Hurun India 2024: 3 startups Zepto, InCred Finance & Porter turned unicorns this year, 25 dropouts

A record 25 upcoming unicorns dropped out of the Hurun India Future Unicorn Index 2024, reflecting the fallout of the funding winter that led to corrections in valuations in the Indian startup ecosystem. According to the Hurun India report released on Thursday, only three startups turned unicorns this year (valuation of over $1 billion each), … Read more

Pine Labs IPO: Pine Labs plans $1 bn IPO after relocating from Singapore to India | Start Ups

3 min read Last Updated : Jun 21 2024 | 11:16 PM IST Fintech firm Pine Labs, backed by Peak XV Partners and Mastercard Inc, is reportedly eyeing an initial public offering (IPO) of $1 billion in India. This comes as the company has received approval from a Singapore court to relocate its … Read more

Hurun India’s future unicorn list sees 25 dropouts amid reset valuations

A record 25 upcoming unicorns dropped out of the Hurun India Future Unicorn Index 2024, reflecting the fallout of the funding winter that led to corrections in valuations in the Indian startup ecosystem. According to the Hurun India report released on Thursday, only three startups turned unicorns this year (valuation of over $1 billion each), … Read more

Landeed raises funds from Paradigm Shift VC

Landeed, a property title search engine platform, has raised funds from Paradigm Shift VC. The Hyderabad-based startup raised $8.3 million in a funding round led by Y Combinator, Draper Associates and Bayhouse Capital in in January 2023. “The new capital will be utilised to increase Landeed’s product line and further enhance its workforce expansion to … Read more

Vodafone Idea to offer Rs 2,458 crore stake to Nokia and Ericsson | Company News

Apart from easing vendors’ concerns over pending payments, the move may also secure support from the two global telecom equipment giants to help Vi expand its 4G coverage more rapidly, the telco indicated 4 min read Last Updated : Jun 13 2024 | 10:59 PM IST Vodafone Idea (Vi) has decided to offer a Rs 2,458 … Read more

Murugappa Group’s EV arm to raise Rs 310 crore from M&G Investments | Company News

2 min read Last Updated : Jun 05 2024 | 5:49 PM IST Murugappa Group’s TI Clean Mobility (TICMPL), a leader in the passenger three-wheeler electric vehicle segment across South India, has signed definitive documents with private equity firm M&G Investments (M&G) to raise about Rs 310 crore. TICMPL, a subsidiary of Murugappa … Read more

Longer talktimes, lower incentives: edtech turns up the heat on its employees

As online tutoring startups struggle with falling revenues and reduced investor funding, they are cracking the whip on their salespeople, thrusting on them higher targets and longer hours while saving on incentives. Mint’s conversations with about two dozen sales executives across edtech firms including upGrad, Unacademy and Scaler suggest the situation may be heading from bad … Read more

Zee plans to raise funds via share sale, calls board meeting on 6 June

Mumbai: Zee Entertainment Enterprises Ltd is planning to raise capital to fund its growth, and has called a board meeting on 6 June to consider the proposal, the Punit Goenka-led media and entertainment company said in an exchange filing on Monday. Zee Entertainment, which has gone into a capital-conservation mode after its proposed $10-billion merger … Read more

Lenskart raises $200 million in secondary round at $5 billion valuation | Start Ups

Peyush Bansal, Co-founder and CEO, Lenskart 4 min read Last Updated : Jun 03 2024 | 3:47 PM IST Lenskart raises $200 million in secondary round at $5 billion valuation Lenskart, the largest eyewear retailer in Asia, has raised $200 million in secondary investment from Singapore’s Temasek and Fidelity Management and Research Company (FMR). … Read more

GMR secures Rs 1,330cr funding for Goa airport from Axis Bank, ETCFO

Panaji/Hyderabad, Jul 10 () The GMR Group, which has bagged the contract to build a greenfield airport at Mopa in north Goa, today secured funding worth Rs 1,330 crore from Axis Bank for developing the Rs 3,000-crore new international airport in the tourist state. GMR Goa International Airport (GGIAL), a subsidiary of GMR Airports Ltd, … Read more