Page 36 - Startups In India

Venture Catalysts raises Rs 100 cr for investing in over 100 startups

Angel investor Venture Catalysts (VC) on Tuesday said it has raised Rs 100 crore for a new fund which will invest in over 100 Indian startups. The '9unicorns Accelerator Fund' of VC is built along the lines of Silicon Valley's accelerator fund Y Combinator's strategy which has over 2,000 investments. This is the first close of Rs 100 crore or USD 14 million for the fund, which will focus on identifying startups early and would prefer to be the first external investor in a company's journey, a company statement said. VC's founding team members Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain and Gaurav Jain are the founders for the fund, it said. There's no better time to bet on Indian entrepreneurs than today. We are witnessing a surge in startups who are focused on solving Indian and global problems born out of various parts of India, Sharma, who was an early investor in Oyo Rooms, said. Most startups struggle to raise their first round of funds in India and have to mostly rely on

Accel wants to democratise access to knowledge for startup community

Accel's SeedToScale platform aims to share highly-curated insights, networks and playbooks from founders, investors and operators with the startup founders

IndiaFilings to launch 10,000 start-ups under 'Aatmanirbhar Bharat' mission

The government has streamlined various services and simplified the forms to make same-day incorporation of the company possible 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