The FinTech Hub
Source: Live Mint Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI , a once-penniless startup that is now at the forefront of generative artificial intelligence (AI) and, as of its most recent fundraising round, worth $157bn. In exchange,…
Source: Business Standard 2 min read Last Updated : Oct 02 2024 | 10:47 PM IST US startup unicorn founders who studied in India, Israel, and Canada compete for top hon-ours among 74 non-US universities, each prod-ucing at least one unicorn founder in the US. Israeli universities lead the pack with 42 unicorn…
Source: Business Standard 3 min read Last Updated : Oct 15 2024 | 10:49 AM IST This report has been updated Oravel Stays, the parent company of travel tech giant Oyo, is in preliminary talks to secure $200 million in a primary funding round, aiming to fuel its acquisition of G6 Hospitality, the owner of…
Source: Business Standard An IPO in India also offers startup investors a potentially more lucrative exit avenue. (Photo: Shutterstock) 4 min read Last Updated : Oct 10 2024 | 9:03 AM IST India’s scrapping of a time-consuming compliance step will accelerate the pace at which Indian startups domiciled abroad shift back home to participate…
Source: Business Standard 3 min read Last Updated : Sep 27 2024 | 7:19 PM IST For food aggregator platform Swiggy, quick commerce (q-com) is proving to be a better growth opportunity than food delivery. Its q-com arm Instamart is rapidly outpacing its core food delivery vertical across several key financial metrics, the company’s…
Source: Business Standard 3 min read Last Updated : Sep 27 2024 | 12:06 AM IST The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates. Five private equity (PE) investors that come on top on the criterion of deal size collectively…
Source: Business Standard 3 min read Last Updated : Sep 25 2024 | 7:37 PM IST Discount stock broker Zerodha reported a 61.5 per cent year-on-year jump in profit during the financial year 2023-24 to Rs 4,700 crore, while revenues jumped 21 per cent to Rs 8,320 crore. If the brokerage firm were…
Source: Business Standard Zepto founders with the riders (Left to right- Kaivalya Vohra, Aadit Palicha) 1 min read Last Updated : Sep 25 2024 | 4:16 PM IST Quick commerce platform Zepto, for the second consecutive year, has been ranked first in LinkedIn Top Startups India List 2024 — an annual ranking of emerging…
Source: Business Standard (From left) Ajay Singh, Co Founder and CEO and Abhinandan Sahgal, Co Founder and CTO, at Pepsales 2 min read Last Updated : Sep 24 2024 | 10:00 PM IST Pepsales, an AI-powered SaaS platform for sales teams, announced it has raised $1.1 million in pre-seed funding. The round was led…
Source: Business Standard 2 min read Last Updated : Sep 24 2024 | 5:54 PM IST Funding among Indian startups declined by a marginal 7 per cent in the first nine months of 2024 to $7.6 billion from $8.2 billion during the same period last year. Funding rounds declined to 1,036 from 1,579…
