STARTUPS

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• DBS Bank India announces $250 million lending support for start-ups, ‘new economy’ companies

  The Indian start-up sector has seen significant expansion over the years with over 90,000 start-ups and more than 100 unicorns as of 2024.

  

• DBS looks to be a banker to startups

  DBS Bank is considering several startups including in healthcare, technology, and firms using Artificial intelligence (AI) in financial services such as insurance; transportation, logistics and retail, waste management companies and supply chain logistics spaces, Verma said.

  

• Startups brace for funding surge in 2024, says report

  During 2023, growth and late-stage startups chose to defer fundraising, and investors took their foot off the gas pedal owing to rising interest rates, leading to the number of mega rounds (those over $100 million) falling to only 15, compared to 48 in 2022.

  

• Need regulators as partners rather than taskmasters for startups, says Anand Mahindra

  Anand Mahindra was delivering the fourth Annual Atal Bihari Vajpayee Memorial Lecture on ‘The role of industry in building a resilient and resurgent India’. The Mahindra group chairman pointed to the importance of the government and industry working in a collaborative manner to achieve scale, innovation, and global reach.

  

• PE-VC investments in startups dropped 11% yoy, deals fell by 33% in 2023: Report

  According to a latest report by EY India, the outlook for India's startup ecosystem remains positive despite the slowdown witnessed in 2023. The underlying strengths of the Indian economy, coupled with a robust founder-investor ecosystem, position the country favorably for future investments.

  

• 'Governance issues, value destruction at startups as founders feel not obligated to return capital'

  

• Funding winter or not, startups loosen purse strings to reward top talent

  Giving high increments, stock options, bonuses, global roles and accelerated promotions to ringfence people who are critical to business.

  

• Outplacement business booming amid tech, startup layoffs

  Amid widespread layoffs in the technology and startups sectors, outplacement firms are experiencing a surge in demand as companies seek assistance in helping laid-off employees find new employment. Companies across various industries, including technology, IT, ecommerce, and BFSI, are engaging outplacement providers such as ABC Consultants, Persolkelly Consulting, Randstad RiseSmart, LHH, and Right Management to aid affected employees

  

• Outplacement business booming amid tech, startup layoffs

  Amid widespread layoffs in the technology and startups sectors, outplacement firms are experiencing a surge in demand as companies seek assistance in helping laid-off employees find new employment. Companies across various industries, including technology, IT, ecommerce, and BFSI, are engaging outplacement providers such as ABC Consultants, Persolkelly Consulting, Randstad RiseSmart, LHH, and Right Management to aid affected employees

  

• Outplacement business booming amid tech, startup layoffs

  Amid widespread layoffs in the technology and startups sectors, outplacement firms are experiencing a surge in demand as companies seek assistance in helping laid-off employees find new employment. Companies across various industries, including technology, IT, ecommerce, and BFSI, are engaging outplacement providers such as ABC Consultants, Persolkelly Consulting, Randstad RiseSmart, LHH, and Right Management to aid affected employees

  

• About 13,500 employees from Byju’s, Paytm get on job-hunting mission

  The job market currently has over 6,500 active and accessible professionals from Paytm and another 7,000 from Byju’s, showed data from popular job boards and portals put together for ET by specialist staffing firm Xpheno. Amid a hiring slowdown in the startup ecosystem, the going isn’t likely to be easy for jobseekers despite many of them being willing to take substantial salary cuts, recruiters said.