Page 17 - Indian Startups

Trifecta Capital launches third fund with target corpus of Rs 1,000 cr

The fund aims to serve the rapidly growing financing opportunities for Indian start-ups

Village commerce tech startup 1Bridge raises $2.5 mn in fresh funding round

The funding was led by Netherlands-based impact investor C4D Partners, an early investor for the last 4 years

Online debt arranging platform CredAvenue to double headcount by March 2022

CredAvenue, the online debt arranging platform from Vivriti Capital, plans to double its headcount to 700 by March 2022 to drive its accelerated growth plans

China's crackdown on tech firms opens short window for Indian starts-ups

Beijing's decision to crack down on its tech start-ups has opened a window of opportunity for domestic start-ups, but it could close soon too

Govt launches SAMRIDH scheme to help startups in their initial phase

SAMRIDH will create a conducive platform for Indian software product startups to enhance their products and secure investments for scaling their business

Work cohesively to create India's own equity capital: FM to India Inc

Govt exploring insurance bonds as alternative to bank guarantees

House of Kieraya raises $15 million in asset financing from TradeCred

House of Kieraya (HoK), known for furniture and lifestyle rental brand Furlenco, on Tuesday said it has raised $15 million from alternative debt platform TradeCred

Indian startups raise $16.9 bn VC funding in 2021, next only to China

Indian startups got USD 16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, GlobalData said Friday. "Despite the third wave of COVID-19 pandemic looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian startup ecosystem. In fact, Indian startups stood next only to Chinese counterparts in terms of VC funding value among the APAC countries during January to July 2021," the leading data and analytics company said. An analysis of GlobalData's financial deals database reveals that a total of 828 VC funding deals were announced in India during January-July 2021 while the total disclosed funding value of these deals stood at USD 16.9 billion. Some of the notable VC funding deals announced in India during January-July 2021 include USD 3.6 billion raised by Flipkart, USD 502 million raised by Mohalla Tech (ShareChat), Zomato's capital raising of around USD 500 million,

Govt to scale up network of incubators, accelerators to spur start-ups

Government is committed to scaling up the network of incubators and accelerators massively over the next three years, Minister for Electronics and IT Ashwini Vaishnaw said on Tuesday

Assam CM pushes for new industrial policy to promote start-ups

Assam Chief Minister Himanta Biswa Sarma on Monday asked the state Industry Department to frame a new industrial policy in order to promote local start-ups

Fintech firm BharatPe valued at $2.85 bln after Tiger Global-led funding

Tech startups have recorded a surge in funding this year as investors bet on companies that are likely to benefit in the post-pandemic world.

Unacademy raises $440 million in fresh funding at $3.44 billion valuation

Over the last 18 months, the valuation of the Unacademy Group has risen almost 10X.

ADIF aims to make Indian startup ecosystem among top 3 globally by 2030

Digital startup think tank ADIF plans to make the Indian startup ecosystem among the top three globally by 2030, with focus on boosting knowledge base, driving collaboration and finding right policy

Automovill raises $500,000 in bridge round from Mumbai Angel Netwrok

With the latest fundraise, the startup has raised $1.2 million since its inception

104 startups registered on Startup India Showcase platform: Centre

As many as 104 startups from different sectors have been registered on the Startup India Showcase platform

Pankhuri raises $3.2mn from Surge, India Quotient and Taurus Ventures

Pankhuri is a platform for women in India to network, learn and shop through live streaming, chat, and cohort-based sessions

Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge

The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India

EdTech start-up Nalanda Learning raises Rs 40 cr from Aavishkaar Capital

Education technology start-up Nalanda Learning Systems has raised Rs 40 crore from Aavishkaar Capital to expand operations nationally.

Masai School sharpens focus on career-linked learning with Design Shift buy

Acquisition will help it strengthen its existing curriculum with comprehensive courseware on UI & UX Design, and Product Management

New crop of agri-tech startups go beyond farm-to-fork to serve niche areas

Their initiatives span areas as diverse as sericulture and fisheries using niche solutions like IoT-based farm management and using AI to ensure freshness of produce