Startups: News

23 Dec 2024

Deepinder Goyal

India's leading self-made billionaires back Aakash Chaudhry's new edtech venture 

Aakash Chaudhry, the co-founder of Aakash Educational Services Limited (AESL), has managed to raise $4 million (roughly ₹34 crore) for his new online tutoring platform, Sparkl Edventure.

22 Dec 2024

Business

Epigamia co-founder Rohan Mirchandani (41) dies due to heart attack

Rohan Mirchandani, the co-founder of popular Greek yogurt brand Epigamia, has sadly passed away at the age of 41. The news was confirmed by multiple sources to Moneycontrol.

19 Dec 2024

Business

Start-up behind Faasos, Wendy's, and SLAY secures funding from KKR

Rebel Foods, India's leading cloud kitchen start-up, has raised an undisclosed amount of funding from American global investment firm KKR (Kohlberg Kravis Roberts & Co.).

Perplexity's valuation hits $9B as ChatGPT rival secures fresh funding

Perplexity AI, one of the leading players in the artificial intelligence (AI) space, has had its valuation skyrocket to an impressive $9 billion after its latest funding round.

18 Dec 2024

Gurugram

Meet Zing: An app leveraging AI for 10-minute food deliveries

Zing, a new entrant in the fast-paced food delivery segment, has launched its services in Gurugram.

14 Dec 2024

Kajal Aggarwal

Will Smith to join Vishnu Manchu's $50M tech venture: Report

Hollywood actor Will Smith is reportedly in advanced talks to join Tarang Ventures, a new initiative by Telugu actor-producer-educationist Vishnu Manchu, reported Gulte.

12 Dec 2024

Business

Start-up behind 'Faasos' and 'Behrouz Biryani' secures $210 million funding

Rebel Foods, the cloud kitchen start-up behind popular brands such as 'Faasos' and 'Behrouz Biryani,' has raised $210 million in a Series G funding round.

11 Dec 2024

Deepinder Goyal

Deepinder Goyal's 'Shark Tank' exit not linked to Swiggy: Makers

The producers of the popular reality show, Shark Tank India, have finally broken their silence over the raging controversy of Zomato CEO Deepinder Goyal's exit from its fourth season.

11 Dec 2024

India

70% women entrepreneurs face difficulty in attracting talent: CXXO report

A recent study by Kalaari Capital, under its CXXO program, sheds light on the changing face of female entrepreneurship in India.

10 Dec 2024

Amazon

Amazon eyes exports worth $80 billion from India by 2030

Amazon has announced a major expansion of its export commitment from India, promising to enable $80 billion in cumulative exports by 2030.

10 Dec 2024

Layoff News

YesMadam denies firing stressed employees, calls it awareness campaign

Noida-based beauty services start-up YesMadam has denied allegations of firing employees over work-related stress.

Hyderabad-based start-up to launch India's 1st AI lab in space

Hyderabad-based space technology start-up TakeMe2Space is gearing up to launch India's first artificial intelligence (AI) lab in space.

19 Nov 2024

Tiger Global

After 18 months, Tiger Global resumes investments in Indian start-ups

Tiger Global, the once-prolific investor synonymous with mega-deals and rapid unicorn creation, is exhibiting renewed interest in the Indian start-up ecosystem.

Start-up CEO says AI will replace human translators by 2027

Unbabel has launched an AI-driven translation service called Widn.AI. The new product is based on the company's proprietary large language model (LLM), dubbed Tower.

Mistral unveils AI-powered tool to tackle online toxicity

Mistral, an artificial intelligence (AI) start-up, has launched a new application programming interface (API) for content moderation.

30 Oct 2024

Elon Musk

Elon Musk's xAI wants to raise funds at $40B valuation

Elon Musk's artificial intelligence (AI) start-up, xAI, is looking for new funding at a valuation of around $40 billion.

29 Oct 2024

OpenAI

Sierra, AI start-up by OpenAI chair, now valued at $4.5B

Sierra, the AI software start-up, has raised $175 million in its latest round of funding.

29 Oct 2024

Google

'Sugar daddy effect': Why some venture funds succeed, others fail

Aswath Damodaran, a well-known Professor of Finance at New York University's Stern School of Business, has brought the term 'sugar daddy effect' to the financial industry.

AI start-up Perplexity refutes copyright infringement allegations by News Corp

AI start-up Perplexity, famous for its innovative search engine, has responded to a lawsuit filed by News Corp.

This AI-powered messaging app has a 1.5L+ waitlist

Daze, an AI-backed messaging app built exclusively for Generation Z, is taking social media by storm.

21 Oct 2024

Deepinder Goyal

Meet 'Continue': A health and wellness venture by Deepinder Goyal

Deepinder Goyal, the co-founder and CEO of Zomato, has announced a new health and wellness venture called "Continue."

21 Oct 2024

Amazon

Generative AI start-ups attracted $3.9B investments in Q3 2024

Generative artificial intelligence (AI) start-ups have witnessed a massive rise in venture capital (VC) funding.

21 Oct 2024

Jeff Bezos

Perplexity AI seeks $500 million funding at $8B valuation

Perplexity AI, an artificial intelligence (AI) firm backed by Jeff Bezos and NVIDIA, is reportedly in talks to raise around $500 million in a new funding round.

20 Oct 2024

OpenAI

Ex-OpenAI CTO Mira Murati seeks $100M for new AI venture

Mira Murati, the former Chief Technology Officer (CTO) at OpenAI, is looking for over $100 million in funding for her new artificial intelligence (AI) start-up.

18 Oct 2024

EdTech

Ed-tech unicorn Eruditus secures $150M from SoftBank, Chan Zuckerberg Initiative

Mumbai-based edtech unicorn Eruditus, which offers online courses from international universities, has raised another $150 million.

18 Oct 2024

Byju Raveendran

'Came for father's treatment': Byju Raveendran dismisses Dubai relocation rumors

Byju Raveendran, the founder of ed-tech start-up BYJU'S, has denied rumors of his move to Dubai.

16 Oct 2024

Business

Zerodha announces $1M fund to back open-source projects globally 

Zerodha's Chief Technology Officer, Kailash Nadh, has announced the establishment of a $1 million annual fund.

15 Oct 2024

Jeff Bezos

Stop using our content: NYT to Bezos-backed AI start-up Perplexity

The New York Times (NYT) has sent a "cease and desist" notice to Jeff Bezos-backed generative AI start-up Perplexity, the Wall Street Journal reported.

14 Oct 2024

Bengaluru

Licious acquires My Chicken and More to boost offline presence

Temasek-backed meat and seafood start-up, Licious, is all set to acquire Bengaluru-based company My Chicken and More for ₹150-200 crore, as per Moneycontrol.

11 Oct 2024

Amazon

Good Glamm Group puts companies on sale to stay afloat

Backed by Warburg Pincus, beauty and personal care brand conglomerate The Good Glamm Group (GGG) is reportedly looking to sell three of its companies.

10 Oct 2024

Ola Electric

Ratan Tata's impact on India's start-up ecosystem: Founders share experiences

Ratan Tata, former chairman of Tata Sons and a stalwart of India's business landscape, passed away at 86.

08 Oct 2024

India

Indian start-ups raise $10 billion in Q3, down 15% QoQ

Start-ups in India have raised a whopping $10 billion in the third quarter (July-September) of 2024, a report by market intelligence firm 1Lattice has revealed.

08 Oct 2024

Workplace

No work-life balance: Techie works on laptop during own wedding

Casey Mackrell, the co-founder of an artificial intelligence (AI) start-up called Thoughtly, has sparked a fiery online debate about work-life balance.

07 Oct 2024

Electric Vehicles

BluSmart in talks to raise $100M for EV ride-hailing expansion

BluSmart Mobility, a leading name in the electric vehicle (EV) ride-hailing space, is in talks to raise between $80 million and $100 million, according to Moneycontrol.

Tech firms, start-ups resume hiring after months of mass layoffs

After a hiring freeze of 12-18 months, Indian technology companies and start-ups are back on the lookout for talent.

04 Oct 2024

Ratan Tata

Ratan Tata sells 5% stake in start-up, makes 23,000% profit

Ratan Tata, the renowned Indian industrialist, has sold a 5% stake in Mumbai-based stock broking start-up Upstox.

01 Oct 2024

IIT Madras

IIT Madras-backed start-up to develop flying taxi by April 2025

The ePlane Company, a start-up backed by IIT Madras, is all set to roll out its first manned prototype of an electric vertical take-off and landing (e-VTOL) vehicle by April 2025.

25 Sep 2024

Finance

Curefoods seeks $40 million in Series D funding, eyes IPO

Curefoods, a prominent cloud kitchen start-up, is negotiating to secure $40 million in its Series D funding round, as per Moneycontrol.

20 Sep 2024

EdTech

Edtech giant PhysicsWallah raises $210 million at $2.8 billion valuation

PhysicsWallah, a leading edtech company, has successfully secured $210 million in its Series B funding round.

19 Sep 2024

Rishabh Pant

Rishabh Pant invests ₹7.4 crore in SaaS start-up TechJockey

Indian cricketer Rishabh Pant has invested ₹7.40 crore in TechJockey.com, an online software marketplace.

18 Sep 2024

E-commerce

India's start-up ecosystem projected to triple by 2030

India is on the cusp of a significant start-up boom, with projections indicating a 2.6x increase in the number of start-ups by 2030.

16 Sep 2024

Piyush Goyal

Modi government launches BHASKAR, a centralized digital start-up registry

Union Minister Piyush Goyal has launched the Bharat Startup Knowledge Access Registry (BHASKAR).

13 Sep 2024

Business

Nazara Tech buys 47.7% stake in PokerBaazi parent for ₹982cr

Nazara Technologies has made a significant investment of ₹982 crore in Moonshine Technology, the parent company of online poker platform PokerBaazi.

12 Sep 2024

NASA

This is the first Indian start-up to secure NASA contract

Pixxel, a Bengaluru-based space data start-up, has made history by becoming the first Indian company to secure a contract with NASA.

11 Sep 2024

Google

Google to pay $100/ton for capturing its CO2 emissions

Google has entered into a $10 million agreement with Holocene, a rising star in the CO2 removal industry.

InMobi secures $100M to fuel AI growth ahead of IPO

InMobi, a leading Indian adtech startup, has successfully secured $100 million in debt financing. The funding was provided by Mars Growth Capital, a collaboration between MUFG and Liquidity Group.

10 Sep 2024

Finance

Home decor brand Nestasia secures $8.35 million in funding

Nestasia, a leading home decor and lifestyle brand, has successfully raised $8.35 million in a recent funding round.

08 Sep 2024

Electric Vehicles

UK start-up develops heat-resistant solid-state EV battery: Know its significance

Ilika, a UK-based start-up, has developed a prototype solid-state battery called the Goliath P1, which has successfully passed a critical safety test known as the nail penetration test.

06 Sep 2024

Austin

US company revives finger-prick blood testing years after Theranos scandal

Babson Diagnostics, an Austin-based company, has introduced a new type of "finger-prick" blood test to several pharmacies across the city.

Meet Reflection 70B, AI model that can fix its mistakes

HyperWrite, an AI writing start-up led by Matt Shumer, has introduced a groundbreaking large language model (LLM) named Reflection 70B.

03 Sep 2024

Fintech

India's fintech sector to mint 150 unicorns by 2030: Report

India's financial technology (fintech) sector is set to witness a significant surge, with an estimated 150 unicorns emerging by 2030.

03 Sep 2024

Social Media

25-year-old start-up founder ends up in hospital, blames 'hustle culture'

Kritarth Mittal, the 25-year-old founder of the popular app Soshals, has experienced a health crisis due to his unhealthy lifestyle choices.

03 Sep 2024

Bengaluru

Reliance, Google-backed Dunzo lays off 75% of its workforce

Dunzo, the Bengaluru-based online delivery start-up backed by Reliance and Google, has reportedly laid off 75% of its workforce.