Page 90 - Start Ups

Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

50K startup workers stare at job loss as India preps for 200 new unicorns

As startups in India keep firing their staff to navigate through the 'funding winter' and more than 60,000 can lose their jobs in 2022 alone, the country is preparing to welcome 200 unicorns

AquaExchange raises $3 mn from Endiya Partners, Accion Venture Lab

The company will deploy the capital in strengthening its technology, e-commerce operations & expanding its farm automation footprint to over 100,000 acres of farms by the end of FY23

Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group

Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash

India will have 122 new unicorns in 4 years: Hurun Research report

In just one year, the number of such startups has increased by 65%

Flipkart Grocery leans on smaller towns in bid to reach 20,000 PIN codes

Flipkart Grocery currently offers 7,000 products in 1,800 cities covering 10,000 PIN codes, served by 23 fulfilment centres spread over an area of 2.75 million sq ft

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

Hurun says 122 more Indian startups can become unicorns in 4 years

The report, which has been done in association with ASK Private Wealth, said the 122 companies most likely to achieve the 'unicorn' status are valued at $49 bn, which is a 36% jump since last year

SaaS startups gain favour as funding slows down for other companies

According to the Venture Intelligence data, year-to-date, SaaS start-ups have raised almost $1.8 billion

Edtech firms build brick-and-mortar centres across India to woo students

Several are adopting a hybrid model of offline and online education to stay afloat, as students head back at school and colleges post pandemic

Fintech startup Progcap raises $40 mn in funding round backed by Google

Google has invested in Indian startup Progcap that caters to small and medium-sized businesses, as it raised $40 million in its Series C funding round

3 friends set on a new path of building Udaan into a global public company

India's largest business-to-business e-commerce platform said it has achieved positive unit economics and gearing up for an IPO

Tech startup Matter raises $10 mn to scale up e-mobility, energy storage

Info Edge-backed technology fund Capital 2B, Climate Angel Fund lead investors in Matter's first external round of funding

Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn

Pine Labs, backed by investors such as Sequoia Capital, PayPal, and Mastercard, competes with fintech companies such as BharatPe, Mswipe, Paytm, and Razorpay

Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn

Round led by Owl Ventures with participation from Steadview Capital and Paramark Ventures, and existing investors Jungle Ventures and Sequoia

India-focused funds on road to raising around $9.8 bn in CY22: Data

18 funds have already raised $1.74 bn; Asia dry powder pegged at $173.4 bn

Second-sale realty broker Settlin raises $1 mn in pre-series A round

Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund, and Bharat Matrimony founder among investors; funds to be used for expanding within Bengaluru

Zilingo's co-founders make surprise buyout offer for startup: Report

The move comes as Zilingo's board is scheduled to meet on Monday to discuss the future of the company, according to people with knowledge of the matter

ShareChat's valuation crosses $5 bn after closing $520 mn funding round

Social media company raises $255 mn from Google, Times Group and existing investors

How Google, Sequoia are supporting growth plans of women-led startups

A slew of accelerator programmes are reaching out to a segment that has been attracting a tiny share of the funds raised by the entire Indian startup ecosystem