Page 35 - Startups In India

India is home to 21 unicorns, collectively valued at $73.2 billion

Eleven of these are backed by three Chinese investors

India's aerospace start-ups eye rocket launches and planetary missions

Private firms being allowed to build facilities and work within Isro's premises will throw big opportunities for country's aerospace startups

Milk Mantra raises $10 million from US-based DFC, gets tech package too

The dairy start-up has cumulatively raised Rs 300 crore, which will be largely invested in Odisha to empower local dairy farming community and create indirect jobs

Indian start-ups funded by Chinese investors hit Great Wall of uncertainty

"With the latest escalation, my apprehension is that investments into sensitive sectors may be subject to deeper inspection by the government," said Atul Pandey, a partner at law firm Khaitan & Co

Postman secures $150 mn in Series C investment, valuation crosses $2 bn

A leading platform for API, Postman has received $150 million funding in a round led by Insight Partners.

Chennai-based start-up developing Covid-19 remedy, plans to test in US

Patent application filed in India, firm hopes to bring product out in three years

Adar Poonawalla-backed startup h2e Power acquires Swiss company Hexis AG

The Viessmann Group is one of the largest integrators of heating systems in Europe

Battling Covid-19: Start-ups chip in to resolve India's ventilator crisis

Domestic firms are also sourcing ventilator parts from within the country to manufacture ventilators at a much lower cost

Before change in FDI rules, Chinese invested millions in Indian tech firms

Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies

US-based Accel invests $2 mn in source-to-pay solution provider Aavenir

Aavenir's source-to-pay solution offers integrated products for contract lifecycle management, for sourcing management, and more

Robots to stethoscope: Institutes, start-ups develop tech to fight Covid-19

IIT Roorkee and Kanpur have developed low-cost portable ventilators

Hit by Covid-19 lockdown, start-ups and SMEs seek slew of sops from Govt

29,000 od participants in a survey offer a variety of responses, from one-time grants, to 50% staff pay reimbursements to two-year interest free loans

Shuttl plans salary cuts and lay-offs amid coronavirus lockdown

In mail to employees, co-founder and CEO Amit Singh stated that he and co-founder Deepanshu Malviya were taking a 50 per cent salary cut

Online lender Vivriti Capital raises Rs 350 cr in series B funding

The latest round takes total equity raised by the start-up to $100 million

Ixigo invests in gogoBus mobility startup, enters bus-booking segment

With this investment, Ixigo has entered the bus booking segment. Earlier, it had flight, trains, and hotels bookings. For gogoBus, this provides access to a ready user base.

Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai

Qure.ai will use the capital to drive geographical expansion, expand product portfolio in two more areas

India's IT giants see product-led growth strategy as next big opportunity

Once seen as pure-play services players, Indian IT firms are slowly building up their own product and platforms in order to better serve their clients

Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital

The deal comes in the background of growing popularity of audio platform, including local ones

PE, VC investments in India grew 28% to $48 billion in 2019, says EY data

Buyouts recorded the largest increase of 56 per cent in terms of value ($16.2 billion in 2019 against $10.4 billion in 2018)

Budget 2020: DPIIT seeks more funds to boost infrastructure in hinterland

The government had severely cut down on expenditure in this area, with the 2019-20 (FY20) Budget providing Rs 909 crore, down from the RE of Rs 1,707 crore in the earlier one.