Page 29 - Startups
India's first venture fund by startup founders launched with $85 mn corpus
The men behind the fund are Girish Mathrubootham of Freshworks, Manav Garg of Eka Software, Shubham Gupta (ex-Matrix) and Avinash Raghava (ex-Accel)
 "India's first venture fund by startup founders launched with $85 mn corpus")
ShareChat, Moj valued at $2.88 billion in $145-million fundraise
Investment was led by Singapore state investor Temasek, Moore Strategic Ventures and Mirae-Naver Asia Growth Fund
 "ShareChat, Moj valued at $2.88 billion in $145-million fundraise")
Media processing company Gumlet raises $1.6 mn led by Sequoia's Surge
Gumlet helps developers resize and optimise their images and videos in accordance with the end user's device or browser
 "Media processing company Gumlet raises $1.6 mn led by Sequoia's Surge")
Axio raises $6 mn in Series B2 equity round led by TrueScale Capital
Axio Biosolutions Private Limited, India (Axio), a wholly-owned subsidiary of Boston-based Advamedica Inc is a developer of hemostatic and advanced wound care products
 "Axio raises $6 mn in Series B2 equity round led by TrueScale Capital")
Veera Health raises $3mn in funding led by Surge, Global Founders Capital
Digital health startup for women offers nutrition therapy, lifestyle coaching and doctor support.
 "Veera Health raises $3mn in funding led by Surge, Global Founders Capital")
16 unicorns, $11bn funding: Indian startups rise sans Chinese money
The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.
 "16 unicorns, $11bn funding: Indian startups rise sans Chinese money")
A new 'Day Zero', says Zomato Co-founder Deepinder Goyal on listing
In a blog post titled "Letter from Deepi," he said Zomato will not alter the firm's focus for short term profits at the cost of the long term success of the company
 "A new 'Day Zero', says Zomato Co-founder Deepinder Goyal on listing")
Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club
BlackBuck, which digitises fleet operations for the truckers, will use these funds to further penetrate the market and launch new service offerings for its customer base
 "Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club")
Byju's acquires US-based digital reading platform Epic for $500 mn
The acquisition will help Byju's expand its US footprint; firm seeks to become a natural part of America's learning culture
 "Byju's acquires US-based digital reading platform Epic for $500 mn")
D2C personal care brand Beco raises Rs 4 cr seed led by Climate Angels Fund
With the added capital support, Beco aims to quadruple sales and encourage consumers to switch to sustainable living through their eco-friendly product range
Is the pandemic a silver-lining for startup accelerators and incubators?
Latest data from EY show PE and venture investment in startups doubled in H12021 to $6 bn. With more activity in the market, ancillary businesses like accelerators and incubators also thrived
With an eye on online shoppers. YouTube buys social commerce startup simsim
The simsim app serves as a platform to connect local businesses, influencers and customers. The company had raised $16 million in 2020
 "With an eye on online shoppers. YouTube buys social commerce startup simsim")
BMW bikes to T20 WC tickets: What BharatPe is offering to its tech joinees
The bike and gadget package is available to anyone referring tech talent to company
 "BMW bikes to T20 WC tickets: What BharatPe is offering to its tech joinees")
104 startups registered on Startup India Showcase platform: Centre
As many as 104 startups from different sectors have been registered on the Startup India Showcase platform
 "104 startups registered on Startup India Showcase platform: Centre")
Edtech firms MPOWER, Credenc get $125 mn in funding for business growth
The companies work with Indian students going abroad for education, partner with colleges and companies.
 "Edtech firms MPOWER, Credenc get $125 mn in funding for business growth")
Razorpay acquires TERA Finlabs; bags third firm in less than 3 years
TERA Finlabs is a Bengaluru-based startup that provides technology, risk and capital solutions.
 "Razorpay acquires TERA Finlabs; bags third firm in less than 3 years")
Globus Infocom expects to grow business by 70% to Rs 350 cr by FY22
Digital classroom solutions company Globus Infocom expects to grow business by around 70 per cent to Rs 350 crore by the end of the current financial year
Valuation of Indian unicorns to rise manifold amid pandemic: Experts
Experts say large funding rounds and valuations demonstrate significant interest from global investors, including sovereign funds, private equity and crossover funds
Robinhood gives founders second chance at $1.4 billion windfall
The company had agreed to award CEO Vladimir Tenev and chief creative officer Baiju Bhatt 13.8 million shares contingent on its share price reaching certain price levels at the time of its IPO
 "Robinhood gives founders second chance at $1.4 billion windfall")
Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding
The company is raising $200 million from Sequoia Capital India, existing investor Faering Capital Pvt and others
 "Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding")
