Category: Startups
RBI imposes Rs 21 lakh penalty on PhonePe
The Reserve Bank of India on Friday said it has imposed a penalty of Rs 21 lakh on PhonePe Limited for non-compliance with certain norms…
Urban Company IPO closes with 104x subscription
The initial public offering (IPO) of at-home services platform Urban Company closed on a strong note Friday, with bids coming in at 103.6 times the…
Databricks AI chief to exit, launch a new computer startup
Naveen Rao, the head of artificial intelligence at the $100 billion startup Databricks Inc., is planning to leave his position to launch a new venture…
Govt launches Rs 100-crore scheme for startups to aid innovations in green hydrogen
Union Minister Pralhad Joshi on Thursday launched a Rs 100-crore scheme for startups to support innovations in green hydrogen production. “The scheme will provide up…
Dream11, three other startups off unicorn list after online gaming law: Report
As many as four startups, including Dream11 and Games24x7, have lost the coveted unicorn status after the government introduced a law to regulate the activities…
Fintech platform BillCut appoints Anupam Bhat as CFO
Anupam Bhat, former chief financial officer of Airtel Africa, has joined financial services startup BillCut as CFO. This comes a few months after former Paytm…
Edtech startup Eruditus picks up $150 million debt from MARS Growth Capital and HSBC to refinance loan
SoftBank-backed executive education startup Eruditus has closed a refinancing deal of up to $150 million led by MARS Growth Capital, a joint venture between Liquidity…
11 startups join unicorn club in 2025; Bengaluru remains biggest hub in India: Hurun report
Eleven new startups have joined the unicorn club in India this year, taking the total number to 73, according to the ASK Private Wealth Hurun…
Nykaa expands to the UK with Kay Beauty
Synopsis The company already had a presence abroad in the Gulf Cooperation Council (GCC) through its omnichannel platform called Nysaa. ETtech Online beauty retailer Nykaa…
AI software developer Replit raises $250 million at $3 billion valuation
Valuations for code-generation startups, or “code-gen,” have climbed as companies look to use AI to assist software engineers or help non-technical teams to write their…