Startups: News
Space start-up seeks ₹50cr funding, projects ₹100cr revenue next fiscal
SpaceZone India, a Chennai-based space technology start-up, launched its first reusable hybrid rocket, Rhumi-1 last month.
Start-up co-founder makes credit card public; this happened next
Rahul Krishnan, the co-founder of sexual wellness start-up Bold Care, recently shared his credit card details on X.
Billionaire Nithin Kamath backs start-up democratizing access to solar energy
Billionaire Nithin Kamath, the co-founder of Zerodha, has announced an investment in SundayGrids, a Bengaluru-based start-up focused on addressing India's solar power harvesting challenges.
Meesho taps Meta veteran Mohit Rajani to lead product division
Indian e-commerce start-up, Meesho, has appointed former Meta executive Mohit Rajani as its new Chief Product Officer (CPO).
India becomes leading hub for drone start-ups, outpacing UK, China
India has surpassed the UK and China as a preferred destination for drone start-ups, according to a recent analysis by Moneycontrol.
San Francisco remains top choice for AI start-ups in 2024
San Francisco continues to be a magnet for artificial intelligence (AI) start-ups in 2024, attracting both local and international founders.
TPG to invest $150M in Indian edtech start-up Eruditus
Eruditus, an Indian edtech start-up, is reportedly on the verge of securing a significant investment from TPG, a major private equity player.
Zydus Lifesciences to acquire 50% stake in Sterling Biotech
Zydus Lifesciences has announced its intention to acquire a 50% stake in Sterling Biotech.
Parth Jindal invests in PadelPark India to boost padel sports
PadelPark India, the country's leading platform for the sport of padel, has raised an undisclosed amount from a clutch of investors, including Parth Jindal.
Chinese start-ups challenging Meta's Ray-Ban smart glasses with affordable alternatives
Chinese technology companies are making significant strides in the smart glasses market, following the success of Meta's Ray-Ban smart glasses.
$100M start-up shuts shop with $250K fire sale
LogiNext Solutions, a logistics software-as-a-service (SaaS) start-up based in Mumbai and New Jersey, has undergone a dramatic shift in its operations.
Did Google censor Eric Schmidt? Ex-CEO's controversial video suddenly disappears
A video featuring Google's former CEO Eric Schmidt criticizing the tech giant's remote work policy, has disappeared.
Sachin Tendulkar launching sports athleisure brand to take on Nike
Cricket legend Sachin Tendulkar is launching a sports athleisure brand.
Freshworks boss bats for founders taking money in secondary sale
Girish Mathrubootham, the founder and Executive Chairman of Freshworks, has endorsed the idea of start-ups founders participating in secondary share sales.
Palmer Luckey's start-up raises $1.5B in year's largest funding round
Anduril, a prominent defense tech start-up by Palmer Luckey, the billionaire behind Oculus VR, has successfully raised $1.5 billion in a recent funding round.
UK space start-up plans to sell astronomy data via subscription
Blue Skies Space, a UK-based start-up, has revealed plans to launch its inaugural satellite named Mauve.
ShareChat raises $16 million while axing 5% of its workforce
ShareChat, a social media platform backed by Google and Temasek, has secured $16 million in funding while simultaneously reducing its workforce by approximately 5%.
This start-up can build travel itineraries from screenshots, YouTube videos
AI-driven travel agent start-up, Mindtrip, has introduced a feature that transforms online content into detailed travel itineraries.
Pocket FM using AI to turn scripts into audio content
Pocket FM, a prominent audio-streaming platform in India, has partnered with ElevenLabs, an American AI start-up specializing in text-to-speech technology.
Kriti Sanon-backed skincare brand eyeing ₹500cr revenue by 2027
Hyphen, a skincare brand co-founded by PEP Technologies and Bollywood actor Kriti Sanon, has completed its first year of operations with a revenue of ₹100 crore.
Rapido joins India's unicorn club after fresh $120 million funding
Rapido, an Indian ride-hailing platform, has achieved unicorn status after securing $120 million in fresh capital.
This Google-funded start-up allegedly stole YouTube videos for AI training
Runway, an AI start-up backed by Google, is facing accusations of using pirated content and unauthorized YouTube videos to train its Gen-3 Alpha video generation tool.
'Rich brats fighting online': All about Silicon Valley's latest fued
David Sacks, a prominent venture capitalist, and Parker Conrad, founder of Rippling, have reignited a decade-old feud on social media platform X.
Once worth $1B, this company now struggles to pay fine
Once valued at over $1 billion, video-sharing platform Cameo is now grappling with financial difficulties and is unable to pay a $600,000 fine.
Budget 2024 abolishes 'Angel tax' in India: Why it matters
In a major move for the Indian startup ecosystem, Finance Minister Nirmala Sitharaman has announced the complete abolishment of Angel tax.
How this couple's app idea turned into a ₹400cr deal
Anupam and Anshu Dhanuka, the husband-and-wife duo behind the popular children's learning app Kiddopia, are set for a windfall.
Google to make huge investment in this Indian AI company
Google is spearheading a funding round for AI-powered Indian software company Glance InMobi Pte, which could make it raise up to $250 million in the coming weeks, according to Bloomberg.
'Godmother of AI' Fei-Fei Li launches billion-dollar startup
Fei-Fei Li, a distinguished computer scientist often dubbed as the "godmother of AI," has established an AI startup named World Labs.
How Anthropic's new $100 million fund will boost AI-focused start-ups
AI start-up Anthropic, and Silicon Valley venture capital firm Menlo Ventures, have announced a partnership to establish a $100 million initiative named "the Anthology Fund."
These start-ups will conduct stratospheric balloon rides for space tourism
Three start-ups are set to revolutionize space tourism by offering stratospheric balloon rides.
Rabbit r1 secretly stored user data that cannot be deleted
Rabbit, the start-up responsible for the r1 device, has recently disclosed that its AI assistant has been clandestinely storing user chats that cannot be deleted.
Google backs Uber-rival Namma Yatri in $11 million funding round
Moving Tech Innovations Ltd, the Bengaluru-based company that operates community-led mobility apps including Namma Yatri, has secured $11 million in a pre-Series A funding round.
MS Dhoni invests in EV ride-hailing startup BluSmart
Mahendra Singh Dhoni, ex-skipper of the Indian cricket team, has invested in BluSmart, a Gurugram-based startup offering ride-hailing services exclusively with electric vehicles (EVs).
Bengaluru start-up developing 'expandable space habitat': Know its significance
Akashalabdhi, a Bengaluru-based start-up, is developing an "expandable space habitat" to support India's burgeoning space ambitions.
Biryani boom: Popular chain secures $2M funding for expansion
Mumbai-based restaurant chain, House of Biryan, has successfully secured $2 million in funding to expand its outlets.
Next-gen Wi-Fi can read the room (and who's in it)
Dutch start-up Gamgee has developed a new system that uses Wi-Fi networks, to detect the presence of physical intruders.
IAF to use Pixxel's satellites for border vigilance by 2025
The Indian Air Force (IAF) has contracted Bengaluru-based space start-up Pixxel to enhance its border surveillance capabilities.
Pay our ₹2.3cr dues or shut shop: Ex-staff to BYJU'S
Over 60 former employees of edtech firm BYJU'S, have threatened to initiate insolvency and bankruptcy proceedings against the company, over unpaid salaries.
Ugandan entrepreneur launches artificial hair made of bananas
Ugandan businesswoman Juliet Tumusiime has initiated a unique enterprise, Cheveux Organique, which manufactures hair extensions from banana fibers.
Why India's alternative to X, Koo is shutting down
Indian social media platform, Koo, has declared its closure following unsuccessful acquisition discussions with internet media start-up Dailyhunt.