Flipkart In Talks To Raise $3 Billion From Ex-Stakeholder SoftBank, Others
Saritha Rai, Bloomberg | Monday June 07, 2021Flipkart plans to raise the additional capital ahead of an initial public offering, now planned for next year, the people said.
Historic Boom For India Tech As Six Startups Become Unicorns In Four Days
Saritha Rai, Bloomberg | Monday April 12, 2021It was an historic week for India's technology industry. In the space of four days, the country minted at least six new startups with a valuation of $1 billion or more.
Five Startups Enter Unicorn Club In First Four Months Of 2021
Reported by Sakshi Bajaj | Friday April 09, 2021Groww, Meesho, ShareChat and API Holdings became Unicorns after latest round of fundingvaluing all of them above $1 billion or Rs 7,450 crore.
ShareChat Raises $502 Million From Snap, Twitter; Valuation Tops $2 Billion
Reuters | Thursday April 08, 2021The funding was led by US venture capital firm Lightspeed Venture Partners and American investment firm Tiger, ShareChat said.
India's New Unicorn Is EPharmacy
Saritha Rai, Bloomberg | Wednesday April 07, 2021API Holdings Pvt said it will use funds to expand its network and add more tele-consultations to link up customers with the 60,000 brick-and-mortar pharmacies and 4,000 doctors it already has on its books.
RBI Orders MobiKwik To Urgently Probe Alleged Data Leak: Report
Reuters | Thursday April 01, 2021MobiKwik has faced growing criticism this week for denying a leak many customers and digital rights activists say is linked to the company's database.
Bengaluru-Based Startup Raises Rs 10 Crore From Blue Ashva Capital
Edited by Nikita Prasad | Tuesday January 05, 2021The startup Devic Earth is placed across markets by with products that are scalable and sustainable with advanced technology that provide user-friendly solutions to the problems faced due to air pollution
Startups Seek High-Tech Solutions For Massive Food Waste
Reuters | Thursday November 12, 2020Entrepreneurs are selling farmers apps to connect them to big buyers nationwide and using artificial intelligence to improve the rickety supply chains that lose one-fourth of India's produce to wastage.
Tata Group To Buy Majority Stake In BigBasket For About $1 Billion: Report
Reuters | Wednesday October 28, 2020China's Alibaba, which holds around 26 per cent stake in BigBasket, is expected to sell its entire shareholding in the company, the Economic Times reported.
Silver Lining For Some Start-Ups Amid Covid-19 Pandemic
Written by Sakshi Bajaj | Wednesday August 26, 2020Analysts believe the rate of success for a start-up is based on the idea and the timing of the implementation.
Flipkart Announces $25,000 Grant For Startups Through Its Accelerator Programme
Edited by Sandeep Singh (with inputs from agencies) | Monday August 10, 2020Flipkart Leap: The Bengaluru-based e-commerce company said it will identify innovative startups to promote the startup ecosystem and support the government's Start-up India initiative.
WeWork Global To Invest $100 Million In India Business
Reuters | Friday June 05, 2020WeWork's India franchise in May laid off 100 employees or 20 per cent of its workforce, joining a slew of firms that are cutting costs.
"Our Revenue Has Come Down 95% Over Past 2 Months": Ola CEO To Employees
Edited by Abhishek Vasudev | Wednesday May 20, 2020Ride-hailing service provider Ola on Wednesday announced that it will lay off 1,400 of its staff amid COVID-19 pandemic.
"Covid Hit Us With Huge Blow Of Uncertainty": Swiggy CEO To Employees
Edited by Abhishek Vasudev | Monday May 18, 2020Food delivery company Swiggy said on Monday that it will lay off 1,100 employees over the next few days.
Indian Start-Ups Become Creative As Coronavirus Crisis Hits Funding
Reuters | Monday May 11, 2020A group of the top venture firms, including U.S. groups Sequoia and Accel, warned start-ups this month that it will be "very difficult" to raise financing anytime soon.
