Page 35 - Startups In India

Best of BS Opinion: Unicorns coming of age, Punjab's real problem & more

Here's a selection of Business Standard opinion pieces for the day

Flipkart picks 8 finalists for startup accelerator program; $25,000 grant

The startups will now undergo a 16-week mentorship program and receive an equity-free grant of $25,000

Nao Spirits and Beverages raises $2 million led by existing investors

Nao Spirits and Beverages on Monday said it has raised USD 2 million (around Rs 15 crore) in a funding round led by existing investors, family offices and a boutique VC firm. The company which is into premium craft gin space has now raised a total of USD 5 million (over Rs 35 crore) since inception in 2015. The company however did not disclose the investors of this funding round. The fresh Series A investment is expected to be utilized for expanding to new markets in India in states like Rajasthan, Haryana, Assam, Arunachal Pradesh and Meghalaya along with new export markets, the company said in a statement. Besides, it will also be used for brand promotion and marketing efforts, it added. "It has further been heartening to receive a very tangible vote of confidence from our new and existing investors who have got behind us in this time which has proven to be challenging for most," Nao Spirits and Beverages Co-Founder & CEO Anand Virmani, said. The company will now be able to ste

Cosmetics startup Nykaa plans IPO, eyes $3 billion in valuation: Report

The cosmetics startup is backed by TPG

Hospitality firm Oyo raises Rs 54 crore from Hindustan Media Ventures

Hospitality firm Oyo has raised Rs 54 crore from Hindustan Media Ventures as part of Series F1 round

Urban Company's FY20 loss widens to Rs 155 cr, revenue doubles to Rs 263 cr

Urban Company saw its consolidated losses widen to Rs 155.17 crore in financial year 2020 on account of higher expenditure

Cred raises $81 million funding, undertakes $1.2 million buyback plan

This gives the fintech firm a post-money valuation of $806 million (about Rs 5,883 crore)

DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors

The company has successfully targeted India's fast-growing, mid-income demographic of 500 million new-to-internet users

Foreign funds colonising Indian startups: Naukri.com founder Bikhchandani

Naukri.com and Zomato investor said foreign funds are the new East India Company that are colonising successful Indian startups by transferring ownership abroad to skip Indian regulations and taxes

Amidst Pandemic Mahesh Jadhav, a Tech Entrepreneur holds accountability to encourage youth for Internet Startups

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Developing ecosystem for setting up 10,000 start-ups: Uttar Pradesh govt

Uttar Pradesh has created a Rs 1,000 crore 'Star-tup Fund' with Small Industries Development Bank of India

Six Indian startups that beat the pandemic to become unicorns this year

Three unicorns have emerged in fintech space and one each in software, edtech and beauty space. A unicorn is a privately held startup that is valued at $1 billion or more

Chargebee, start-up that helps companies in billing, raises $55 mn

Insight Partners led the financing round, with existing investors Steadview Capital and Tiger Global joining in. The nine-year-old start-up has raised $105 million to date

Indian unicorns diversifying to newer biz segments ahead of mega-IPO plans

A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans

Parliamentary panel bats for abolishing LTCG on startup investments

This should apply to investments made through collective investment vehicles such as angel funds, alternate investment funds and investment LLPs

Ronnie Screwvala's upGrad aims to take higher education offerings overseas

upGrad has earmarked Rs 500 crore for investments in the next 18-24 months for its overseas expansion

Reverie: Startup that helps firms connect with users in Indian languages

Reverie is a full-stack Indian-language product and technology company with several tools to create content, conversion of speech to text and text to speech

Govt launches new Aatmanirbhar Bharat schemes to support MSMEs, start-ups

The Centre on Wednesday launched the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme to support MSMEs and start-ups for making India innovative, resilient, tech-driven, and research and development (R&D)-oriented. The Niti Aayog's Atal Innovation Mission (AIM), in collaboration with ISRO and four ministries, will focus on challenges in 15 sectors through the programme. "This support for MSMEs (micro, small and medium enterprises) and start-ups in product development would make India innovative, resilient, tech-driven and R&D-oriented," Niti Aayog CEO Amitabh Kant said at the launch of the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme. He added that the programme provides a great opportunity for the government to become the first buyer of indigenous Made in India technology solutions. Kant also expressed hope that the Atal Innovation Mission, through the ARISE-Atal New India Challenges, will help in breaking new ground and this will be a ...

Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments

Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares

Unacademy is like the Netflix for live education: CEO Gaurav Munjal

In an interview with Samreen Ahmad and Bibhu Ranjan Mishra, Gaurav Munjal of Unacademy says the Covid-19 pandemic may have shortened the time the company has taken to achieve $1.45 billion valuation