Page 2 - Indian Startups

Venture capital investments in Indian start-ups plunge 38% in 2022: Report

Venture capital (VC) investments in Indian startups plunged over 38 per cent in 2022 as economic uncertainty and market volatility affected fundraising and investment activities, GlobalData said on Tuesday. In a statement, GlobalData said an analysis of its financial deals database reveals that "a total of 1,726 VC funding deals worth USD 20.9 billion were announced in India in 2022 compared to 1,715 deals worth USD 33.8 billion in 2021." "The ongoing economic uncertainty and market volatility continue to affect the fundraising and investment activities in India and subsequently VC investment in the country startups suffered a massive year-on-year 38.2 per cent decline in value terms during 2022," the data and analytics company said. Aurojyoti Bose, lead analyst at GlobalData, said India is a key Asia-Pacific market and stands just next to China in terms of VC funding deals by volume and value. It is also among the top four markets (the US, the UK, China and India) globally. India

Indian start-ups rejoice as SC upholds Android ruling against Google

The CCI order states Google can't impose such requirements now

Indian start-ups witness decline in hiring; struggle with attrition: Study

According to the study, over 64 per cent of the respondents wanted to shift jobs for a 'stable job'

ShareChat, Dunzo to join list of startups planning mass layoffs in India

Rebel Foods, which has brands like Behrouz Biryani and Oven Story, has also reportedly cut its headcount

Indian startups need to reserve cash, listen to customers to stay afloat

Indian startups fired more than 18,000 employees in 2022 amid a funding winter and macroeconomic uncertainty

Start-up funding dips 33% YoY in CY22, early-stage funding grows: PwC India

The SaaS segment witnessed a 20 per cent increase in funding during CY22 compared to CY21 and accounted for nearly 25 per cent of all funding activity this year

Indian start-ups take 5 yrs to cross $100 mn revenue mark: Redseer

There are about 100 unicorns and 170 soonicorns in India. Of these 270 firms, over 40 start-ups in the fintech, e-commerce, and logistics sectors have crossed $100 million in revenue as of FY22

Indian startups take 5 yrs to scale from zero to $100 mn revenue: Report

What took 18 years in 2000 to reach $100 million revenue has come down to five years, according to data by Redseer Strategy Consultants

Amid funding crunch, edtech startups tread an alternative path to success

According to data from Tracxn, a market intelligence platform, investments in the edtech sector took a plunge from $4.1 billion across 322 deals in 2021 to $2.5 billion in 2022 across 164 deals

VC funds reduce number of deals with start-ups by a fifth in 2022: Study

Total investment in such firms in India stood at $23 bn in 2022, compared to $35 bn in 2021

58% of govt-recognised start-ups centred in 5 states; Maharashtra tops list

Nearly 58 per cent of the government-recognised start-ups are confined to just five states in the country

Surprise corporate actions by Indian tech darlings spur investor scrutiny

Nykaa and Paytm are among a flurry of hot startups that came to the Indian market with much fanfare

MPL bans over a million accounts in 2022 to promote fair gameplay

According to the company, these are not temporary suspensions but permanent bans of these users from the system

Digital economy to create 10 million in 2 years: Ashwini Vaishnaw

Start-ups leading technology development, can emerge from small villages even: Minister

Start-ups to take up nearly 30% of gross office leasing in 2022: Study

Bengaluru leads in terms of space leased by such companies, says JLL report

OTT discussions on draft telecom bill to hamper Indian startups: IAMAI

The IAMAI, in its letter to the Department of Communication (DoT), has expressed grave concern about the impact of these changes on India's startup ecosystem and the digital economy

upGrad to hire over 1,400 people between Nov 2022 and March 2023

According to an official report, the company has made offers to hire people across India and global offices between November 2022 and March 2023

Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence

Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida

PhysicsWallah's revenue rises to Rs 232.48 cr, net profit surges 14 times

The company has reported a profit at a time when top tech unicorns, especially edtech firms are incurring steep losses and are laying-off employees

Hiring of top-level professionals slowing down in Indian startups: Report

In most startups, the CEOs are now participating in the hiring process for senior-level professionals