Page 12 - Start-ups

BharatPe investors may make stake sale painful for Ashneer Grover: Experts

BharatPe founder's demand for Rs 4,000-crore payout rests on shaky ground

Karbon Card raises $15 mn from Olive Tree, Harmony, Avenir and others

Existing investors Ramp, Mercury and Orios Venture Partners also participated in current round, which has taken the total amount raised by Karbon to about $32 million

Budget 2022: Fillip to start-ups, ESOPs by capping LTCG surcharge at 15%

At present, long-term capital gains on listed stocks are liable to 15% surcharge max, while other long term capital gains suffer a graded surcharge which goes up to 37%

Budget 2022: Battery swapping policy big booster for EVs, says industry

The Union Budget for 2022-23 aims at strengthening the whole ecosystem of the EV industry, which will spur the demand for green vehicles, the EV industry said on Tuesday.

Eco Survey: Share of start-ups in patent applications rise over 5x in 5 yrs

In 2019-20, the share of start-ups in total patents filed was 3.3%; share in total patents granted was 0.51%

Economic Survey: Number of space start-ups double in 2021

Two-thirds of India's space start-ups have been added in the last two years

Indian startup ecosystem generated over 600,000 jobs: President Kovind

Hailing the Indian startup success story, President Ram Nath Kovind on Monday said the burgeoning startup ecosystem has generated more than 6 lakh jobs to date.

PM Modi lauds youth for taking India to world's top 3 in creating startups

Prime Minister Narendra Modi on Friday said that India's youth has taken the nation to the top-3 in the world in terms of creating startups.

Food delivery startup RailRestro sees 50% decline in sales amid Covid surge

The IRCTC-authorised food partner has termed the present crisis as a "blip"

Indian start-ups feel the heat of global technology-driven sell-off

Shares of the handful of start-ups listed on the domestic bourses have come off sharply from their record highs

Budget 2022: Indian startups seek friendly policies, tax incentives

Union Budget 2022-23 should introduce additional startup-friendly policies and tax relaxations to enable spending on innovation, ease-of-doing business, a slew of homegrown startups said

77% cos believe startups aiding employment scenario in India: Report

A survey has revealed that 77 per cent of respondents believe these new-age firms have a positive role in boosting the employment scenario in the country.

Lummo raises $80 mn in funding from Tiger Global, Sequoia Capital India

Lummo (previously known as BukuKas) on Wednesday said it has raised USD 80 million (about Rs 595.8 crore) in funding led by Tiger Global and Sequoia Capital India.

MyCaptain raises $3 mn in Pre Series-A funding led by Ankur Capital

This funding will be utilised to further scale course offerings, acquire more users, and expand the team

Creator economy start-up AppX raises $1.3 mn in YCombinator-led round

Company aims to support creators in making a regular source of income every month by selling products to their fan base.

Startup Your-Space raises $10 million to grow student housing biz

Student housing startup Your-Space has raised USD 10 million (around Rs 75 crore) from a clutch of investors for the expansion and growth of its business. The company has raised the amount in Series-A funding through a combination of pure equity and convertible debentures, Your-Space said in a statement. The funding round was led by personal investment from Shantanu Rastogi (General Atlantic) and Ajay Gupta's (Capital Foods) family office AJAX Capital and Holy Basil Consultancy. The round also saw participation from Manish Choksi's (Vice Chairman at Asian Paints) family office, Sunidhi Group's family office, Sanjaya Gupta (former MD & CEO of PNBHFL), among others. "The fundraising is a testament to the confidence of our stakeholders in our value proposition- sharp focus on product management and redefining customer service standards at a reasonable price," said co-founder and COO Shubha Lal. The funds will help the company deepen its presence in a competitive crowded market, she .

50 more startups with the potential to be unicorns in 2022: Report

India has 50 startups with the potential to achieve the coveted unicorn' status in 2022 and by the end of the year, the list of the new-age companies valued at over $1 billion will be at least 100

Agritech startup DeHaat acquires Helicrofter, to empower farmers

Agritech startup DeHaat on Monday said it has acquired Maharashtra-based B2B agri-input marketplace startup called Helicrofter, for an undisclosed sum

Will Singapore's Vertex SPAC IPO benefit any Indian startups?

The hottest rage in the US financial markets during the COVID-19 pandemic years of 2020 and 2021 was the SPAC - special purpose acquisition company

Start-up Inc urges policy push, focus on smaller towns for sector's growth

Founders and investors laud move to celebrate National Start-up Day on January 16 - but say that more needs to be done to help sector