Astrotalk’s Unicorn Leap, Shiprocket IPO Day 1 & More
India Welcomes Its 133rd Unicorn Astrotalk has become India’s 133rd unicorn. The startup entered the coveted club after an ESOP…
India celebrates 133rd Unicorn with Astrotalk's billion-dollar valuation, fueled by internal ESOP buyback and expanding offline retail and overseas operations. Shiprocket's IPO receives 97% subscription, with retail investors and NIIs driving demand while QIBs show limited interest. Electric mobility startup Yulu secures $93 Mn in Series C funding to expand its e-scooter fleet, services, and partnerships.
Ride-hailing giant Uber plans to launch its bike taxi service in 100 Indian cities, currently operating in 18 states and one union territory. Lenskart's Q1 profit soars 273% YoY on rising revenues and margins, while its board approves a $20 Mn investment in OWNDAYS expansion to Korea and China. AI coding platform Cursor opens its first India office and hires for on-site roles, expanding its presence as developers triple to 3 Mn. Pharmacy tech company SwishX aims to streamline healthcare workflows with AI-powered solutions.
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