Top news of the week: 06.04.2023.
FY23 ends on positive note; VC funding touches $1.4B in March
March 2023 witnessed a total venture funding inflow of $1.4 billion, which comes as a relief compared to February, where the amount stood at $734 million.
Startup funding drops 60% in Q1 of 2023 as macro headwinds worsen
Private equity and venture capital (PE/VC) funding fell 60.5 percent to $6.64 billion in January-March from $16.8 billion a year earlier, according to data collated by …
Behind Meesho’s reset; SVB hit Indian startups moved funds to Gift City, other countries
Until early in 2022, ecommerce startup Meesho was burning around $40 million a month in cash as it took on bigger rivals Amazon India and Walmart-owned Flipkart. As the etailer cuts its ...
Healthtech startup Dozee raises $6M in Series A2 funding
Dozee plans to use the funding to expand its reach and invest in R&D capabilities. The company also plans to tap into 2,000 hospitals in more than 100 districts, over two years.
V3 Ventures launches in India; to invest up to €100M across India, Europe, and US
V3 Ventures will focus on early-stage digital and consumer businesses and is led by entrepreneurs Arjun Vaidya and Lopo Champalimaud.
ZestMoney’s failed buyout is the last nail in BNPL coffin
The concerns flagged by PhonePe owner Walmart for not going ahead with the acquisition are emblematic of all that’s wrong with the buy now pay later business in India.
Need national consensus on AI: Open letter by Zoho's Vembu, iSPIRT's Sharma, NITI Aayog's former VC
The letter recognised opportunities AI provides, adding that if deployed optimally and strategically, it can yield equitable and sustainable growth.
It is spring season for startups in India
This is a once-in-a-lifetime opportunity to make India world's startup capital