Page 14 - Start Ups

Indian fashion brands are becoming hot bets for venture capital firms

The fashion and lifestyle space is India's second largest consumer category, valued at $110 billion with approximately 10 per cent online at $11 billion

Bharat Innovation Fund co-founder foresees global reach of Indian deep tech

India's deep tech sector has surged to over 4,500 firms, with strong government support and policy initiatives. But access to capital remains a challenge for startups in this sector

Two Brothers Organic Farms raises Rs 58.25 crore in Series-A round

This funding would help the brand grow its market presence in India and the United States and promote the adoption of organic food

Dairy startup co Sid's Farm raises $10 million in Series A Round

Sid's Farm plans to use the funds to establish a strong presence in Hyderabad and Bengaluru by enhancing manufacturing capabilities

Prosus writes off investment in Byju's, records $493 million loss

This would be perhaps the first such large write-off announced by a large institutional investor in India

Oyo opens first luxury hotel in Dubai, eyes boosting premium properties

The company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed visa policy for them earlier this year

Fintech company Cred's Kunal Shah is top startup founder-investor

Shah has invested in 266 startups, followed by Anupam Mittal, founder of shaadi.com, who has funded 213

Startup layoffs down 62% in 2024 so far; likely to step up hiring

The full year 2023 saw a staggering 16,398 layoffs, according to layoffs tracking platform Layoffs.fyi

Indian deeptech startups count surges in 2023, funding drops 77%: Nasscom

"India currently has 3600+ deeptech startups, out of which 480 were established in 2023 itself, nearly 2X more than the number of deeptech startups established in 2022," the report said

Pine Labs plans $1 billion IPO in India after shift from Singapore

Likely to seek over $6 bn valuation; may go for pre-IPO round

Bucking the trend: Indian startups regain lost funding ground, says report

After four consecutive half-year periods of decline in funding, H1CY24 has seen an upswing

India ranks sixth globally in deeptech startup ecosystems: Nasscom

According to the report, in CY23, Indian deeptech startups witnessed a dip of 77 per cent in funding compared to last year and secured $850 million in investments

FinTech sector leads with 30 startups in Future Unicorns worth $11.4 bn

The 30 startups featured in the ASK Private Wealth Hurun India Future Unicorn Index have collectively raised an investment of $5.7 billion

25 Indian startups drop out of Hurun India Future Unicorn Index 2024

Funding winter shows, cheetahs too lose steam

Tech startup funding at $4.1 bn in H1 2024, 4% higher than H2 2023: Tracxn

At $4.1 billion, India still remains the fourth-highest funded country globally in the tech startup landscape, it said

Swiggy launches recruitment support initiative for partner restaurants

Swiggy has teamed up with staff hiring experts like Apna, WorkIndia, Kaam, and Shiftz to help restaurants connect with qualified candidates across various roles

Zoomcar collabs A-I Express to allow booking cars from airport in 19 cities

The collaboration also caters to the customer with varying requirements, leveraging the extensive fleet options

Making the right 'Noise': Wearables brand bets big on tech and innovation

While the wearables market has been witnessing exponential growth over the past few years, chief executive of Noise Gaurav Khatri believes it was a result of a low base effect

Alyve Health raises $5.5 mn in Series A funding led by Axilor Ventures

The company also raised venture debt fund from Trifecta Capital as part of this round, it added

The Pant Project raises $4.25 mn in series-A round led by Sorin Investments

The D2C fashion brand plans to double down on its omnichannel retail strategy and cross Rs 100 crore in revenue within the next 18-24 months