Page 4 - Startup India
India's rich club grows to 1,103; Zepto's Kaivalya youngest in Hurun list
More than 82% of the billionaires on the list are above the age of 50, and only 0.6 per cent of the rich in the list are below the age of 30, said the Hurun India study
 "India's rich club grows to 1,103; Zepto's Kaivalya youngest in Hurun list")
IIT-K startup incubator chosen as lead coordinator of ASEAN India festival
The Start-up Incubation & Innovation Centre (SIIC), the technology business incubator at IIT Kanpur has been selected as the lead coordinator from India for the 'ASEAN-India Start-up Festival 2022'.
 "IIT-K startup incubator chosen as lead coordinator of ASEAN India festival")
Axis Bank eyes 10% stake in Go Digit life insurance business: Report
Axis is planning to take a 10% stake for around $9 million in the start-up's upcoming life insurance business, effectively valuing the business at $90 million
 "Axis Bank eyes 10% stake in Go Digit life insurance business: Report")
Why Bengaluru might get a 'unicorn' logo and where it might be placed
A unicorn logo. That's how Karnataka hopes to celebrate Bengaluru, a city that has the most number of startups and unicorns in the country
 "Why Bengaluru might get a 'unicorn' logo and where it might be placed")
Indian startups raised $6.9bn in the June quarter, down 33% sequentially
They raised $6.9 bn in Q2CY22 against $10.3 billion raised in Q1CY22; funding winter is a result of the market slowdown
 "Indian startups raised $6.9bn in the June quarter, down 33% sequentially")
Fintech startup Finvu AA raises $2.5 million in seed funding for expansion
Finvu AA will use the fresh funds to expand the team in engineering, and business development and enhance its product offerings
 "Fintech startup Finvu AA raises $2.5 million in seed funding for expansion")
Edtech startup Kreedo raises $2.3 million in pre-Series A funding
Founded in 2012 by husband-wife duo Mridula Shridhar and VK Manikandan, Kreedo is on a mission to change the way early learning is delivered in budget private schools and preschools
 "Edtech startup Kreedo raises $2.3 million in pre-Series A funding")
Sequoia India's Surge programme extends seed fund range up to $3 million
Surge startups have collectively raised over $1.5 billion in follow-on rounds
 "Sequoia India's Surge programme extends seed fund range up to $3 million")
Bengaluru ranks 5th globally for tech VC investments in 2022: Report
The city's tech firms have raised $7.5 bn in tech venture capital investment so far in 2022 - more than any other year previously
 "Bengaluru ranks 5th globally for tech VC investments in 2022: Report")
The rise & rise of Byju's: The edtech startup's journey explained
In this podcast, we explained the reasons behind Byju's rapid surge in valuation and funding and company's future plans to tap global markets. Tune in
 "The rise & rise of Byju's: The edtech startup's journey explained")
Agritech startup Otipy raises $32 million from investors to expand business
Agri-tech startup Otipy, which mainly sells fresh vegetables and fruits through its mobile app, has raised $32 million (Rs 235 crore) from investors including Westbridge Capital to grow its business
 "Agritech startup Otipy raises $32 million from investors to expand business")
udaan shipped over 260 mn products across 1000 cities of Bharat in 2021
In 2021, udaan witnessed a huge surge in business across essentials category adding over 300,000 new retailers and a repeat purchase rate of over 94 per cent.
 "udaan shipped over 260 mn products across 1000 cities of Bharat in 2021")
Budget 2022: Govt allocates Rs 283.5 cr for Startup India Seed Fund Scheme
In April 2021, the government rolled out the Startup India Seed Fund Scheme (SISFS), which aims to provide financial assistance to start-ups
 "Budget 2022: Govt allocates Rs 283.5 cr for Startup India Seed Fund Scheme")
Tech start-up body writes to FM seeking crypto tax provisions in Budget
The letter lists nine recommendations to regulate crypto companies in the country
 "Tech start-up body writes to FM seeking crypto tax provisions in Budget")
Betting early on multi-baggers: How Unicorn Ventures profit off start-ups
According to a PwC report, the Indian start-up ecosystem saw investments of over $10 billion in the third quarter of calendar 2021 from VCs
 "Betting early on multi-baggers: How Unicorn Ventures profit off start-ups")
Nykaa founder Falguni Nayar's wealth tops $6.5 bn after firm's listing
She's become India's wealthiest self-made female billionaire, according to Bloomberg Billionaires Index.
 "Nykaa founder Falguni Nayar's wealth tops $6.5 bn after firm's listing")
Decoded: What are the various types of start-up investors?
You hear about various kinds of fundraising - angel investments, series A, B, C, and more. And then there also are incubators, accelerators, PE-VC investors, etc. How do these differ from one another?
 "Decoded: What are the various types of start-up investors?")
GoKwik raises Rs 40 cr in pre-Series A round led by Matrix Partners India
The new investment will primarily be used for scaling up & establishing a footprint in MENA and SEA regions and hiring talent across tech, data, and product engineering
 "GoKwik raises Rs 40 cr in pre-Series A round led by Matrix Partners India")
Plant protein startup Proeon raises funding to tap multibillion-dollar mkt
The plant-based proteins sector is projected to reach nearly $200 billion by 2027
 "Plant protein startup Proeon raises funding to tap multibillion-dollar mkt")
Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge
Locad is part of Surge's fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better
 "Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge")