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Struggles of Dunzo and the Viability of Quick Commerce in India’s Start-up Ecosystem-thumnail

Struggles of Dunzo and the Viability of Quick Commerce in India’s Start-up Ecosystem

Amidst the plethora of triumphant tales in India’s startup ecosystem, one finds the compelling narrative of Dunzo, a swift commerce player established back in 2014, brimming with ambitions to achieve

News

Jul 22, 2023

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings-thumnail

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings

As part of its ongoing Series D round, insurtech startup RenewBuy has successfully raised $40 million from Dai-ichi Life Holdings, Inc. This Indian company stands out for its ability to

News

Jul 18, 2023

With 70% less investment, startups in India seek to reduce the burn rate-thumnail

With 70% less investment, startups in India seek to reduce the burn rate

With a 70% decline in investment since FY22, Indian entrepreneurs are experiencing a financial winter, requiring them to reduce the burn rate and accelerate their route to profitability. According to Redseer’s examination of 100 unicorns, the number of profitable unicorns will increase from 30 in FY22 to 55 in FY27. 

News

Jul 18, 2023

Shark Tank India’s famed Flatheads was acquired by Fashion startup Styched-thumnail

Shark Tank India’s famed Flatheads was acquired by Fashion startup Styched

Youth fashion company Styched has strategically acquired casual sneaker startup Flatheads with the goal of solidifying its position, as a player in the fashion industry. Flatheads is known for its expertise, in sneakers while Styched operates with a unique approach that eliminates waste, inventory, and warehousing. This acquisition will bolster Styched’s sneaker collection. Broaden its reach in the market.

Business

Jul 17, 2023

Indian Spacetech startups offering satellite launch services exempted from GST-thumnail

Indian Spacetech startups offering satellite launch services exempted from GST

Minister of State (MoS) for Science and Technology Jitendra Singh emphasized the pivotal role played by the private sector in India’s space economy highlighting that there are now 140 Indian space tech startups operating in India, which is a significant achievement due to the country’s liberalized space policies.

Business

Jul 12, 2023

KPMG will invest $2 Billion in AI and Cloud Services-thumnail

KPMG will invest $2 Billion in AI and Cloud Services

Through expanded cooperation with Microsoft, KPMG aims to invest $2 billion in artificial intelligence and cloud services across its business lines internationally over the next five years, the latest effort by a Big Four accounting firm to double down on the technologies.

Artificial Intelligence

Jul 12, 2023

Utkarsh small finance bank raises 223 crores from anchor investors; IPO opens for Public-thumnail

Utkarsh small finance bank raises 223 crores from anchor investors; IPO opens for Public

Utkarsh Small Finance Bank has successfully raised Rs 223 crore from anchor investors prior to its initial share sale.

Investment & Funding

Jul 12, 2023

Zepto to become 1st unicorn of 2023 after a $150 million Series E round-thumnail

Zepto to become 1st unicorn of 2023 after a $150 million Series E round

Zepto is an Indian startup is on track to become the first unicorn of 2023 in the country. Thanks to an expected $150 million Series E funding round. Led by StepStone Group and supported by Nexus Venture Partners. This funding will elevate Zepto’s valuation to $1.3 billion. The swift commerce delivery startup has garnered recognition for its commitment to delivering groceries within 10 minutes.

Investment & Funding

Jul 12, 2023

UK to allocate 5% of their default pension funds for investment into unlisted startups-thumnail

UK to allocate 5% of their default pension funds for investment into unlisted startups

The UK government’s proposed reforms were presented by Finance Minister Jeremy Hunt. Seek to unleash a substantial amount of money from pension funds. The goal is to stimulate investments in early-stage companies and ultimately bolster economic growth. Furthermore, these changes aim to enhance pensioners’ returns by giving them the opportunity to invest in unlisted startups.

Economy

Jul 11, 2023

Meet Indian-origin women on the ‘America’s Richest Self-Made Women’ List, including Jayshree Ullal, Neerja Sethi, Neha Narkhede, and Indra Nooyi-thumnail

Meet Indian-origin women on the ‘America’s Richest Self-Made Women’ List, including Jayshree Ullal, Neerja Sethi, Neha Narkhede, and Indra Nooyi

With a total net worth of $4.06 billion, four Indian-origin women reached the Forbes list of America’s 100 richest self-made women. With a total net worth of $4.06 billion, four

Business

Jul 11, 2023

Sourav Ganguly buys minority stake in Food delivery startup JustMyRoots-thumnail

Sourav Ganguly buys minority stake in Food delivery startup JustMyRoots

Cricket legend Sourav Ganguly has recently become a proud part owner of the food delivery startup, JustMyRoots. In addition to his ownership stake Ganguly has also signed an endorsement deal

News

Jul 7, 2023

There is enough Headroom for India to add 1 lakh unicorns and 20 lakh startups, according to MoS Rajeev Chandrasekhar-thumnail

There is enough Headroom for India to add 1 lakh unicorns and 20 lakh startups, according to MoS Rajeev Chandrasekhar

Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, feels that India is well-positioned to produce 1 lakh unicorns and 10-20 lakh startups in the future. 

News

Jul 7, 2023


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