startup news

As advertising expenditures and other costs skyrocketed, Bengaluru-based D2C food tech unicorn 'Licious' consolidated net loss more than doubled to INR 855.7 Cr in the fiscal year 2021–2022 (FY22).

Lentra, a fintech SaaS company with headquarters in Pune, has raised $60 million in a Series B round headed by its current backers, Bessemer Venture Partners and Susquehanna International Group (SIG) Venture Capital.

If we look at the business-to-business (B2B) agritech company Ninjacart's financial success during the last several fiscal years, it has become the market leader in the sector. The Bengaluru-based company expanded by 28% in FY22 while bringing its losses under control.

Alpha Wave and Aspada's Lightrock have invested $15 million in healthcare startup “Even” as part of a new investment round.

The Australian fintech Zip-backed buy now pay later (BNPL) firm ZestMoney witnessed its loss triple year over year (YoY) to INR 398.8 Cr in the fiscal year that ended on March 31, 2022, as a result of a significant increase in its costs.

Lido Learning, founded in 2019, provides live online tuition classes in mathematics, science, English, and coding to children from kindergarten (KG) to Grade 9.

On September 7th, retail tech startup Daalchini raised $4 million in a Series A funding round led by Unicorn India Ventures.

As part of its Series D fundraising round, the beauty and cosmetics company SUGAR Cosmetics has attracted Bollywood actor Ranveer Singh as an investor. The amount of the funding was not made public by the company.

On Saturday, Nirmala Sitharaman, the Finance Minister of India, announced the "Millet Challenge" for startups.