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Deals Digest: Momentum rises this week on the back of some mid-sized deals

Capital raised by startups from private equity and venture capital firms edged up this week, thanks to a bunch of mid-sized transactions valued at over ......

Parsons-nutritionals , A-renon-healthcare-pvt-ltd , Harechat , Niqus-consultech-inc , Ightfury-games , Ircle-of-games , Motorad , Lazeclan , Ersé-innovation-pvt-ltd , Ailyhunt , Eneral

How India's top-funded startups curbed cash burn as VC funding slowed

India’s top-funded startups reduced their average monthly cash burn rate in the financial year ended March 2023, as they reined in their operational losses amid ......

India , Swiggy , Honepe , Yo , Ailyhunt , Harmeasy , Ream11 , Harechat , Ine-labs , Fbusiness , Azorpay

India's top-funded tech startups reined in FY23 losses as revenue growth slowed

India's top-funded technology startups, which went overboard with expenses to attract talent and customers in 2021-22 thanks to record venture capital funding, reined in their ......

India , Startups , Nalysis , Wiggy , Honepe , Yo , Ailyhunt , Harmeasy , Ream11 , Harechat , Ine-labs

ShareChat secures nearly $49 million from key investors: Report

New Delhi: Social media platform ShareChat has raised $48.8 million via convertible debentures from its existing investors that include Temasek and

New-delhi , Delhi , India , Mohalla , India-general- , Temasek , Google , Tiger-global , Lightspeed-ventures , Investors , Harechat

Tech Layoffs: Over 4.25 lakh tech employees lose jobs in 2023, layoffs continue during holidays, ET Telecom

Tech Layoffs: According to the latest data from layoff.fyi, a website that tracks tech sector job cuts, 1,178 tech companies have laid off 260,771 lakh employees this year globally (as of December 26).

India , New-year , Big-tech , Tech-layoffs , Oco , Dtech , Ndia , Aytm , Harechat , Yju , Dda247

ShareChat lays off 200 employees to streamline its cost base

New Delhi: Social media platform ShareChat has laid off 200 employees, or about 15 per cent of its workforce, as part of strategic restructuring. Mohalla

New-delhi , Delhi , India , Mohalla , India-general- , Temasek , Moj , Harechat ,

Verse Innovation: Small firms eye homegrown apps to build strong footprint beyond metros, ET Telecom

Verse Innovation: Industry watchers said the short form video boom that India has been witnessing is what is fueling this growth. Gaurav Jain, head of emerging business at ShareChat and Moj, believes that it is what will drive the next set of users who come online in India. He said that it will not only grow in terms of users and engagement time but also in how advertisers can use the medium to reach out to their prospective customers.

Ahmedabad , Gujarat , India , Kolkata , West-bengal , Lucknow , Uttar-pradesh , Kanpur , Chennai , Tamil-nadu , Mumbai , Maharashtra

Small firms eye homegrown apps to build strong footprint beyond metros, ET Retail

Small businesses in India, such as wafer, hosiery, and footwear companies, are turning to homegrown apps to expand their reach and boost sales. These apps provide access to a hyper-local audience and help businesses establish a strong presence beyond metro cities. Companies like VerSe Innovation, ShareChat, and Hipi are attracting local and regional businesses as advertisers, offering cost-effective advertising solutions. The growth of short-form video platforms is driving this trend, allowing advertisers to reach potential customers in tier II cities.

Ahmedabad , Gujarat , India , Kanpur , Uttar-pradesh , Lucknow , Kolkata , West-bengal , Chennai , Tamil-nadu , Indore , Madhya-pradesh

Meet Ankush Sachdeva, IIT Kanpur alumni who failed 17 times before founding Rs 40,000 crore startup

Ankush Sachdeva started 17 startups but they all failed. In his 18th attempt, Ankush Sachdeva, along with his two IIT-ian friends, Farid Ahsan and Bhanu Singh, collaborated on the Sharechat app, which was launched in October 2015.

Bangalore , Karnataka , India , Mohalla , India-general- , Kanpur , Uttar-pradesh , Bhanu-singh , Farid-ahsan , Ankush-sachdeva , Microsoft , Somerville-school

ShareChat parent shuts fantasy gaming platform, lays off ~5% employees

Jeet11 was launched in early 2020 to explore the fantasy gaming space and potentially take on larger players such as Dream11 and Mobile Premier League.

India , Mohalla , India-general- , Bengaluru , Karnataka , Times-group , Google , Mohalla-tech-private , Bangalore-based-mohalla-tech-private-limited , Mohalla-tech , Mobile-premier-league