Start-up

Cold chain startup Celcius raises Rs 100 crore from IvyCap, others

The company aims to use the funds for tech innovations to solve the fragmented nature of the cold supply chain and reduce wastage of perishables

Start-up funding winter a reality, going to be short & sharp: MMT chairman

The start-up funding 'winter' is a reality but it is going to be short and sharp, and it has been exacerbated by the banking crisis in the US and Europe, travel services provider MakeMyTrip Chairman Deep Kalra said on Tuesday. With domestic players in travel in India reporting more than 100 per cent recovery from pre-COVID period, the industry will witness steady secular growth, he said while speaking at the Times Network India Digital Fest here. "I think the startup winter, which we're talking about or the funding winter that we're talking about is a reality, but it's going to be short, but sharp," Kalra said. He further said, "And today, it's not only because of the overheated part of it, but now we have the banks crisis, not just in the US but also in Europe, which really exacerbates most of this but I've seen cycles now being shorter, sharper and it will come back. Kalra was responding to a query on the churn witnessed by the start-up ecosystem where valuations have dropped and

Ford's electric vehicle unit loses $3 bn, should be seen as startup

Ford Motor Co.'s electric vehicle business has lost USD 3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. The figures were released on Thursday as Ford rolled out a new way of reporting financial results. The new business structure separates electric vehicles, the profitable internal combustion and commercial vehicle operations into three operating units. Company officials said the electric vehicle unit, called Ford Model e, will be profitable before taxes by late 2026 with an 8 per cent pretax profit margin. But they wouldn't say exactly when it's expected to start making money. Chief Financial Officer John Lawler said Model e should be viewed as a startup company within Ford. As everyone knows, EV startups lose money while they invest in capability, develop knowledge, build (sales) volume and gain (market) share, he said. Model e, he said, is working on second- and even third-generatio

Fintech outliers in the funding winter despite tough regulatory framework

According to Tracxn, which tracks start-up data, fund-raises by fintechs slowed in calendar 2022 to $5.65 billion, a drop of 47 per cent from the preceding year

Indian start up develops specialised robots to clean petrochemical tanks

Indian Start up Develops Specialised Robots to Clean Petrochemical Tanks

Tube Investments arm buys e-tractor startup Cellestial E-Mobility

Acquirer was already holding 69.96% of Cellestial. On Friday, it signed a deal to buy the balance 30.04% for Rs 50.90 cr

Car services firm Park+ raises Rs 140 cr in funding for business expansion

App helps in finding parking, tracking challans, recharging FASTag, car maintenance

Neobanking start-up Jupiter raises Rs 100 cr in venture debt from Alteria

Mumbai, Bengaluru-based company will use money to expand its lending products

SaaS start-up SirionLabs closes series D funding round at $110 mn

Company says it will use the capital to expand its position in contract lifecycle management business

Customers tipped delivery partners up to Rs 3 crore on Dunzo in 2022

A Chennai user ordered about Rs 45,000 worth of Ferrero Rocher chocolates from Dunzo in just three orders, the report shows

National security, building cybersecurity products on our agenda: DSCI CEO

'Tremendous amount' of data will be flowing into India, says leader of research and policy group

Balaji Srinivasan invests unknown sum in blockchain start-up Permissionless

Company to use the funds to scale the number of contributors on the platform, create more integrated productivity tools for borderless and asynchronous work

Nothing Ear (stick) gets Rs 1000 cheaper for Ear (1), Phone (1) customers

Priced at Rs 8,499, the Ear (stick) will be available on on the e-commerce platform Flipkart and Myntra from November 17

Hiring of permanent workers fell 61% in start-ups: RazorpayX Payroll report

Technology-related jobs have managed to marginally increase their contribution to the overall workforce by 4 per cent, while the hiring trend is slowing down in general

Musk's favourite crypto doubles in value, skeptics issue warning

Dogecoin's rally brings focus back on cryptocurrency regulations and decentralised finance networks

Nothing Ear (stick) will be available on Myntra, Flipkart; launch on Oct 26

Second wireless earbuds in the Nothing's audio line, the Ear (stick) are going to be half in-ear design variant of the Ear (1)

Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move

Second round of sacking to save costs reduces FrontRow's headcount to 45 people

Metaverse in India: The challenge of buying land and painting houses

VR headsets are gradually becoming somewhat accessible, with an Oculus Go priced at Rs 22,000. Several start-up founders say they are also developing software for laptops and mobile devices.

Nothing Ear (stick) unveiling scheduled for October 26: What to expect

The Nothing Ear (stick) is expected to be an affordable pair of true wireless earbuds. It may lack the Active Noise Cancellation (ANC) feature, which was available on the Nothing Ear (1)

DotPe raises $58 mn in series B, plans entry into financial services

The firm currently serves over 7.5 million brands including McDonald's, 24 Seven and Taco Bell