Indian Startup Factory

Indian consumer tech sees huge value creation with $250 bn in valuation

The last five years have seen 4,351 consumer tech deals and $54 billion in deal flows in India, a new report has shown, adding that the Indian consumer tech space

GoMechanic Business acquired by a consortium led by Lifelong Group

According to sources, there is no clarity on what happens to the founders

As cost of capital rises, VC funding for new-age firms drops to $26 bn

The global economic downturn has made investors reconsider their commitments towards the deployment of capital into new-age firms

Mahanaaryaman Scindia expects MyMandi to turn profitable by Dec 2023

Gwalior's royal family scion Mahanaaryaman Scindia, whose name speaks volumes, has shed his legacy and ventured into building his own empire from scratch through startup MyMandi, which he expects to turn profitable in about one-and-a-half years of its business commencement. By combining his lineage of public service, lessons of creating social impact by grandfather late Madhavrao Scindia and wisdom acquired during work at global firms Boston Consulting Group and Softbank Group, 27-year-old Scindia and his firm's co-founder Suryansh Rana, 25, zeroed in on a common passion of working in agriculture sector, cut down on waste of fresh produce and logistic costs. Founded in 2022, MyMandi began operations from Gwalior where Scindia himself goes into local mandis, with a covered face to conceal his identity, for procuring fresh produce and sell the inventory to the firm's last mile delivery partners -- street vendors and cart pushers community. The formula of their venture has led to a ...

RoC to check GoMechanic's books amid allegations of irregularities: Report

According to the Companies Act, Section 264 (4), the RoC has the authority to conduct an inquiry into the affairs of a company in line with directions from the Ministry of Corporate Affairs (MCA)

Business bites: How have winners of Shark Tank India 1 fared so far

A year later as season 2 begins, start-ups that 'sharks' invested in vouch for marketing gains from it but only a few have raised funds subsequently

58% of govt-recognised start-ups centred in 5 states; Maharashtra tops list

Nearly 58 per cent of the government-recognised start-ups are confined to just five states in the country

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

Start-up Odisha growth fund gets Rs 1,000 cr commitment, disbursal in 5 yrs

Flags off Hall of Fame 2.0 with TiE Bhubaneswar

India's startup sector sees 80% drop in Q3 funding, slowdown to continue

The funding in Indian startups nosedived a massive 80 per cent (year-on-year) in the third quarter (July-September period) this year, with the late stage funding seeing the biggest fall

Agritech start-up Otipy to hire 250+ people including 100 freshers

/ -- Delhi/NCR-based agri-tech startup Otipy operated by Crofarm is planning to hire more than 250+ employees this fiscal. The company is looking for fresh talent across various departments including Sales & Marketing, Data & Analytics, Technology, Product Management, Operations & Supply chain, Procurement, etc. As a fast-growing company, the startup is expanding its operations to different parts of the country and has mapped out a plan to generate employment opportunities for freshers as well as seasoned professionals through job aggregators and direct applications. Otipy is a young organization with a workforce of 400+ employees, the start-up has recently added young, energetic, and sharp talent across functions from different groups of institutions/ colleges along with experienced employees and with this announcement the company looks forward to adding more talent in the coming days. In light of the current hiring process, Mr. Varun Khurana, Founder & CEO of Otipy ..

John Abraham, others invest Rs 4 crore in icecream maker NOTO

Actor John Abraham and a clutch of venture capital (VC) funds have invested Rs 4 crore in NOTO, the low-calorie and high-protein icecream brand said on Tuesday

Govt to scale up network of incubators, accelerators to spur start-ups

Government is committed to scaling up the network of incubators and accelerators massively over the next three years, Minister for Electronics and IT Ashwini Vaishnaw said on Tuesday

Foreign funds colonising Indian startups: Naukri.com founder Bikhchandani

Naukri.com and Zomato investor said foreign funds are the new East India Company that are colonising successful Indian startups by transferring ownership abroad to skip Indian regulations and taxes

IndianStartupFactory gets Sebi's nod to launch Rs 2-bn maiden India VC fund

Markets regulator Sebi has given approval to IndianStartupFactory to launch Rs 200-crore maiden India venture capital fund which will invest in startups as well as small and medium enterprises (SMEs). The move would increase funding accessibility and give momentum to upcoming ecosystems, including startups and SMEs, IndianStartupFactory said in a statement Wednesday. The fund -- ISF Special Opportunity Fund--will invest in startups, SMEs and MSMEs (Micro, Small & Medium Enterprises). "The fund's mantra is based on a simple fact of business known as Profitability. We are not here to make investments as betting game market, but rather make significant and real companies, having clear prospects of a healthy bottom line," ISF Special Opportunity Fund Founder Kapil Kaul said. He further said: "We have a vision of doing diligence as a private equity and investing a ticket size of a venture capital.This unique method is scientific and is not easily attainable, but it does give our fund