Indian startups show sign of recovery with $7 Bn funding in H1 2024
The Indian startup ecosystem is going through a recovery phase: there have been larger funding rounds, an increase in the number of deals, a surge in secondary deals and ESOP buybacks, and a decline in layoffs. As per data compiled by TheKredible, Indian startups raised nearly $7 billion in funding during the first half of […]
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PV Sindhu invests in wellness brand Hoop
Wellness brand Hoop has secured an undisclosed sum of investment from Olympic medalist PV Sindhu. This looks like an equity against brand promotion as the badminton champion has also joined as an ambassador of Hoop. The Gurgram-based company had previously raised $100,000 back in January 2023 from a grant round. Hoop has been a part […]
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EleFant, a mobile app-based toy Library, has raised Rs 6 crore.
EleFant, a mobile app-based toy Library, has raised Rs 6 crore (about $750K) in its seed round co-led by Venture Catalysts, Malpani Ventures with participation from several notable investors and family offices. The funding round saw participation from a roster of investors, including Sudhakar Pai, (MD, Kurlon Industries), Jyothi Pradhan (CEO – Kurlon) Family Office, […]
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One Registered Startup in each of the 785 Districts of the Country With in a Year
The Centre is likely to fulfil its plan to have at least one registered startup in each of the 785 districts of the country within a year as only 20-25 districts remain without any registered startup, industry department officials said. As of March 31, there were more than 100 districts without a single startup recognised […]
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Types of funding rounds and what they mean
You’ve probably seen lots of articles about X company raising Y amount of money in some kind of funding round or another. But what do the different types of funding rounds mean? Well, a funding round is anytime money is raised from one or more investors for a business. They’re given a letter, such as […]
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GIP eyes up to $1 billion corpus for India-focused infra fund
New York-based infrastructure fund manager Global Infrastructure Partners (GIP) has initiated talks to raise a India-focused infrastructure fund with a targeted corpus of as much as $1 billion, said two people aware of the development. GIP entered India last year after acquiring the infrastructure investment platform of IDFC Alternatives. Prior to the acquisition, IDFC Alternatives […]
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Zepto raises $665 million funding at $3.6 billion valuation to take on Blinkit, Swiggy Instamart
Zepto has received $665 million in a funding round where the value of the pure-play quick commerce major has more than doubled to $3.6 billion, bolstering its position in India’s red-hot quick commerce sector. The three-year-old startup expects to double its count of dark stores or warehouses to seven hundred, as it primes for battle […]
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Fintech startups may take a hit as most banks stay away from BBPS
The central bank has mandated credit card bill payments through Bharat Bill Payment System (BBPS), but only eight of 34 banks are live on the network, causing concern among payment companies. The Reserve Bank of India (RBI) wants credit card bill payments through third-party payment platforms to stop from next month. The plan is to […]
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Why Pe Biggies Want To Furiously Snack On Haldiram’s
A pan-India presence, mixed with the equity of an 87-year-old-brand made Haldiram’s a home-grown favourite across generations. Combining that with consistent revenue growth and healthy ebitda despite the cyclicality of the raw material prices, and Haldiram Snacks becomes an irresistibly spicy and mouth-watering proposition for PE buyout groups like Blackstone and Bain, among others. […]
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The One Thing Every Vc Must Learn From Softbank’s Masa
The wild swings in SoftBank and Masayoshi Son’s fortunes are back in spotlight in the wake of activist investor Elliott Management’s move to force SoftBank a fresh share buyback. Elliott has built a stake of USD2 billion in SoftBank. In 2020, when SoftBank Vision Fund was in doldrums and the pandemic struck, Elliott, which […]
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