Page 27 - Startups

$17.2 bn infused in Indian startups by VC firms during Jan-July: Report

Venture capital firms infused a total of $17.2 billion investment into the Indian startup ecosystem during January-July 2021

Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report

Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said

Oyo raises $5 million from Microsoft at $9.6 billion valuation

The company is aiming to transform itself to a global full-stack technology provider for small and mid-sized hotels and homes

Manufacturing startup Zetwerk's valuation tops $1 bn, joins unicorn club

The firm has raised $150 mn in a Series E funding round led by D1 Capital Partners

Hashnode raises $6.7 mn in Series A fundraise led by Salesforce Ventures

This funding follows a $2.1 million seed funding round in December 2020.

Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise

Postman was founded in 2014 by Abhinav Asthana, Ankit Sobti, and Abhijit Kane

RaRa Delivery raises funding to move all Indonesian deliveries to same-day

Founded by Karan Bhardwaj, RaRa Delivery's tech team is based in India, with an aim of scaling its India operations

Amazon, Premji Invest back fintech smallcase in $40 mn funding

The capital raised will be used to launch better investment products for the retail investor

Fresh funding to boost DrinkPrime's safe and clean drinking water mission

With most of the water in the plastic cans being unsafe and with less than 5 per cent of Indians actually owning a water purifier, the problem is real and DrinkPrime is addressing that.

RaRa Delivery raises $3.25 mn led by Sequoia Capital's Surge, East Ventures

RaRa Delivery is Southeast Asia's only last-mile logistics company in the one to three-hour deliveries segment for e-commerce

PFRDA can't allow investment in startups due to valuation process: Chairman

The key issue is to report NAV on a daily basis, which is not possible in the case of startups

Rage Coffee raises $5 mn in Series A round led by Sixth Sense Ventures

Rage is disrupting the core instant coffee segment by launching flavored instant coffee (Mocha mint, Irish hazelnut, Dark chocolate, etc) along with products such as roast coffee, and cold brew coffee

Healthtech startup Ultrahuman raises $17.5m in Series B funding round

The Series B funding came from Alpha Wave Incubation (AWI), which is backed by DisruptAD and managed by Falcon Edge, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani's iSeed

Bike taxi startup Rapido raises $52 mn to expand operations across India

With its latest round of funding, Rapido will be making strategic investments in innovations, technology, people, and supply

CoinDCX is India's first crypto unicorn as country debates virtual assets

Latest funding round values the firm at $1.1 billion, says CoinDCX CEO.

Upgrad in unicorn club with $1.2 bn valuation as IIFL on-boards with $25 mn

Online education platform Upgrad has raised its third external funding of $25 million from the IIFL Group, helping the re/up-skilling company join the unicorn club with a valuation of $1.2 billion

Will handhold startups, artisans for entry into field of exports: FIEO

Apex trade promotion body FIEO on Saturday said it will handhold startups, artisans and farmers to facilitate their entry into the field of exports

Sebi relaxes sweat equity norms for new-age technology cos

Markets regulator Sebi on Friday decided to provide relaxations on the quantum of sweat equity that can be issued by new-age technology companies listed on the Innovators Growth Platform. Sebi said the maximum yearly limit of sweat equity shares that can be issued by a company listed on the mainboard has been prescribed at 15 per cent of the existing paid-up equity share capital within the overall limit not exceeding 25 per cent of the paid-up capital at any time. In the case of the companies listed on Innovators Growth Platform (IGP), the yearly limit will be 15 per cent and the overall limit will be 50 per cent of the paid-up capital at any time, the regulator said in a press release after its board meeting. This enhanced overall limit for IGP will be applicable for 10 years from the date of the company's incorporation, it added. The board approved the merger of two separate regulations -- Sebi (Share Based Employee Benefits) Regulations, 2014, or SBEB, and Sebi (Issue Of Sweat .

Finance concierge start-up Zeni raises $34 mn to help firms manage finances

Existing investors Saama Capital, Amit Singhal, Sierra Ventures, Twin Ventures, Dragon Capital and Liquid 2 Ventures also participated in the round

Karan Bajaj, who sold WhiteHat Jr to Byju's for $300 mn, decides to move on

Hands over baton to Trupti Mukker, a top executive at WhiteHat Jr and his classmate from IIM-Bangalore