Page 24 - Startups In India

Nykaa IPO: How Falguni Nayar proved it's never too late to start up

From leading IPOs as an investment banker to launching one herself at 59, Nykaa's Falguni Nayar has broken all templates. We look at how she became one of India's most successful entrepreneurs

Top headlines: Zomato to invest in startups, Musk sells $1 bn in shares

Goldman Sachs is set to plow at least $30 billion into Asian alternative assets. More on that story in our top headlines this morning.

PharmEasy parent files for IPO; looks to garner Rs 6,250 crore

The issue will comprise only primary share sale

SoftBank-backed Meesho most downloaded e-commerce app globally in Oct

It was the only Indian company and e-commerce platform to feature among the 10 most-downloaded non-gaming apps worldwide

Cactus Venture Partners plans to invest $100 mn in start-ups over 3 years

Cactus Venture Partners is planning to invest USD 100 million, mostly in start-ups based in India, over the next 3 years. Cactus Venture Partners founder and General Partner Anurag Goel told PTI that the company will invest between pre-Series A to B funding rounds. The venture capital company aims to invest USD 100 million in fast-growing direct-to-consumer (D2C) brands and technology start-ups. "Almost all of our investments will be in Indian start-ups but we will look closely for those companies that can leverage our networks to grow and expand internationally," Goel said. Cactus Venture Partners (CVP) portfolio includes Auric, an Ayurveda brand targeting millennials; AMPM, a global lifestyle brand with a modern Indian aesthetic, and Vitraya Technologies, a business-to-business service-as-a-product player that functions at the intersection of health technology and insurance technology. Last month, the fund had announced an investment of around USD 1 million in Rubix Data Science

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?

Ronnie Screwvala's edtech startup upGrad eyes a global learning curve

The company wants to be among the world's top six edtech companies by 2025. Here's how it plans to get there

Arora to Damera: Young promoters of start-ups enter India's rich list

Among the unicorns entering the list for the first time, the most notable names are BrowserStack's promoters

Niche businesses take centre stage with $20 bn in unicorn funding this year

Startup sectors like specialty e-commerce, enterprise subscription software and standalone business models are attracting funds and higher valuations

Edtech firm Creative Galileo gets $2.5 mn in funding led by Kalaari Capital

Kalaari Capital's investment came from CXXO, an initiative to promote female founders in India's start-up ecosystem.

Social commerce startup Meesho raises $570 mn, valuation doubles to $4.9 bn

India's unorganised retail sector, worth an estimated $792 billion, is set for the next wave of growth

AWS, MeitY Startup Hub collaborate to support growth of startups in India

Amazon Internet Services Pvt Ltd (AISPL) on Friday said it has inked an agreement with MeitY Startup Hub to promote technology innovation and the sustainable growth of start-ups in India.

Unacademy, Udaan, CRED top startups in India, finds LinkedIn survey

With these top three unicorns, nearly 60 per cent of the 2021 LinkedIn Top Startups India List are based out of Bengaluru

Global Innovation Index: Startup ecosystem propels India into top-50

New enterprises have helped India overcome inadequate govt R&D as well as innovation infrastructure. India now has the third highest number of startups in the world, after the US and UK

Startup Ayu Health raises $6.3 mn in funding for expanding services

Ayu got the Series A financing from Vertex Ventures and Stellaris Venture Partners

Apna acquires unicorn status after $100 mn fundraise led by Tiger Global

Owl Ventures, Insight Partners, Sequoia Capital India, Maverick Ventures and GSV Ventures also participate. With this, Apna has a total valuation of $1.1 billion

Adloid eyes four-fold jump in revenue; plans to hire from IITs, IIMs

Augmented reality startup Adloid expects a four-fold jump in revenue to $4 million this fiscal, and plans to hire about 120 employees

CollegeDekho raises $26.5 mn funding from Winter Capital, ETS, Man Capital

CollegeDekho on Wednesday said it has raised USD 26.5 million (about Rs 200 crore) in an ongoing funding round, led by Winter Capital Partners, ETS Strategic Capital and Calega.

Voice AI company Skit raises $23 mn in Series B led by WestBridge Capital

This follows a Series A round last May, led by Exfinity Ventures and Kalaari Capital, AngelList. The latest funding brings the startup's total raise to $30 million

Startups playing key role in enhancing India-US ties: Ambassador Sandhu

India has a unique startup ecosystem and there has been a significant push from the current government to encourage entrepreneurship, the country's Ambassador to the US Taranjit Sandhu said