Page 40 - Start Ups

Swiggy's quick commerce arm Instamart outpaces food delivery biz growth

The quick commerce vertical's GOV is already at 40 per cent of food delivery GOV, despite being launched six years later

LinkedIn's top Indian startups 2024: Zepto leads as India's newest unicorn

According to a report by Global Data, Indian startups raised around $7.5 billion in venture capital funding from January to August 2024 alone

Top 5 private equity players invested $9 billion in in first half of 2024

The PE major has invested over $8 billion in the country through more than 30 deals, making it a force to reckon with. It has said it would invest around $5 billion this year in India

AI healthcare firm Qure.ai completes $65 mn Series D funding round

The investment will expedite expansion into the US market and other geographies, increase investment into foundational AI models and enable complementary med-tech company acquisitions

Zerodha profit jumps 61.5% in FY24; CEO warns of regulatory challenges

However, anticipates 30-50% drop in revenue next fiscal due to regulatory headwinds

Startup firm Whatfix raises $125 mn in Series E round led by Warbug Pincus

Supporting 80+ Fortune 500 companies, Whatfix registered top-decile performance with a 4.5x increase in annual recurring revenue since 2021 round, with new products contributing 15 per cent of revenue

Flexible office space operators got $820 mn PE funding since 2017: Report

In its report released on Wednesday, real estate consultant Knight Frank India said the Private Equity (PE) investments in India's flexible office space sector have fluctuated significantly

Zepto retains first place in LinkedIn's 2024 list of India's Top Startups

"This year's Top Startups list is a true reflection of India's burgeoning entrepreneurial ecosystem. Bengaluru continues to thrive with half of the Top Startups headquartered in the city

Indian startup funding dips 7% to $7.6 billion in first nine months of 2024

Funding rounds declined to 1,036 from 1,579 during the same period, according to data from market intelligence platform Tracxn's India Tech 9M 2024 report

Pepsales raises $1.1 million in a round led by Chiratae Ventures

The firm said it is targeting the global enterprise application software market, which has an estimated annual sales and marketing expense exceeding $190 billion

Nurix AI raises $27.5 mn in funding round led by Accel, General Catalyst

Startup founded this year will use the financing on technology and business expansion

Optimistic Capital launches India's first microbrewery-focused fund

India's microbrewery sector is expected to triple by 2030, with over 1,000 microbreweries projected, compared to around 300 in 2024

Visa processing platform Atlys raises $20 million in Series B funding

The fresh capital will fuel Atlys' expansion strategy, empowering the company to enhance its product and engineering capabilities, enter new markets, and scale operations globally

Meet Bharat Semi, startup behind Indo-US semiconductor fab partnership

3rditech had its breakthrough moment when it was awarded the Army Design Bureau's Award of Excellence for its low-light imaging sensors

J&K startups hope for internet friendly environment post elections

While a Supreme Court ruling in January 2020 curtailed the length of shutdowns, the fallout continues to reverberate through the entrepreneurial landscape

DPIIT refers complaint against quick e-commerce players to CCI: Report

The complaint was submitted by the All India Consumer Products Distributors Federation (AICPDF) to the Union Commerce and Industry Ministry

Capital A launches Rs 400 cr fund to target manufacturing, climate startups

Fund II will invest in 17-20 companies, offering initial investments between $750,000 and $1 million, with total commitments of $2-3 million per company over their growth cycles

PhysicsWallah raises $210 mn; valuation jumps 2.5 times to $2.8 bn

There has been a long dry spell of significant funding in the Indian edtech sector with a significant dip in the valuation of large edtech firms

Revved up! Nykaa scales its same, next-day deliveries to 110 cities

Nykaa has expanded its supply chain network to 44 warehouses across India by FY24, up from 18 in FY21

'Unsecured credit growth slows but demand remains strong': Fibe co-founder

Digital lending company Fibe sanctioned 46.6 million loans in H2FY24, showing an 8.4 per cent increase from H1FY24. The firm has raised a total of $228 million in funding since its inception in 2015