Page 9 - Startups In India

Unbox Robotics raises $7 mn in funding from 3one4 Capital, others

Supply chain technology company Unbox Robotics on Wednesday said it has raised USD 7 million (about Rs 53 crore) in funding led by 3one4 Capital. The Series-A funding round also saw participation from Sixth Sense Ventures and Redstart Labs (Info Edge) and Unbox Robotics' founders Pramod Ghadge, Shahid Memon and its CPO Rohit Pitale, a statement said. Existing investors - US-based venture capital firm SOSV, Arali Ventures, WEH Ventures, BEENEXT, Karthik Bhat's Force Ventures, Vijay Kedia (Kedia Securities), Aditya Singh (Stride Ventures) and Pavitar Singh (Sprinklr) as well as Rahul Chaudhary (Treebo Hotels), Nikhil Vora and Kathan Shah (Sixth Sense Ventures), and Veda VC also participated in the funding. The funds raised will be mainly used to expand the team across functions, fulfil the customer demand internationally, R&D and expand to new geographies, it said. The company said it has already onboarded some of the largest e-commerce and logistics enterprises as early adopters ..

Advent takes majority stake in digital engineering services company Encora

Warburg Pincus, the present majority shareholder of Encora, would retain a minority stake

Experiential learning app Practically raises $5 mn in strategic investment

The experiential learning app will leverage these investments to expand its operations across India, Middle East and SouthEast Asia

Flipkart's Shopsy eyes largest grocer tag, rolls out services in 700 cities

Shopsy would leverage Flipkart's grocery supply chain infrastructure and tech capabilities to provide consumers access to an expansive range of products to over 5,800 pincodes

This Odisha-based IT Startup has grown from NIL to 3 Crores Revenue in just 3 Years.

A 1st Generation Company With Young & Dynamic Team Members.

CoinDCX, India's first crypto unicorn, plans IPO 'as soon as' govt allows

Indian regulators have gone back and forth on their stance toward the burgeoning crypto industry.

Park+, app for car users, raises $25 mn from Sequoia, Matrix, Epiq

The platform helps in parking, FASTag management, car insurance and vehicle-access control systems, among other services.

SaaS platform Zvolv raises $1.5 mn, will use fund to expand business

The funding round was led by JSW Ventures, a technology-focused venture capital fund.

CEO Tarun Mehta on how Ather achieved $100-mn revenue run rate in a year

How did Ather Energy achieve $100-million annual run rate in less than a year? Its CEO Tarun Mehta discusses answer this and other questions in this exclusive interview with Surajeet Das Gupta

Nykaa IPO: How Falguni Nayar proved it's never too late to start up

From leading IPOs as an investment banker to launching one herself at 59, Nykaa's Falguni Nayar has broken all templates. We look at how she became one of India's most successful entrepreneurs

Top headlines: Zomato to invest in startups, Musk sells $1 bn in shares

Goldman Sachs is set to plow at least $30 billion into Asian alternative assets. More on that story in our top headlines this morning.

PharmEasy parent files for IPO; looks to garner Rs 6,250 crore

The issue will comprise only primary share sale

SoftBank-backed Meesho most downloaded e-commerce app globally in Oct

It was the only Indian company and e-commerce platform to feature among the 10 most-downloaded non-gaming apps worldwide

Cactus Venture Partners plans to invest $100 mn in start-ups over 3 years

Cactus Venture Partners is planning to invest USD 100 million, mostly in start-ups based in India, over the next 3 years. Cactus Venture Partners founder and General Partner Anurag Goel told PTI that the company will invest between pre-Series A to B funding rounds. The venture capital company aims to invest USD 100 million in fast-growing direct-to-consumer (D2C) brands and technology start-ups. "Almost all of our investments will be in Indian start-ups but we will look closely for those companies that can leverage our networks to grow and expand internationally," Goel said. Cactus Venture Partners (CVP) portfolio includes Auric, an Ayurveda brand targeting millennials; AMPM, a global lifestyle brand with a modern Indian aesthetic, and Vitraya Technologies, a business-to-business service-as-a-product player that functions at the intersection of health technology and insurance technology. Last month, the fund had announced an investment of around USD 1 million in Rubix Data Science

Decoded: What are the various types of start-up investors?

You hear about various kinds of fundraising - angel investments, series A, B, C, and more. And then there also are incubators, accelerators, PE-VC investors, etc. How do these differ from one another?

Ronnie Screwvala's edtech startup upGrad eyes a global learning curve

The company wants to be among the world's top six edtech companies by 2025. Here's how it plans to get there

Arora to Damera: Young promoters of start-ups enter India's rich list

Among the unicorns entering the list for the first time, the most notable names are BrowserStack's promoters

Niche businesses take centre stage with $20 bn in unicorn funding this year

Startup sectors like specialty e-commerce, enterprise subscription software and standalone business models are attracting funds and higher valuations

Edtech firm Creative Galileo gets $2.5 mn in funding led by Kalaari Capital

Kalaari Capital's investment came from CXXO, an initiative to promote female founders in India's start-up ecosystem.

Social commerce startup Meesho raises $570 mn, valuation doubles to $4.9 bn

India's unorganised retail sector, worth an estimated $792 billion, is set for the next wave of growth