Page 8 - Startup Funding

Dunzo raises $40 million in funding from Google, Lightbox and others

The funding round saw participation from new and existing investors, including Google, Lightbox, Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria, among others

Salesforce Ventures leads funding round of $15 mn in tech startup Darwinbox

Darwinbox is a human resources technology platform and its technology powers more than 500 global enterprises with over 1 million employees spread across 60 countries

The Year That Was: How startups survived 2020 with resilience, pivots, hope

In the startup world, the Covid-19 pandemic was an eye-opener. The highly funded and well-paying startups were in fact the first to let go of their employees

Flipkart partially spins off PhonePe in $700 million fundraising round

E-commerce major Flipkart announced a "partial spin-off" of PhonePe as the digital payment firm raises $700 million in funding, valuing it at $5.5 billion

Clover Health to go public via $3.7 billion deal with Social Capital

The combined cash-and-stock deal includes a $100 million investment from venture capitalist Chamath Palihapitiya and $50 million from Hedosophia

Ratan Tata backed CashKaro raises $10 mn from investors in Series B funding

The company had previously raised their Series A and angel round of funding from Kalaari Capital, Ratan Tata, and London-based angel investors

Developer tools start-up Hasura raises $25 million in Series B funding

Lightspeed Venture Partners leads round, with participation from existing investors Vertex Ventures, Nexus Venture Partners, Strive VC and SAP.iO Fund

Desi professional network startup Apna raises $8 mn in Series A funding

The startup that seeks to provide access to local job opportunities to blue and grey collared professionals has raised the funding from Lightspeed and Sequoia Capital

Info Edge founder wants a hat-trick after Zomato, PolicyBazaar success

To pump in money more aggressively, Sanjeev Bikhchandani's company has set up its own alternative investment fund, Info Edge Ventures, for early stage investments

EV manufacturing startup Grinntech attracts $2 mn funding from investors

Grinntech, which was incubated at IIT Madras, unveiled a range of high-tech batteries with designs customised to Indian conditions along with its proprietary

Startup funding down 29% in first half of 2020 amid Covid-19 crisis: Tracxn

Only 443 companies were funded in the January-June period this year against 725 in H1, 2019

Blocking Chinese funding will adversely impact Indian start-ups: GlobalData

GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.

Start-ups looking to tap into venture debt, avoid large funding rounds

Most start-ups are also not expecting to get the right valuation at this time, as the lockdown imposed to curb the virus' spread has severely disrupted business

Fintech start-up Lendingkart raises Rs 319 crore in series-D funding

The round was led by existing investors including Fullerton Financial Holdings, Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient

Ratan Tata picks up stake in an 18-year-old's pharmaceutical start-up

Invests undisclosed amount in Generic Aadhar in personal capacity; firm claims annual revenue of Rs 6 cr, seeks to scale it up to Rs 150-200 cr in three years

Supply constraints to funding woes: Health start-ups in the age of Covid-19

Several have been hit by a large-scale migration of workers which has caused labour shortage. So while demand is high, supply is the pain point

Coronavirus to cripple Indian start-ups, firms struggle to pay salaries

Firms say they are conserving cash and postponing expansion plans

Ixigo invests in gogoBus mobility startup, enters bus-booking segment

With this investment, Ixigo has entered the bus booking segment. Earlier, it had flight, trains, and hotels bookings. For gogoBus, this provides access to a ready user base.

University of Illinois offers 'soft-landings' to Indian startups in US

Its President Timothy L Killeen lauded the vibrant Indian startup ecosystem and said his university with its experience and being located "at the heart of the market" can offer help to such firms

Venture Highway raises $78 mn to fund early-stage tech companies in India

With portfolio companies such as Meesho, Sharechat, Moglix, and Cars24, the early-stage investment firm has so far invested in 20 start-ups