Page 2 - Fundings

Start-ups beyond the founders: 2023 seems to be the year of changing roles

The funding winter and greater demands for accountability are encouraging promoters to step away from executive roles

Vistara cash flow sufficient, won't need fund infusion for 6 months: CEO

Tata-Singapore Airlines joint venture made its first net profit in December-end quarter

Deeptech battery startup Log9 raises $40 million, aims global footprint

Log9, backed by its recent series of investments, aims to solve the challenges around safety, reliability, and performance by investing further into cell and battery technologies

Google-backed ShareChat, Dunzo hand out pink slips to employees

This comes amid the current funding crunch in the Indian start-up ecosystem

National start-up day: Amid funding cloud, hopes for fresh pitch

Start-up funding in the cou­ntry declined 33 per cent during the year, the PwC data showed

Logistics management firm Locad raises $11 million in Series-A funding

Locad's logistics engine works with brands such as Levi's, Reckitt Benckiser, and Emma Sleep

B2B wholesale platform ApnaKlub raises $16 mn in Series A funding round

The funds will be used to enhance a digital platform for kirana store owners and wholesalers in tier-2 and tier-3 cities to purchase goods and service

Start-up funding dips 33% YoY in CY22, early-stage funding grows: PwC India

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

Park+ raises Rs 140 crore for biz expansion, to hire 200 employees

Car services management app Park+ on Tuesday said it has raised Rs 140 crore in a funding round led by Epiq Capital, Matrix Partners India and Sequoia Capital India. The company plans to utilise the fund to expand its presence to over 100 cities, to hire more than 200 employees and expand its services verticals, Park+ said in a statement. "The fund (Rs 140 crore) that we have raised will help us in strengthening our team and expanding presence to over 100 cities. The part of the fund will be used for launching more used cases," Park+ Founder and CEO Amit Lakhotia told PTI while sharing details of the funding. Park+ has over 700 employees across India. Lakhotia said that the company has access control business in 20 cities, parking business in 10 cities, dealership business in 30 cities and the company will scale up across different verticals and touch 100 cities in the next 6-8 months. The company helps users find a parking spot, track challans, recharge FASTag, renew insurance, c

Indian startups brace themselves for deepening funding winter in 2023

Indian startups, which saw a massive 35 per cent drop in funding in 2022 -- from $37.2 bn in 2021 to $24.7-- are bracing themselves for a deepening funding winter in 2023 as recession fears loom

We Founder Circle became India's largest angel investor network in 2022

The platform became one of the fastest-growing angel network communities and has already facilitated funds worth over Rs 100 crore across 53 startups with 71 deals, it said in a statement

SpaceX valued at $137 billion in latest funding round, says TV report

Space Exploration Technologies Corp. is raising $750 million in new fundraising, which values the company at $137 billion, CNBC reported

Shriram Finance gets $100 mn funding from ADB for inclusive financing

Money will be used improve the status of underserved communities in India, other objectives

'Fluff of high valuations' has settled for firms: Padmaja Ruparel

Entrepreneurial expectations have become more realistic, says co-founder of India's largest group of angel investors

Co-working major WeWork India raises Rs 550 crore from BPEA Credit

Co-working major WeWork India on Monday said it has raised Rs 550 crore from funds managed by BPEA Credit for future growth and acquisition opportunities as it seeks to tap rising demand for flexible spaces. In 2017, WeWork Global had partnered with Bengaluru-based real estate firm Embassy Group to enter the Indian market. At present, WeWork India has a portfolio of around 70,000 desks spread over 6 million square feet area in 41 centres across six cities -- Bengaluru, Mumbai, Gurugram, Noida, Hyderabad, and Pune. The amount will be used for future growth and potential consolidation opportunities, WeWork India said. In 2020, WeWork India raised Rs 750 crore from WeWork Global, which the company said played an instrumental role in stabilising the business during the pandemic. WeWork Global has around 27 per cent stake in WeWork India. "Flexibility is paramount in today's workforce and the investment by BPEA Credit stands testament to the massive growth opportunity for flex workspac

Tiger Global-backed Battery Smart raises Rs 75 cr in funding from Stride

Company will use the financing to add more batteries to its network and expand services

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

Rs 25 cr to be granted for Mangaluru industrial cluster in Karnataka

The Karnataka government will release a seed capital of Rs 25 crore for setting up an industrial cluster in the city, state Minister for IT, BT and Higher Education Ashwath Narayan said on Saturday. The government will also establish a two-lakh square feet 'Mangaluru Innovation Hub' through Karnataka State Electronics Development Corporation (KEONICS), aimed at encouraging industrial development of coastal districts, he said, addressing the Mangaluru Technovanza organised by the Mangaluru Cluster of Karnataka Digital Economy Mission (KDEM). The minister said the innovation hub will be established in cooperation with Infosys and other companies, which will cater to the industrial development of Dakshina Kannada, Udupi, Uttara Kannada and Kodagu districts. Narayan praised the coastal region, especially Dakshina Kannada and Udupi districts, for being the cradle of banking. The region has a suitable, conducive and enterprising environment and the government is keen to develop the ...

Banks reluctant to lend to e-bus makers on concerns of recovery of dues

Lack of funding is limiting the ability of e-bus makers to participate in federal govt tenders to supply to states, the sources told, threatening to slow the electrification of major public transport

Banks renew AT-1 sales after two-month gap, PSUs lead pack to raise credit

Public sector lenders would end up issuing around Rs 13,500 cr worth of such bonds in coming weeks