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UNICORN STATUS
Skyroot Aerospace forecasts Rs 977 crore in revenues by FY27, ahead of Vikram-1 launchIndian space startup Skyroot Aerospace projects significant revenue growth, aiming for over Rs 13,000 crore by FY32, driven by launch servi...- ‘Self-respect’, ‘hurts competitiveness in AI’: Sridhar Vembu, Andrew Ng sound alarm over new US Green Card rulesNew US green card rules are drawing sharp criticism. Tech leaders and Indian entrepreneurs warn of impacts on innovation and families. The ...
- Swiggy’s shareholder setback; Walmart’s Flipkart pushHappy Friday! Swiggy’s move to become an Indian-owned company hit a setback after the shareholder vote fell short. This and more in today’s...
- Rocket dreams and unicorns: Investors bet on a long and high rideIndia's private space sector is experiencing a surge in global investment. Skyroot Aerospace has become the country's first space unicorn, ...
- Skyroot hits unicorn status, but India's private space race needs clearer skiesHyderabad's Skyroot Aerospace has become India's first space launch vehicle unicorn. This achievement fuels the nation's space technology s...
- Stock trading startup Sahi secures $33 million from Accel, ElevationBengaluru's Sahi, a stock trading platform, has raised $33 million, valuing it at $200 million. The funds will fuel expansion into margin t...
- The IPO afterlife for unicorns: How mutual funds are doubling down on next-gen leadersIndian mutual funds have boosted their investments in five new-age companies. Funds poured into stocks like Urban Company, Ather Energy, Le...
- How does Stormy Daniels look now? You will be stunned if you see her nowStormy Daniels made headlines after a surprising public appearance in Atlanta, where fans noticed a dramatically different look from her ea...
- Canva unveils new platform, transitions to ‘AI platform with design tools’ from ‘design platform with AI tools’Design giant Canva unveiled its AI-native platform, Canva 2.0, powered by its own models. This shift transforms it into an AI platform with...
- AI-armed founders disrupting venture capitalism?Indian venture capitalists hold billions, but the traditional funding model faces disruption. Founders now build and scale businesses with ...
- Ola's AI smart assistant 'Kruti' goes dark across app platformsWhile 'Kruti' was not accessible via its direct website, kruti.ai, which showed a "site not found" error, users accessing it through Olakru...
- Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...
- Indian unicorns hit $385 billion valuation in 2024 amid surge in IPOs, acquisitions: reportThe report also noted that 29 unicorns were profitable in 2024, including companies like Zerodha, MakeMyTrip and InfoEdge. However, one-fif...
- Fintech lending platform Moneyview acquires fintech startup Jify; attains unicorn statusMoneyview, which did not receive any fresh money in the deal, had last raised $75 million at a post-money valuation of $900 million in 2022...
- India’s startup landscape: Funding winter continues as investment plummetsA new report brings out the continuing downward trend in funding, as investors remain more cautious and selective, even as India remained t...
- ETtech Deals Digest: Perfios, Lohum deals boost startup funding nearly 3x to $187 million this weekThe two deals helped push up overall funding numbers by nearly three times to $186.6 million, deployed across 10 deals. This was up 188% fr...
- Just getting startedGrowth- and late-stage deals comprise around 85% of the total funding. Deals in all stages of funding showed growth in CY21 but growth- and...
- Every second founder of a unicorn this year is an IITianEvery second founder of Indian startups that turned a unicorn this year is an alumnus of one of four oldest Indian Institutes of Technology...
- Most unicorn founders this year are IITiansAs many as 30 of the 58 founders of these are engineering graduates from the IITs of Delhi, Bombay, Kharagpur or Kanpur, according to a stu...
- Infosys took 18 years to become what Hike has managed to do in just 3 yearsIndia's most valued tech company Flipkart took five years to reach the unicorn status, while Ola took about four and half years to reach th...
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