BUSINESS
Exotel's operating revenue up 6% year-on-year to Rs 444 crores, loss at Rs 39 crores in FY24
Exotel also announced turning EBITDA positive in Q3 and Q4 FY24
TECHNOLOGY
Uber launches women-only bike taxi service 'Moto Women' in Bengaluru
New feature aims to address women’s safety concerns and will be open for women riders from 7.30 am to 8.30 pm
BUSINESS
Snapmint secures $18 mn in a mix of debt and equity to expand its no-cost EMI platform
Snapmint’s Funding round led by Prashasta Seth, Perpetuity Ventures, and Pegasus Fininvest
BUSINESS
ONDC cuts Dec incentive payout by 33% to Rs 40 lakh, records 14.4 mn transactions in Nov
ONDC recorded a transaction volume of 14.4 million in November as against 14 million orders in October.
BUSINESS
LambdaTest raises $38 million in new funding round led by Avataar Ventures
The firm, which has around 400 employees in India, the US and the UK, plans to expand its workforce by 15-20 percent in the next year
BUSINESS
Ex-Swiggy CTO Dale Vaz unveils ‘Sahi,’ a stock trading platform offering data-driven insights
The startup will be competing with startups like Zerodha, Groww and Upstox
BUSINESS
Exponent Energy to launch 'e-Park' in Bengaluru with 1GW battery manufacturing, R&D facilities
The announcement comes a year after the firm raised around $26 million in its Series B funding round led by Eight Roads Ventures and TDK Ventures
BUSINESS
Bhavish Aggarwal pledges 1.1% stake in Ola Electric to support AI firm Krutrim's expansion
In January, Krutrim was valued at $1 billion after it raised $50 million in funding led by Matrix Partners India, an early backer of Aggarwal's other ventures Ola Cabs and the IPO-bound Ola Electric.
BUSINESS
Festive cheer continues as India’s EV two-wheeler sales cross 1 million as of November
Ola Electric continues to lead the market with nearly 24.5% market share in November
BUSINESS
Uber launches 'Uber One' subscription plan in India
Uber One is offering benefits like Uber Credits and Zomato Gold complimentary subscription for its users.
BUSINESS
Global AI Conclave 2024: Indian SaaS founders talk about their GenAI strategy
From Whatfix to Amagi to SuperOps: Indian SaaS firms gear up for the Generative AI wave through talent training, setting up AI Labs, and working on monetisation plans.
BUSINESS
Ola Electric undertakes restructuring exercise, 500 employees to be impacted
According to sources within the organization, the company is undertaking the layoffs to improve its margins in its efforts to attain profitability.
BUSINESS
Coimbatore-based SaaS firm Kovai acquires Elevation Capital-backed Floik
Backed by Elevation Capital, Floik’s platform has enables companies to create interactive guides that walk users through software features step-by-step.
BUSINESS
95% layoffs, investor refunds, and a quest for survival: Inside Hubilo's struggle to find a new market fit
The firm has returned around $75 million out of the $150 million raised since its inception to investors.
BUSINESS
Tiger Global-backed Clevertap CEO Sidharth Malik steps down, co-founder Sunil Thomas back at helm
The former Freshwork’s CRO had joined the firm as Global CEO back in 2021 to drive Clevertap’s international growth. The development coincides with US-based firm’s plans to domicile in India in a run-up to hit the public markets
BUSINESS
Wheelocity pivots from B2B supply chain to B2C fresh commerce delivery with new funding
Along with the pivot, the firm has also announced raising $15 million in a mix of debt and equity led by Lightspeed Venture Partners.
BUSINESS
Nasdaq-listed Freshworks slashes 660 jobs as part of cost-cutting efforts
The firm has more than 5,000 employees on roll and has conducted multiple rounds of layoffs and management rejig since 2024.
BUSINESS
Freshworks revenue jumps 22% to $186.6 mn in Q3 on growth in sales and demand for AI
While announcing the earnings, Freshworks CEO said that the firm will be laying off around 660 employees or 15 percent of its overall headcount as part of its strategic priorities
BUSINESS
Trump's victory could help Indian startups, foster better collaboration, say Indian VCs
Trump’s strident anti-China stance along with the courting of Elon Musk and other tech billionaires will bring in policies favouring the industry, VCs hope
BUSINESS
Tiger Global-backed Jar's revenue rises to Rs 56 crores in FY24, losses down by 18%
Total expenses during FY24 has gone up by 16.7 percent to Rs 160 crore.
BUSINESS
ONDC records 14 mn transactions in Oct, marks 7.6% rise during festive season
Out of the total transaction volumes, the mobility segment contributed 5.5 million and the non-mobility segment contributed 8.4 million which has grown by 10 percent and 7.6 percent
STARTUP
HRTech SaaS firm Darwinbox reports 58% YoY jump in revenue to Rs 392 crore in FY24
Though Darwinbox's Ebitda margin has improved by 17 percentage points in FY24, the HRTech SaaS firm is yet to turn net profitable.
BUSINESS
Peak XV unveils 14 start-ups in 10th Cohort of Surge, its seed-stage platform for founders
The Surge platform has become a key launchpad for start-ups, which offers mentorship, resources and capital to help early-stage companies scale up. The latest cohort is expected to benefit from the platform's expertise as they navigate their growth journey in competitive markets around the globe.
BUSINESS
SurveyMonkey’s free product so good, hard to convert Indian users to paid plans: CEO Eric Johnson
25% of SurveyMonkey's R&D efforts will happen in India by 2025, Johnson said. The online survey platform has moved the development of several functions like market research and audience to the country.
