Skyroot India’s first private company to test upper-stage rocket engine
Skyroot Aerospace has successfully test-fired an upper-stage rocket engine, becoming the first Indian private company to demonstrate the capability to build a homegrown rocket engine.
Court restricts CureFoods from selling movable assets
The company had sent a termination notice claiming that it was unable to do business ow...
Indian startups like Grofers, Zomato start restoring salaries after pay cuts
While the country's economy has gradually begun to open up, albe...
CureFit lays off hundreds, cuts pay across levels
While the company founders will forgo their salaries, the management team and other staff would be taking a 50-20% pay cut as part of a plan to cut costs, the company said.
Zomato co-founder's new startup to offer mental health online
The mobile app provides meditation and yoga content through a mixture of live classes and an on-demand library of audio and video content.
PolicyBazaar arm cuts over 1,500 jobs
Owing to the coronavirus impact, other unicorns and large startups like Oyo, Curefit, Swiggy, Ola, and Zomato too have had to cut their team sizes by 10-30%, while some have placed additional staff on furloughs.
Department of Space, AIM, and Niti Aayog jointly organize workshop on empowering startups
Secretary, DoS, explained various opportunities and provisions being created within Indian Space Research Organisation (ISRO) to encourage the startups including the buy-back arrangements. He also announced the startup programme under ISRO called Space Entrepreneurship & Enterprise Development or SEED.
Continuity leads $30 million equity financial round in Groww
Groww competes with Steadview Capital and Tiger Global-backed IndWealth and Accel Partners’ portfolio company Scripbox in providing an online investing platform to consumers and retail investors, which allows them to invest in mutual funds and stocks.
Curefit scoops up Rs 832 crore in fresh round led by Temasek
The new financing round has also seen the entry of two new investors into the company’s investor cap table, GableHorn Investments and Ascent Capital.
ET Startup Awards 2020: GV Ravishankar wins the Midas Touch award for best investor
Ravishankar's size and scale of return from capital deployed in firms made him the favoured pick.
CDC Group commits $10 million to early-stage technology fund Chiratae Ventures
The fourth fund will focus primarily on early-stage investments and be flexible enough to invest at seed and expansion stages, backing companies in deep-tech, consumer media and tech, software, fintech, and health tech sectors.
Employee social network Mesh raises funds from Y Combinator, others
Mesh is building an internal social platform for companies that makes it easier for employees to track their daily and weekly tasks, manage long-terms goals, and get timely feedback from managers.
ET Startup Awards 2020: Nominees for Healthcare Innovation, Midas Touch
A look at the shortlisted startups for the Healthcare Innovation and Midas Touch categories for The Economic Times Startup Awards 2020.
VCs and startup CEOs join hands to launch Covid-19-focussed Grant
The Action Covid Team Grants, which is possibly a first-of-its-kind initiative globally, has already received about 40% of its target corpus.
With RIL eyeing Netmeds deal, ePharmacy in for consolidation
Reliance's yet-to-be announced acquisition of Netmeds for an estimated $120 million is a catalyst for other players such as PharmEasy and Medlife to explore merger and acquisition negotiations.