Page 7 - Indian Startups

Good Capital plans to invest $25 million in Indian AI startups this year

Mauritius-based venture capital firm Good Capital on Friday said it plans to invest USD 25 million, about Rs 200 crore, in Indian AI startups this fiscal. The investment will be made from the corpus of USD 50 million Good Capital Fund II, which is expected to be used by 2027. "The total fund is USD 50 million which is planned to be used by 2027. Out of which Good Capital is deploying USD 25 million in AI startups empowering intermediaries and plans to deploy this by 2025, Arjun Malhotra, General Partner at Good Capital said. "Investing in technology products solving India-centric problems, the firm has announced plans to invest USD 25 million in AI startups by FY25. These investments will primarily target sectors such as cleantech, e-commerce, edtech, healthtech, SaaS, and deeptech, Good Capital said. The firm plans to invest in 15-20 AI startups across early-stage and Series-A funding stages utilising AI and LLM (large language models) to create novel businesses through an investm

In red-hot AI space, funds for Indian startups cooling down: Traxcn

PE/VC funding down 71% in CY23; it has slowed further in this year

IvyCap plans to invest Rs 2,100 cr in Indian startups in next 12 years

Venture Capital firm IvyCap Ventures has raised Rs 2,100 crore through its Fund III, with 90 per cent of the corpus coming from domestic investors. Fund III had a basic corpus of Rs 1,500 crore and a provision to raise an additional Rs 600 crore as greenshoe option. "We have raised Rs 2,100 crore. Majority of the fund has come from our existing investors and 90 per cent is domestic capital," IvyCap Ventures Founder and Managing Partner Vikram Gupta told PTI. "Despite challenges in domestic capital flow, we have stuck to our theory that there is enough domestic capital which will continue to grow. With Fund III we have proved it," he said. The Fund III is almost 4 times the size of Fund II, IvyCap said, adding that it plans to invest in Indian startups over a period of 12 years. The Fund plans to invest in about 25 companies at Series A with an average starting investment amount of Rs 30-50 crore. "We are sector agnostic fund. We have already committed around 40 per cent of the fu

Indian startup funding declines 3.1% to $2.3 billion in Q1 CY2024

The country saw the creation of two unicorns - companies valued at over $1 billion - during the quarter, namely Ola Krutrim and fintech Software as a Service (SaaS) firm Perfios

Aramco's VC arm building an India team to bet on early-stage opportunities

Prosperity7 Ventures, Saudi Aramco's venture capital arm, manages over $3 billion in assets worldwide

BS Manthan: Never had a funding winter, says Sanjeev Bikhchandani

The comment from Bikhchandani--who's sometimes referred to as the father of Indian startups-came in the backdrop of Indian startup funding hitting a seven-year low in 2023

Never had a funding winter: Sanjeev Bikhchandani at BS Manthan

The Indian startup ecosystem never faced a funding winter, said Sanjeev Bikhchandani, serial entrepreneur and co-founder, Info Edge at the Business Standard Manthan event.

Unacademy CEO Gaurav Munjal's comment on Indian tech founders sparks debate

Country lacks culture of research and innovation but Indian entrepreneurs found solutions to country's problems

Developed India@2047

Education and health outcomes will need to be improved

CY24 trend so far: Two unicorns, but funding to startups down 29%

India 4th-largest recipient of funding

Venture capital major Accel aims to invest in 25 Indian startups: Prashanth

May launch India-focused fund in a few years

Uber boosts eco-mobility, backs Indian startups with sustainovate challenge

Uber is committed to achieving net-zero emissions by 2040 and has been continuously working with governments, partners, think tanks, and others to address global sustainability challenges, the company

End of funding winter? Indian startups set to raise $8-10 billion this year

In 2022, Indian startups raised a total investment of $25 billion. In 2021 the fund raised a new high of $41.4 billion, according to Tracxn

Indian startups may add $1 trillion to Indian economy by FY30: CII report

Between 2024 and 2035, the country may see 300 new unicorns, the report said

SoftBank-backed Meesho to roll out ESOP buyback program worth Rs 200 cr

The SoftBank-backed e-commerce firm Meesho is enabling opportunities for wealth creation for 1,700 past as well as present employees

India home to 8,000 women-led tech startups, Delhi-NCR tops list: Tracxn

Of the over 8,000 women-led startups, 2,316 have received funding while about 6,000 are unfunded. Women tech entrepreneurs have cornered 14.8% share of the overall tech funding pie at $23 billion

India startup boom: Goyal exhorts entrepreneurs not to 'miss the bus'

Terming startups as the backbone of new India, Union minister Piyush Goyal on Tuesday exhorted entrepreneurs not to "miss the bus" and make most of the opportunities as India transitions to become a 35 trillion dollar economy by 2047. India, he said, has emerged as a global leader, and its story is one of confidence, good governance and continued innovation. "I believe startups will be backbone of new India. This is our time under the sun, and the sun is rising," the minister for commerce and industry said at a curtain raiser event for upcoming 'Startup Mahakumbh'. "I hope we don't miss the bus. I hope the message goes loud and clear to all startups not to lose this opportunity," he said, adding that the upcoming mega event will showcase the startup revolution sweeping the country. Goyal exuded confidence that young Indians will shape the country's destiny in 'Amrit kaal'. "...It is this young India that is going to shape our destiny...as we transition from 3.5 trillion dollar eco

Fundraise through venture debt up 50% in 2023; equity funding down 70%

Indian startups cumulatively raised $1.2 billion in venture debt investments across around 175-190 deals last year, a 50 per cent rise from $800 million raised across 170-180 deals in 2022

Spyre PropTech Venture rolls out the first phase of Rs 400 crore fund

The maiden fund is set to invest in early and growth stage companies with ticket sizes ranging from Rs 2-8 crore in early stages and Rs 15-40 crore in growth stage series A and B rounds

Committed to restructuring board: Raveendran tells Byju's shareholders

To increase shareholder representation, the CEO of the embattled edtech firm committed to restructuring the Board and appointing two non-executive directors