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  • Hurun finds 51 ‘gazelles’ and 71 ‘cheetahs’ in Indian startup ecosystem Jun 29, 2022 09:01 PM IST

    Hurun finds 51 ‘gazelles’ and 71 ‘cheetahs’ in Indian startup ecosystem

    There are 122 startups in India who are likely to enter the unicorn club in India, according to a report by Hurun. The ones which may achieve a billion dollar valuation in two years are termed as gazelles and those who are likely to do so in four years are called cheetahs in the report

  • Profitability first, then IPO, so you don’t have to sell your story much to the public: Meesho’s Vidit Aatrey Jun 29, 2022 07:59 AM IST

    Profitability first, then IPO, so you don’t have to sell your story much to the public: Meesho’s Vidit Aatrey

    Aatrey’s comments come at a time when high-growth tech companies, which got listed on the bourses last year, including unicorns such as Paytm, Zomato, and PolicyBazaar, among others have been dumped by public market investors as these firms have never managed to show a company-level profit.

  • Slice gets shareholders' approval to raise Rs 200 crore through NCDs Jun 28, 2022 04:27 PM IST

    Slice gets shareholders' approval to raise Rs 200 crore through NCDs

    The debenture issue follows the company's Series C round where it raised $50 million

  • School-based startups defying larger edtech trends; opportunity to double down on growth: LEAD co-founder Sumeet Mehta Jun 27, 2022 05:00 PM IST

    School-based startups defying larger edtech trends; opportunity to double down on growth: LEAD co-founder Sumeet Mehta

    Mehta said targeting schools is the best way to improve the learning outcomes of children. The company plans to stay away from tuition and test prep.

  • India leading the way of innovation, one unicorn coming up every 10 days: PM Modi in Germany Jun 26, 2022 07:02 PM IST

    India leading the way of innovation, one unicorn coming up every 10 days: PM Modi in Germany

    "There was a time when India was nowhere in the race of startups. Today, we are the third-largest startup ecosystem," Modi said, while addressing the Indian diaspora in Munich.

  • Edtech unicorn Vedantu's loss widens four times in FY21 as employee expenses soar Jun 24, 2022 10:35 AM IST

    Edtech unicorn Vedantu's loss widens four times in FY21 as employee expenses soar

    The edtech company, which got valued at over a billion dollars in September last year, reported a fourfold increase in expenses to Rs 744 crore for FY21 from Rs 186 crore a year earlier, as employee benefit expenses rose to Rs 408 crore in FY21 from Rs 88 crore in FY20

  • Unicorn debt marketplace CredAvenue rebrands to Yubi Jun 22, 2022 11:34 AM IST

    Unicorn debt marketplace CredAvenue rebrands to Yubi

    The company said that the rebranding is in line with its plans to expand its footprint globally starting with UAE.

  • Joy of meeting in person, but some caution as unicorn founders get together after two years amid funding winter Jun 17, 2022 12:27 PM IST

    Joy of meeting in person, but some caution as unicorn founders get together after two years amid funding winter

    The sentiment suffused thousands of founders, investors, bankers, and advisors among others, who attended the India Unicorn Summit 2022 arranged by TiE Mumbai at the exuberant Jio World Convention Centre in Mumbai last week.

  • Where are India’s climate tech unicorns? Jun 16, 2022 04:28 PM IST

    Where are India’s climate tech unicorns?

    Expedited action from both the policymakers and entrepreneurs is crucial for India Inc. to claim its rightful share of the pie, and usher in the next wave of ‘green unicorns’

  • Edtech unicorn Upgrad doubles valuation to $2.25 billion Jun 16, 2022 12:53 PM IST

    Edtech unicorn Upgrad doubles valuation to $2.25 billion

    India’s UpGrad Education Pvt, founded by Ronnie Screwvala, increased its valuation to $2.25 billion in the round that included billionaire James Murdoch’s Lupa Systems LLC and US testing and assessment provider Educational Testing Service, according to a person familiar with the deal.

  • Allen launches digital arm to take on multi-billion dollar edtech firms Jun 14, 2022 03:03 PM IST

    Allen launches digital arm to take on multi-billion dollar edtech firms

    The company's move into the online space comes at a time when edtech firms such as Unacademy and Byju's are going the opposite way by launching physical centres as competition grows in the offline space

  • Bits To Billions | How Open became India's 100th unicorn and Kerala's first unicorn: Meet its founders Jun 13, 2022 08:11 PM IST

    Bits To Billions | How Open became India's 100th unicorn and Kerala's first unicorn: Meet its founders

    Founded in 2017 by former PayU and Citrus Pay executives and serial entrepreneurs Anish Achuthan, Mabel Chacko, and Ajeesh Achuthan, along with Deena Jacob, Open focuses on small and medium-sized businesses by offering them a business current account. Their next big bets include revenue-based financing early settlement, working capital loans, and business credit cards to SMEs on its platform. Open is aiming to disburse $1 billion in loans through the new suite of products on the platform in the next 12 months. In this episode of Bits to Billions, the founders opened up to Moneycontrol's Chandra R Srikanth on the early years, why Open is relevant, and the criticism that family dominates the leadership.

  • Fintech unicorn Cred raises $80 million from GIC, others at $6.2 billion valuation Jun 09, 2022 09:06 PM IST

    Fintech unicorn Cred raises $80 million from GIC, others at $6.2 billion valuation

    According to Moneycontrol estimates, the Kunal Shah-led company has raised the money at a valuation of almost $6.22 billion. Existing investors Tiger Global, Sofina Ventures, Alpha Wave Ventures and DF International also participated in the funding round

  • Sequoia-backed Purplle joins unicorn club after $33mn fundraise Jun 09, 2022 01:59 PM IST

    Sequoia-backed Purplle joins unicorn club after $33mn fundraise

    Purplle becomes India's 102nd unicorn or a startup valued at $1 billion or more. The company raised the latest round at a valuation of $1.1 billion

  • From college dropout to leading unicorn startup: PhysicsWallah CEO Alakh Pandey’s success story Jun 09, 2022 08:51 AM IST

    From college dropout to leading unicorn startup: PhysicsWallah CEO Alakh Pandey’s success story

    With its newly-secured $100 million funding, Edtech startup Physics Wallah is looking to expand its business by opening more offline centres and introducing courses in vernacular languages

  • Age of incremental change is over, its time for exponential growth in higher education: Govt Jun 08, 2022 07:49 PM IST

    Age of incremental change is over, its time for exponential growth in higher education: Govt

    On the sidelines of Visitor’s Conference 2022, President Kovind met distinguished donors and philanthropists who have donated to IISc Bangalore and IIT Madras to strengthen the educational infrastructure and develop new research and innovation centers at these institutions.

  • PhysicsWallah raises $100 million from Westbridge, GSV Ventures, joins unicorn club Jun 07, 2022 01:22 PM IST

    PhysicsWallah raises $100 million from Westbridge, GSV Ventures, joins unicorn club

    PhysicsWallah raised the money at $1.1 billion valuation, becoming India's 101st unicorn, the company said. PhysicsWallah said it plans to use the funds for business expansion, branding, opening more offline learning centres, and introducing more course offerings, the company added.

  • Tiger Global-backed unicorn Gupshup buys omnichannel customer service platform OneDirect Jun 02, 2022 03:10 PM IST

    Tiger Global-backed unicorn Gupshup buys omnichannel customer service platform OneDirect

    OneDirect’s notable customers have a strong overlap with those of Gupshup and include brands like Canara Bank, Tata Capital, SBI Card, and Paytm, among others, Gupshup said.

  • He rejected an offer from Unacademy and now runs an edtech worth a billion dollars: Meet PhysicsWallah’s Alakh Pandey May 28, 2022 08:50 AM IST

    He rejected an offer from Unacademy and now runs an edtech worth a billion dollars: Meet PhysicsWallah’s Alakh Pandey

    "My students inspire me, that’s what keeps me going," says the PhysicsWallah cofounder who shunned an offer worth millions

  • Analysis: Zombie unicorns - Indian startups go from feast to famine May 18, 2022 03:56 PM IST

    Analysis: Zombie unicorns - Indian startups go from feast to famine

    They aimed to ride a boom in India’s tech startups, which raised a record $35 billion in new funds in 2021, but the tide has since turned, as corporate governance concerns loom large for investors facing a new uncertainty in global markets.

  • Indian startups score unicorn century May 06, 2022 09:11 AM IST

    Indian startups score unicorn century

    There is a chance for India to go up even further in the unicorn pecking order as China has recently cracked down on its tech companies in order to gain better control over them. This has made investment into China, till recently the technology hub to be in, less attractive

  • Edtech unicorn Vedantu follows Unacademy, Lido Learning, lays off 200 employees May 05, 2022 09:53 PM IST

    Edtech unicorn Vedantu follows Unacademy, Lido Learning, lays off 200 employees

    Vedantu’s move of laying off employees comes amid murmurs that the edtech sector in India is slowing down with schools and physical tuition classes reopening, thanks to decreasing Covid-19 cases across the country.

  • MC Interview | $200 mn ARR is when we shall look to float an IPO, says Vedantu co-founder Vamsi Krishna Apr 21, 2022 03:23 PM IST

    MC Interview | $200 mn ARR is when we shall look to float an IPO, says Vedantu co-founder Vamsi Krishna

    When we are targeting the number, we are contemplating whether it will lead to 25% margin or 30% margin. Anywhere above 25%, we shall be super happy, says Krishna

  • My competition is with users’ time spent on mobile phones: DailyHunt founder Virendra Gupta Apr 06, 2022 10:58 AM IST

    My competition is with users’ time spent on mobile phones: DailyHunt founder Virendra Gupta

    VerSe cofounder Virendra Gupta says the biggest challenge for a short-video platform is to read the mind of the consumer and give them the content they want. He says the short-video space is a competitive and big space and, in an oblique reference to the ShareChat-MX TakaTak deal, questions the consolidation of two loss-making businesses.

  • How Zoho’s Sridhar Vembu and Zerodha’s Nithin Kamath transfer middle class values to their kids Apr 04, 2022 06:43 PM IST

    How Zoho’s Sridhar Vembu and Zerodha’s Nithin Kamath transfer middle class values to their kids

    Zoho CEO Sridhar Vembu said, "Nobody in the family assumes that they have some wealth that they can draw from. They all want to work for their living."

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