Unicorn Boom Slows

by NewsdeskBusinessSTARTUPS NewsTechnology4 January 20244 January 2024

Reading Time: 2 minutes 2023 witnessed 67 mega deals ($100 M+ rounds) worth $21.2 Billion, compared to 112 such investments worth $31.8 Billion in 2022….writes Sanjeev Sharma The value of investments by Private Equity…

Edtech Giant PhysicsWallah Axes 100 Jobs

by NewsdeskBusinessIndia NewsSTARTUPS News20 November 202320 November 2023

Reading Time: < 1 minute PhysicsWallah turned unicorn last year with a $100 million round from WestBridge Capital and GSV Ventures….reports Asian Lite News Edtech company PhysicsWallah (PW) on Sunday said it is laying off…

SK Telecom invests $100M in US AI firm

by NewsdeskBusinessEconomySTARTUPS News15 August 202315 August 2023

Reading Time: 2 minutes Based on the collaboration, SK Telecom plans to bolster its own LLM model to better and more efficiently serve customers’ needs….reports Asian Lite News SK Telecom, South Korea’s largest wireless…

Google for startups accelerator invites applications

by NewsdeskIndia NewsSTARTUPS NewsTech Lite30 July 202330 July 2023

Reading Time: < 1 minute Google for Startups Accelerator (GFSA) is a three-month, equity-free programme that brings the best of Google’s programmes…reports Asian Lite News Google on Thursday announced to invite applications for the eighth…

Impressive Paytm!

by NewsdeskBusinessEconomySTARTUPS News24 July 202324 July 2023

Reading Time: 3 minutes Over the last one year, the company’s merchant subscriber base more than doubled to 79 lakh as of June 2023 with its merchant base expanding to 3.6 crore…reports Asian Lite…

Kerala Startup Bags Indian Icon Award in Cyber Security  

by NewsdeskBusinessKeralaSTARTUPS News21 July 202321 July 2023

Reading Time: 2 minutes This is the first time that a startup from Kerala has been chosen for such a prestigious recognition…..reports Asian Lite News Kerala based startup, Tech by heart, bags national level…

Indian startup ecosystem faces tough time

by NewsdeskEconomyIndia NewsSTARTUPS News11 July 202311 July 2023

Reading Time: < 1 minute Fintech, Software-as-a-Service (SaaS) and direct-2-consumer (D2C) continued to be the most funded sectors…reports Asian Lite News The Indian startup ecosystem reported the lowest six-month funding in the last four years,…

Leverage Edu sets goal to double revenue

by NewsdeskBusinessEconomySTARTUPS News11 July 202311 July 2023

Reading Time: 3 minutes With the latest round of funding, Leverage Edu aims to strengthen its position in existing markets, while also expanding into newer student mobility corridors…reports Asian Lite News Global study abroad…

Another Indian unicorn in deep crisis

by NewsdeskBusinessIndia NewsSTARTUPS News7 July 20237 July 2023

Reading Time: 2 minutes PharmEasy which was once valued at $5 billion, plans to raise nearly $300 million at “a 90 per cent markdown from the previous valuation”…reports Asian Lite News The next big…

Varanium Capital to promote 100 startups

by NewsdeskBusinessIndia NewsSTARTUPS News5 July 20235 July 2023

Reading Time: < 1 minute Varanium Capital manages nearly $1 billion of assets across the asset classes including structured debt, portfolio management services (PMS), and venture capital fund….reports Asian Lite News Global asset management firm…