UNICORN STATUS

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The total worth of India's future unicorns will stand at USD 58 billion, an increase of 1.2 per cent as compared to last year. Fintech sector leads with the highest number of companies that can become Unicorns in future.

Happy Wednesday! Omnichannel jewellery startup Bluestone is nearing unicorn status with a potential $100-million pre-IPO investment. More on this in today’s ETtech Morning Dispatch.

India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour an...

Happy Tuesday! Despite deal activity in late-stage startups showing signs of a revival, new unicorns aren’t being birthed. This and more in today’s edition of ETtech Morning Dispatch.

​​A new report brings out the continuing downward trend in funding, as investors remain more cautious and selective, even as India remained the fourth largest venture market in the world in 2023.

The two deals helped push up overall funding numbers by nearly three times to $186.6 million, deployed across 10 deals. This was up 188% from $64.9 million across 32 deals in the same week a year ago – March 9 to March 15, 2023.

Warburg Pincus-backed Perfios is considering an initial public offering (IPO) that could raise about $500 million in India at a potential valuation of $2 billion. It is also chalking out plans to enter the US and European markets in 2024.

India’s consumer internet firms have expressed reservations about the ex-ante framework in the proposed digital competition law. This and more in today’s ETtech Top 5.

Prioritising value creation over inflated valuations is crucial for the long-term health and sustainability of the ecosystem. While valuation measures a company's worth based on its perceived potential, value creation focuses on tangible benefits it...

Based in Oslo, Norway, the brand created a niche product, an electronic paper tablet, which allows users to scribble and take handwritten notes, read and review documents. The device is powered by a proprietary operating system which does not offer ...

ElevenLabs on Monday said it raised $80 million in Series B funding from investors led by venture capitalist Andreessen Horowitz along with entrepreneurs Nat Friedman and Daniel Gross, with participation from Sequoia Capital among others.

The company noted that the case contained both law and fact, which could only be settled via arbitration. Counsel for the BCCI, however, denied any negotiations and sought more time to consult with the Board.

Startups with sustainable business models as well as the well-capitalised ones are expected to weather the current turmoil. And the horizon in 2024 is expected to be "exciting" as well as "challenging".

At the Delhi-NCR edition of the ET Soonicorns Summit 2023, eminent personalities and ET Editors took the stage to unveil the ET 30 Future Unicorns of Delhi-NCR report, produced in partnership with venture intelligence firm Tracxn. A storehouse of in...

Scheduled to be held on November 3, 2023, Delhi-NCR edition of the ET Soonicorns Summit 2023, will bring together key industry leaders to share insights into nurturing the next generation of unicorn founders. It aligns with India's vision to become ...

At the ET Soonicorns Summit in Delhi on November 3, Jeet Vijay, CEO , MEITY Startup Hub and Geetika Dayal, Executive Director, TiE Delhi-NCR will deliver the keynote addresses on enabling Indian startups to become the engine for global economic grow...

Currently, the Noida-based startup has 67 centres operational in 38 cities. The offline centres will offer a curriculum for engineering and medical entrance examinations.

The startup's technology helps more than 50,000 businesses including Amazon.com in creating custom AI avatars used in instructional and corporate videos.