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Start Up

Tesla

Executives Continue To Exit Tesla As Its Business Plans Face Uncertainty In India

Tesla’s plan to enter the country has been on hold since 2019 as India levies a 60% import duty on EVs priced at $40,000 or lower. It also levies a 100% duty on EVs priced at more than $40,000

12 September 2022

After Firing Over 600 Employees In May, Vedantu Lays Off Another 100

This is the third time the Bengaluru-based edtech unicorn laid off employees since May


Zomato Planning Multiple-CEO Structure, Founder Deepinder Goyal Informs Employees

He also announced the creation of a larger entity called 'Eternal'  


Startups

Ratan Tata Invests In Senior Citizen Startup Goodfellows

The startup hires young graduates having the right skills of empathy and emotional intelligence to 'work' as the senior citizen clients' companions, and ease the day for them with any tasks or just talk with them

16 August 2022

Source: Shutterstock

After Ashneer Grover And Satyam Nathani, Bhavik Koladiya Is The Latest High-Profile Exit From BharatPe

BharatPe's Chief Revenue Officer, Nishit Sharma, and Head of Institutional Debt Partnerships, Chandrima Dhar, also resigned from their positions in June


Pricelabs Announces $30 Million Investment From Summit Partners

The property price management start-up currently powers over 150,000 listings across 100 countries 

30 July 2022

EV Start-up River

EV Startup River Raises $11 Million In Series A Round

Chris Sacca's Lowercarbon Capital led the funding round, which saw the participation of Toyota Ventures

03 August 2022

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Fintech Startup Jai Kisan Raises $50 Million In Series B Round

It has secured $85.4 million to date

30 July 2022

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30 July 2022
36% Of Biotech Start-Ups Are Less Than Five Years Old

36% Of Biotech Start-Ups Are Less Than Five Years Old

India recorded over 1128 biotech start-ups by 2021 end, taking the cumulative number to 5,365 biotech start-ups 


26 July 2022
Arable Raises $40 Million In Series C Financing

Arable Raises $40 Million In Series C Financing

The agritech start-up doubled the size of its team in the last year and added offices in Bangalore and Sao Paulo  


26 July 2022
IIT Kanpur’s Startup Incubation And Innovation Centre Launches NIRMAN Accelerator Program

IIT Kanpur’s Startup Incubation And Innovation Centre Launches NIRMAN Accelerator Program

The best-performing start-ups among the cohort of 15 will receive a cash award of up to Rs 10 lakh 


25 July 2022
Prakash Sikaria Quits As Flipkart’s Shopsy Head

Prakash Sikaria Quits As Flipkart’s Shopsy Head

He joined the company in 2014 and was heading Flipkart’s social commerce vertical


25 July 2022
Xponentia Capital Mops Up Rs 365 Crore During First Close Of Second Fund

Xponentia Capital Mops Up Rs 365 Crore During First Close Of Second Fund

The private equity fund hopes to touch Rs 750 crore at the final close in December 2022 


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25 July 2022
Sequoia-Backed Rupeek In Talks With Existing Investors To Raise $50 Million

Sequoia-Backed Rupeek In Talks With Existing Investors To Raise $50 Million

Entrackr reported that this new investment round would likely be funded by internal investors at a flat valuation of around $634 million


23 July 2022
Facebook’s Parent Company, Meta, To Invest In Better Opinions; Its Third Investment In South Asia

Facebook’s Parent Company, Meta, To Invest In Better Opinions; Its Third Investment In South Asia

The tech giant had invested in Meesho in 2019 and Unacademy in 2020 


23 July 2022
Fi Raises $45 Million In Series C Funding Round 

Fi Raises $45 Million In Series C Funding Round 

The neo banking start-up will allot 2,32,980 Compulsory Convertible Preference Shares to existing investor Alpha Wave Ventures for this fundraising 


22 July 2022
Sequoia-Backed Bright Money Is Latest Start-Up To Hand Out Pink Slips

Sequoia-Backed Bright Money Is Latest Start-Up To Hand Out Pink Slips

The Bengaluru-based fintech started operations two years ago and reportedly laid off 50 per cent of its workforce


21 July 2022
Westbridge Capital Raises $1.5 Billion To Invest In Indian Start-Ups

Westbridge Capital Raises $1.5 Billion To Invest In Indian Start-Ups

The investment firm has invested in multiple Indian businesses across public and private markets, including unicorns like LeadSquared, PhysicsWallah and Vedantu


21 July 2022
BYJU's Troubles Mount As Karti Chidambaram Asks SFIO To Investigate Company Finances

BYJU's Troubles Mount As Karti Chidambaram Asks SFIO To Investigate Company Finances

He questioned the missing Rs 2,500 crore in the company's March 2022 funding round and its failure to file its FY 2020-21 financial results.


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21 July 2022
M2P Fintech Acquires Syntizen, Its Third Acquisition This Year 

M2P Fintech Acquires Syntizen, Its Third Acquisition This Year 

It acquired cloud lending platform, Finflux and core banking solutions provider BSG ITSOFT earlier this year


21 July 2022
Rohit Kapoor Quits OYO As CMO, Likely To Join Swiggy As CEO Of Food Delivery Business

Rohit Kapoor Quits OYO As CMO, Likely To Join Swiggy As CEO Of Food Delivery Business

Kapoor joined OYO in 2018 as CEO of its new real estate businesses but was appointed Global CMO this April after Ankit Gupta was promoted as CEO of OYO India


20 July 2022
Amazon Smbhav Venture Fund, Fireside Ventures Lead Fitterfly’s $12 Million Series A Funding Round

Amazon Smbhav Venture Fund, Fireside Ventures Lead Fitterfly’s $12 Million Series A Funding Round

The health-tech start-up will utilise the funds to expand the reach of Diabefly, its digital diabetes management program


20 July 2022
KPMG And HSBC Identify 100 Potential Unicorns Across Asia Pacific

KPMG And HSBC Identify 100 Potential Unicorns Across Asia Pacific

16 Indian start-ups featured in the ‘Emerging Giants in Asia Pacific’ report, which covered 12 markets across the region


19 July 2022
Eka Care Raises $15 Million In Series A Led by Hummingbird Ventures

Eka Care Raises $15 Million In Series A Led by Hummingbird Ventures

3one4Capital, Mirae Assets, Verlinvest, Aditya Birla Ventures, Binny Bansal and Rohit MA were some of the other investors who participated in this funding...


18 July 2022
Slice's Fundraising Hits Roadblock Following RBI Directive About PPIs Loading Credit Lines

Slice's Fundraising Hits Roadblock Following RBI Directive About PPIs Loading Credit Lines

After entering the unicorn club last year, the fintech was trying to raise an additional $50 million through a new funding round


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