Zoho CEO Sridhar Vembu said the SaaS (Software-as-a-Service) company saw "a fairly pronounced slowdown in growth in September across countries and across products". "Given the geographically and product-wise diversified nature of our revenue streams, I suspect the global economy is taking a turn for the worse," Vembu added. Zoho crossed $1 billion in annual revenue in FY22. readmore...

The Good Glamm Group is prioritising profitability as it's looking forward to an IPO in two years, Co-founder Priyanka Gill said. The startup, which produces and sells personal care and cosmetic items, is bullish about products' demand in upcoming festive season, Gill added. The company has been growing at over 250% year-on-year on a CAGR basis over the past years. readmore...

Dunzo Co-founder Dalvir Suri is leaving the cash-strapped startup after over six years. "Suri has been taking some time off over the last few weeks, and will be moving on from Dunzo," CEO Kabeer Biswas told employees in an email. His departure comes amid Dunzo's cash-flow crisis which forced the company to lay off hundreds of employees in several rounds. readmore...

World's richest person Elon Musk's mother Maye reacted to the billionaire's photo from 1990 and said the picture was taken in the family's rent-controlled apartment in Toronto. Musk is pictured wearing his first suit which costed $99, his mother revealed. "I couldn't afford a second suit, so he wore the same suit every day to work," she wrote on X. readmore...

Tokyo-based startup Tsubame Industries has developed a 14.8-foot-tall and 3.5-tonne robot named ARCHAX. The four-wheeled robot looks like RX-78-2 Gundam, a fictional robot from anime series 'Mobile Suit Gundam'. The ₹24.9-crore robot is named after avian dinosaur archaeopteryx. ARCHAX has a cockpit from where the pilot can manoeuvre the robot's arms and hands with joysticks from inside its torso. readmore...

US-based startup Humane revealed its first AI device, the 'Ai Pin', as part of a collaboration with fashion house Coperni at their 2024 Spring Summer show at Paris Fashion Week. Models walked in clothes fitted with the intelligent clothing-based wearable. According to Humane, the standalone device "uses a range of sensors that enable natural and intuitive compute interactions". readmore...

Google-backed Pixxel CEO Awais Ahmed said there was "absolutely no support" for Indian space startups when his company started. "I remember having a conversation with someone in ISRO. We were trying to book a launch and they said, 'Look, we don't...have a procedure to launch an Indian satellite," Ahmed stated. Bengaluru-based Pixxel launched its first satellite with SpaceX last year. readmore...

Indian edtech startup BYJU'S is in talks with investors to hive off Epic to help settle $1.2-billion Term Loan B, PTI reported. It reportedly wants to "dispose off" the US-based kids' learning company within 150 days. The proposal has gone to lenders, the report claimed. BYJU'S had acquired Epic in what was a $350 million-$400 million cash-and-stock deal in 2021. readmore...

Venture capital funding in Indian startups failed to rise above $1 billion (over ₹8,303 crore) for the third straight month in September. VCs invested over ₹7,116 crore in Indian startups in September, a 116% monthly rise. Perfios, which raised over ₹1,901 crore, bagged the highest-funded transaction. It was followed by Ola (over ₹1,162 crore) and Ather Energy (over ₹896 crore). readmore...

BYJU'S parent company Think and Learn on Saturday announced that a board meeting will be held in the second week of October to approve and adopt accounts for FY22. The meeting will also be attended by BYJU's advisory council. In June, Deloitte resigned as the auditor of BYJU'S, citing a long delay by the startup in furnishing its FY22 financials. readmore...