Page 51 - Startups

Supply chain firm Delhivery acquires Spoton Logistics for unknown sum

Samara Capital and Xponentia, which together acquired Spoton from IEP in 2018, are making a full exit for cash as part of the deal

D2C fashion firm Bewakoof raises Rs 60 cr in pre Series-B funding

Round was led by InvestCorp with participation from IvyCap Ventures and Spring Marketing Capital; with this the firm has so far raised Rs 170 cr

Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn

The firm is also buying back ESOPs worth $10 mn to acknowledge and reward employees, ex-employees, and early investors

Breathe Well-being raises $5.5 mn in Series A round led by Accel

This round saw the exit of angel investors who have received a 30X exit and early employees being rewarded with ESOPs encashment

Manufacturing startup Zetwerk eyes global expansion, raises $150 mn

The firm aims to grow its revenue by four times in 2021-22, based on a strong order book of Rs 5000 crore

Algo rhythm: Investors take a shine to India's tech startup, says report

Six unicorns have filed for IPOs, of which Zomato got listed

Mobility startup Get My Parking aims to double revenue to $5 mn this fiscal

Mobility start-up Get My Parking is looking to double its revenue to $5 million (about Rs 37 crore) this fiscal

$17.2 bn infused in Indian startups by VC firms during Jan-July: Report

Venture capital firms infused a total of $17.2 billion investment into the Indian startup ecosystem during January-July 2021

Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report

Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said

Oyo raises $5 million from Microsoft at $9.6 billion valuation

The company is aiming to transform itself to a global full-stack technology provider for small and mid-sized hotels and homes

Manufacturing startup Zetwerk's valuation tops $1 bn, joins unicorn club

The firm has raised $150 mn in a Series E funding round led by D1 Capital Partners

Hashnode raises $6.7 mn in Series A fundraise led by Salesforce Ventures

This funding follows a $2.1 million seed funding round in December 2020.

Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise

Postman was founded in 2014 by Abhinav Asthana, Ankit Sobti, and Abhijit Kane

RaRa Delivery raises funding to move all Indonesian deliveries to same-day

Founded by Karan Bhardwaj, RaRa Delivery's tech team is based in India, with an aim of scaling its India operations

Amazon, Premji Invest back fintech smallcase in $40 mn funding

The capital raised will be used to launch better investment products for the retail investor

Fresh funding to boost DrinkPrime's safe and clean drinking water mission

With most of the water in the plastic cans being unsafe and with less than 5 per cent of Indians actually owning a water purifier, the problem is real and DrinkPrime is addressing that.

RaRa Delivery raises $3.25 mn led by Sequoia Capital's Surge, East Ventures

RaRa Delivery is Southeast Asia's only last-mile logistics company in the one to three-hour deliveries segment for e-commerce

PFRDA can't allow investment in startups due to valuation process: Chairman

The key issue is to report NAV on a daily basis, which is not possible in the case of startups

Rage Coffee raises $5 mn in Series A round led by Sixth Sense Ventures

Rage is disrupting the core instant coffee segment by launching flavored instant coffee (Mocha mint, Irish hazelnut, Dark chocolate, etc) along with products such as roast coffee, and cold brew coffee

Healthtech startup Ultrahuman raises $17.5m in Series B funding round

The Series B funding came from Alpha Wave Incubation (AWI), which is backed by DisruptAD and managed by Falcon Edge, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani's iSeed