Page 2 - Start-up Funding

What explains India's unicorn boom in 2021?

This year was great for startups in India -- 42 of them went on to attain the unicorn status. More startups entered this club in 2021 than all previous years combined. What drove this unicorn frenzy?

Feminine hygiene startup Sirona raises Rs 100 cr from Good Glamm Group

Feminine hygiene startup Sirona on Tuesday said it has raised Rs 100 crore in funding from Good Glamm Group.

2am VC plans to invest $10 mn in over 50 Indian startups by 2022-end

US-based venture capital firm 2am VC on Wednesday announced plans to invest USD 10 million in more than 50 Indian startups by the end of next year. 2am VC has already made 10 investments in the first four months of this financial year. It has also made commitments to complete five more investments by the end of this quarter. "Our family has been backing young Indian entrepreneurs for over 10 years, we are and always will be unreasonably long in India. "We aspire to be our US VC investor base's boots on the ground and eyes and ears for decoding the Indian startup ecosystem. We aim to win, and win big with Indian entrepreneurs," 2am VC co-founder and partner Hershel Mehta said in a statement. The VC's portfolio includes Bimaplan, Karbon Card and BurnCal. In addition, it has co-invested with Titan Capital, 3one4 Ventures, Inflexor VC, 100X.VC, LSIP, Y-Combinator, India Quotient, Orios Ventures and iSeed.

Healthtech startup Ultrahuman raises $17.5m in Series B funding round

The Series B funding came from Alpha Wave Incubation (AWI), which is backed by DisruptAD and managed by Falcon Edge, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani's iSeed

B2B platform Apnaklub raises $3.5 mn from Sequoia Capital India's Surge

Apnaklub links kirana and general stores in the hinterland to consumer brands through its network

Chiratae Ventures starts seed initiative to enable faster access to capital

Chiratae has also introduced an application form and a dedicated website to make the process even simpler for early-stage founders

FMCG startup AnKa SumMor raises Rs 3 cr in pre-Series A round led by IPV

AnKa SumMor works with FMCG brands to help them scale up their businesses rapidly

Bus service startup Cityflo raises Rs 57 cr from Lightbox Ventures, others

The startup aims to utilise the amount raised to expand services on current and new routes

Ather Energy raises $35 mn in a funding round led by Sachin Bansal

Hero MotoCorp-backed electric two-wheeler maker Ather Energy said it has raised $35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of $23 million

Symphony Asia, Lightbox lead $12.5 mn round in jewellery start-up Melorra

The firm has been bringing in global fashion trends into lightweight gold jewellery and launching 75 designs every week with 80% of collection below Rs 35,000

Former Grab employees' start-up Nextbillionai raises $7 mn in funding

Company has launched an AI-driven mapping solution that customises APIs based on the size of the vehicles.

AI firm SirionLabs' valuation crosses $300 mn after fresh funding

The Gurugram-based company has raised $44 million in a funding round led by Tiger Global, Avatar Growth Capital.

Sequoia India leads $16 mn funding round in healthtech start-up Qure.ai

Qure.ai will use the capital to drive geographical expansion, expand product portfolio in two more areas

Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year

The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.

Start-up funding slows down in 2019 after a two-fold surge previous year

Major deals include $586 million by Tencent and others in Udaan this August, followed by $413 million by SoftBank Corp, Carlyle and Fosun Group in Delhivery

How Pankaj Karna bet on fragmented markets to build a top-class M&A outfit

An active early-stage start-up investor, he isn't obsessed with promoter credentials and focusses more on entrepreurs with clarity of mind and fire in the belly

AI firm CleverTap raises $35 mn in funding round led by Tiger Global

Funds will be used to fuel team growth across engineering, sales, and marketing across the US, Latin America, Europe, and Asia

Early-stage funding for start-ups falls 15% to $148 million in 2018

The year ended with a decline in angel investment in the final quarter, primarily on the fear of income tax notices to such investors and the associated network

Funding for start-ups sees a pick-up, but crunch for sector not over yet

Early-stage fundraising has slowed down, late-stage is robust but raising money for Series-A/B/C remains tough

Average size of start-up funding up 27% to Rs 4.6 cr: Report

The report also said angel deals have shown an annual average growth rate of 124 per cent during 2008-2015