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PhonePe narrows FY24 loss to INR 1,996 cr on back of 74% revenue growth and cost optimisation
Mumbai: Leading digital payments provider PhonePe has taken a major step towards profitability after reducing its net loss for the financial year 2023-24 by almost a third.
According to the company's first ever annual report, PhonePe's…
Advance Mobility raises $3 million to fuel fleet expansion plans
Mobility startup Advance Mobility has raised $3 million in a recent funding round led by prominent accelerators India Accelerator and Finvolve. The fresh capital injection will enable the company to strengthen its operations and broaden its…
Equity podcast analyzes investor FOMO return, WordPress dispute, and startup funding trends
In the latest episode of the Equity podcast, the hosts analyzed significant developments in the startup and investment world. They started by discussing Lightmatter's $400 million funding round, noting how demand for fast networking…
Investors Place Bets on Light, Recycled Materials and Green Technologies
As the world continues its transition to more sustainable practices, venture capitalists are placing significant bets on startups promising cleaner and more eco-friendly solutions. This week saw hundreds of millions of dollars poured into…
Dottxt Raises $11.9M to Advance Tools Enabling Structured Communication Between AI and Developers
As AI continues making strides in conversational abilities, the way it interacts with software engineers and delivers information remains an obstacle for widespread adoption. Dottxt, a startup developing tools to enable structured…
Founder Says $22B Edtech Startup Byju’s Now Has No Valuation After Market Downturn
Byju Raveendran, the founder and CEO of Byju's - one of India's largest education technology companies, has acknowledged that the valuation of his startup has plummeted to zero after previously reaching $22 billion. Speaking to journalists…
Accel in Talks to Invest $30-40M in Leading Indian Online Pharmacy Truemeds
One of the largest venture capital firms in the world is in advanced negotiations to lead a major funding round in one of India's top online pharmacies. Accel, known for early investments in companies like Facebook and Spotify, is…
Quick Commerce Giant Zepto Eyes $100 Million In Fresh Funding From Indian Investors
In a bid to further fuel its rapid growth in the Indian market, leading quick commerce player Zepto is in advanced talks to raise $100 million from local family offices and high net worth individuals. The Mumbai-headquartered startup, which…
“How Gusto Remains Committed to Serving Small Businesses”
Small businesses face unique challenges when it comes to managing payroll and benefits for employees. Founding a startup in 2013 to specifically address these needs, Gusto was created by three entrepreneurs who had each struggled with these…
Five AI and Business Startups Shine at Pear VC’s Larger Accelerator Demo Day
Pear VC, a prominent early-stage venture capital firm, has been operating an accelerator program for nearly a decade. Each batch typically includes around 10 startups that receive funding, office space, and guidance to help launch and scale…
