Startup Funding

SVB collapse brings Softbank's startup financing under investors' lens

Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem

Scrut Automation raises $7.5 mn in funding round led by MassMutual Ventures

IT startup Scrut Automation, which specialises in Governance, Risk and Compliance (GRC) automation, has raised USD 7.5 million in a funding round led by MassMutual Ventures, a top company official said on Tuesday. Scrut Automation CEO and Co-Founder Aayush Ghosh Choudhury told PTI that the fresh round of funding took place at 4 times higher valuation compared to the last funding round a year ago when the company raised USD 3 million. Existing investors Lightspeed and Endiya Partners participated in the funding round to raise their stake in the company, Choudhury said. "We still have 40 per cent of the amount in the bank that we raised in last round. The fresh round of funding is more of strategic in nature," he said. The company will utilise the fund in product development as the company aspires to increase client base by 30-40 times by end of this year. "We at present have around 50 logos. Now we are looking to increase logos to 1,500- 2,000 by end of 2023," Choudhury said. The

Byju's in funding talks with TPG, West Asian sovereign funds as debt weighs

Negotiations are ongoing and it's unclear if the prospective investors will go ahead with a deal, the people said, who asked not to be identified as the information is private

Digital lending startup LoanTap raises Rs 24 crore in venture debt

Funding led by Lighthouse Canton through its Category-II AIF

How Tiger-backed Geniemode is building powerhouse for world fashion players

Their firm, Geniemode, today has over 250 suppliers in India and Bangladesh to serve some of the biggest names in fashion globally

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

Indian startup funding dropped by 33%, may become normal after 2-3 quarters

Many startups are using this time to tighten operating models and optimise their cash runway by deferring discretionary spends and investments

India's startup funding in 2022 double the pre-pandemic level: PwC

21 startups entered the unicorn club in 2022, highest from SaaS category

Brick&Bolt raises $10mn in funding round co-led by Accel, Celesta Capital

Construction services start-up will use the funding for technology, business expansion

With $10.8 billion, Bengaluru top city on start-up funding in 2022: Report

There were 22 unicorns in 2022, compared to 46 in 2021, and average funding before the unicorn round was around $160 million

TMS Ep333: 2022 startup funding, toy manufacturing, markets, IPEF

What does the 2022 funding winter indicate for start-ups? Does India need PLI to become a toy manufacturing powerhouse? Will the markets see a time-wise correction in 2023? What is IPEF? Answers here

What does the 2022 funding winter indicate for start-ups in 2023?

2022 was a year of reckoning for Indian startups. New unicorns halved compared to last year, and mass layoffs followed. So, how did this year change Indian start-ups? How are they prepared for 2023?

India's startup ecosystem may be staring at an extended funding winter

Thousands lost jobs amid deepening funding winter in 2022 as massive layoffs by the tech companies this year alone surpassed the levels from the Great Recession

Indian startups witness 38% decline in total funding in 2022: Reports

India added fewer unicorns this year, as the number of companies that gained billion-dollar valuations fell by half from a year earlier

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

Foodtech firm SaveEat raises $500,000 in funding to expand business

Start-up's app helps eateries sell their surplus food and gives customers discounts

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

Startup funding dips by 35% to $24.7 bn in 2022 YTD: Tracxn report

Late-stage funding fell by 45 per cent from $29.3 billion between January to November 2021 to $16.1 billion for the same period in 2022

PhysicsWallah, the unassuming underdog among edtech firms in India

While its rivals battled to stay afloat, PhysicsWallah has recorded consistent growth since the pandemic

Flipkart veteran building unified shopper identity across stores

Flash is creating a digital identity that power shoppers can use across retail sites