Category: Startups
Cars24 cofounder Mehul Agrawal steps down from operating role
Mehul Agrawal, cofounder of Cars24, is stepping back from his operating role at the company after more than a decade building the business. Announcing the…
Instant domestic help apps face worker unavailability amid rapid scaling, high competition
A shortage of workers is disrupting instant domestic help platforms such as Urban Company, Snabbit and Pronto amid rising demand, with users in Delhi-NCR, Mumbai,…
Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloff
Falling share prices of new-age companies in the quarter to March, tracking weaker macroeconomic indicators, pushed mutual funds to step up buying and raise their…
ICRA cuts Ola Electric’s rating as competition, poor brand perception hit performance
EV manufacturer Ola Electric Technologies has been downgraded by the rating agency ICRA, citing low sales, continued losses, and a delayed timeline to profitability, even…
Dhan launches Gold Vault, enables users to buy gold from the exchange
Brokerage firm Dhan has launched `Gold Vault’, a product that allows retail investors to buy physical gold and silver at live prices on the commodities…
Climate tech startup Prithu raises Rs 10 crore in funding round
Climate technology startup Prithu has raised Rs 10 crore in a funding round led by Transition VC to scale its carbon removal platform focused on…
China’s Meta backlash renders Manus model ‘officially dead’
The AI startup Manus, once hailed as a breakthrough that would challenge Silicon Valley’s dominance, is turning into a cautionary tale for Chinese entrepreneurs after…
Quick commerce firms face heat as riders stay off peak hours
The quick commerce industry is facing a shortage of delivery partners amid intense heatwaves, prompting companies to roll out incentives to keep them on the…
Magellanic Cloud forms Rs 100-crore JV with Rayonix Tech, Israel’s Xtend to make drones in India
Surveillance technology firm Magellanic Cloud has formed a joint venture, valued at around Rs 100 crore, with indigenous defence technology firm Rayonix Tech to manufacture…
Blocking of Meta’s AI startup buy raises risk for cross-border China tech deals
China‘s blocking of Meta‘s acquisition of AI startup Manus will heighten the risk for global investors looking to invest in advanced tech firms with ties…