Swiggy

In January last year, Swiggy raised $700 million in a funding round that was led by Invesco and saw participation from a host of investors including Baron Capital Group

startups, start-ups, Open source software, technology, unicorn, funding, fintech

This year, start-ups have collectively raised around $4.1 billion so far

Niranjan Hiranandani

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

startup, startups, start, start-up, start-ups

Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood

Alteria Capital founder Ajay Hattangdi and Vinod Murali

The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors

Tamil Nadu to create 10,000 more startups by 2026, says Tansim CEO

Tansim is the nodal agency for start-ups in Tamil Nadu and is working on a new start-up policy to boost the new investor eco-system in the state.

startups, unicorn, funding, fintech

The money was raised in a series A round which also saw participation from existing investors -- actor Alia Bhatt and IAN Fund

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Share of VC deal value in PE-VC space above 50% for the first time: Bain & Co

investment, investment bankers, brokers, investors, company, firms, board, directors, CEOs, management, funding, tech, economy, gdp, aif, alternative investment fund, capital, startups, tech, savings, money, cash, shares, funds, equity

Existing investor Sequoia India also participated in the Series B round

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Byju's is rapidly narrowing the gap to become the most valuable startup in the country after digital payments firm Paytm, which is valued at around $16 billion

Start-ups must have a clear path to profitability

Illustration: Ajay Mohanty

Companies with safe balance sheets and clean governance have benefited disproportionately from elevated stock specific risks

Image via shutterstock.com

Convertible debentures & preference shares have emerged as options of choice for new ventures because, apart from deferring valuations, they allow founders to retain a hold over their companies

Furniture, furniture on rent

Starting with travel aggregation and ride hailing, it is quickly evolving across categories like furniture rentals, bike sharing, and peer-to-peer lending

startup, start-up

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

454 members voted in favour of the Bill, while two voted against it.

Lok Sabha

As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50%-5.75% range

US Federal Reserve

A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors

Indian economy

Stock market Update on Thursday, September 21: ICICI Bank, SBI and Mahindra & Mahindra, down up to 3 per cent, were the major losers among the  Sensex 30 stocks.

bear market, stocks, sensex, nifty, loss, growth, crash, index

Bihar board is expected to announce the Secondary Teacher Eligibility Test (STET) result 2023 today. The BSEB has already released the answer key. Check details below

Results, Exam results

The festive season is coming and it is time to celebrate Ganesh Chaturthi. With the festival of Ganpati just around the corner, let's take a look this celebrities like observing this special occasion

Celebrities on Ganesh Chaturthi

In an interview with Business Standard, the promoter of the event said that from now Buddh International Circuit will be able to accommodate both F1 and MotoGP racing

Vaibhav Sinha, CEO of Fairstreet Sports, motogp bharat

Tamil Nadu, Telangana and Karnataka top deceased organ donor transplantations

Organ Donation

Generative AI is poised to impact labour markets significantly while enhancing creativity and automating routine tasks for future jobs, a new study paper said on Monday.
Releasing the white paper on how AI (artificial intelligence) will affect the jobs of tomorrow, the World Economic Forum said businesses and governments must take proactive steps to prepare for the effects of AI in the workforce, including creating an adaptable workforce and implementing systems that facilitate job transitions.
Jobs most at risk of disruption are those that involve routine and repetitive language tasks; jobs with a high degree of personal interaction or physical movement will be least affected, the WEF said.
The white paper found that Large Language Models (LLMs) could be a boon for jobs that require critical thinking, complex problem-solving skills and creativity, including those in engineering, mathematics and scientific analysis.
LLMs are deep learning algorithms that can perform a variety of ..

tech

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

Canada said it was expelling a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist.
Trudeau said in Parliament that Canadian intelligence agencies have been looking into the allegations after Sikh leader Hardeep Singh Nijjar, a strong supporter of an independent Sikh homeland known as Khalistan, was gunned down on June 18 outside a Sikh cultural centre in Surrey, British Columbia.
Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week, that he told Modi that any Indian government involvement would be unacceptable and that he asked for cooperation in the investigation.
Canadian Foreign Minister Mlanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. "If proven true this would be a great violation of our sovereignty and of the most basic

Hardeep Singh Nijjar

MEA's statement comes after Canada expelled an Indian diplomat on Monday as it investigates credible allegations that India's government may have had links to the assassination in Canada

Canadian Prime Minister Justin Trudeau arrives for his daily press conference on COVID-19, in front of his residence at Rideau Cottage in Ottawa. Photo: PTI

Justin Trudeau

A day after the Centre asserted that the census would begin soon after the 2024 Lok Sabha polls, Bihar Chief Minister Nitish Kumar on Thursday said the enumeration exercise should commence "immediately".
The JD(U) supreme leader also said the census should have been completed in 2021, claiming that the "decadal census has been delayed in the country for the first time".
Why wait for the 2024 Lok Sabha pollswhy not now? The decadal census should begin immediately. The Centre should start the enumeration exercise immediately," Kumar told reporters here when asked about Union Home Minister Amit Shah's announcement on the census.
Shah on Wednesday asserted that the census would begin soon after the 2024 Lok Sabha polls.
"The enumeration exercise should have been completed in 2021. This is for the first time, the decadal census has been delayed in the country. There is no need to delay it further. We wanted a caste-based headcount along with the census but the Centre did not agree. ...

Nitish Kumar

Facilities will train engineering students in application development, computing languages

IT service firms, workplace, office space, commercial, rent, employees, staff, women

Renewables solution provider Tata Power Renewable Energy on Thursday said it has collaborated with Nepalese firm Dugar Power to accelerate Nepal's renewable energy initiatives.
This tie-up heralds TPREL's strategic entry into Nepal's rapidly evolving renewable energy sector and sets the stage for a quantum leap in accelerating Nepal's shift toward sustainable energy, according to a statement.
"Tata Power Renewable Energy Ltd (TPREL) has signed an agreement with Dugar Power Private Ltd (Dugar Power), a subsidiary of Dugar Group which is a prominent business house in Nepal," a company statement said.
The partnership is set to deploy transformative solar technologies to produce a range of on- and off-grid energy solutions and mark the inception of a long-term commitment to energy sustainability in the region.
The agreement is designed to cater to Nepal's diverse energy requirements, offering scalable solutions from 1 KW to MW levels.
"This partnership with Dugar Power is a strategic 

Renewable energy

Amazon's new Echo Show 8 gets a dynamic display while the new streaming sticks get major performance upgrades

Amazon Fire Stick

The Centre on Thursday unveiled a new set of national awards in science, technology and innovation, called the 'Rashtriya Vigyan Puraskar', and scrapped nearly 300 awards by various science departments.
An official statement said the Rashtriya Vigyan Puraskar will be one of the highest recognitions in science, technology and innovation, to be given across four categories -- Vigyan Ratna, Vigyan Shri, Vigyan Yuva-Shanti Swarup Bhatnagar and Vigyan Team.
Scientists will be selected across 13 domains by a committee headed by principal scientific advisor to the government.
"People of Indian Origin staying abroad with exceptional contributions benefiting the Indian communities or society shall also be eligible for the awards," it said.
The Vigyan Ratna award will recognise lifetime achievements and contributions in any field of science and technology while the Vigyan Shri will acknowledge distinguished contributions.
All the awards will carry a citation and a medal.
The Shanti Swarup 

Heatmap

Start-up investors

US investor Baron Capital slashes Swiggy's valuation by 34% to $7.1 bn

After life in unicorn-decacorn club, start-ups stare at down rounds

After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows

From layoffs to cost-cutting, start-ups brace for long funding winter

Alteria announces first close of third venture debt fund at Rs 1,000 cr

Tamil Nadu to create 10,000 more startups by 2026, says Tansim CEO

Phool raises Rs 60 cr from Sixth Sense Ventures, Alia Bhatt, IAN Fund

VC exits in India start-ups up 10x to $14 billion in 2021: Bain & Co

Salesken raises $22 million in funding from Microsoft, Sequoia

With $500 mn funding led by Silver Lake, Byju's valuation crosses $10.8 bn

No growth at all costs

A bubble in quality?

Angel tax effect: Equity stakes yielding ground to other funding avenues

Travel aggregation to ride-hailing, welcome to India's shared economy

Start-up investors are doing fewer deals