Page 29 - Startups In India

Dream11 parent touches $5-bn valuation after $400-mn secondary fund raise

This is the largest investment in the Indian sports tech ecosystem to date

Startup Voiro raises $1.8 mn in investment round led by Mela Ventures

This is Mela Ventures' third investment since its first close of the fund in August 2020

IPV leads seed round in FMCG startup Happy Jars

The startup currently has a turnover of Rs 2 cr in the Rs 250-crore market

D2C fashion brand Bewakoof raises Rs 30 cr from IvyCap Ventures

Direct-to-consumer (D2C) fashion brand Bewakoof on Thursday said it has raised Rs 30 crore from IvyCap Ventures. The fresh proceeds would help the company in the growth journey towards a Rs 1,000 crore company by financial year 2024, it said. "Bewakoof has raised Rs 30 crore from IvyCap Ventures Trust Fund II. The fresh infusion has come 10 months after their previous fundraise. Last year, Bewakoof had raised Rs 8 crore in May 2020 after raising from Investcorp in October 2019," the company said in a statement. Bewakoof intends to invest the funds in enhancing customer experience, technology and newer product categories as it prepares for the next phase of growth. Founded in 2012, Bewakoof claims to have registered revenue of over Rs 200 crore in financial year 2019. Due to the pandemic, the company expects revenue to be 30-35 per cent lower than pre-COVID numbers, but with better unit economics than the previous year. Bewakoof is backed by institutional investors like Investcorp

Cashify announces ESOP buyback plan worth $1 million for employees

Cashify is a re-commerce marketplace that sells and buys used electronic gadgets

Startups to gain as investment rules ease for pvt domestic pension funds

Indian capital has yet played a small role in the growth of domestic startups, but that could change after the ministry freed alternative investment funds

India got VC investments worth $10 bn last year, 7,000 new startups: report

Consumer tech and SaaS saw 'continued momentum' despite lockdowns to contain Covid-19, says report.

B2B startup Udaan sees demand for electronic products rising in lockdowns

400 sellers clocked sales worth Rs 1 crore each on website for gadgets last year, says company

Ratan Tata-backed startup Generic Aadhar launches pharmacy aggregator app

The startup procures generic medicines from around nine major pharmaceutical manufacturers

Ed-tech firm Vedantu to hire 2,500 people in next 3 months

Ed-tech platform Vedantu on Tuesday said it aims to hire 2,500 employees in the next three months across the board

Startups to drive India's quest for a chunk of small satellite launch pie

Frugal innovations by the Indian startup community are bringing down the cost of launching small satellites into space

Explained: How open-source software is powering India's startup ecosystem

Using open-source software gives startups the access to a powerful community and better tools

India's food-tech start-ups adding exciting new flavors to home-cooking

An entire section of working professionals, students and even senior citizens are dependent on home food service providers for their daily meals

Infra.Market becomes India's latest unicorn after $100-million fundraising

The company seeks to offer an enhanced procurement experience to players in the construction ecosystem.

MediBuddy raises $20mn funding from India Life Sciences Fund III, others

The firm raised $20 million (about Rs 145 crore) earlier this month from India Life Sciences Fund III, LLC and others

Sharp rise in Micro VC investments as 566 startups get $341 mn in 3 years

With the startup ecosystem blooming in India, the number of such funds rose from 29 in 2014 to 88 funds last year

Isro on a mission to give leg-up to start-ups in space sector

ISRO has embarked on a mission to take startups in the space sector to a higher orbit with a string of initiatives to help them realise their business potential. It is keen on formulating an exclusive space startup programme -- "Space Entrepreneurship & Enterprise Development (SEED)", Secretary in the Department of Space and Chairman of the Indian Space Research Organisation (ISRO) K Sivan said. SEED is conceived as a competitive early stage encouragement programme to startups and MSMEs (Micro, Small, Medium Enterprises) keen on developing products/services in focus areas of interest to ISRO with the space agency helping them to use its facilities, officials said. A formal mechanism for the programme was expected to be announced soon, they said. With recent reforms opening up doors for enhanced private sector participation in the space sector, ISRO is thrilled to receive several proposals from industries and startups, Sivan said. "These proposals reflect the true ...

Indian Bank signs MoU with IISc initiative to fund start-ups, MSMEs

State-owned Indian Bank on Friday said it has entered into an MOU with Society for Innovation and Development (SID), an initiative of Indian Institute of Science, for extending exclusive credit facility to Start-ups and MSMEs. This initiative is a part of the Banks scheme Ind Spring Board for financing Start-ups and will empower Start-ups and MSMEs to realise their research efforts powered by financial support from the Bank and backed by incubation facilities offered by SID, it said in a release. The Bank will extend loans of up to Rs 50 crore to these start-ups for their working capital requirements or for purchase of machinery, equipment etc, it added. Stating that SID is the forerunner in setting up joint R&D with industries and supporting start-up incubation, the bank said, it provides support to the MSME sector by providing joint research and development arrangements and technical and financial support for incubation and acceleration of high-end technology ...

35 Indian enterprises make it to the first Startup Bridge Canada programme

SBC will run a six-week Canada access market programme; 50 mentors from Canada onboarded for the programme

Logistics firm Shiprocket raises Rs 200 crore in series C funding round

Investors included Silicon Valley based venture capital firm Tribe Capital