Page 34 - Startups

At $2.7 billion, startup funding in India at 2-year low in Q3: PwC India

The startup funding activity declined to $2.7 billion in Q3CY22 from $6.6 billion in Q2CY22

Fireside Ventures announces $225-mn fund for investment in Indian startups

Venture capital firm Fireside Ventures on Wednesday announced closing of its third fund at USD 225 million or Rs 1,830 crore, which it plans to invest in Indian startups over a period of the next 10 years. The new fund is double the size of its previous fund. "We have closed out Fund III at USD 225 million which is about Rs 1,830 crore. We plan to invest Fund III in 25-30 startups in keeping with the Fireside thesis of digital-first consumer brands, across the spectrum of health and wellness, edutainment, lifestyle and FMCG," Fireside Ventures Partner Kannan Sitaram said here. According to Fireside Ventures, the market for D2C brands in India is set to touch USD 100 billion by 2025. Fireside Ventures has invested in 31 brands that include The Baker's Dozen, boAt, Mamaearth, Bombay Shaving Company etc. Launched in 2017, Fireside Ventures with the close of its Fund III has Rs 3,000 crore (USD 395 million) of assets under management. "The first fund had a corpus of Rs 340 crore and

Unicorns feel funding winter chill, see fall in numbers: Hurun global index

The valuation firms like Quikr, Paytm Mall, have dropped below $1 billion. Shopclues and Blinkit were acquired for a fraction of their billion-dollar valuation

D2C footwear start-up Yoho raises Rs 20 cr in pre-series A funding

Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards

Govt to provide collateral-free loans to start-ups under CGSS framework

The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers)

Mumbai Angels raises $ 2mn funding for recruitment automation start-up

TurboHire ensures accuracy in candidate selection and reduces the cost and time spent on hiring

Agritech start-up Falca raises $3 mn in funding for expanding business

Company enables farmers to sell their products directly to consumers without extra costs like logistics, packaging

Secretive Chinese chip startup may help Huawei circumvent US sanctions

The Chinese technology giant is providing support to a startup in its hometown of Shenzhen that has ordered chipmaking equipment -- including from foreign suppliers -- for a semiconductor manufacturin

President Murmu to launch start-up platform for women entrepreneurs

President Droupadi Murmu will launch a start-up platform for women entrepreneurs created by Gujarat University here on Tuesday. On the second day of her two-day visit to Gujarat, the president will also inaugurate or lay foundation stones of various projects related to education and tribal development at a function at Gujarat University. 'Her Start' is an initiative of the varsity for women entrepreneurs. Murmu is on her first visit to Gujarat after becoming president. On Monday she inaugurated or laid foundation stones of projects worth Rs 1,330 crore at a function in Gandhinagar. She also offered a floral tribute to Mahatma Gandhi at Sabarmati Ashram.

Google launches circular economy accelerator for Asia-Pacific start-ups

Applications for the program are open from October 4 to November 14 this year and the program will commence in February 2023

Google Accelerator to support 20 women-led start-ups in first cohort

Firm will focus on subjects like access to networks and capital, hiring challenges and mentorship, which for a variety of reasons, prove challenging for female founders

India is where climate tech meets global venture capital

The country's post-Covid resurgence has been backed by better roads and infrastructure, and a manufacturing turnaround

IT giant HCL acquires majority stake in vernacular edtech platform GUVI

IT major HCL said it has acquired a majority stake in vernacular edtech platform GUVI -- one of the few companies in India to partner with Elon Musk's 'OpenAI' initiative -- for an undisclosed sum

Yasasvi Malka- The young edupreneur mentoring the next generation of startup enthusiasts

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Future of learning: Edtech start-ups' hybrid tilt to lure students

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions

Happilo: Farmer's son and a nutty biz selling good health in small packs

Vikas Nahar's enterprise does Rs 40 cr a month on average, selling exotic and local nuts processed at 16,000 sq ft of processing space that he now plans to scale up by another 100,000 sq ft

Insurtech start-up Zopper raises $75 million in series C funding

Currently, there are 57 insurance companies in India- 24 in the life insurance sector and the others in non-life insurance businesses

DotPe raises $58 mn in series B, plans entry into financial services

The firm currently serves over 7.5 million brands including McDonald's, 24 Seven and Taco Bell

DotPe raises $58 mn in series B funding; to foray into financial services

Gurugram-based offline-to-online commerce platform DotPe on Monday said it has raised $58 million in its series B funding round led by Temasek

Breaking ground and filling the gaps

Unfortunately, not all states are equally upbeat about agri-start-ups and the role they can play in the development of the agri-rural sector