Indian Startup News

Rohan Mirchandani, co-founder of Epigamia, died of a heart attack on December 20, Moneycontrol reported. He was in his early forties. Mirchandani launched Drums Food International—Epigamia’s parent company—in 2013 after studying at NYU Stern and Wharton School. He often cited a lecture in Mumbai, which highlighted the lack of innovation in India’s FMCG market, as the “eureka moment” that inspired him to start his own venture. Epigamia became popular in top cities as more consumers gravitated to its flavoured Greek yoghurt offerings. In December 2023, Mirchandani transitioned to the role of executive chairman, while co-founder Rahul Jain assumed the position of co-founder and CEO. #fmcg #brand #entrepreneur #founder #startup #indianstartupnews

Between December 16 and December 21, 2024, as many as 25 startups from diverse sectors raised $206.86 million in funding from investors. These sectors include Healthtech, AI, Finance, Fintech, Lending, SaaS, Quick Commerce, Fintech, and Gaming. Last week, Indian startups raised over $601 million in funding, with Rebel Foods raising $210 million alone. The period also saw strategic mergers and acquisitions. Nazara Technologies-owned NODWIN Gaming acquired eSports media platform AFK Gaming. #funding #bengaluru #startup #investors #indianstartupnews

Alakh Pandey-led edtech giant PhysicsWallah has turned into a public company, as it prepares for its initial public offering (IPO) next year. Earlier this month, the startup's board approved a resolution to change it into a public company by renaming it to PhysicsWallah Limited from PhysicsWallah Private Limited. Earlier in September this year, PW raised $210 million in a Series B round at a valuation of $2.8 billion. #physicswallah #pw #ipo #investors #edtech #unicorn #startup #indianstartupnews

AI-focused healthtech startup Confido Health has $3 million in a seed round led by Together Fund. The round also saw participation from MedMountain Ventures, Rebellion VC, DeVC, Operators Studio, and strategic healthcare operators. #ai #healthtech #healthcare #funding #investors #startup #indianstartupnews

Sundar Pichai-led Google has cut 10% of its managerial positions, including directors and vice presidents, as part of an ongoing restructuring effort aimed at increasing efficiency. The downsizing follows the tech giant’s initial round of cost-cutting measures last year, which affected more than 12,000 employees. According to media reports, CEO Sundar Pichai confirmed the decision, noting that some affected managers were reassigned to individual contributor roles, while other positions were removed entirely. This restructuring aligns with Pichai’s goal, set in 2022, to make Google 20% more efficient. #google #layoffs #leadership #president #technology #indianstartupnews

Delhi-NCR-based unicorns hired more employees than those in Bengaluru and other major Indian startup hubs between August 2023 and August 2024, according to a new report by private market intelligence platform PrivateCircle. Companies in the Delhi-NCR, such as PolicyBazaar, Blinkit, and Zomato, topped the list with 18,554 new hires during the 12-month period. In comparison, Bengaluru-based unicorns added just 2,384 employees. Read the full story here:👇 https://lnkd.in/dYf76TTB #delhincr #gurugram #bengaluru #startups #employees #hiring #unicorn #indianstartupnews

ZETWERK Manufacturing Businesses has secured nearly $90 million in a 2024 funding round led by key investors Rakesh Gangwal and Khosla Ventures, pushing its valuation to $3.1 billion. The round also saw the participation of new investor Baillie Gifford, as well as existing backers Greenoaks and Avenir Growth. Read the full story here:👇 https://lnkd.in/d8ZRQCFm #manufacturing #business #funding #investors #unicorn #startup #indianstartupnews

Zoomcar Holdings, Inc., India's leading car-sharing marketplace, has announced the launch of Zoomcar Cabs as a pilot in Bengaluru that provides commercial cars with professional drivers. Expanding beyond its self-drive offerings, the expansion into chauffeur-driven services marks Zoomcar’s commitment to diversifying its offerings and enhancing customer experiences. Read the full story here:👇 https://lnkd.in/d5Kiz-ed #zoomcar #cabs #traveling #ridehailing #karnataka #bengaluru #startup #indianstartupnews

Skydo, a Bengaluru-based cross-border payments platform, has received Payment Service Provider (PSP) approval from Amazon. This makes Skydo one of the first homegrown platforms to offer seamless international payments for lakhs of Indian exporters selling on Amazon global marketplaces. Read the full story here:👇 https://lnkd.in/dcbDd-MR #payments #exports #ecommerce #fintech #amazon #startup #bengaluru #company #indianstartupnews

The Competition Commission of India has approved UltraTech Cement Limited’s acquisition of India Cements Limited (ICL). Earlier in July this year, UltraTech Cement had announced the acquisition of a 32.72% stake in India Cements from promoters and their associates in a Rs 3,954 crore deal in a move to expand its footprint in the highly competitive and fast-growing southern cement market, particularly Tamil Nadu. Besides, it had also announced a Rs 3,142.35 crore open offer to acquire 26% share of ICL from its shareholders. Earlier this month, UltraTech Cement received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd. #cements #UltraTechCement #acquisition #construction #business #indianstartpnews