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The company does not need additional capital for its pivot. Most of the $37 million that Virgio raised last year remains in the company’s bank account and gives the company a cash runway of three years, per Nagaram.
India's newest unicorn Zepto has set its sights on an ambitious sales target, CEO Aadit Palicha said during The Economic Times Startup Awards 2023 (ETSA).
Prashanth Prakash, partner at Accel India, said Indias public markets are one of the best things that the country has to offer to the new economy space, but the ecosystem “lost sight of what it is to practically build a company for the public market”.
The Economic Times Startup Awards, honoring Indian entrepreneurs, will take place in Bengaluru. The winners across eight categories were announced, including OfBusiness as Startup of the Year and Jishnu Bhattacharjee of Nexus Venture Partners as Midas Touch winner. The event will also feature a panel discussion on sustainable businesses.
The biggest names in Indias startup galaxy, top entrepreneurs, policymakers and investors will congregate to celebrate the countrys brightest entrepreneurs in Bengaluru on October 7 at the ninth edition of The Economic Times Startup Awards. This and more in todays ETtech Morning Dispatch