Photo: India Today
Once Growing Startup, WeWork Is Now On Verge Of Bankruptcy
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection. Notably, bets on companies using more of its office-sharing space soured. The move represents an admission by SoftBank, the Japanese technology group that owns about 60% of WeWork and has invested billions of dollars in its turnaround, that the company cannot survive unless it renegotiates its pricey… read-more
Tags: us company, Startup, business, WeWork, BANKRUPTCY
Courtesy: News 18
Photo: Pymnts.com
Google Announces $2 Billion In AI Startup
Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report. Google has already invested $500 million upfront to Anthropic—a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time, said a post released on October 27. The mega-deal adds to Google’s $550 million investment into Anthropic earlier in the year.
Tags: Google, Startup, AI Investment, Crypto, business
Courtesy: Coin Telegraph
Photo: Business Today
Bits Pilani Allows Year Off For Students Working On Startups
In a way to boost start-ups in India, Bits Pilani allowed their students in their final year to take a year off from college and work on ideas for startup companies. The new 'Innovation and Startup Policy 2022" is implemented in Bits Pilani will not only provide time off, but will also give credit scores and 2% grace in semester exams, if their business models get national/state level recognition.
Tags: BITS PILANI, Startup, students, Rajasthan Education, LinkedIn
Courtesy: The Hindu
Photo: Facebook
Faridabad Based Company Produces Paddy Stubble Into Packaging Material
In view of sustainable growth demand, Anand Bodh and Arpit Dhupar founded Dharaksha Ecosolutions in 2020. The Faridabad-based B2B startup converts paddy straw stubble into biodegradable packaging material. Getting into details about this start-up, Dhupar said, "We want to eliminate the sources of pollution and replace them with sustainable alternatives." The company owned by Arpit and Anand, is a venture aiming to contribute towards a… read-more
Tags: Faridabad, Startup, Sustainable Produce, Paddy, Packaging Material
Courtesy: Your Story
Photo: Amazon
Srikanth Founded Bbetter, Nutrition-Focused Startup, To Help People Manage Nutritional Deficiencies
Srikanth Ch was bedridden for two months due to disc-bulge, and started searching for natural supplements, he discovered most firms did not reveal lab-test results. In 2018, he decided to take action and co-founded "Bbetter" with his friends Varun and Rajesh Jampana. The nutrition-focused firm offers over 40 products that use metal-free herbs to assist individuals manage… read-more
Tags: Hyderabad, Nutraceutical, Startup, Bbetter, Health supplement
Courtesy: Your Story
Photo: First Post
Burger Singh Raises Investment Worth Rs 30 Crore In A-Funding
Burger Singh, an Indian burger chain store across India raised Rs 30 crore investment in round of A series funding. Kabir Jeet Singh, the CEO of Burger Singh confirmed the investment by Negen Capital, LetsVentures, Mumbai Angels, Old World Hospitality and singer Jasleen Royal. With this investment, the CEO plans to expand the venture, and open 120 more outlets by 2023. Currently, Burger Singh has 80 outlets, across India.
Tags: Burger Singh, Startup, Food Chain, Outlets, Investment
Courtesy: Business Insider
Photo: The Indian Express
Campus Fund Announces Rs 75 Crore Funding For Student Led Startups
Campus Fund announced to have raised Rs 75 crore investment, which will be used for student founders, aiming to provide funds for student-led startups. On July 8, the company announced its second funding, to enhance services and fulfi commitments to students for their startups. Funding over the last two years, Campus Fund invested in Digantara to HealthySure to Expand My Business, which is now working well in the startup industry.
Tags: Startup, Student Funding, Campus Fund, Investment, business
Courtesy: The Free Press Journal
Photo: The Times Of India
PhysicWallah Startup Becomes 101st Unicorn Of India, Raises $100 Million
An ed-tech platform for medical and engineering entrance exams, PhysicsWallah, is a new addition to the unicorn club in India. With $100 million (around ₹777 crore) investment from companies. PhysicsWallah in its Series A funding round entered the club and became India's 101st unicorn. It is also the first startup company with huge investment from marquee investors Westbridge and GSV Ventures, in the edtech sector.
Tags: PhysicWallah, Startup, Investment, Funds, India
Courtesy: Live Mint
Photo: Edexlive
Co-Curricular Learning Platform Homi Lab Raises Rs 5 Crore In Pre Series A Funding
Homi Lab, global co-curricular learning platform, has raised Rs 5 crore funds. The funding has been raised by startup investing platform Inflection Point Ventures (IPV). According to a press statement, the funds raised will be used for the development of the platform and content creation. Homi Lab is founded by Srijan Pal Singh, a renowned author and former advisor to the 11th president of India Dr APJ Abdul Kalam.
Tags: Homi Lab, Inflection Point Ventures, Startup, Fund Raising, Dr APJ Abdul Kalam
Courtesy: Hindustan Times
Photo: Facebook
Mumbai's Good Flippin' Burgers Attracts $1 Million Seed Funding
Mumbai's Good Flippin' Burgers brand attracted a round of funding worth $1 Million, on April 22. The seed funding for the burger company was from Kerala Blasters Football Club, IIFL Wealth & Asset Management, Wealth Management business, at IIFL Wealth & Asset Management. Other who participated in the funding round were Index Trader, Deen Dayal Investments, and people from the entertainment industry, taking the net worth to $1.1… read-more
Tags: Startup, Burger Joint, Good Flippin, Mumbai, Investment
Courtesy: Press Trust Of India
