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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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Will secure funding for women start-ups, entrepreneurs to strengthen their increasing numbers: KSUM

Will secure funding for women start-ups, entrepreneurs to strengthen their increasing numbers: KSUM

Thu, Mar 09, 2023

To further strengthen the number of women start-ups and entrepreneurs, which are on the rise in Kerala, KSUM has said it was aiming to secure more investor funding for thousands of others like them through various innovation programmes.

Agritech firm DeHaat's FY23 revenue set to rise by over 80% to Rs 2,300 crore

Agritech firm DeHaat's FY23 revenue set to rise by over 80% to Rs 2,300 crore

Mon, Mar 06, 2023

Agritech startup DeHaat's revenue is likely to grow by over 80 per cent this fiscal to around Rs 2,300 crore on better sales of farm inputs to farmers and trading of agriculture produces in domestic and overseas markets, its CEO Shashank Kumar said.

Focusing on revenues while neglecting profits to grow startup valuations akin to ponzi scheme: Narayana Murthy

Focusing on revenues while neglecting profits to grow startup valuations akin to ponzi scheme: Narayana Murthy

Fri, Mar 03, 2023

Infosys co-founder N R Narayana Murthy on Thursday compared the focus on revenues without giving adequate attention to the bottom lines, and the valuation jumps of startups thereof, to a "Ponzi scheme".

Rupala to inaugurate startup conclave for livestock & dairy sectors on Tuesday

Rupala to inaugurate startup conclave for livestock & dairy sectors on Tuesday

Tue, Feb 28, 2023

Union Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala will inaugurate a grand startup conclave to be held on Tuesday in Hyderabad.

GoMechanic announces turnaround in core business in January

GoMechanic announces turnaround in core business in January

Sat, Feb 25, 2023

The company, which admitted to errors in financial reporting last month, said it serviced 30,000 vehicles last month, which is 70 per cent of the peak sales it achieved in July 2022.

UP govt makes provisions in budget to promote startups

UP govt makes provisions in budget to promote startups

Thu, Feb 23, 2023

The Uttar Pradesh government has made provisions in the budget presented on Wednesday to promote startups in the state, an official statement said.

IT startup Scrut Automation raises $7.5 million in funding round

IT startup Scrut Automation raises $7.5 million in funding round

Wed, Feb 22, 2023

IT startup Scrut Automation, which specialises in Governance, Risk and Compliance (GRC) automation, has raised USD 7.5 million in a funding round led by MassMutual Ventures, a top company official said on Tuesday.

Presumptive taxation: How it is beneficial for small business?

Presumptive taxation: How it is beneficial for small business?

Tue, Feb 21, 2023

The government in the budget 2023 extended the limit for presumptive tax for small businesses from Rs 2 crore to Rs 3 crore and for individual professionals from Rs 50 lakhs to Rs 75 lakhs. Anup Bansal, Chief Business Officer, Scripbox, said that the new limit will be applicable from the new financial year

Fintech startup Esopdhan eyes Rs 500 crore loan book to fund ESOP buys

Fintech startup Esopdhan eyes Rs 500 crore loan book to fund ESOP buys

Mon, Feb 20, 2023

Financial services startup ESOPDhan on Sunday said it is aiming at a Rs 500 crore loan book by 2025, helping many more people buy stock options being offered by their employers.

Bengaluru-based EV bus startup FreshBus raises Rs 26 crore

Bengaluru-based EV bus startup FreshBus raises Rs 26 crore

Fri, Feb 17, 2023

Bengaluru-based EV bus startup FreshBus on Thursday said it has raised Rs 26 crore in a funding round from travel tech platform ixigo.

Solar-powered drone designed for surveillance operations unveiled at Aero India

Solar-powered drone designed for surveillance operations unveiled at Aero India

Thu, Feb 16, 2023

Aero India 2023: Drone startup Garuda Aerospace on Wednesday unveiled its Solar-powered drone "SURAJ", designed specifically for surveillance operations, at Aero India.

Garuda Aerospace raises $22 mn, largest funding in Indian drone sector

Garuda Aerospace raises $22 mn, largest funding in Indian drone sector

Tue, Feb 14, 2023

Venture capital firm SphitiCap invested $12 mn along with participation from other global investors, angel investors and high networth individuals (HNIs) at $5 million.

Tips to be mindful of while starting entrepreneurial e-commerce journey

Tips to be mindful of while starting entrepreneurial e-commerce journey

Sun, Feb 12, 2023

Deepak Jain, founder, The Fragrance People, said that consumers completely altered their method of buying items during the lockdown, forcing companies to invest aggressively in digital marketing and other growth strategies.

GoDaddy CEO Aman Bhutani lays off 8% of workforce amid challenging macroeconomic conditions

GoDaddy CEO Aman Bhutani lays off 8% of workforce amid challenging macroeconomic conditions

Sat, Feb 11, 2023

In an email to employees, Bhutani said that most impacted roles are in the US, affecting multiple levels in the company and every division.

Simple Energy raises USD 20 mn from investors

Simple Energy raises USD 20 mn from investors

Wed, Feb 08, 2023

Electric vehicle startup Simple Energy on Tuesday announced raising USD 20 million (about Rs 165 crore) from a clutch of investors as a part of its ongoing Bridge round.

Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

Wed, Feb 01, 2023

PM Vishwa Karma Kaushal Samman - package of assistance for traditional artisans and craftspeople has been conceptualized, will enable them to improve quality, scale and reach of their products, integrating with MSME value chain," Sitharaman said

Inception meeting of Startup20 concludes in Hyderabad

Inception meeting of Startup20 concludes in Hyderabad

Wed, Feb 01, 2023

The inception meeting of Startup20, a new Engagement group initiated under India's G20 presidency, was concluded in Hyderabad, an official statement said on Tuesday.

Budget 2023 Expectation: Will govt hike Rs 6000 assistance under PM-KISAN?

Budget 2023 Expectation: Will govt hike Rs 6000 assistance under PM-KISAN?

Mon, Jan 30, 2023

Budget 2023 Expectation: The government should in this year's Budget enhance cash assistance given to farmers under the PM-KISAN scheme from the current Rs 6,000 per year for purchase of crop inputs, provide tax incentives to agritech startups and cut import duties on agrochemicals, according to industry experts.

Piyush Goyal calls for creation of network of mentors, investors, entrepreneurs to strengthen start-up ecosystem

Piyush Goyal calls for creation of network of mentors, investors, entrepreneurs to strengthen start-up ecosystem

Sat, Jan 28, 2023

Observing that innovation would be the strongest pillar that would help build a developed India in the 'Amritkaal', Goyal said innovation has been a catalytic force for the economy and social and public good.

Bengal trade body organises startup funding pitch event

Bengal trade body organises startup funding pitch event

Fri, Jan 27, 2023

The Confederation of West Bengal Trade Association (CWBTA) hosted a funding pitch event on Thursday for 97 startups offering solutions to various sectors before 100-odd investors at the Bengal Global Trade Expo.

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