IndianStartups

Blume Ventures is requesting that their portfolio firms hold Indian accounts and reduce their exposure to foreign markets in response to the collapse of the US lender. According to partner…

Byju’s offers to pay a higher interest rate on their $1.2 billion loan. Creditors may increase the rate by 200-300 basis points as the debt-financing agreement is being reworked.

Livspace is reducing their tech and product roles by nearly half. A total of 36 employees, out of a team of 80, have been asked to leave the company. This…

Amitabh Kant stated that startups with good business models will continue to receive investment. The market for Indian startups is not limited to the 1.4 billion people of India. The…

Swiggy Launchpad offers 0% commission to first-time restaurant partners for the first month. This initiative encourages new restaurant partners to recognize online delivery as an incremental channel to kickstart their…

Delhi authorities have issued a warning to Uber and Ola regarding the use of bike taxis. Bike taxis remain available for booking on Uber and Ola apps in New Delhi…

Ashneer Grover launches third Unicorn, CrickPe, in the fantasy sports space. This space has seen many new-age firms emerge over the past few years. Dream11, backed by Tiger Global, is…

Cashfree Payments acquires Zepce, a one-click checkout platform. Cashfree is looking to add capabilities such as return to origin (RTO) reduction on returns, fraud detection, and address pre-filling to improve…

ShareChat and Moj launch certification program for marketers, advertisers, and brands. Program is free of cost and designed to help brands reach millennials. Program will enable brands to access ShareChat…

SoftBank and Ant are discussing a secondary sale of Paytm. Paytm’s management, including its founder and CEO Vijay Shekhar Sharma, are reportedly against having a strategic investor join the company.

CRED is rolling out a buy now and pay later service and a tap to pay feature. This will help boost engagement and monetization on the platform. Cred Flash, the…

Zomato requests restaurants to raise commissions. For the past two years, Zomato has been charging a commission of 18-25% per order for deliveries. The commission depends on the arrangement with…

The Tamil Nadu Government has launched TANSEED 5.0, which includes an equity model to support startups. Since 2021, the government has supported 84 startups in the state. TANSEED 5.0 will…

Ant Group, backed by Jack Ma, plans to reduce its stake in One 97 Communications Ltd., which owns Paytm. The Chinese fintech giant’s stake in One 97 Communications Ltd. has…

Punjab Governance Reforms Minister Meet Hayer emphasizes the state’s ideal environment for the IT and startup sector. The Punjab government has taken steps to ensure the industry is an equal…

Sunil Mittal, Indian telecommunications tycoon, is looking to acquire a stake in Paytm. He plans to do this by merging his financial services unit into the fintech giant’s payments bank.