Unicorns

Demand in rural India is buried under issues like inflation, unemployment and low wages that need immediate attention : Modis Bharat Is In Economic Distress, Can He Fix It Before 2024 Elections?

Zomato Planning Multiple-CEO Structure, Founder Deepinder Goyal Informs Employees

BY Outlook Business Desk

During the quarter under review, the companys total income rose to Rs 1,582 crore against Rs 916.6 crore in the corresponding period of last year : Zomato Net Loss Halves To Rs 186 Crore In April-June Quarter

Zomato Net Loss Halves To Rs 186 Crore In April-June Quarter

BY Startup Team

Singularity Growth Opportunities Fund and SWC Global led the funding round, which saw participation from existing investors like India Quotient, Blume Ventures, and IAN Fund : WebEngage Raises $20 Million In Series B

Ronnie Screwvala’s upGrad acquires Noida-based Exampur

BY Vinita Bhatia

The edtech platform, which offers test-prep for government jobs, reportedly has over 12 million subscriber base : Ronnie Screwvala’s upGrad acquires Noida-based Exampur

After Ashneer Grover And Satyam Nathani, Bhavik Koladiya Is The Latest High-Profile Exit From BharatPe

BY Outlook Start-Up Desk

Chris Saccas Lowercarbon Capital led the funding round, which saw the participation of Toyota Ventures : EV Startup River Raises $11 Million In Series A Round

After Firing Over 600 Employees In May, Vedantu Lays Off Another 100

BY Vinita Bhatia

This is the third time the Bengaluru-based edtech unicorn laid off employees since May 2022 : After Firing Over 600 Employees In May, Vedantu Lays Off Another 100

Zomato Has The Last Laugh After Uber Offloads 7.8 Per Cent Stake

BY Vinita Bhatia

The food delivery platforms consolidated revenue from operations rose 67.44 per cent year-on-year to touch Rs 1,413.90 crore in the April to June 2022 quarter : Zomato Has The Last Laugh After Uber Offloads 7.8 Per Cent Stake

No can do, Zomato to EY's lowered valuation following Blinkit acquisition

BY Vinita Bhatia

Advertisement

The food delivery platform said that EYs initial share price valuation at Rs 70.76 was in absolute and complete compliance with all provisions of applicable laws : No can do, Zomato to EYs lowered valuation following Blinkit acquisition

After Vedantu, edtech LEAD lays off over 80 staffers

BY Outlook Start-Up Desk

The Mumbai-based start-up joined the unicorn club this year after raising $100 million in a funding round led by WestBridge Capital : After Vedantu, edtech LEAD lays off over 80 staffers

Ex-SBI Cards executive Nalin Negi joins BharatPe as CFO

BY Outlook Start-Up Desk

Falguni Nayar-led Nykaa to acquire Little Black Book

BY Outlook Start-Up Desk

Existing investors like Elevation Capital, Matrix Partners, Whiteboard Capital, and GTM Ventures also participated in the financing round : Dezerv raises $20 million in Series A funding round led by Accel

upGrad raises $210 million in a round led by ETS Global, Bodhi Tree

BY Outlook Start-Up Desk

Biological E. Limited, Alkem, NATCO and Kemwell Biopharmas promoters, Anurag and Karan Bagaria led the funding round : Eyestem raises $6.4 million in Series A funding

IPO-bound Lenskart Bags $12.5 million From Ravi Modi Family Trust

BY Vinita Bhatia

The Peyush Bansal-led omnichannel eyewear retailer had earlier raised $100 million in an investment round from Alpha Wave Ventures : IPO-bound Lenskart Bags $12.5 million From Ravi Modi Family Trust

Zepto’s monthly rider retention is 7 per cent higher than other quick commerce companies, says CEO Aadit Palicha

BY Pallavi Chakravorty

Besides classifying digital lenders into three categories, the guidelines specify how financial companies should disclose all-inclusive costs of borrowers and take their explicit permission before gathering data : Stick To Your Lane, RBI Directs Digital Lenders While Releasing Regulatory Framework

Spoton integration, Shopee exit drag down Delhivery's profit in Q1 2022

BY Vinita Bhatia

Advertisement

The report by Chiratae Ventures and Ernst & Young also stated that it expects the industry to have $1 trillion in assets under management by 2030 : India’s fintech sector to touch $200 billion in revenue by 2030

IIAS questions remunerations for Paytm founder Vijay Shekhar Sharma, CFO Madhur Deoraremunerations

BY Vinita Bhatia

The Railway Minister tweeted that these start-ups shared their ideas to solve 11 problems that the Railways are facing : StartUps for Railways initiative receives 297 proposals: Minister Ashwini Vaishnaw

Reena Chhabra, CEO of Nykaa beauty private label, resigns

BY Outlook Start-Up Desk

Union Minister Dr Jitendra Singh said India is home to almost 75,000 start-ups, of which 49 per cent are from tier-2 and tier-3 cities : India ranks 3rd globally in Start-Up ecosystem and number of Unicorns: Dr Jitendra Singh

Ola Electric's car debut in 2024 pits it against Tata Motors, Hyundai, Mahindra and Mahindra, MG Motors

BY Vinita Bhatia

Founders Ronnie Screwvala and Mayank Kumar also invested $12.5 million in this round to maintain their over 50 per cent ownership in the edtech : upGrad Completes Investment Round of $210 Million

upGrad Appoints Myleeta Aga Williams as CEO-International

BY Outlook Start-Up Desk

The Pune-based fintech last raised investment in October 2020 as part of its Series C financing round : EarlySalary set to raise around $100 million in latest funding round

Zomato-backed Shiprocket is the latest entrant to India's unicorn club

BY Outlook Start-Up Desk

Surge 07 comprises 37 founders across 15 start-ups leveraging technology and consumer insights to drive innovation : One-third of start-ups in Sequoia Surges seventh cohort have at least one female founder

Travel portals and hotels are mutually dependent, says Nishant Pitti, CEO and co-founder, EaseMyTrip

BY Vinita Bhatia

It issued 50,27,273 Compulsorily Convertible Preference Shares to Lathe Investment Pte Ltd, giving it 25 per cent equity in Hector Beverages : Paper Boat raises $50 million from GIC Special Investments

BrightCHAMPS acquires English-learning platform Schola

BY Outlook Start-Up Desk

Advertisement

Moreover, Zomato Edition Black credit card users, who get 5 per cent cashback at F&B establishments currently, will get only 1 per cent cashback from September : Zomato suspends Pro membership programme, users cry foul

Sanjeev Bikhchandani reappointed as Zomato's non-executive director

BY Outlook Start-Up Desk

The EV company plans to bolster production, tap in new investors in fresh funding round : Ather Energy Looks At Expansion, Gears Up For Another Fund Raise: Report

Meesho Ropes In Ranveer Singh, Deepika Padukone Amongst Others To Push Five-Day Mega Sale

BY Press Trust Of India

The big tech companies such as Meta, Google, Microsoft, Amazon, and Netflix amongst others met the parliamentary panel on August 23 amidst the allegations of anti-competitive behavior : Meta Tells Parliamentary Panel ‘Enacting’ Gatekeeper Norms Will Have Chilling Effect On Start-Ups: Report

Edtech Unicorn Unacademy Acquires Gate Academy For An Undisclosed Amount

BY Outlook Start-Up Desk

The proposed combination relates to the acquisition of 100 per cent of the equity share capital of India Ideas Ltd (IIL) by PayU India : CCI Approves PayU Payments Acquisition Of BillDesk

Existing players don’t have any advantage over us, says Shiprocket CEO Saahil Goel

BY Pallavi Chakravorty

The advisory board will offer guidance leveraging their expertise in the fields of agriculture, supply chain design, public policy, finance, ecosystem building and technology : Ninjacart ropes in former agriculture, IT secretaries, Nabard chairman in advisory board

Tata 1 mg Turns Unicorn After Raising $40 Million

BY Outlook Start-Up Desk

If companies can afford to have team work remotely or through small satellite offices, I think they should nudge teams to work out of small towns & cities. This way, the company can play a part in problem-solving, says Kamath : ‘Real Solution Is To Have Many Smaller Cities With Their Own Economies,’ Says Nithin Kamath Amidst Bengaluru Flood

India Has 100 Unicorns With A Value At $250 Billion: Nirmala Sitharaman

BY Press Trust Of India

The preceding month of July 2022 saw the venture funds investing $4.1 billion, while the same stood at $11.2 billion in August 2021 : Investments By Private Equity Firms, Venture Capitalists All 80% To 19-Month Low In August

81 Start-Ups Lost Their Unicorn Status In The Past Six Months

BY Outlook Start-Up Desk

Advertisement

The Harvard Business School professor and author notes that start-up founders often underestimate the time it takes to prove commercial viability over the creation of the invention itself : Odds Of Building A Successful Business From Scratch Are Less Than 20%, Says Former Medtronic CEO Bill George

Manufacturing Unicorn Zetwerk Eyes $100-$125 MIllion Fund Raise: Report

BY Outlook Start-Up Desk

The business-to-business manufacturing providers startup has held talks with funds resembling Premji Invest, TCV Partners and Catamaran : Manufacturing unicorn Zetwerk Eyes $100-$125 MIllion Fund Raise: Report

Ola Electric Onboards New Members Across Key Positions To Unify Operations

BY Outlook Start-Up Desk

The company has also elevated the position of YS Kim, who is a veteran leader in the industry by expanding his portfolio to head sales, Direct-to-Consumer (D2C), and charging network segments in the company : Ola Electric Onboards New Members Across Key Positions To Unify Operations

Bengaluru-Based Boson Whitewater Selected For Startup Challenge By Housing Ministry

BY Outlook Start-Up Desk

Flipkart, which owns a majority stake in Paytms competitor PhonePe, will host its annual festive season sale between September 23 - 30, 2022 : Paytm Partners With Flipkart For Big Billion Days Sale

Tata 1mg Revenue Surges 66% To Rs 222 Crore In FY22; Net Loss Narrows To Rs 146 Crore

BY Press Trust Of India

load more stories