Page 55 - Start-ups
Nykaa to raise Rs 80 cr via private equity and HNI for expansion
Nykaa, an e-commerce startup into skincare and beauty products, plans to open five stores in 2016 and 30 stores across India by 2020.A startup venture by Falguni Nayyar, former Managing Director of Kotak Investment Bank, Nykaa plans to roll out brick and mortar stores in major cities of India and would source a funding of Rs 80 cr from private equity and high net worth individuals."We have one store in Delhi Airport at Terminal 3 and would open 4 more across Bangalore, Mumbai and Delhi during this year. We are looking at adding 30 stores by year 2020 but we will get major part of business from online market space", told Falguni Nayyar, Founder and CEO of Nykaa.The number of online shoppers has proliferated from an estimated 40 million in 2014 to 80 million in 2016. Having less competition in the luxury and beauty products, we are eyeing a significant pie of the online business.Nykaa.com raised Rs 25 cr in a funding round by private equity firm TVS Capital in 2015 and is projected to ..
 "Nykaa to raise Rs 80 cr via private equity and HNI for expansion")
Prepathon raises Pre-Series A investment from Blume ventures
PaGaLGuY founded by a MBA Graduate from the Wharton School in 2002
 "Prepathon raises Pre-Series A investment from Blume ventures")
MyDentistChoice raises $150,000 funding
Firm already serves large dental chains and aims to have a base of 300,000 dentists across the country
 "MyDentistChoice raises $150,000 funding")
Chennai Angels invests Rs 2.5 cr in parking technology start-up Agile Parking
The Chennai Angels (TCA) today announced an investment of Rs 2.5 crore in Agile Parking Solutions Private Limited (Get My Parking), engaged in parking technology which digitises parking industry. Sudhir Rao of IndusAge Partners led the investment from The Chennai Angels.Automotive customers now seek real-time solutions and a triangulation of location, service aggregation, payments and community shared feedback to delight their personal journeys with. The GmP team is driving towards a platform to delight its customers. Within eight months of commercial operations, they are at the cusp of servicing over a million transactions a month in the NCR region alone", said Rao.The rise in demand for parking space is crippling the urban infrastructure and causing needless congestion. "We believe only technology and data driven solutions can solve this chronic problem with efficient use of existing parking space." said Chirag Jain of Agile Parking Solutions Private Limited,Agile Parking Solutions .
TranServ raises $15 mn from IDFC SPICE Fund, Micromax, others
Firm will use the fresh capital for accelerating business growth and investing in new product lines
 "TranServ raises $15 mn from IDFC SPICE Fund, Micromax, others")
Meat-ordering service Licious raises Series A funding from Mayfield Mgt
Firm sources fresh chicken, lamb and seafood, and processes it before delivering at customer's doorstep within 90 minutes of order placement
 "Meat-ordering service Licious raises Series A funding from Mayfield Mgt")
Start-ups should have offices in suburbs to cut cost: CBRE
India had about 4,200-4,400 start-ups at the end of 2015 and the annual addition of start-ups is likely to grow by about 17% per annum
 "Start-ups should have offices in suburbs to cut cost: CBRE")
Ventureast announces '1-min Pitch Challenge' for entrepreneurs
To participate, entrepreneurs need to send in their elevator pitch that captures the uniqueness of their venture in a 60-second video
Funding of start-up slowing
Between January and March 2015, $465 million was raised by Indian start-ups. This year, funding has come down to $252 million
Start-ups eye car servicing, spare parts retailing business
GaadiFix and CARXPERT are at the forefront of offering original spares and authorised mechanics for cars that exhausted their warranty
 "Start-ups eye car servicing, spare parts retailing business")
Impact Chapter to facilitate $100 million investments to start-ups
Touted as Asia's biggest start-up conclave, in Hyderabad from April 13.
A rising number of start-ups reckon they'll never go public
Troubling starts for the recent IPOs of prominent unicorns have also weighed on sentiment
 "A rising number of start-ups reckon they'll never go public")
Start-ups in Solan? Tech hubs bloom in unlikely places
Many state governments are ready with policies to promote entrepreneurs, backed by funding plans
 "Start-ups in Solan? Tech hubs bloom in unlikely places")
Budget 2016: 5-fold hike for funding start-ups
For the next fiscal, government has increased the overall funding to startups from Rs 40 crore to Rs 200 crore
myGubbi.com raises $2.5 mn in seed funding
Angel investors include Vipul Parekh, co-founder of Big Basket, Ananda Kallugadde of NeoBytes and Rajesh K Murthy, EVP of Infosys
 "myGubbi.com raises $2.5 mn in seed funding")
Indian start-ups get back to basics
Investors tighten belts and revalue assets; greater degree of focus on generating cash and profit
MIT to hold global start-up workshop in Hyderabad
Start-ups from 70 countries to take part; 350 of the best start-ups will be chosen for the event from about 10,000 applications
8 things that start-ups expect from Budget 2016
Start-up entrepreneurs expect Finance Minister Arun Jaitley to focus heavily on policies that would help start-ups thrive and give a leg up to the economy
 "8 things that start-ups expect from Budget 2016")
Lendingkart partners with Craftsvilla for loans to sellers
Mumbai-based Craftsvilla has recently launched 'seller financing' program which has been providing a financing aid platform to their sellers
 "Lendingkart partners with Craftsvilla for loans to sellers")
Now, a clinic to offer legal advice to start-ups
As new age start-ups face legal hurdles, TiE-Bangalore launches 'legal clinic' to offer pro bono services