Page 25 - Startups In India

Rattle raises $2.8 mn in seed round led by Lightspeed and Sequoia Capital

Angels such as Amy Chang (EVP, Cisco & Disney board member), Ellen Levy (investor in Outreach), Jake Seid (investor in Brex & Carta), and Krish & Raman (Chargebee founders) also participated

India to China: Where investors managing $3 trn are putting their money

Institutional investors recommend heightened caution and warn of a difficult recovery ahead for the world.

Sportswear D2C brand Elevar raises Rs 19 cr from Kalaari, Dream Capital

The company, a direct-to-consumer sports brand that makes cricket bats, athletic performance footwear, will utilise funds towards expanding its product portfolio, increasing its marketing efforts

D2C sports brand Elevar raises funding from Kalaari, Dream Sports

The company will utilise the funds towards expanding its product portfolio, increasing its marketing efforts, and building out its team.

Nazara Technologies acquires OpenPlay for Rs 186.4 crore

Nazara Technologies on Friday said it has acquired Hyderabad-based OpenPlay for Rs 186.41 crore

Hike raises undisclosed amount, led by Tinder co-founder Justin Mateen

This latest round of funding will be deployed to expand Hike's product strategy along with enabling high-quality hiring across functions

Indian startups raise $16.9 bn VC funding in 2021, next only to China

Indian startups got USD 16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, GlobalData said Friday. "Despite the third wave of COVID-19 pandemic looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian startup ecosystem. In fact, Indian startups stood next only to Chinese counterparts in terms of VC funding value among the APAC countries during January to July 2021," the leading data and analytics company said. An analysis of GlobalData's financial deals database reveals that a total of 828 VC funding deals were announced in India during January-July 2021 while the total disclosed funding value of these deals stood at USD 16.9 billion. Some of the notable VC funding deals announced in India during January-July 2021 include USD 3.6 billion raised by Flipkart, USD 502 million raised by Mohalla Tech (ShareChat), Zomato's capital raising of around USD 500 million,

Every rule, process that is a hindrance must go: Modi on Independence Day

Outdated laws that make doing business in the country difficult should be scrapped, he says.

VerSe Innovation raises $450 mn in Series I funding from global investors

VerSe Innovation's proprietary technology platform serves one out of every two internet users in the country

Robotics firm Miko raises $28 mn from existing and new investors

The new funds will be used to fund product development and strengthen global alliances as the company builds a strong global brand.

Slurrp Farm, two others to get $50,000 from Amazon's accelerator

A panel evaluated the entries on a variety of parameters including business idea, scalability and strength of the business plan

Doxel raises $40 mn in Series B funding from Insight Partners, others

The funding would help Doxel to accelerate recruiting across its engineering, sales, marketing and product teams

Blue Tokai raises Rs 17 cr in pre-series B bridge round led by Anicut Angel

The company started out selling its specialty coffee online and via B2B partnerships; then sought to provide the complete coffee experience through cafes

Cloud-garage startup Fixcraft raises $1 million in pre-series A round

The brand has already serviced 3,500 customers till date and plans to double the number by the end of the financial year 2021-22

Messaging firm Gupshup raises $240 mn from existing and new investors

This funding round follows the $100 million raise from Tiger Global in April, at a $1.4 billion valuation. Gupshup's valuation remains unchanged post the current round

Flipkart Ventures, Tiger Global invest in Thrasio-style venture G.O.A.T

G.O.A.T was founded by Rameswar Misra and Rishi Vasudev, a veteran retail executive, who previously headed Flipkart's fashion business.

Bizongo scales to $150 mn in annualised revenue, nears profitability

Bizongo is backed by investors such as Schroder Adveq, CDC Investment, AddVentures, Chiratae Ventures, IFC, Accel and B Capital Group

16 unicorns, $11bn funding: Indian startups rise sans Chinese money

The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.

Droom founder, family office to invest in 10-12 startups every year

Droom founder Sandeep Aggarwal and his family office have invested over Rs 25 crore in 18 startups, they are looking at backing about 10-12 companies a year in startup ecosystem

Zomato IPO subscribed 38 times, generates demand worth over Rs 2 trillion

Nearly three-fourth of bids came from institutional investors, with QIB portion garnering 52x subscription