Page 17 - Startups In India

Cred raises $81 million funding, undertakes $1.2 million buyback plan

This gives the fintech firm a post-money valuation of $806 million (about Rs 5,883 crore)

DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors

The company has successfully targeted India's fast-growing, mid-income demographic of 500 million new-to-internet users

Foreign funds colonising Indian startups: Naukri.com founder Bikhchandani

Naukri.com and Zomato investor said foreign funds are the new East India Company that are colonising successful Indian startups by transferring ownership abroad to skip Indian regulations and taxes

Amidst Pandemic Mahesh Jadhav, a Tech Entrepreneur holds accountability to encourage youth for Internet Startups

.

Developing ecosystem for setting up 10,000 start-ups: Uttar Pradesh govt

Uttar Pradesh has created a Rs 1,000 crore 'Star-tup Fund' with Small Industries Development Bank of India

Six Indian startups that beat the pandemic to become unicorns this year

Three unicorns have emerged in fintech space and one each in software, edtech and beauty space. A unicorn is a privately held startup that is valued at $1 billion or more

Chargebee, start-up that helps companies in billing, raises $55 mn

Insight Partners led the financing round, with existing investors Steadview Capital and Tiger Global joining in. The nine-year-old start-up has raised $105 million to date

Indian unicorns diversifying to newer biz segments ahead of mega-IPO plans

A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans

Parliamentary panel bats for abolishing LTCG on startup investments

This should apply to investments made through collective investment vehicles such as angel funds, alternate investment funds and investment LLPs

Ronnie Screwvala's upGrad aims to take higher education offerings overseas

upGrad has earmarked Rs 500 crore for investments in the next 18-24 months for its overseas expansion

Reverie: Startup that helps firms connect with users in Indian languages

Reverie is a full-stack Indian-language product and technology company with several tools to create content, conversion of speech to text and text to speech

Govt launches new Aatmanirbhar Bharat schemes to support MSMEs, start-ups

The Centre on Wednesday launched the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme to support MSMEs and start-ups for making India innovative, resilient, tech-driven, and research and development (R&D)-oriented. The Niti Aayog's Atal Innovation Mission (AIM), in collaboration with ISRO and four ministries, will focus on challenges in 15 sectors through the programme. "This support for MSMEs (micro, small and medium enterprises) and start-ups in product development would make India innovative, resilient, tech-driven and R&D-oriented," Niti Aayog CEO Amitabh Kant said at the launch of the Aatmanirbhar Bharat ARISE-Atal New India Challenges programme. He added that the programme provides a great opportunity for the government to become the first buyer of indigenous Made in India technology solutions. Kant also expressed hope that the Atal Innovation Mission, through the ARISE-Atal New India Challenges, will help in breaking new ground and this will be a ...

Zomato raises Rs 456 cr from Temasek subsidiary MacRitchie Investments

Business Standard had earlier reported in August that the Bengaluru-based company was planning to raise capital from MacRitchie by allotment of 15,188 shares

Unacademy is like the Netflix for live education: CEO Gaurav Munjal

In an interview with Samreen Ahmad and Bibhu Ranjan Mishra, Gaurav Munjal of Unacademy says the Covid-19 pandemic may have shortened the time the company has taken to achieve $1.45 billion valuation

Venture Catalysts raises Rs 100 cr for investing in over 100 startups

Angel investor Venture Catalysts (VC) on Tuesday said it has raised Rs 100 crore for a new fund which will invest in over 100 Indian startups. The '9unicorns Accelerator Fund' of VC is built along the lines of Silicon Valley's accelerator fund Y Combinator's strategy which has over 2,000 investments. This is the first close of Rs 100 crore or USD 14 million for the fund, which will focus on identifying startups early and would prefer to be the first external investor in a company's journey, a company statement said. VC's founding team members Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain and Gaurav Jain are the founders for the fund, it said. There's no better time to bet on Indian entrepreneurs than today. We are witnessing a surge in startups who are focused on solving Indian and global problems born out of various parts of India, Sharma, who was an early investor in Oyo Rooms, said. Most startups struggle to raise their first round of funds in India and have to mostly rely on

Accel wants to democratise access to knowledge for startup community

Accel's SeedToScale platform aims to share highly-curated insights, networks and playbooks from founders, investors and operators with the startup founders

IndiaFilings to launch 10,000 start-ups under 'Aatmanirbhar Bharat' mission

The government has streamlined various services and simplified the forms to make same-day incorporation of the company possible in India

India is home to 21 unicorns, collectively valued at $73.2 billion

Eleven of these are backed by three Chinese investors

India's aerospace start-ups eye rocket launches and planetary missions

Private firms being allowed to build facilities and work within Isro's premises will throw big opportunities for country's aerospace startups

Milk Mantra raises $10 million from US-based DFC, gets tech package too

The dairy start-up has cumulatively raised Rs 300 crore, which will be largely invested in Odisha to empower local dairy farming community and create indirect jobs