Page 7 - Deepsekhar Choudhury

100X.VC plans to invest in 100 early-stage start-ups this year

Combined valuation of first 5 batches of portfolio companies at $211 million

B2B manufacturing start-up Groyyo raises $4.6 mn led by Alpha Wave

Founded in July 2021 by Subin Mitra, Pratik Tiwari and Ridam Upadhyay, Groyyo has already partnered over 200 manufacturers across categories

We are close to doubling revenue in FY22: Mamaearth CEO Varun Alagh

On Saturday, Mamaearth became the first start-up to enter the unicorn club in 2022 with a $52 million fundraise

D2C start-up Mamaearth becomes the first unicorn of 2022 with $52 mn round

Along with launching new brands, Mamaearth's parent company Honasa Consumer will continue expanding distribution for existing brands

Hospitality SaaS company Rategain aims to mop up Rs 1,300 cr via IPO

Hopes to regain pre-Covid level of $60 million ARR in FY22

Cred to acquire expense management start-up Happay at $180 mn valuation

Happay is a business expense, payments and travel management platform serving over 6,000 businesses

Biocon enters Dow Jones Sustainability Index in Emerging Markets category

Pharma major makes it to the DJSI EM Index with a total sustainability score of 45 as against an industry average of 18

Investcorp exits Rs 135-cr structured credit investment in PBEL City

Deal is a milestone for firm's India residential credit biz; Against Rs 1,500 cr raised for this strategy, Investcorp has already made profitable exits exceeding Rs 1,350 crore in gross proceeds

What Sequoia's exclusionary act says about India's startup ecosystem

Many experts believe that a relatively nascent LP ecosystem and a general expectation that VC funds be closed-end in nature prompted the country's omission

Blackstone's Amit Jain jumps ship to rival Carlyle as India co-head of PE

At Blackstone, Jain sat on the boards of Essel Propack, Aakash Educational Services, Sona Comstar, Fino Payments Bank

HR tech start-up Advantage Club raises $5 million from Jetty, YCombinator

The company aims to expand its operations abroad and add more products and features to compete in the $13 billion global HR tech market

Britannia Q2 net down 23% due to rising palm oil, fuel prices

The company's cost of materials increased 8% from Rs 1,768 crore in Q2FY21 to Rs 1,915 crore in the corresponding quarter of FY22

Realty firm Sobha's Q2 post-tax profit zooms 165%, sales at all-time high

The company posted a revenue of Rs 819 crore in the quarter, up 59 per cent on a year on year basis

We saw zero losses through two waves of Covid: Alteria's Vinod Murali

Alteria Capital is on track to commit over $200 mn of venture debt this year

Indian crypto and blockchain startups are reimagining how the web works

Regulatory nervousness could slightly ease on the face of SaaS, gaming, social media applications based on crypto

Niyogin Fintech continues to make losses, revenue rises 231% in Sept qtr

The company's balance sheet has become debt free and had cash and cash equivalents of Rs 171.4 crore as of the quarter ended September

Neobanking startup Fi raises $50 mn in funding, valuation jumps 7 times

B Capital Group, Falcon Edge and others participated in the Series B funding round that valued Fi at $315 million

Traders protest against foreign e-commerce players, lament 'Black Diwali'

'Bharat Chhodo Morcha' includes a national conclave and on-ground protests in Rajasthan, MP, UP, Punjab and Haryana to urge both govt and consumers to shun foreign brands, embrace local ones

Realtors see residential housing sales hitting new peak in 2 years

Stamp duty cut, low-interest rates, lower prices are a trigger

Policybazaar raises Rs 2,569 cr from anchor investors at Rs 980 per share

33.5% of the total allocation to anchor investors was made to 18 domestic mutual funds through 69 mutual fund schemes