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India’s start-up sector is on a roll April 13, 2021 1/3 2/3 × Seizing the pandemic-driven opportunities, quite a few have attained unicorn status and funds are pouring in Almost a year ago, as Covid-19 numbers began soaring, commentators started penning obituaries for India’s feisty and booming tech start-up sector. Business would slow to a trickle as venture-capital investors snapped shut their wallets, doomsters forecast. Funding would dry up. In short, RIP. Life has a way of confounding pundits. In calendar 2021 alone, at least nine Indian start-ups have attained coveted unicorn statu...

Lockdown blues SUBSCRIBE We'll soon meet in your inbox. / Morning Dispatch Harsh lockdowns have brought e-commerce to a halt in some states, which means that while overall demand for online shopping is still up, it isn’t close to matching last year’s growth. Also in today’s letter: India’s national Unicorn week State of the e-commerce nation Regional lockdowns have hampered e-commerce sales in some states and boosted them in others. And while overall demand has grown, it hasn’t surged in the way it did last year, e-commerce executives told ET. What’s happening: Lockdowns in som...

Covid-19 vaccination sites drop to half in India amid shortage of doses Mumbai municipality vehicles were en route to the Pune facility of the world’s largest vaccine manufacturer, Serum Institute of India, on Friday afternoon. An official said the cargo they pick up could beat the shortage of doses threatening to scuttle the Covid vaccination process in the country’s financial capital. “We are expecting as many as 188,000 doses of Covid-19 vaccines. Crackdown on tax evaders: I-T notices to holders of foreign assets The Income-Tax (I-T) Department has issued notices to taxpayers, see...

Updated Apr 10, 2021 | 10:08 IST It is raining unicorns in India. Six start-ups entered the elite club this week. But, did you know that some Indian unicorns have lost their way over the years? (Representational Image)  This has clearly been the unicorn week. India’s startup scene added six unicorns in 5 days - Meesho, a social commerce platform; Cred, a members-only credit card bill payment platform; Groww, a millennial focussed investing app; ShareChat,  a social networking service; Gupshup, a messaging services company, and Pharmeasy, a one-stop online medical...