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Amazon India Likely To Fire Hundreds Of Indian Employees; 10,000+ Employees Will Be Fired
Amazon India is the latest enterprise to be hit by mass layoffs in view of an impending recession and needing to cut costs. Earlier, other prominent outlets reported that it would be firing as many as 10,000 employees. Contents Some sections more likely to be hit Now it appears that in India, hundreds of employees […]
Indian Startups Receive Rs 7900 Crore VC Funding In August, 2022: VC Fundings Up By 9.7%
Data and analytics company GlobalData said on Thursday that despite the funding winter, 128 Indian startups have raised over USD 995 million (around Rs 8,000 crore) venture capital funding in August. Contents Performing better than US, UK This is 9.7 per cent more than the previous month. Aurojyoti Bose, Lead Analyst at GlobalData, said that […]
India’s 1st Ever Bank Branch For Startups Launched By SBI In This City!
SBI has signed an agreement with the Karnataka Digital Economy Mission (KDEM) to start the country’s first dedicated bank branch which would provide credit facility for startups. The facility will be called the ‘SBI Startup Hub’ branch, which is dedicated to provide cluster seed funds to startups. Contents Enhancing startup ecosystem The agreement will boost […]
Startup Funding In India Reduced By 33% Due To Global Slowdown; Only $6.9 Billion Invested In 90 Days
Total funding raised by Indian startups in the June quarter fell 33 percent sequentially to $6.9 billion. It was not just lower than the $10.3 billion logged between January and March 2022, but also saw a decline compared to the same quarter of the previous year ($10.1 billion in Q2 of 2021). Contents Funding winter […]
Indian Startups Can Fire 60,000 Employees Due To Lack Of Funding; But Unicorns Will Rise To 200
The Indian startup culture is witnessing a duality- while more and more unicorns are expected to emerge, tens of thousands working in startups are left unemployed with mass layoffs happening every other day. The ‘ASK Private Wealth Hurun India Future Unicorn Index 2022’ list names nearly 122 startups from 25 cities that are on the […]
This Ed-Tech Startup Becomes India’s 101st Unicorn After Maiden Fund Raising: Physics Wallah Stuns The Market!
Popular YouTube channel Physics Wallah, now known as PW, is set to become a unicorn once a potential fundraising is materialized. Contents Online Popularity PW is an educational channel which offers online and offline courses and study materials for JEE, NEET and other engineering entrance exams. It has grown to an enormous level in the […]
Facebook-Backed Meesho Fires 150 Employees; Indian Startups Have Fired 2000+ Employees In 2022
Social commerce startup Meesho has let go around 150 employees from its grocery arm which became part of the core app and rebranded it to Meesho Superstore last week. Contents Removing Redundancies It said in a blog post that it looks to “boost efficiencies in the light of the integration” and has “removed redundancies” of […]
Y Combinator Top Companies List 2022: Indian Startups Conquer The List, Only Behind USA
Renowned startup accelerator Y Combinator has released its ‘Top Companies’ list for 2022. Contents What Is Y Combinator? It is known for having invested in some of the biggest businesses in the world such as Dropbox, Coinbase among 3000 others. Over 260 of its portfolio companies are valued at over $150 million and more than […]
This Pune-Based B2B Startup Becomes Unicorn At Rs 11,000 Crore Valuation: 7th Unicorn Of 2022
Yet another unicorn has arrived and this time it is B2B ecommerce startup ElasticRun. The startup supplies goods to kiranas and helps them secure inventory and working capital. It also works with e-commerce firms. It is owned and operated by Ntex Transportation Services. Contents Latest Fundraise To Unicorn Status ElasticRun has raised $300 million in […]
This State Gives Rs 50 Lakh Seed Funding To 200 Startups: How To Get Funding?
The Union Government has been observing the ‘Startup India Innovation Week’ from Jan 10 – Jan 16, and the Karnataka government has added 75 startups, taking its total tally to 200 for providing a seed fund of up to Rs 50 lakh each to these companies this year. In order to promote technological innovation in […]
Indian Railways Spent Rs 1200 Cr To Clean Gutka Stains; Hire This Startup To Save Money
Indian Railways has hired a startup to handle the task of cleaning ‘gutka’ spit stains in the stations. It is estimated that the Indian Railways spends around Rs 1,200 crore and several thousand gallons of water annually to clean the stains from pan and tobacco users. Despite the place of a fine of Rs 500 […]
Dukaan, 1-year Old Ecommerce Wonder-App Raises Rs 83 Crore From Oyo Founder & Other Investors
Bangalore-based startup Dukaan has raised $11 million in a new financing round with a valuation of $71 million. The one-year-old startup helps merchants open online stores and sell products digitally. Contents Investors The Pre-Series A round was led by New York-headquartered 640 Oxford Ventures, Venture Catalyst, HOF Capital, Old Well Ventures, LetsVenture, and 9Unicorns. Existing […]
This Startup By Indian Entrepreneur Gets Funding From 7 Unicorn CEOs! What’s The Secret Idea?
Justos is a Brazilian startup co-founded in Oct 2020 by Dhaval Chadha, Jorge Soto Moreno and Antonio Molins. The startup focuses on collecting drivers’ data to determine the rate of their auto insurance. Those with safe driving habits would be rewarded by fairer prices. Contents About Justos The app will collect user data on their […]
Cred Becomes A Unicorn In 3 Years; Controls 22% Credit Card Payments In India!
Cred, the Bangalore-based fintech and ecommerce startup which facilitates credit card premium repayments and redemption of accrued reward points, has now entered the exclusive unicorn club, which includes firms that have reached a billion-dollar valuation. Cred received fresh funding from new investor — Falcon Edge Capital and the existing Coatue Management, and raised $215 million, […]
Why Google Has Invested Rs 200 Crore In This Indian Startup With 50 Lakh Users? Find Right Here!
Google has joined PayU and Info Edge Ventures by investing $27.5 million in DotPe -making it the first such Indian startup to receive capital of this magnitude just a year since launch. The firm is now valued at about $90 million. DotPe, founded in 2019, is an offline-to-online (O2O) commerce and payments platform which provides […]
44 Unicorn Startups In India Created 14 Lakh Jobs/Year; Rs 7.8 Lakh Crore Wealth Created!
44 Indian startups turned unicorns (a term for companies after they reach a billion-dollar valuation), generated $106 billion in revenue for founders, employees, investors and the broader economy. With this they have directly and indirectly created 1.4 million jobs every year spread over a decade Contents The Success Stories MakeMyTrip, InMobi, Paytm, Byjus, Cars24, Ola […]
Winners Of National Startup Awards 2020: These 37 Startups Win Cash Reward From Govt
In order to promote the spirit of entrepreneurship and innovation in the country, the Indian government organised the country’s 1st National Startups Awards on Oct 6, 2020. This 1st edition of the Awards invited applications across 12 sectors, which were further sub-classified into a total of 35 categories. These startups were awarded the national award […]
Get Cheap Flight Ticket If Train Ticket Not Confirmed! How This Startup Works?
Can you imagine the stress and troubles you will have to go through if your train ticket does not get confirmed? Contents Troubles With Waiting List But now, no worries there because if you got listed on the waiting list or RAC (Reservation Against Cancellation), then still you have a chance to get a confirmed […]
2019 Was Best Year For Indian Tech Startups: Rs 1 Lakh Crore Raised By 1000+ Startups From 800+ Investors
It turns out that this is a good period for Indians to invest and enter the startup market. It has been reported by multiple survey reports that the Indian tech startup market is not only burgeoning in size but also in the revenue it has been generating. Amongst a declining and not so bright economy, […]
Delhi Has 7000 Startups Worth $50 Billion; Beats Mumbai, Bengaluru To Become Largest Startup Ecosystem In India!
With the expansion of start-up culture throughout the country, not only has this sector gained immense traction but also has had help from the government. Just recently, the finance minister has exempted the ‘angel tax’ for start-ups, helping them to boost their performances and services, without worrying much about taxation. Reports have fled in discovering […]
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