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Thimmaya Poojary

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[Weekly funding roundup March 9-15] VC inflow into startups continues to remain steady

The venture capital (VC) funding into Indian startups is showing strong signs of a pickup as for three weeks in a row, the total amount raised on a...

16.03.2024 7

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Thimmaya Poojary

Sam Altman returns to OpenAI board

OpenAI co-founder Sam Altman will formally rejoin the company as the CEO, and will also be on the board of directors, the company said in a blog post...

09.03.2024 10

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Thimmaya Poojary

Baron Capital lifts Swiggy valuation to $12.1B

US-based investor Baron Capital Group has marked up the valuation of food delivery unicorn Swiggy by 13% to touch $12.1 billion. Swiggy was valued at...

09.03.2024 5

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Thimmaya Poojary

Venture capital funding in February rises by 21% YoY

The month of February turned out to be positive for the Indian startup ecosystem as venture capital funding rose by 21% year-on-year due to the steady...

08.03.2024 7

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Thimmaya Poojary

Zetwerk raises $20M from Indigo Co-founder Rakesh Gangwal

Zetwerk, the Bengaluru-based B2B contract manufacturing startup, has raised $20 million from Rakesh Gangwal, Co-founder of India’s leading airline...

08.03.2024 10

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Thimmaya Poojary

Regulator is always open to fintech innovation: Perfios CEO

01.03.2024 8

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Thimmaya Poojary

Shadowfax raises $100M in Series E round led by TPG NewQuest

Shadowfax, the Bengaluru-headquartered logistics startup, raised $100 million in a Series E funding round led by TPG NewQuest. The round, which is a...

27.02.2024 6

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Thimmaya Poojary

[YS Exclusive] Enough capital in our balance sheet, no plans to raise fresh funding: Razorpay CFO

Razorpay , one of the leading fintech startups in the country, unveiled a suite of products at its recently-concluded flagship event—FTX. These new...

26.02.2024 8

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Thimmaya Poojary

[Weekly funding roundup Feb 17-23] VC inflow continues to remain stable

Venture capital (VC) funding into Indian startups continues to remain steady as the weekly inflow has hovered around the $100 million range given that...

24.02.2024 9

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Thimmaya Poojary

With demanding customers, India toughest market for Uber, says CEO Dara Khosrowshahi

Uber CEO Dara Khosrowshahi described the Indian market, with demanding customers, as the company's toughest, but felt if it could succeed in the...

23.02.2024 10

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Thimmaya Poojary

Flipkart Big Billion Days sale best ever: Walmart CEO

Walmart CEO Doug McMillion described the annual sales event of its Indian ecommerce subsidiary Flipkart as the “best Big Billion Days ever” at the...

21.02.2024 10

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Thimmaya Poojary

Avendus Future Leaders Fund is optimistic about startup ecosystem’s resilience

Homegrown financial services company Avendus, which invests in the Indian startup ecosystem through the Avendus Future Leaders Fund, expects to...

14.02.2024 9

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Thimmaya Poojary

[Weekly funding roundup Feb 3-9] EV segment boost startup funding in second week

Venture capital (VC) funding into Indian startups sharply recovered in the second week of February, helped by a few reasonably sized transactions,...

10.02.2024 10

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Thimmaya Poojary

Zomato is now the most valuable company to emerge out of Indian startup ecosystem

Food and grocery delivery company Zomato has emerged as the most valuable company from the Indian startup ecosystem with a market capitalisation of...

09.02.2024 10

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Thimmaya Poojary

Freshworks' revenue up 20%, losses halve in Q4

Software-as-a-Service (SaaS) company Freshworks registered a 20% growth in revenue for the quarter ended December 2023, driven by generative...

07.02.2024 5

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Thimmaya Poojary

Freshworks' revenue up 20%, losses halve in Q4

Software-as-a-Service (SaaS) company Freshworks registered a 20% growth in revenue for the quarter ended December 2023, driven by generative...

07.02.2024 10

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Thimmaya Poojary

[Weekly funding roundup Jan 27-Feb 2] Sharp drop in VC inflow into startups

The month of February has begun on a negative note with a steep fall in venture capital (VC) funding into Indian startups. An absence of large deals...

05.02.2024 10

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Thimmaya Poojary

Budget 2024: Capital expenditure increased by 11.1% to Rs 11.1 lakh crore

The government announced a 11.1% increase in capital expenditure to Rs 11.1 lakh crore for the 2024-25 fiscal year in the Union Interim Budget. This...

01.02.2024 6

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Thimmaya Poojary

January sees a 43% fall in VC funding in Indian startups

Indian startups raised $646 million in funding in January 2024, a 43% decline from $1.1 billion secured a year ago. Still, the amount is substantial...

01.02.2024 8

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Thimmaya Poojary

What’s driving Pidilite’s close bond with startups

Pidilite Industries—a leading adhesive manufacturer in the country with brands such as Fevicol and Fevikwi—has been engaged with Indian startups...

31.01.2024 8

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Thimmaya Poojary

[Weekly funding roundup Jan 20-26] Venture capital inflow continues to remain steady

The month of January has remained in a steady environment so far with venture capital funding into Indian startups hovering around the $100-million...

27.01.2024 10

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Thimmaya Poojary

Lightspeed ropes in Vivek Gambhir and Kevin Aluwi as venture partners

Early-stage venture capital firm Lightspeed Venture Partners has inducted two seasoned professionals, Vivek Gambhir and Kevin Aluwi, as venture...

23.01.2024 7

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Thimmaya Poojary

Pavestone Capital is keen to back tech startups that cater to large enterprises

The Indian startup ecosystem has evolved over the years to create several thriving business segments—ecommerce, fintech, mobility,...

22.01.2024 20

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Thimmaya Poojary

Wipro net profit down 12% for third quarter, revenue at Rs 22,205 Cr

Wipro Ltd , one of the leading Indian IT services companies, saw a 12% decline in net profit on a year-on-year basis for the third quarter of the...

12.01.2024 5

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Thimmaya Poojary

Infosys net profit declines by 7.2% YoY in third quarter

Infosys reported a 7.2% year-on-year (YoY) decline in net profit for the third quarter of the current fiscal year owing to lower volume of business...

12.01.2024 6

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Thimmaya Poojary

TCS' net profit grows 2% YoY in Q3, strong growth in revenues

Tata Consultancy Services ( TCS ), India’s largest IT services exporter, continued with its steady performance for the third quarter of the current...

11.01.2024 2

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Thimmaya Poojary

Indian IT services companies set for muted growth in Q3

Indian IT services companies are expected to see subdued numbers in the third quarter of the current fiscal year due to macroeconomic conditions, but...

10.01.2024 9

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Thimmaya Poojary

From Ola Electric and FirstCry to Swiggy, more startups to go public in 2024

This year hasn’t been a blockbuster year for Indian startups in the initial public offering (IPO) markets. But experts feel that 2024 might be the...

05.01.2024 10

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Thimmaya Poojary

Venture funding into Indian startups declined by 53% in 2023

The year 2023 saw a 53% decline in venture capital inflow into Indian startups when compared to 2022, as the funding winter continued to have a firm...

04.01.2024 8

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Thimmaya Poojary

AWS India sees deeper engagement with public sector to build digital platforms

Global cloud company Amazon Web Services (AWS) aims to work more closely with the government of India to build national digital platforms to deliver...

22.12.2023 20

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Thimmaya Poojary

ShareChat lays off 15% of its workforce to streamline costs

ShareChat, the social media platform that operates in various regional languages, has laid off around 15% of its workforce as it aims to streamline...

21.12.2023 10

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Thimmaya Poojary

[Weekly funding roundup Dec 9-15] VC funding touches fourth highest level for 2023

The third week of December turned out very positive for the Indian startup ecosystem. With a single transaction from Udaan, venture funding for the...

16.12.2023 6

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Thimmaya Poojary

AWS bullish on Indian startups adopting GenAI to lower technology costs

Amazon Web Services (AWS) remains bullish on Indian startups adopting its generative artificial intelligence (GenAI) platforms, saying it ticks the...

12.12.2023 6

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Thimmaya Poojary

India is a frontier market for Canon, says India CEO Manabu Yamazaki

While software has been the superstar of the digital age, hardware has evolved significantly and companies, especially in the cameras, printers, and...

08.12.2023 10

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Thimmaya Poojary

Why CIIE.CO continues to back risky early-stage startup ventures

Startup investment is a risky business. Most of the new companies and their ideas simply do not make the cut, and hence the risk of losing one’s...

29.11.2023 10

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Thimmaya Poojary

TCS to take hit of $125M in Q3 FY24 due to US court case

Tata Consultancy Services (TCS), India’s largest technology services exporter, will make a provision of $125 million in its financial statement for...

22.11.2023 10

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Thimmaya Poojary

ShareChat co-founders’ robotics startup General Autonomy raises $3M

General Autonomy, the robotics startup founded by co-founders of ShareChat, has raised $3 million in funding from Elevation Capital, India Quotient,...

14.11.2023 9

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Thimmaya Poojary

[Weekly funding roundup Oct 28-Nov 3] Venture capital inflow sees steep fall

After a quite positive October, Indian startups struggled to raise funds in the first week of November. Venture capital (VC) funding this week came...

04.11.2023 9

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Thimmaya Poojary

Mamaearth parent Honasa Consumer has a $20B market opportunity: Reports

Honasa Consumer—the parent company of new-age beauty and personal care brands like Mamaearth, BBlunt, and Dr Sheth’s, among others—seems to have...

03.11.2023 5

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Thimmaya Poojary

Mamaearth IPO subscribed 7.61 times on final day

The initial public offering (IPO) of Honasa Consumer, the parent company of brands like Mamaearth, The Derma Co., and Aqualogica, was subscribed...

02.11.2023 5

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Thimmaya Poojary

VC inflow in October up 45% from September on the back of debt funding

The month of October has turned out very positive for the Indian startup ecosystem as venture capital (VC) funding saw a yearly increase and an even...

01.11.2023 30

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Thimmaya Poojary

India is driving velocity and creativity for Intuit’s GenAI platforms, says the firm’s chief data officer

Generative artificial intelligence (GenAI) has become a transformational opportunity for organisations providing enterprise solutions. Intuit–the...

28.10.2023 7

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Thimmaya Poojary

[Weekly funding roundup Oct 21-27] VC inflow remains positive during last week of October

The Indian startup ecosystem got the much-needed venture capital (VC) funding boost after Ola Electric raised Rs 3,200 crore in a mix of equity and...

27.10.2023 5

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Thimmaya Poojary

Next 20 years belong to climate tech, with Indian startups creating global impact, says Green Frontier founder

Green Frontier Capital–a US-headquartered early-stage venture capital fund solely focused on climate tech startups in India–believes these new-age...

19.10.2023 30

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Thimmaya Poojary

[Weekly funding roundup Oct 7-13] VC inflow continues to rise

The month of October continues on a positive momentum for the Indian startup ecosystem as venture capital (VC) funding shows a steady increase for the...

15.10.2023 6

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Thimmaya Poojary

TCS reports 8.7% rise in net profit, announces Rs 17,000 Cr share buyback

Tata Consultancy Services (TCS), India’s largest IT services exporter, reported an 8.7% rise in net profit for the three-month period between July...

12.10.2023 6

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Thimmaya Poojary

Artha Ventures believes in looking for opportunities in funding winter

The slowdown in startup funding activity hasn’t deterred Artha Group. If anything, the venture capital firm believes the ongoing “funding...

10.10.2023 10

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Thimmaya Poojary

VC funding declines 59% in 9 months of 2023

Venture capital (VC) funding into Indian startups declined by 59% for the nine months of 2023 compared to the same period in 2022, indicating the...

04.10.2023 4

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Thimmaya Poojary

VC funding in Sept rises 116%, sees only 5% YoY decline

September 2023 turned out to be very positive for the Indian startup ecosystem with venture capital (VC) funding almost doubling as compared to August...

01.10.2023 10

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Thimmaya Poojary

How WhatsApp India is helping businesses of all sizes build a digital identity

With about 400 million users, Meta-owned WhatsApp counts India among its largest markets. Apart from connecting users to each other, WhatsApp, through...

18.09.2023 10

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Thimmaya Poojary

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