Category: Startups
DPIIT inks pacts with over 50 firms to promote mfg, innovation ecosystem for startups
New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has so far inked pacts with over 50 firms, including ITC, Flipkart, and…
IPO-bound Boat faces rising attrition on road to listing
IPO-bound consumer electronics maker Boat reported an attrition rate of 34% among its full-time employees for the financial year ended March 31, a rise from…
Singapore, Canada-based startups keen to explore Indian market
Several international startups from Singapore and Canada have expressed interest in expanding into India, citing its massive market potential, rapid economic growth, and supportive startup…
LAT Aerospace moves to new R&D facility, to build airplane components
LAT Aerospace, cofounded by Deepinder Goyal, announced its moved to a 50,000-square-feet research and development (R&D) facility in Gurugram, and begun setting up in-house labs…
India-UAE CEPA Council to help startups expand internationally
Since its launch in June, the UAE–India Start-Up Series has quickly emerged as India’s largest start-up initiative of its kind, attracting more than 10,000 applications…
Nykaa Q2 revenue up 25% to Rs 2,346 crore, net profit zooms 154%
Beauty and fashion retailer Nykaa on Friday reported a 25% year-on-year (YoY) growth in its revenues for the July-September quarter, at Rs 2,346 crore. Its…
Swiggy’s board approves Rs 10,000-crore fundraise via QIP
Synopsis Food and grocery delivery firm Swiggy’s board has approved a proposal to raise Rs 10,000 crore through a qualified institutional placement. The company will…
Upgrad in talks to acquire Unacademy for $300-320 million, 90% lower than its peak valuation
Test prep startup Unacademy is in advanced talks with higher education and upskilling firm Upgrad for an all-stock acquisition valuing it at around $300–320 million,…
Nykaa Q2 Results: Cons PAT skyrockets 243% YoY to Rs 34 crore, revenue jumps 25%
FSN E-Commerce Ventures which operates Nykaa brand, reported a 243% YoY jump in its consolidated Q2 net profit at Rs 34 crore versus Rs 10…
Tiger Global exits Ather Energy, selling entire stake for Rs 1,204 crore
New York-headquartered investment firm Tiger Global has exited Ather Energy, selling its entire 5% stake in the electric two-wheeler maker through open market transactions on…