Page 110 - Start Ups
Paytm debacle more about pricing, won't impact start-up IPOs: PE/VC firms
They say Paytm's poor show is a reflection of just one company that didn't do well, many other IPOs like that of Zomato have been strong
 "Paytm debacle more about pricing, won't impact start-up IPOs: PE/VC firms")
SaaS company Zenwork raises over Rs 1,200 cr from Spectrum Equity
Spectrum's investment portfolio includes the likes of Grubhub, SurveyMonkey, Kajabi, Lucid Software, and Verafin
 "SaaS company Zenwork raises over Rs 1,200 cr from Spectrum Equity")
Medkart raises Rs 40 cr in Series A co-led by Alkemi, Insitor Partners
Having grown from scratch to 75 stores, predominantly in Gujarat, Medkart plans to use the funds for expansion to touch 250 stores by 2023
 "Medkart raises Rs 40 cr in Series A co-led by Alkemi, Insitor Partners")
Test prep startup Toppersnote raises $1 mn in seed fund led by IPV
Active in 70-plus exams such as UPSC, GATE, NEET, IIT, SSC and state govt job exams, the firm has over 300,000 aspirants primarily from tier 3 and below towns on its platform
Startup Fasal raises $4 mn to expand business in India, southeast Asia
Precision agriculture platform Fasal on Monday said it has raised USD 4 million from investors to expand business in India and southeast Asia
 "Startup Fasal raises $4 mn to expand business in India, southeast Asia")
Despite farm laws' repeal, agritech investments may rise to $700 mn in FY22
Indian agritech start-ups had attracted $528.4 mn in funding in FY21, according to VC firm Omnivore
 "Despite farm laws' repeal, agritech investments may rise to $700 mn in FY22")
E-commerce roll-up firm 10club acquires 3 gardening brands for unknown sum
The acquired brands specialise in seeds, soil, flower bulbs, manure, planters, tools and every other kind of equipment a consumer might need for their home gardening needs
 "E-commerce roll-up firm 10club acquires 3 gardening brands for unknown sum")
Indian startups received $6.1 billion in funding in Q3CY21: Nasscom report
This is a quarterly fall of about 6%; greater focus towards late stage startups, accounting for over 50% of deal value
 "Indian startups received $6.1 billion in funding in Q3CY21: Nasscom report")
Luxury catering firm Foodlink raises $8 mn from Plutus Wealth Mgmt, others
The Series-B funding round also witnessed the participation of Arpit Khandelwal, Managing Partner, Plutus Wealth Management LLP
 "Luxury catering firm Foodlink raises $8 mn from Plutus Wealth Mgmt, others")
Disprz raises $13 mn in Series B funding led by Dallas Venture Capital
Founded in 2015 by Subramanian (Subbu) Viswanathan and Kuljit Chadha, Disprz is an AI-powered learning and skilling suite that empowers companies to right-skill their workforce
 "Disprz raises $13 mn in Series B funding led by Dallas Venture Capital")
How do dark stores help deliver groceries within 30 minutes?
Indian tech startups are racing towards quick-commerce that targets ambitious buyers in big cities. What is fuelling this need for speed among online grocery startups? Let us understand in this report
 "How do dark stores help deliver groceries within 30 minutes?")
Healthtech start-up K&L Wellness raises Rs 30 crore in seed round
Firm provides therapeutic based health solutions to lifestyle diseases like diabetes, hypertension, heart disease and obesity, among others, through yoga and meditation
Velocity raises $20 mn in funding round led by Peter Thiel's Valar Ventures
The fintech firm plans to deploy over Rs 1000 crore in India's e-commerce brands
 "Velocity raises $20 mn in funding round led by Peter Thiel's Valar Ventures")
Mensa, house of D2C brands, raises $135 mn to become Asia's fastest unicorn
Within six months of starting the business, Bengaluru-based Mensa has raised more than $300 million in equity and debt
 "Mensa, house of D2C brands, raises $135 mn to become Asia's fastest unicorn")
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
 "What Sequoia's exclusionary act says about India's startup ecosystem")
Kitchenware brand Wonderchef raises $20 mn from Sixth Sense Ventures
Over the past three years, the company has been developing Wonderchef into a digital-first brand
 "Kitchenware brand Wonderchef raises $20 mn from Sixth Sense Ventures")
Moglix-owned Credlix acquires Singapore-based EXIM fintech startup NuPhi
The acquisition comes shortly after Moglix's entry into the Middle East region
 "Moglix-owned Credlix acquires Singapore-based EXIM fintech startup NuPhi")
Huge opportunities for Korean firms in India's startup ecosystem: Goyal
Huge opportunities exist for Korean investors in India's startup ecosystem and both the countries need to increase collaboration in sectors such as automobile, textiles, food processing, Goyal said
 "Huge opportunities for Korean firms in India's startup ecosystem: Goyal")
Go Fashion sets IPO price band at Rs 655-690 per share
Go Fashion (India) Ltd, which owns women's wear brand Go Colors, on Friday said it has fixed a price band of Rs 655-690 a share for its Rs 1,014 crore initial public offering (IPO)
 "Go Fashion sets IPO price band at Rs 655-690 per share")
Paytm founder says surge in valuations for Indian startups is here to stay
Indian startups are not overpriced and "many are underestimating what India's opportunity will be," Vijay Shekhar Sharma, founder and Chief Executive Officer of Paytm said
 "Paytm founder says surge in valuations for Indian startups is here to stay")