Category: Startups
Upskilling startup Scaler cuts losses by 98% even as revenue dips 5%
Upskilling platform Scaler saw its operating revenue dip by around 5% but sharply reduced its losses by nearly 98%, driven by streamlined operations and deeper…
Don’t call it a pivot; these executives are ‘refounding’ their startups
Founding a company has always been prestigious in Silicon Valley. Pivoting a struggling company is less glamorous. So lately, as artificial intelligence has scrambled operations…
Snapdeal parent AceVector files updated DRHP for D-Street debut
AceVector, the parent entity of ecommerce company Snapdeal, filed its updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (Sebi)…
Snapdeal parent AceVector files updated prospectus; to raise up to Rs 300 crore via IPO
AceVector, the parent company of ecommerce platform Snapdeal, has filed its updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India…
Indian startups entering global markets to shield operational tech from cyberthreats
India is emerging as a neutral supplier in the global market for operational technology (OT) security, with the country building its first full-fledged OT security…
Govt promises time-bound fixes after ORR firms flag mobility, infra gaps
Industry leaders from multinational corporations (MNCs) along the Outer Ring Road (ORR) met with IT-BT minister Priyank Kharge, raising concerns around last-mile metro connectivity, poor…
Zepto converts to a public entity in preparation for IPO
Quick commerce platform has converted itself into a public company as it prepares for an initial public offering, changing its registered name from Zepto Private…
Ex-Paytm exec Varun Sridhar joins Aspora as CEO
Varun Sridhar, who exited One 97 Communications’ Paytm Services earlier this year, has joined Aspora, a fintech platform catering to the Indian diaspora, according to…
Fintech firm Zaggle acquires Rio Money for Rs 22 crore; plans to invest Rs 75 crore post-acquisition
Fintech firm Zaggle, which offers spend management services, has acquired Rivpe Technology Private Limited (Rio.Money), a digital banking platform offering UPI-based payment solutions for Rs…
Nexus closes new $700-million fund to back India, US startups focused on AI, enterprise, consumer sectors
Nexus Venture Partners, a backer of companies like Zepto, Rapido, and software startup Postman, has closed its eighth fund, a $700-million vehicle aimed at early-stage…