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PROTONN SHUT DOWN
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.
- Former Twitter India head’s startup Invact Metaversity stares at shutdownMaheshwari’s ‘irreconcilable differences’ with co-founder Tanay Pratap is said to be the reason for the move, according to an email that Pr...
- 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...
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