Category: Startups
Cred’s angels, institutional investors score big in Meta deal
Meta’s purchase of shares worth nearly $400 million from Cred’s existing shareholders has delivered 7-20x returns to the fintech’s angel investors, and 3-16x gains to…
Skyroot lines up more rockets as Vikram-1 gets a launch window
Even before the maiden flight of Vikram-1, Skyroot Aerospace is planning a second orbital launch later this year, as the spacetech unicorn looks to accelerate…
STEM pool helps Amaravati host India’s first IBM quantum system
Amaravati will host one of the first two IBM quantum computers to be installed in India, with the system expected to be commissioned by September,…
Neo startup: Zeta cofounder Bhavin Turakhia launches AI startup Neo with $30 million personal investment
Bhavin Turakhia, serial entrepreneur and cofounder of SoftBank-backed fintech unicorn Zeta, has launched Neo, an artificial intelligence-native work platform, committing $30 million of his own…
E2W sales climb 19% in June to 1.81 lakh units
Electric two-wheeler sales in June grew 19% month-on-month (MoM) to around 1.81 lakh units from 1.51 lakh units in May, according to Vahan vehicle registration…
Byju’s tablets, laptops gather dust in warehouse as insolvency drags on
Around two lakh tablets and thousands of laptops, headphones, routers, keyboards, printers, and webcams belonging to Byju’s remain stuck in a warehouse on Bengaluru’s outskirts,…
Uber-backed Lime raises $167 million in US IPO
Lime, backed by Uber, raised $167 million in its US initial public offering, joining a growing list of companies tapping a revived market for new…
Defence startups raid auto and fracking sectors for parts to speed weapons output
Defense tech startups are repurposing automotive chips and pipes used in fracking — while copying production methods from drugmakers — in an effort to deliver…
Dovetail Capital: Asset servicing startup Dovetail Capital raises Rs 100 crore in funding from Elev8 Venture Partners
Mumbai-based asset servicing company Dovetail Capital has secured Rs 100 crore in equity funding from Elev8 Venture Partners in its first institutional funding round.As a…
Autonomous driving firm Autobrains eyes robotaxi growth in Europe, CEO says
Europe is an emerging but promising market for self-driving ‘robotaxis’, with the technology set to become far more visible across the region over the next…