Category: Startups
New $1 billion alliance formed to strengthen US-India deep tech ties
Eight venture capital and private equity firms from the US and India are set to invest over $1 billion in India’s deep tech startups over…
OpenAI to acquire product testing startup Statsig, appoints CTO of applications
OpenAI said on Tuesday it will acquire Statsig in an all-stock deal valuing the product testing startup at about $1.1 billion based on OpenAI’s current…
Urban Company’s Rs 1,900 cr IPO to open on Sept 10; price band set at Rs 98–103
Urban Company has fixed the price band for its upcoming initial public offering (IPO) at Rs 98 to Rs 103 per share, aiming to raise…
Irdai hardens stance: No insurance licence to VC-backed fintechs
Venture-backed fintech startups are finding the doors to an insurance manufacturing licence getting shut, as the sector regulator is hardening its stance on applications submitted…
Warburg eyes 10% stake in Kalyan Jewellers’ Candere brand for Rs 850 crore
Global private equity firm Warburg Pincus is in discussions with Kalyan Jewellers India to acquire about 10% stake in the Kerala-based company’s lifestyle brand Candere…
Zomato hikes platform fee to Rs 12 ahead of festive season
Zomato has raised the platform fee on food delivery orders to Rs 12 from Rs 10, as demand is expected to surge during the festive…
Fintech Kapital becomes Mexico’s latest unicorn with $1.3 billion valuation
Mexican financial technology firm Kapital reached coveted “unicorn” status on Tuesday after its valuation topped $1 billion with a fresh funding round, following several high-profile…
Mamaearth’s parent Honasa Consumer realigns focus amid rising competition
In recent quarters, intensifying competition in the beauty and personal care (BPC) market has led Honasa Consumer, the parent company of Mamaearth, to rethink its…
Venturi Partners announces first close of second fund at $150 million
Consumer sector-focused venture capital firm Venturi Partners has announced the first close of its second fund at $150 million. The total value of the fund…
Festive season: Quick commerce to ramp up temp workforce by 40–60%
Quick-commerce platforms are set to bolster their temporary workforces by 40-60% this festive season to cope with a likely surge in demand, according to staffing…