Author: News Desk
In 2023, a year marked by unprecedented challenges and breakthroughs, startups witnessed significant highs and lows. The year saw fluctuations in funding, profits, and exits, resembling a rollercoaster ride for these entrepreneurial ventures. As the year draws to a close, startups are gearing up for a promising 2024, leaving behind the uncertainties and setbacks of 2023. The year 2023 proved to be a period of stable growth and strategic alignments for startups, setting the stage for their entry into 2024. With the disruptions caused by the geopolitical tensions of 2023 now in the past, startups are anticipating a more favorable…
A discerning reader of financial news throughout 2022 would have observed a prevailing narrative of challenges and setbacks for startups. Themes such as employee layoffs, delayed capital infusions, reduced marketing spends, and diminished valuations became recurrent headlines, all pointing to a common underlying issue – the onset of a ‘Funding Winter.’ Understanding Funding Winter Funding Winter refers to an extended period of reduced capital inflows into startups, a global phenomenon that persisted throughout 2022 and into 2023. This trend, reflective of the third-largest startup ecosystem in the world, India, has seen a significant impact on capital flows to startups within…
As 2023 comes to a close, the once-promising aspirations of EdTech startups like XYZ Learning Hub, EduCompliance Solutions, and BYJU’S face the stark realities of a rapidly changing industry. The optimistic narrative of revolutionising education has shifted, prompting a detailed exploration of the numerous factors contributing to the decline of EdTech startups. This analysis delves into a complex web of challenges that have defined the year. The Overcrowded Arena The promising landscape of educational technology (EdTech) turned into a fiercely competitive arena due to a surge in startups like BYJU’S,Vedantu, upGrad, etc vying for a share of the e-learning market. This led to overcrowding and intense competition, making it challenging for…
The Maharishi Valmiki International Airport Ayodhya Dham, also known as the Ayodhya Airport, is set to become the fifth airport in Uttar Pradesh, India’s most populous state. Developed under the Regional Connectivity Scheme, the estimated cost of the project is Rs 350 crore. Once completed, UP will be the only state in India with five international airports. Currently, the state has two operational international airports – Chaudhary Charan Singh International Airport (Lucknow) and Lal Bahadur Shastri International Airport (Varanasi). Construction is also underway for Kushinagar International Airport (Gorakhpur) and Noida International Airport (Jewar). Several states have expressed interest in acquiring…
Hyundai Motor has named Bollywood star Deepika Padukone as its brand ambassador, solidifying its position as a dynamic brand in India. According to Hyundai Motor India’s CEO Ganesh Mani, Deepika Padukone’s presence will assist in providing the best representation for Hyundai’s vehicles in terms of style, performance, and an enhanced driving experience. The company expressed its satisfaction in having globally acclaimed Deepika Padukone as its brand ambassador. In her role as the brand ambassador, Deepika Padukone is expected to contribute to Hyundai’s efforts to connect with the youth in India, aiming to make the brand more appealing. Hyundai Motor India,…
In the fast-paced world of startups, where adaptability is key, the landscape of regulations undergoes constant evolution. The challenges faced by startups in keeping up with these rapid changes can be profound. From shifts in compliance requirements to updates in industry standards, staying ahead becomes not just a strategy but a necessity. Striking BalanceOne perennial debate within the startup ecosystem revolves around striking the right balance between regulatory compliance and fostering innovation. This delicate equilibrium often determines the trajectory of a startup’s growth. Successful startups are those that navigate this fine line adeptly, finding ways to comply with regulations without…
Wipro, the third-largest software services exporter in India, has initiated legal proceedings against its former Chief Financial Officer (CFO), Jatin Dalal, in a Bengaluru civil court. While the exact grounds for the lawsuit remain undisclosed, reports suggest that Dalal has urged the court to transfer the case to arbitration. Dalal, who had served as Wipro’s CFO since 2015, resigned from the company on November 30. Following his departure, Cognizant Technology appointed Dalal as their CFO in September, succeeding Jan Siegmund, who plans to retire in early 2024. In his new role at Cognizant, Dalal will oversee various global financial functions.…
Chinese tech giant Xiaomi has officially unveiled its entry into the electric vehicle (EV) market with the debut of the SU7 at the Stride launch event in Beijing. Xiaomi’s founder and CEO, Lei Jun, expressed the company’s ambitious goal of becoming one of the world’s top five automakers within the next 15 to 20 years. The SU7, set to be contract-manufactured by Beijing Automotive Industry Holding Co. Ltd (BAIC) in China, is positioned as a midsize premium electric sedan under Xiaomi’s Mi brand. The vehicle will be available in three variants: SU7, SU7 Pro, and SU7 Max, offered in three…
In a recent announcement, the Reserve Bank of India (RBI) Governor, Shaktikanta Das, urged banks to actively engage in technology-driven deposits to ensure a smoother transition into the future. He highlighted the importance of banks adopting technology in various sectors such as information technology and IT security. Governor Das emphasized the need for banks to take the initiative in navigating through challenges by embracing technology, considering the difficulties faced by several banks during the recent disruptions, especially in the aftermath of the tenth SBI Conclave held in Mumbai. While conducting an investigation, the RBI found that many banks struggled with…
Discover Grasshopper’s Vegan Shawarma—a revolutionary plant-based delight disrupting Kerala’s taste buds. Led by visionary Kannan Parakkunnel, this unique creation aligns with diverse diets and champions sustainability. Claimed to be the world’s first ready-to-eat plant-based shawarma is free from oils, gluten, and preservatives. Launched just six months ago, Grasshopper Global’s Ready-to-Eat Shawarma has gained popularity in Singapore and is poised to make its mark in India. A delicious departure from tradition, urging mindful dining choices. Experience the future of fast food with Grasshopper—where taste meets sustainability. Grasshopper’s Vegan Shawarma stands as a testament to his commitment to offering nutritious, sustainable, and delicious alternatives…