Page 39 - Startups

Why VCs are still backing Indian startups despite growth stocks crashing

Singapore, June 6 (ANI): The last few months have not been good for startups and their venture capital (VC) backers.Growth stocks like Southeast Asia's largest ride-hailing and food delivery company Grab, ecommerce giant Sea Limited, Indian companies Paytm, Zomato and Freshworks are some example of unicorns that went public recently but have performed poorly against the rest of the market.Grab and Sea Limited, both listed in the US, are down 65 per cent year-to-date. India listed delivery firm Zomato is down 49 per cent whereas fintech company Paytm is down 53 per cent.Both are listed in India while Nasdaq listed software house Freshworks is down 40 per cent for the year. This is in comparison to the SENSEX which is down just six per cent and S & P 500 index's decline of 14 per cent since the start of 2022.These growth stocks have been impacted by rising interest rates and inflation which is seen by the market as bad for newer firms which typically require loans to expand quickly.

Top Headlines: Economists see RBI rate hike, pruning GST exemption & more

A group of ministers may propose pruning GST exemptions on certain goods and services and correcting the inverted duty structure. Read more on this in our top headlines

Join a firm that doesn't treat you as employee id: Banerjjee of Tata Neu

Says knee-jerk reaction-driven startups get rid of their biggest assets--the very people on whose shoulders these businesses were built

Drone start-ups: Adani to Ambani, billionaire Indians race for supremacy

Adani, Ambani, Shriram have acquired small drone start-ups to find a foothold in the sector

EdTech Startup EdSARRTHI, a Mentorship Platform Raises Seed Funds

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TMSEp186: Auto sector, startup CEO salary, markets, Dutch chip-maker

Is the auto industry on the fast lane? Why are startup CEOs getting salary jump before IPOs? What have the markets priced in before rate hike? Why is a Dutch firm key to all chip-makers? Answers here

Search for climate-tech unicorns

Start-ups in the climate space are also the focus of philanthropists and impact investors, among others

Riverwalk Holdings launches Rs 150 cr fund for investing in Indian startups

Venture capital fund Riverwalk Holdings has launched a Rs 150 crore-fund that will focus on early-stage funding of startups in India. The fund is anchored by the Singapore-based Thakral Group and has been backed by leading business houses across India and Singapore. "The lifecycle of a startup has its ups and downs and we are committed to being supportive throughout the journey. We are grateful to have like-minded investors who also share our investment philosophy," Riverwalk Holdings Founding Partner Satveer Singh Thakral said in a statement on Thursday. Riverwalk has a sector agnostic investment approach with preferred sectors such as Enterprise SaaS, Fintech and Consumer-tech and Consumer brands. The fund will invest up to Rs 10 crore per startup, and has already made four investments.

Start-ups in India created value, wealth even during pandemic: PM Modi

In his monthly 'Mann ki Baat' radio broadcast, the prime minister said that on the fifth of this month the number of unicorns in India reached the 100-mark

Indian startups continued to create value, wealth during pandemic: PM Modi

Noting that the number of unicorns in India has reached the 100-mark, Prime Minister Narendra Modi said that even during the Covid pandemic, India's startups continued to create wealth and value

Bhaderwah potential destination of agri-tech startups in country: Jitendra

Union Minister Jitendra Singh said Jammu and Kashmir's Bhaderwah is the potential destination of agri-tech start-ups in the country

Zetwerk unveils programme to help hardware startups in robotics, e-mobility

Through this programme, Zetwerk will provide a complete stack of dedicated services for each requirement of a hardware startup to expedite its journey from prototype to production.

Pune-based Repos Energy raises Rs 56 crore from Ratan Tata, others

The fresh capital as part of pre-series A funding round is in combination of equity and debt, the company said

Sequoia asks founder ecosystem to tighten belt, focus on profitability

Cash burn and growth at all cost no longer being rewarded as capital turns expensive

Are Indian startups staring at a tough future after a blockbuster year?

The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion

Covid-19 impact: Edtech start-ups switch to hiring mode amid record growth

Several players such as Byju's, upGrad, and Lido to almost double headcount by end of the year

Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak

Curbs on investment by Chinese investors a major roadblock

Looking overseas: WhiteHat Jr making an aggressive bid to go global

Coding start-up growing at 150%; has 3 million registered users

Byju's raises $200 mn in fresh funding; valuation surges to $12 bn

BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising

Aakash+BYJU'S' Chaudhry invests $4 million in HR automation firm HONO

HONO raises $5 mn in Series A round to double size of operations