Page 87 - Start Ups
Ready to talk with startups to address their concerns: Sitharaman
The government is ready to talk with the startups who are contemplating moving overseas and address their issues as much as it can to help them stay in India, Nirmala Sitharaman said
 "Ready to talk with startups to address their concerns: Sitharaman")
Dhoni picks up equity in plant-based protein startup 'Shaka Harry'
Former Indian skipper Mahendra Singh Dhoni has picked up equity in the plant protein startup Shaka Harry', the company said on Tuesday.
 "Dhoni picks up equity in plant-based protein startup 'Shaka Harry'")
Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn
Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve
 "Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn")
Robotics start-up Miko picks 70% stake in AI board-game maker Square Off
The 2 companies aim to together generate more than $100 million in revenue in 2023
 "Robotics start-up Miko picks 70% stake in AI board-game maker Square Off")
Google Accelerator to support 20 women-led start-ups in first cohort
Firm will focus on subjects like access to networks and capital, hiring challenges and mentorship, which for a variety of reasons, prove challenging for female founders
 "Google Accelerator to support 20 women-led start-ups in first cohort")
Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round
Company founded by 4 IIT graduates will use money to expand its presence and for improving technology
 "Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round")
Zepto's Kaivalya Vohra youngest Indian with net worth above Rs 1,000 crore
Vohra stood at the 1,036th spot in the IIFL Wealth Hurun India Rich List 2022, with a net worth of Rs 1,000 crore
 "Zepto's Kaivalya Vohra youngest Indian with net worth above Rs 1,000 crore")
Happilo: Farmer's son and a nutty biz selling good health in small packs
Vikas Nahar's enterprise does Rs 40 cr a month on average, selling exotic and local nuts processed at 16,000 sq ft of processing space that he now plans to scale up by another 100,000 sq ft
 "Happilo: Farmer's son and a nutty biz selling good health in small packs")
Star-studded startups: Five celebrities who are betting on Indian companies
From Twinkle Khanna to Virat Kohli, many B-town celebrities and cricketers have already invested in startups ranging from food to edtech
 "Star-studded startups: Five celebrities who are betting on Indian companies")
Machine learning developer TrueFoundry raises $2.3 mn in seed funding
Company will use financing to expand technology team and for product development
 "Machine learning developer TrueFoundry raises $2.3 mn in seed funding")
Insurtech start-up Zopper raises $75 million in series C funding
Currently, there are 57 insurance companies in India- 24 in the life insurance sector and the others in non-life insurance businesses
 "Insurtech start-up Zopper raises $75 million in series C funding")
DotPe raises $58 mn in series B, plans entry into financial services
The firm currently serves over 7.5 million brands including McDonald's, 24 Seven and Taco Bell
Edtech start-up Leverage Edu plans to double workforce in next 12 months
This comes after Leverage Edu raised $22 million in series B funding in March earlier this year, bringing the firm to a valuation of $120 million
 "Edtech start-up Leverage Edu plans to double workforce in next 12 months")
FinMin sets up panel to address issues faced by venture capital, PE firms
The Finance Ministry has set up a high-level panel headed by former Sebi chairman M Damodaran to look into issues being faced by venture capital (VC) and private equity (PE) investors
 "FinMin sets up panel to address issues faced by venture capital, PE firms")
PE/VC investments fall 80% to a 19-month low in August, says report
The month recorded the highest ever exits at USD 3.1 billion, making it the best month from sell-offs perspective, according to the report by industry lobby IVCA and the consultancy firm EY.
 "PE/VC investments fall 80% to a 19-month low in August, says report")
After lay-offs, edtech startup Lido Learning files for insolvency
Lido Learning's board of directors has passed a special resolution to file an application under section 10 of IBC, 2016
 "After lay-offs, edtech startup Lido Learning files for insolvency")
Construction management start-up Powerplay raises $7.14 mn in funding
The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore
 "Construction management start-up Powerplay raises $7.14 mn in funding")
India edges out China in creating new unicorns in H1CY22: Hurun report
As many as 147 unicorns worldwide saw their valuations drop in the last six months
 "India edges out China in creating new unicorns in H1CY22: Hurun report")
Tech start-ups raise $885 mn in funding in Aug, down 20% from July: Report
Edtech unicorn UpGrad and fintech start-up EarlySalary among companies to earn big-ticket investments: Tracxn
 "Tech start-ups raise $885 mn in funding in Aug, down 20% from July: Report")
HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group
HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care
 "HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group")