Page 88 - Start Ups

Unicorn status to WeWork co-founder's real estate startup 'Flow' pre-launch

WeWork co-founder and former CEO Adam Neumann receives $350 million funding from top investment fund Andreessen Horowitz (a16z) for his upcoming business named Flow

EnKash: Powering India's SMEs and start-ups with a suite of corporate cards

The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year

Changing customer behaviour helps establish new age e-commerce models

New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come

Wealth management platform Dezerv raises $21mn in series A led by Accel

Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor and so far seen more than Rs 800 crore invested through the platform

Fintech start-up Credit Fair raises $10 million in debt and equity

Founded in 2018, the company aims to drive financial inclusion by offering customised lending solutions to under-served business and consumer segments

Exponent Energy partners Altigreen to bring rapid charging for electric-CVs

The companies have unveiled an electric three-wheeler that rapid charges from 0-100 per cent battery capacity within 15 minutes at Exponent's e-pump network

B2B SaaS start-up WebEngage raises $20 mn in Series B funding round

The Series B round also saw participation from family offices of Unmaj Corporation, NB Ventures, Shashwat Nakrani (a co-founder of BharatPe), and Gopal Srinivasan (chairman of TVS Capital) and others

Family offices bet bigger on start-ups, opt for direct investments

Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up

PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring

PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals

Mergers & acquisitions on rise as startups diversify into newer spaces

The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share

Women kirana partners lead deliveries for Flipkart in India's remote areas

The programme enables the kirana partners to make limited time-based deliveries contingent on their comfort and availability and has enabled large-scale participation from women

Porter completes divestment of Modern Trade business to COGOS Technologies

This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions

Start-ups collaborate with chemists, shake up offline pharma business

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups

First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage

CARS24 sees high-profile exits as global CTO, business head move on

The platform was valued at $3.3 billion, about double the valuation from its previous round in September 2021

Centre pulls up edtech firms for mis-selling courses, IEC responds

Self-regulatory organisation India Edtech Consortium (IEC) on Saturday said it is committed to protecting consumer interest and has resolved 100 per cent complaints received till June

Indian tech startups raise $6 billion in April-June quarter, Fintech rules

Number of deals dropped by 17% sequentially, more than half were larger than $100 million each

Funding in startup dropped by 17% to $6 billion in April-June: Nasscom

According to the Nasscom, deals also dropped by about 17 per cent due to dampened market sentiments but despite reduction in deal value, funding in growth stage continued to increase.

One year of startup listings: Exuberance tapers as firms lose grip on gains

After Zomato's promising start, global tech meltdown halts listing gravy train

Agritech start-up Otipy to hire 250+ people including 100 freshers

Delhi-NCR-based agri-tech startup Otipy operated by Crofarm is planning to hire more than 250+ employees this fiscal. The company is looking for fresh talent across various departments