PhysicsWallah
Posted in Daily FeedsEducation

Edtech Unicorn PhysicsWallah Lays Off Approximately 120 Employees

by SA TeamPosted on

Three points you will get to know in this article: PhysicsWallah, the prominent Ed-Tech unicorn, recently underwent a restructuring phase resulting in the departure of approximately 70-120 team members. Although external reports attribute this to a cost-cutting initiative, the company asserts that these workforce adjustments were prompted by performance-related considerations. Satish Khengre, the Chief Human Resources Officer at PhysicsWallah, shed…

Indian Startups Raise Over $1.2 Billion in Funding for October
Posted in BusinessFinance

Indian Startups Raise Over $1.2 Billion in Funding for October

by SA TeamPosted on

Three points you will get to know in this article: October witnessed a promising surge in investments for Indian startups, aligning with historical patterns. This noteworthy uptick in monthly financial support arrives just as startups within the ecosystem are rallying to navigate through the challenges of funding constraints. Notably, an intriguing aspect is that a substantial one-third of the total…

Ontario Teachers' Fund
Posted in Business

Ontario Teachers’ Fund Receives CCI Approval for Minority Stake Acquisition in XpressBees

by SA TeamPosted on

Three points you will get to know in this article: On Thursday, October 26, the Competition Commission of India (CCI) gave the nod to the Ontario teachers’ fund’s plan to secure a minority interest in the renowned logistics powerhouse, XpressBees. In its official decree, the CCI granted approval for the acquisition of a stake in BusyBees Logistics Solution, the parent…

Delhi Startup Policy
Posted in Business

Delhi Government Targets Supporting 15,000 Startups by 2030

by SA TeamPosted on

Three points you will get to know in this article: • Delhi government finalizes draft of startup policy to support and encourage 15,000 startups by 2030.• The policy includes collateral-free loans, expert guidance, and support for college students.• Delhi aims to establish itself as a global innovation hub and preferred location for startups by creating a supportive ecosystem for entrepreneurship.…

Inc.5
Posted in BusinessEcommerce

Footwear Brand Inc.5 Shoes Raises $10 Million in Series A Funding

by SA TeamPosted on

Three points you will get to know in this article:• The direct-to-consumer (D2C) market in India is rapidly growing, with the fashion and clothing segment expected to reach $43.2 billion by 2025.• Inc.5 Shoes plans to expand its presence in urban areas and target Tier 2 and select Tier 3 cities.• Mumbai-based footwear brand Inc.5 Shoes raises $10 million in…

Cheque@Jungle
Posted in Business

Cheque@Jungle: Jungle Ventures Pioneers Early-Stage Support for Startup Ideas

by SA TeamPosted on

Three points you will get to know in this article: Renowned venture capital entity, Jungle Ventures, has introduced the First Cheque@Jungle initiative, aimed at supporting fledgling startups from ideation to the seed stage. Taking part in this initiative are Ramakant Sharma, the founder and COO of Livspace, Sayali Karanjkar, an entrepreneur and angel investor, and Cameron Priest, the founder of…

Stoke Space
Posted in Technology

Stoke Space, Washington Reusable Rocket Startup, Raises $100 Million

by SA TeamPosted on

Three points you will get to know in this article: Stoke Space, a startup based in Washington, joyfully announced on Thursday that it has successfully secured $100 million in fresh capital. This financial boost is a crucial step forward for the company as it strives to pioneer the development of “Nova,” an innovative and fully reusable rocket. The recent injection…

Artha Exits
Posted in AutomobileBusiness

Artha and Rockstud Exit Uber-Backed Everest Fleet with Over 18x Returns

by SA TeamPosted on

Three points you will get to know in this article: Everest Fleet, a startup in the fleet management domain backed by Uber, recently witnessed the departure of two investors, Artha Venture Fund and Rockstud Capital. This development unfolded just days after successfully securing funding from Uber and Paragon Ventures. In the aftermath of this transition, Rockstud Capital proudly declared an…

Angel Investors
Posted in Business

From Seed to Success: 15 Active Angel Networks for Indian Startups

by SA TeamPosted on

Three points you will get to know in this article: India’s remarkable ascent as the world’s third-largest startup ecosystem has left many observers in awe. Starting with a mere 445 startups, according to government data, in late 2016, the nation has now blossomed into a hub of innovation with a staggering 1 Lakh startups. The captivating tech landscape of India…

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