Page 42 - Startups

upGrad says study-abroad unit set to become largest player in South Asia

Unicorn led by Ronnie Screwvala seeks annual revenue run rate of $130 million by 2023 for the platform.

Investor Ravi Chachra launches $75-mn venture debt marketplace for startups

Part of Y-Combinator's winter 2022 batch, 8vdx has already disbursed $2.8 mn to 16 startups, including two from India

Number of recognised startups in India rises to 65,861, says govt

He said that the recognised startups are spread across over 640 districts and have reported a creation of more than seven lakh jobs with an average of 11 jobs being created by them

Govt encourages startups, pvt sector to participate in Gaganyaan programme

The Centre is encouraging the private sector and startups for realisation of India's ambitious human space mission, said Science and Technology Minister Jitendra Singh.

Rajesh Jain, pioneer of India's dotcom era, preps IPO for second startup

Rajesh Jain, 54, a pioneer of India's internet industry, is readying his second startup Netcore Cloud Pvt. for an initial public offer within the next year

Corporate-startup partnering in India has grown and can achieve more

The growth in corporate-startup partnering in India reflects the rise of sophistication on the part of both corporations and startups

Startups get up to 10 yrs for converting debt investment into equity

Govt extends timeline for startups to convert debt investments into equity up to 10 yrs, a decision likely to relieve budding entrepreneurs to deal with impact of Covid, a DPIIT press note said

India expected to have over 100 new unicorns in 2022: HDFC Securities

Accelerated funding activity is expected to create over 100 unicorns in India during 2022.

100% of portfolio's revenues from online channels: RPSG Capital's CIO

In a Q&A Abhishek Goenka dwells on the VC fund's investment strategy, the sectors within the consumer space that he is bullish on, and the road ahead

Drone tech start-up AUS signs Rs 3.75 cr lease financing deal with Grip

Grip and AUS have entered a deal that allows retail investors to invest in India's growing drone market

Shipskart raises Rs 20.5 crore from Trail Mix Ventures, others

Tradeworks.vc, Motion Ventures and Eternia Investments also participated in the funding round.

Looking at creating a fund for agritech startups says, Union Min Goyal

The government is looking at creating a fund for agritech startups, Commerce and Industry Minister Piyush Goyal said on Sunday. The government is looking at significant participation of startups in defence R&D as huge opportunities are there in drones, defence and technical textile sectors for entrepreneurs, the minister said at a webinar. Technology and innovation will be the key driving force for India and its economy, he said. "We are looking at significant participation of startups in defence R&D. We are looking at creating a fund for agritech startups," Goyal said. India has the third largest startup ecosystem in India with over 65,000 registered startups in just five years. "It is these startups that will fuel India's Atmanirbhar drive," he added. At another function, the minister stated that one can find many opportunities, like even in the current war crisis. "The present Ukraine-Russia crisis is a wakeup call for all of us, not to be dependent on crude oil and defence

Live video infrastructure startup 100ms raises $20 mn in Series A funding

100ms aims to bring real-life interactions to the virtual world by providing developer tooling for live video

Sidbi keen on coming out with venture debt scheme, says CMD S Ramann

"Sidbi is very keen on coming out with a venture debt scheme," Ramann said at an event organised by Indian Venture and Alternate Capital Association.

India's gaming startup Loco gets $42 mn from South Korea's Hashed, others

India's Loco has raised $42 million led by South Korea's early-stage venture fund, Hashed, as a gaming frenzy takes hold in the country of nearly 1.4 billion people

Mobikwik to raise private funding as stock market turns bearish

Fintech start-up turns profitable for the first time in December quarter on massive BNPL uptake

New innovative edtech startups likely to bloom amid pandemic: Experts

Also, with offline schools and colleges opening up, learning will now evolve to a more nuanced blended delivery model with a mix of online and offline

Take advantage of India being 3rd-largest startup ecosystem: PM Modi

PM Narendra Modi urged the students to take full advantage of the opening of various sectors as India is the third-largest startup ecosystem of the world

Junio raises $6 mn in pre-series A funding round led by NB Ventures

Junio aims to digitise pocket money for children and be the preferred digital payment option.

Pocket FM raises $65 mn in funding from Goodwater Capital, Naver, Tanglin

Pocket FM offers over 1,00,000 hours of long-format content, audio series, stories, novels, podcasts, and knowledge shows in 8 languages