STARTUPS
Centre Halts Uber’s Pre-Ride Tipping Amidst Bike Service Expansion
Uber's bike taxi service expands to 220 Indian cities, including Jammu and Tirunelveli, while the Centre mandates an end to advance tipping for consumer protection.
Startups
Startup News
The latest on India's fastest-growing startups — funding rounds, founder stories, and ecosystem insights.
STARTUPS
Shiprocket’s Public Debut Sees Demand Despite Trimmed Issue and Financial Notes
Shiprocket's public issue saw 3.16x oversubscription on Day 2, raising ₹1,617 crore after trimming its IPO size. Learn about anchor investor confidence, varied returns for early backers like 500 Global, and market reception despite disclosed losses.
STARTUPS
Why an Independent AI Arm?
Cars24 invests $5 million to launch Deployment Inc., an independent enterprise AI company. This move signals a new trend for established tech firms spinning off internal capabilities into standalone ventures.
STARTUPS
Paytm’s Dual Path: Market Hopes Ride on UPI MDR, While Regulators Revisit 2023 Disclosures
Paytm faces contrasting forces: market optimism driven by potential UPI MDR, pushing shares to a 52-week high, alongside a new SEBI show cause notice regarding a 2023 disclosure. An analysis of balancing growth with regulatory oversight.
STARTUPS
Top Investors Bet $9 Million on Discovered Materials’ AI Hunt for Cooler Chips
Deep-tech startup Discovered Materials raises $9 million (Rs 85 crore) in a seed round led by Lightspeed India, with Y Combinator and Peak XV Partners, to hunt for more efficient chip materials.
STARTUPS
Yulu’s $93 Million Raise Signals Full-Size Electric Scooter Push
Electric mobility platform Yulu raises $93 million in Series C funding, led by GEF Capital, to scale its EV fleet and enter the full-size electric scooter segment, marking a significant strategic expansion.
STARTUPS
Maharashtra’s New Mandates: A Turning Point for Quick Commerce in India
Zepto is navigating increased regulatory scrutiny with Maharashtra's proposed EV mandate and welfare levy, alongside intensifying competition from Flipkart Minutes in the premium grocery market.
STARTUPS
Mitti Labs Gets $9.5 Million to Expand Water-Saving Rice Tech
Mitti Labs secures $9.5 million Series A led by Aramco Ventures, with Lightspeed India and Godrej Industries Group also participating, to expand its water-efficient rice cultivation technology in India.
STARTUPS
HomeRun Gets $12 Million to Deliver Construction Materials Faster
Bengaluru-based HomeRun secures $12 million in Series A+ funding led by Nexus Venture Partners, with participation from Sorin, Titan, Sparrow, and Consumer Collective, for its construction materials quick commerce platform.