Page 96 - Start Ups

Factors that could slow down the spawning of Indian unicorns in 2022

Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.

Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS

In a Q&A, company's co-founder talks about starting the company amid the pandemic, the financial machinations of Web3 organisations and his vision for the future of his firm

Healthcare insurer Loop raises $25 mn from Vinod Khosla, others in Series B

The round comes just six months after Loop raised a $12 million Series A, bringing total mop up till date to $40 mn

Top headlines: CoinDCX raises $135 mn; Lavrov says Ukraine op in new stage

Business Standard brings you the top headlines on Tuesday

India will have over 250 unicorns by 2025, says Iron Pillar report

The public listing of 12 Unicorns is another indicator of the increasing maturity of the Indian tech ecosystem

EVage eyes a first mover advantage with launch of one-tonne e-delivery van

The Mohali-based all-electric vehicle startup took nearly seven years to develop, test and validate Model X; roll out likely year-end

Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper

Restaurant management platform raises $24mn in series B funding

Startups partner with IITs to develop cutting-edge niche products

Incubation cells at the premier engineering institutes are helping more and more startups develop innovative product

Performance management startup Mesh raises $11 mn for US, APAC expansion

The Mesh platform continues to successfully manage a wide pool of modern soon-to-be unicorns and unicorns across sectors, including ShareChat, CRED, Groww, Pipefy and others.

SaaS start-up Zipy raises $2.8 mn in seed funding led by Blume, Together

Founded in 2020 by Vishalini Paliwal, an IIT Roorkee graduate & product engineering veteran, Zipy helps software teams to proactively identify, prioritise & debug critical customer issues in real time

Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo

The company said it would utilise the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool

BharatPe posting record growth, has put behind Grover controversy: CEO

BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities (more than 2x growth from last fiscal)

Fintech startup BeyondIRR raises seed funding from Zerodha's Rainmatter

Udaan co-founder Sujeet Kumar also participated in the round; funding amount not revealed

AI-based content firm Instoried raises $200 mn from GEM, seeks to go public

Funding comes in under 6 months after Instoried announced Series A round; firm says this makes it the fastest-growing deep tech startup led by a woman founder

Indian-American's AI startup expands leadership team after raising $200 mn

An Indian American-led artificial intelligence startup in the Silicon Valley on Wednesday said it has raised USD200 million so far and added key members to its leadership team

Online D2C brands grapple with moment of truth in the valuation game

Valuation demands of around 10x of revenue had become way too common despite the fact that consumer brands are fundamentally different from tech businesses.

Doceree completes $11 mn series A fund raise led by Eight Roads Ventures

Recipient is a physician-only platform for programmatic messaging; funding will help it embolden healthcare professional communications for pharma and life sciences brands

Google-backed VerSe valued at $5 billion in latest funding round

VerSe Innovation has raised $805 mn in a funding round led by Canada's top pension fund, putting a $5 billion valuation on the Google-backed parent of video app Josh and news aggregator Dailyhunt.

Google-backed Dunzo launches instant grocery delivery service in Mumbai

In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022

Tamil Nadu to create 10,000 more startups by 2026, says Tansim CEO

Tansim is the nodal agency for start-ups in Tamil Nadu and is working on a new start-up policy to boost the new investor eco-system in the state.