Page 145 - Start Ups
Zomato and Swiggy leading food delivery race in the country: Report
A survey showed that when it comes to food delivery from QSR chains; three in five urban Indians (60 per cent) prefer ordering food through apps such as Zomato and Swiggy
 "Zomato and Swiggy leading food delivery race in the country: Report")
DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors
The company has successfully targeted India's fast-growing, mid-income demographic of 500 million new-to-internet users
 "DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors")
Practo's telemedicine subscription plans record 250% growth in 6 months
Most of the health plan users are from metro cities like Delhi, Bengaluru, and Mumbai
 "Practo's telemedicine subscription plans record 250% growth in 6 months")
This IITian is turning traditional shipping on its head with automation
Soham Chokshi's Shipsy is disrupting the offline shipping space with its SaaS workflow management platform
 "This IITian is turning traditional shipping on its head with automation")
Kalpathi Group's ed-tech arm Veranda acquires Chennai Race for Rs 100 cr
New brand Veranda Race will initially offer online training programmes for Banking, Staff Selection Commission and TNPSC; also plans course content in 11 Indian languages by December 2021
 "Kalpathi Group's ed-tech arm Veranda acquires Chennai Race for Rs 100 cr")
Foreign funds colonising Indian startups: Naukri.com founder Bikhchandani
Naukri.com and Zomato investor said foreign funds are the new East India Company that are colonising successful Indian startups by transferring ownership abroad to skip Indian regulations and taxes
 "Foreign funds colonising Indian startups: Naukri.com founder Bikhchandani")
Zypp to expand e-scooter fleet to 10,000 next year, get more female riders
Zypp Electric, which operates in the last-mile delivery space, plans to expand its fleet to 10,000 e-scooters over the next 12-14 months and onboard more riders, including women
 "Zypp to expand e-scooter fleet to 10,000 next year, get more female riders")
Edtech player Great Learning scouts for start-ups in inorganic growth push
Firm has seen a 10x spike in user base since lockdown as companies such as Maruti and IndiaMart have tied up with it for employee training programmes
 "Edtech player Great Learning scouts for start-ups in inorganic growth push")
Electric aircraft builder ePlane Company raises undisclosed seed funding
The IIT-incubated start-up is likely to give product demonstrations by 2021
 "Electric aircraft builder ePlane Company raises undisclosed seed funding")
The four engines that propelled the rise of Cars24, India's latest unicorn
Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales
 "The four engines that propelled the rise of Cars24, India's latest unicorn")
Start-ups emerge out of Covid shadow, expand runway: Nasscom survey
The study finds 43% enterprises have enough cash to sustain for over six months as compared to 8% in May; most expect to hit pre-Covid level over next six months
 "Start-ups emerge out of Covid shadow, expand runway: Nasscom survey")
Unacademy's valuation tops $2 bn with funding from Tiger Global, Dragoneer
The latest fundraise follows funding round in September when the company raised an investment of $150 million in a round led by SoftBank Vision Fund 2 at a $1.45 billion valuation
 "Unacademy's valuation tops $2 bn with funding from Tiger Global, Dragoneer")
Sequoia Capital India's Surge programme picks 17 early-stage startups
One of the key features of the programme is that the founders of the selected startups receive $1 million to $2 million early on in the programme
 "Sequoia Capital India's Surge programme picks 17 early-stage startups")
Bus service startup Cityflo raises Rs 57 cr from Lightbox Ventures, others
The startup aims to utilise the amount raised to expand services on current and new routes
 "Bus service startup Cityflo raises Rs 57 cr from Lightbox Ventures, others")
Newest unicorn in town: Cars24 raises $200 mn in Series-E funding
The company was valued at over $1 bn in the funding round led by DST Global
 "Newest unicorn in town: Cars24 raises $200 mn in Series-E funding")
The school dropout who turned the business of managing wealth on its head
The man behind Zerodha has now made a mark catering out to ultra HNIs with a new outfit that takes forward the group's value proposition of transparency
 "The school dropout who turned the business of managing wealth on its head")
New AI park to build robotic nurses, education systems for India's billions
The Artpark as it is called, will be set up in Bengaluru and will promote tech innovations in niche areas such as healthcare, education, mobility, infra, farming, retail and cybersecurity
 "New AI park to build robotic nurses, education systems for India's billions")
Start-ups take on Covid gloom with campaigns around safety and positivity
Some players are also striking an emotional chord by promoting values of togetherness; Brands are also spending more on e-commerce ads as opposed to conventional
 "Start-ups take on Covid gloom with campaigns around safety and positivity")
The accidental entrepreneur whose app protects 12,000 housing societies
Vijay Arisetty, who turned entrepreneur some years after quitting the IAF following a mishap, has developed MyGate, one of India's most successful security apps
 "The accidental entrepreneur whose app protects 12,000 housing societies")
Ather Energy raises $35 mn in a funding round led by Sachin Bansal
Hero MotoCorp-backed electric two-wheeler maker Ather Energy said it has raised $35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of $23 million
 "Ather Energy raises $35 mn in a funding round led by Sachin Bansal")