Startups

Indian companies going from zero to a billion-dollar-plus IPO in three or four years is now happening on a regular basis, said Nazara chief Nitish Mittersain.

Startup Street: Will the government’s mega RDI scheme boost innovation in startups?

India’s innovation model lacks patient and professionally managed capital to see R&D through to market

Zepto’s meat business CEO Chandan Rungta quits, latest in a string of recent exits

Apoorv Pandey, senior vice president, strategy, and Chandresh Dedhia, VP and head of information technology at Zepto, along with other employees who have spent over three years at the startup, have also quit in recent months

Nazara, Mixi Global Investments and ChimeraVC to launch LVL Zero, a gaming incubator for Indian startups

LVL Zero will seek to support more than 100 high-performing startups over the next five years and also offer equity-free grants from a pool of $100,000

Dream11 goes global, launches in 11 countries including the US and UK

Dream11's international expansion is expected to be a crucial step for the fantasy sports platform to broaden its footprint beyond India.

Consumer companies either become global brands or won't be a brand at all: Lenskart’s Peyush Bansal

Lenskart acquired Owndays in Japan and Stellio in Spain to grow its international presence. The Middle East and regions like Singapore are key to the company’s next phase of growth, says the CEO

TAM doesn’t matter. I don’t track it, that is an analyst’s job, says Lenskart’s Peyush Bansal

Even if it is Rs 5,000 crore, we can give vision to 50 percent of India and that is a sizable impact to create and so our job is not changing because of that, Peyush Bansal, CEO and co-founder, Lenskart, told Moneycontrol in an interview.

MC Interview: IPO not an exit event; Being a Promoter has an emotional angle: Lenskart’s Peyush Bansal

In a freewheeling chat with Moneycontrol, Peyush Bansal, CEO and co-founder of the company said it doesn't matter to him what the total addressable market (TAM) is beyond a certain point. "I don't get into this, I don’t track it. I think this is an analyst’s job."

Investment platform Wint Wealth in talks to close $20-million round led by Vertex Ventures

The deal comes amid continued investor interest in India’s wealthtech segment, which has been one of the more active fintech verticals since last year

India Quotient raises $129 million in Fund 5 to bet on early-stage startups

India Quotient has also promoted two of its executives, Kanika Agarrwal and Sahil Makkar, to the position of partner

Meesho receives SEBI approval for $800 million IPO as new-age companies line up to go public 

Meesho's net loss for FY25 stood at Rs 3,941 crore, up from Rs 305 crore, due to expenses related to flipping its base from the US to India. Without the exceptional item, Meesho’s net loss was Rs 289 crore.

Around 300 employees impacted at Zepto amid cost efficiency drive at the quick commerce company

A total of around 1,000 Zepto employees have been impacted since the beginning of the year, sources told Moneycontrol. Zepto is also cutting back its spends on AWS and other software and the company will go "very tight" on hiring.

Zepto and DMart at the same juncture, CEO Aadit Palicha in employee town hall a day after $450 million fundraise

“We have cracked proximity, but yet to crack value and DMart, the retail giant, has cracked value but not proximity,” Palicha is learnt to have said, per employees Moneycontrol spoke to.

Peak XV Partners to lead $25 million round in Stable Money, four months after $20 million fundraise

Stable Money's new funding round follows a $20 million investment from Fundamentum and others in June, as wealthtech platforms continue to attract investor interest

RMG ban effect: WinZO forays into gold investments after microdramas ahead of Dhanteras

WinZO's digital gold feature will help the gaming platform further diversify its offerings after the government's ban on real-money games

Zepto closes $450 million funding from Calpers and existing investors; taking total fundraise close to $2 billion in under two years

Zepto is now valued at $7 billion, up from $5 billion just last year. Moneycontrol had exclusively reported Zepto is nearing a $450 million funding round led by Calpers on October 1. CEO Aadit Palicha said Zepto has a cash balance of $900 million now.

BFSI sector doubles coworking footprint, signalling shift beyond startups

A BFSI lease can yield up to five to ten times the annual revenue of multiple startup clients combined, data shows

Quick services startup Snabbit relocates from Mumbai to Bengaluru’s Koramangala to tap tech talent

Snabbit is moving to Bengaluru at a time when industrialists and the state government are at loggerheads over infrastructure issues, traffic woes and other challenges that are crippling the city’s growth.

OPINION | 'Making My Janmabhoomi My Karmabhoomi': Why this techie came home to Hyderabad from US

Rising nativism in the West has taken the sheen off building a life there. An Indian techie who decided to come back writes that there’s never been a better time to get the best of both worlds: the joy of being home while being plugged into the world of cutting-edge technology

Oyo’s Ritesh Agarwal, Isha Ambani, BlissClub’s Minu Margaret and others feature in Hurun India’s Under 35 top entrepreneurs list

Nearly 76% of the entrepreneurs featuring on the list are first generation founders.

Wealthtech platform Dezerv raises Rs 350 crore funding round led by Premji Invest, Accel

The latest round takes Dezerv’s total capital raised to over Rs 850 crore since its launch in 2021, as per the firm, including its $32 million (approx. Rs 270 crore) Series B round in July last year.

Video game industry body GDAI sets up Policy Secretariat ahead of India's online gaming law rollout

GDAI stated that Policy Secretariat will act as a bridge between policymakers, regulators, and the video games industry, ensuring that India’s gaming landscape receives an enabling regulatory environment.

Andreessen Horowitz (a16z) to expand India presence with local hire

While Mint reported a16z would set up an office in India, the VC fund's general partner, Anish Acharya denied those developments. "As much as I adore India and the many impressive founders+investors in the region, this is entirely fake news," he said on his X account.

Mobile-first entertainment startup Rusk Media bags Rs 103-crore funding led by IvyCap Ventures

Rusk Media plans to use the funds to accelerate its international expansion and create new Gen-Z entertainment IPs

Tough luck? Astrotalk’s $100 million deal with Hornbill Capital comes unstuck over NSFW content flagged during due diligence

"All this is completely baseless as we never signed any term sheet with any investor," Anmol Jain, co-founder, Astrotalk, said in response to Moneycontrol's detailed queries.