Tech Startup

Byju Raveendran, the CEO, and founder of Byju’s, a prominent edtech company, along with approximately 51 investors, are collectively held accountable for the downturn of the company, as indicated by serial entrepreneur and investor Ronnie Screwvala. Screwvala criticized the investors for prioritizing inquiries about secondary investments over fundamental issues like the absence of a CFO during board meetings. He emphasized …

In a dynamic IT landscape where technological evolution is non-negotiable, staying competitive demands strategic investments. Amit Singh, Content Head, itVARnews in an insightful conversation with Ratnakar Kanchan, Managing Director of Lauren Information Technologies, explores the imperative role of AI/ML and digital engineering and how these investments, meticulously aligned with business objectives, stand as the bedrock of sustained competitiveness in the …

Startup Odisha organized the STARTUP UTSAVV 2024 event, spearheaded by the MSME Department of the Government of Odisha. This initiative, dedicated to fostering innovation and entrepreneurship, united key players such as industry leaders, government officials, startups, incubators, academic institutions, mentors, and various stakeholders. The event featured distinguished attendees, including Pratap Keshari Deb, Minister of Industry, Energy, and MSME; Subroto Bagchi, …

Binny Bansal, co-founder of Flipkart, has officially resigned from the board of the company, marking the conclusion of his association with the internet firm he co-established with Sachin Bansal in 2007. Flipkart, initially an online bookstore, evolved into a major e-commerce player, attracting global investors and ultimately being acquired by Walmart in 2018. Binny Bansal, expressing confidence in Flipkart’s robust …

Beleaguered edtech giant Byju’s is reportedly seeking a substantial reduction of over 90% in its valuation to secure fresh funds, as it grapples with challenges in venture capital funding and a decreased demand for online learning post-COVID. The company, initially one of the world’s most valuable startups, aims to raise over $100 million in a new share issuance scheduled for …

In 2023, startups encountered difficulties securing funding, prompting a significant change in their priorities. A survey by Innoven Capital found that, in response to the funding challenges, 62% of founders shifted their focus from growth to financial responsibility, profitability, and exit strategies. This marked an increase from 55% in 2022 and 17% in 2021. SaaS and fintech founders, particularly those …

Tech startups are playing a transformative role in the digital evolution of Micro, Small, and Medium Enterprises (MSMEs), offering them access to tools, technologies, and opportunities that were traditionally reserved for larger enterprises. In today’s business landscape, establishing a robust digital presence is crucial for success, encompassing aspects such as websites, mobile apps, and digital marketing. However, many small businesses …

Micron Technology has disclosed that Micron Ventures, its venture capital arm, is set to invest $200 million in deep tech startups through its Fund II. This initiative follows the success of Fund I, initially focused on AI, and will broaden its scope to encompass a wider range of deep tech innovations. In a commitment to diversity, equality, and inclusion (DEI), …

One97 Communications Limited (OCL), the parent company of Paytm, has unveiled the Paytm 2023 Recap, a comprehensive summary showcasing the notable achievements at the end of the year. The recap highlights a year of groundbreaking developments in the payments sector and significant user engagement through the Paytm application. Users can now review their Paytm payment experiences in 2023 at paytm.com/recap. …

Airbus, the aerospace giant, announced on Friday that its geospatial digital platform, OneAtlas, is set to collaborate with Bengaluru-based startup HyperVerge. The partnership aims to implement and integrate new Artificial Intelligence (AI)-based analysis for satellite data. HyperVerge will introduce AI algorithms for automatic change detection analysis on Airbus’ Pleiades and SPOT optical satellite constellation, offering high-resolution imagery. These capabilities will …