Page 6 - Unicorn Companies
Unicorn proptech start-up NoBroker raises $5 mn from Google for expansion
Unicorn proptech startup NoBroker has raised USD 5 million from technology major Google as part of its expansion plan. NoBroker has bagged funding from Google, which joins existing investors General Atlantic, Tiger Global and Moore Strategic Ventures in its Series E round, the Bengaluru-based firm said in a statement. In November 2021, NoBroker.com raised USD 210 million from investors, including General Atlantic and Tiger global to expand its business across 50 cities. The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures. NoBroker platform helps in renting, buying, selling, home services, financial services to society management services through NoBrokerHood. "One of the key areas where we will leverage this partnership will be to build unique solutions that help simplify the lives of the residents of NoBrokerHood societies. Our objective is to aggressively grow and reach 1 lakh societies in the next few years," said Akhil ..
 "Unicorn proptech start-up NoBroker raises $5 mn from Google for expansion")
Unicorn club: From 1mg to InMobi, here're 100-plus start-ups in India
Bengaluru-based neo-bank platform 'Open' became India's 100th unicorn in May 2022
 "Unicorn club: From 1mg to InMobi, here're 100-plus start-ups in India")
India added 1,300 active tech start-ups in CY2022, taking tally to 27,000
The country also added the second highest number of Unicorns, at 23 in CY2022, according to a Nasscom-Zinnov report
 "India added 1,300 active tech start-ups in CY2022, taking tally to 27,000")
Over 25% of unicorns in India have been set up by repeat founders: Report
This expertise is what helped India become the third nation to have 100 unicorns, including the 24 that emerged in 2022
 "Over 25% of unicorns in India have been set up by repeat founders: Report")
Served fair: Zomato, Swiggy cap password sharing for loyalty schemes
Members will be able to use their accounts only on two devices as companies aim to plug misuse
 "Served fair: Zomato, Swiggy cap password sharing for loyalty schemes")
Indian startups fired 6,000 employees in third quarter, says report
This can be attributed to investors lowering funding amid high volatility in global markets
 "Indian startups fired 6,000 employees in third quarter, says report")
PhysicsWallah to hire 2,500 employees, partner with supply chain firm
Company hiring at a time when large Indian start-ups, especially in edtech, are laying off employees
 "PhysicsWallah to hire 2,500 employees, partner with supply chain firm")
Healthtech unicorn Innovaccer sacks 245 workers, second job cut in 5 months
Innovaccer had said that its business fundamentals are still strong
 "Healthtech unicorn Innovaccer sacks 245 workers, second job cut in 5 months")
Udaan product shipment jumps six-fold to 1.7 bn in 2022
The Lightspeed Venture and Microsoft-backed unicorn had shipped 260 million products, catering to around 50 million orders in 2021 -- which was hugely impacted by the pandemic
 "Udaan product shipment jumps six-fold to 1.7 bn in 2022")
China saw the steepest fall in funding activity among global peers in 2022
India saw the second-highest fall in funding activity, down 33 per cent in 2022 from 2021, says Tracxn
 "China saw the steepest fall in funding activity among global peers in 2022")
Start-up funding dips 33% YoY in CY22, early-stage funding grows: PwC India
The SaaS segment witnessed a 20 per cent increase in funding during CY22 compared to CY21 and accounted for nearly 25 per cent of all funding activity this year
 "Start-up funding dips 33% YoY in CY22, early-stage funding grows: PwC India")
India's startup funding in 2022 double the pre-pandemic level: PwC
21 startups entered the unicorn club in 2022, highest from SaaS category
 "India's startup funding in 2022 double the pre-pandemic level: PwC")
ISRO, Microsoft join hands to empower spacetech startups in India
The space tech startups identified by ISRO will be on-boarded onto the aMicrosoft for Startups Founders Hub' platform, that supports startups at every stage of their journey-from idea to unicorn
 "ISRO, Microsoft join hands to empower spacetech startups in India")
Indian startups take 5 yrs to scale from zero to $100 mn revenue: Report
What took 18 years in 2000 to reach $100 million revenue has come down to five years, according to data by Redseer Strategy Consultants
 "Indian startups take 5 yrs to scale from zero to $100 mn revenue: Report")
A match not made in start-up heaven
The current turmoil in the start-up world isn't all about the so-called funding winter. A bigger problem is the chasm between the goals of founders and investors
What does the 2022 funding winter indicate for start-ups in 2023?
2022 was a year of reckoning for Indian startups. New unicorns halved compared to last year, and mass layoffs followed. So, how did this year change Indian start-ups? How are they prepared for 2023?
 "What does the 2022 funding winter indicate for start-ups in 2023?")
Indian startups witness 38% decline in total funding in 2022: Reports
India added fewer unicorns this year, as the number of companies that gained billion-dollar valuations fell by half from a year earlier
 "Indian startups witness 38% decline in total funding in 2022: Reports")
S Chand to sell its entire stake in iNeuron to PhysicsWallah for Rs 14 cr
Education content company exits second edtech investment, after dropping out of Testbook Edu Solutions
 "S Chand to sell its entire stake in iNeuron to PhysicsWallah for Rs 14 cr")
upGrad's acquisition of test-prep provider Exampur may hit roadblock
Disagreement over valuation of Noida-based company which wants more from the deal, says source
 "upGrad's acquisition of test-prep provider Exampur may hit roadblock")
Delhi HC summons Ashneer Grover, wife and kin over BharatPe's complaint
Fintech unicorn accuses them of fraud, claims Rs 88.67 crore
 "Delhi HC summons Ashneer Grover, wife and kin over BharatPe's complaint")