Page 54 - Startups
104 startups registered on Startup India Showcase platform: Centre
As many as 104 startups from different sectors have been registered on the Startup India Showcase platform
 "104 startups registered on Startup India Showcase platform: Centre")
Edtech firms MPOWER, Credenc get $125 mn in funding for business growth
The companies work with Indian students going abroad for education, partner with colleges and companies.
 "Edtech firms MPOWER, Credenc get $125 mn in funding for business growth")
Razorpay acquires TERA Finlabs; bags third firm in less than 3 years
TERA Finlabs is a Bengaluru-based startup that provides technology, risk and capital solutions.
 "Razorpay acquires TERA Finlabs; bags third firm in less than 3 years")
Globus Infocom expects to grow business by 70% to Rs 350 cr by FY22
Digital classroom solutions company Globus Infocom expects to grow business by around 70 per cent to Rs 350 crore by the end of the current financial year
 "Globus Infocom expects to grow business by 70% to Rs 350 cr by FY22")
Valuation of Indian unicorns to rise manifold amid pandemic: Experts
Experts say large funding rounds and valuations demonstrate significant interest from global investors, including sovereign funds, private equity and crossover funds
 "Valuation of Indian unicorns to rise manifold amid pandemic: Experts")
Robinhood gives founders second chance at $1.4 billion windfall
The company had agreed to award CEO Vladimir Tenev and chief creative officer Baiju Bhatt 13.8 million shares contingent on its share price reaching certain price levels at the time of its IPO
 "Robinhood gives founders second chance at $1.4 billion windfall")
Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding
The company is raising $200 million from Sequoia Capital India, existing investor Faering Capital Pvt and others
 "Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding")
Suresh Prabhu calls for greater role of startups in core sectors
Prabhu added that the Indian economy's rate of growth would get accelerated with India's vaccination drive picking up pace, which will revive businesses and, in turn the overall economy
 "Suresh Prabhu calls for greater role of startups in core sectors")
Nua raises $7.1mn in funding from Lightbox, Deepika Padukone and others
Women's hygiene brand Nua on Monday said it has raised USD 7.1 million (about Rs 52.6 crore) funding, led by existing investor Lightbox Ventures. The pre-series B round also saw participation from Bollywood actor Deepika Padukone, former president (Global Foods, Home & Personal Care) at Unilever, Vindi Singh Banga, and Kamini Banga of the Banga family office, along with Kae Capital. Padukone will also work closely with Nua to ideate and create new wellness solutions, a statement said. Nua had previously raised USD 4 million in 2019 from Lightbox Ventures and Kae Capital, it added. With Nua, women can get recurring doorstep deliveries of sanitary pads and other healthcare products at their chosen frequency. The company has an online community and customers of over 4 lakh women. "Our approach from the beginning has been to focus on building holistic solutions comprising safe products, tailored content, and a community that women can lean on for all things wellness. This approach has
 "Nua raises $7.1mn in funding from Lightbox, Deepika Padukone and others")
Fintech firm Slice raises $20mn to challenge credit card industry in India
Slice has raised this amount from existing investors Gunosy, Blume Ventures among others.
 "Fintech firm Slice raises $20mn to challenge credit card industry in India")
Lenskart's launches Vision Fund for select startups in eye-care space
To invest $2 million in each enterprise, nurture innovations disrupting eyewear, eye-care and omni-channel retail
 "Lenskart's launches Vision Fund for select startups in eye-care space")
Classplus raises $65mn funding from Tiger Global, GSV Ventures, AWI
This is the fourth round of funding raised by the company in the last 15 months.
 "Classplus raises $65mn funding from Tiger Global, GSV Ventures, AWI")
CityMall raises $22.5 mn in funding from General Catalyst, others
Recently, the company has expanded beyond daily-use products like groceries and FMCG products, into fashion, electronics, electrical appliances, cosmetics and others.
BharatPe fiscal 2021 revenue jumps over six times to Rs 700 crore
This comes as the pandemic has forced people and businesses adopt digital transactions and fund-starved small businesses seeking more credit avenues like this start-up.
 "BharatPe fiscal 2021 revenue jumps over six times to Rs 700 crore")
NV Capital launches first credit-fund for media, with a Rs 500 cr corpus
Founded by industry professionals and ex-bankers Nitin Menon and Vivek Menon, NV Capital recently received Sebi's nod as a Category-II AIF
 "NV Capital launches first credit-fund for media, with a Rs 500 cr corpus")
Homegrown job platform Apna raises $70 million at $570 mn valuation
Professional networking and jobs platform Apna said it has raised $70 million in Series B round led by Insight Partners and Tiger Global, taking its valuation to $570 million
 "Homegrown job platform Apna raises $70 million at $570 mn valuation")
Apna, jobs app for India's blue-collar workers, raises $70 mn in funding
Apna is sort of a LinkedIn for non-English speaking and non-affluent Indians, says its founder.
 "Apna, jobs app for India's blue-collar workers, raises $70 mn in funding")
At $16.5 bn, Byju's most valuable startup in India after raising $350 mn
As per CB Insights data, as of June 2021, Byju's is the 11th most valuable startup in the world
 "At $16.5 bn, Byju's most valuable startup in India after raising $350 mn")
Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others
Whatfix is a digital adoption solutions provider
 "Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others")
 "Mervik Haum's Handbook on Ensuring Sustainability of a New Startup")