Page 53 - Start Ups

Time taken for startups to get Series A funding longest in over a decade

Waiting for institutional round of financing could extend to 86 months compared to 81 last year

Perfios secures $80 million funding, set to become 2nd unicorn of 2024

Perfios helps financial institutions with processes such as origination, onboarding, decisioning, underwriting, and monitoring

Zopper eyes expansion into EMs, targets 50-60% growth in India in 3 years

Zopper plans to expand its distribution ecosystem and strengthen partnerships with banks, non-banking financial companies (NBFCs), travel portals, brands, and retail chains

Former Sequoia India firm launches new fund Peak XV for early ventures

"We plan to leverage this internal balance sheet to invest in and partner with other fund managers across regions, strategies and sectors," the letter added

India AI mission to provide funding, support to deeptech startups: Experts

The move will provide much-needed financial assistance to deeptech startups in the country, an area which founders say has been a major roadblock for innovation in the sector

Magicpin launches delivery service to enter logistics aggregation segment

The platform is currently witnessing an average of 5,000 orders per day

Nearly 75% of women-led startups still unfunded, says Tracxn report

There are currently 117,254 startups in the country, according to data from the Department for Promotion of Industry and Internal Trade

US-based Baron Capital boosts Swiggy's valuation to $12.1 billion

New valuation is above the $11 billion IPO valuation target that Swiggy is eyeing

Fund of Funds commits Rs 9,500 crore for startups, says Sidbi chairman

The commitment of Rs 9500 crore has led to over 100 AIFs raising Rs 56,000 crore more, he said at TiEcon Delhi 2024 conference here

The Ayurveda Experience secures $27 mn in funding led by Jungle Ventures

The funds would help firm ramp up customer engagement on its platform, invest in product R&D

Large representation of Indian data differentiates us: Krutrim's Ravi Jain

Krutrim's head of strategy Ravi Jain said what differentiates the AI platform from others is that it uses Indian data including different languages to train its models

Flipkart planning to unveil quick commerce service in a couple of months

According to industry sources, 15-20 minute deliveries provided by players such as Zepto, Instamart and Blinkit are taking a major portion of the sales of products away from Flipkart and Amazon

IndiGo promoter Rakesh Gangwal invests $20 million capital in Zetwerk

Gangwal is the last investor in the ongoing funding round of Zetwerk at $2.8 billion enterprise value

OYO parent firm Oravel Stays plans to launch self-operated premium hotels

As part of a pilot programme, Oravel Stays had earlier launched Palette with 10 hotels in cities, including Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar and Bengaluru

Nasscom to bring 15 top-tier tech startups delegation to UAE next week

The delegation would participate in the exclusive Pitching and Networking Session for the startups to be organised by the Consulate General of India in Dubai on March 11 and 12

From Settl. to Colive, co-living startups find room to double capacity

Co-living operators such as Settl., Aurum PropTech, and Colive are raising funds from investors to expand their businesses

Paytm will overcome regulatory setbacks, says Vijay Shekhar Sharma

Despite the setbacks, Sharma said he values the role regulators play in creating a healthy environment for startups in India

BigBasket eyes profitability in next 6-8 months, IPO in 2025: Hari Menon

Part of Tata Digital, the firm will turn profitable in another 6-8 months once the newly-launched 'BB Now' vertical turns profitable

Gensol Group's Matrix Gas & Renewables raises Rs 350 cr in pre-IPO round

Funding will help expand gas aggregation business and buy city gas distribution assets, says firm

Big Basket aims to turn profitable in 8 months, eyes for IPO in 2025

When asked about plans for an IPO, he said, "We will probably have it in 2025. But we are leaving it to the Tatas, there cannot be anybody better to guide us and advise us on that."