The year also saw the regulator-backed digital payments product UPI achieving new milestones and consistently clocking more than 10 billion transactions every month since August.
Blume Ventures’ Fund I data highlights how the Power Law of VC Returns applies to India as well
The tax authority last month said that food delivery is a service and, therefore, Zomato and Swiggy are liable to pay GST on service at a rate of 18 percent
FirstCry, which sells baby clothes, diapers, cycles, toys and the like, saw its net loss widen 515 percent from Rs 79 crore in FY22 to Rs 486 crore in FY23.
This strategic initiative underlines SCOPE's commitment to fostering innovation, collaboration, and growth within the startup community, according to a release.
However, the deteriorating air quality of the national capital after the Diwali festivities also posed challenges to the students when an impromptu vacation was called and educational institutes were shut for 10 days.
The Bengaluru-based firm has seen its revenue in FY23 revenue cross Rs 200 crore and it plans to onboard 1 million users by 2024. It is also entering the portfolio management service business.
As the merged entity looks towards becoming a fintech major with credit ambitions, Satish Kumar Kalra's expertise will help it to be successful in credit distribution to first time borrowers as well as digital first customers, the company stated.
The EV maker with a total IPO size of Rs 7,250 crore, will also utilise the some of the net proceeds of up to Rs 1,600 crore towards investment into Research and Development.
On the second episode of The Wealth Formula with Mahalakshmi, we have an accomplished value investor who wears multiple hats – an investor, a teach and an entrepreneur. With more than three decades of experience in public markets, he was earlier a partner at Sage One Capital and now runs his own investment firm called Oaklane Capital. He teaches at the Flame University Pune. And his entrepreneurial endeavor involves developing an AI assisted tool called the needle.ai which helps you filter out the unnecessary information and cut out the noise which is of course very important for all investors. Listen in to Kuntal Shah!
India’s top venture capital investors are holding meetings with the Reserve Bank of India’s deputy governor and other officials to discuss and submit recommendations on the unintended consequences of the move.
BluSmart currently operates within India and South East Asia offering EV full stack ecosystem with over 5,500 BluSmart EVs on the roads.
As an ecosystem we have been adept at celebrating success stories but we are also learning to respect failure and the effort behind startup journeys which is the real crucible for long term sustainable growth
The RBI’s approval for companies such as Cashfree and Razorpay to onboard new merchants has come as a relief for the payments ecosystem.
After receiving the final nod from RBI to operate as a payment aggregator, the Bengaluru-based firm expects payments to continue to contribute more than 65-70 percent of its overall revenues
Razorpay received the final approval from the Reserve Bank of India to operate as a payment aggregator on December 19. Mathur says company is very much ready, and can on-board merchants from day one.
The license will mean that the payments firms can now start onboarding of new merchants to their platforms. Neobank Open, Enkash and Paymentz has also received the final nod.
Seeking to bring trust, transparency and convenience to secondary real estate transactions, HouseEazy is building a full-stack, data-driven technology platform to provide the best prices and instant liquidity to sellers and title-checked, refurbished, ready-to-move-in homes to buyers.
Venture capital firm Accel’s founding partner Prashanth Prakash AI models can distil and synthesise information at a simpler level by building new interfaces like chatbots that can communicate through voice in Indian languages
Ebix runs a financial transactions and remittances company Ebixcash in India and it is not clear how the events will impact the operations in the country.
Similar to Bengaluru's Namma Yatri platform, ONDC-backed Yaary also promises not to charge any commission from drivers on its platform
Over the next two months, the board and leadership team will assess how to manage the organisation’s portfolio while recognising long and trusted partnerships
The firm is aiming to clock a revenue of Rs 600 crore by 2025 by expanding to three-wheeler cargo, three-wheeler passenger and e-bus, Vinayak said.
With the first close the fund is actively looking to start building out its portfolio, it said, with the first investment already committed to and a target of investing in 4-5 companies every year.
Founders today understand that having their own brand presence and personality, separate from the enterprise they lead, is crucial. This shift in approach includes having opinions on professional networking platforms like LinkedIn, and adopting a more casual, conversational tone on social media.