Indian Alternative to TikTok, Trell Secures Rs 86 Crore With New Fund Backing

4 days, 23 hours ago

Start-up funding sees six per cent surge in funding at 11.3 billion dollars in 2024

BENGALURU: In 2024, the start-up ecosystem saw a marginal 6% increase in funding at $11.3 billion compared to $10.7 billion in 2023. However, this is a 56% decline compared to 2022 as start-ups raised a record $25.4 billion in funding in that year, said SaaS-based market intelligence platform Tracxn in its India Tech Annual Report 2024 on Thursday. According to …

Funding 2024 2023 Rounds Ipo Billion Compared

5 days, 23 hours ago

TikTok, Gen Z's financial adviser, can be "risky to rely on," experts say

Salon

On a given day, Andrea Fernandez will go through her TikTok feed, which usually consists of cute animal videos and fashion flips sprinkled with a bit of MoneyTok — videos that share financial tips and information. "TikTok can be a fun place for Gen Z to start learning about money, but it's risky to rely on it for real financial …

Gen Z Advice Financial Information Money Content North

1 week, 2 days ago

Refurbished tech mkt booms as gadgets get expensive

Hindustan Times

To brighten or clean up, as the Oxford English Dictionary defines “refurbish”, is an approach finding increasing relevance for tech purchases. “The refurbished technology market in India is witnessing an unprecedented boom,” says Mandeep Manocha, co-founder and CEO of Cashify, a platform which sells refurbished smartphones, tablets, laptops, smartwatches and gaming consoles. E-commerce platforms Amazon and Flipkart are sharpening focus …

India Products Smartphones Devices Product Computing Devices Refurbished Tech

1 week, 4 days ago

TikTok's Future in the US Is Unclear. We Check Back in With the Billionaire Who Wants to Save It

Wired

TikTok is officially on the chopping block, friends. Through his Project Liberty initiative, he has made what he’s called a “people’s bid,” bringing together a variety of investors and groups that share in his vision of a more open web. To achieve this, he’d apply Project Liberty’s Decentralized Social Networking Protocol, or DSNP, to TikTok. McCourt has had conversations with …

Tiktok Mccourt Project Liberty

1 week, 4 days ago

FirstClub, a quick commerce startup targeting 10% of Indians, raises $8 million: Report

Hindustan Times

A new variant of quick commerce is here in India, targeting the ones above a specific income group. Founded as a ‘members-only delivery startup’, FirstClub has raised $8 million in the latest round of funding, according to a MoneyControl report. Flipkart co-founder Binny Bansal, Myntra co-founder Mukesh Bansal, Groww’s Lalit Keshre and Curefoods’ Ankit Nagori, who are all former colleagues …

Quick Commerce Million R Firstclub

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise

Hindustan Times

Vodafone Idea’s board will reportedly meet on Monday, December 9, 2024 to consider raising up to ₹2,000 crore through equity shares or convertible securities on a preferential basis to clear its debts with Indus Towers. Vodafone Idea said it will use the remaining proceeds towards a new issue of equity shares after the board decides the terms of capital Paying …

Idea Vodafone Vodafone Idea Equity Shares

2 weeks, 4 days ago

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group

Live Mint

Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore via preferential equity issuance belonging to Vodafone Group, one of its promoters. “A meeting of the Board of Directors of the company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider a proposal for raising of funds not …

Crore Group Cent Stake Dec Idea Vodafone

2 weeks, 4 days ago

VC funding in start-ups rises to $6.53 bn, PEs invest $4.69 bn in January-November

New Indian Express

Meanwhile, private equity funding in start-ups stood at $4.69 billion in January-November 2024, compared to $4.59 billion in 2023 and $14.95 billion in 2022 during the same period. Zepto raised $665 million in June and in August, it raised $340 million, and these were the top two funding rounds in 2024 so far. Late-stage funding remains cautious, with constrained valuations.” …

Funding

2 weeks, 6 days ago

₹1.90 to ₹59: Penny stock turns into multibagger, rises 3,000% in 4 years

Live Mint

One Point One Solutions has witnessed a remarkable surge in its share price on Dalal Street, growing exponentially in a short span of time and establishing itself as one of the largest wealth creators in recent history. The company's stock, which was trading at just ₹1.91 four years ago, has skyrocketed by an astounding 3,000 per cent to its current …

Company Crore Cent

2 weeks, 6 days ago

Public procurements may come with startup quotas

Live Mint

Top central ministries are discussing a proposal that may mandate public sector units to purchase 10% of their requirements from startups, two people aware of the development said. Some of India's ongoing efforts to encourage startups sector include the Startup India seed fund initiative and Atal Innovation Mission. This initiative not only provides a platform for startups to showcase innovative …

India Startup Startups

3 weeks, 4 days ago

Stellaris Venture launches its largest ever $300 million fund

Live Mint

Bengaluru: Stellaris Venture Partners, which has backed companies such as personal care brand Mamaearth and SaaS startup Whatfix, announced the launch of its largest ever fund with a corpus of $300 million on Thursday. “With this new fund, we’re excited to back founders using technology to solve deep problems in large markets," said Rahul Chowdhri, partner at Stellaris. With this …

India Fund Million Partner Stellaris Venture Launches Stellaris Venture

1 month ago

Zepto Secures $350-Mn Funding To Bolster Domestic Stake Before India IPO

ABP News

Zepto, the rapid delivery start-up, has retained its $5 billion valuation in its latest funding round, attracting notable investors such as Motilal Oswal’s Raamdeo Agrawal, the Taparia Family Office, Mankind Pharma Family Office, RP Sanjiv Goenka Group, Claypond Capital, and the Cello Family Office. Additionally, the round saw participation from other prominent players, including the Haldiram Snacks Family Office, Sekhsaria …

Family Office Billion Ipo Zepto

1 month ago

IIT-B incubator to start ₹100 crore VC fund

Hindustan Times

Mumbai: The Society for Innovation and Entrepreneurship, the business incubator at Indian Institute of Technology Bombay, is planning to start a ₹100-crore venture capital fund focused on deep-tech startups in critical areas like science, biotechnology, space and defense. IIT-B incubator to start ₹ 100 crore VC fund The ambitious expansion plan builds on SINE’s two-decade long track record in nurturing …

India Startups Fund Start Iit Bombay Incubator

1 month ago

China's ByteDance values itself at $300 bn despite a looming threat to its business, what's the maths

Firstpost

Despite facing the threat of a possible ban in the US, TikTok’s Chinese parent company ByteDance has set its valuation at $300 billion, the highest seen to date, but what’s the reason behind it? ByteDance, the Chinese parent company of TikTok, has set its valuation at $300 billion, one of the highest ever till date. ByteDance facing threat of ban …

Chinese Billion Tiktok Ban Bytedance

1 month ago

Geniemode eyes ₹500 cr fundraise from new and existing investors

Live Mint

Bengaluru/Mumbai: Tiger Global-backed Geniemode is looking to raise about ₹500 crore from new and existing investors in a mix of primary and secondary transactions, three people familiar with the matter told Mint. “The round is expected to happen at a higher valuation of $350 million and new investors, including private equity firm Multiples and Nandan Nilekani’s venture capital firm Fundamentum, …

Investors Geniemode

1 month ago

TikTok parent ByteDance's valuation hits $300 billion: Report

Deccan Chronicle

TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. This is the third buy back program for investors from Bytedance, which has been conducting share buybacks since 2022. ByteDance had been planning to carry …

Tiktok Bytedance Valuation Hits 300 Valuation Hits Hits 300

1 month ago

TikTok parent ByteDance's valuation hits $300 billion: Report

Hindustan Times

TikTok's parent company ByteDance is valuing itself at about $300 billion, after it recently approached investors about a share buyback program, according to two people familiar with the matter and a document viewed by Reuters. Buy TikTok Followers: 5 Best Sites For Real Growth ByteDance reached out to investors in recent weeks, offering a price of $180.70 per share, the …

Tiktok Buy Bytedance

1 month, 1 week ago

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call

Live Mint

Following better-than-expected September quarter results, global brokerage firm Nomura India has reaffirmed its 'Buy' rating on Vodafone Idea, setting a target price of ₹14. Q2 Earnings Performance Vodafone Idea's financials for the September quarter showed a narrowing of losses to ₹7,175 crore from ₹8,746 crore in the same period the previous year. Investment Rationale and Strategic Outlook Nomura India outlined …

Company Crore Quarter Idea Tariff Subscriber Vodafone Idea

1 month, 1 week ago

14 Best Sites to Buy TikTok Followers to Boost Your Profile

Hindustan Times

“Best” sites to buy followers? Fake vs. Real TikTok Followers The purpose of buying followers, as we’ll discuss in detail shortly, is to convince the TikTok algorithms that your account is growing in popularity. Twicsy first became known more than a dozen years ago as the world’s best provider of Instagram followers, and when Americans and Europeans were allowed to …

Growth Fans Services Content Real Tiktok Best

1 month, 2 weeks ago

Trent Q2 Results: Profit grows 47% YoY to ₹355 crore, revenue rises 39%

Live Mint

Trent Q2 Results: Trent Ltd, a Tata Group company, posted a 46.9 per cent year-on-year growth in consolidated net profit for the September quarter to ₹355.06 crore on Thursday, November 7. On a standalone basis, Trent's revenue jumped 39 per cent YoY to ₹4,035.56 crore while the net profit rose 46.18 per cent YoY to ₹423.44 crore. In an otherwise …

Yoy Store Trent Crore Revenue Zudio

1 month, 2 weeks ago

Indian Startups Secure Record Funding in October, But Funding Slumps

Deccan Chronicle

Indian startups attracted funding of Rs 1.2 billion in October, indicating a rebound from the funding winter. However, funding was subdued both on a year-on-year and sequential basis. Fintech, e-commerce, and education startups led the funding activity, with Bengaluru and Mumbai-based startups playing a significant role.

Tech Startup Funding Tech Startups Funding Trends Chennai

1 month, 2 weeks ago

Moneycontrol Soars to 100 Million Visitors, solidifying Position as India's Leading Financial News Platform

Firstpost

Moneycontrol, India's leading digital platform, has achieved a significant milestone by surpassing 100 million visitors in October 2024. The platform, known for its data analysis, business and market news, has gained immense popularity among investors, solidifying its position as a trusted and essential resource for financial news and market insights.

Business Law Technology Finance

1 month, 3 weeks ago

TCS secures 15-year contract from Irish government

New Indian Express

BENGALURU: Tata Consultancy Services has secured a 15-year contract with Ireland’s Department of Social Protection to implement and support the country’s new Auto Enrolment Retirement Savings Scheme, known as the My Future Fund. This project follows the passing of the Automatic Enrolment Retirement Savings System Bill in Ireland earlier this year and the conclusion of a rigorous tender process by …

Ireland Tcs

1 month, 3 weeks ago

Swiggy's Early Backers Set to Reap Multifold Gains in IPO

Live Mint

Early backers of Swiggy are set to reap significant gains on their investments as the food delivery and quick-commerce platform goes public in early November. The price band for Swiggy has been fixed in the range of ₹371-390 per equity share with a face value of ₹1. The company plans to use the bulk of the proceeds (about ₹1,178.7 crore) …

Entertainment Business Law Technology Bengaluru

2 months ago

PhonePe's Customer Support Staff Reduction: A Strategic Move Towards AI-Driven Solutions

ABP News

PhonePe's customer support team has been reduced by 60% over the past five years, reflecting its strategic shift towards AI-driven solutions. Despite the cost cuts, the company reported improvements in customer satisfaction and a consistent rise in its Net Promoter Score (NPS). PhonePe claims to have generated over 22,000 jobs across India, with over 1,500 top engineers developing advanced solutions …

Law Technology Economy AI

2 months ago

Tejas Networks Soars 20% to 3-Month High on Stellar Q2 Numbers

Live Mint

Tejas Networks' stock surged 20% in early morning trade on Monday after reporting impressive Q2FY25 numbers. The company reported a six-times jump in consolidated revenue from operations at ₹2,811 crore in Q2FY25 compared to ₹396 crore during the same period last year. It also posted a profit after tax (PAT) of ₹275 crore, a significant turnaround from a net loss …

Business Law Technology Telecommunications

3 months, 3 weeks ago

LG Electronics weighs India IPO to chase $75 billion goal

Hindustan Times

LG Electronics Inc. is considering an initial public offering for its India business, tapping a booming stock market to help hit a target of $75 billion in electronics revenue by 2030. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Chief Executive Officer William Cho said an Indian market debut is one of several options it’s weighing to revitalize a decades-old consumer electronics business. In …

Business India Indian Billion Korea Ipo Cho

3 months, 3 weeks ago

Telegram-linked Crypto token sheds $2.7 billion after CEO Pavel Durov’s arrest

Live Mint

Toncoin, a cryptocurrency linked to Telegram Messenger LLP, lost about $2.7 billion in market value on Monday after the French police arrested the messaging app's co-founder, Pavel Durov, at an airport near Paris on Saturday evening. Despite the 10th largest crypto asset trading at $5.69 as of 10:36 am Monday in Singapore, it remains down 16%, a drop traced to …

Crypto Bloomberg Arrest Ton Durov Pavel Durov Telegram Ceo

4 months, 3 weeks ago

Sterlite Technologies Q1 results : loss at ₹48Cr, Revenue decreased by 19.97% YoY

Live Mint

Sterlite Technologies Q1 Results Live : Sterlite Technologies declared their Q1 results on 30 Jul, 2024. It is noteworthy that Sterlite Technologies had declared a profit of ₹54cr in the previous fiscal year during the same period. Sterlite Technologies has delivered 2.7% return in the last 1 week, 3.69% return in the last 6 months, and 1.8% YTD return. Sterlite …

Technologies Sterlite Sterlite Technologies Jul Total Operating

4 months, 3 weeks ago

Space-tech start-ups raise $10.8 million funding in January-July period of 2024

New Indian Express

BENGALURU: After witnessing a record funding of $126 million in 2023, space tech start-ups in the country have seen $10.8 million funding so far in 2024. India, which is home to more than 100 space tech start-ups, has not yet seen any late-stage funding in the last two to three years. Bengaluru-based start-ups have contributed to over 55% of the …

Space Bengaluru Tech Funding Million Raise

4 months, 3 weeks ago

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023

India Today

India’s space tech sector is set for significant growth, driven by substantial government investment and strategic initiatives. According to Tracxn’s Space Tech Geo Report 2024, India’s growing Space Tech sector witnessed record-breaking funding of $126 million in 2023, a 7% increase from the $118 million raised in 2022 and a 235% increase from $37.6 million in 2021. Despite a global …

India Space Tech Funding Million Sector Space Tech

5 months, 1 week ago

TCS Q1 results: Net profit grows 8.7% to ₹12,040 crore

The Hindu

Tata Consultancy Services Ltd reported consolidated first quarter net profit grew 8.7% year on year to ₹12,040 crore despite degrowth in several business YoY. Commenting on the results K Krithivasan, Chief Executive Officer and Managing Director, TCS said: “I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets.” “We are …

Quarter Yoy Net Grew Tcs Net Profit Constant Currency

6 months ago

Indian Tech Startups Raise $4.1 Billion In First Half Of 2024, Secure 4th Place Globally: Study

ABP News

Indian tech start-ups secured $4.1 billion in funding in the first half of 2024, a 4 per cent increase from $3.96 billion in the second half of 2023. According to Tracxn, a market intelligence platform, India ranks as the fourth-highest funded country globally in the tech startup landscape, with the US, UK, and China leading in overall funding volumes. Seed-stage …

India Tech Funding Million Half First Half

6 months, 2 weeks ago

Walmart Exec Says PhonePe, Flipkart IPOs Could Take A While, Payments Portal To Be Placed On Offer First: Report

ABP News

E-commerce platform, Flipkart, and digital payments portal, PhonePe, could reportedly take some years to come out with their maiden public offerings, a senior executive at Walmart said recently. Speaking at the shareholder meeting of the firm nears its headquarters in Arkansas on Thursday, Dan Bartlett, Executive Vice President for Corporate Affairs, Walmart, noted that the initial public offerings of both …

India Walmart Flipkart Phonepe

6 months, 4 weeks ago

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

Business Standard

A 'likely' relief on the government dues front for Vodafone Idea and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report. "Assuming AGR dues are completely waived off, our DCF value could increase to Rs 24 per share, versus Rs 12 when there is no waiver. …

Share Ubs Vodafone Idea Agr Vil

7 months ago

TikTok's 10 biggest stars - and the millions they could lose

Daily Mail

As the Biden administration considers a ban on TikTok, the livelihoods of top creators who have made up to $10 million from viral videos hang in the balance. #3 MrBeast - 94.6 M followers Jimmy ‘MrBeast’ Donaldson, a 25-year-old from Wichita, Kansas, has amassed nearly 100 million followers on TikTok, 232 million subscribers Jimmy ‘MrBeast’ Donaldson is among the rising …

Social Video Navy Fame Los Angeles Biden Chinese

7 months ago

RTP Global’s 2024 plan offers another hint of a thaw in startup funding winter

Live Mint

Bengaluru: Global venture-capital firm RTP Global, which has backed Indian startups such as Cred, Rebel Foods, Mobile Premier League and Dehaat, expects to increase the pace of its early-stage investments this year, its Asia partner Nishit Garg told Mint in an interview. Since the start of the year there have been 122 early-stage deals – including series A and series …

Global India Startup Startups Funding Companies Quick Commerce

7 months, 2 weeks ago

Tech Data Capital to launch in Singapore, India and Australia

Deccan Chronicle

Tech Data, a TD SYNNEX Company, is launching Tech Data Capital in Singapore, Australia, and India, offering flexible financing solutions powered by selected financial institutions exclusively to its partners and end-customers. With Tech Data Capital’s value-added payment solutions that are powered by selected financial institutions, IT channel partners and their clients have new ways of extending their overall purchasing power, …

Business India Singapore Financial Tech Data Capital

7 months, 3 weeks ago

Universal Music Group reaches new licensing agreement with TikTok

Hindustan Times

By Dawn Chmielewski and David Shepardson HT Image May 2 - Universal Music Group and TikTok said on Thursday that they had reached a new licensing agreement that will restore the label's songs and artists to the social media platform. TikTok began removing Universal's content from its app after their licensing deal expired in January and the two sides failed …

Music Universal Tiktok Ai Universal Music Midia

7 months, 3 weeks ago

TikTok’s last dance? The lobbying showdown over the app’s future in the U.S. continues

Raw Story

This article originally appeared in OpenSecrets. Meta, the parent company of Facebook and one of TikTok’s top competitors, also set a new record in the first quarter of 2024 with federal lobbying spending totaling $7.6 million. While the megadonor supported other candidates over Trump in the Republican presidential primary, the New York Times reported that Yass is now investing in …

Dance China Congress Trump Legislation Lobbying Company

7 months, 4 weeks ago

What is TikTok worth? Anywhere between $20 billion to over $100 billion

Hindustan Times

US president Joe Biden signed the legislation after US Congress approved the bill to sell Tiktok’s US operations in recent days. A measure set to force TikTok's parent company to sell the video-sharing platform or face a ban in the US received president Joe Biden's official sign-off. People familiar with the subject claimed as per Wall Street Journal that executives …

Tiktok Bytedance 20 Billion

7 months, 4 weeks ago

U.S. President Biden signs bill that will see TikTok sold or banned next year

The Hindu

U.S. President Joe Biden on Wednesday signed a bill forcing TikTok’s Chinese parent ByteDance to divest ownership of the app or see it banned in the next nine months, extendable by another three months if needed. Last year, several U.S. states began banning TikTok in government employees’ work devices, though sweeping bans on private usage were not successful in court. …

Tiktok Reported

7 months, 4 weeks ago

A US TikTok ban could take a bite out of small businesses

BBC

A US TikTok ban could take a bite out of small businesses Without the popular social media platform, some creators and small enterprises across the globe could see their revenue plummet. Courtesy of Shira Full-time content creator Shira describes the potenital TikTok ban as "devastating" Ileana Justine, 30, a creator with a following of nearly 200,000 on TikTok at @ileanajustine, …

Small Business Small Businesses Content Platform Businesses Creators Bytedance

7 months, 4 weeks ago

Questions swirl over the future of TikTok. Who could own it? How will the platform operate?

LA Times

TikTok on Wednesday faced a formidable threat to its business, with a new law signed by President Biden that could dramatically change the way the popular video app operates. The new law would require ByteDance, a tech company founded in China in 2012, to sell TikTok or the app will be banned in the U.S. Business The Biden administration’s threat …

Social Video Trump Microsoft Company App Platform

8 months ago

TikTok star urges US to force sale after witnessing 'terrifying' algorithm amid Israel-Palestine war

Hindustan Times

Imagine speaking out against the platform that enables you to earn a living. This comes on the heels of White House representatives passing a bill that could lead to a permanent TikTok ban in America. White House passes the bill, threatens to ban TikTok The world’s most popular musical video service, which has been accused of spreading ‘Hamas hate speech …

White House App House Platform Chinese Tiktok Bill

8 months ago

India plans to curb Google, PhonePe’s dominance in mobile payments: Report

The Hindu

India’s governing body overseeing the country’s Unified Payments Interface mobile payments system is set to engage with fintech startups to develop a strategy to address the growing market dominance of companies including PhonePe and Google pay in the UPI ecosystem. The National Payments Corporation of India plans to meet executives from companies including CRED, Flipkart, Fampay, and Amazon to discuss …

India Payments Google Upi Transactions Phonepe Upi Players

8 months, 1 week ago

TCS headcount dropped by over 13,000 in the previous fiscal: Report

Hindustan Times

Information technology giant Tata Consultancy Services has reported a slump in its headcount for the third consecutive quarter, a first in 19 years. In fiscal 2022, TCS had added 103,546 employees, while the number stood at 40,185 employees in FY21 As per the report, TCS headcount dropped by over 13,249 for the financial year, and on a sequential basis, the …

Company Report Cent Growth Tcs Financial Year

8 months, 1 week ago

Win themes: Artificial intelligence and cloud contracts power TCS profits

Hindustan Times

TCS 4th quarterly results have been announced and it has beaten analysts’ expectations. The TCS statement today revealed the entire laundry list, saying “Win themes across key deals involved Cloud Migration and Modernization, GenAI, Enterprise application services, Identity & Access Management, Connected Devices, Digital Workplace Services, Network Services and Vendor Consolidation.” The statement also added, “AI.Cloud, Enterprise Solutions, IOT&DE and …

Crore Cent Quarter Tcs

8 months, 2 weeks ago

Paytm's UPI market share drops to 9%, reaches lowest in four years. Is PhonePe gaining?

Hindustan Times

One97 Communications Ltd, parent company of Paytm, witnessed a drop of nine percent in its Unified Payments Interface market share in March. Paytm's market share in February dropped to 11 per cent from January after the Reserve Bank of India barred Paytm Payments Bank Limited 's business operations. Since April 2020 when NPCI started sharing UPI apps transaction volume, this …

Market Bank Cent Paytm Upi Phonepe Share Drop

8 months, 3 weeks ago

Fintech startup funding up by 48% in Q1 2024; raising $429 million between January-March 15: Report

Live Mint

Funding winter in India's tech startup ecosystem persisted between January- March 15 this year, with only $1.6 billion injected--a 51% decline, according to Tracxn report. The tech startups received $3.2 billion of funding in the same period last year. Only two tech startups received $100 million of funding in the past three months of the current calendar year-Perfios and Shadowfax. …

Tech Startup Startups Funding Fintech 429 Million

Indian Alternative to TikTok, Trell Secures Rs 86 Crore With New Fund Backing

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