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Startup Inc’s report card; new data rules spark concernsHappy Monday! Startups focussed on profitability in FY24, but challenges loomed. This and more in today’s ETtech Morning Dispatch.- Year in Review: Startup funding freeze saw signs of thaw in 2024Indian startups raised slightly more funding in 2024 than in 2023, but the ecosystem remained slow. Fewer deals were closed. Several new un...
- Prosus writes off investment in Byju's marking $493 million lossProsus writes off 9.6% stake in Byju's worth $493 million due to value decrease as per HSBC note. Also marks investment in Primrose Hill (Z...
- SoftBank’s Masayoshi Son meets top startup founders, CEOs on India visit; attends Ritesh Agarwal’s weddingSon told portfolio firms instinct to invest in India has become a core belief now
- In-depth: How startups are pruning costs as funding continues to plummetIn January, Indian startups raised only $1.38 billion in venture funding, nearly 70% lower than in the same period of 2022, reflecting the ...
- 2022 Year in Review | Udaan, Ola and Oyo log most senior executive exits this yearAt least 50 top executives - ranging from C-suite to category and business heads - left Udaan in 2022, as the company grappled with funding...
- India saw 14 new unicorns in Jan-June; up from 13 year-on-year: TracxnIndia ranks third in overall unicorns created, with the United States in first position, followed by China, Tracxn added.
- Early-stage deals in India more than doubled to $2 billion in Q1 2022: reportTotal funding in the first quarter of FY22 was up nearly 80% year-on-year (YoY) to $9.2 billion from $5.1 billion in the same quarter last ...
- SoftBank-backed ElasticRun’s revenue doubles to Rs 1,087 crore in FY21The company, which sells FMCG products to kirana (corner) stores, said it was in “the process of expansion of the distribution network pan-...
- ETtech Deals Digest: Uniphore, ElasticRun, Pine Labs raise fundsArtificial intelligence platform Uniphore, business-to-business (B2B) ecommerce firm ElasticRun and digital payments and financial service ...
- BharatPe saga just won’t quit; PharmEasy may revise IPO valuationSeveral sources have told us that head of controls Madhuri Jain – who is also cofounder Ashneer Grover’s wife – wrote to the company board ...
- ElasticRun raises $330 mn led by SoftBank, Prosus Ventures, Goldman SachsThe company has tripled its valuation from $400 million to $1.5 billion after the funding round, cofounder and CEO Sandeep Deshmukh told ET.
- China ‘concerned’ about India’s app bans; Flipkart tests 45-min grocery deliveryDays after India conducted its fifth round of Chinese app bans since June 2020, blocking access to 54 apps, China has said it has serious c...
- The state of CBDCsThis week the International Monetary Fund (IMF) released a report outlining six case studies of central bank digital currencies (CBDCs).
- ETtech Deals Digest: Polygon, ElasticRun, Livspace raise fundsSecondary scaling solution Polygon, kirana-focused business-to-business ecommerce firm ElasticRun and Omnichannel home interiors platform L...
- SoftBank-led funding more than triples ElasticRun’s valuation to $1.5 billionStarted in 2016 by former Amazon executives Sandeep Deshmukh, Shitiz Bansal and Saurabh Nigam, ElasticRun enables small kiranas across the ...
- Fundraising will only get better in 2022, startup founders sayAlmost 92% of founders who attempted to raise capital in 2021 said they had a favourable experience and 75% of them expect the environment ...
- ETtech Deals Digest: Urban Company, ElasticRun raise funds this weekOn-demand home service provider Urban Company and corner-stores commerce platform ElasticRun were among the startups that raise funds this ...
- India remains the No 1 focus for Naspers: Group CEO Bob van DijkSouth African firm has ploughed $4 billion into India over past five years, making it the second largest internet investor after SoftBank.
- South Africa’s Naspers may lead $55 million round in logistics startup ElasticRunPost funding, the valuation of firm may touch $250 million.
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