Page 7 - Start Ups

With $10.8 billion, Bengaluru top city on start-up funding in 2022: Report

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

Startup movement picked up momentum in India: Union Minister Jitendra Singh

Singh said that due to a push from Prime Minister Narendra Modi, the startup movement has picked up momentum in India

Indian start-ups take 5 yrs to cross $100 mn revenue mark: Redseer

There are about 100 unicorns and 170 soonicorns in India. Of these 270 firms, over 40 start-ups in the fintech, e-commerce, and logistics sectors have crossed $100 million in revenue as of FY22

Neobanking start-up Jupiter raises Rs 100 cr in venture debt from Alteria

Mumbai, Bengaluru-based company will use money to expand its lending products

Govt to release norms to support startups' innovation in technical textiles

"We would have an evaluation committee which would decide on approving grant for that, so the grant would be up to Rs 50 lakh, that is what we are looking at," Shah said

SaaS start-up SirionLabs closes series D funding round at $110 mn

Company says it will use the capital to expand its position in contract lifecycle management business

Amid funding crunch, edtech startups tread an alternative path to success

According to data from Tracxn, a market intelligence platform, investments in the edtech sector took a plunge from $4.1 billion across 322 deals in 2021 to $2.5 billion in 2022 across 164 deals

With Advent Int on board, Tredence eyes $500 mn in revenue by 2026

Tredence is looking at Advent International to not only grow geographically but also support them in expanding into new verticals like healthcare, life inorganic sciences, and insurance

Tamil Nadu starts packages for green tech, rural impact, women-led startups

50% hike in grants for special-category startups; MentorTN portal to help budding startups reach out to established entrepreneurs, professionals and subject matter experts

VC funding in India down 30 per cent in 2022: Venture Intelligence

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession

Startups to attract large foreign direct investments in 2023: DPIIT Secy

"Presently, India has one of the most liberalized FDI policies wherein very few sectors require government approval"

Tredence raises $175 million in funding from Advent International

Private equity firm Chicago Pacific Founders (CPF), an existing investor, will continue to be "a meaningful shareholder", said Tredence. CPF invested in Tredence in December 2020

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

Legal tech start-ups have raised $57 mn in funding since 2013: Report

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

Hotels to tickets: Travel return fuels growth for online travel aggregators

EaseMyTrip, Airbnb and OYO among companies reporting steady growth in business as pandemic wanes

IIFL fintech fund picks up 16% in Insurance Samadhan for $2 million

The IIFL Group's early-stage investment vehicle, IIFL Fintech Fund, has invested $2 million (around Rs 16.5 crore) in insurance technology startup Insurance Samadhan for a 16 per cent stake

VC funds reduce number of deals with start-ups by a fifth in 2022: Study

Total investment in such firms in India stood at $23 bn in 2022, compared to $35 bn in 2021

Is Byju's experiencing growing pains?

Creditors of India's most-valued unicorn Byju's are pressuring it to sell off its US assets to repay loans. Is the edtech major still facing the growing pains of a start-up or spiralling downhill?

Java Capital launches Rs 75 cr seed fund, announces first close at Rs 30 cr

Firm will invest in at least 15 technology and fintech start-ups, expects final close in 6 months

Waiting for a thaw: Four charts give a peek into the funding winter

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