#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.’
#StartupsWithMC | Jaynti Kanani, Co-founder of Polygon, has quit to focus on his two new ventures that he founded in 2023.
Here's more ⬇️
https://www.moneycontrol.com/news/business/startup/polygon-co-founder-jaynti-kanani-quits-11478741.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Here's more ⬇️
https://www.moneycontrol.com/news/business/startup/polygon-co-founder-jaynti-kanani-quits-11478741.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
#StartupsWithMC | Amazon’s India arm said that it was not seeing any dearth of demand ahead of the festive season and is preparing to cater to more sales than the previous edition.
Read ⬇️
https://www.moneycontrol.com/news/business/startup/no-dearth-of-demand-more-than-50-customers-to-raise-festive-purchases-this-year-amazon-india-11491581.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Read ⬇️
https://www.moneycontrol.com/news/business/startup/no-dearth-of-demand-more-than-50-customers-to-raise-festive-purchases-this-year-amazon-india-11491581.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
No dearth of demand, more than 50% customers to raise festive purchases this year: Amazon India
Saurabh Srivastava, Vice President, Amazon India said that ads business is seeing robust growth in India and customers in non-metro areas are signing up for Prime subscriptions
#StartUpsWithMC | Six of Byju's biggest investors have constituted an informal working group to engage with the company, track its progress, and provide suggestions, people familiar with the development said.
More details here 👇
https://moneycontrol.com/news/business/startup/byjus-investors-set-up-working-group-to-engage-with-edtech-months-after-stepping-down-from-board-11519451.html?utm_source=telegram&utm_medium=social
More details here 👇
https://moneycontrol.com/news/business/startup/byjus-investors-set-up-working-group-to-engage-with-edtech-months-after-stepping-down-from-board-11519451.html?utm_source=telegram&utm_medium=social
Moneycontrol
Byju’s investors set up working group to engage with edtech months after stepping down from board
The group includes some of Byju's largest investors, such as General Atlantic, Prosus, Peak XV, Sofina, Chan Zuckerberg Initiative, and Verlinvest.
#StartupsWithMC | A month after starting its electric bike taxi service in Bengaluru, Ola is wooing e-bike riders by promising them earnings of up to Rs 70,000 per month.
Here are the company's proposed offers ⬇️
https://www.moneycontrol.com/news/business/startup/ola-dangles-rs-70k-monthly-earnings-for-riders-in-push-to-expand-e-bike-taxi-service-11567791.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Here are the company's proposed offers ⬇️
https://www.moneycontrol.com/news/business/startup/ola-dangles-rs-70k-monthly-earnings-for-riders-in-push-to-expand-e-bike-taxi-service-11567791.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
#StartupsWithMC | Byju's CFO Ajay Goel has quit barely six months after joining the edtech firm, as he heads back to his previous company Vedanta, sources said. How will Goel's departure impact Byju's?
Read to find out ⬇️
https://www.moneycontrol.com/news/business/startup/byjus-cfo-ajay-goel-quits-to-head-back-to-vedanta-to-oversee-demerger-11589711.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Read to find out ⬇️
https://www.moneycontrol.com/news/business/startup/byjus-cfo-ajay-goel-quits-to-head-back-to-vedanta-to-oversee-demerger-11589711.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
#StartupsWithMC | Byju's lowered its losses and reported an EBITDA loss of Rs 2,253 crore in FY22, about 6.36% lower than Rs 2,406 crore loss it reported in FY21.
More details ⬇️
https://moneycontrol.com/news/business/startup/byjus-core-business-revenue-at-3569-crore-posts-operating-loss-of-rs-2253-crore-in-fy22-11546291.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
More details ⬇️
https://moneycontrol.com/news/business/startup/byjus-core-business-revenue-at-3569-crore-posts-operating-loss-of-rs-2253-crore-in-fy22-11546291.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
#StartupsWithMC | Manipal Education and Medical Group Chairman Ranjan Pai has bought out the debt investment of Davidson Kempner in Byju's for Rs 1,400-crore deal, as per sources.
More details ⬇️
https://www.moneycontrol.com/news/business/startup/byjus-settles-dispute-with-davidson-kempner-as-ranjan-pai-buys-out-debt-in-rs-1400-cr-transaction-11720771.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
More details ⬇️
https://www.moneycontrol.com/news/business/startup/byjus-settles-dispute-with-davidson-kempner-as-ranjan-pai-buys-out-debt-in-rs-1400-cr-transaction-11720771.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
#StartupsWithMC | Think & Learn said it elevated Jiny Thattil as its Chief Technology Officer, who would take over reins from Anil Goel.
Read more ⬇️
https://www.moneycontrol.com/news/business/startup/byjus-elevates-jiny-thattil-as-cto-following-incumbent-anil-goels-exit-11815951.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Read more ⬇️
https://www.moneycontrol.com/news/business/startup/byjus-elevates-jiny-thattil-as-cto-following-incumbent-anil-goels-exit-11815951.html?utm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
Moneycontrol
BYJU’S elevates Jiny Thattil as CTO following incumbent Anil Goel's exit
In a statement, the company said Thattil will take over reins from Anil Goel who is leaving the company after three years as CTO.
#StartupsWithMC | Olympic gold medalist Neeraj Chopra has forayed into the startup world with an investment in a regional streaming platform called Stage.
More details 👇
https://www.moneycontrol.com/news/business/startup/neeraj-chopra-debuts-in-startup-world-with-investment-in-regional-ott-platform-stage-11817721.html?utm_source=telegram&utm_medium=social
More details 👇
https://www.moneycontrol.com/news/business/startup/neeraj-chopra-debuts-in-startup-world-with-investment-in-regional-ott-platform-stage-11817721.html?utm_source=telegram&utm_medium=social
Moneycontrol
Neeraj Chopra debuts in startup world with investment in regional OTT platform Stage
The partnership with Neeraj Chopra was announced at the athlete's ancestral village of Khandra in Panipat.
#StartupsWithMC | New category is brewing ♨️ in the content creation space as founders who have become influencers ✨have emerged as the latest breed of creators.
Read here to know more👇
https://www.moneycontrol.com/news/business/startup/from-founder-to-creator-the-rise-of-a-new-breed-of-influencers-in-the-creator-economy-11903781.html?utm_medium=social&utm_source=telegram
Read here to know more👇
https://www.moneycontrol.com/news/business/startup/from-founder-to-creator-the-rise-of-a-new-breed-of-influencers-in-the-creator-economy-11903781.html?utm_medium=social&utm_source=telegram
Moneycontrol
From founder to creator: The rise of a new breed of influencers in the creator economy
Founders today understand that having their own brand presence and personality, separate from the enterprise they lead, is crucial. This shift in approach includes having opinions on professional networking platforms like LinkedIn, and adopting a more casual…
#StartupsWithMC | Indian startups in the seed to early stages recorded 37 deals in January, close to the 40 recorded in the year-ago period, data from analytics firm Venture Intelligence showed. 🚨
More details here 👇
https://www.moneycontrol.com/news/technology/january-brings-some-funding-cheer-for-early-stage-startsup-12157471.htmlutm_medium=social&utm_source=telegram&utm_campaign=regular-editorial
More details here 👇
https://www.moneycontrol.com/news/technology/january-brings-some-funding-cheer-for-early-stage-startsup-12157471.htmlutm_medium=social&utm_source=telegram&utm_campaign=regular-editorial