Indian startups

NEW DELHI: The prolonged funding winter has forced Indian startups to leave thousands of employees out in the cold. In the first half of 2023, about 70 startupshave laid off more than 17,000 employees, data sourced from recruitment and…

The funding drought for Indian startups sent growth- and late-stage rounds to zero with venture capital funds specialising in these stages continuing to remain cautious this week.Early stage funds, on the other hand, made small deployments…

Pixxel is an Indian startup working on hyperspectral earth-imaging technology. (Image: Pixxel)Pixxel has won the SPARK grant by iDEX; this will allow it to develop small multi-payload satellites for the Indian Air Force. Indian space…

Enterprise AI software firm o9 Solutions, with its massive raise of $116 million this week, helped correct declining startup funding values in the period from July 15 to July 21.Accordingly, late-stage startups made the bulk of funding…

Startups have an obligation to take the Indian flag to other countries, founder and CEO of Paytm Vijay Shekhar Sharma said on Tuesday. "Right now we have reached the stage in the startup ecosystem where the mature companies should start to…

Funding in Indian startups fell by 36 per cent in January-June to USD 3.8 billion, the lowest half-yearly number in the last four years, as investors are taking longer time in due diligence of every aspect of business, according to a PwC…

The funding landscape for Indian startups continues to remain bleak, with new-age companies managing to raise only $304 million across 19 rounds this week. This is a 29% decline from the same period last year, when investments poured in at…

Union ministers Nirmala Sitharaman and Rajeev Chandrasekhar on Tuesday discussed various issues related to the digital competition law. A panel chaired by Corporate Affairs Secretary Manoj Govil will be preparing a report on digital…

Byju’s founder and chief executive officer Byju Raveendranaddressed employees during a town hall. He said during the town hall that it was important for him to shed light on recent developments, including the resignations of the company's…

BENGALURU: India’s future unicorns are currently worth $57 billion, according to research by Hurun Research Institute. It has identified 147 startups that could turn unicorns soon. Out of these, 30 are headquartered overseas, most of them…