Page 30 - Startups

Suresh Prabhu calls for greater role of startups in core sectors

Prabhu added that the Indian economy's rate of growth would get accelerated with India's vaccination drive picking up pace, which will revive businesses and, in turn the overall economy

Nua raises $7.1mn in funding from Lightbox, Deepika Padukone and others

Women's hygiene brand Nua on Monday said it has raised USD 7.1 million (about Rs 52.6 crore) funding, led by existing investor Lightbox Ventures. The pre-series B round also saw participation from Bollywood actor Deepika Padukone, former president (Global Foods, Home & Personal Care) at Unilever, Vindi Singh Banga, and Kamini Banga of the Banga family office, along with Kae Capital. Padukone will also work closely with Nua to ideate and create new wellness solutions, a statement said. Nua had previously raised USD 4 million in 2019 from Lightbox Ventures and Kae Capital, it added. With Nua, women can get recurring doorstep deliveries of sanitary pads and other healthcare products at their chosen frequency. The company has an online community and customers of over 4 lakh women. "Our approach from the beginning has been to focus on building holistic solutions comprising safe products, tailored content, and a community that women can lean on for all things wellness. This approach has

Fintech firm Slice raises $20mn to challenge credit card industry in India

Slice has raised this amount from existing investors Gunosy, Blume Ventures among others.

Lenskart's launches Vision Fund for select startups in eye-care space

To invest $2 million in each enterprise, nurture innovations disrupting eyewear, eye-care and omni-channel retail

Classplus raises $65mn funding from Tiger Global, GSV Ventures, AWI

This is the fourth round of funding raised by the company in the last 15 months.

CityMall raises $22.5 mn in funding from General Catalyst, others

Recently, the company has expanded beyond daily-use products like groceries and FMCG products, into fashion, electronics, electrical appliances, cosmetics and others.

BharatPe fiscal 2021 revenue jumps over six times to Rs 700 crore

This comes as the pandemic has forced people and businesses adopt digital transactions and fund-starved small businesses seeking more credit avenues like this start-up.

NV Capital launches first credit-fund for media, with a Rs 500 cr corpus

Founded by industry professionals and ex-bankers Nitin Menon and Vivek Menon, NV Capital recently received Sebi's nod as a Category-II AIF

Homegrown job platform Apna raises $70 million at $570 mn valuation

Professional networking and jobs platform Apna said it has raised $70 million in Series B round led by Insight Partners and Tiger Global, taking its valuation to $570 million

Apna, jobs app for India's blue-collar workers, raises $70 mn in funding

Apna is sort of a LinkedIn for non-English speaking and non-affluent Indians, says its founder.

At $16.5 bn, Byju's most valuable startup in India after raising $350 mn

As per CB Insights data, as of June 2021, Byju's is the 11th most valuable startup in the world

Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others

Whatfix is a digital adoption solutions provider

Mervik Haum's Handbook on Ensuring Sustainability of a New Startup

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Urban Company raises $255 million, valuation crosses $2.1 billion

Home services marketplace Urban Company on Wednesday said it has raised $255 million (about Rs 1,857 crore) in funding led by Prosus Ventures, Dragoneer and Wellington Management

3one4 Capital leads early-stage round in healthtech firm Breathe Well-being

The enterprise, which helps people prevent and manage Type-2 Diabetes has raised $1 million

Indian startups to get $200-mn VC fund focusing on 4 areas of climate tech

The fund is targeting 15-20 investments with ticket size of $500,000 to $20 million

Bombay Stock Exchange signs pact with ESC to encourage listing of startups

BSE said it has joined hands with Electronics and Computer Software Export Promotion Council (ESC) to create awareness about the benefits of listing among small businesses and startups.

Upgrad aims to close March 2022 at $500-million revenue run rate

upGrad, South Asia's largest online higher education company, in its recently held company meeting announced that it aims to close March'22 at half a Billion Dollar Revenue Run Rate.Highlighting the future of online higher education, Ronnie Screwvala, Co-founder, and Chairman firmly believes Higher Edtech is the frontrunner in the overall Education space. "There is just a lot of buzz, and fund 'fan' following in the K12 space worldwide, but the real growth and stable revenues will come from Higher Education when the pandemic settles - in the next couple of years, Higher edtech sector will overtake K12 in emerging and mature markets too.""upGrad is now best-placed, being the most integrated Higher Edtech company - spanning all aspects of LifeLongLearning - from under-grads to test prep to being the first port of call for colleges/universities to go digital through technology & SaaS enablement, to offering degrees in the most sought-after fields for learners to build their careers

Rural fintech startup Jai Kisan raises $30 mn in funding from Mirae Asset

Rural fintech startup Jai Kisan on Monday said it has raised USD 30 million (about Rs 217 crore) in a combination of equity and debt funding led by Mirae Asset

After crossing $1 bn in valuation, Moglix plans to expand globally

The industrial B2B startup for manufacturing plans to tap emerging markets such as Middle East, Southeast Asia, Africa and countries such as Bangladesh, Sri Lanka and Nepal