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Southeast Asia's tech startups, fueled by massive funding and rapid growth, are now facing a challenging funding winter and a loss of investor confidence due to the collapse of the Vision Fund and global stock market decline.
After more than two hours of deliberations on the basis of an 87-page dossier, the high-powered jury for the Economic Times Startup Awards 2023 selected the eight winners from a cohort of 38 nominees.
A few weeks ago, Tata group company Titan hogged the headlines when it bought 27% stake in CaratLane (Titan has been a strategic investor since 2016). A cash exit for an Indian consumer internet entrepreneur is rare, more so when it comes as the broader industry is struggling to get the fundamentals right, and funding from risk investors has fallen precipitously.
The company also reported that it turned profitable in the second quarter of FY2023 (July-August-September).
Share on Being a software professional, mother to two young children, and starting a venture in the male-dominated jewellery business can be a tough task, but the challenges did not deter Priyanka Khandelwal from setting up a bootstrapped direct to consumer (D2C) brand – Priyaasi. The startup has hit revenue of Rs 35 crore in FY21, and has always remained profitable. Though trained as an engineer and having worked at corporates, but hailing from a Marwadi-bania family, Priyanka was always keen to do something on her own. Post her marriage and giving birth to a baby, Priyanka resigned fro...