Page 56 - Startups

Beyond the bottom line: The journey of newsmaker Deepinder Goyal

In FY21, the founder & CEO of Zomato took a steep pay cut from an annual Rs 3.5 crore to Rs 1.6 crore and waived his salary for 36 months starting April 1, 2021

A virtuous cycle of entrepreneurship

According to the Credit Suisse Wealth Report 2020, after stagnating for several years, the number of millionaires in India rose rapidly in the two years before the pandemic

With Temasek's $120 mn, Ronnie Screwvala's UpGrad set for $1 bn valuation

Entrepreneur says his upskilling startup is targeting $2 billion in revenue by 2026.

Edtech start-up upGrad raises $120 mn funding from Singapore-based Temasek

upGrad on Monday said it has raised USD 120 million (about Rs 897.3 crore) from Singapore-based Temasek, making this the first external fund-raise by the edtech major. Since its inception in 2015, upGrad has been 100 per cent owned, funded, and run by its co-founders as a capital-efficient business. upGrad plans to use the fresh capital to further strengthen its team, scale its global market operations and bolster its technology and product capabilities, a statement said. The company will also pursue merger and acquisition (M&A) opportunities, expand graduate and post-graduate degree portfolio in India, and scale up operations to achieve its USD 2 billion revenue goal by 2026, it added. "We welcome Temasek in our mission to power career success for each and every member of the global workforce as their trusted LifeLongLearning partner and drive meaningful career outcomes," upGrad co-founder Ronnie Screwvala said. This capital will further fuel the company's commitment towards ...

Covid-19 crisis: Startups step up efforts to assist in oxygen delivery

From crowdfunding to buy Oxygen concentrators to flying charters for bringing equipment and other essential supplies, startups do their bit

India's next 35 unicorns may include Practo, BharatPe, Eruditus, Vedantu

The vibrant startup ecosystem is working to boost the investment environment in India both from domestic and global investors, according to consulting firm Praxis Global Alliance

Tiger Global makes its first India cryptocurrency firm investment

Invests Rs 181 crore in CoinSwitch Kuber in a Series B round of funding, valuing the company at over $500 million

ORAI raises Rs 3.6 cr in pre-Series A round from Inflection Point Ventures

The funds raised would be used for international expansion and collaborations, sales and marketing along with product development and enhancement

Pristyn Care's valuation crosses $550 mn, raises $53 mn in funding round

Healthcare startup specialises in surgeries, plans to expand its business in more cities and towns.

How Covid-19 is accelerating digital manufacturing for factories in India

The ecosystem for digital manufacturing in India isn't yet as complex as it is in the West or China but is developing breadth and depth

Qapita raises $5 mn in Pre Series A round led by MassMutual Ventures

Qapita helps private firms and startups record and manage capitalisation tables (cap tables) and ESOPs. It also aims to digitise issuance of equity awards and shares

Of dubious products & cautionary warnings

Are "dubious" new categories and "shady" new brands, financed and funded by avaricious investors trying to change the contours of the Indian marketplace forever?

Amazon launches $250 mn venture fund for Indian startups, entrepreneurs

The fund will specifically focus on encouraging the best ideas to digitise SMBs

Rise of risk capital

Private funding is bridging a crucial gap

Amazon India launches mentor programme for startups, emerging brands

Amazon India on Sunday announced the launch of its 'Mentor Connect' programme, which is aimed at accelerating the growth of startups

Delivery start-up Dunzo eyes unicorn status, seeks $150 million funding

The app has lured people with its rapid delivery of items ranging from groceries to parcels in cities

Startup PumPumPum gets Rs 5.5 cr to expand used car leasing business

Company says it plans to expand to 15 cities in five years, lure millennials for clients.

True North sells Policy Bazaar stake to Serum Institute, four others

True North disclosed neither the quantum of stake sold nor the value

EV start-ups feel the spark of recovery, kick-start post-pandemic biz plans

Overall, the past year has forced the EV industry to think differently in terms of so­u­rcing components

Mohalla Tech, parent company of ShareChat & Moj, raises $502 million

ShareChat will use the latest fund to expand in India and the US, and strengthen its artificial-intelligence powered recommendation engine, platform health and creator community