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Blinkit's quarterly contribution margin turns positive for 1st time: Zomato CEO

Blinkit's quarterly contribution margin turns positive for 1st time: Zomato CEO

Sat, Nov 04, 2023

Zomato CEO Deepinder Goyal said that Blinkit is seeing good product market fit and is growing well in each of the cities that it is present in currently.

Casual puzzle gaming studio QuriousBit, home decor brand DecorTwist, cybersecurity firm Zeron raise funding

Thu, Sep 28, 2023

Casual puzzle gaming studio QuriousBit aims to utilise the funds from this seed round to build innovative games and curate a team for the casual mobile gaming studio.

Enkash expects business to grow by 36% to Rs 250 crore this fiscal

Enkash expects business to grow by 36% to Rs 250 crore this fiscal

Mon, Aug 07, 2023

Fintech firm Enkash expects its business to grow by 36 per cent to USD 30 million, about Rs 250 crore, in this fiscal on account of digitisation in small and medium business in the accounting segment, a senior official of the company said.

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E-commerce platform Meesho crosses 500 mn downloads

E-commerce platform Meesho crosses 500 mn downloads

Fri, Jun 02, 2023

E-commerce platform Meesho has become the world's "fastest shopping app" to cross 500 million cumulative downloads across Google Play and iOS App Store, mobile data analytics provider has said.

Startups in India have universe of opportunities; enabling policies catalysing ideas into successful global ventures: MoS IT

Startups in India have universe of opportunities; enabling policies catalysing ideas into successful global ventures: MoS IT

Thu, May 25, 2023

Chandrasekhar, who is the Minister of State for IT and Electronics, said the world of technology will continue to disrupt and shift, and added that constant innovation is the only real solution for longevity of ventures in an unending world of change and disruption.

Rs 611 crore allocated to incubators under startup seed fund scheme so far

Rs 611 crore allocated to incubators under startup seed fund scheme so far

Wed, May 03, 2023

The government has allocated Rs 611 crore to incubators and out of that, Rs 61 crore was released to startups under the seed fund scheme so far, an official said on Tuesday.

Anashwar Technologies wins Rs 5 lakh first prize in Grand Water Saving Challenge

Anashwar Technologies wins Rs 5 lakh first prize in Grand Water Saving Challenge

Tue, Apr 25, 2023

Pune-based start-up Anashwar Technologies Private Limited has won the first prize of Rs five lakh in the Grand Water Saving Challenge, it was announced on Monday.

Tesz hits half-a-million monthly users

Tesz hits half-a-million monthly users

Wed, Apr 19, 2023

Tesz, an expert platform backed by the Kerala Startup Mission for clarifying queries pertaining to government services, has achieved the milestone of serving half a million monthly users.

Ugro Capital to raise Rs 340 cr in equity capital

Ugro Capital to raise Rs 340 cr in equity capital

Tue, Apr 11, 2023

The company has already entered into a definitive investment agreement with IFU, a Denmark government-owned fund offering risk capital to companies in developing countries and emerging markets.

Agri-commerce startup WayCool looking to become Rs 6,000-crore entity by FY25

Agri-commerce startup WayCool looking to become Rs 6,000-crore entity by FY25

Thu, Apr 06, 2023

Chennai-based WayCool was founded by auto industry veteran Karthik Jayaraman and Sanjay Dasari, the son of the ex-head of Ashok Leyland Vinod Dasari in 2015. It was founded as a social enterprise and agri-tech company.

Professional networking startup Blue Circle raises fresh round of funding

Professional networking startup Blue Circle raises fresh round of funding

Tue, Apr 04, 2023

Professional networking startup Blue Circle on Monday said it has raised a fresh round of funding from leading CXOs from private equity, tech, healthcare and legal sectors.

Moneyboxx raises Rs 24 crore equity capital

Moneyboxx raises Rs 24 crore equity capital

Mon, Apr 03, 2023

Moneyboxx Finance, which provides business loans to micro entrepreneurs in smaller towns, on Monday said it has raised equity capital of Rs 24 crore by way of private placement from non-promoter investors.

Upgrad raises Rs 300 cr in rights issue led by co-founder Ronnie Screwvala

Upgrad raises Rs 300 cr in rights issue led by co-founder Ronnie Screwvala

Wed, Mar 29, 2023

Screwvala contributed Rs 212 crore in the internal funding round. Existing investor Temasek contributed Rs 81 crore and the rest of the amount was raised from other minority stakeholders in the company, UpGrad said in a statement.

Women's startup incubator WE Hub ties up with Australia's Cyber West Sign to boost opportunities for Australian, Indian startups

Women's startup incubator WE Hub ties up with Australia's Cyber West Sign to boost opportunities for Australian, Indian startups

Mon, Mar 27, 2023

City-based WE Hub, a state-led incubator for women entrepreneurs, on Sunday signed a Memorandum of Understanding (MoU) with Cyber West Sign, an Australian digital marketing agency, to promote cross-border opportunities for startups in both countries.

20 women-led startups in pipeline to become unicorn: Study

20 women-led startups in pipeline to become unicorn: Study

Wed, Mar 22, 2023

Around 18 per cent of India's unicorn startups are founded or co-founded by women and 20 other firms are in pipeline to become unicorn, a joint study said on Tuesday.

WinZO to deploy $50 million in global gaming ecosystem

WinZO to deploy $50 million in global gaming ecosystem

Tue, Mar 21, 2023

Gaming startup WinZO plans to invest $50 million (about Rs 410 crore), in the global gaming ecosystem as part of its flagship Game Developer Fund, the company said on Monday.

India Post turbocharges small businesses' export game in UP

India Post turbocharges small businesses' export game in UP

Mon, Mar 20, 2023

Dak Niryat Kendras (DNK) set up by India Post in major cities across Uttar Pradesh are helping small businesses to export their products to markets abroad, helping them save money, and also obviating the need for middlemen.

Startup failure gradually reducing in India; more awareness needed: STPI DG

Startup failure gradually reducing in India; more awareness needed: STPI DG

Sat, Mar 18, 2023

Arvind Kumar said awareness campaign is very much required amongst the youth about startups. “I go to a number of engineering colleges, they don't know anything about startups, they don't know about STPI, they don't know anything about what the country and government is doing,” he commented.

92,683 entities recognised as startups by Govt as on Feb 28

92,683 entities recognised as startups by Govt as on Feb 28

Thu, Mar 16, 2023

As many as 92,683 entities have been recognised as startups by the Ministry of Commerce and Industry as on February 28 this year, Parliament was informed on Wednesday.

Deals plunge by 60% to USD 1.8 bn in Feb

Deals plunge by 60% to USD 1.8 bn in Feb

Wed, Mar 15, 2023

The deepening funding winter that the startups face and the near dry-up of IPOs singed the deal street as the total value of deals plunged by 60 per cent to USD 1.8 billion in February, shows an analysis.

SVB crisis: Will cockroach startups take a hit?

SVB crisis: Will cockroach startups take a hit?

Mon, Mar 13, 2023

The collapse of Silicon Valley Bank, the largest vendor in the startup ecosystem, has triggered talks whether it will have an adverse impact on the Indian startup scenario. Experts are hopeful that the prevailing situation will not inject a lot of uncertainty in the sector and Indian startups will not take big hit.

Indian startups with US operations may face Silicon Valley Bank crisis heat; know what experts say

Indian startups with US operations may face Silicon Valley Bank crisis heat; know what experts say

Sun, Mar 12, 2023

SVB was deeply-entrenched in the tech startup ecosystem and the default bank for many high-flying startups; its abrupt fall marked one of the largest bank failures since the 2008 global financial crisis.

Co-living operator Settl revenue to jump 3-fold to Rs 20 cr in FY23

Co-living operator Settl revenue to jump 3-fold to Rs 20 cr in FY23

Fri, Mar 10, 2023

Co-living startup Settl revenue is set to jump three-fold to around Rs 20 crore this fiscal and is looking to raise USD 2 million (about Rs 16.40 crore) to expand business, its Co-Founder Abhishek Tripathi said.

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