Page 11 - Start Ups
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
 "India edges out China in creating new unicorns in H1CY22: Hurun report")
Tech start-ups raise $885 mn in funding in Aug, down 20% from July: Report
Edtech unicorn UpGrad and fintech start-up EarlySalary among companies to earn big-ticket investments: Tracxn
 "Tech start-ups raise $885 mn in funding in Aug, down 20% from July: Report")
HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group
HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care
 "HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group")
Gig work platform Awign raises $15 mn in funding round for expansion
Start-up assists enterprises in hiring high-skill talent on contract and manage such employees
 "Gig work platform Awign raises $15 mn in funding round for expansion")
How Eduvacancy is changing the way institutes hire teachers in India
The firm's SaaS-based platform has over 500,000 registered educators and 12,750 institutes pan India and matches the right candidate for the right job across regions
 "How Eduvacancy is changing the way institutes hire teachers in India")
Startups increasingly raising venture debt as investors fear funding winter
Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle
 "Startups increasingly raising venture debt as investors fear funding winter")
We back companies where tech is an enabler, not the hero: C4D Partners CEO
Our crucial thesis is that the business model is woven around a societal problem, said CEO Agarwal
 "We back companies where tech is an enabler, not the hero: C4D Partners CEO")
Alteria Capital in talks to raise up to Rs 3,500 cr for third fund
Alteria, counted among the top three venture debt firms in India, boasts of Rs 2,800 cr in AUM and a portfolio that includes at least eight startups valued at $1 bn or above
 "Alteria Capital in talks to raise up to Rs 3,500 cr for third fund")
Get a masterclass on the art of scale-up from start-up wizards
Tech world's prime-movers set up Artha School of Entrepreneurship.
PharmEasy calls off its public offer; to go for rights issue instead
API Holdings, the parent company of PharmEasy, wrote to shareholders announcing withdrawal of DRHP
 "PharmEasy calls off its public offer; to go for rights issue instead")
Edtech firm Sunstone raises USD 35 million from WestBridge Capital, others
Edtech startup Sunstone, which focuses on higher education, on Friday said it has raised USD 35 million, about Rs 280 crore, in a funding round led by WestBridge Capital
Zomato-backed Shiprocket raises $33.5 mn, becomes India's 106th unicorn
The logistics technology platform was valued at around $1.2 billion with the fresh round of funding
 "Zomato-backed Shiprocket raises $33.5 mn, becomes India's 106th unicorn")
Unicorn status to WeWork co-founder's real estate startup 'Flow' pre-launch
WeWork co-founder and former CEO Adam Neumann receives $350 million funding from top investment fund Andreessen Horowitz (a16z) for his upcoming business named Flow
 "Unicorn status to WeWork co-founder's real estate startup 'Flow' pre-launch")
EnKash: Powering India's SMEs and start-ups with a suite of corporate cards
The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year
 "EnKash: Powering India's SMEs and start-ups with a suite of corporate cards")
Changing customer behaviour helps establish new age e-commerce models
New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come
 "Changing customer behaviour helps establish new age e-commerce models")
Wealth management platform Dezerv raises $21mn in series A led by Accel
Dezerv was founded in 2021 by Sandeep Jethwani, Vaibhav Porwal and Sahil Contractor and so far seen more than Rs 800 crore invested through the platform
 "Wealth management platform Dezerv raises $21mn in series A led by Accel")
Fintech start-up Credit Fair raises $10 million in debt and equity
Founded in 2018, the company aims to drive financial inclusion by offering customised lending solutions to under-served business and consumer segments
 "Fintech start-up Credit Fair raises $10 million in debt and equity")
Exponent Energy partners Altigreen to bring rapid charging for electric-CVs
The companies have unveiled an electric three-wheeler that rapid charges from 0-100 per cent battery capacity within 15 minutes at Exponent's e-pump network
 "Exponent Energy partners Altigreen to bring rapid charging for electric-CVs")
B2B SaaS start-up WebEngage raises $20 mn in Series B funding round
The Series B round also saw participation from family offices of Unmaj Corporation, NB Ventures, Shashwat Nakrani (a co-founder of BharatPe), and Gopal Srinivasan (chairman of TVS Capital) and others
 "B2B SaaS start-up WebEngage raises $20 mn in Series B funding round")
Family offices bet bigger on start-ups, opt for direct investments
Direct investment or co-investing with Indian VC/PE funds in companies is increasingly catching up
 "Family offices bet bigger on start-ups, opt for direct investments")
