Page 13 - Start- Ups
Annual investments into startups increase to $36 bn: DPIIT Secretary
Investors are taking huge interest in the country's startup ecosystem and in the last one year, annual fundings into startups have increased from $11 billion to $36 billion
 "Annual investments into startups increase to $36 bn: DPIIT Secretary")
Agritech startup Pepper Farms raises $1 mn as seed funding from investors
Agritech startup Pepper Farms has raised $1 million (around Rs 7.39 crore) from investors to grow its business
 "Agritech startup Pepper Farms raises $1 mn as seed funding from investors")
Direct overseas listing of Indian startups not expected in Budget FY23
The industry department is examining the matter to understand exactly what the startups want, DPIIT secretary Anurag Jain says
 "Direct overseas listing of Indian startups not expected in Budget FY23")
Plixxo, MissMalini, Winkl and Vidooly to create largest creator platform
Beauty conglomerate Good Glamm Group has invested Rs 200 crore seed capital in the new creator platform called Good Creator Co.
 "Plixxo, MissMalini, Winkl and Vidooly to create largest creator platform")
We Founder Circle: Creating a platform of angels for early-stage startups
The community the firm has built is India's second largest angel network, with 2,000 founders and strategic investors from 16 countries. It closed its first year with 33 investments worth $20 mn in al
 "We Founder Circle: Creating a platform of angels for early-stage startups")
100X.VC plans to invest in 100 early-stage start-ups this year
Combined valuation of first 5 batches of portfolio companies at $211 million
 "100X.VC plans to invest in 100 early-stage start-ups this year")
B2B manufacturing start-up Groyyo raises $4.6 mn led by Alpha Wave
Founded in July 2021 by Subin Mitra, Pratik Tiwari and Ridam Upadhyay, Groyyo has already partnered over 200 manufacturers across categories
 "B2B manufacturing start-up Groyyo raises $4.6 mn led by Alpha Wave")
D2C start-up Mamaearth becomes the first unicorn of 2022 with $52 mn round
Along with launching new brands, Mamaearth's parent company Honasa Consumer will continue expanding distribution for existing brands
 "D2C start-up Mamaearth becomes the first unicorn of 2022 with $52 mn round")
10,000 start-ups built in last 6 months, says Modi in speech praising IITs
India has more than 75 unicorns, he says in speech crediting premier colleges for role in innovation.
 "10,000 start-ups built in last 6 months, says Modi in speech praising IITs")
India emerged as second biggest startup hub in world, says PM Modi
Prime Minister Narendra Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the IITs
 "India emerged as second biggest startup hub in world, says PM Modi")
How India's family offices are striking out on their own in start-up land
Not only that, 83 per cent family offices have an allocation to private markets that is more than 10 per cent of their overall asset distribution
 "How India's family offices are striking out on their own in start-up land")
Kerala start-up Allabout Innovation's virus neutraliser makes waves
The start-up's clients include BP Plc, DP World, UFO Movies, Indian Oil Corporation, Indian Airforce, and presidential palace in UAE
 "Kerala start-up Allabout Innovation's virus neutraliser makes waves")
9 startups chosen at KSUM event to boost entrepreneurship among women
A two-day event organised by Kerala Start-up Mission, selected nine startups for funding aimed at boosting core female participation in various businesses.
 "9 startups chosen at KSUM event to boost entrepreneurship among women")
Health-tech startup Pristyn Care raises $96 million in Series E round
Health-tech startup Pristyn Care on Wednesday said it has raised USD 96 million (around Rs 730 crore) in Series E round.
 "Health-tech startup Pristyn Care raises $96 million in Series E round")
India becoming global hub for innovation with startup ecosystem: Goyal
Union Minister of Commerce and Industry Piyush Goyal on Tuesday said India is becoming the global hub for innovation with the third-largest startup ecosystem.
 "India becoming global hub for innovation with startup ecosystem: Goyal")
Chinese AI startup SenseTime postpones $767-mn Hong Kong IPO after US ban
SenseTime said it remained committed to completing the offering and would publish a supplemental prospectus and an updated listing timetable
 "Chinese AI startup SenseTime postpones $767-mn Hong Kong IPO after US ban")
Grofers rebrands itself as Blinkit with pivot to instant commerce
Zomato, in July, said it has invested $100 million (around Rs 745 crore) for acquiring a minority stake of over 9 per cent in Grofers
 "Grofers rebrands itself as Blinkit with pivot to instant commerce")
Start-ups can be more successful with less govt interference: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal on Sunday said that the less the government interferes in the start-up ecosystem, the more potential it will have to be successful.
 "Start-ups can be more successful with less govt interference: Piyush Goyal")
Byju's 13th most valued unicorn, first Indian start-up to reach $21-bn
India could surely have had more $10 billion plus start-ups in 2021 had it not been for the pandemic
 "Byju's 13th most valued unicorn, first Indian start-up to reach $21-bn")
Investing in start-ups? Forget FOMO, join JOMO: R Venkataraman
The kind of investing frenzy we are witnessing now usually happens at the fag end of the cycle
 "Investing in start-ups? Forget FOMO, join JOMO: R Venkataraman")
