Page 112 - Start Ups
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")
Nykaa IPO: How Falguni Nayar proved it's never too late to start up
From leading IPOs as an investment banker to launching one herself at 59, Nykaa's Falguni Nayar has broken all templates. We look at how she became one of India's most successful entrepreneurs
 "Nykaa IPO: How Falguni Nayar proved it's never too late to start up")
D2C home solutions startup Wakefit raises $28 mn at a valuation of $380 mn
The startup is on track to achieve sales of Rs 700 crore in FY22 despite being impacted by second wave of Covid
 "D2C home solutions startup Wakefit raises $28 mn at a valuation of $380 mn")
B2B player Solv crosses Rs 1,200 cr transaction run rate with 100,000 MSMEs
The pureplay marketplace plans to triple transaction volumes on its platform in 12 months, on the back of a robust KYC-verified MSME customer base
 "B2B player Solv crosses Rs 1,200 cr transaction run rate with 100,000 MSMEs")
Baby products firm Cradlewise raises $7mn in seed round led by Footwork
The round also had significant participation from CRV and follow-on from existing investors SOSV and Better Capital
 "Baby products firm Cradlewise raises $7mn in seed round led by Footwork")
Exotel raises $35 mn to expand its cloud customer engagement platform
The customer engagement company is looking to hit an annual recurring revenue of $200 mn over next 5 years and plans to increase its headcount by 200 over next 12 months
 "Exotel raises $35 mn to expand its cloud customer engagement platform")
magicpin raises $60 million in Series D round led by Zomato
The app currently serves 6 million active users with nearly 25 sessions per user per month, and provides savings on nearly 170,000 merchants across big brands and local retailers
Healthtech startup Mosaic Wellness raises $24 mn at valuation of $135 mn
Mosaic Wellness' Series A round was led by Sequoia Capital India with participation from Elevation Capital and Matrix Partners India
 "Healthtech startup Mosaic Wellness raises $24 mn at valuation of $135 mn")
Good Glamm Group India's first unicorn in DTC beauty and personal care biz
The firm, valued at $1.2 bn, expects to cross annual recurring revenue of $250 million by March 2022
 "Good Glamm Group India's first unicorn in DTC beauty and personal care biz")
This South Korean used his telecom biz to build a thriving fintech in India
Charlie Lee's firm True Balance leverages on its mobile phone balance checking business to assess and disburse loans with simple documentation in a matter of minutes
 "This South Korean used his telecom biz to build a thriving fintech in India")
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
 "HR tech start-up Advantage Club raises $5 million from Jetty, YCombinator")
On track to report Rs 1,000 cr revenue, says agro startup WayCool Foods CEO
WayCool Foods and Products Pvt Ltd is 'on track' to report Rs 1,000 crore top line during the current financial year, nearly tripling its revenues registered last year, official said.
 "On track to report Rs 1,000 cr revenue, says agro startup WayCool Foods CEO")
Bounce eyes $100mn investment in e-scooter mfg, battery swapping infra
Bounce is making investment of about $100 mn in next 12 months across manufacturing of e-scooters, expanding battery swapping infrastructure, its co-founder and CEO Vivekananda Hallekere
 "Bounce eyes $100mn investment in e-scooter mfg, battery swapping infra")