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Startups / inc42

Digit IPO Closes With 9.6X Subscription, QIBs Place Maximum Bids

Insurtech unicorn Go Digit General Insurances (Digit) public issue was subscribed 9.6X on the final day for bidding on May

17 May 2024 8:21 pm
Subko Coffee Posts INR 14 Cr Sales In FY23, Incurs INR 9 Cr Loss

Mumbai-based specialty coffee and craft-baked goods brand Subko Coffee Roasters reported sales of INR 13.5 Cr in the financial year

17 May 2024 7:52 pm
Now, Zomatos New Feature Allows Its Users To Make Healthier Choices

Days after Zomato expanded its priority delivery services to Delhi, Hyderabad and Pune, the foodtech giant has now rolled out

17 May 2024 3:23 pm
Logistics Startup 3SC Bags $4 Mn Funding To Boost AI Play

Supply chain planning and logistics startup 3SC has secured $4 Mn (around INR 33 Cr) from its existing investor GEF

17 May 2024 2:29 pm
Bringing In The Grown-Ups: When Do Startups Need Seasoned Leaders?

In the fast-paced business world, navigating critical decisions can be likened to sailing through a vast ocean. Whether its a

17 May 2024 8:00 am
IPO-Bound Awfis Posts INR 19 Cr Loss In The First Nine Months Of FY24

Coworking startup Awfis, which is all geared up for an INR 599 Cr initial public offering (IPO), continued to remain

16 May 2024 9:12 pm
Digit IPO Subscribed 79% On Day 2, Retail Investors Show Highest Interest

Insurtech unicorn Go Digit General Insurances (Digit) public issue was subscribed 0.79X on the second day (May 16) of the

16 May 2024 8:08 pm
Info Edge Q4: Posts Profit Of INR 88 Cr, Sales Soar To INR 657 Cr

Delhi NCR-based online classified company Info Edge reported a consolidated net profit of INR 87.9 Cr in Q4 of financial

16 May 2024 7:50 pm
IAMAI Warns Draft Digital Competition Bill Will Dry Up VC Funding In Tech Startups

The Internet and Mobile Association of India (IAMAI) has written to the Corporate Affairs Ministry, expressing apprehensions that the draft

16 May 2024 2:44 pm
InstaAstro Nets $2.3 Mn To Fuel Its Astrology Offerings, Expand Into Southern States

Noida-based astrotech startup InstaAstro has raised INR 18.5 Cr (around $2.3 Mn) in a Pre-Series A funding round led by

16 May 2024 2:33 pm
Awfis Sets Price Band Of INR 364-INR 383 For INR 599 Cr IPO

Coworking startup Awfis has set a price band of INR 364-INR 383 for its upcoming initial public offering (IPO). Its

16 May 2024 2:20 pm
D2C Paan Brand The Betel Leaf Gets Funding From Inflection Point Ventures, Venture Catalysts

Bengaluru-based online paan startup The Betel Leaf has raised $1.2 Mn (around INR 10 Cr) in a bridge funding round

16 May 2024 1:46 pm
Soket AI Labs Partners Google Cloud To Launch Open-Source Multilingual Model Pragna-1B

Homegrown GenAI startup Soket AI Labs has launched Indias first open-source multilingual foundational model Pragna-1B in partnership with Google Cloud.

16 May 2024 9:10 am
Digit IPO: Public Issue Receives Muted Response On Day 1, Subscribed 36%

The initial public offering (IPO) of insurtech major Go Digit General Insurance (Digit) was subscribed 0.36X on the first day

15 May 2024 9:11 pm
Niyogin To Acquire Shark Tank Featured Orbos AI Platform For The BFSI Sector

Shark Tank fame enterprise tech startup Orbo is selling its AI platform focussed on the banking, financial services and insurance

15 May 2024 8:28 pm
RED.Health Snags $20 Mn To Build Subscription-Based Model For Quick Medical Assistance

Medical emergency response startup RED.Health has raised $20 Mn in its Series B funding round led by Jungle Ventures, along

15 May 2024 3:13 pm
Infurnia Bags Funding To Boost Software Offerings For Architecture & Interior Industry

Bengaluru-based architecture and interior design SaaS startup Infurnia has secured $1.2 Mn (around INR 10 Cr) in an angel funding

15 May 2024 2:39 pm
Heres Everything You Need To Know About Liquidity

What Is Liquidity? Liquidity measures how quickly a business or person can convert assets into cash. Some assets convert faster

15 May 2024 2:12 pm
Centre Mulls Proposal To Set Up Private-Public Cloud Model For Chip Designs

The government is contemplating a proposal to build a private-public cloud model to provide easy access to chip and packaging

15 May 2024 1:58 pm
How Chennai Based Freshma Is Disrupting Indias Seafood Market

The worlds third-largest startup ecosystem, India, is filled to the brim with stories of grit, resilience and perseverance shown by

15 May 2024 1:54 pm
8 Months After Teasing Launch, Uncertainty Looms Over Free Fires India Re-Entry

Uncertainty prevails over the relaunch of battle royale game Free Fire in India. Parent company Seas CEO and founder Forrest

15 May 2024 8:41 am
ideaForge PAT Slips 30% QoQ To INR 10.3 Cr In Q4

Drone manufacturer ideaForge posted more than a 30% decline in its consolidated profit after tax (PAT) to INR 10.3 Cr

14 May 2024 9:19 pm
Fintech Startup Rupeek Raises INR 51 Cr In A Down Round From 360 One, BlackSoil

Gold loan provider Rupeek has raised INR 51 Cr in a down round from 360 One Large Value Fund (formerly

14 May 2024 8:13 pm
BimaPay Nets $2 Mn To Offer Tech-Based Insurance Solutions

Insurtech startup BimaPay has secured $2 Mn (around INR 16.7 Cr) in an undisclosed funding round led by LC Nueva

14 May 2024 3:20 pm
Amid Surge In SME IPOs, SEBI Mulls Tighter Norms For Such Listings

At a time when the public listings on the SME platforms of the BSE and the NSE are on the

14 May 2024 3:12 pm
Now, Tata Play to Offer Amazon Prime Benefits, Multiple OTT Apps

Direct-to-home (DTH) company Tata Play has inked a pact with Amazon Prime to enhance offerings for its Tata Play DTH

14 May 2024 2:15 pm
Highperformr.AI Bags $3.5 Mn To Give An AI Boost To B2B Marketing

Highperformr.AI, a marketing SaaS startup floated by former Freshworks executives Ramesh Ravishankar and Srivatsan Venkatesan, has raised $3.5 Mn (INR

14 May 2024 2:08 pm
NeoFinity Launches NFC Tag To Disrupt Contactless Digital Payments

The payment and fintech arm of Peak XV Partners-backed asset management company Neo Group, NeoFinity, has launched a new digital

14 May 2024 9:39 am
Bernstein Ups Zomatos Price Target To INR 230, Cites Blinkits Impressive Q4 Growth

Following Zomatos Q4 results, brokerage firm Bernstein maintained its OUTPERFORM rating for the foodtech majors stock and raised its price

14 May 2024 9:05 am
How RoadVision AI Wants To Change Road Infra Management

There is hardly any sector or industry, from healthcare to finance, that has not been transformed by technology. However, despite

14 May 2024 8:00 am
Urban Company Profitable Before Tax In April 2024: CEO Abhiraj Bhal

Hyperlocal services startup Urban Company turned profitable before tax (PBT) in April 2024, as per its cofounder and CEO Abhiraj

14 May 2024 2:45 am
Coromandel Invests INR 150 Cr In Drone Startup Dhaksha To Increase Stake To 58%

Listed agri-solutions provider Coromandel International Limited has signed an agreement to increase its stake in Chennai-based drone startup Dhaksha Unmanned

13 May 2024 9:02 pm
Inc42 & Microsoft Team Up For The AI Connect: Building Ethical AI For A Better Future

As discussions around Responsible AI and Ethical AI heat up, Inc42 has joined forces with the tech giant Microsoft to

13 May 2024 8:00 pm
Google Chrome And Apple iTunes Users Alert! Govt Warns Of Security Vulnerability

The Indian Computer Emergency Response Team (CERT-In) has issued a warning for Google Chrome and Apples iTunes desktop users. As

13 May 2024 3:45 pm
Apax Partners Eyeing To Scale Up Its India Investments With New Team

London-based private equity firm Apax Partners, which has invested close to $3.5 Bn in India in around two decades, is

13 May 2024 3:43 pm
Zomato Q4: Net Profit Surges 27% QoQ To INR 175 Cr

Foodtech major Zomatos consolidated profit after tax (PAT) zoomed 26.8% to INR 175 Cr in the quarter ended March 31

13 May 2024 3:26 pm
Ahead Of Q4 Results, Zomato Shares Touch 52-Week High At INR 207.30

Ahead of the announcement of its Q4 results for the financial year 2023-24 (FY24), shares of foodtech major Zomato jumped

13 May 2024 2:45 pm
VCats Syndicate Fund Hires Former Goldman Sachs Exec Sidhi Dalmia As Founding Partner, Co-Lead

Mumbai-based Venture Catalysts has roped in former Goldman Sachs executive Sidhi Dalmia as founding partner and co-lead for its newly

13 May 2024 2:32 pm
Heres Everything You Need To Know About Category Killer

What Is A Category Killer? A category killer is a large retail store that specialises in a particular product and

13 May 2024 2:20 pm
Centre Mulling Clampdown On Illegal Betting And Gambling Apps Flouting CCPA Guidelines

The consumer affairs ministry is mulling action against indirect and surrogate advertisements promoting illegal betting and gambling, especially during the

13 May 2024 2:15 pm
Meesho Beefs Up Board With Former Flipkart Executive

Ecommerce platform Meesho has roped in Surojit Chatterjee as an independent director to its board. The development was first reported

13 May 2024 1:49 pm
Exclusive: D2C Sneaker Brand Comet To Raise Series A Funding From Elevation Capital, Nexus

Bengaluru-based D2C sneaker brand Comet is in advanced stages of discussions with Elevation Capital and Nexus Venture Partners to raise

11 May 2024 3:43 pm
National Technology Day: Whats Fabricating In Indias Semiconductor Space?

From advancements in artificial intelligence (AI) to streamlining digital payments through the development of the Unified Payments Interface (UPI), and

11 May 2024 2:10 pm
Govt Inks MoU With Mahindra Group To Skill 500 Women In Drone Operation

The union government has signed a memorandum of understanding (MoU) with Indian conglomerate Mahindra & Mahindra (M&M) to conduct two

11 May 2024 9:21 am
Months After Ban, Binance & Kucoin Get FIU Nod To Operate In India

Currently banned by the Indian government, crypto exchange Binance has reportedly received approval from the Financial Intelligence Unit (FIU) of

11 May 2024 9:21 am
TBO Tek IPO Closes With 86.7X Subscription, QIBs Place Maximum Bids

B2B travel portal Travel Boutique Online or TBO Tek received an overwhelming response for its initial public offering (IPO), with

10 May 2024 9:38 pm
Crackdown On Cybercrimes: Telecom Department Orders Blocking 28,200 Mobile Handsets

In a major crackdown against the rising tide of OTP and digital scams in the country, the Department of Telecommunications

10 May 2024 9:21 pm
MSHs Investor Connect Programme To Connect Over 10 Startups With Investors In Bhubaneswar

The next event as part of MeitY Startup Hubs (MSHs) nationwide series of Investor Connect Programme will be held at

10 May 2024 9:08 pm