Page 5 - Indian Start-ups

Fireside Ventures announces $225-mn fund for investment in Indian startups

Venture capital firm Fireside Ventures on Wednesday announced closing of its third fund at USD 225 million or Rs 1,830 crore, which it plans to invest in Indian startups over a period of the next 10 years. The new fund is double the size of its previous fund. "We have closed out Fund III at USD 225 million which is about Rs 1,830 crore. We plan to invest Fund III in 25-30 startups in keeping with the Fireside thesis of digital-first consumer brands, across the spectrum of health and wellness, edutainment, lifestyle and FMCG," Fireside Ventures Partner Kannan Sitaram said here. According to Fireside Ventures, the market for D2C brands in India is set to touch USD 100 billion by 2025. Fireside Ventures has invested in 31 brands that include The Baker's Dozen, boAt, Mamaearth, Bombay Shaving Company etc. Launched in 2017, Fireside Ventures with the close of its Fund III has Rs 3,000 crore (USD 395 million) of assets under management. "The first fund had a corpus of Rs 340 crore and

PotHoleRaja: How one start-up is fixing roads the eco-friendly way

PotHoleRaja has grown from small pothole-fixing drives to a dedicated network of volunteers and is working today with some of the biggest corporations and organisations in the country to build roads

Why India continues to attract demand for global capability centres

According to a BCG study, India currently has over 1,500 global capability centres, with 300-500 to be added over the next five years

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, Union Finance Minister Nirmala Sitharaman said on Tuesday. Prime Minister Narendra Modi, she told a think-tank here, has himself engaged with startups and the government's policies have created an enabling environment as a result of which there are more than 100 unicorns in India. I have engaged, the Prime Minister with the startups to know what they want from India. And we kept as much as possible addressing their concerns. Now as a result of which, not purely as a result of which, but also because of which, you saw your Unicorns coming to reach 100 in number within the year of 2020 and 2021, she said in response to a question at the prestigious Brookings Institute think-tank. I've heard this from others as well. They (startups) are moving to Singapore, they're moving to the UAE. Well, if they want to talk to the Government o

Start-up funding nosedives by 80% in Q3 and CY22: Tracxn report

The top three sectors to receive maximum funding this quarter were alternative lending, genomics and payments

India's startup sector sees 80% drop in Q3 funding, slowdown to continue

The funding in Indian startups nosedived a massive 80 per cent (year-on-year) in the third quarter (July-September period) this year, with the late stage funding seeing the biggest fall

Story of BillDesk and how it became India's largest bill payment platform

Founded by three former executives of Arthur Andersen, it initially offered banks a platform that enabled their customers to pay bills from their homes

Global Innovation Index 2022: India up 6 spots, first time in top 40

This was mainly due to an improvement in information and communication technologies (ICT) services exports, venture capital recipients' value as well as finance for start-ups.

Get a masterclass on the art of scale-up from start-up wizards

Tech world's prime-movers set up Artha School of Entrepreneurship.

TMS Ep230: Startups, Adar Poonawalla, Indian rupee, Encumbrance Certificate

Are Indian start-ups on a road to profitability? What is keeping Adar Poonawalla busy these days? Is the current strength in rupee sustainable? What is an Encumbrance Certificate? All answers here

Temasek bullish on Indian start-ups, renew energy despite slowdown overseas

Top executives of Temasek, which has doubled its India portfolio in the past five years to $16 billion, said the fund made several successful exits from India in FY 22

Top headlines: Johnson quits as UK PM; startup funding down 33% in June qtr

Bowing to the inevitable as more than 50 ministers quit and lawmakers said he must go, an isolated and powerless Johnson spoke outside his Downing Street to confirm he would resign

2021 start-up ranking: Gujarat, Karnataka emerges as best performers

Top performers among the larger states include Kerala, Maharashtra, Odisha and Telangana

Over 22,000 techies lose jobs in US, more than 12,000 in Indian startups

Startups now say it is much more difficult to raise new funding in this gloomy environment

ah! Ventures announces launch of angel fund with Rs 100 cr corpus

While the first close is expected within the next 60 days, the team's target is to be fully invested by the third year with potential winners

HDFC Bank-backed Lentra acquires AI startup TheDataTeam for undisclosed sum

The deal involves the acquisition of the customer intelligence platform Cadenz

Why VCs are still backing Indian startups despite growth stocks crashing

Singapore, June 6 (ANI): The last few months have not been good for startups and their venture capital (VC) backers.Growth stocks like Southeast Asia's largest ride-hailing and food delivery company Grab, ecommerce giant Sea Limited, Indian companies Paytm, Zomato and Freshworks are some example of unicorns that went public recently but have performed poorly against the rest of the market.Grab and Sea Limited, both listed in the US, are down 65 per cent year-to-date. India listed delivery firm Zomato is down 49 per cent whereas fintech company Paytm is down 53 per cent.Both are listed in India while Nasdaq listed software house Freshworks is down 40 per cent for the year. This is in comparison to the SENSEX which is down just six per cent and S & P 500 index's decline of 14 per cent since the start of 2022.These growth stocks have been impacted by rising interest rates and inflation which is seen by the market as bad for newer firms which typically require loans to expand quickly.

India among largest, fastest-growing startup ecosystems in world: PM Modi

India is among the largest and fastest-growing startup ecosystems in the world...we in India remain open to learning from global best practices and sharing ours with others, PM Modi said.

KKR veteran Sanjay Nayar hunts for India's next startup stars with new fund

The fund plans to back about 10 startups, focusing on sectors including consumer tech, fintech and software-as-a-service

PM calls upon spiritual centres to inspire startups, Make in India drives

Prime Minister Narendra Modi on Sunday said that spiritual centers can become centers of inspiration for startups and Make in India initiatives in the country