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SoftBank, which has refrained from entering into new startup funding deals in India, is getting ready to divest stakes in IPO bound Ola Electric and FirstCry, while still holding shares worth USD 1.11.2 billion in its listed portfolio companies in the country.

The year 2024 may start on a bitter note for edtech unicorn Byjus, with another top-level exit after multiple resignations last year. The company has been embroiled in a slew of issues lately including auditor, board member resignations; alleged governance lapses; regulatory compliance; investor pullouts and valuation markdowns.

More startups want to flip back to India; SoftBank s returns from listed firms Want this newsletter delivered to your inbox Also in the letter: More startups India bound; map reverse flip Pine Labs moves: Growing trend: More homecoming.

Indian autonomous driving company Swaayatt Robots has announced that it achieved the world’s first Level 5 autonomous driving capability. In the demonstration, its autonomous vehicle i.e, Mahindra Bolero, learned to negotiate complex traffic dynamics in the TollPlaza and successfully crossed highly unstructured tollgates.

Elevate Your Tech Prowess with High Value Skill Courses Offering College Course Website MIT Technology Leadership and Innovation Visit Northwestern University Kellogg Post Graduate Certificate in Product Management Visit Indian School of Business ISB Professional Certificate in Product Management Visit The Indian Institute of Technology, Madras ( IITM ) aims to incubate at least 100 startups across various sectors in 2024 , its director V Kamakoti has said

Elevate Your Tech Prowess with High Value Skill Courses Offering College Course Website MIT Technology Leadership and Innovation Visit Northwestern University Kellogg Post Graduate Certificate in Product Management Visit Indian School of Business ISB Professional Certificate in Product Management Visit The Indian Institute of Technology, Madras ( IITM ) aims to incubate at least 100 startups across various sectors in 2024 , its director V Kamakoti has said

The Indian Institute of Technology Madras (IIT Madras) said on Tuesday that it is targeting incubating at least 100 startups across various sectors in 2024. Recognised as one of the top deeptech startup ecosystems in India, the IIT Madras Incubation Cell (IITMIC) is the institute s umbrella body for nurturing, supporting, and overseeing various innovation and entrepreneurship projects.

The winds of change are sweeping through the Indian startup ecosystem, with 2024 heralding a departure from the exuberant funding landscape of the past. The cautionary tale embedded in this year’s investment numbers, witnessing a plunge from $37 billion to a modest $7 billion, serves as a wakeup call for both venture capitalists (VCs) and founders.

The company s website now confirms the developments around Binny Bansal s latest startup. OppDoor s website says the company offers a comprehensive suite of services. It adds that OppDoor s services span a brand s complete lifecycle, from birth to exit. Hence, we provide both fully managed operations and business advisory services.

Flipkart cofounder Binny Bansal has reportedly launched his new startup to provide end to end solutions to ecommerce firms. Bansal had parted ways with Flipkart following its acquisition by Walmart in 2018. It is the first time he has come up with his venture after leaving Flipkart.