Page 23 - Startups In India

Growth School raises $5 mn led by Sequoia Capital and Owl Ventures

The startup plans to venture into newer markets and as part of that foray, also explore metaverse for education

Embedded finance start-up Falcon eyes $30 million revenue by March 2023

Full-stack issuance platform backed by a syndicate of global marquee investors

Over 2,250 startups added in 2021, raised $24.1 bn: Nasscom-Zinnov report

More than 2,250 startups were added in the year 2021, over 600 more than what was added in the previous year, a report by Nasscom and Zinnov said on Friday. The study titled 'Indian Tech Start-up Ecosystem: Year of The Titans' said with rising investor confidence, startups leveraging deep-tech, and tapping unexplored talent pool, the Indian tech startup base continues to witness steady growth. As per the report, startups raised USD 24.1 billion in 2021, a two-fold increase over pre-COVID levels. In comparison to 2020, there was a 3X increase in number of high-value deals (deals more than USD 100 million), demonstrating investor confidence with a pool of active angel investors of more than 2,400 and a readiness to take significant risks, it said. While the US remains the leading source of foreign direct investment in startups, worldwide involvement is also growing. About 50 per cent of the deals had at least one India-domiciled investor, it added. The report said the startup ecosys

Govt taking significant steps to boost startup ecosystem: Piyush Goyal

The government is taking significant steps such as resolving the angel tax issue, simplification of tax procedures, and self-certification, Commerce and Industry Minister Piyush Goyal said on Friday.

Why Indian drone startups are lagging behind in the fund-raising race

Industry players say that investors tend to shy away when the govt is the largest customer for a small company. But that is just the tip of the iceberg

India racing to 100 unicorns mark, National Start-up Day on Jan 16th: Modi

Prime Minister Narendra Modi interacted with over 150 start-ups today

January 16 to be celebrated as 'National Start-up Day': PM Modi

India is going to celebrate January 16 as "National Start-up Day", the Prime Minister's said on Saturday

Why VCs are backing newer EV start-ups despite the OATS phenomenon

Early-stage funding in the segment rose almost three times to $74 million in 2021 compared to the previous year

Diamonds in the dust: As we enter a new year, let's recall some positives

While some would just be happy that 2021 is coming to an end, T N Ninan lists six things - from sports to stock markets and entrepreneurial talent - that India could look to in the new year

Instoried's Sharmin Ali expects 2022 to be the year of 'empathetic content'

Instoried founder & chief executive Sharmin Ali shares the story of Instoried, the need for AI-driven content marketing and the use of NLP

Has 2021 been a watershed moment for India's e-commerce industry?

New forms of online distribution and business models like live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech and D2C roll-up have made their mark this year

Unbox Robotics raises $7 mn in funding from 3one4 Capital, others

Supply chain technology company Unbox Robotics on Wednesday said it has raised USD 7 million (about Rs 53 crore) in funding led by 3one4 Capital. The Series-A funding round also saw participation from Sixth Sense Ventures and Redstart Labs (Info Edge) and Unbox Robotics' founders Pramod Ghadge, Shahid Memon and its CPO Rohit Pitale, a statement said. Existing investors - US-based venture capital firm SOSV, Arali Ventures, WEH Ventures, BEENEXT, Karthik Bhat's Force Ventures, Vijay Kedia (Kedia Securities), Aditya Singh (Stride Ventures) and Pavitar Singh (Sprinklr) as well as Rahul Chaudhary (Treebo Hotels), Nikhil Vora and Kathan Shah (Sixth Sense Ventures), and Veda VC also participated in the funding. The funds raised will be mainly used to expand the team across functions, fulfil the customer demand internationally, R&D and expand to new geographies, it said. The company said it has already onboarded some of the largest e-commerce and logistics enterprises as early adopters ..

Advent takes majority stake in digital engineering services company Encora

Warburg Pincus, the present majority shareholder of Encora, would retain a minority stake

Experiential learning app Practically raises $5 mn in strategic investment

The experiential learning app will leverage these investments to expand its operations across India, Middle East and SouthEast Asia

Flipkart's Shopsy eyes largest grocer tag, rolls out services in 700 cities

Shopsy would leverage Flipkart's grocery supply chain infrastructure and tech capabilities to provide consumers access to an expansive range of products to over 5,800 pincodes

This Odisha-based IT Startup has grown from NIL to 3 Crores Revenue in just 3 Years.

A 1st Generation Company With Young & Dynamic Team Members.

CoinDCX, India's first crypto unicorn, plans IPO 'as soon as' govt allows

Indian regulators have gone back and forth on their stance toward the burgeoning crypto industry.

Park+, app for car users, raises $25 mn from Sequoia, Matrix, Epiq

The platform helps in parking, FASTag management, car insurance and vehicle-access control systems, among other services.

SaaS platform Zvolv raises $1.5 mn, will use fund to expand business

The funding round was led by JSW Ventures, a technology-focused venture capital fund.

CEO Tarun Mehta on how Ather achieved $100-mn revenue run rate in a year

How did Ather Energy achieve $100-million annual run rate in less than a year? Its CEO Tarun Mehta discusses answer this and other questions in this exclusive interview with Surajeet Das Gupta