Page 53 - Startups

Language learning platform Instrucko raises $1 mn in pre-series A round

Firm to expand business in India and West Asia, with core focus on providing children in 3-15 age group with premium content and training by leading educationists from across the world

Fashinza raises $20 mn as it aims to tap $800 bn global fashion mfg space

Fashinza was started to help small and medium ethical factories employing millions of workers connect with global demand and eliminate environmentally unsustainable practices like overproduction

B2B platform Apnaklub raises $3.5 mn from Sequoia Capital India's Surge

Apnaklub links kirana and general stores in the hinterland to consumer brands through its network

The opportunities and challenges for India's social commerce start-ups

Industry experts say there are, however, some basic hurdles that video-based commerce needs to overcome to be successful in India

SoftBank-backed Unacademy announces teacher stock options worth $40 mn

Unacademy competes with players such as Byju's, Vedantu, Simplilearn, UpGrad, Amazon Academy, and traditional education institutes

Beauty startup Nykaa seeks $4 billion valuation in IPO, says report

Company is aiming to file its draft red herring prospectus within the next few days

Kalaari Capital firm CXXO announces $10 mn seed fund for women founders

Between January 2018 and June 2020, startups led by women founder-CEOs received only 1.43 per cent of the total capital raised in India

India's first venture fund by startup founders launched with $85 mn corpus

The men behind the fund are Girish Mathrubootham of Freshworks, Manav Garg of Eka Software, Shubham Gupta (ex-Matrix) and Avinash Raghava (ex-Accel)

ShareChat, Moj valued at $2.88 billion in $145-million fundraise

Investment was led by Singapore state investor Temasek, Moore Strategic Ventures and Mirae-Naver Asia Growth Fund

Media processing company Gumlet raises $1.6 mn led by Sequoia's Surge

Gumlet helps developers resize and optimise their images and videos in accordance with the end user's device or browser

Axio raises $6 mn in Series B2 equity round led by TrueScale Capital

Axio Biosolutions Private Limited, India (Axio), a wholly-owned subsidiary of Boston-based Advamedica Inc is a developer of hemostatic and advanced wound care products

Veera Health raises $3mn in funding led by Surge, Global Founders Capital

Digital health startup for women offers nutrition therapy, lifestyle coaching and doctor support.

16 unicorns, $11bn funding: Indian startups rise sans Chinese money

The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.

A new 'Day Zero', says Zomato Co-founder Deepinder Goyal on listing

In a blog post titled "Letter from Deepi," he said Zomato will not alter the firm's focus for short term profits at the cost of the long term success of the company

Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club

BlackBuck, which digitises fleet operations for the truckers, will use these funds to further penetrate the market and launch new service offerings for its customer base

Byju's acquires US-based digital reading platform Epic for $500 mn

The acquisition will help Byju's expand its US footprint; firm seeks to become a natural part of America's learning culture

D2C personal care brand Beco raises Rs 4 cr seed led by Climate Angels Fund

With the added capital support, Beco aims to quadruple sales and encourage consumers to switch to sustainable living through their eco-friendly product range

Is the pandemic a silver-lining for startup accelerators and incubators?

Latest data from EY show PE and venture investment in startups doubled in H12021 to $6 bn. With more activity in the market, ancillary businesses like accelerators and incubators also thrived

With an eye on online shoppers. YouTube buys social commerce startup simsim

The simsim app serves as a platform to connect local businesses, influencers and customers. The company had raised $16 million in 2020

BMW bikes to T20 WC tickets: What BharatPe is offering to its tech joinees

The bike and gadget package is available to anyone referring tech talent to company