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Startup-News
Indian Startup Financial Performance in FY24: Revenues Rise But Losses Persist
As the funding winter continued to impact the Indian startup ecosystem in the financial year 2023-24, many established companies worked towards achieving profitability by cutting costs and improving operational efficiencies. According to an…
Indian food delivery giant Swiggy faces potential GST liability of over INR 300 crore
Major Indian food delivery platform Swiggy is facing a potential goods and services tax (GST) demand of INR 327 crore from tax authorities regarding delivery fee collection. The company is also facing legal notices over allegations of…
Nine Startups Shined at Y Combinator’s Fall 2024 Pitch Event
Y Combinator's fall cohort startups took to the virtual stage recently to pitch investors at their Demo Day event. Out of the hundreds of startups in attendance, a select few really stood out from the crowd with their innovative…
Marvel Fusion Secures $70 Million to Advance Laser-Powered Fusion Technology
New funding will help the startup progress its innovative inertial confinement fusion approach towards commercial viability.
Fusion power holds immense potential as an almost limitless source of clean energy, but bringing it to market…
Info Edge sells 34.93% stake in B2B startup Wishbook
Info Edge, a leading Indian classified company known for platforms like Naukri.com and 99acres.com, has completed the sale of its 34.93% stake in B2B startup Wishbook Infoservices. The divestment was carried out through Info Edge's…
Health Insurance Startup Alan Reaches New Heights with Latest Funding
French insurance provider Alan has solidified its place as an industry leader after securing nearly $200 million in funding at a stunning $4.5 billion valuation. This Series F round was led by prominent Belgian bank Belfius and included…
Freelancers gain access to benefits through French startup Jump
As the number of freelancers grows worldwide, many are seeking more consistent income and benefits similar to traditional employees. Jump, a French startup, aims to address this need by offering full-time contracts and typical employment…
Indian Edtech Giant Attains $2.8 Billion Valuation Despite Tough Funding Times
While the edtech sector in India has faced difficulties in recent years, one leader in the space continues to thrive. Physics Wallah, a popular online learning platform, has secured $210 million in new funding. This Series B round valued…
AI Startup Fal.ai Secures $23M to Fuel Development of Media-Generating Models
A burgeoning startup focused on AI-generated media has raised a fresh round of funding to expand its capabilities. Fal.ai, which provides infrastructure for computer-generated images, videos and audio, has secured $23 million in funding led…
Generative AI startup Runway inks deal with a major Hollywood studio
In a pioneering move for the AI industry, the generative video startup Runway has partnered with Lionsgate, one of Hollywood's largest studios, to develop custom video capabilities. Runway will train an AI model using Lionsgate's extensive…
