Though Darwinbox's Ebitda margin has improved by 17 percentage points in FY24, the HRTech SaaS firm is yet to turn net profitable.
M-League, the parent firm of Mobile Premier League (MPL) and GameDuell, said it broke even with an adjusted EBITDA of $0.2 million
The gaming sector holds immense potential not only for employment generation but also for attracting significant foreign direct investment, Kharge has said
Jetapult will provide capital to support the expansion of UMX's existing portfolio, expand its audiences across global markets, and build games in new genres.
As part of the acquisition, Licious will have an additional 22 physical stores which will give it an edge over industry peers like Zepto, Tata BigBasket and help it compete closely with legacy players like Venkys, Nandus and others.
WinZO stated that the ESOP buyback is a part of the skill gaming firm's efforts to attract and retain top technology and product talent amid ongoing headwinds in the sector including 400% GST increase.
Loco stated this deal will enable the startup to expand to multiple new global markets within the next 12 markets.
Sandberg was part of a $7-million funding round led by Accel, an existing investor in Simplismart
Founders of top new age brands at the Moneycontrol Startup Conclave noted that while online presence is crucial for discovery and initial engagement, the physical experience is essential for building trust and scaling in certain categories.
The startup ecosystem has long complained that the angel tax regime, which was originally started in 2012 as an anti-abuse measure to prevent money laundering, actually drove away smaller investors who couldn't afford the compliance burden.
Marking the inaugural of the Startup Exclusive Branch, the city-headquartered bank launched 'IOB Startup Current Account' and credit scheme 'IOB Pragati' for financing startups.
With this alliance, Meradoc's digital-health platform and its services will now become available 24x7 on a real-time basis to MakeMyTrip customers across India, the company said in a statement.
This comes hours after the company issued a swift denial following reports, saying that it has not received any notice from the Enforcement Directorate.
Funds raised will be used for research and development, including artificial intelligence (AI), and to significantly scale the company's SaaS offerings, especially in niche financial crime areas.
The big news is that VC firms, both overseas India-dedicated and domestic funds, have garnered around US$10 billion in the last 12 months
Meesho and Dealshare have slashed cloud costs by as much as 50 percent, according to UnearthInsight’s data
Budget for at least three years of personal expenses to allow your business some time to take off.
EVIFY plans to have a fleet of 2000 vehicles deployed successfully in Surat, Ahmedabad, Vadodara and Rajkot by the end of 2024.
It further revealed that gender diversity in start-ups across levels is low, with an overall 24 per cent women representation and a negligible 11 per cent in leadership positions.
The startup, founded by former Myntra CEO Amar Nagaram, will use the capital to further technology development and hiring
McCain Foods' potato production project is one another such step for the village farmers to bring the paradigm shift in the state.
Zype, which is focused on upping credit accessibility to millennials and help them develop sustainable financial habits, will deploy the funds for the technology platform, expanding team and customer acquisition, as per a statement.
Indus, which is heavily inspired by Indian culture and mythology, is set in a Wakanda-like futuristic India with the Indus Valley civilisation as the backdrop of the story.
India's most valuable startup, valued at $22 billion, has appointed an adviser to discuss tweaks in covenants of the term loan B with creditors
