Celebrations Tea, a Bengaluru-based startup has been getting people's love lately. It was launched in 2021 with an aim to provide its customers with a 100 percent natural and premium blend of tea with a unique taste and fragrance. It has made its foray into the e-com market and is equally popular as an in-store commodity.

Zopper is an embedded digital insurance solutions provider. It has set a target of vending over $1 billion in insurance premium every year for the next 5 years. Zopper has come out with an application programming interface (API) platform, which allows its insurance partners to team up and ideate innovative insurance policies, which are appealing to the customers.

Analysts have predicted that soon Delhivery will be added to the FTSE All-World Index by December this year and the MSCI India index by May 2023. According to the market research aggregator platform Smartkarma, the stock will not be added to the benchmark Sensex and Nifty indices of BSE and NSE, respectively, any time soon.

Tan90 has raised Rs 5 crore in a pre-Series A funding round led by Blue Ashva Capital. 3i Partners, and angel investors Shalini Chhabra and Venkat Nekkanti also participated in the round. The funds will be used to expand its reach in India and South East Asia, optimize supply chains for present clients pan-India, increase product offerings and invest in R&D.

Coto, an upcoming Web3 social community startup is a prime example of feminism in industry. It is a platform developed exclusively by women, for women. Coto is Eve's latest offering to the world. Its prime aim is to ensure participative ownership, which is a basic principle of Web3. It will allow its users to create and assimilate content freely.

Only 23 of the 100 unicorns have managed to reach profitability for a financial year, according to Tracxn Technologies, a data analytics firm. This has resulted in backlash from the investors for not achieving company-level profitability. According to the data, these firms have raised more than $80 billion from investors, resulting in a total market value of more than $300 billion.

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An eco-friendly propulsion system for satellites has been tested by Bengaluru-based Bellatrix Aerospace. The satellite cuts a new path from the hydrazine-dependent fuel systems and offers a potential 20% jump in fuel efficiency for space satellites, said co-founder Yashas Karanam. The startup was founded by IISc and is a new age space tech startups in India.

It has been noted that in the first quarter of 2022, various startups have raised money through ESOP buyback programs. PineLabs, a prominent Indian startup has rolled out an ESOP buyback program of $13.1 Mn after it secured funding of a whopping $50 Mn at a massive valuation of $5 Bn. It is noteworthy that employees have secured almost $83 Mn Through ESOP Buybacks.

Inox Green Energy Services is planning to lodge its draft papers again for an initial public offering after raising the issue size. Last month, the material subsidiary of Inox Wind had revoked its listing application. The IPO of Inox Green Energy Services comprises fresh shares worth Rs 500 cr, and/or an offer-of-sale of equity shares by certain existing and eligible shareholders of the company.

The Oyo has finalised the acquisition of Europe-based company ‘Direct Booker’ for an amount of $5.5 million. The ‘Direct Booker’ has over 3,200 homes, and has serviced two million customers so far. The startup was founded in 2010 and now it has become a leading player in the vacation home management segment in Dubrovnik, a key tourist destination in Croatia.

Blender.io, a cryptocurrency mixer, has been hit by sanctions from The US Treasury Department's Office of Foreign Assets Control (OFAC). OFAC stated that the mixer is used by the Democratic People's Republic of Korea (DPRK). Blender.io has been previously involved in state-sponsored cyberattacks and in laundering digital assets by the North Korean hackers.

The Pune-based startup Indic Inspirations has helped over 400 Indian artisans through the Heart for Art Charitable Trust, which they set up in 2014. Indic Inspirations is working on some of its upcoming collections related to the Indian Railways, and the Indian Ocean. The startup operates in India and globally via online stores. In FY21, it has processed 12,200 orders and sold 28,000 products.

For the first time in the UK, NFTs have been recognized as property. In March, two NFTs from the Boss Beauties NFT collection were stolen from an online wallet of a user. In this case, the judge ruled that the NFTs will be considered a “property,” thus giving the ability to the owner to access legal protections.

SEC Commissioner Hester Peirce went to Twitter, questioning why the SEC is leading with enforcement in crypto. This was after the SEC report last week that stated that SEC is doubling the size of its crypto enforcement team. She noted that the SEC is a regulatory agency with an enforcement division, not an enforcement agency first.