Page 45 - Startups
India will have over 250 unicorns by 2025, says Iron Pillar report
The public listing of 12 Unicorns is another indicator of the increasing maturity of the Indian tech ecosystem
 "India will have over 250 unicorns by 2025, says Iron Pillar report")
Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper
Restaurant management platform raises $24mn in series B funding
 "Food delivery rivals Swiggy and Zomato back restaurant tech firm UrbanPiper")
Startups partner with IITs to develop cutting-edge niche products
Incubation cells at the premier engineering institutes are helping more and more startups develop innovative product
 "Startups partner with IITs to develop cutting-edge niche products")
Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy
Swiggy's investment will leverage the synergies between the two companies to unlock more opportunities for delivery executives and captains across both fleets
 "Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy")
Deeptech startup Spyne raises $7 mn in latest funding round led by Accel
At present, Spyne is currently serving more than 80 customers including Amazon India, Flipkart, Karvi, OLACars, SellAnyCar, Udaan, etc. across 15+ countries
 "Deeptech startup Spyne raises $7 mn in latest funding round led by Accel")
How will Microsoft for Startups Founders Hub benefit Indian firms
Asia has among the most dynamic startup scenes in the world and has quickly become a breeding ground for innovation over recent years.
 "How will Microsoft for Startups Founders Hub benefit Indian firms")
BharatPe's Ashneer threatens legal action over comment against sister
In a letter written to BharatPe Board, Ashneer said that Sameer should be "immediately served a show-cause notice for his despicable public behaviour and immediately put on leave of absence
 "BharatPe's Ashneer threatens legal action over comment against sister")
Google-backed Dunzo launches instant grocery delivery service in Mumbai
In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022
 "Google-backed Dunzo launches instant grocery delivery service in Mumbai")
Speciale Invest announces its second funds closure at Rs 286 crore
In April 2021, the company had announced their second fund to be a corpus of around Rs 100 crore, but this got oversubscribed to over Rs 140 crore.
 "Speciale Invest announces its second funds closure at Rs 286 crore")
EnKash raises $20 million in funding round led by Ascent Capital
Baring India and Singapore-based White Ventures also participated in the series B funding round along with existing investors, Mayfield India and Axilor Ventures.
 "EnKash raises $20 million in funding round led by Ascent Capital")
MakerMax develops testing devices, algorithms to tackle battery fires
Canada-based startup MakerMax said it has developed testing devices and algorithms that can arrest battery fires and consequent loss of property and lives
 "MakerMax develops testing devices, algorithms to tackle battery fires")
Indian start-ups raise $12 bn during first three months of 2022: Report
Meanwhile, a recent report said that accelerated funding activity is expected to create over 100 unicorns in India during 2022
 "Indian start-ups raise $12 bn during first three months of 2022: Report")
Microsoft to empower Indian startups from idea to unicorn with new platform
The platform offers over $300,000 worth of benefits and credits, giving startups free access to the technology, tools, and resources they need to build and run their business
 "Microsoft to empower Indian startups from idea to unicorn with new platform")
D2C business enabler Instamojo reports revenue growth from online stores
Contribution jumped from 2% to 20% in one year after the launch of the beta version, says start-up.
 "D2C business enabler Instamojo reports revenue growth from online stores")
Microsoft launches Founders Hub platform in India to empower startups
Microsoft launched its 'Microsoft for Startups Founders Hub' in India -- a platform that will support founders here at every stage of their startup journey, with access to over $300,000 in benefits
Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months
Merchant commerce platform got $150 million from Alpha Wave Global in February and $20 million from SBI in January.
 "Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months")
After 2021 boom, how 2022 could be a year of reckoning for Indian startups
After the boom of 2021, when 44 Indian startups became unicorns, the markets are more selective and investors less enthusiastic in participating at unrealistic valuations
 "After 2021 boom, how 2022 could be a year of reckoning for Indian startups")
OSlash raises $5 mn in funding round valuing SaaS start-up at $50 mn
Company builds productivity tool enabling employees to access the right information in a fraction of a second.
 "OSlash raises $5 mn in funding round valuing SaaS start-up at $50 mn")
 "Life Coach Rahul Subramaniam decodes how student-led businesses create a new way for India")
Pine Labs raises $50 mn, to expand BNPL offering in Southeast Asia
Pine Labs serves large, mid-sized and small merchants across India and Southeast Asia, and is expanding its Buy Now Pay Later (BNPL) offering in Southeast Asia.