india

Second Byju’s auditor exits in a year as financial turmoil deepens

Startups /

BDO, the auditor for Indian edtech startup Byju’s, has resigned with immediate effect, marking the second auditor departure for the embattling startup in about a year and further intensifying concerns about its financial health and governance. In a scathing resignation letter, BDO subsidiary MSKA highlighted multiple issues with Byju’s, including significant delays in financial reporting, […]

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Drip Capital, a fintech that provides working capital to SMBs, picks up $113M

Fintech /

For over two decades, Jay Chandarana relied on commercial banks to meet the day-to-day, working capital needs of his family business, the sesame seed exporter Dhaval Agri. It was an arrangement that basically worked: the company grew to have a 13% share of the country’s total exports, making it the largest sesame seed exporter in

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PharmEasy still 92% below its peak $5.6 billion valuation, investor estimates

Startups /

Indian online pharmacy startup PharmEasy, once valued at $5.6 billion, is still about 92% below its peak valuation, according to new estimates by its investor Janus Henderson. According to the British-American global asset firm, which disclosed how it values its shares in the Indian startup in a securities filing, PharmEasy’s implied valuation at the end

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BigEndian founders hope to use their deep chip experience to help establish India in semiconductors

Fundraising /

India, despite being home to 20% of the world’s chip designers, lacks a significant presence in the global semiconductor market. However, in recent months, the Indian government has begun investing in an effort to establish the country in semiconductors, as companies worldwide have adopted a “China-plus-one” strategy, seeking alternatives to China. BigEndian Semiconductors aims to

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Dailyhunt parent VerSe’s valuation gets slashed 42% to $2.9B: investor note

Startups /

Indian tech and media startup VerSe, which operates popular news aggregator Dailyhunt, is worth about 42% below its last private valuation, according to estimates by its investor 360 One.  The wealth and asset manager disclosed in a June update to its investors that it values VerSe at $2.9 billion, according to an internal document reviewed

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India’s Agrim snags $17.3M to help farmers get inputs like seeds and pesticides more easily

Commerce /

Agriculture in India provides livelihood support to over 42% of its population, contributing 18% to the country’s GDP, according to government data. However, the agri-input market, which provides inputs for the sector — be it seeds, pesticides, herbicides, or cultivation and harvesting tools — largely relies on traditional channels, including local offline marketplaces. The sector

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Durex India spilled customers’ private order data

Security /

Durex India, the Indian subsidiary of the British condom and personal lubricants brand, has exposed its customers’ personal information, including their full names and order details. Security researcher Sourajeet Majumder contacted TechCrunch this week about the issue of exposing sensitive customer data on the condom maker’s website. The brand’s website spilled customer names, phone numbers,

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Zepto, snagging $1 billion in 90 days, projects 150% annual growth

Commerce /

Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in the next 12 months, a remarkable figure suggesting the fast-growing quick commerce market in India is showing no signs of slowing down. Palicha shared these insights during a call organized by an

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