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#Exclusive: Conducting its third restructuring exercise in about 16 months, virtual event startup Airmeet laid off around 80% of its tech team last month👇🏻 The Prosus-backed startup also fired some employees from its product and design teams as part of the restructuring exercise. Overall, around 30 employees, or 20% of Airmeet’s workforce, were laid off. The layoffs were a part of a cost-cutting exercise as the startup has continued to struggle to increase its revenue in the post-pandemic world, one of the sources said, adding that the number of employees impacted by the latest restructuring could be higher. #layoffs #startup

Home loans in the affordable housing space often turn out to be inaccessible and unaffordable due to the limited operational framework of Indian lenders 👇 Despite government initiatives, people often need help to get maximum benefits in terms of tailored schemes, eligibility criteria, competitive interest rates, and suitable loan-to-value ratio. According to Atul Monga, founder and CEO of BASIC Home Loan, there are several reasons why people don’t get the best deal when raising a loan for affordable housing, especially in Tier II and III cities or beyond.  Fintech startup BASIC Home Loan has developed a proprietary tech stack for lender-borrower match and fast, error-free application. The digital home loan platform also trains a vast network of direct-selling agents in-house to combine digital efficiencies with in-person assistance. Read how BASIC Home Loan is revolutionising affordable housing by helping 2.25 lakh+ customers👇 #homeloans #fintech #startup

Let’s take a look at 19 OTT players shaping the Indian streaming landscape👇 The OTT streaming market in India reached an all-time high in 2023 – with about 707 Mn internet users having been actively engaged in OTT audio and video services, as per ‘Internet in India Report 2023’. Here are some key highlights: 🔸 Global giants such as Netflix, Amazon and Disney+ Hotstar aggressively poached users with expansive content libraries, discounted pricing (in some cases 70-90% lower than their US plans), and bundled plans in partnerships with telecom operators. 🔸 On the other hand, homegrown platforms like ZEE5, TVF Play and STAGE tapped into the growing demand for vernacular content that catered to India across the board. 🔸 Later on, the entry of JioCinema disrupted the ecosystem to such an extent that Disney+ Hotstar had to set in motion its $8.5 Bn merger with the Reliance-backed streaming platform. And this dogfight in the Indian streaming market is not without reason. As per reports, the Indian subscription video on demand (SVOD) market in India is projected to grow at a compounded annual growth rate (CAGR) of 11.1% to become a $2.77 Bn opportunity by 2027. What are your thoughts on this? #India #OTT

MoneyX is all set to go on floors in just 3 weeks to recreate the magic of hosting India’s largest invite-only conclave where 300+ leading VC & PE Firms, LPs, Family Offices, Institutional Investors & Angel Investors will converge to discuss the future of startup investments !Be part of this exclusive conclave and decode the future of startup investments. To address the key gaps and foster imperative discussions, we are hosting MoneyX – India’s Largest Angel & VC Conclave. 

The Zomato & Paytm Insider deal is definitely one of the most high profile #acquisitions in India. But many industry analysts are questioning the INR 2,048 Cr #deal size. Here’s why👇  ➡️ The transaction size of 2,048 Cr is 6 to 7 times the revenue that Paytm Insider reported in FY24.  ➡️ Multiple analysts and those in the events industry believe that Zomato’s valuation is overpriced by as much as 60%.  ➡️ As per industry benchmarks and Paytm Insider’s #revenue trajectory, the price should have been in the INR 700 Cr-INR 800 Cr range, given the FY24 revenue of INR 297 Cr and EBITDA of INR 29 Cr. So, did #Zomato overpay for the #Paytm Insider deal? Well, Zomato and its CEO Deepinder Goyal have been in this situation before – and had to answer a similar question 2 years ago with #Blinkit. Fast forward to today, Blinkit’s valuation is estimated to be close to INR 1 Lakh Cr and the quick commerce app has the largest presence in India with over 630 dark stores around the country, and a major presence in key metros! But the factors that worked for quick commerce cannot be applied to movie and events ticketing. Can Goyal pull this off again? Find out more in our in-depth article: https://lnkd.in/gc47f5yQ #Zomato #Paytm #business

Listed logistics major Delhivery has expanded its employee stock option plan (ESOP) pool by allocating 63,538 stock options to the eligible employees 👇 “We wish to inform that the Nomination and Remuneration Committee (“NRC”) of the Board of Directors of the Company has approved the grant of 63,538 stock options under Delhivery Employees Stock Option Plan 2012 (“ESOP‐2012”) to the eligible employees of the Company on Monday, September 02, 2024,” Delhivery said in its regulatory filing. As per Delhivery’s last closing price today (September 4), these stock options are valued at over INR 2.6 Cr. To read more in detail, click here: https://lnkd.in/gKngV-cb #news #esops #stocks

Mumbai-based lendingtech startup SarvaGram is in discussions to raise a fresh funding of around $50 Mn from both new and existing investors👇 The startup is expected to be valued between $170 Mn and $200 Mn, nearly doubling its valuation since its last funding round in January 2023. Venture capital firms Peak XV, Apis Partners and Beams Fintech Fund, along with global impact investor Creation Investments Capital Management LLC, are likely to lead the $50 Mn funding round, which is expected to include a combination of primary and secondary transactions. Founded in 2018 by banking veterans Utpal Isser and SAMEER MISHRA, the Mumbai-based lendingtech startup offers credit to underserved people living in rural and semi-urban areas. It mainly provides credit to small businesses, farmers, households and individuals. 🔗 To read more in detail, click here: https://lnkd.in/g2kKEW8V #news #startup #funding

Azim Premji’s fund Premji Invest seems to be betting big on artificial intelligence (AI) companies. It is reportedly in talks to invest $10 Mn – $15 Mn in San Francisco-based AI startup 🔭 Galileo 👇 The investment will be a part of Galileo’s Series B funding round. Founded in 2021 by Atindriyo Sanyal, Vikram Chatterji, and Yash Sheth, Galileo develops data intelligence tools for unstructured data machine learning (ML) practitioners. It enables data scientists and engineers to make their machine-learning models more accurate. 🔗 To read more in detail, click here: https://lnkd.in/gjvDUEqC #news #AI #investment

To transform personal hygiene practices for special requirements, Puneet Gupta entered into a strategic collaboration with IIT-Delhi’s biotechnology centre and reached a breakthrough in waterless and STAR technologies after three years of rigorous R&D 👇 He launched Clensta in 2016 and commercialised in 2019 – currently offering haircare, body care, skincare categories, including two flagships – a waterless shampoo and a waterless body bath. The brand currently offers 70+ products and more than 80 SKUs. All Clensta products are FDA-certified and undergo rigorous quality checks at pre- and post-production stages. The brand also works on STAR technology to help improve the efficacy of personal care and wellness products. Clensta caters to nearly 15,000 pin codes and has built a strong offline presence across Tier I and II locations It is eyeing an exit ARR of INR 300 Cr in the current financial year. To read the in-depth article, click here 👇 #startup #revenue

Education planning and study abroad consultant startup Invest4Edu has secured $3 Mn (around INR 25.18 Cr) in a seed funding round from a host of undisclosed family offices👇 The company will use the fresh funds to ramp up its growth and expand its sales and marketing footprints. Founded in 2021 by Peeyush Agrawal, Rozy Efzal, Hemika Tanwar, Chintan Kotak, Tushar Vikram Bopche, Aditya Agarwala, CMT and Manoj Sharma, Invest4Edu offers education planning, saving and investment services alongside skill-building and career planning services to school and college students. 🔗 To read more in detail, click here: https://lnkd.in/edXcmW_D #news #startup #funding