Startup

Curefoods raises Rs 300 cr in round led by Binny Bansal's investment fund

Cloud kitchen company says it will use financing to expand reach and diversify in offline market

TVS Motor Company's Singapore arm to buy 25% stake in Killwatt GmbH

TVS Motor Company on Tuesday said its Singapore-based arm will acquire a 25 per cent stake in Germany-based electric mobility products and components startup Killwatt GmbH. TVS Motor (Singapore) Pte Ltd, has agreed to acquire a 25 per cent stake in Killwatt GmbH by way of newly issued shares of the latter, amounting to 8,500 common equity shares, the company said in a regulatory filing. The shares are acquired at cash consideration of 235.29 euros per share, translating to a total of nearly 2 million euros (nearly Rs 18 crore). Killwatt's business comprises development, design, manufacture, sale and distribution of high-tech products and components in the field of electric two-wheeler and three-wheeler vehicles, it added. "Killwatt presents great potential which has been conceptualised by the company. This acquisition is aligned with our larger vision of becoming a leading player in the e-personal mobility space and providing our customers with sustainable mobility solutions, and i

Edtech major Byju's to raise $700 million in fresh funding round this month

The latest funding round comes as Byju's is aiming to repay a huge $1.2-billion term loan it had secured in November 2021

Indian startups with 'strong fundamentals' will survive: Vinod Khosla

Khosla and ChatGPT developer OpenAI's CEO Sam Altman recently offered personal capital to help startups after SVB's collapse

India's start-up story remains robust

The ecosystem would experience rationalisation of valuations in the current period, with funding expected to gradually increase from Q3 2023-24

Four in every five early-stage start-ups in India want to hire more in 2023

15.79 per cent of these start-ups want to keep their headcount unchanged: FICCI - Randstad Start-up Hiring Trends Survey

Apple quietly acquires AI-driven video compression startup WaveOne

Apple has quietly acquired WaveOne, a California-based startup that develops AI algorithms for video compression

SoftBank-backed Oyo Hotels to reduce planned IPO amid tech headwinds

It's the second attempt at an IPO by the SoftBank Group Corp.-backed startup, after India's stock market regulator raised multiple red flags on its earlier try in late 2021

Reveal HealthTech raises $4 mn in seed funding from W Health Ventures

Reveal HealthTech provides technology services to healthcare companies through engineering, clinical, and strategic support

No thaw seen in start-up funding winter despite 231 deals this year

India-focused VCs sitting on dry powder worth $12.88 bn, highest in 7 yrs

Intel GPU chief Raja Koduri quits to form own generative AI startup

Indian-American Raja Koduri, head of Intel's Accelerated Computing Systems and Graphics Group, has quit the chip-making major to form his own generative artificial intelligence (AI) startup.

SVB crisis: $200 mn worth start-up deposits moved to GIFT City, says MoS IT

Says Indian financial sector should be preferred banking partner for start-ups

ADIA to invest $500 mn in Lenskart, hold 10% stake in eyewear retailer

The fundraise was done at a $4.2 billion valuation, according to the sources. It will result in ADIA becoming one of the largest shareholders in Lenskart with a 10 per cent stake, say sources

MoS IT Chandrasekhar to take up SVB-liked startups' woes with FinMin

The IT ministry will take up woes of Indian startups impacted by the Silicon Valley Bank collapse with the finance ministry to help them navigate through the crisis and address the immediate liquidity crunch they are facing, Union Minister Rajeev Chandrasekhar said on Tuesday. The Minister of State for Electronics and IT during interactions with startups asked them to engage with the Indian banking system, which has been very robust and assured them of resolving teething issues they may face. Though startups and venture capitalists said that the US government authorities have assured of returning full money to the depositors, there is no clarity on the timelines, which will lead to a liquidity crunch in the firms that have been impacted by the SVB collapse, according to the minister. "I am going to put together a suggestion list and give it to the honourable finance minister on your behalf, and work closely with the government of India as a whole," Chandrasekhar said. Most of the .

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal

Chennai-based company says 'vast majority' of its finances not held at failed US lender

Telehealth startup Cerebral shares data of 3.1 mn patients with advertisers

US-based telehealth startup Cerebral has disclosed that it shared the private health information, including mental health assessments, of more than 3.1 mn patients in country

Asia witnesses limited contagion risk from Silicon Valley Bank's woes

While bank shares in Asia and the US are trading at almost similar accounting book value-based valuations, the former is expected to boost earnings by 29% over the next 12 months

ADIA close to buying a $500 million stake in eyewear startup, Lenskart

The Middle Eastern sovereign wealth fund is finalizing an agreement to buy a mix of existing Lenskart shares and new equity, the people said

Creating infra to win back startups & businesses to Maharashtra: Deputy CM

Devendra Fadnavis also reiterated that the state is aiming to stay number one in the space of fintech startups

Fashion startup STUMBL onboards Masoom Minawala as strategic advisor

Launched in December 2022, the company claims to have served more than 10,000 young women to date, with 20% becoming repeat customers