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PROTONN FUNDING
Travel fintech Scapia raises $23 million in round led by Elevation Capital, Binny Bansal’s Three State Ventures, othersThe new capital will be used to double down on the company’s growth, expand its customer base, onboard more banking partners, and strengthe...- Indian startups now struggling to survive in creator economy spaceStartups in the Indian creator economy space are struggling to stay afloat primarily due to their failure to find a product-market fit even...
- Prosus CEO warns of more startup valuation cuts; RTP Global closes $1 billion fundThe froth of the low-interest rate regime hasn’t been fully washed away from the startup ecosystem and more valuation corrections await on ...
- Anil Goteti’s Scapia raises $9 million in seed capital from Matrix, Tanglin, Binny Bansal's fundScapia, a startup founded by Anil Goteti, a former senior executive at Flipkart, has raised $9 million (around Rs 73 crore) in its first ro...
- Ripple effects of Byju’s crisis; Foxconn pings others as Vedanta JV stallsThe crisis at Byju’s is experienced first-hand by its employees, who now stare at an uncertain future as their employer battles one problem...
- Startup dreamers return to IT firms after layoffs; Zomato reports Rs 360 crore net loss in Q4IT firms have been battling record attrition of late, so startups’ loss is their gain.
- Zomato net loss jumps to Rs 360 crore in Q4; Invact Metaversity is in troubleTotal revenue grew to Rs 1,350 crore in Q4 from Rs 750.8 crore in the same quarter in FY21.
- Protonn shuts its business, returns $9 million to investorsProtonn could not find the right product-market fit and the founders did not agree to pivot its business model. It has completely shut oper...
- Govt asked to redefine ‘startup’; Grover and out (for now)In a note to the government, IVCA industry body, has proposed a new definition for startups and a relook at direct overseas listing. Bharat...
- Hiring platform Spottabl raises Rs 3.5 crores in seed roundThe round saw participation from Paradigm Shift VC Binny Bansal, co-founder of Flipkart and xto10x, LetsVenture, and few former top executi...
- Investors make a beeline for HR tech startupsHR tech startups such as Apna.co, My Ally, Refyne, DarwinBox, Sense, Advantage Club and Protonn have raised a total of $200 million to $250...
- Protonn raises $9 million in seed fundingProminent angel investors including Flipkart co-founder Binny Bansal, Flipkart CEO Kalyan Krishnamurthy and Cred founder Kunal Shah also pa...
- Ant may dilute Paytm stakeLess than a month ago we reported that Jack Ma's Ant Group may not be able to participate in Paytm's IPO. Now, sources tell us the Chinese ...
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