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Updated : Nov 12, 2024

Ugaoo secures Rs 47 cr in Series A funding round, plans to open 80 retail stores by 2030

Ugaoo plans to use the funds to expand its presence in the top 10 Indian cities and open 80 retail stores by FY30. The company also aims to diversify its product range by collaborating with international plant suppliers and offering exotic plants and premium care products in India.

Updated : Oct 14, 2024

Licious acquires Bengaluru-based My Chicken and More, to expand presence in South India

Media reports speculate the acquisition’s value at Rs 200 crore; company has dismissed figures and has refrained from disclosing financial details

Updated : Oct 04, 2024

Specialty chemicals marketplace Mstack bags $40 million funding

Founded in 2022 by Shreyans Chopra, Mstack is a cross-border company that offers mid-to-large scale enterprises a full-stack solution for sourcing specialty chemicals through a reliable supply chain

Updated : Oct 03, 2024

Hitachi Air Conditioning India signs MoU with DPIIT to set up start-up incubator

Incubator designed to provide robust platform for start-ups focussed on selected manufacturing sectors, fostering technological advancements, sustainability, and energy efficiency

Updated : Sep 05, 2024

Many startups are becoming brands leveraging quick commerce benefits: BOAT’s Aman Gupta

Aman Gupta said that digital commerce has evolved on multiple fronts as payment gateways have become faster, simpler and user-friendly, yet secured with time.

Updated : Aug 29, 2024

Young entrepreneurs should focus on ethics in business, improving quality of goods % services: Youth Affairs secretary

Lack of trust can also lead to higher costs for businesses, she noted, adding that building trust has positive outcomes

Updated : Jul 04, 2024

Budget 2024: DPIIT wants angel tax, inverted duty to be removed this time

DPIIT Secretary Rajesh Kumar Singh stated on Thursday that the department has recommended a gradual elimination of the inverted duty structure and the reduction of high tariffs on inputs within industries like electronics.

Updated : Jul 01, 2024

​StartUp Sphere 2024 highlights ICAI’s impact on India’s economic growth, innovation; launches start-up and MSME yatra

The yatra bus will travel to 100 cities in 100 days, showcasing the diverse endeavours of the MSME and start-up ecosystems; it will focus on enhance financial and tax literacy and build capacity among MSMEs and start-ups

Updated : Jun 28, 2024

AWS shortlists 24 start-ups under its space accelerator programme

The programme was launched in partnership with ISRO and IN-SPACe

Updated : Jun 20, 2024

India home to 67 unicorns, 46 gazelles, 106 cheetahs: ASK Private Wealth Hurun India Future Unicorn Index 2024

India’s future unicorns are currently worth $58 billion, with an increase of 1.8% as compared to the last year. This year's index featured significant advancements. Ixigo, a former Cheetah, went public with a 48% premium.

Updated : Jun 13, 2024

RENÉE Cosmetics raises Rs 100 cr in its Series B round of funding from Edelweiss Group, Evolvence India

In December 2022, RENEE secured $25 million in a Series B funding round, led by Evolvence India. Edelweiss Group and current investors Equanimity and 9Unicorns (now 100 Unicorns) also took part in the investment.

Updated : May 24, 2024

VC firm Finvolve closes Rs 100 crore maiden fund, launches three more with Rs 500 crore target

The three funds worth collective target of Rs. 500 crores focussed on backing GIFT City- based start-ups.

Updated : Apr 09, 2024

Unicorns worldwide: India ranks third with 67 unicorns, US has 703, China has 340

Hurun Global Unicorn Index noted that India produced more offshore unicorns than any other country, co-founding 109 unicorns outside of India compared to 67 in India.

Updated : Apr 09, 2024

Ola shuts its international operations in UK, Australia and New Zealand: Report

Ola was founded by Bhavish Aggarwal and Ankit Bhati in India in 2011. The company had initially launched operations in Australia and New Zealand during the year 2018.

Updated : Mar 29, 2024

'Never had a funding winter... good firms always had enough money to back them': Sanjeev Bikhchandani

Sanjeev Bikhchandani added that in the coming years, startups are expected to play a crucial role in making India a developed economy by 2047.

Updated : Mar 20, 2024

More than 45% of start-ups in the country are women-led: PM Modi

The Prime Minister highlighted India's making a mark in the IT and software sector in the last few decades and underlined the emerging trends of innovation and start-up culture.

Updated : Mar 15, 2024

Order maintains status quo: Byju's after US bankruptcy court orders hedge fund manager arrest

On Thursday, the US bankruptcy court ordered a freeze on $533 million in loan proceeds belonging to Think & Learn Pvt, the parent company of Byju's.

Updated : Mar 13, 2024

ICAI found gross negligence by Byju's auditors, recommended punitive actions against it: Official

"Our inspection has found gross negligence on accounting practices by individual auditors of Byju's and accordingly we have recommended to the Financial Reporting Review Board (FRRB) to take punitive actions on auditors concerned," Ranjeet Kumar Agarwal said.

Updated : Mar 13, 2024

Karnataka HC extends interim protection granted to Byju Raveendran till March 28 against majority shareholders

Before the EGM last month, Think and Learn had filed a plea in the Karnataka High Court asking for relief. In an interim order, the HC stated that the decisions in the EGM will be subject to the next hearing of the petition, which has been scheduled for March 13.

Updated : Mar 08, 2024

IPO-bound Swiggy's valuation up by 13% at $12.1 bn from $10.7 bn: Report

In a separate filing, Baron Capital stated that Swiggy commands roughly 45% market share in the Indian food delivery sector and is “well positioned" to benefit from structural growth in online food delivery in India.

Updated : Mar 08, 2024

GetVantage launches Rs 100 crore fund for women entrepreneurs

The revenue-based financing start-up aims to back 400+ businesses by 2025 with non-dilutive capital; it has also announced partnership with diversity-focused network Encubay

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