Startups Lead in Gig Worker Recruitment: Nasscom-Indeed
The gig economy is transforming the traditional job market and creating new opportunities for both employers and workers. According to a survey by Nasscom, Indeed and AON, 84% of organizations in India are exploring or open to gig models, with startups and the BPM sector leading in gig worker hiring. What is the gig economy? […]
The Kenko Life: Bangalore’s Healthy Meal Service Wins Angel Investment
If you are looking for a healthy meal service in Bangalore that can cater to your specific dietary needs and preferences, you might want to check out The Kenko Life. The startup, founded by Neeraj Kumar and Vivek Chandran, provides customized meals to match one’s protein, calorie, and macro requirements, without compromising taste. Their dedicated […]
PayMate’s Worldwide Growth Ignites Curiosity
PayMate, a leading B2B payments solutions provider, is attracting the attention of investors and industry experts as it expands its global presence with recent incorporations in Oman, South Africa, Malaysia, and Australia. The company aims to transform the way businesses transact and manage their working capital using commercial credit cards for accounts payables. PayMate’s global […]
Drivers4Me: The App Where Dependable Drivers Meet the Road
Are you looking for a reliable and professional driver for your car? Do you want to enjoy the comfort of your own vehicle without the hassle of driving yourself? If yes, then Drivers4Me is the app for you. Drivers4Me is an online driver services platform, operating 24×7 to provide car drivers for hiring. Whether you […]
ZestMoney Acquired by DMI Group in Strategic Move
In a surprising turn of events, the DMI Group, a pan-India financial services platform, announced the acquisition of ZestMoney, a leading buy now pay later (BNPL) startup, on January 17, 2024. The deal is said to be a fire sale, as ZestMoney had shut down its operations in December 2023 due to funding crunch and […]
FinAGG’s $11M Series A: Blue Orchard, Tata Capital Lead
FinAGG Technologies, a fintech startup that provides working capital solutions to micro, small and medium enterprises (MSMEs), has raised $11 million in a Series A funding round co-led by global impact investment manager BlueOrchard and Tata Capital Limited. Small Industries Development Bank of India (SIDBI), and existing investor Prime Venture Partners also participated. About FinAGG […]
INDRA Water Treatment: $4M Boost from Mela, Emerald Ventures
Indra Water, a smart water treatment systems provider, has raised $4 million in a Series A round led by Mela Ventures and Emerald Technology Ventures. The round also saw participation from Peak Sustainability Ventures and The Climate Angels. Indra Water was founded in 2017 by Amrit Om Nayak and Krunal Patel, who have backgrounds in […]
Nova Agritech Raises Rs 43 Crore from Anchor Investors
Nova Agritech Ltd, a manufacturer of agri-input products such as bio-fertilizers, bio-pesticides, micronutrients and plant growth promoters, has raised Rs 43.14 crore from anchor investors ahead of its initial public offering (IPO) that opens on January 22, 2024. Anchor Investors The company informed the bourses that it allocated 1,05,22,220 equity shares at Rs 41 per […]
CoinSwitch Leads the Way: Unveiling the Highest Cashback on Crypto Deposits
CoinSwitch Leads the Way: Unveiling the Highest Cashback on Crypto Deposits CoinSwitch, India’s largest crypto trading platform, has announced a new offer that rewards its users for depositing crypto assets to their CoinSwitch PRO account. The offer, called Cashback Bonanza, is the best-in-market offer announced by any Indian platform so far. How to avail the […]
The Employment Crisis in Indian Startups: Over 24,000 Jobs Cut in 2023, Reports Indicate
Introduction The year 2023 was a tough one for the Indian startup ecosystem, as more than 100 companies slashed their workforce by over 24,000 employees, according to a report by market research firm TheKredible. The report attributed the layoffs to a combination of factors, such as funding crunch, profitability pressure, regulatory challenges, and automation. Major […]