Page 3 - Start-up Funding
Bus service startup Cityflo raises Rs 57 cr from Lightbox Ventures, others
The startup aims to utilise the amount raised to expand services on current and new routes
 "Bus service startup Cityflo raises Rs 57 cr from Lightbox Ventures, others")
Ather Energy raises $35 mn in a funding round led by Sachin Bansal
Hero MotoCorp-backed electric two-wheeler maker Ather Energy said it has raised $35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of $23 million
 "Ather Energy raises $35 mn in a funding round led by Sachin Bansal")
Symphony Asia, Lightbox lead $12.5 mn round in jewellery start-up Melorra
The firm has been bringing in global fashion trends into lightweight gold jewellery and launching 75 designs every week with 80% of collection below Rs 35,000
 "Symphony Asia, Lightbox lead $12.5 mn round in jewellery start-up Melorra")
Former Grab employees' start-up Nextbillionai raises $7 mn in funding
Company has launched an AI-driven mapping solution that customises APIs based on the size of the vehicles.
 "Former Grab employees' start-up Nextbillionai raises $7 mn in funding")
AI firm SirionLabs' valuation crosses $300 mn after fresh funding
The Gurugram-based company has raised $44 million in a funding round led by Tiger Global, Avatar Growth Capital.
 "AI firm SirionLabs' valuation crosses $300 mn after fresh funding")
Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai
Qure.ai will use the capital to drive geographical expansion, expand product portfolio in two more areas
 "Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai")
Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year
The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.
 "Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year")
Start-up funding slows down in 2019 after a two-fold surge previous year
Major deals include $586 million by Tencent and others in Udaan this August, followed by $413 million by SoftBank Corp, Carlyle and Fosun Group in Delhivery
 "Start-up funding slows down in 2019 after a two-fold surge previous year")
How Pankaj Karna bet on fragmented markets to build a top-class M&A outfit
An active early-stage start-up investor, he isn't obsessed with promoter credentials and focusses more on entrepreurs with clarity of mind and fire in the belly
 "How Pankaj Karna bet on fragmented markets to build a top-class M&A outfit")
AI firm CleverTap raises $35 mn in funding round led by Tiger Global
Funds will be used to fuel team growth across engineering, sales, and marketing across the US, Latin America, Europe, and Asia
 "AI firm CleverTap raises $35 mn in funding round led by Tiger Global")
Early-stage funding for start-ups falls 15% to $148 million in 2018
The year ended with a decline in angel investment in the final quarter, primarily on the fear of income tax notices to such investors and the associated network
 "Early-stage funding for start-ups falls 15% to $148 million in 2018")
Funding for start-ups sees a pick-up, but crunch for sector not over yet
Early-stage fundraising has slowed down, late-stage is robust but raising money for Series-A/B/C remains tough
 "Funding for start-ups sees a pick-up, but crunch for sector not over yet")
Average size of start-up funding up 27% to Rs 4.6 cr: Report
The report also said angel deals have shown an annual average growth rate of 124 per cent during 2008-2015
 "Average size of start-up funding up 27% to Rs 4.6 cr: Report")
