Startups

The fintech unicorn Cred has unveiled its financial results for fiscal 2023, concluding on March 31, 2023. In a remarkable display of growth, Cred revenue from operations reached an all-time high of Rs 1,400.6 crore in FY23, with an...

In the dynamic world of Indian finance, the first half of the fiscal year 2023-24 (H1 FY'24) has brought forth intriguing trends in initial public offerings (IPOs) and public equity fundraising. According to the PRIME Database, Indian companies took...

The surge in venture activity during 2021 and 2022 propelled the valuations of technology companies to unprecedented heights, resulting in a surge in the count of privately held billion-dollar companies, aka unicorns. The global number of unicorn companies reached...

Byju's, once the world's highest-valued Edtech startup, is currently grappling with several challenges that have not just raised concerns among employees and stakeholders alike. With the recent news of delayed joining dates for new employees, layoffs, valuation cuts, and...

The edtech industry, once a beacon of opportunity, is facing a challenging time as Byju's, India's largest edtech company, grapples with layoffs and financial troubles. In the past six months alone, the edtech company has let go of nearly...

In the wake of the Covid-19 pandemic, Indian companies, particularly the much-celebrated startup unicorns, have found themselves caught in a whirlwind of financial woes. Layoffs, drying funding, lack of talent and work-from-home challenges have become the order of the...

The rise of EdTech startups in India is primarily driven by the increasing demand for online education and upskilling opportunities. However, amidst this educational transformation, the edtech sector has also witnessed a concerning rise in fraudulent activities. One such...

The relentless impact of the Covid-19 pandemic has thrown countless businesses and individuals into a whirlwind of trouble. One such company is NestAway, the Indian e-commerce platform for shared home rentals. The impact has been so severe that NestAway,...

Creditors engaged in negotiations with Byju's, India's most valuable startup, have abruptly ended discussions related to restructuring a $1.2 billion loan, adding to the mounting challenges faced by the beleaguered edtech startup. Citing some unknown sources, Bloomberg reports the talks...

Byju's once again finds itself in hot waters. The latest blow comes from none other than Blackrock, the world's largest asset manager, who has dramatically reduced Byju's valuation for the second time in just three months this year. India's...