Zepto raises $665 million at $3.6 billion valuation
Existing investors Glade Brook, Nexus, and StepStone co-led the round with Goodwater and Lachy Groom doubling down as well.
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June 2024
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July 2023
50 startups dropout of Hurun's 2024 Future Unicorn Index
A significant drop in the number of future unicorns expected from India in 2024 as against 2023 signals difficult times for startups
Agnikul launches world's first rocket with single piece 3D printed engine
Prime Minister Narendra Modi says the successful launch is a momentous occasion for India's space sector.
Awfis Space IPO subscribed 108 times on final day; retail portion booked 53x
The ₹599 crore IPO was booked 116.95 times in QIB category, 129.27 times in NII segment, and 53.23 times in retail segment.
Byju's tried to grow too fast sans corporate discipline: Rajeev Chandrasekhar
"If you don't learn from those who came before you, you will make mistakes and I think, Byju's is that mistake," says Rajeev Chandrasekhar.
Draft deep-tech policy soon
The discussion here is to not just create a conducive policy, but also create a slightly curated incentive system for deep-tech startups.
Startup funding in 2023 lowest in 5 years
Only two new unicorns were created in 2023 — Incred and Zepto — as against 23 in the previous year.
India doesn't have a robust model of market estimation: Narayana Murthy
Investors and entrepreneurs have been overestimating the market, says the Infosys founder at the Fortune India 40 Under 40 Awards.
Zepto becomes India's first unicorn of 2023; raises $200 mn at $1.4 bn valuation
Zepto aims to turn EBITDA (earnings before interest tax, depreciation and amortization) positive in the next 12 to 15 months.
Startups will increase 10 times in next 4-5 years: Rajeev Chandrasekhar
"From 108 unicorns I am sure we will reach 10,000 in the next 4-5 years," says Rajeev Chandrasekhar.
