Page 57 - Startups

Retail startup Shoopy raises $250,000 seed from US, India investors

Shoopy helps retailers and local business owners go online in a few seconds, and manage invoicing, billing, inventory tracking and management, among other aspects of their shops easily

An eldertech start-up is looking to keep seniors healthy and happy

The year gone by has triggered serious concern for the ageing population, a segment of society that has forever struggled with a pervasive and never-ending epidemic: Loneliness

Lightspeed Ventures, Wipro Ventures, others invest $48 mn in Yugabyte

So far the company has raised $103 million, including a $30 million capital fund announced in June last year

A peek into the startup incubation drives of India's next-rung campuses

Not all great ideas are nurtured at IITs and IIMs; many enterprises with formidable products today have come from the country's deeper regions and have received parenting at lesser known institutes

Klarna funding round makes it Europe's most valuable startup at $31 bn

It also puts the Swedish fintech on a par with many of Europe's biggest listed financial houses

PM Narendra Modi urges banks to lend to start-ups and MSMEs amid Covid-19

Calls for effective participation of public sector in banking and insurance

Seeking professional success: Harappa goes back to the drawing board

Harappa offers 25 courses at a price of Rs 899 per course for newcomers

FundVice to support startups with Rs 330 crore fund, accelerate 50 deals

Investment banking firm FundVice on Friday said it will support startups in India with a corpus of Rs 330 crore, which includes funding from its new fund Ryoma Ventures. The company has plans to raise up to Rs 250 crore and accelerate at least 50 deals by 2021-end. In addition, Fundvice has announced to set-up a sector-agnostic fund with about Rs 80 crore. "We have seen exciting start-ups that are revenue-generating but what they lack is the right support of investors. Various incubators, accelerators and mentors have been supporting the team of FundVice to support start-ups reach the heights they are at, but still lack investors. "To support them, we took the decision to start this fund, with the support of everyone, as the next step towards making a dent in the start-up ecosystem," Heena Aroora, Managing Director - FundVice and Ryoma Ventures, said in a statement. The company said it plans to close this fund soon with its present investors and is also looking at collaborations w

Best of BS Opinion: The skills India needs, India's 'Lehman moment' & more

Here's a selection of Business Standard opinion pieces for the day

Healthcare startup Innovaccer's valuation crosses $1 bn, joins unicorn club

The new funding round brings the total capital raised by Innovaccer to over $225 million.

Entrepreneurship and the pandemic

Though business for majority of entrepreneurs is yet to return to pre-Covid levels, has the country's indomitable entrepreneurial spirit gotten over the Covid bump?

For investors, edtech is the darling of the day: Kaizen's Sandeep Aneja

By 2025, estimates indicate the sector will touch $12 billion. Last year saw a higher amount of total investments in the sector compared to investment of $1.7 billion in the last 10 years combined

Edtech, logistics and gig-economy to drive jobs as startups step up hiring

Freshers hiring likely to double as compared to last year

After United Nations vote, high hopes for Indian cannabis industry

Their optimism stems from the United Nations (UN) reclassifying cannabis as a less dangerous drug in December 2020

BharatPe gives 80x returns to investors as valuation tops $900 mn

The Delhi-based fintech company has already returned Rs 102 cr cash to its secondary investors as against the initial angel round of Rs 1.9 cr

Unicorns have created $106-bn value for startup ecosystem in 10 yrs: Report

Having created over 1.4 million jobs annually, Indian startups have taken eight years on an average to hit the unicorn milestone

India set to have 150 unicorns, $1 bn startup funding deals: Experts

Big tech companies such as Facebook, Google and Microsoft are also eyeing large strategic investments in Indian startups

Vedantu bets on inorganic growth, acquires doubt-solving app Instasolv

Company open to other such deals in future, says co-founder

Vedantu acquires doubt-solving platform Instasolv for an undisclosed amount

Ed-tech startup Vedantu on Monday said it has fully acquired Instasolv, a doubt-solving app for students of class 6 to 12 for science, mathematics, as well as for those of IITJEE and NEET. The ed-tech firm, however, did not disclose the financial details of the deal. Earlier in 2020, Vedantu had invested USD 2 million as part of a pre-series A round funding in Instasolv. "Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. We have seen tremendous potential in Instasolv and share the same mission to democratise education in the country," Vedantu CEO and co-founder Vamsi Krishna said in the statement. This is Vedantu's first acquisition in an education technology company to strengthen its focus in the instant doubt-solving space, where doubts are solved by quality teachers in a chat format. In 2020, Vedantu has delivered 75 million hours of classes across its platform and with 6.3

JKEDI inks MoU with HED, 'We HUB' for promoting startups, entrepreneurs

Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) and Higher Education Department (HED) on Friday signed a memorandum of understanding (MoU) to promote the culture of entrepreneurship and innovation, an official spokesman said. Separately, JKEDI also signed an MoU with 'WE HUB', India's first and only state-led incubator of the government of Telangana to promote women entrepreneurship and startup culture here, the spokesman said. He said the MoU between JKEDI and HED was signed in presence of Commissioner Secretary, Industries and Commerce (I&C), Manoj Kumar Dwivedi and Commissioner Secretary, HED, Talat Parvez Rohella to lend expertise and evolve the ecosystem of entrepreneurship and startup environment in the colleges of the Union Territory. This MoU will boost the entrepreneurship and startup ecosystem here as this will help us to establish entrepreneurship development cells, innovation and incubation centers in colleges besides a module of entrepreneurship ...