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Private funding falls by nearly half for Israeli startups, report says
Economic Times
·
1y ago
Medial
According to a report by Startup Nation Central, annual funding for the Israeli tech industry is expected to have fallen by nearly half in 2023 due to a planned judicial reform and the war with Hamas in Gaza. Private funding is expected to have reached nearly $10 billion, down from the $19 billion it received in 2022. However, investor appetite remains strong, and 88% of multinational corporations plan to either sustain or increase their presence in Israel.
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GenAI startups biggest driver of unicorns, says VC firm Accel
Economic Times
·
1y ago
Medial
According to venture capital firm Accel, generative artificial intelligence (GenAI) companies have become the major driver of unicorns (startups reaching a $1 billion valuation). The report reveals that 60% of new unicorns are falling into this category. While European and Israeli GenAI startups received close to $1 billion in funding in the last 12 months, U.S. startups received over $14 billion, partly due to a $10 billion funding to OpenAI alone. The report suggests that specialized AI applications in cybersecurity, healthcare, construction, and legal will gain traction in the future.
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Investment in Indian startups in H1 2023 lowest in last four years: PwC India
Economic Times
·
2y ago
Medial
Funding in Indian startups fell by 36 per cent in January-June to USD 3.8 billion, the lowest half-yearly number in the last four years, as investors are taking longer time in due diligence of every aspect of business, according to a PwC India Report. Early-stage deals accounted for 57 per cent of the total funding in the first half of 2023 (H1 CY23) in volume terms, said the report titled, "Startup Perspectives - H1 CY23".
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Startups expect fundraising prospects to improve in coming months: report
Economic Times
·
1y ago
Medial
According to a survey by Elevation Capital, nearly half of the startup founders surveyed in India expect the funding freeze to thaw in the coming months, allowing them to extend their runways. The report also highlighted profitability as a major focus area, with 18% of founders already reporting profitability and 58% aiming to attain profitability in the future. Startups have been implementing cost-cutting measures and streamlining operations in order to achieve sustainable profitability.
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Nearly half of MSMEs polled prefer UPI for business transactions, says report - The Economic Times
Economic Times
·
2m ago
Medial
The MSME Digital Index Report by PayNearby reveals that nearly half of micro, small, and medium enterprises (MSMEs) prefer UPI for business transactions, with Aadhaar-enabled banking being the second choice. Among women entrepreneurs, Aadhaar banking is even more favored. The report, based on a survey of 10,000 individuals and MSMEs, highlights increased digital adoption, improved operational efficiency, and rising use of smartphones as primary business tools, showcasing MSMEs' modernization efforts.
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Spring Time For Startups? Investors See End Of Funding Winter In H2 2024
Inc42
·
1y ago
Medial
Over 90% of startup investors surveyed predict that 2024 will be a turning point for Indian startups. The venture capitalist ecosystem in the country has more than $20 billion available for investments. In the first half of 2024, Indian startups received a total of $5.3 billion in funding, according to a report by Inc42.
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Israeli startups raised $1.5 billion in Q4, $7 billion in 2023
Economic Times
·
1y ago
Medial
Israeli high-tech firms raised $1.5 billion in Q4 2023, despite the country's war with Hamas. The Israel Venture Capital (IVC) Research Center reported a 15% decline in fundraising compared to Q3, but highlighted 75 deals during the period. Early-stage funding reached $220 million in 31 rounds. The presence of foreign investors in Q4 indicates the availability of funds for investments. Overall, Israeli startups raised about $7 billion in 2023. The high-tech industry accounts for 12% of employment, over half of exports, and a significant portion of the country's economy.
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Startups’ pink slip count falls to 10,000 amid funding blues
Economic Times
·
1y ago
Medial
Startups in India have laid off approximately 10,000 employees in 2024, as funding remains constrained and companies prioritize improving their bottom lines. This is an improvement compared to the previous year, with 15,000 employees laid off in the last six months of 2023 and 21,000 in the first half of 2023. Despite the slowdown, startups are still facing challenges, with companies like Swiggy, Ola, Flipkart, and Paytm reducing their workforce. Layoffs are also being conducted more quietly and gradually through "silent layoffs." The second half of 2024 is expected to see around 5,000 more layoffs.
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Investments in private markets, firms fetch better returns than public markets: report
Economic Times
·
1y ago
Medial
According to a report by CRISIL and Oister Global, investments in private markets and startups in India have delivered higher returns compared to public markets. The report reveals that alternate investment funds (AIFs) investing in private markets generated an alpha of 13.5% over the S&P BSE Sensex. This comes at a time when Indian technology startups saw a decline in funding, with only $7 billion raised in equity funding in 2023. However, experts believe that investments in private technology companies are expected to grow to $600 billion in the next five years.
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OYO says it added 2,800 new corporate clients in January-July 2023
Economic Times
·
1y ago
Medial
According to a report by Oyo titled 'Oyo Business Travel Trends Report 2023', the hospitality tech platform added nearly 2,800 corporate clients between January and July 2023, marking an 11.75% YoY increase. The report also indicates that Hyderabad is the leading city in terms of corporate clients, followed by Gurugram, Delhi, Bengaluru, Mumbai, Kolkata, and Pune. The growth is attributed to a strong demand from startups, film production houses, travel management companies, small and medium-scale enterprises, and traditional business houses and conglomerates.
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Ecommerce startup funding tanks 32% in 2023, D2C leads the show
Inc42
·
1y ago
Medial
According to Inc42's Indian Startup Funding Report 2023, Indian ecommerce startups raised $2.6 billion in funding during the year, which is down 32% from the previous year. The funding decline was accompanied by a decrease in the number of deals, with the deal count dropping by 33.6%. However, despite this decline, ecommerce remained the top-funded sector in terms of the number of deals. Direct-to-consumer (D2C) brands played a significant role in the funding landscape, securing over half of the total ecommerce funding. Seed and growth stage startups were the most impacted, experiencing significant declines in funding. The report also highlighted the prospects of the D2C market and the success of D2C brands in India.
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