Page 7 - Unicorn Companies

Venture Catalysts says it has funded 54 start-ups at over $50 mn valuation

Individual valuations of at least two dozen companies have crossed $100 million, says investment firm

PhysicsWallah's revenue rises to Rs 232.48 cr, net profit surges 14 times

The company has reported a profit at a time when top tech unicorns, especially edtech firms are incurring steep losses and are laying-off employees

Top Indian unicorn founders, venture capitalists back Green Startup Pledge

World's first climate pledge for startups is backed by India's leading VC funds and supported by entrepreneurs including Nithin Kamath, Deepinder Goyal and Bhavish Aggarwal

upGrad's revenue rises to Rs 692 cr in FY22, losses widen to Rs 627 cr

The total expenses of the edtech unicorn for the fiscal were reported as Rs 1,319 crore in FY22, a jump of 157 per cent from Rs 514 crore last year

You're fired! Layoff crisis getting out of control at unicorns in India

A growing list of top tech unicorns or companies with over $1 billion valuation each is laying-off employees in an attempt to conserve cash and focus on profitability amid a funding winter this year

New start-up scheme to focus on biz ideas, unicorns in Uttar Pradesh

Under the new framework, the start-up seed capital/marketing support sum has been hiked by 50 per cent from Rs 5 lakh to Rs 7.5 lakh

DealShare launches private brands, plans Rs 500 cr investment in 2-3 years

Brands to be manufactured in tie-up with SMEs; 52 products launched under home cleaning, personal hygiene, pantry staples, and male grooming so far, more categories in two years

Several startups in India may lose their Unicorn status, says report

In total, around 105 start-ups in India attained the status of Unicorns between 2018 and 2022 but the active number of unicorns has now been reduced to 84

The great Indian unicorn conundrum: High valuations and higher losses

Companies get investors' financing though many of them not on path to profitability

Down 66% YoY, total deal value in Q3FY23 second lowest since 2017: Report

According to Grant Thornton Bharat's Dealtracker September 2022 report, a total of 450 deals worth $10.2 billion were recorded in Q3FY23, 25 per cent below the 600 deals recorded in Q3FY22

Ed-tech firm FrontRow lays off 75% of staff, day after Byju's move

Second round of sacking to save costs reduces FrontRow's headcount to 45 people

Only 2 Indian startups turned unicorns in Q3 amid funding winter: Report

Only two startups in India, Shiprocket and OneCard, attained the unicorn status (valuation $1 billion and above) in the July-September period, a PwC India report showed on Thursday.

Unicorns become 'cockroaches' as tech funding dries up: Report

Global venture funding slumped to $74.5 billion in the past three months, its lowest level in nine quarters, according to CB Insights.

Unicorns feel funding winter chill, see fall in numbers: Hurun global index

The valuation firms like Quikr, Paytm Mall, have dropped below $1 billion. Shopclues and Blinkit were acquired for a fraction of their billion-dollar valuation

Flickstree raises $5 mn in pre-series B round led by Venture Catalysts

Flickstree is a content and marketing tech start-up that uses AI to create free branded video content; its data engine promote these videos, which keep churning transactions in auto-pilot mode

Healthtech start-up Butterfly Learnings raises $1.5 mn in seed funding

Round saw participation from Insitor Partners, 9Unicorns, Venture Catalysts and a clutch of other investors

Urban Company's consolidated losses more than double to Rs 514 cr in FY22

Home services marketplace Urban Company, formerly Urban Clap, on Friday said its consolidated losses more than doubled to Rs 514 crore in FY22. According to a regulatory filing, the Accel India- and Tiger Global-backed company had posted a loss of Rs 249 crore in FY21. The consolidated income of the unicorn firm grew by 75.7 per cent to Rs 509.2 crore in FY22 from Rs 289.8 crore in the preceding financial year. According to Tofler, parent firm of the company Urbanclap Technology India Private Limited has posted a loss of Rs 404 crore during FY22, which is 95 per cent more compared to previous fiscal, and the revenue of the company increased by 36 per cent to Rs 387 crore. "Urbanclap Technology India Private Limited, a home services marketplace, reported its revenues for the financial year 2021-22 as Rs 387 crore, a 36 per cent jump since the last financial year. The company further reported a net loss of Rs 404 crore during the same fiscal. This is a 95 per cent increase from the l

Did Byju's bite off more than it could chew?

Education technology company Byju's FY21 revenues came in flat, and its losses have widened about 20 times. While it may survive this crisis, questions still remain around the future of the unicorn

Byju's audited revenue expected to be lower than projected numbers

Byju Raveendran, co-founder and the CEO of the unicorn, has briefed the shareholders and the board members about the difference

India edges out China in creating new unicorns in H1CY22: Hurun report

As many as 147 unicorns worldwide saw their valuations drop in the last six months