Startup News Roundup: Key Updates

Indian startup ecosystem is buzzing with important developments today. upGrad co-founder Ronnie Screwvala weighed in on the problems with edtech firms going for IPOs, stating that none of them are yet ready for public markets. Elsewhere, Tesla ramped up hiring in India following a meeting between PM Modi and Elon Musk, signaling its entry into the Indian market.

In the fundraising arena, Swish Club had raised $4.5 million in a pre-Series A fundraising round, while deeptech startup Spyne raised $16 million to expand its auto SaaS solutions. Additionally, Sirona's founders have acquired their firm back from Good Glamm Group.

These amendments reflect the dynamism of India's startup ecosystem as it evolves and expands.

Source: yourstory