Page 22 - Startups

Zluri raises $10mn in series A funding round led by MassMutual Ventures

Zluri had earlier raised $2 million from Endiya Partners and Kalaari Capital, in its seed round in January 2021.

B2B payments app Rupifi raises $25 mn from Bessemer, Tiger Global, others

The latest funding is Rupifi's second investment round within nine months, since the pre-series-A round in March 2021

Innoviti raises Rs 80 cr in first close of its Series D fund round

Innoviti is looking at raising Rs 400 crore in primary funding in Series D to fuel its growth with a plan for a listing in the next two to three years.

Record number of unicorns in 2021 as race for such valuation takes longer

Karnataka has emerged the biggest source of start-ups in India

India's technology start-ups set to continue IPO rush into 2022

Delhivery, Snapdeal, PharmEasy, OYO and Ola are among those slated to list in the bourses in the coming year

India emerged as second biggest startup hub in world, says PM Modi

Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the Indian Institutes of Technology (IITs)

Unicorns turn into strategic investors; Zomato grabs a big pie

Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow

A selection of the five best books in a year of start-ups and unicorns

Looking back at 2021, we take note of the top start-up-related books published this year that shed new light on this space

Fintech startup Khatabook plans to double employee base in 2022

The company said that it will continue to strengthen its talent base in 2022 by accelerating hiring across engineering, design, product and data teams

Eggoz raises $3.5 mn in Series A funding round led by NABVENTURES

With this funding, Eggoz intends to increase its brand footprint, launch egg-based value-added products, and enter new geographies.

India displaces UK to be third top country hosting unicorns: Report

However, the US and northern neighbour China, who occupy the first two ranks, are way ahead, according to the data compiled by Hurun Research Institute

The limits of unicorns

Start-ups cannot be a growth engine for the Indian economy

Gruhas Proptech plans to launch $150 mn-proptech focussed fund

Gruhas Proptech, backed by Zerodha promoter and Puzzolana Group, plans to launch a USD 150 million proptech focussed fund in the first quarter of next financial year

'Shark Tank India': Pitch perfect reality comes to Indian TV

The "sharks" were initially apprehensive about facing the camera, but they were assured that the show would be unscripted

Zepto races to $570 mn valuation, says median delivery time is 8:24 min

The company said it has been tripling its user base every month

Hevo raises $30 million in funding from Sequoia Capital India, others

The company plans to use the funds to scale sales and marketing efforts, double the focus on building new products, and build teams in the US and Europe

Venture Catalysts made 207 bets in 2021, biggest exit brought 80x returns

IPO rush encourages early stage investor to dial-up deals up to Series C rounds

What is general corporate purpose, why it is under SEBI lens?

SEBI has proposed change in listing norms to bring in more transparency. One was to cap the amount companies, mainly start-ups, can raise under general corporate purpose or GCP. Find out what is GCP

Bengaluru-based Third Wave Coffee raises $6 mn in Series A funding round

The Series A funding comes just months after the start-up closed its pre-Series A funding round in April from a clutch of investors.

Less govt interference will make startup ecosystem grow: Piyush Goyal

The Minister of Commerce and Industry was addressing a gathering during a visit to the Science and Technology Park at the Savitribai Phule Pune University (SPPU)