Page 31 - Startups
Corporate card provider Kodo raises $8.75 mn seed from slew of investors
Card spends on Kodo have grown 45 per cent month-on-month for the past 12 months, the company claims
 "Corporate card provider Kodo raises $8.75 mn seed from slew of investors")
IvyCap leads $6 million funding round in mobility platform Get My Parking
Existing investor IAN Fund also participates. With this Series-A round, startup has raised $10.5 million in all so far
 "IvyCap leads $6 million funding round in mobility platform Get My Parking")
N+1 Capital makes first ever India investment, parks Rs 5 cr in Clensta
Clentsa recently entered a strategic tie-up with pharma brand Cipla for its first commercialised products, Waterless Bodybath and Waterless Shampoo
 "N+1 Capital makes first ever India investment, parks Rs 5 cr in Clensta")
Bhavin Turakhia-founded Zeta enters unicorn club with $1.4 bn valuation
Banking tech startup attains value after $250 mn funding from SoftBank
 "Bhavin Turakhia-founded Zeta enters unicorn club with $1.4 bn valuation")
The unicorn boom: Shareholder issues
Entrepreneurs must think through their choices on their listing venue, shareholder base, and valuations
 "The unicorn boom: Shareholder issues")
Global freight sails out of the digital dark ages, aided by start-ups
A missing load can mean the company pays penalties to wholesale customers for late shipments
 "Global freight sails out of the digital dark ages, aided by start-ups")
IPV backs salon-focused SaaS startup Glamplus with Rs 2-crore funding
Other investors in pre-series A round are Bounce co-Founder Anil G, Sadhan Enterprise MD-CEO Sachin Khandelwal, Transin CEO Sravan Kumar, Byju's AVP Abhishek Daiya and Shadowfax VP Anudeep Nagalia
 "IPV backs salon-focused SaaS startup Glamplus with Rs 2-crore funding")
EdTech startup Tekie raises $1.5mn in seed fund from GSV, Multiply Ventures
Better Capital has also participated in the round
 "EdTech startup Tekie raises $1.5mn in seed fund from GSV, Multiply Ventures")
Anand Mahindra, top Silicon Valley investors back space start-up Agnikul
The Chennai-based firm which would be sending small satellites into space is raising $11 million in a Series A funding round led by Mayfield India.
 "Anand Mahindra, top Silicon Valley investors back space start-up Agnikul")
Exits without tears
Book review of The Art of a Happy Exit: How Smart Entrepreneurs Sell Their Businesses
 "Exits without tears")
Electrifying mobility: How entrepreneurs changed tack to survive pandemic
To survive the Covid-induced downturn, bike-sharing start-up Bounce changed its strategy and jumped on the EV bandwagon
 "Electrifying mobility: How entrepreneurs changed tack to survive pandemic")
Start-ups connect India with novel features in times of coronavirus
Companies such as Chingari and Koo roll out audio-only and talk-to-type features to keep people connected amid the pandemic
 "Start-ups connect India with novel features in times of coronavirus")
India vs US listing: Zomato may be test case for start-ups waiting in wings
The IPO will be a litmus test on whether domestic investors have the patience and maturity to deal with loss-making tech companies
 "India vs US listing: Zomato may be test case for start-ups waiting in wings")
Beyond the bottom line: The journey of newsmaker Deepinder Goyal
In FY21, the founder & CEO of Zomato took a steep pay cut from an annual Rs 3.5 crore to Rs 1.6 crore and waived his salary for 36 months starting April 1, 2021
 "Beyond the bottom line: The journey of newsmaker Deepinder Goyal")
A virtuous cycle of entrepreneurship
According to the Credit Suisse Wealth Report 2020, after stagnating for several years, the number of millionaires in India rose rapidly in the two years before the pandemic
With Temasek's $120 mn, Ronnie Screwvala's UpGrad set for $1 bn valuation
Entrepreneur says his upskilling startup is targeting $2 billion in revenue by 2026.
 "With Temasek's $120 mn, Ronnie Screwvala's UpGrad set for $1 bn valuation")
Edtech start-up upGrad raises $120 mn funding from Singapore-based Temasek
upGrad on Monday said it has raised USD 120 million (about Rs 897.3 crore) from Singapore-based Temasek, making this the first external fund-raise by the edtech major. Since its inception in 2015, upGrad has been 100 per cent owned, funded, and run by its co-founders as a capital-efficient business. upGrad plans to use the fresh capital to further strengthen its team, scale its global market operations and bolster its technology and product capabilities, a statement said. The company will also pursue merger and acquisition (M&A) opportunities, expand graduate and post-graduate degree portfolio in India, and scale up operations to achieve its USD 2 billion revenue goal by 2026, it added. "We welcome Temasek in our mission to power career success for each and every member of the global workforce as their trusted LifeLongLearning partner and drive meaningful career outcomes," upGrad co-founder Ronnie Screwvala said. This capital will further fuel the company's commitment towards ...
 "Edtech start-up upGrad raises $120 mn funding from Singapore-based Temasek")
Covid-19 crisis: Startups step up efforts to assist in oxygen delivery
From crowdfunding to buy Oxygen concentrators to flying charters for bringing equipment and other essential supplies, startups do their bit
 "Covid-19 crisis: Startups step up efforts to assist in oxygen delivery")
India's next 35 unicorns may include Practo, BharatPe, Eruditus, Vedantu
The vibrant startup ecosystem is working to boost the investment environment in India both from domestic and global investors, according to consulting firm Praxis Global Alliance
 "India's next 35 unicorns may include Practo, BharatPe, Eruditus, Vedantu")
Tiger Global makes its first India cryptocurrency firm investment
Invests Rs 181 crore in CoinSwitch Kuber in a Series B round of funding, valuing the company at over $500 million
 "Tiger Global makes its first India cryptocurrency firm investment")
