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Edtech platform Physics Wallah's revenue up 3.4x to Rs 798 crore in FY23, expenses grow to Rs 777 crore

Edtech platform Physics Wallah's revenue up 3.4x to Rs 798 crore in FY23, expenses grow to Rs 777 crore

Fri, Dec 29, 2023

Edtech platform Physics Wallah (PW) on Friday reported a total revenue of Rs 798 crore in FY23, up 3.4 times from the previous financial year.

ONDC operational in over 500 cities, towns

ONDC operational in over 500 cities, towns

Wed, Dec 20, 2023

The government-promoted Open Network for Digital Commerce (ONDC) is at present operational in over 500 cities and towns across India, Parliament was informed on Wednesday.

We Founder Circle's GIFT City Fund raises $10 million, plans to raise $50 million

We Founder Circle's GIFT City Fund raises $10 million, plans to raise $50 million

Tue, Dec 19, 2023

Early-stage startup investment platform We Founder Circle on Tuesday said its GIFT City Fund has raised $10 million and onboarded 250+ investors, with plans to raise $50 million.

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GenAI startups defy funding winter, raise record $10 billion in 2023

GenAI startups defy funding winter, raise record $10 billion in 2023

Mon, Dec 11, 2023

Generative AI (GenAI) startups raised $10 billion in venture capital globally in 2023, a huge 110 per cent rise compared to 2021, a new report showed on Monday.

Homegrown fintech startup ZestMoney to shut down

Homegrown fintech startup ZestMoney to shut down

Wed, Dec 06, 2023

Homegrown digital EMI financing platform ZestMoney, backed by Goldman Sachs, is shutting down operations after several unsuccessful attempts to find a buyer, media reported on Wednesday.

Bike-taxi startup Rapido enters cab biz with intra-city mobility solution

Bike-taxi startup Rapido enters cab biz with intra-city mobility solution

Tue, Dec 05, 2023

Bike-taxi startup Rapido on Tuesday announced its strategic entry into the cab business, with launching an intra-city, SaaS-based mobility solution with Rapido Cabs.

BharatPe turns EBITDA positive; clocks October 2023 as the first profitable month

BharatPe turns EBITDA positive; clocks October 2023 as the first profitable month

Tue, Nov 28, 2023

Fintech unicorn BharatPe on Tuesday announced that it has turned EBITDA positive in October with annualised revenue crossing Rs 1,500 crore.

BYJU'S appoints Jiny Thattil as Chief Technology Officer

BYJU'S appoints Jiny Thattil as Chief Technology Officer

Mon, Nov 27, 2023

Edtech firm BYJU'S on Monday said it has appointed senior vice president for engineering Jiny Thattil as its Chief Technology Officer.

Bakingo raises USD 16 million from Faering Capital

Bakingo raises USD 16 million from Faering Capital

Mon, Nov 13, 2023

Online bakery product seller Bakingo on Monday said it has raised its first-ever round of growth capital of USD 16 million (over Rs 130 crore) from private equity firm Faering Capital.

Jammu startup to launch 'Zool Energy' to replace fuel-based gensets

Jammu startup to launch 'Zool Energy' to replace fuel-based gensets

Wed, Nov 08, 2023

A Jammu-based startup has come up with an ideal solution to the use of fuel-based generator sets and inverters causing pollution and is set to launch a non-fuel-based 'Zool Energy' product run on solar, wind, and hydro support in Jammu this month.

Bike taxi startup Rapido to expand into the cab market

Bike taxi startup Rapido to expand into the cab market

Fri, Oct 27, 2023

Eight-year-old homegrown bike taxi startup Rapido is expanding into the cab market to rival Uber and Ola, media report said on Friday.

Fintech firm Groww's revenue surges 266% in FY23, turns profitable

Fintech firm Groww's revenue surges 266% in FY23, turns profitable

Wed, Oct 25, 2023

Bengaluru-based fintech startup Groww has turned profitable as it registered Rs 1,277 crore in revenue in FY23, a huge 266 per cent surge.

Nasscom selects 26 Indian startups to unlock generative AI potential

Nasscom selects 26 Indian startups to unlock generative AI potential

Thu, Oct 19, 2023

To empower domestic tech startups in the artificial intelligence (AI) domain, IT industry's apex body Nasscom on Thursday announced the selection of 26 startups for its inaugural 'Generative AI Foundry' programme.

US-based Invesco raises Swiggy's valuation to $7.8 billion

US-based Invesco raises Swiggy's valuation to $7.8 billion

Tue, Oct 17, 2023

In some cheers for Swiggy that is facing tough competition from Zomato, US-based investment company Invesco has increased the food delivery platform's valuation to about $7.85 billion, the media reported on Tuesday.

Aakash Chaudhry likely to return as CEO of Byju's-owned Aakash Educational Services

Aakash Chaudhry likely to return as CEO of Byju's-owned Aakash Educational Services

Tue, Oct 17, 2023

In some cheers for edtech unicorn Byju's which is facing a myriad of issues, Aakash Chaudhry is reportedly set to return as CEO of Aakash Educational Services that Byju's acquired in April 2021.

After 19-months delay, Byju's to finally file FY22 results this week

After 19-months delay, Byju's to finally file FY22 results this week

Tue, Oct 17, 2023

After a delay of more than 19 months, edtech major Byju's on Monday said it is expected to announce its financial results for FY22 by the end of this week.

SUN Mobility partners Bluwheelz to deploy over 16,000 EVs in 1 year

SUN Mobility partners Bluwheelz to deploy over 16,000 EVs in 1 year

Thu, Oct 12, 2023

Battery-swapping solutions provider SUN Mobility on Thursday said it has partnered with electric vehicle fleet operator Bluwheelz to deploy over 16,000 EVs in the next 12 months.

Hyperlocal e-commerce firm magicpin partners NCCF, ONDC to sell essential groceries at low price in Delhi-NCR

Hyperlocal e-commerce firm magicpin partners NCCF, ONDC to sell essential groceries at low price in Delhi-NCR

Fri, Sep 29, 2023

Hyperlocal e-commerce firm magicpin has partnered with government-backed NCCF to sell groceries, including onions and pulses, through the Open Network for Digital Commerce at low price, the company said on Friday.

128 startup founders urge TRAI not to impose telecom licensing on OTT platforms

128 startup founders urge TRAI not to impose telecom licensing on OTT platforms

Tue, Sep 26, 2023

At least 128 startup founders have urged the TRAI to rethink any move towards over-regulation of internet services being described as OTT services, which may have discriminatory consequences.

WeWork India rejigs senior leadership to boost market presence

WeWork India rejigs senior leadership to boost market presence

Tue, Sep 26, 2023

Flexible workspace provider WeWork India on Tuesday announced the appointment of two senior leaders to its executive leadership team.

Amazon to invest up to $4 billion in AI startup Anthropic in GenAI era

Amazon to invest up to $4 billion in AI startup Anthropic in GenAI era

Mon, Sep 25, 2023

Amazon on Monday said it will invest up to $4 billion in artificial intelligence (AI) startup Anthropic with a minority ownership position in the company, as competition grows in the growing generative AI market ruled by OpenAI's ChatGPT.

Razorpay acquires digital invoicing startup BillMe

Razorpay acquires digital invoicing startup BillMe

Wed, Sep 13, 2023

Fintech platform Razorpay on Tuesday said it has acquired Mumbai-based digital invoicing and customer engagement startup BillMe.

Hygiene and wellness brand Pee Safe raises $3 million led by Natco Pharma Ltd, Rainmatter Health

Tue, Sep 12, 2023

The round was led by pharmaceutical company Natco Pharma Ltd and Rainmatter Health, supported by Zerodha founders Nithin Kamath and Nikhil Kamath.

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