Start-up

Mega boost to Indian startup ecosystem; $7bn in H1 2024, domestic funding, demand set to drive growth

Indian startups received nearly $7 billion in funding in the first half of 2024, indicating potential for growth. This growth is driven by domestic funding and demand, similar to the success seen in Silicon Valley and China. The Indian FMCG sector's growth, driven by rural demand and government initiatives, serves as an example of the potential for domestic demand to drive growth in the startup sector. Jul 4, 2024
Key investors move NCLT against Byju's rights issue, firm says yet to get any petition

Byju's Cleared of Financial Fraud But Governance Lapses Found

In a significant development, the Indian government has concluded a year-long investigation into the financial operations of Byju's, the embattled edtech firm. The probe, led by the Ministry of Corporate Affairs (MCA), found no evidence of financial fraud or manipulation of accounts. Jun 26, 2024