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IRDAI Approves Creation Of Online Insurance Marketplace Bima Sugam
The Insurance Regulatory and Development Authority of India (IRDAI) has cleared all decks for the establishment of the much-awaited online insurance marketplace Bima Sugam. The insurance regulator, at...
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Trust Fintech IPO: Public Issue Oversubscribed 3.02X On Day 1
Fintech SaaS company Trust Fintech’s initial public offering (IPO) was oversubscribed 3.02X on Day 1 on Tuesday (March 26) on the back of huge demand from retail investors. The issue received bids for...
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Alco-Beverage Startup Woodsmen Mountain Whiskey Bags Funding From Anthill,...
Alcoholic beverage startup Woodsmen Mountain Whiskey has raised a funding of $1.5 Mn (INR 12.5 Cr) in its Series A round, led by FinFirst Group and Anthill Ventures. The funding round also saw...
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Didn’t Expect An Uproar, Decision To Launch Pure Veg Fleet Was Based On A...
Days after Zomato’s decision to launch a ‘pure veg fleet’ raked up a controversy online, the foodtech major’s cofounder and CEO Deepinder Goyal said he was taken aback by the backlash as the decision...
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ICICI Securities Raises Zomato’s PT To INR 300, Cites Higher Revenue CAGR...
Brokerage ICICI Securities has reiterated the ‘BUY’ rating on foodtech giant Zomato and raised its price target (PT) to INR 300. This represents an upside of more than 67% from the stock’s last close...
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Myntra’s Marketplace Entity Turns EBITDA Positive In Q4 2023
Fashion ecommerce major Myntra claimed that its marketplace entity has turned EBITDA (earnings before interest, taxes, depreciation, and amortisation) positive “since the last quarter (Q4) of calendar...
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TAC Infosec IPO Oversubscribed 9.31X On Day 1
SaaS cybersecurity startup TAC Infosec’s initial public offering (IPO) was oversubscribed 9.31X on the first day on Wednesday (March 27), led by heavy demand from retail investors. As per NSE data, the...
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The GenAI Summit By Inc42: Startups, Here’s Your Chance To Showcase Your...
India’s generative AI (GenAI) moment is well and truly here, and over the past few months we have seen this phenomenal growth in the AI startup ecosystem up close as we build up to The GenAI Summit in...
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L Catterton Forms JV With FMCG Veteran Sanjiv Mehta To Launch India-Focussed...
Global investment firm L Catterton on Thursday (March 28) said that its Asia arm has inked an agreement with former Hindustan Unilever (HUL) executive Sanjiv Mehta to float a new India-focussed...
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Mamaearth Parent Honasa Forays Into Colour Cosmetics Space With The Launch Of...
D2C unicorn Mamaearth’s parent, Honasa Consumer, has forayed into the colour cosmetics segment with the launch of a new brand, Staze. In a statement, the company said that the launch of the new product...
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TAC Infosec IPO Day 2: Vijay Kedia Backed SaaS Startup’s Public Issue...
Vijay Kedia-backed SaaS cybersecurity TAC Infosec’s initial public offering (IPO) was oversubscribed 22.82X on the second day on Thursday (March 28) on the back of strong demand from retail investors...
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Indian GenAI Startup Tracker: 60+ Startups Putting India On The Global AI Map
Before November 2022, OpenAI was a little-known startup in the US. However, that very month, the company unveiled a chatbot, ChatGPT, which in just two months crossed 100 Mn monthly active users,...
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IPO-Bound Swiggy Posts $207 Mn Loss In Apr-Dec 2023
IPO-bound foodtech major Swiggy’s loss reportedly stood at $207 Mn (INR 1,730 Cr) during the first nine months of the financial year 2023-24 (FY24). In contrast, the decacorn reported a net loss of INR...
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Startup Mahakumbh: Startups Supported By MeitY Startup Hub Showcase Their...
India has close to 1.2 Lakh DPIIT_registered startups and is the third largest startup ecosystem in the world. However, around 50% of the startups fail by the fourth year of their inception. The key...
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Startups Will Not Be Spared From Paying Taxes To Re-Enter India: Piyush Goyal
Union commerce minister Piyush Goyal on Friday (March 29) reportedly said that Indian startups mulling reverse flipping will have to bear tax liabilities. As per The Economic Times, Goyal said that it...
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Unveiling The GenAI Summit Agenda: The Stage Is Set To Shape The Future Of AI...
After all the fun and games around ChatGPT, generative images and more in the past year, it’s time to get serious about generative AI (GenAI). As the world’s third largest startup ecosystem, India will...
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Cheap Laptop Chips In Battery Management Systems Setting Indian EVs On Fire:...
Dutch semiconductor design company NXP’s chief technology officer (CTO) Lars Reger has reportedly blamed the use of “cheap” laptop chips in battery management systems (BMS) for electric vehicle (EV)...
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India’s GenAI Destiny
Today marks the end of the financial year 2023-24 (FY24), and in some ways, it’s also the beginning of a new phase in the hype cycle for generative AI (GenAI), especially for tech startups in India....
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Decoding GenAI: 40+ Essential GenAI Terms You Must Know
GenAI (generative artificial intelligence) is a trending buzzword these days. Though it has seen significant adoption, we are still at the start of a journey. While it has taken the world by storm,...
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TAC Infosec IPO Subscribed 64X On Day 3 On Robust Demand From Retail Investors
Riding on the back of a strong response from retail investors, SaaS cybersecurity startup TAC Infosec’s initial public offering (IPO) was subscribed 64.2X on the third day on Monday (April 1)....
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