Rapido rides into unicorn club with $200 mn fundraise
Rapido plans to use the fundraise to grow its operations across all categories, including bike-taxis, three-wheelers, and taxi-cabs.
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Flipkart-backed logistics unicorn BlackBuck files DRHP for IPO
The IPO of the trucking platform is a mix of fresh equity shares worth ₹550 crore and an OFS of up to 2.16 crore shares.
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
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.
Only 3 unicorns added in 2023; capital woes hurting startups
The overall figure of unicorns reduced to 83 from 84
‘Optimising teams’: Byju’s on Toppr, WhiteHat Jr layoffs
Byju's says it has integrated Toppr and absorbed 80% of workforce; it’s now optimising teams to recalibrate business priorities
Udaan fires 180 employees; 4% of its workforce
Udaan says various steps have been taken to enhance efficiency, refine cost structure and grow faster but it also resulted in certain redundancies
An arbitrage at play, public markets are cheaper than private markets today
Nikhil Kamath, co-founder at Zerodha and True Beacon, says that the startup funding ecosystem is going to be difficult, at least for the next couple of years.
SaaS platform LeadSquared raises $153 mn; enters unicorn club
With this, LeadSquared has become the 103rd startup to enter the coveted unicorn club in India. LeadSquared offers an end-to-end efficiency platform for businesses working across different segments.
Neobank Open turns unicorn after fresh funding
Open is now valued at $1 billion, making it the 100th entrant in India's unicorn club.
