Page 87 - Start Ups

Tredence raises $175 million in funding from Advent International

Private equity firm Chicago Pacific Founders (CPF), an existing investor, will continue to be "a meaningful shareholder", said Tredence. CPF invested in Tredence in December 2020

S Chand to sell its entire stake in iNeuron to PhysicsWallah for Rs 14 cr

Education content company exits second edtech investment, after dropping out of Testbook Edu Solutions

Legal tech start-ups have raised $57 mn in funding since 2013: Report

Indian sector has more than 650 firms and is valued at $1.3 bn to be second biggest in the world

Hotels to tickets: Travel return fuels growth for online travel aggregators

EaseMyTrip, Airbnb and OYO among companies reporting steady growth in business as pandemic wanes

IIFL fintech fund picks up 16% in Insurance Samadhan for $2 million

The IIFL Group's early-stage investment vehicle, IIFL Fintech Fund, has invested $2 million (around Rs 16.5 crore) in insurance technology startup Insurance Samadhan for a 16 per cent stake

VC funds reduce number of deals with start-ups by a fifth in 2022: Study

Total investment in such firms in India stood at $23 bn in 2022, compared to $35 bn in 2021

Is Byju's experiencing growing pains?

Creditors of India's most-valued unicorn Byju's are pressuring it to sell off its US assets to repay loans. Is the edtech major still facing the growing pains of a start-up or spiralling downhill?

Java Capital launches Rs 75 cr seed fund, announces first close at Rs 30 cr

Firm will invest in at least 15 technology and fintech start-ups, expects final close in 6 months

Waiting for a thaw: Four charts give a peek into the funding winter

The other trend was acquisitions. Many acquired to expand rather than invest to grow organically. Of course, this period did not see a single unicorn

Walmart's payments startup PhonePe seeks to raise $1 billion: Report

The company is in talks with SoftBank Group Corp.'s Vision Fund, an investor in PhonePe's parent entity Flipkart, although Walmart will remain top investor, the people said

Indian startups see huge 35% drop in funding, edtech among worst performers

As the funding winter deepens amid growing layoffs, India saw a massive 35 per cent drop in funding this year, from $37.2 billion in 2021 to $24.7 billion (till November in 2022)

Blume Ventures announces closing its fund for start-ups at $250 mn

VC firm's Fund IV will invest in some 35 companies in edtech, fintech, health and other sectors

Startup funding dips by 35% to $24.7 bn in 2022 YTD: Tracxn report

Late-stage funding fell by 45 per cent from $29.3 billion between January to November 2021 to $16.1 billion for the same period in 2022

Govt recognises 84,102 entities as startups as on Nov 30: MoS Commerce

The government has recognised as many as 84,102 entities as startups as on November 30 this year, Parliament was informed on Wednesday

Hardware security: A vacuum to be filled by Indian startups in the IoT era

The arrival of the Internet of things (IoT) has created a scope for new hardware security solutions that could make the 'smart' consumer products secure by design

PhysicsWallah, the unassuming underdog among edtech firms in India

While its rivals battled to stay afloat, PhysicsWallah has recorded consistent growth since the pandemic

No of unicorns drop to 85 in India as valuation erode amid global turmoil

The number of unicorns (with the $1 billion valuation and above) in India has dropped to 85 from more than 100 just a couple of months ago, as most startups have shed a significant share of valuations

Flipkart veteran building unified shopper identity across stores

Flash is creating a digital identity that power shoppers can use across retail sites

Work to combat climate change, boost millet production: FM urges startups

Union Finance Minister Nirmala Sitharaman on Saturday appealed to startups to touch upon less glamorous areas including climate change, millet production and improving the condition of farmers

JioCinema preps for its Disney-Hotstar moment with football World Cup

Tournament likely to give app visibility in run-up to IPL next year; monthly active users seen touching 105 mn