Page 10 - Start Ups

Why India continues to attract demand for global capability centres

According to a BCG study, India currently has over 1,500 global capability centres, with 300-500 to be added over the next five years

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

D2C footwear start-up Yoho raises Rs 20 cr in pre-series A funding

Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards

Ready to talk with startups to address their concerns: Sitharaman

The government is ready to talk with the startups who are contemplating moving overseas and address their issues as much as it can to help them stay in India, Nirmala Sitharaman said

Dhoni picks up equity in plant-based protein startup 'Shaka Harry'

Former Indian skipper Mahendra Singh Dhoni has picked up equity in the plant protein startup Shaka Harry', the company said on Tuesday.

Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn

Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve

Robotics start-up Miko picks 70% stake in AI board-game maker Square Off

The 2 companies aim to together generate more than $100 million in revenue in 2023

Google Accelerator to support 20 women-led start-ups in first cohort

Firm will focus on subjects like access to networks and capital, hiring challenges and mentorship, which for a variety of reasons, prove challenging for female founders

Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round

Company founded by 4 IIT graduates will use money to expand its presence and for improving technology

Zepto's Kaivalya Vohra youngest Indian with net worth above Rs 1,000 crore

Vohra stood at the 1,036th spot in the IIFL Wealth Hurun India Rich List 2022, with a net worth of Rs 1,000 crore

Happilo: Farmer's son and a nutty biz selling good health in small packs

Vikas Nahar's enterprise does Rs 40 cr a month on average, selling exotic and local nuts processed at 16,000 sq ft of processing space that he now plans to scale up by another 100,000 sq ft

Star-studded startups: Five celebrities who are betting on Indian companies

From Twinkle Khanna to Virat Kohli, many B-town celebrities and cricketers have already invested in startups ranging from food to edtech

Machine learning developer TrueFoundry raises $2.3 mn in seed funding

Company will use financing to expand technology team and for product development

Insurtech start-up Zopper raises $75 million in series C funding

Currently, there are 57 insurance companies in India- 24 in the life insurance sector and the others in non-life insurance businesses

DotPe raises $58 mn in series B, plans entry into financial services

The firm currently serves over 7.5 million brands including McDonald's, 24 Seven and Taco Bell

Edtech start-up Leverage Edu plans to double workforce in next 12 months

This comes after Leverage Edu raised $22 million in series B funding in March earlier this year, bringing the firm to a valuation of $120 million

FinMin sets up panel to address issues faced by venture capital, PE firms

The Finance Ministry has set up a high-level panel headed by former Sebi chairman M Damodaran to look into issues being faced by venture capital (VC) and private equity (PE) investors

PE/VC investments fall 80% to a 19-month low in August, says report

The month recorded the highest ever exits at USD 3.1 billion, making it the best month from sell-offs perspective, according to the report by industry lobby IVCA and the consultancy firm EY.

After lay-offs, edtech startup Lido Learning files for insolvency

Lido Learning's board of directors has passed a special resolution to file an application under section 10 of IBC, 2016

Construction management start-up Powerplay raises $7.14 mn in funding

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore