Page 8 - Start Ups
Waiting for a thaw: Four charts give a peek into the funding winter
The other trend was acquisitions. Many acquired to expand rather than invest to grow organically. Of course, this period did not see a single unicorn
 "Waiting for a thaw: Four charts give a peek into the funding winter")
Walmart's payments startup PhonePe seeks to raise $1 billion: Report
The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said
 "Walmart's payments startup PhonePe seeks to raise $1 billion: Report")
Indian startups see huge 35% drop in funding, edtech among worst performers
As the funding winter deepens amid growing layoffs, India saw a massive 35 per cent drop in funding this year, from $37.2 billion in 2021 to $24.7 billion (till November in 2022)
 "Indian startups see huge 35% drop in funding, edtech among worst performers")
Blume Ventures announces closing its fund for start-ups at $250 mn
VC firm's Fund IV will invest in some 35 companies in edtech, fintech, health and other sectors
 "Blume Ventures announces closing its fund for start-ups at $250 mn")
Startup funding dips by 35% to $24.7 bn in 2022 YTD: Tracxn report
Late-stage funding fell by 45 per cent from $29.3 billion between January to November 2021 to $16.1 billion for the same period in 2022
 "Startup funding dips by 35% to $24.7 bn in 2022 YTD: Tracxn report")
Govt recognises 84,102 entities as startups as on Nov 30: MoS Commerce
The government has recognised as many as 84,102 entities as startups as on November 30 this year, Parliament was informed on Wednesday
 "Govt recognises 84,102 entities as startups as on Nov 30: MoS Commerce")
Hardware security: A vacuum to be filled by Indian startups in the IoT era
The arrival of the Internet of things (IoT) has created a scope for new hardware security solutions that could make the 'smart' consumer products secure by design
 "Hardware security: A vacuum to be filled by Indian startups in the IoT era")
PhysicsWallah, the unassuming underdog among edtech firms in India
While its rivals battled to stay afloat, PhysicsWallah has recorded consistent growth since the pandemic
 "PhysicsWallah, the unassuming underdog among edtech firms in India")
No of unicorns drop to 85 in India as valuation erode amid global turmoil
The number of unicorns (with the $1 billion valuation and above) in India has dropped to 85 from more than 100 just a couple of months ago, as most startups have shed a significant share of valuations
 "No of unicorns drop to 85 in India as valuation erode amid global turmoil")
Flipkart veteran building unified shopper identity across stores
Flash is creating a digital identity that power shoppers can use across retail sites
 "Flipkart veteran building unified shopper identity across stores")
Work to combat climate change, boost millet production: FM urges startups
Union Finance Minister Nirmala Sitharaman on Saturday appealed to startups to touch upon less glamorous areas including climate change, millet production and improving the condition of farmers
 "Work to combat climate change, boost millet production: FM urges startups")
JioCinema preps for its Disney-Hotstar moment with football World Cup
Tournament likely to give app visibility in run-up to IPL next year; monthly active users seen touching 105 mn
 "JioCinema preps for its Disney-Hotstar moment with football World Cup")
Modified data protection bill to bring ease for startup ecosystem: Experts
MeitY on Friday released a draft version of the much-awaited data protection law, in the fourth such effort since it was first proposed in July 2018
 "Modified data protection bill to bring ease for startup ecosystem: Experts")
Zoom seeking VoIP licence indicates organisational shift in India: Experts
Zoom Video Communications has sought approval from the government of India to launch its Zoom Phone services in India, according to media reports
 "Zoom seeking VoIP licence indicates organisational shift in India: Experts")
Indian startups must brace for a long funding winter: Flipkart CEO
The startup ecosystem's funding winter could last another 12 to 18 months and the industry may face "a lot of turmoil and volatility", warned Flipkart CEO Kalyan Krishnamurthy
 "Indian startups must brace for a long funding winter: Flipkart CEO")
Zomato co-founder Mohit Gupta resigns; pens a heartfelt farewell note
In a farewell note, Gupta said that it was an honour for him to see the company grow leaps and bounds
 "Zomato co-founder Mohit Gupta resigns; pens a heartfelt farewell note")
Only 11% investment in deep tech start-ups, need more seed funding: NASSCOM
The deep tech startup ecosystem is not equal to the tech startup ecosystem, Ghosh stressed, pointing out that their life cycles are different
 "Only 11% investment in deep tech start-ups, need more seed funding: NASSCOM")
About 100 start-ups registered with Isro, says Chairman S Somanath
Somanath announced that Chandrayaan-3 mission would be in orbit in a few months and that ISRO was working with NASA
 "About 100 start-ups registered with Isro, says Chairman S Somanath")
BharatX to invest Rs 122 cr in indigenous start-ups over next 18 months
BharatX will also facilitate access to leading corporations along with a dialogue with policymakers
 "BharatX to invest Rs 122 cr in indigenous start-ups over next 18 months")
Healthtech start-up BeatO raises $33 mn in Series B from Lightrock
Firm provides affordable diabetes care with a focus on people who don't have access to specialists
 "Healthtech start-up BeatO raises $33 mn in Series B from Lightrock")
