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    More importantly, many individuals and entities in India shy away from taking a legal recourse due to the costs involved as engaging a good lawyer can cost a significant amount of money
    Updated : Aug 13, 2023

    This Kolkata-based start-up is aiming to make justice a reality for all

    Kolkata-based FightRight has created an AI/ML-powered proprietary platform that provides deep insights and solutions for evaluating the legitimacy of a claim and its strength in court, effective litigation strategies, and mapping litigation in terms of time and costs

    Aniket Talati, President of the ICAI, tells BT that the organisation is working on upskilling members on the use of AI and other new technologies
    Updated : Aug 08, 2023

    Excellent ecosystem for start-ups, there are always aberrations in any sector, says ICAI President

    Aniket Talati, President of the ICAI, tells BT that the organisation is working on upskilling members on the use of AI and other new technologies

    ONDC plans to increase its market share to 25 per cent across the country from the current eight per cent.
    Updated : Aug 07, 2023

    Users want ONDC to be faster and more responsive, survey reveals

    A report by Shiprocket reveals that despite ONDC’s rise, it still needs to work on engaging more with users

    “As of Q4CY22, 50 per cent of Meesho's GMV was from non-apparel categories as against just a 30 per cent share in Q4CY20,” Jefferies had said.
    Updated : Aug 07, 2023

    Meesho hits profitability fuelled by 80 per cent reduction in marketing spend, 60 per cent tech savings 

    Says it is the first horizontal e-commerce company to reach this milestone 

    “A hidden fact of most instant noodles that people generally don't know about is that they are deep fried to make them crisp - which means they have harmful saturated fats,” says Dani
    Updated : Aug 06, 2023

    A start-up that has a Shark Tank and Shilpa Shetty connection

    Start-up WickedGud counts amongst its investors, marquee names including Aman Gupta and Sameer Mehta of Boat, Gaurav Ahuja of Thrive Capital, Archana Priyadarshini of Mamaearth apart from institutional entities like Titan Capital, GetVantage, Venture Catalysts, NB Ventures, and Mumbai Angel Network

    Business Today reported earlier how valuations of many notable Indian start-ups, ranging from BYJU’S to OYO have dropped by almost 50 per cent after the funding boom of 2021.
    Updated : Aug 03, 2023

    Down rounds continue as VCs worry about exit opportunities, claims report

    The report noted that Series D and higher levels of deals have been hit the most as VCs stare at inflated valuations and lack of exit opportunities.

    Spinny
    Updated : Aug 03, 2023

    Start-up Layoffs: Used car retailing platform Spinny fires over 300 employees

    Spinny runs more than 55 car hubs and operates in over 22 cities. The company was founded in 2015. 

    Sources said Blackstone and the Chaudhry family have written to Byju's in the last few weeks, declining to comply with a TLPL notice sent in March to execute the share swap as per the original agreement.
    Updated : Aug 01, 2023

    Byju's sends legal notice to Aakash's founders demanding share transfer: Report

    Edtech entity Think and Learn Pvt Ltd, which operates Byju's, has sent a legal notice to founders of Aakash Educational Services following their alleged resistance to complete a share swap that was unconditionally agreed as part of the sale of AESL, said a report

    Around 70 start-ups across sectors cut employee count; fintech and SaaS accounted for the highest number of firms that fired staff
    Updated : Aug 01, 2023

    Start-ups slash more than 17,000 jobs in the first half of 2023 amid severe funding crunch

    Around 70 start-ups across sectors cut employee count; fintech and SaaS accounted for the highest number of firms that fired staff

    Start-ups will gain peer support from AI and ML founders
    Updated : Jul 31, 2023

    AWS and Accel join forces to launch accelerator program for Generative AI start-ups 

    Generative AI start-ups that have a minimum viable product (MVP) ready and plan to seek funding within the next 12-18 months can apply for the program

    The report projects that generative AI will continue to be highly sought-after for VC investment globally, driven by large corporates eager to avoid missing out on its potential as a significant multi-industry game changer.
    Updated : Jul 29, 2023

    Generative AI sees global surge in investments despite sluggish VC activity in June quarter: Report

    VC investors targeted AI for its potential to drive widespread disruption across industries, seeking the next home run and avoiding the fear-of-missing-out (FOMO) effect.

    She also mentioned that Bengaluru-based Pandoram Technologies is doing notable work in the field of biotechnology.
    Updated : Jul 27, 2023

    Bengaluru has the largest number of life science start-ups: Kiran Mazumdar-Shaw

    Kiran Mazumdar-Shaw who is the executive chairperson of Biocon and Biocon Logistics, said in a recent interview that Bengaluru has launched several innovative biotech ventures like Pandoram Technologies

    The first quarter accounted for as much as 84 per cent of the $1.4 billion raised in the first half
    Updated : Jul 26, 2023

    Indian fintech industry remains third-highest funded in H1 2023 despite 67 per cent drop

    The first quarter accounted for as much as 84 per cent of the $1.4 billion raised in the first half

    The edtech giant has been facing challenging times for some time now. Last month, the company’s auditor Deloitte resigned along with its three board members. 
    Updated : Jul 26, 2023

    ‘All PF dues have been cleared’: Edtech giant BYJU’S issues clarification on delayed payments

    On Tuesday, media reports surfaced suggesting that the company has not cleared the PF dues of most of its employees

    BYJU'S
    Updated : Jul 26, 2023

    Crisis at BYJU'S: After Prosus' explosive letter, Peak XV explains decision to resign from board

    In an official statement, Prosus noted that the decision of its director Russel Dreseinstock to step down from BYJU’S board was prompted after it became clear that he was unable to fulfil his fiduciary duty to serve the long-term interests of the company and its stakeholders.

    Prosus’ statement also added that BYJU’S is catering to a very significant sector in an equally important way. And therefore, as a shareholder, it will continue to work with the other stakeholders to protect the long-term interests of the company.
    Updated : Jul 25, 2023

    ‘BYJU’S regularly disregarded advice’: Prosus on stepping down from BYJU’S Board

    According to Prosus, BYJU’S executive leadership “regularly disregarded advice and recommendations relating to strategic, operational, legal, and corporate governance matters.”

    BYJU's offices in Bengaluru were searched by the Enforcement Directorate in April this year, under provisions of the Foreign Exchange Management Act.
    Updated : Jul 24, 2023

    BYJU’s vacates two office spaces in Bengaluru as cost-saving measure: Report

    The company has vacated two of the nine floors it had in the building. The company has reportedly asked the employees to work out of its other premises or from their homes from July 23.

    Swiggy
    Updated : Jul 24, 2023

    Swiggy to buy back $50 million worth ESOPs from employees

    This event will also see eligible employees from Dineout participate, even though Swiggy acquired the company just last year.

    Number of deals plunges to a mere 293, a 60 per cent decrease from 727 seen in H1 2022
    Updated : Jul 05, 2023

    India’s venture capital funding plummets by 79 per cent in H1 2023; fintech and edtech hit hardest

    Number of deals plunges to a mere 293, a 60 per cent decrease from 727 seen in H1 2022

    The judges collectively made commitments of Rs 40 crore in 65 companies during Season 1. Of this, Rs 17 crore has been invested in 27 start-ups so far
    Updated : Jul 19, 2023

    Sharks invest in 27 out of 65 committed deals; Namita Thapar leads, Anupam Mittal lags

    The judges collectively made commitments of Rs 40 crore in 65 companies during Season 1. Of this, Rs 17 crore has been invested in 27 start-ups so far

    The GST Council in its meeting on June 11 decided to unanimously approve a 28% GST on the full face value on activities including online gaming, horse racing and casinos.
    Updated : Jul 21, 2023

    Investors in online skill gaming industry write to PM seeking review of 28% GST rate on full value 

    They say the change in methodology will result in wholesale destruction of the sector, including for many MSMEs and start-ups.

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