An audit by #EY last week found financial irregularities by the founders. This pulled the plug on #funding plans, pushing the company to cut costs and lay off employees.
Moneycontrol spoke to current and former employees, investors and industry watchers to understand the situation at Trell. 👇
https://www.moneycontrol.com/news/business/startup/amid-the-crisis-trell-employees-look-for-greener-pastures-8238681.html?utm_source=telegram&utm_medium=social
Moneycontrol spoke to current and former employees, investors and industry watchers to understand the situation at Trell. 👇
https://www.moneycontrol.com/news/business/startup/amid-the-crisis-trell-employees-look-for-greener-pastures-8238681.html?utm_source=telegram&utm_medium=social
Moneycontrol
Amid the crisis, Trell employees look for greener pastures
An audit by EY last week found financial irregularities by the founders. This pulled the plug on funding plans, pushing the company to cut costs and lay off employees.
#MCInterview: #Zepto's strong operating and execution chops soon saw #investor interest and steep valuations amid the #funding boom in Indian #startups.
Read more 👇
https://www.moneycontrol.com/news/business/user-retention-is-flat-post-40-minutes-95-of-indian-grocery-basket-can-be-covered-in-10-minutes-zepto-founder-and-ceo-aadit-palicha-8452201.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/user-retention-is-flat-post-40-minutes-95-of-indian-grocery-basket-can-be-covered-in-10-minutes-zepto-founder-and-ceo-aadit-palicha-8452201.html?utm_source=telegram&utm_medium=social
Moneycontrol
User retention is flat post 40 minutes, 95% of Indian grocery basket can be covered in 10 minutes: Zepto founder and CEO Aadit…
Zepto's strong operating and execution chops soon saw investor interest and steep valuations amid the funding boom in Indian startups.
#StartUpsWithMC: Shopflo, announced today that it has raised $2.6 million in its seed #funding from Tiger Global, TQ Ventures, Better Capital & a pool of angel #investors.
Read the details 👇
https://www.moneycontrol.com/news/business/startup/shopflo-raises-rs-20-crore-seed-funding-from-tiger-global-tq-ventures-others-8488231.html?utm_source=telegram&utm_medium=social
Read the details 👇
https://www.moneycontrol.com/news/business/startup/shopflo-raises-rs-20-crore-seed-funding-from-tiger-global-tq-ventures-others-8488231.html?utm_source=telegram&utm_medium=social
Moneycontrol
Shopflo raises Rs 20 crore seed funding from Tiger Global, TQ Ventures, others
With this round, Tiger Global has made its first seed investment as the global venture fund is commonly known for taking part in later stage rounds.
#MCProOpinion: As long as interest rates were rock bottom, #funds poured into venture capital funds. But the tide has turned and the 13-year bull run in #funding is over.
Read more 👇
https://www.moneycontrol.com/news/opinion/start-up-street-as-vc-funding-ebbs-start-ups-must-focus-on-value-not-valuation-8535701.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/opinion/start-up-street-as-vc-funding-ebbs-start-ups-must-focus-on-value-not-valuation-8535701.html?utm_source=telegram&utm_medium=social
Moneycontrol
Start-up Street: As VC funding ebbs, start-ups must focus on value, not valuation
Investor sentiment in Silicon Valley is the most negative since the dot-com crash
Thousands of layoffs, and a funding crunch, #startups have also resorted to shutting down non-core verticals, as they enter a bleak period, after a blockbuster #funding party that lasted for nearly two years.
Read at ⏬
https://www.moneycontrol.com/news/business/startup/layoffs-shutdowns-funding-crunch-the-great-indian-startup-party-is-over-8562681.html?utm_source=telegram&utm_medium=social
Read at ⏬
https://www.moneycontrol.com/news/business/startup/layoffs-shutdowns-funding-crunch-the-great-indian-startup-party-is-over-8562681.html?utm_source=telegram&utm_medium=social
Moneycontrol
Layoffs, shutdowns, funding crunch: The Great Indian Startup Party is over
Startups have also resorted to shutting down non-core verticals, rationalising marketing and advertising spends and have gone on a hiring freeze, as they enter a bleak period, after a blockbuster funding party that lasted for nearly two years
Electric ride-hailing platform #BluSmart has raised $50 million in a mix of equity and venture debt #funding as the company is looking to add 5,000 electric cars to its platform and scale up its #EV hubs.
Read more at ⏬
https://www.moneycontrol.com/news/business/startup/electric-ride-hailing-blusmart-raises-50-mn-to-scale-up-its-ev-car-fleet-8563941.html?utm_source=telegram&utm_medium=social
Read more at ⏬
https://www.moneycontrol.com/news/business/startup/electric-ride-hailing-blusmart-raises-50-mn-to-scale-up-its-ev-car-fleet-8563941.html?utm_source=telegram&utm_medium=social
Moneycontrol
Electric ride-hailing BluSmart raises $50 mn to scale up its EV car fleet
The New Delhi-based company is looking to add 5,000 electric cars to its ride-hailing platform and scale up its electric vehicle (EV) hubs
#NewsAlert 🚨 Fintech-focused VC firm Beenext becomes the latest investor to advise its portfolio #startups to cut costs, and prepare a runway for the near term amid a #funding winter.
Nikhil Patwardhan brings us the story 👇
https://moneycontrol.com/news/business/startup/revise-and-revisit-your-budget-to-adapt-to-this-funding-winter-beenext-tells-founders-8590421.html
Nikhil Patwardhan brings us the story 👇
https://moneycontrol.com/news/business/startup/revise-and-revisit-your-budget-to-adapt-to-this-funding-winter-beenext-tells-founders-8590421.html
#StartupsWithMC: Financial services #unicorn PhonePe is in talks to raise a new round of #funding led by General Atlantic at a valuation of over $12 billion,sources privy to the matter said
Read here 👇
https://bit.ly/3VXS8Av
Read here 👇
https://bit.ly/3VXS8Av
Moneycontrol
Walmart-backed PhonePe taps General Atlantic for funding at a valuation of $12 billion
If PhonePe’s massive round goes through, it will make the startup India’s most valued fintech, amid a rout in startup funding
#TechWithMC | 🌐 Fintech firm Partior secures $60M funding round led by Peak XV Partners. Established Hyderabad center in 2022 to enhance global tech expansion.
Know more⤵️
https://www.moneycontrol.com/technology/fintech-firm-partior-closes-60-million-funding-round-led-by-peak-xv-partners-article-12767919.html
#Fintech #startup #funding
Know more⤵️
https://www.moneycontrol.com/technology/fintech-firm-partior-closes-60-million-funding-round-led-by-peak-xv-partners-article-12767919.html
#Fintech #startup #funding
Moneycontrol
Fintech firm Partior closes $60-million funding round led by Peak XV Partners
In 2022, the global fintech firm had set up a development center in Hyderabad to scale the production and delivery of its technology across global markets.