Page 4 - Startups In India

Alteria announces first close of third venture debt fund at Rs 1,000 cr

The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors

Kaivalya Vohra: The Standford dropout who took startup ecosystem by storm

In an interview with Business Standard, Kaivalya Vohra talks about dropping out from Stanford and starting his venture, the current startup scenario and the future of quick commerce in India

Fireside Ventures announces $225-mn fund for investment in Indian startups

Venture capital firm Fireside Ventures on Wednesday announced closing of its third fund at USD 225 million or Rs 1,830 crore, which it plans to invest in Indian startups over a period of the next 10 years. The new fund is double the size of its previous fund. "We have closed out Fund III at USD 225 million which is about Rs 1,830 crore. We plan to invest Fund III in 25-30 startups in keeping with the Fireside thesis of digital-first consumer brands, across the spectrum of health and wellness, edutainment, lifestyle and FMCG," Fireside Ventures Partner Kannan Sitaram said here. According to Fireside Ventures, the market for D2C brands in India is set to touch USD 100 billion by 2025. Fireside Ventures has invested in 31 brands that include The Baker's Dozen, boAt, Mamaearth, Bombay Shaving Company etc. Launched in 2017, Fireside Ventures with the close of its Fund III has Rs 3,000 crore (USD 395 million) of assets under management. "The first fund had a corpus of Rs 340 crore and

D2C footwear start-up Yoho raises Rs 20 cr in pre-series A funding

Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards

Ready to talk with startups to address their concerns: Sitharaman

The government is ready to talk with the startups who are contemplating moving overseas and address their issues as much as it can to help them stay in India, Union Finance Minister Nirmala Sitharaman said on Tuesday. Prime Minister Narendra Modi, she told a think-tank here, has himself engaged with startups and the government's policies have created an enabling environment as a result of which there are more than 100 unicorns in India. I have engaged, the Prime Minister with the startups to know what they want from India. And we kept as much as possible addressing their concerns. Now as a result of which, not purely as a result of which, but also because of which, you saw your Unicorns coming to reach 100 in number within the year of 2020 and 2021, she said in response to a question at the prestigious Brookings Institute think-tank. I've heard this from others as well. They (startups) are moving to Singapore, they're moving to the UAE. Well, if they want to talk to the Government o

Startup funding drops by 80% YoY to $3 bn in Q3 of Calendar 2022: Tracxn

Average ticket size also dips across all funding stages, late-stage sees biggest fall of 70%, indicating that investors aren't willing to make large investments until economic conditions improve

Flickstree raises $5 mn in pre-series B round led by Venture Catalysts

Flickstree is a content and marketing tech start-up that uses AI to create free branded video content; its data engine promote these videos, which keep churning transactions in auto-pilot mode

Govt to provide collateral-free loans to start-ups under CGSS framework

The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers)

CRED, upGrad, Groww on LinkedIn's 'Top Startups in India' list

Unified payment interface CRED, online higher education firm upGrad and investment platform Groww have topped the LinkedIn 'Top Startups List' for this year. CRED valued at USD 6.4 billion, topped the list of startups, followed by upGrad and Groww in the second and third place, respectively. This year's list also features new entrants, including e-grocery company Zepto (at the fourth place), full-stack car buying platform Spinny (7th), and insurtech startup Ditto Insurance (12th). Fitness platform Ultrahuman ranked 19th on the list, while organic food marketplace Living Food (20th) also debuted on this year's list by enabling consumers to lead a conscious and healthy lifestyle. The top ten startups on the list also include Skyroot Aerospace (5th), MBA Chai Wala (6th), The Good Glamm Group (8th), GrowthSchool (9th) and BluSmart (10th). According to LinkedIn, 13 out of the top 25 startups are based out of Bengaluru, the city affirms its reputation as the 'Silicon Valley of India'. "

Fund of Funds for startups committed Rs 7,385 cr to 88 AIFs: Govt

The Fund of Funds for startups, launched in 2016, has committed Rs 7,385 crore to 88 alternative investment funds (AIFs) as of September 24 this year, the commerce and industry ministry said on Monday. These AIFs in turn have invested Rs 11,206 crore in 720 startups, it said. The Fund of Funds (FFS) initiative has been playing a major role in mobilising domestic capital in the Indian startup ecosystem., it added. FFS was announced with a corpus of Rs 10,000 crore. The corpus is to be built up over the 14th and 15th Finance Commission Cycles (2016-2020 and FY 2021-2025) through budgetary support by the Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry. Under FFS, support is extended to SEBI-registered AIFs, which in turn invest in startups. "FFS has not only made capital available for startups at early stage, seed stage and growth stage but also played a catalytic role in facilitating raising of domestic capital, reducing dependence on foreign capi

Future of learning: Edtech start-ups' hybrid tilt to lure students

With the offline lure of greater teacher-student connect many such start-ups have forayed into brick-and-mortar centres to compete with existing offline institutions

Startups to get access to large datasets of non-personal data: MoS IT

Chandrasekhar added that some of this will also be made available for companies coming from outside India

Kuku FM raises $21.8 mn series B1 funding from Fundamentum Partnership

Funds will be used to expand Kuku FM's catalogue, strengthen its content creation ecosystem and offer more language choices to listeners, focusing on the 'Bharat' audience

Star-studded startups: Five celebrities who are betting on Indian companies

From Twinkle Khanna to Virat Kohli, many B-town celebrities and cricketers have already invested in startups ranging from food to edtech

What explains the great Indian brand rush?

Several new-age startups in the D2C space in India are increasingly being gobbled up by bigger FMCG companies. A rush for brand acquisitions is on. Watch our next report to know more

India has 100 unicorns with a value at $250 billion, says FM Sitharaman

India was home for over one hundred unicorns with a total value of USD 250 billion which have managed to raise over USD 63 billion in the last few years, Union Finance and Corporate Affairs Minister Nirmala Sitharaman said here on Saturday. Nearly 25 per cent of the start-ups in the Silicon Valley were managed by people of Indian origin and it was a matter of pride, she said at an event here. The start-up eco-system was built well in the country and all the one hundred unicorns were valued at USD 250 billion and have managed to raise over USD 63 billion from the capital markets, she said addressing new graduates at the 10th Convocation of the Indian Institute of Information Technology, Design and Manufacturing, Kancheepuram near here. "I am saying all these things because, even as you graduate from here, you all can become entrepreneurs and create jobs for others. It is not the world were entrepreneurship is worrisome or entrepreneurship has risks. It may have had the risks, (but)

76 start-ups to get govt financial support for work on water management

Seventy-six start-ups have been onboarded under the 'India Water Pitch-Pilot-Scale Start-Up Challenge' and they will be provided financial support of up to Rs 20 lakh each to work in the fields of water supply, used water management and water body rejuvenation, a statement said on Friday. The Union Housing and Urban Affairs Ministry (HUA), in the statement, said the startups have been shortlisted by it through a challenge process launched in March 2022 under the Atal Mission for Rejuvenation and Urban Transformation Mission (2.0). It said a 'Startup Gateway' has also been launched wherein the start-ups can apply and be shortlisted by the ministry for financial support. "The shortlisted start-ups will be provided financial support of up to Rs 20 lakh each to work in the fields of water supply, used water management, water body rejuvenation and ground water management etc," the statement quoted HUA minister Hardeep Singh Puri as saying at an event. The ministry also launched a toolki

India edges out China in creating new unicorns in H1CY22: Hurun report

As many as 147 unicorns worldwide saw their valuations drop in the last six months

Accenture Ventures makes strategic investment in satellite startup Pixxel

Pixxel is building world's highest resolution hyperspectral imaging satellite constellation in order to offer AI-powered insights on climate issues at a fraction of the cost of traditional satellites

Why Bengaluru might get a 'unicorn' logo and where it might be placed

A unicorn logo. That's how Karnataka hopes to celebrate Bengaluru, a city that has the most number of startups and unicorns in the country