Page 27 - Startups In India
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?")
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
 "Ronnie Screwvala's edtech startup upGrad eyes a global learning curve")
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
 "Arora to Damera: Young promoters of start-ups enter India's rich list")
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
 "Niche businesses take centre stage with $20 bn in unicorn funding this year")
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.
 "Edtech firm Creative Galileo gets $2.5 mn in funding led by Kalaari Capital")
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
 "Social commerce startup Meesho raises $570 mn, valuation doubles to $4.9 bn")
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.
 "AWS, MeitY Startup Hub collaborate to support growth of startups 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
 "Unacademy, Udaan, CRED top startups in India, finds LinkedIn survey")
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
 "Startup Ayu Health raises $6.3 mn in funding for expanding services")
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
 "Apna acquires unicorn status after $100 mn fundraise led by Tiger Global")
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
 "Adloid eyes four-fold jump in revenue; plans to hire from IITs, IIMs")
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.
 "CollegeDekho raises $26.5 mn funding from Winter Capital, ETS, Man Capital")
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
 "Voice AI company Skit raises $23 mn in Series B led by WestBridge Capital")
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
 "Startups playing key role in enhancing India-US ties: Ambassador Sandhu")
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
 "Rattle raises $2.8 mn in seed round led by Lightspeed and Sequoia Capital")
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.
 "India to China: Where investors managing $3 trn are putting their money")
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
 "Sportswear D2C brand Elevar raises Rs 19 cr from Kalaari, Dream Capital")
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
 "Nazara Technologies acquires OpenPlay for Rs 186.4 crore")