Startups: News
19 Jan 2025
Bengaluru'Shunya' air taxi, with 30km range, goes official in India
Bengaluru-based aerospace start-up Sarla Aviation has unveiled its futuristic air taxi prototype 'Shunya.'
18 Jan 2025
RapidoRapido plans to expand services across 500 Indian cities
Mobility start-up Rapido, which is backed by WestBridge, has announced an ambitious expansion plan to extend its services across 500 cities in India.
17 Jan 2025
Government of IndiaGreen is the new gold: Financing India's eco-startups
India is currently experiencing a wave of eco-innovation. Startups across the country are harnessing the power of green technology to tackle pressing environmental issues.
17 Jan 2025
IndiaSeven Indian space start-ups selected for Indo-US defense program: Report
Seven Indian start-ups have been selected for a first-of-its-kind India-US space and defence collaboration program, reported Reuters, citing people familiar with the sources.
16 Jan 2025
FlipkartNational Start-up Day 2025: These are India's top 10 unicorns
On January 16, India observes National Start-up Day, a day dedicated to recognizing the innovation and creativity that drives the growth of start-ups across the country.
16 Jan 2025
BusinessTexas start-up—on a mission to bring back extinct animals—raises $200M
Colossal Biosciences, a leader in the emerging field of de-extinction, has raised $200 million in a Series C funding round.
16 Jan 2025
AmazonAmazon acquires Indian fintech firm Axio to expand credit services
Amazon has announced its acquisition of Axio, an Indian 'buy now pay later' start-up.
15 Jan 2025
Space NewsMeet 'Firefly': India's 1st private earth imaging satellite constellation
Bengaluru-based space start-up Pixxel has launched India's first private earth imaging satellite constellation.
15 Jan 2025
NVIDIANVIDIA invests in start-up that creates digital twins using AI
NVIDIA, the global leader in artificial intelligence (AI) chips, has invested in MetAI, a Taiwanese start-up focused on AI-powered digital twins.
14 Jan 2025
Initial Public Offering (IPO)Urban Company to file papers for ₹3,000cr IPO by March
Urban Company, a top home services start-up, is gearing up to file draft papers for a ₹3,000 crore initial public offering (IPO).
13 Jan 2025
BengaluruIndian fintech start-ups raised $1.9B in 2024, down 32% YoY
Indian fintech start-ups raised a total of $1.9 billion in funding last year, according to Tracxn's annual Fintech Report.
11 Jan 2025
IndiaPerplexity AI plans expansion in India, announces new hiring initiative
Perplexity AI, an artificial intelligence (AI)-powered search start-up, is gearing up to expand its presence in India.
09 Jan 2025
KeralaBeyond Snack—backed by Ashneer Grover and Aman Gupta—raises $8.3M
Beyond Snack, a leading snacking brand out of Kerala, has raised $8.3 million in a Series A funding round.
09 Jan 2025
BusinessEV ride-hailing start-up BluSmart to raise $50M at $335M valuation
Leading electric vehicle ride-hailing platform BluSmart is on course to raise $50 million in its latest funding round.
06 Jan 2025
Consumer Electronics Show (CES)CES 2025: This solar-powered EV prototype promises 644km of range
Once a defunct start-up, Aptera has unveiled a new "production-intent" solar-powered electric vehicle (EV) at CES 2025.
05 Jan 2025
Reliance RetailWhy Reliance Retail wrote off its $200M investment in Dunzo
Reliance Retail, the biggest backer of hyperlocal delivery start-up Dunzo, has written off its $200 million investment.
04 Jan 2025
United States of AmericaThis Indian-origin CEO is world's highest-paid employee, earns ₹48cr daily
Jagdeep Singh, the founder and former CEO of US-based QuantumScape, has been named the world's highest-paid employee.
03 Jan 2025
Hindustan Unilever LimitedHUL in talks to acquire skincare start-up Minimalist for ₹3,000cr
Hindustan Unilever (HUL) is said to be in advanced talks to acquire the direct-to-consumer skincare start-up, Minimalist.
03 Jan 2025
Initial Public Offering (IPO)Meet 7 new billionaires minted by India's 2024 IPO surge
India saw an unprecedented IPO boom in 2024, raising a staggering ₹1.66 lakh crore. This is nearly three times the amount raised last year.
02 Jan 2025
LifestyleStartup growth accelerates with India's tax-Friendly policies
India's startup ecosystem is on fire, with government-backed initiatives lighting the way for entrepreneurs to innovate and thrive.
01 Jan 2025
FlipkartSwiggy and Flipkart-backer Accel raises $650M for 8th India-focused fund
Accel, a top global investment firm, has raised $650 million for its eighth India-focused fund.
27 Dec 2024
BusinessNazara increases stake in subsidiary Absolute Sports with ₹73cr investment
Leading gaming platform company Nazara Technologies has announced that it has acquired an additional 10.26% stake in its subsidiary Absolute Sports.
26 Dec 2024
BusinessOnce a unicorn, PharmEasy is now valued at just $450M
PharmEasy, one of the leading Indian online pharmacies, has witnessed a major drop in its valuation.
26 Dec 2024
EmploymentIndian start-ups have created 1.6M jobs, says government
The Department for Promotion of Industry and Internal Trade (DPIIT) revealed that start-ups in India have created more than 1.6 million jobs.
23 Dec 2024
Deepinder GoyalIndia'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
BusinessEpigamia 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
BusinessStart-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.).
19 Dec 2024
Artificial Intelligence and Machine LearningPerplexity'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
GurugramMeet 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 AggarwalWill 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
BusinessStart-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 GoyalDeepinder 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
India70% 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
AmazonAmazon 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 NewsYesMadam 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.
26 Nov 2024
Artificial Intelligence and Machine LearningHyderabad-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 GlobalAfter 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.
13 Nov 2024
Artificial Intelligence and Machine LearningStart-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.
08 Nov 2024
Artificial Intelligence and Machine LearningMistral 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 MuskElon 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
OpenAISierra, 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.
25 Oct 2024
Artificial Intelligence and Machine LearningAI 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.
23 Oct 2024
Artificial Intelligence and Machine LearningThis 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 GoyalMeet '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
AmazonGenerative 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 BezosPerplexity 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
OpenAIEx-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
EdTechEd-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
BusinessZerodha 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 BezosStop 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
BengaluruLicious 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
AmazonGood 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 ElectricRatan 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
IndiaIndian 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
WorkplaceNo 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 VehiclesBluSmart 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.
07 Oct 2024
Tata Consultancy Services (TCS)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 TataRatan 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 MadrasIIT 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
FinanceCurefoods 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
EdTechEdtech 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 PantRishabh 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-commerceIndia'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 GoyalModi 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
BusinessNazara 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
NASAThis 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
GoogleGoogle 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.
11 Sep 2024
Initial Public Offering (IPO)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
FinanceHome 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 VehiclesUK 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
AustinUS 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.
06 Sep 2024
Artificial Intelligence and Machine LearningMeet 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
FintechIndia'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 Media25-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
BengaluruReliance, 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.
