Page 32 - Start- Ups

Creator economy start-up AppX raises $1.3 mn in YCombinator-led round

Company aims to support creators in making a regular source of income every month by selling products to their fan base.

Startup Your-Space raises $10 million to grow student housing biz

Student housing startup Your-Space has raised USD 10 million (around Rs 75 crore) from a clutch of investors for the expansion and growth of its business. The company has raised the amount in Series-A funding through a combination of pure equity and convertible debentures, Your-Space said in a statement. The funding round was led by personal investment from Shantanu Rastogi (General Atlantic) and Ajay Gupta's (Capital Foods) family office AJAX Capital and Holy Basil Consultancy. The round also saw participation from Manish Choksi's (Vice Chairman at Asian Paints) family office, Sunidhi Group's family office, Sanjaya Gupta (former MD & CEO of PNBHFL), among others. "The fundraising is a testament to the confidence of our stakeholders in our value proposition- sharp focus on product management and redefining customer service standards at a reasonable price," said co-founder and COO Shubha Lal. The funds will help the company deepen its presence in a competitive crowded market, she .

50 more startups with the potential to be unicorns in 2022: Report

India has 50 startups with the potential to achieve the coveted unicorn' status in 2022 and by the end of the year, the list of the new-age companies valued at over $1 billion will be at least 100

Agritech startup DeHaat acquires Helicrofter, to empower farmers

Agritech startup DeHaat on Monday said it has acquired Maharashtra-based B2B agri-input marketplace startup called Helicrofter, for an undisclosed sum

Will Singapore's Vertex SPAC IPO benefit any Indian startups?

The hottest rage in the US financial markets during the COVID-19 pandemic years of 2020 and 2021 was the SPAC - special purpose acquisition company

Start-up Inc urges policy push, focus on smaller towns for sector's growth

Founders and investors laud move to celebrate National Start-up Day on January 16 - but say that more needs to be done to help sector

Annual investments into startups increase to $36 bn: DPIIT Secretary

Investors are taking huge interest in the country's startup ecosystem and in the last one year, annual fundings into startups have increased from $11 billion to $36 billion

Agritech startup Pepper Farms raises $1 mn as seed funding from investors

Agritech startup Pepper Farms has raised $1 million (around Rs 7.39 crore) from investors to grow its business

Direct overseas listing of Indian startups not expected in Budget FY23

The industry department is examining the matter to understand exactly what the startups want, DPIIT secretary Anurag Jain says

Plixxo, MissMalini, Winkl and Vidooly to create largest creator platform

Beauty conglomerate Good Glamm Group has invested Rs 200 crore seed capital in the new creator platform called Good Creator Co.

We Founder Circle: Creating a platform of angels for early-stage startups

The community the firm has built is India's second largest angel network, with 2,000 founders and strategic investors from 16 countries. It closed its first year with 33 investments worth $20 mn in al

100X.VC plans to invest in 100 early-stage start-ups this year

Combined valuation of first 5 batches of portfolio companies at $211 million

B2B manufacturing start-up Groyyo raises $4.6 mn led by Alpha Wave

Founded in July 2021 by Subin Mitra, Pratik Tiwari and Ridam Upadhyay, Groyyo has already partnered over 200 manufacturers across categories

D2C start-up Mamaearth becomes the first unicorn of 2022 with $52 mn round

Along with launching new brands, Mamaearth's parent company Honasa Consumer will continue expanding distribution for existing brands

10,000 start-ups built in last 6 months, says Modi in speech praising IITs

India has more than 75 unicorns, he says in speech crediting premier colleges for role in innovation.

India emerged as second biggest startup hub in world, says PM Modi

Prime Minister Narendra Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the IITs

How India's family offices are striking out on their own in start-up land

Not only that, 83 per cent family offices have an allocation to private markets that is more than 10 per cent of their overall asset distribution

Kerala start-up Allabout Innovation's virus neutraliser makes waves

The start-up's clients include BP Plc, DP World, UFO Movies, Indian Oil Corporation, Indian Airforce, and presidential palace in UAE

9 startups chosen at KSUM event to boost entrepreneurship among women

A two-day event organised by Kerala Start-up Mission, selected nine startups for funding aimed at boosting core female participation in various businesses.

Health-tech startup Pristyn Care raises $96 million in Series E round

Health-tech startup Pristyn Care on Wednesday said it has raised USD 96 million (around Rs 730 crore) in Series E round.