High single-digit EBITDA will be required for startups planning initial public offerings, says Sequoia India Managing Director Rajan Anandan
Addressing the post-budget webinar on women empowerment, Modi highlighted that enrolment of women in the fields of engineering, science, technology and maths in the country today was 42 per cent.
Emeritus co-founders Ashwin Damera and Chaitanya Kalipatnapu expect their revenue to grow about 40 percent in 2022-23.
Singhal’s comments on Indian startups having a good party come at a time when the fund flow has been reduced to a trickle since the start of 2023
Gokulnath's optimism about the hybrid learning model comes at a time when Byju's is looking to expand its offline footprint by opening more hybrid centres, owing to dwindling demand for pureplay online learning, which was the company's mainstay until last year.
OfBusiness and Infra.Market were the only two unicorns having a profit of more than Rs 100 crore for FY22
Nearly half of the country’s 107 unicorns that have filed their financial reports for FY22 have a last-twelve-months average revenue multiple of around 30, according to data compiled by Moneycontrol, higher than most geographies, where such multiples are in the range of 15-20 for high-growth companies, investors and bankers said.
While Zomato’s adjusted EBITDA for Q3 for the food delivery business, zoomed 10x to Rs 23 crore from Rs 2 crore in Q2 FY23 (2022-23), the company burnt Rs 53 crore in the Oct-Dec quarter on its business-to-business (B2B) supplies platform Hyperpure, which weighed on the overall adjusted EBITDA (excluding Blinkit)
PhonePe will have an EBITDA profit of Rs 1,797 crore in the calendar year 2025, with an EBITDA margin of 19.7 percent, the company's management told audit firm KPMG
Prepladder Neuros launch delayed till March as about 14 teachers have resigned over the last four months
Byju Raveendran said that the company is experiencing continued momentum in demand for its core business, which is online K-12 learning, even as some of the company's closest competitors are witnessing slower growth following the pandemic.
In a chat with Moneycontrol, Bjyu’s founder Byju Raveendran and co-founder Divya Gokulnath exuded confidence about turning profitable on a company level over the next quarter. They also spoke about exiting some branding contracts to optimise costs.
Byju's currently has three large branding partnerships with the BCCI (Board of Control for Cricket in India), ICC (International Cricket Council), and FIFA (Federation Internationale de Football Association) that will be up for renewal, but the company will not renew any of them, according to co-founder and CEO Byju Raveendran.
Raveendran also claimed that by the end of this quarter or by the next quarter FY24, Byju's will turn profitable on a company level
The change in sales strategy for Byju's follows the company's meetings with the National Commission for Protection of Child Rights (NCPCR) in December, where the company was asked by the child rights' body to make necessary changes to its sales tactics amid complaints of mis-selling and over-selling.
The latest round of layoffs and Relevel's move to shut down its core business further highlights the predicament of the job guarantee vertical, which was struggling since August last year
Leap Scholar's expenses grew more than 7 times to Rs 121 crore during the year, which led to the firm reporting a widening loss of Rs 80.3 crore for FY22
After a tumultuous 2022, as investors and founders gear up for an uncertain 2023, it will be interesting to see who wins the race--mythical unicorn beasts or grounded, immune cockroaches that can outlive a nuclear war
As we prepare to ring in 2023, Moneycontrol's Tech and Startup team put together a handy glossary of names, themes, and trends that became part of our vocabulary in 2022.
The startup superstar has gone from hero to zero rather rapidly. Will the picture be somewhat different in 2023? Coming soon to a screen near you
The top 20 employees of Flipkart, the most senior and early staffers of the e-commerce giant, will be getting as much as $200 million out of the $700 million payout,
Compared to last year's total of 542, only 244 new unicorns have been created globally so far in 2022, while only 23 new unicorns have been minted in India this year, compared to 44 in 2021.
The Japanese conglomerate, which posted huge losses globally, also logged the highest number of exits from India this year
This comes at a time when agritech has been receiving continued investor interest even as the rest of the ecosystem struggles through a funding winter, as per a report by Avendus Capital
In terms of value, Tiger Global has slowed in India this year, as it has globally, shows data. Tiger Global invested $807 million in the first eleven months of 2022, a 70 percent decrease from the previous year's total of $2.75 billion.