Page 18 - Startups In India

Ronnie Screwvala-led upGrad to hire 1,400 amid edtech sector turbulence

Signs up new leases for 335K sq ft space in Mumbai, Bengaluru, Pune and Noida

Balaji Srinivasan invests unknown sum in blockchain start-up Permissionless

Company to use the funds to scale the number of contributors on the platform, create more integrated productivity tools for borderless and asynchronous work

Mobility solutions provider Automovill raises Rs 2.15 cr in funding

Company offers services for car owner, has presence in 20 cities and caters to 150,000 customers

VC firm Quona Capital announces close of its third fund at $332 mn

Company has invested in more than 17 start-ups in India, has almost 30% of its global team in country

India's ambassador to US asks CEO of TAC Security to help start-ups

India's ambassador to US Taranjit Singh Sandhu has asked Trishneet Arora, Ludhiana-born 28-year-old founder and CEO of TAC Security, to help startups in India. Arora's prodigious cyber security skills are making a mark not just in India but even globally. "From Punjab to California! Good interaction w/ young entrepreneur @TrishneetArora, Founder & CEO @tac_security, leading cyber security firm," tweeted Sandhu after meeting Trishneet. According to Sandhu's tweet, they discussed cyber threats, technology and knowledge parternship and the importance of mentorship and skill development. Sandhu said he encouraged Arora to help startups in India including those in Punjab. Arora said, "He (Sandhu) was quite impressed with what we are doing at TAC Security and encouraged me to help entrepreneurs in India and Punjab, my native state." "I will certainly give back to my motherland in more ways than one," he said, adding that ambassador Sandhu is immensely concerned about the future of ...

India is becoming world's start-up capital: Microsoft India's Sangeeta Bavi

Start-ups going through ups and downs is a reflection of the economy and the market, says Bavi

India Space Congress enables startups to partner in $1.5 trn space economy

With a view to nurture the growing interest of deep space tech startups in India, India Space Congress, 2022 (ISC'22) announced a number of initiatives to showcase excellence

Several startups in India may lose their Unicorn status, says report

In total, around 105 start-ups in India attained the status of Unicorns between 2018 and 2022 but the active number of unicorns has now been reduced to 84

Start-up PickMyWork says will take up 500,000 gig workers in FY23

Gurugram-based company assists clients in getting customers, saving them cost and effort

We bet on startups catering to the middle of the pyramid: Arkam co-founders

In a Q&A, Bala Srinivasa and Rahul Chandra, explain why it is essential for any company today to service the Middle India market in the country's smaller towns in order to thrive

Start-ups tap venture debt to stay afloat amid funding winter, say experts

The venture debt market is becoming popular within the start-up ecosystem with a lot of new funds coming up and limited partners also showing their interest in financing such investments

Alteria announces first close of third venture debt fund at Rs 1,000 cr

The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors

Kaivalya Vohra: The Standford dropout who took startup ecosystem by storm

In an interview with Business Standard, Kaivalya Vohra talks about dropping out from Stanford and starting his venture, the current startup scenario and the future of quick commerce in India

Fireside Ventures announces $225-mn fund for investment in Indian startups

Venture capital firm Fireside Ventures on Wednesday announced closing of its third fund at USD 225 million or Rs 1,830 crore, which it plans to invest in Indian startups over a period of the next 10 years. The new fund is double the size of its previous fund. "We have closed out Fund III at USD 225 million which is about Rs 1,830 crore. We plan to invest Fund III in 25-30 startups in keeping with the Fireside thesis of digital-first consumer brands, across the spectrum of health and wellness, edutainment, lifestyle and FMCG," Fireside Ventures Partner Kannan Sitaram said here. According to Fireside Ventures, the market for D2C brands in India is set to touch USD 100 billion by 2025. Fireside Ventures has invested in 31 brands that include The Baker's Dozen, boAt, Mamaearth, Bombay Shaving Company etc. Launched in 2017, Fireside Ventures with the close of its Fund III has Rs 3,000 crore (USD 395 million) of assets under management. "The first fund had a corpus of Rs 340 crore and

D2C footwear start-up Yoho raises Rs 20 cr in pre-series A funding

Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards

Ready to talk with startups to address their concerns: Sitharaman

The government is ready to talk with the startups who are contemplating moving overseas and address their issues as much as it can to help them stay in India, Union Finance Minister Nirmala Sitharaman said on Tuesday. Prime Minister Narendra Modi, she told a think-tank here, has himself engaged with startups and the government's policies have created an enabling environment as a result of which there are more than 100 unicorns in India. I have engaged, the Prime Minister with the startups to know what they want from India. And we kept as much as possible addressing their concerns. Now as a result of which, not purely as a result of which, but also because of which, you saw your Unicorns coming to reach 100 in number within the year of 2020 and 2021, she said in response to a question at the prestigious Brookings Institute think-tank. I've heard this from others as well. They (startups) are moving to Singapore, they're moving to the UAE. Well, if they want to talk to the Government o

Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn

Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve

Flickstree raises $5 mn in pre-series B round led by Venture Catalysts

Flickstree is a content and marketing tech start-up that uses AI to create free branded video content; its data engine promote these videos, which keep churning transactions in auto-pilot mode

Govt to provide collateral-free loans to start-ups under CGSS framework

The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers)

CRED, upGrad, Groww on LinkedIn's 'Top Startups in India' list

Unified payment interface CRED, online higher education firm upGrad and investment platform Groww have topped the LinkedIn 'Top Startups List' for this year. CRED valued at USD 6.4 billion, topped the list of startups, followed by upGrad and Groww in the second and third place, respectively. This year's list also features new entrants, including e-grocery company Zepto (at the fourth place), full-stack car buying platform Spinny (7th), and insurtech startup Ditto Insurance (12th). Fitness platform Ultrahuman ranked 19th on the list, while organic food marketplace Living Food (20th) also debuted on this year's list by enabling consumers to lead a conscious and healthy lifestyle. The top ten startups on the list also include Skyroot Aerospace (5th), MBA Chai Wala (6th), The Good Glamm Group (8th), GrowthSchool (9th) and BluSmart (10th). According to LinkedIn, 13 out of the top 25 startups are based out of Bengaluru, the city affirms its reputation as the 'Silicon Valley of India'. "