News Digest
Jobs, funding, startups & career opportunities - updated every 30 minutes
Fewer IIT, IIM graduates launch startups this year
Entrepreneurial ventures among IIT and IIM graduates have significantly decreased in 2025, with only 36 startups founded compared to previous years. Experts attribute this decline to macroeconomic uncertainties, cautious investors, and a tighter funding environment. The drop is particularly noticeable among startups founded by women, reflecting a broader market correction.
Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants
Citymall's funding comes at a time of a quick-commerce frenzy in the Indian market.
CFOs are quitting Indian firms before finishing 2 years
Many Chief Financial Officers in India leave their jobs quickly. Misalignment of responsibilities is a major reason. Other factors include career opportunities and IPO delays. Sectors like consumer businesses see higher turnover. Internal hires and good onboarding improve retention. Leaving CFOs often advance to bigger roles. Autonomy and clear decision-making are crucial for keeping CFOs.
BluSmart investors propose $30M in new funding to revive the Uber rival
A group of investors are considering a plan to inject another $30 million into BluSmart in a bid to revive the Indian cab-hailing startup, which abruptly halted operations last month, TechCrunch has learned. The proposal from these existing investors has a catch: It’s contingent on BluSmart co-founder Anmol Singh Jaggi agreeing to resign. The proposed […]
As Indian unicorns soar, corner offices still remain a man's world
Despite India's booming startup scene, a new report reveals a significant gender gap in unicorn leadership. Women hold only 10% of C-suite roles, with underrepresentation in tech and strategic functions. While excelling in HR, they lag in CEO, CTO, and CIO positions, highlighting systemic challenges in career advancement and industry acceptance.
White-collar hiring steady in March despite holiday disruptions: Report
Hiring in India's white-collar job market remained stable in March, with AI-ML showing 25% year-on-year growth. IT sector saw signs of recovery, and emerging technologies hiring surged by 36%. Unicorns, particularly in banking and financial services, and experienced professionals were in high demand.
Prezent raises $20M to build AI for slide decks
Prezent has raised $20 million in an all-equity funding to build specialized presentation models and expand its footprint into new markets.
Zolve, a neobank for global citizens moving to the US, raises $51M and secures $200M debt
Zolve, a neobanking startup targeting global citizens seeking credit, has raised $251 million in a new round to expand into Canada and launch loans.
New-age companies gear up to strengthen top deck
Startups and new-age companies are bolstering their boards with high-profile independent directors to prepare for IPOs in the next one to two years. This surge is driven by regulatory pressures, evolving corporate governance standards, and the proactive involvement of private equity investors.
Most CEOs plan to integrate AI into their operations: Cisco Study
Nearly 80% of global CEOs recognize the benefits of AI, but concerns remain about knowledge gaps affecting decisions and growth, according to Cisco Systems. The research reveals over 70% of CEOs worry about losing competitive ground due to IT and infrastructure deficiencies, underscoring the need for robust technology investment.