Page 15 - Startups
Riverwalk Holdings launches Rs 150 cr fund for investing in Indian startups
Venture capital fund Riverwalk Holdings has launched a Rs 150 crore-fund that will focus on early-stage funding of startups in India. The fund is anchored by the Singapore-based Thakral Group and has been backed by leading business houses across India and Singapore. "The lifecycle of a startup has its ups and downs and we are committed to being supportive throughout the journey. We are grateful to have like-minded investors who also share our investment philosophy," Riverwalk Holdings Founding Partner Satveer Singh Thakral said in a statement on Thursday. Riverwalk has a sector agnostic investment approach with preferred sectors such as Enterprise SaaS, Fintech and Consumer-tech and Consumer brands. The fund will invest up to Rs 10 crore per startup, and has already made four investments.
 "Riverwalk Holdings launches Rs 150 cr fund for investing in Indian startups")
Start-ups in India created value, wealth even during pandemic: PM Modi
In his monthly 'Mann ki Baat' radio broadcast, the prime minister said that on the fifth of this month the number of unicorns in India reached the 100-mark
 "Start-ups in India created value, wealth even during pandemic: PM Modi")
Indian startups continued to create value, wealth during pandemic: PM Modi
Noting that the number of unicorns in India has reached the 100-mark, Prime Minister Narendra Modi said that even during the Covid pandemic, India's startups continued to create wealth and value
 "Indian startups continued to create value, wealth during pandemic: PM Modi")
Bhaderwah potential destination of agri-tech startups in country: Jitendra
Union Minister Jitendra Singh said Jammu and Kashmir's Bhaderwah is the potential destination of agri-tech start-ups in the country
 "Bhaderwah potential destination of agri-tech startups in country: Jitendra")
Zetwerk unveils programme to help hardware startups in robotics, e-mobility
Through this programme, Zetwerk will provide a complete stack of dedicated services for each requirement of a hardware startup to expedite its journey from prototype to production.
 "Zetwerk unveils programme to help hardware startups in robotics, e-mobility")
Pune-based Repos Energy raises Rs 56 crore from Ratan Tata, others
The fresh capital as part of pre-series A funding round is in combination of equity and debt, the company said
 "Pune-based Repos Energy raises Rs 56 crore from Ratan Tata, others")
Sequoia asks founder ecosystem to tighten belt, focus on profitability
Cash burn and growth at all cost no longer being rewarded as capital turns expensive
 "Sequoia asks founder ecosystem to tighten belt, focus on profitability")
Are Indian startups staring at a tough future after a blockbuster year?
The valuation of Meesho, the Indian e-commerce rival of retail giant Amazon, more than doubled last year to $5 billion
 "Are Indian startups staring at a tough future after a blockbuster year?")
Covid-19 impact: Edtech start-ups switch to hiring mode amid record growth
Several players such as Byju's, upGrad, and Lido to almost double headcount by end of the year
 "Covid-19 impact: Edtech start-ups switch to hiring mode amid record growth")
Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak
Curbs on investment by Chinese investors a major roadblock
 "Unicorns staring at fund woes, drop in valuation amid Covid-19 outbreak")
Looking overseas: WhiteHat Jr making an aggressive bid to go global
Coding start-up growing at 150%; has 3 million registered users
 "Looking overseas: WhiteHat Jr making an aggressive bid to go global")
Byju's raises $200 mn in fresh funding; valuation surges to $12 bn
BlackRock, T Rowe Price participate in the round; the edtech major's valuation has risen by over $1 bn since last round of fundraising
 "Byju's raises $200 mn in fresh funding; valuation surges to $12 bn")
Aakash+BYJU'S' Chaudhry invests $4 million in HR automation firm HONO
HONO raises $5 mn in Series A round to double size of operations
 "Aakash+BYJU'S' Chaudhry invests $4 million in HR automation firm HONO")
Over 10 Indian start-ups may mop up at least $10 billion in IPO rush
Market boom, success of global start-ups key drivers
 "Over 10 Indian start-ups may mop up at least $10 billion in IPO rush")
Byju's in talks to acquire US target, likely to bid for Chegg or 2U
The Indian education pioneer is the country's most valuable startup, with a valuation of $22 billion
 "Byju's in talks to acquire US target, likely to bid for Chegg or 2U")
ApnaKlub raises $10 mn in series A funding round from Tiger Global
ApnaKlub allows anyone with a smartphone and an entrepreneurial drive to earn supplemental income by aggregating demand and supplying FMCG goods to retail (kirana) stores in their local community
 "ApnaKlub raises $10 mn in series A funding round from Tiger Global")
Shopflo raises seed funding of $2.6 mn from Tiger Global and TQ Ventures
First time that Tiger Global has invested in a startup at pre-product stage
 "Shopflo raises seed funding of $2.6 mn from Tiger Global and TQ Ventures")
Upskilling platform Josh Talks raises $3.5 mn from Ankur Capital, others
The firm previously raised $1.5 mn from the New York-based Media Development Investment Fund (MDIF)
 "Upskilling platform Josh Talks raises $3.5 mn from Ankur Capital, others")
President Kovind bats for entry of startups into education, health sectors
Kovind was addressing a gathering here in Maharashtra after inaugurating the permanent campus of the Indian Indian Institute of Management (IIM) Nagpur. The premier institute was established in 2015.
 "President Kovind bats for entry of startups into education, health sectors")
Explained: Why India is adding unicorns at a slower pace than 2021
According to a recent survey by Iron Pillar Funds, India is set to have 250 unicorns by 2025
 "Explained: Why India is adding unicorns at a slower pace than 2021")
