Olive AI, a health care start-up, gathered $852 million. Convoy, a freight start-up, raised $900 million. And Veev, a home construction startup, amassed $647 million.
In the last six weeks, they all filed for bankruptcy or shut down. They are the most recent failures in a tech start-up collapse that investors say is only beginning.
After staving off mass failure by cutting costs over the past two years, many once-promising tech companies are now on the verge of running out of time and money. They face a harsh reality: Investors are no longer interested in promises. Rather, venture capital firms are deciding which young companies are worth saving and urging others to shut down or sell.
Esta historia es de la edición December 08, 2023 de Business Standard.
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A SWEET DEAL
Bioplastics emerge as another revenue stream for sugar firms, a green one at that. Can the industry balance all the demands?
Maha election results fire up PSU stocks
Analysts believe NDA's landslide victory in the state will bring zing back to the markets that have seen some correction recently
Adopt online banking, reduce branch visits to minimise vulnerability
At the recently held State Bank of India Economist Conclave, Finance Minister Nirmala Sitharaman highlighted that while bancassurance has improved insurance penetration, it has also led to mis-selling.
Zomato shares zoom on Sensex inclusion
Shares of Zomato rallied as much as 7.6 percent on Monday, buoyed by the stock's entry into the benchmark Sensex.
RIL shares rise on Citi's 'buy' call
US brokerage has raised scrip target price to ₹1,530, an upside of over 18%
Godrej Properties to gain from strong land portfolio, demand outlook
Expansion of its development portfolio, brokerage upgrades, and strong outlook have led to a 15 percent gain for the stock of real estate major Godrej Properties (GPL) in six trading sessions.
Rupee appreciates 0.2% to 84.29 against dollar
The rupee appreciated by 0.2 per cent against the US dollar on Monday, tracking gains in its Asian peers.
Edelweiss Financial explores minority stake sale in MF unit
May value the business at $700-$800 million
Sensex reclaims 80,000 mark
Maha poll results, MSCI buying underscore gains
Politics, culture and performance
\"All the world's a stage, and all the men and women merely players.\" If we start looking at ourselves as characters who perform, and observe where the stage is, a lot more can start to make sense.
