Page 35 - Startups

Indian venture debt platform 8vdX expands to UK, Singapore and Australia

An Indian technology-enabled venture debt platform for early stage start-ups on Wednesday announced its expansion to the UK market. 8vdX said its aim is to offer cross-border venture debt, or a type of finance, to start-ups through local entities in the new geography. By 2024, 8vdX said it aims to fund 100 start-ups with assets under management (AUM) of USD 200 million and also has plans to expand to other countries such as Singapore and Australia. We are delighted to announce the expansion of our operations in key markets like Singapore, UK and Australia within just eight months of launching 8vdX, said Ravi Chachra, Co-Founder of 8vdX. We aim to offer a cross-border venture debt solution to the start-ups in these countries so that founders can spend more time on their businesses and less time on chasing small ticket investors. Start-ups do not require the flip' process in order to raise cash. "We are working to solve a significant problem that start-ups and rapidly expanding ...

Logistics unicorn Ecom Express sets up warehouse to serve Bengaluru

Fulfilment centre will create close to 1000 direct and indirect jobs, says company

India holds world's highest rate of recognising start-ups per day

Currently, there are 75,000 start-ups in the country, which coincides with the 75th year of independence

Wealth management platform Dezerv raises $21mn in series A led by Accel

Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor and so far seen more than Rs 800 crore invested through the platform

Indian Bank inks MoU with SRM University in Andhra to lend up to Rs 50 cr

This collaboration will further strengthen the MSME sector, stated University Registrar Dr. R Premkumar, signing the MoU.

How a celebrity CEO's rule of fear helped bring down hot startup Zilingo

The story of how globetrotting tech star Ankiti Bose built and lost one of Asia's most vaunted startups

Indian start-ups' road to profitability

Indian startups are shedding the extra flab put on during the days of easy money. Layoffs and cost restructuring are the only way out for them now. They are shifting from growth to profitability now

Fintech start-up Credit Fair raises $10 million in debt and equity

Founded in 2018, the company aims to drive financial inclusion by offering customised lending solutions to under-served business and consumer segments

India home to as many as 75,000 start-ups, says Piyush Goyal

In a tweet, the Commerce and Industry Minister said "These numbers tell the power of a vision. A vision to see innovation & enterprise drive growth"

Tiger Global and SoftBank trim investments in India by over a third in 2022

Start-ups feeling the heat, but funds like PremjiInvest increasing exposure

Startup style: the smart way of dressing up is to rent your clothes

Lease designer and premium brands from companies that offer attire you can return after wearing for a while

Rural fintech firm Jai Kisan raises $50mn as debt, equity in funding round

Startup says it will use the financing to expand product suite and improve customer experience

Funding winter hits start-up advertising spend across properties

Start-ups, internet firms accounted for 13% of overall advertising expenditure in 2021

Travel technology firm Spotnana raises $75 mn in Series B funding round

Spotnana said the Series B funding will help it in hiring and promoting its Travel-as-a-Service Platform

Children's shopping platform Bundle O Joy raises Rs 3.9 cr in funding

Founded in February 2022, Bundle O Joy helps parents to find products in apparel, footwear, toys, books, and accessories

Start-ups collaborate with chemists, shake up offline pharma business

Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies

Edtech startup Creative Galileo raises $7.5 million in Series A funding

The latest round brings Creative Galileo's total funding to $10 million, including a pre-series A round of $ 2.5 million announced in October 2021

FitterFly raises $12 mn in series A funding led by Amazon Smbhav, Fireside

The funds raised will be used to increase Diabefly's reach, their digital therapeutics and clinically-proven programme to prevent, manage and reverse diabetes

First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups

First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage

India's start-up story is intact, innovation vibrant: HCL Tech CEO

Vijayakumar asserted that the company is "on a good upcycle", and will use multiple levers to mitigate the challenges around margins