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Funding winter News

Indian startups

08 Dec 2023

India Tech Startups See Lowest Funding In 5 Years, Just 2 Unicorns In 2023

PhonePe, a leading payments company, stands out as the top-funded company in the sector, securing a total of $750 million in four Series D rounds which makes up for 38 per cent of the funding received by the sector. Perfios, Insurancedekho, and Kreditbee, are some of the other top-funded companies in the sector this year.

15 Oct 2023

Govt Exams-Focused EdTech Adda247 Cuts 250-300 Jobs Across Verticals: Report

Founded by Anil Nagar and Saurabh Bansal in 2016, Adda247 caters to the learning needs of millions of students from tier 2 and 3 cities. Meanwhile, edtech major Byju's has announced to lay off 4,000-5,000 employees in a “business restructuring exercise”.

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