Page 109 - Start Ups
PE firm TPG invests $360 mn in AI and analytics services firm Fractal
PE player Apax is exiting partially via this fund raise. It had invested $200 million in Fractal in 2019
 "PE firm TPG invests $360 mn in AI and analytics services firm Fractal")
Plixxo, MissMalini, Winkl and Vidooly to create largest creator platform
Beauty conglomerate Good Glamm Group has invested Rs 200 crore seed capital in the new creator platform called Good Creator Co.
 "Plixxo, MissMalini, Winkl and Vidooly to create largest creator platform")
Practo evolving to become India's largest integrated healthcare firm: CEO
Adoption of digital healthcare will increase in next 4-5 years in India's $150 billion healthcare market and Practo will play a leading role in the transition
 "Practo evolving to become India's largest integrated healthcare firm: CEO")
Gig economy gets pandemic push as online deliveries smash records on NYE
Covid was just the disruptor. Even before it struck, growing tech and digital enhancements had been propelling the growth of e-commerce and online services both within and outside India
 "Gig economy gets pandemic push as online deliveries smash records on NYE")
State Bank of India pumps $20 million into Pine Labs in latest fintech bet
In 2021, Pine Labs had raised a total round size of $600 million from a marquee set of new investors
 "State Bank of India pumps $20 million into Pine Labs in latest fintech bet")
We Founder Circle: Creating a platform of angels for early-stage startups
The community the firm has built is India's second largest angel network, with 2,000 founders and strategic investors from 16 countries. It closed its first year with 33 investments worth $20 mn in al
 "We Founder Circle: Creating a platform of angels for early-stage startups")
Cross-border B2B e-commerce player Geniemode raises $7 mn in series A round
Funding led by Info Edge Ventures; Geniemode works with over 100 suppliers from India, Bangladesh, Pakistan and Sri Lanka to cater to diverse markets in US, LatAm, UK, EU and Australia
 "Cross-border B2B e-commerce player Geniemode raises $7 mn in series A round")
Accelerator fund 9Unicorns charts aggressive investment plan for 2022
Aims to invest in over 150 startups in 2022, with approx. investment of Rs 400cr
PE-VC investments in Indian firms up 57% YoY, hit record $63 bn in 2021
The year had eight investments worth $1 bn or more, led by Flipkart's $3.6 bn pre-IPO round; E-commerce was the favorite sector, attracting $10.3 bn, followed by fintech ($7.7 bn)
 "PE-VC investments in Indian firms up 57% YoY, hit record $63 bn in 2021")
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
 "We are close to doubling revenue in FY22: Mamaearth CEO Varun Alagh")
Record number of unicorns in 2021 as race for such valuation takes longer
Karnataka has emerged the biggest source of start-ups in India
 "Record number of unicorns in 2021 as race for such valuation takes longer")
India's technology start-ups set to continue IPO rush into 2022
Delhivery, Snapdeal, PharmEasy, OYO and Ola are among those slated to list in the bourses in the coming year
 "India's technology start-ups set to continue IPO rush into 2022")
Neobanking start-up Jupiter raises $86 mn at a valuation of $711 mn
It is currently seeing 5,000 to 6,000 new users signing up each day, and has also recorded deposits of over Rs 100 crore in October this year.
 "Neobanking start-up Jupiter raises $86 mn at a valuation of $711 mn")
Instoried's Sharmin Ali expects 2022 to be the year of 'empathetic content'
Instoried founder & chief executive Sharmin Ali shares the story of Instoried, the need for AI-driven content marketing and the use of NLP
 "Instoried's Sharmin Ali expects 2022 to be the year of 'empathetic content'")
Financial security firm MetaMap raises Rs 530 cr for business expansion
Start-up offers solutions for fraud prevention, identity and financial qualification, and credential sourcing.
India emerged as second biggest startup hub in world, says PM Modi
Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the Indian Institutes of Technology (IITs)
 "India emerged as second biggest startup hub in world, says PM Modi")
Robotics firm ARAPL Raas raises funding for warehouse automation
Company says its technology reduces the cost of operations for companies in instant commerce.
Grabhouse and Pankhuri founder Pankhuri Shrivastava passes away at 32
Serial entrepreneur Pankhuri Shrivastava, founder of a women-focused social community platform called iPankhurii and startup Grabhouse passed away on December 24 at the age of 32
 "Grabhouse and Pankhuri founder Pankhuri Shrivastava passes away at 32")
Capillary Technologies files draft papers to raise Rs 850 cr via IPO
The company offers artificial intelligence-based cloud-native Software-as-a Solution products and solutions to develop loyalty of consumers and channel partners
 "Capillary Technologies files draft papers to raise Rs 850 cr via IPO")
RIL Digital Health invests in health tech startup Karkinos Healthcare
Oncology-focussed managed healthcare platform Karkinos Healthcare has received an undisclosed amount of investment from Reliance Digital Health, a statement said on Sunday