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95% of Bengaluru unicorns report losses in FY24, despite high valuations

Bengaluru is home to more than 40 unicorns valued at over $1 billion. (Representative Image: Annie Spratt via Unsplash)

Only seven Bengaluru-based unicorns were profitable in FY24 (Zerodha, Postman, Moneyview, Perfios, Zeta India, Razorpay, and Groww), registering a PAT of Rs 6,209.6 crore

Startups allocate 68% of revenue to employee compensation: Report

Early-stage start-ups favor commission-based incentives, while late-stage companies integrate performance-linked incentive plans

The growth-stage startups in the country allocate an average of 68 percent of their revenue to employee compensation, comprising cash, according to a report by scaling platform xto10x. Neeraj Aggarwal, Co-founder and Chief Operating Officer at xto10x, said that compensation and payroll spending are among the two significant things to get right for start-ups, apart… Continue reading Startups allocate 68% of revenue to employee compensation: Report

NCLAT turns down Byju’s appeal to exempt Rs 158 crore settlement from lenders’ review

On 29th January, the NCLT had ordered disciplinary action against Pankaj Srivastava, the Resolution Professional (RP) overseeing Byju’s insolvency proceedings.

On 10 February, the Bengaluru bench of the National Company Law Tribunal (NCLT) directed BCCI to submit the Rs 158 crore settlement plea before the committee of lenders

Top startups raise big bucks in 2024: From Zepto to Meesho, new-age firms see rise in funding

Indian startups raise $16.77 billion in VC funding in 2024. (Photo source: Unsplash)

Zepto was the funding leader in 2024, raising more than $1 billion in three rounds by institutional investors such as avra, Glade Brook Capital, General Catalyst, Epiq Capital Advisors, according Tracxn data.

Talent drain hits India’s unicorn startups, attrition rate reaches 4.5%: Report

Between January and August 2024, a total of 253,516 employees departed from unicorn startups. (Image: Unsplash)

More than 39,000 employees left unicorn companies in September 2023, the highest between August 2023 and 2024. This could be a result of layoffs or employees quitting their jobs.

Spring Capital invests in Agilitas, will help develop brand and launch strategies

In April of this year, Agilitas Sports acquired the India license for the Italian shoe brand Lotto for 40 years, at an undisclosed price.

In December 2023, Agilitas Sports received Rs 100 crore in funding from Nexus Venture Partners, a venture capital firm that partners with entrepreneurs building product-focused companies in India and the US.

Bengaluru intern quits after securing funding for his own AI startup

The incident was shared by Karthik Sridharan, CEO of Flexiple, on the social media platform X. (Image source: X)

An unexpected career twist for a Bengaluru intern goes viral as he informs his CEO he’s leaving – the reason: his own startup’s success.

Sachin Tendulkar to launch sports athleisure brand in India

Filings show Tendulkar and Whiteboard Capital are currently on the board of directors of the holding firm named SRT10 Athleisure Pvt Ltd.

Filings show Tendulkar and Whiteboard Capital are currently on the board of directors of the holding firm named SRT10 Athleisure Pvt Ltd.

Nearly 80% of Indian startups investing in AI, other advanced technologies: Report

AI-driven YouTube video campaigns achieved a 17% higher ROAS compared to manually optimized campaigns, improving audience engagement and targeting.

Almost 80% of the startups believe that adopting enterprise applications integrated with new-age technologies such as AI is essential for scaling and improving unit economics

Sports For All appoints Kumar Darpan as its first Chief Revenue Officer

Darpan will be the first CRO of the SFA

Kumar Darpan has nearly two decades of expertise in media and entertainment across diverse regions specialising in monetising TV and OTT platforms