Revolutionizing Recovery, Mobility, and Markets: India’s Bold Startup Moves

In today's StartupChai, we spotlight extraordinary stories from across India's startup domain, from groundbreaking healthcare initiatives to bold financial strides. Anunitha Deaddiction Centre for Women by Cadabams Hospitals marks a significant leap towards specialized healthcare, while Ola Electric's latest funding round fuels its journey to electrify India's roads.

The financial dynamics within startups take center stage as Byju's navigates investor relations amidst salary delays. Furthermore, Zomato's encounter with GST notices underlines the intricate dance between growth and regulatory compliance.

What Matters

“Nek Kaam Mein Deri Kaisi”: Pioneering India's First Large-Scale De-addiction Center for Women

Cadabams Hospitals takes a pioneering step in mental healthcare with the unveiling of "Anunitha Deaddiction Centre for Women," catering specifically to women grappling with substance abuse. This dedicated facility is a beacon of hope, addressing the alarming statistic of 57.4 lakh women battling addiction in India, often exacerbated by societal pressures and lack of awareness.

Anunitha symbolizes a crucial stride towards holistic well-being for women, promising a nurturing environment where they can heal and reclaim their lives.

Discover the path to recovery here

“Dhoom Macha Le”: Ola Electric Gears Up for IPO with a $50 Million Boost

Ola Electric, on its journey to an IPO, secures Rs 410 crore ($50 million) in debt from Evolution X through 41,000 NCDs. This marks their second significant debt financing in just six months, following the $385 million funding round in October 2023, showcasing continued investor confidence and support in their electric mobility vision.

Stay tuned as Ola charges ahead in reshaping the future of transportation.

Energize yourself with their journey here

“Kanoon Ke Haath Lambe Hote Hai”: Zomato Faces a GST Crunch

Zomato, the brainchild of Deepinder Goyal, finds itself in the spotlight again as Karnataka tax authorities issue the company a hefty Rs 23 crore GST notice for FY 2018-19. This comes after a similar notice from Gujarat's Deputy Commissioner of State Tax, indicating a growing scrutiny on the company's financial operations.

Find out more about their fiscal feast here

“Tension Ki Nahi Hai Baat, Jab Captain Cool Ho Saath”: MS Dhoni Joins Cleartrip

Cleartrip sets sail with a new skipper at the helm as they welcome cricket legend MS Dhoni onboard as their brand ambassador. The Flipkart-owned travel company aims to navigate the travel landscape with Dhoni's aura of charm and calm, promising smooth journeys ahead for their customers.

Set sail with Captain Cool here

Deck of Cards: Byju's delays staff salaries for second month amidst row with inventors

Looks like Byju’s troubles aren’t going to end anytime soon. Once the crown jewel of Edtech, it finds itself in hot water as it delays staff salaries for the second consecutive month amidst a dispute with investors regarding the rights issue. Despite the setback, the company is reassuring its employees of imminent resolution, aiming to secure alternative financing to fulfill salary obligations by April 8.

Learn about Byju's current chapter here

“Maza Aaya Ki Nahi Aaya”: A Whopping Rs 7.66 Crore Uber Bill That’s Hard to Forget

A Noida resident, Deepak Tenguriya, got the shock of his life when his Uber ride concluded with a bill of Rs 7.66 crore. This billing blunder has sparked a flurry of social media reactions. It's a ride that Deepak—and the internet—won't soon forget.

Catch the full story here

Fundraising and Financials

Innoviti Technologies is riding high, bagging Rs 40 crore in Series E funding, with Bessemer Venture Partners and the Patni Family Office at the forefront. This influx of funds is set to further fuel their mission to revolutionize digital payments.

Dive into Innoviti's success story here