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Unicorns

Unicorns

Lendingkart has disbursed 1,40,000 loans to more than 200K MSMEs in more than 4,000 cities and towns across India since its inception.

This Gurugram-based fintech start-up aims to disburse loans worth Rs 250 crore to rural MSMEs

Oct 04, 2022

The two companies aim to empower rural MSMEs by disbursing atleast Rs 250 crore worth of loans every year.

Meesho, which offers value commerce targeted mainly at India’s small-town buyers, reveals that ~60% of the orders in the just-concluded sale came from Tier 4+ regions. Photo: Meesho Blog

Meesho mints 20,000 lakhpati sellers in five-day festive sale; clocks 3.34 cr total orders

Sep 29, 2022

Value e-commerce platform Meesho saw soaring demand from India’s small towns in its just-concluded festive sale. Seller registrations went up 3X, while MSME participation jumped 360% over last year.

Gokulnath also wrote in the end that her husband is the most beautiful person she knows.

Byju Raveendran's wife Divya Gokulnath recalls initial years of starting up, calls last 6 months ‘toughest’

Sep 28, 2022

In a rare display of emotions, Gokulnath opened up on how tough the last six months have been for them both personally and professionally in a LinkedIn post on Tuesday.

The LinkedIn report, however, highlighted that despite the challenges, India’s robust start-up ecosystem will play a key role in helping India become a $5 trillion economy by 2025.

Kunal Shah’s Cred tops LinkedIn’s list of start-ups followed by UpGrad, Groww

Sep 28, 2022

The start-ups are finalised based on four aspects - employee growth, jobseeker interest, member engagement within the company and its employees.

Paytm Transit Card is the PPBL’s second product in the mass transit category after FASTags.

Paytm Payments Bank launches Paytm Transit Card; check out features

Sep 27, 2022

This card will allow users to use it for multi-purposes such as travelling in metro, buses and trains, as well as for making payments at offline and online stores.

Pramath Raj Sinha, Founder and Chairman, Harappa Education

upGrad-owned Harappa Education to launch in the US, UK via enterprise learning route

Sep 27, 2022

Online higher education start-up Harappa, which has a learner base of 600,000+, is launching its leadership programmes in the US. It is betting big on soft skills that can be complementary to technical degrees.

 The company is expected to break even in January 2023, and this has been confirmed by co-founder Gaurav Munjal.

Edtech unicorn Unacademy inching towards profitability, aims to break-even in January 2023

Sep 26, 2022

Unacademy has slashed its monthly burn rate to Rs 50-Rs 60 crore from more than Rs 200 crore.

An incessant spell of rains caused havoc in Delhi on Thursday and Friday. One section which was visibly affected by the rains is the delivery companies and individuals delivering orders

How Zomato, Swiggy, Dunzo, Zepto are battling it out in Delhi rains

Sep 24, 2022

Business Today spoke to unicorn start-ups like Zomato and Swiggy to understand the on-ground situation better and know how they are navigating through the situation.

While the crackdown on faulty operators may have been a long time coming, Zomato will also “whitelist” restaurants that provide a great customer experience

Zomato cracks down on cloud kitchens running more than 10 brands from a single location

Sep 23, 2022

The foodtech unicorn has announced that it will manually check physical locations of cloud kitchens that run 10+ brands and review their menus to see if they are differentiated enough.

Recently, the company filed an addendum to its DRHP submitted to the SEBI in September last year.

SoftBank might cut down OYO’s valuation by 20% to $2.7 billion, start-up calls it 'speculation'

Sep 22, 2022

In 2019, OYO, one of the most valued start-ups in India, had a valuation of $10 billion. It is backed by the likes of Lightspeed Ventures, Sequoia India, Airbnb, Didi Chuxing, and more.

. The company has signed an MoU with CG Motors in Nepal partnering them as local distributors for its scooters for S1 and S1 Pro models.

Ola’s e-scooter to foray into Nepal by year end

Sep 22, 2022

After the Nepalese market, the unicorn start-up will be taking the e-scooters to the LATAM, ASEAN and the European Union soon, co-founder and CEO, Bhavish Aggarwal announced on Twitter.

Zomato management is confident that quick commerce’s long-term margin will converge with foodtech. (Photo: Entrackr)

Is quick commerce for real? Investors question Zomato’s foray into it with Blinkit

Sep 21, 2022

As per a note from brokerage house Jefferies, a huge amount of skepticism is still prevalent among investors over the viability of quick commerce as a segment.

Yuvraj Singh

Planning to book an Airbnb in Goa? Cricketer Yuvraj Singh might host you

Sep 21, 2022

The icon has opened his home in Goa, Casa Singh, to Airbnb users. Situated on a hilltop, a group of six will have insider access to the cricketer’s three-bedroom home, which offers views of the sea.

Kunal Shah Instagram

Cred founder Kunal Shah tops the list of angel investors followed by Snapdeal's Kunal Bahl

Sep 20, 2022

The report by startup content platform, A Junior VC, includes Kunal Bahl, and Anupam Mittal, who has invested in 66 and 65 start-ups respectively.

Byju's further added that it has generated sales of Rs 4,350 crore in the first four months of FY23.

Byju's FY21 losses were 10x its total losses in the seven years before

Sep 20, 2022

From FY14 to FY20, edtech firm Byju's reported cumulative losses of Rs 452.77 crore that jumped 10 times in a single fiscal as its cost of operations and marketing expenses hit the roof. Is there an endgame?

Byju's

Byju’s Divya Gokulnath calls company's FY21 results 'second blockbuster after 'Brahmastra'

Sep 20, 2022

In a LinkedIn post shared on Tuesday morning, Divya Gokulnath, co-founder of the edtech unicorn urged people to judge both the movie Brahmastra and the financial results of the company after seeing the entire picture.

Unacademy

The next big start-up idea: Unacademy’s founder Gaurav Munjal gives 3 top tips for aspiring entrepreneurs

Sep 19, 2022

In a blog he posted on Sunday, Munjal noted a few points he thinks will help start-up founders and also others who want to understand better what they can build.

OYO

Oyo revives IPO plans, reveals its revenue and cost drivers in documents submitted to SEBI

Sep 19, 2022

Oyo’s parent company, Oravel Stays Private Limited, submitted fresh documents to SEBI revealing that while its storefronts are key revenue drivers, employee benefits and marketing expenses are its major expenses.

ANI Technologies

Ola lays off 200 employees across software verticals

Sep 19, 2022

The Bengaluru-based unicorn is in the middle of a major restructuring exercise. It had earlier laid off about 2,000 employees.

Paytm

Paytm tokenises over 52 million cards across VISA, Mastercard, RuPay

Sep 19, 2022

One97 Communications Limited (OCL), the company that owns Paytm, released a statement on Monday morning stating that with this development 93 percent of the monthly active cards on the Paytm app are tokenised.

iPhone 14 series

iPhone 14 delivery now possible in just 8 minutes, says Blinkit CEO Albinder Dhindsa

Sep 16, 2022

The Gurugram-based startup has partnered with Apple reseller, Unicorn Infosolutions, to make the deliveries possible.