Category: Startups
India’s late-stage funding crunch shrinks cheques, cuts valuations
Many late-stage startups are closing funding rounds at smaller sizes and lower valuations than discussed when negotiations began, while a few proposed capital raises have…
Karnataka, Italy explore startup, AI and deeptech partnerships
Karnataka and Italy are exploring partnerships in startups, artificial intelligence, deeptech, space technology and research, with the state government proposing sector-focused acceleration programmes and mechanisms…
Nykaa raises stake in personal care brand Earth Rhythm
FSN E-Commerce Ventures, the parent company of beauty and fashion platform Nykaa, has completed a deal to increase its ownership stake in personal care brand…
Scapia lending product: Scapia eyes lending push, widens bank partnerships
Travel fintech Scapia is looking to launch a lending product in the next few months and widen its banking partnerships as it builds out financial…
Rentomojo IPO: Rentomojo to go public at Rs 4,246 crore valuation; up 5x from last private round
Furniture and home electronics rental startup Rentomojo is expected to go public at a valuation of Rs 4,246 crore, as per the upper end of…
Bengaluru startup takes the first step to fusion
Bengaluru-based startup Pranos Fusion has successfully produced plasma inside its experimental reactor, Pragya, marking a major milestone that transitions India’s private fusion sector from theory…
Adobe acquires PeakXV-backed AI startup Rilo to expand marketing automation
Adobe has acquired Peak XV backed- artificial intelligence startup Rilo, as the US software major looks to expand AI-powered workflow automation for enterprise marketers. The…
Simple Energy targets 20% of EV market, plans 10,000-12,000 monthly output
Electric two-wheeler maker Simple Energy is targeting 20% market share within the next two years as it makes an aggressive push into the mass market…
AI startup Wonderful valued at $5 billion in latest funding round
Synopsis The round, led by Insight Partners, included participation from Salesforce and existing investors Index Ventures, IVP, Vine Ventures, 9Yards and Bessemer Venture Partners. ETtech(L-R)…
IPO-bound Simple Energy eyes large fundraise to enhance production capacity, supply chain
IPO-bound electric two-wheeler maker Simple Energy is in “works” with a large fundraise to secure funds as it looks more capital for enhancing production capacity…