Startup Funding

Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem

IT startup Scrut Automation, which specialises in Governance, Risk and Compliance (GRC) automation, has raised USD 7.5 million in a funding round led by MassMutual Ventures, a top company official said on Tuesday. Scrut Automation CEO and Co-Founder Aayush Ghosh Choudhury told PTI that the fresh round of funding took place at 4 times higher valuation compared to the last funding round a year ago when the company raised USD 3 million. Existing investors Lightspeed and Endiya Partners participated in the funding round to raise their stake in the company, Choudhury said. "We still have 40 per cent of the amount in the bank that we raised in last round. The fresh round of funding is more of strategic in nature," he said. The company will utilise the fund in product development as the company aspires to increase client base by 30-40 times by end of this year. "We at present have around 50 logos. Now we are looking to increase logos to 1,500- 2,000 by end of 2023," Choudhury said. The

Negotiations are ongoing and it's unclear if the prospective investors will go ahead with a deal, the people said, who asked not to be identified as the information is private

Funding led by Lighthouse Canton through its Category-II AIF

Their firm, Geniemode, today has over 250 suppliers in India and Bangladesh to serve some of the biggest names in fashion globally

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

Many startups are using this time to tighten operating models and optimise their cash runway by deferring discretionary spends and investments

21 startups entered the unicorn club in 2022, highest from SaaS category

Construction services start-up will use the funding for technology, business expansion

There were 22 unicorns in 2022, compared to 46 in 2021, and average funding before the unicorn round was around $160 million

TMS Ep333: 2022 startup funding, toy manufacturing, markets, IPEF

What does the 2022 funding winter indicate for start-ups? Does India need PLI to become a toy manufacturing powerhouse? Will the markets see a time-wise correction in 2023? What is IPEF? Answers here

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?

Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession

India added fewer unicorns this year, as the number of companies that gained billion-dollar valuations fell by half from a year earlier

Indian sector has more than 650 firms and is valued at $1.3 bn to be second biggest in the world

Start-up's app helps eateries sell their surplus food and gives customers discounts

The other trend was acquisitions. Many acquired to expand rather than invest to grow organically. Of course, this period did not see a single unicorn

Late-stage funding fell by 45 per cent from $29.3 billion between January to November 2021 to $16.1 billion for the same period in 2022

While its rivals battled to stay afloat, PhysicsWallah has recorded consistent growth since the pandemic

Flash is creating a digital identity that power shoppers can use across retail sites