Page 2 - Startup

Chennai's startup Atsuya Technologies named 'Great Place to Work'

Great Place to Work surveys companies globally and conducts research on the characteristics of great workplaces

Zomato approaches restaurants to hike commission charges by 2-6%: Report

For the past two years, Zomato has been charging 18-25 per cent commission per order for deliveries

Punjab has best ecosystem for IT and startup sector: Minister Meet Hayer

Punjab has the best ecosystem for IT and startup sector and offers immense opportunities, according to state minister Gurmeet Singh Meet Hayer. The State Governance Reforms Minister also said the Punjab government has taken special care to ensure that the industry is an equal partner in policy decisions. "Punjab is now land of immense opportunities. Chief Minister Bhagwant Mann has given hope to people that Punjab can be put on orbit of high growth trajectory of economic growth by transforming it into an industrial hub," the minister said on the second and concluding two-day Progressive Punjab Investors Summit here. He also said Punjab is the home of leading entrepreneurs of the nation and now Ajay Banga, a Punjabi would lead the World Bank. At a session, Meet Hayer said that the state currently has more than 150 registered IT units operating with approximately 35,000 IT professionals. Mohali, the city which is hosting the event, is rapidly developing as IT Hub. It has a strategic

E-commerce firm FreshToHome bags $104 mn amid long funding dry spell

Launched in 2015, FreshToHome operates in over 160 cities in India and the UAE. It offers more than 2,000 certified fresh and chemical-free products

Blinkit starts new feature allowing brands to have customised stores on app

Sellers on instant-delivery platform can track performance of products, highlight them

Startup launches drone-delivery of medicines in Kolkata to beat traffic

Eight more places in West Bengal have been earmarked for the launch of drone delivery of medicines in the coming days

Drone start-up Garuda raises $22 mn in series A funding from SphitiCap

Company will use money to expand operations, research, and to train drone pilots

State Bank of India opens third specialised Startup branch in Gurugram

State Bank of India (SBI) on Thursday inaugurated its third specialised branch for startups at Gurugram to provide all banking services required by them under one roof. Gurugram houses the third highest number of unicorns in the nation after Bengaluru and Mumbai, SBI said in a statement. Speaking on the occasion, SBI Chairman Dinesh Khara said the primary aim of this branch is to provide end-to-end support to startups at every stage of their journey, starting from the formation of the entity till their IPOs and FPOs. Apart from regular banking services to startups, the branch will also act as a one stop shop in providing investment banking, treasury/forex, advisory and other ancillary financial services through the bank's subsidiaries, it said. Besides startups, the bank also intends to cater to the requirements of private equity (PE), venture capital (VC) and Alternative Investment Funds (AIFs). Leveraging its locational advantage, the startup branch in Gurugram has entered into

Digital lending startup LoanTap raises Rs 24 crore in venture debt

Funding led by Lighthouse Canton through its Category-II AIF

Google invests nearly $400 million in ChatGPT rival Anthropic: Report

According to the report, the deal gives Google a stake in Anthropic, but doesn't require the startup to spend the funds buying cloud services from Google

Climate tech start-up Ecozen raises $25 mn to expand beyond agriculture

The debt portion was provided by Maanaveeya Development and Finance, Oxyzo, Northern Arc group, HDFC Bank and Axis Bank

SoftBank-backed InMobi lays off 50-70 staffers, cites performance as reason

Poor performance prompted the company to take this extreme step

GoMechanic to lay off 70% workforce, says made grave errors in judgement

Co-founder Amit Bhasin said GoMechanic has decided to 'restructure the business while we look for capital solutions'

Voice automation startup Skit.ai lays off over 115 employees: Report

Software-as-a-service (SaaS) voice automation startup Skit.ai has sacked more than 115 employees, mostly from its India team, as part of the "restructuring process" amid the deepening funding winter

Healthcare edtech start-up Virohan raised $7 mn from Blume Ventures

Company's omnichannel platform trains students in allied healthcare programmes

InCred Capital acquires digital investment firm Orowealth in all-cash deal

Acquisition marks InCred Capital's foray into retail wealth management

After many rocking years, we needed a rocky year: Byju's CEO Raveendran

He said 2022 was the year of learning for all tech businesses, of every kind. "We had our share of learnings and growing, too. This was the year of introspection and action.

World Startup Convention sets a new benchmark its receives over 1,00,000 applications for funding

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Tredence raises $175 million in funding from Advent International

Private equity firm Chicago Pacific Founders (CPF), an existing investor, will continue to be "a meaningful shareholder", said Tredence. CPF invested in Tredence in December 2020

NeuWorld Spirits aims Rs 100 cr turnover by FY24; to expand its portfolio

NeuWorld Spirits, an alcoholic beverage startup backed by TRDP group, aims to scale its turnover to around Rs 100 crore in FY24 and have its presence in major markets of the country. The company, which commenced its operations in January this year, has launched two whiskies - Downing Street and Royal Tribe, catering to the premium and semi-premium segments, respectively. Besides, NeuWorld Spirits also has plans to introduce a couple of more brands in the whisky segment and to enter into the premium vodka, craft gin, rum and premium brandy, towards having a complete portfolio of alco-bev (alcoholic beverage) products, said its Managing Director Poonam Chandel. Downing Street and Royal Tribe would cover the entire north India by March 2023, she added. "By April we would launch premium vodka and another whisky (which will be between mass and semi premium). We have already started working on packaging, communications and sourcing. By end of 2023 we would have a robust portfolio," Chand