Enticing Sunday: Startup Funding Bloom, BYJU's Biggest Crash & More

Unveiling the Big Bull Meltdown: India's Biggest Ed-Tech Controversy!

In a meticulously researched and thought-provoking analysis, seasoned business journalist Sucheta Dalal casts a spotlight on the dramatic unraveling of Byju's, an ed-tech juggernaut that once stood as a beacon of innovation and progress in the Indian startup ecosystem. Tracing its journey from lofty aspirations to an ignominious crisis, this exposé peels back the layers of the Byju's saga, offering a detailed and analytical narrative that leaves no stone unturned.

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Meesho Marks As India's First Profitable Horizontal E-commerce Company

August 2023 marked a historic moment for Meesho as it achieved profitability, becoming the first horizontal Indian e-commerce company to do so. This milestone is a testament to Meesho's dedication, strategic vision, and the steadfast support of its community of sellers and millions of users. The profitability announcement comes on the heels of a series of remarkable achievements that have propelled Meesho to the forefront of the e-commerce industry. With an impressive 9 crores orders processed each month, a thriving community of 13 lakh sellers, and an expansive user base of 14 crore annual transacting users, Meesho stands as a beacon of success in the competitive e-commerce landscape.

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BRICS Startup Forum: How It's Going to Benefit You, Entrepreneurs

India, which has the world's third-largest  startup ecosystem, is poised to present a Startup Forum to BRICS nations, fostering collaboration and sharing best practices among investors, incubators, and aspiring entrepreneurs. In a move aimed at fostering cross-border collaboration and knowledge sharing, India is set to launch a BRICS Startup Forum later this year. The forum, consisting of Brazil, Russia, India, China, and South Africa, seeks to facilitate meaningful exchanges among investors, incubators, and aspiring entrepreneurs from these nations.

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Indian Startup Funding: Spring of Hope on Horizon

Indian startups could soon witness a resurgence in funding opportunities, as investors project a revival of the funding spring within the next six to twelve months. A recent survey conducted by RedSeer, a prominent consultancy firm, sheds light on investor sentiment, with 50% of respondents anticipating a funding upswing within the short timeframe of six to twelve months. Meanwhile, 22% of investors foresee this recovery occurring within twelve to eighteen months, and an additional 11% are cautiously optimistic about a turnaround beyond the eighteen-month mark.

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Kerala Startup Infinity's Dubai Triumph Fuels Global Dreams

After the resounding success of the 'Startup Infinity' launchpad scheme in Dubai, the Kerala Startup Mission (KSUM) is now poised for a strategic global expansion. The mission aims to replicate its triumph on an international scale by establishing additional branches overseas. The remarkable achievement in Dubai has laid the foundation for KSUM's ambitious outreach.

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App War: Startups Get A Breather, As Google Defers Delisting

Tech Giant Google assures Madras High Court that it will not delist the startups, who have challenged its in-app billing policy, from its Playstore until August 18, 2023. In a recent development, multinational technology giant Google given an undertaking to the Madras High Court that it will refrain from removing mobile applications of startups contesting the in-app billing policy from its Play Store until August 18, 2023. This move comes as the court has granted its consent to hear petitions filed by these startups, which challenge a prior single-judge bench ruling dismissing their grievances against Google's Play Store policies.

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Unlocking Startup Talent Shift: Salaries, ESOPs & Hybrid Work

The startup founders are facing a significant challenge of attracting and retaining top talent while managing their budgets effectively, highlights a report adding that it's becoming increasingly critical for entrepreneurs to be cognizant of the shifting compensation and talent trends to stay competitive. According to the Startup PayPulse Report 2023 by Elevation Capital, in the dynamic landscape of Indian startups, the year 2023 brought salary increases ranging from 8% to 11%. The most notable surge was observed in entry- and mid-level positions, where employees enjoyed an impressive hike of 15-20%.

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TiE-JKEDI Collaboration: Elevating Local Startups to Global Heights

In a move aimed at fostering a vibrant entrepreneurial ecosystem in Jammu and Kashmir, the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) has teamed up with The Indus Entrepreneurs (TiE) Global, through TiE Chandigarh, to launch the TiE-J&K Chapter. This strategic collaboration heralds a new era of opportunities for local entrepreneurs, offering them an unparalleled platform to connect, learn, and flourish.

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Rainmatter Capital: Unveiling Unique Funding Model for Startups

Zerodha, a prominent name in the Indian financial and investment landscape, through its investment arm Rainmatter Capital is set to inject a fresh capital of Rs 1,000 crore to provide funding support the startup founders and promote sustainable development growth. The investment will focus on sectors like health, education, and climate change. The capital has been offered in a unique structure that has no exit mandates to investors in order to benefit founders.

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Unilever Ventures Says 'What's Up' With Their Latest Investment!

Unilever Ventures, the venture capital arm of multinational fast-moving consumer goods (FMCG) behemoth Unilever, has made a significant investment of Rs 14.40 crore in What's Up Wellness, a pioneering health and wellness startup based in Gurugram. This strategic funding is poised to catalyze the growth trajectory of What's Up Wellness, bolstering its team and fortifying product development efforts.

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