#StartupsWithMC | Deliberations on the future of regulating crypto during G20 Summit has left the crypto industry players hopeful as governments across the world look to regulate it.
Here's more ⬇️
https://www.moneycontrol.com/news/business/startup/g20-discussions-on-crypto-leaves-industry-hopeful-as-blanket-ban-unlikely-11359941.html?utm_source=telegram&utm_medium=social
Here's more ⬇️
https://www.moneycontrol.com/news/business/startup/g20-discussions-on-crypto-leaves-industry-hopeful-as-blanket-ban-unlikely-11359941.html?utm_source=telegram&utm_medium=social
Moneycontrol
G20 discussions on crypto leaves industry hopeful, as blanket ban unlikely
Crypto exchanges and industry experts welcomed IMF-FSB synthesis paper’s stance on reducing data gaps, focus on understanding the digital asset.
#StartupsWithMC | Eruditus is looking to raise about $120-150 million in a mix of new financing and secondary fund infusion with half of it expected to be a secondary component, as per sources.
More details ⬇️
https://www.moneycontrol.com/news/business/startup/softbank-cppib-to-participate-in-eruditus-secondary-funding-round-11364911.html?utm_source=telegram&utm_medium=social
More details ⬇️
https://www.moneycontrol.com/news/business/startup/softbank-cppib-to-participate-in-eruditus-secondary-funding-round-11364911.html?utm_source=telegram&utm_medium=social
Moneycontrol
SoftBank, CPPIB to participate in Eruditus’ $60-70 mn secondary funding, likely at 20% discount
The secondary funding round is also likely to see participation from a new investor with a sovereign wealth fund showing interest
#StartupsWithMC | Zerodha reported a 39% growth in profits and a 38.5% growth in revenue for the financial year 2022-23 at Rs 6,875 crore.
More details⬇️
https://www.moneycontrol.com/news/business/startup/zerodhas-fy23-profit-and-revenue-up-nearly-39-to-rs-2907-crore-and-rs-6875-crore-11432111.html?utm_source=telegram&utm_medium=social
More details⬇️
https://www.moneycontrol.com/news/business/startup/zerodhas-fy23-profit-and-revenue-up-nearly-39-to-rs-2907-crore-and-rs-6875-crore-11432111.html?utm_source=telegram&utm_medium=social
Moneycontrol
Zerodha's FY23 profit and revenue up nearly 39% to Rs 2,907 cr and Rs 6,875 cr
The largest retail broking firm in the country has an active client base of around 64 lakh as of August this year. However, the figures have stagnated over the last 18 months and there is an apprehension that its topline and profit could be flat in FY24
#StartupsWithMC | India ranks fourth globally among startups that have received more than $50 million in disclosed venture capital investment, as per a report.
Here's more ⬇️
https://moneycontrol.com/news/business/startup/india-ranks-fourth-globally-among-startups-with-over-50-million-disclosed-vc-funding-report-finds-11439191.html?utm_medium=social&utm_source=telegram
Here's more ⬇️
https://moneycontrol.com/news/business/startup/india-ranks-fourth-globally-among-startups-with-over-50-million-disclosed-vc-funding-report-finds-11439191.html?utm_medium=social&utm_source=telegram
#StartUpsWithMC | Layoffs by Indian startups have surpassed the 30,000 mark since the beginning of 2022, following Byju's announcement of a restructuring exercise this week that will affect over 4,000 employees.
Discover the details here 👇
https://moneycontrol.com/news/business/startup/indian-startups-have-laid-off-over-30000-employees-since-the-beginning-of-2022-11444151.html?utm_medium=social&utm_source=telegram
Discover the details here 👇
https://moneycontrol.com/news/business/startup/indian-startups-have-laid-off-over-30000-employees-since-the-beginning-of-2022-11444151.html?utm_medium=social&utm_source=telegram
#StartupsWithMC | Small sellers on e-commerce platforms are looking to spend 75% more than they did in the year on online advertising to drive sales in the festival season, as per a report.
Read on ⬇️
https://www.moneycontrol.com/news/business/startup/small-sellers-to-up-e-commerce-ad-spends-by-75-for-festival-season-11450131.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Read on ⬇️
https://www.moneycontrol.com/news/business/startup/small-sellers-to-up-e-commerce-ad-spends-by-75-for-festival-season-11450131.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
#StartupsWithMC | US-based technology major Dell is considering to make a new investment in its research and development (R&D) center in Bengaluru.
Read to know more👇
https://www.moneycontrol.com/news/business/dell-mulls-fresh-investment-in-bengaluru-seeks-karnataka-govts-support-to-navigate-import-restrictions-on-sez-11457201.html?utm_source=telegram&utm_medium=social
Read to know more👇
https://www.moneycontrol.com/news/business/dell-mulls-fresh-investment-in-bengaluru-seeks-karnataka-govts-support-to-navigate-import-restrictions-on-sez-11457201.html?utm_source=telegram&utm_medium=social
#StartupsWithMC | Zoho witnessed a slowdown in its business in Sept across countries and its products on the back of tight macroeconomic pressure, said Co-founder and CEO, Sridhar Vembu.
Here's what else he shared ⬇️
https://www.moneycontrol.com/news/business/startup/global-economy-is-taking-a-turn-for-the-worse-says-zohos-ceo-sridhar-vembu-11463321.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Here's what else he shared ⬇️
https://www.moneycontrol.com/news/business/startup/global-economy-is-taking-a-turn-for-the-worse-says-zohos-ceo-sridhar-vembu-11463321.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
#StartupsWithMC: Krafton plans to incubate game development startups in India, a move that could strengthen its presence in the country and bolster India's potential as a global gaming hub
Read here 👇
https://www.moneycontrol.com/news/business/startup/bgmi-maker-krafton-debuts-india-specific-incubator-to-boost-local-game-development-11472371.html?utm_source=telegram&utm_medium=social
Read here 👇
https://www.moneycontrol.com/news/business/startup/bgmi-maker-krafton-debuts-india-specific-incubator-to-boost-local-game-development-11472371.html?utm_source=telegram&utm_medium=social
Moneycontrol
BGMI maker Krafton debuts India-specific incubator to boost local game development
Krafton India Gaming Incubator will provide game developers with guidance, mentorship, and financial assistance ranging from $50,000-$150,000
#StartupsWithMC | India is one of the fastest growing markets for Canva and the company will continue investing heavily in this region, Co-founder and COO Clifford Obrecht said.
He further added ⬇️
https://www.moneycontrol.com/news/business/startup/india-is-one-of-our-fastest-growing-markets-we-are-investing-heavily-here-canva-co-founder-cliff-obrecht-11477751.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
He further added ⬇️
https://www.moneycontrol.com/news/business/startup/india-is-one-of-our-fastest-growing-markets-we-are-investing-heavily-here-canva-co-founder-cliff-obrecht-11477751.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
India is one of our fastest growing markets, we are investing heavily here: Canva co-founder Cliff Obrecht
A Canva spokesperson told Moneycontrol that the company has doubled its users in India in the past one year alone. Canva also launched its all-in-one comprehensive AI-design platform, ‘Magic Studio.’