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Time of India
an hour ago
- Time of India
ET Soonicorns Sundowner 2025: How healthcare and HRTech are quietly powering Hyderabad's startup ascent
Academy Empower your mind, elevate your skills Healthcare Booking Platforms have demonstrated remarkable capital efficiency, raising a massive $335.7 million across just 20 funding rounds from 58 unique investors. This translates to an average funding of $16.8 million per round, a testament to the high conviction investors have in the scalability and market potential of health-tech solutions emerging from the region. Companies are innovating in areas such as telemedicine, online diagnostics, and at-home healthcare services, addressing critical gaps in the healthcare landscape. Similarly, the HRTech sector has been a hotbed of activity, securing $311.7 million from 43 investors across 40 rounds. The sector is not only attracting significant capital, including a mega-round, but is also witnessing a phenomenal entrepreneurial boom, with 155 new companies founded during the period. This indicates an intense focus on creating innovative solutions for modern workforce management, from recruitment and payroll to employee engagement and upskilling. Hyderabad-based startup Darwinbox has already achieved unicorn status, paving the way for others in this space. While the titans of Bengaluru and Mumbai have long dominated India's startup narrative, a powerful new current of innovation is surging from the heart of Telangana. In a surprising twist, it's not the usual suspects of e-commerce or fintech leading the charge. Instead, the Healthcare Bookings and HRTech sectors have emerged as the unexpected engines driving capital, innovation, and immense growth in the Hyderabad cluster, signalling a major shift in India's technology month, the city's dynamic startup ecosystem is set for its most definitive pulse check yet. On July 31, 2025, The Economic Times, in collaboration with leading data intelligence platform Tracxn, will unveil the much-anticipated 'ET Top Soonicorns and Minicorns X Top Sectors AP-Telangana 2025' report at the inaugural ET Soonicorns Sundowner in Hyderabad. To be formally launched by Jayesh Ranjan, IAS, Special Chief Secretary, Government of Telangana, the report signals the start of a new city-focused spin-off from the ET Soonicorns Summit , India's largest congregation for soonicorns or startups valued at or near $1 numbers speak for themselves. Between January 2020 and May 2025, the twin states of Andhra Pradesh and Telangana saw a flurry of startup activity, but Hyderabad emerged as the undisputed epicentre. The city alone accounted for over 2,500 new startups and attracted a staggering $2.1 billion in funding. This represents an astonishing 99.7% of the total startup capital invested in the entire region, cementing Hyderabad's status as a complete and self-sustaining startup surge has transformed the city into a magnet for talent and investment, fostering a vibrant landscape that spans from early-stage seed ventures to scalable 'soonicorns' and 'minicorns' or startups valued between $100 million and $500 million. This growth hasn't gone unnoticed, with Hyderabad now ranking among the top startup hotspots in Asia The forthcoming 'ET Top Soonicorns and Minicorns' report, which analyzes over 1500 companies, reveals a compelling story about where the smart money is flowing. The analysis classifies sectors into priority tiers, with 'P0' representing the top 10 sectors with the highest number of active investors—a clear signal of broad market at the pinnacle of the P0 category are Healthcare Booking Platforms and HRTech. Together, these two sectors have attracted over $640 million in combined funding, drawing significant interest from a diverse range of are some key insights:Beyond the top two: A diversified and thriving ecosystemWhile Healthcare and HRTech command the lead, the report highlights a robust and diversified ecosystem. The EdTech sector, particularly K-12 EdTech and Continued Learning, has seen the birth of over 370 new companies. Though the total funding is more moderate, the sheer volume of new ventures and investor interest points to a highly competitive and innovative early-stage E-commerce and logistics verticals also feature prominently in the P0 list. Online Grocery and Logistics Tech have attracted significant investor attention, reflecting the region's strengths in consumer-facing and supply chain MarketingTech stands out for having produced the highest number of minicorns at four among the P0 sectors, signaling a healthy pipeline of companies poised for significant report also identifies 'P1' sectors, characterised by high total funding from a more concentrated group of investors. These include high-growth frontiers such as Electric Vehicles (EVs), Beauty Tech, and Alternative Lending, which are attracting substantial capital and producing a new generation of promising ET Soonicorns Sundowner: Where data meets dialogueThe evening of July 31st promises to be a confluence of the sharpest minds in the region, bringing together founders, investors, and policymakers for insightful discussions, storytelling-led sessions, and exclusive networking data and insights from the upcoming 'ET Top Soonicorns and Minicorns' report, in collaboration with Tracxn, to be launched at the ET Soonicorns Sundowner Hyderabad, will provide the first truly definitive look into the mechanics of this silent revolution. As the spotlight shifts to Hyderabad, one thing is clear: the city is not just building startups; it is building the future, one innovative solution at a time. The nation will be watching closely as this southern powerhouse takes its well-deserved place on the main stage of India's startup-innovation new ET Soonicorns Sundowner 2025 series aims to cast a spotlight on the nation's undercelebrated innovation corridors, with Hyderabad rightfully claiming the inaugural in its fourth year, the ET Soonicorns Summit 2025 is scheduled to take place on 22 August.360 One is the presenting partner of the ET Soonicorns Summit 2025 (This article is generated and published by the ET Spotlight team. You can get in touch with them at etspotlight@ .)
India.com
2 hours ago
- India.com
Bad news for Ratan Tata's TCS, loses Rs 6550 crore in just 15 minutes, total loss now Rs 265500000000 after layoff announcement
Tata Consultancy Services (TCS) shares dropped sharply on Tuesday morning wiping out Rs. 6,550 crore of investor money in just the first 15 minutes of trading. This fall came right after Rs. 20,000 crore was lost on Monday, following the company's big announcement that it plans to lay off 12,000 employees over the next year. By early Tuesday, the company's market value (market cap) fell to as low as Rs. 11.07 lakh crore. The news has made many investors worried about what's next for India's biggest IT firm. TCS to lay off 12,000 employees As of the end of June 2025, TCS had a global workforce of 6,13,069 employees. But now, the company has announced plans to cut 12,000 jobs, mainly targeting mid and senior-level roles. TCS said this move is part of a broader strategy to adjust to future business needs, especially as current market conditions make it hard to keep certain employees on projects. Despite the job cuts, TCS assured that client services will continue without any disruption. The company also promised that affected staff will get their full notice period salary along with extra exit benefits. In addition, they'll offer extended insurance, counselling, career support, and help during the transition. Legal trouble over TCS new bench policy TCS is also facing legal challenges from employees over its newly introduced 'bench policy'. According to this rule, workers who are not assigned to any project can remain on the bench for only 35 days in a year. After that, they may face performance reviews. The policy also requires employees to have at least 225 billable days each year. IT hiring slows down across the sector The entire IT industry is seeing a slowdown. According to data from The Economic Times , hiring by the top 6 Indian IT companies dropped sharply, down more than 72 per cent in the April–June quarter. They hired just 3,847 people, compared to 13,935 in the previous quarter.
Economic Times
4 hours ago
- Economic Times
Waaree Energies shares in focus after Q1 profit surges 89% YoY to Rs 745 crore
Shares of Waaree Energies will be in focus on Tuesday after the company reported an 89% year-on-year (YoY) jump in consolidated net profit for Q1 FY26, coming in at Rs 745 crore compared to Rs 394 crore in the same period last year. ADVERTISEMENT Revenue from operations stood at Rs 4,426 crore, up 30% from Rs 3,408 crore reported in the corresponding quarter of the previous financial year. On a sequential basis, profit grew 20% from Rs 619 crore in the March quarter, while revenue rose nearly 11% from Rs 4,004 crore. Waaree Energies operates across three verticals: solar photovoltaic (PV) modules, engineering-procurement-construction (EPC), and power generation. - Solar PV Modules: Revenue rose to Rs 3,872 crore in Q1 FY26, up from Rs 3,617 crore in Q4 FY25 and Rs 3,178 crore in Q1 FY25. - EPC Segment: Revenue came in at Rs 589 crore, compared to Rs 465 crore in Q4 FY25 and Rs 226 crore a year earlier. ADVERTISEMENT - Power Generation: Revenue remained flat YoY at Rs 11 crore, versus Rs 8 crore in the previous expenses for the quarter stood at Rs 3,654 crore, compared to Rs 3,291 crore in Q4 and Rs 2,966 crore in Q1 FY25. These include costs related to raw materials, stock-in-trade, and employee benefits. ADVERTISEMENT According to Trendlyne, the average target price for Waaree Energies is Rs 2,607, implying a downside of about 16% from current levels. Among the four analysts tracking the stock, the consensus recommendation is 'Sell'.While the stock is up over 9% in 2025 so far, it has delivered a strong 49% return over the past six months. The company currently commands a market capitalisation of around Rs 89,368 crore. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
