STARTUP

How it Works

'Positively provocative, meant to instigate entrepreneurs,' says Perplexity AI CEO on Piyush Goyal's deep tech remark

Perplexity AI founder Aravind Srinivas emphasized that success in deep tech can only be achieved if venture capitalists become risk-takers.

Brand Makers

95% of Bengaluru unicorns report losses in FY24, despite high valuations

Only seven Bengaluru-based unicorns were profitable in FY24 (Zerodha, Postman, Moneyview, Perfios, Zeta India, Razorpay, and Groww), registering a PAT of Rs 6,209.6 crore

Brand Makers

Startups allocate 68% of revenue to employee compensation: Report

How it Works

NCLAT turns down Byju's appeal to exempt Rs 158 crore settlement from lenders' review

On 10 February, the Bengaluru bench of the National Company Law Tribunal (NCLT) directed BCCI to submit the Rs 158 crore settlement plea before the committee of lenders

How it Works

Top startups raise big bucks: From Zepto to Meesho, new-age firms see rise in PE-VC funding in 2024

Zepto was the funding leader in 2024, raising more than $1 billion in three rounds by institutional investors such as avra, Glade Brook Capital, General Catalyst, Epiq Capital Advisors, according Tracxn data.

How it Works

Talent drain hits India's unicorn startups, attrition rate reaches 4.5%: Report

More than 39,000 employees left unicorn companies in September 2023, the highest between August 2023 and 2024. This could be a result of layoffs or employees quitting their jobs.

Brand Makers

Spring Capital invests in Agilitas, will help develop brand and launch strategies

In December 2023, Agilitas Sports received Rs 100 crore in funding from Nexus Venture Partners, a venture capital firm that partners with entrepreneurs building product-focused companies in India and the US.

Advertising

Bengaluru intern quits after securing funding for his own AI startup

An unexpected career twist for a Bengaluru intern goes viral as he informs his CEO he's leaving - the reason: his own startup's success.

Brand Makers

Sachin Tendulkar to launch sports athleisure brand in India

Filings show Tendulkar and Whiteboard Capital are currently on the board of directors of the holding firm named SRT10 Athleisure Pvt Ltd.

Digital

Nearly 80% of Indian startups investing in AI, other advanced technologies: Report

Almost 80% of the startups believe that adopting enterprise applications integrated with new-age technologies such as AI is essential for scaling and improving unit economics