Page 14 - Startups In India

Trial & error: How India's new unicorn Meesho cracked social commerce code

Born in December 2015, Meesho's goal is simple-to help small businesses get online and sell through social media platforms such as WhatsApp, Facebook and Instagram

AR-based toy startup PlayShifu raises $17 mn in Inventus-led Series B round

Existing investors Chiratae Ventures and Bharat Innovation Fund also participated in the round. With this round, the company has so far raised a little over $25 mn

Oye Rickshaw raises Rs 24 cr from Alteria Capital to expand EV energy infra

Electric vehicle energy solutions firm Oye Rickshaw on Monday said it has raised Rs 24 crore from Alteria Capital to expand smart lithium-ion batteries swapping stations across India

Cred boss, Unacademy co-founder, others back healthcare startup Onsurity

The startup which began its journey last Feb has on boarded 700 SMEs as healthcare partners

Uniphore raises $140 million as demand for enterprise AI increases

2020 sped up digital imperatives for companies as it put focus directly on AI and automation to drive that transformation of what experts agree is projected to be a $500 bn-plus market opportunity

B2B startup Udaan witnesses huge surge in business across Bharat

Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year, says Udaan co-founder

Sebi eases listing norms for startups; alters regulations on delisting

Pre-listing holding period reduced from 2 years to 1 year; open offer trigger relaxed from 26%to 49%

Sebi approves a slew of relaxations to norms to encourage start-up listing

Sebi makes Innovator Growth Platform more accessible to companies in view of the evolving start-up ecosystem

Dukaan simplifies inventory management with Magic Upload

With the new feature, inventory uploading time to reduce by 1/10th of original time for retailers, claims startup

Dream11 parent touches $5-bn valuation after $400-mn secondary fund raise

This is the largest investment in the Indian sports tech ecosystem to date

Startup Voiro raises $1.8 mn in investment round led by Mela Ventures

This is Mela Ventures' third investment since its first close of the fund in August 2020

IPV leads seed round in FMCG startup Happy Jars

The startup currently has a turnover of Rs 2 cr in the Rs 250-crore market

D2C fashion brand Bewakoof raises Rs 30 cr from IvyCap Ventures

Direct-to-consumer (D2C) fashion brand Bewakoof on Thursday said it has raised Rs 30 crore from IvyCap Ventures. The fresh proceeds would help the company in the growth journey towards a Rs 1,000 crore company by financial year 2024, it said. "Bewakoof has raised Rs 30 crore from IvyCap Ventures Trust Fund II. The fresh infusion has come 10 months after their previous fundraise. Last year, Bewakoof had raised Rs 8 crore in May 2020 after raising from Investcorp in October 2019," the company said in a statement. Bewakoof intends to invest the funds in enhancing customer experience, technology and newer product categories as it prepares for the next phase of growth. Founded in 2012, Bewakoof claims to have registered revenue of over Rs 200 crore in financial year 2019. Due to the pandemic, the company expects revenue to be 30-35 per cent lower than pre-COVID numbers, but with better unit economics than the previous year. Bewakoof is backed by institutional investors like Investcorp

Cashify announces ESOP buyback plan worth $1 million for employees

Cashify is a re-commerce marketplace that sells and buys used electronic gadgets

Startups to gain as investment rules ease for pvt domestic pension funds

Indian capital has yet played a small role in the growth of domestic startups, but that could change after the ministry freed alternative investment funds

India got VC investments worth $10 bn last year, 7,000 new startups: report

Consumer tech and SaaS saw 'continued momentum' despite lockdowns to contain Covid-19, says report.

B2B startup Udaan sees demand for electronic products rising in lockdowns

400 sellers clocked sales worth Rs 1 crore each on website for gadgets last year, says company

Ratan Tata-backed startup Generic Aadhar launches pharmacy aggregator app

The startup procures generic medicines from around nine major pharmaceutical manufacturers

Ed-tech firm Vedantu to hire 2,500 people in next 3 months

Ed-tech platform Vedantu on Tuesday said it aims to hire 2,500 employees in the next three months across the board

Startups to drive India's quest for a chunk of small satellite launch pie

Frugal innovations by the Indian startup community are bringing down the cost of launching small satellites into space