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Exclusive: Healthify Fires 150 Employees In A Restructuring Exercise

India, April 27 -- Bengaluru-based healthtech startup Healthify (formerly HealthifyMe) laid off around 150 employees, or about 27% of its workforce, in a restructuring exercise earlier this week, sour... Read More


Capria Ventures Closes India Opportunity Fund At INR 153 Cr Post Awign Exit

India, April 26 -- Betteplace Solutions backer Capria Ventures has announced the successful completion of fundraising for its India Opportunity Fund at INR 153 Cr. This comes on the backdrop of Capri... Read More


Third Wave Coffee's FY23 Loss Nearly Quadruples To INR 55 Cr

India, April 26 -- Bengaluru-based QSR coffee chain Third Wave Coffee Roasters' loss nearly quadrupled in the financial year ended March 31, 2023. The startup reported a net loss of INR 54.3 Cr in FY2... Read More


Third Wave Coffee's FY23 Loss Nearly Quadruples To INR 55 Cr, Sales Zoom Over 350%

India, April 26 -- Bengaluru-based QSR coffee chain Third Wave Coffee Roasters' loss nearly quadrupled in the financial year ended March 31, 2023. The startup reported a net loss of INR 54.3 Cr in FY2... Read More


Lenskart's FY23 Sales Surge Over 150% To Inch Closer To INR 4,000 Cr Mark

India, April 25 -- Peyush Bansal-led eyewear giant Lenskart's sales inched closer to the INR 4,000 Cr mark in the financial year ended March 31, 2023. The Delhi-NCR based startup reported sales of INR... Read More


Exclusive: Clix Capital Raises $6 Mn Debt Funding From DCB Bank

India, April 25 -- Delhi NCR-based Clix Capital has secured a debt funding of $6 Mn from DCB bank. As per the regulatory filing of the non-banking financial company, it is allotting around 1,00,000 no... Read More


Swiggy Shareholders Give Nod For $1.2 Bn IPO

India, April 25 -- Bengaluru-based food delivery giant Swiggy has secured approval from its shareholders for an initial public offering (IPO) worth INR 10,414.1 Cr ($1.2 Bn). The startup's IPO offer ... Read More


Exclusive: HealthPlix Axes 25% Workforce Due To Performance Issues, Role Redundancies

India, April 23 -- Bengaluru-based healthtech SaaS startup HealthPlix fired 100 employees, or 25% of its workforce, as part of a restructuring exercise and annual performance review. A spokesperson o... Read More


Exclusive: Smartworks Raises $4 Mn From Existing Backer Keppel Land

India, April 22 -- Coworking space provider Smartworks has raised nearly $4 Mn (about INR 33 Cr) from its existing backer, Singapore-based Keppel Land. As per the startup's regulatory filing, it issu... Read More


Neobanking Unicorn OPEN Spent INR 297 Cr To Clock INR 30 Cr Revenue In FY23

India, April 22 -- Neobanking unicorn OPEN's net loss declined 3% to INR 242.2 Cr in the financial year 2022-23 (FY23) from INR 249.3 Cr in the previous fiscal year. The Bengaluru-based fintech start... Read More