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Saturday, June 25, 2022

Indian skincare startup Mamaearth eyes $3 bln valuation in 2023 IPO: Report

June 22, 2022 4:28:45 pm

In talks to raise at least $300 million for a projected IPO next year, Indian skincare startup Mamaearth is aiming for a valuation of about $3 billion - 10-12 times forward revenue. In January of this year, the company's final valuation was $1.2 billion.

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VCs shrink budgets: Startups restructure operations, hand pink slips to over 5K staff in ’22

April 29, 2022 3:26:45 pm

Startups from across the board ranging from industries like ed-tech, e-commerce, financial technology, real estate and home furnishing are among those that have laid off employees.

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Post ‘assessments’, Unacademy hands pink slips to about 600 staff, educators

April 8, 2022 5:53:29 am

The startup has around 6,000 employees, with the downsizing round impacting close to 10 per cent of its workforce.

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$137 mn fundraise: CredAvenue turns 11th unicorn of 2022

March 7, 2022 3:57:51 am

The round was led by Insight Partners, B Capital Group and Dragoneer Investment Group, and propelled the startup’s valuation to $1.3 billion from $410 million in September, making it India’s fastest fintech unicorn

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‘Indian startups raised $24 billion; 42 unicorns last year’

January 22, 2022 3:03:33 am

🔴 Over 2,250 startups were added in 2021, over 600 more than the previous year. it added. While 11 startups in 2021 took the IPO route to raise money from the markets, Nasscom expects at least 16 startups to take the IPO route to raise money in 2022.

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Startups can play important role to socialise, democratise availability of healthcare: Piyush Goyal

January 10, 2022 3:17:14 pm

The minister said that venture capitalists and financers can also play a key role in mentoring young startups across the country particularly in Tier 2 and 3 towns.

Funding blitz: Four startups raise over $1.2 billion from new, existing investors

December 21, 2021 4:40:27 am

Notably, three of these companies — Razorpay, OfBusiness and Bizongo — saw New York-based Tiger Global Management participating in the funding round.

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Byju’s in talks to go public via SPAC deal: Report

December 16, 2021 5:19:03 pm

Under the preliminary terms discussed, Byju’s would raise a total of about $4 billion and seek a valuation of about $48 billion, the people said. The startup was valued at $21 billion, according to market research firm CB Insights.

Electric scooter startup Simple Energy to invest up to $330 million in new plants

December 8, 2021 2:08:20 pm

Simple Energy plans to buy 600 acres for the new facility, complete with an R&D center and testing facility.

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BP leads $25 million funding round in EV ride-hailing start-up BluSmart

September 30, 2021 2:12:17 pm

To date, BP Ventures has invested almost USD 800 million in more than 60 companies across seven geographies.

To develop ‘ecosystem’ for startups, accelerators, IT Min forms committee

September 6, 2021 12:44:27 am

The implementation of the scheme, which was announced on August 25, will be overseen by the 10-member team that will also have four representatives from the industry, a senior Ministry official said, adding that a representative from the Startup India programme will also be in the panel.

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Elon Musk’s Neuralink raises over $200 million from Google Ventures, others

July 30, 2021 11:13:45 am

Neuralink aims to implant wireless brain computer chips to help cure neurological conditions including Alzheimer's, dementia and spinal cord injuries and fuse humankind with artificial intelligence.

Byju’s list of aquisitions: Great Learning, Epic, Aakash Educational Services, WhiteHat Jr and more

July 27, 2021 6:12:42 pm

From WhiteHat Jr to Great Learning: We look at Byju's major purchases in the recent past.

Why India is missing its vaccine targets

HealthifyMe acqui-hires Under45, launches vaccination slot bookings

July 6, 2021 12:38:13 pm

"Now, one can also book their slots directly from HealthifyMe, which has registered itself as an Application Service Provider (ASP) with CoWin. To supercharge efforts on its vaccination slot booking initiative, HealthifyMe has also acqui-hired the Under45 team," a statement said.

PM Modi calls for repair and prepare of economy, health infrastructure

June 16, 2021 7:19:25 pm

India, he said, is home to one of the world's largest startup ecosystems and several unicorns have come up in recent years.

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

June 2, 2021 1:44:20 pm

The series F round - which also saw participation from Vy Capital, Tiger Global and Steadview - takes Urban Company's valuation to USD 2.1 billion.

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Zeta turns unicorn after raising $250 million from SoftBank Vision Fund 2

May 25, 2021 1:29:13 pm

With its Series C round of investment from SoftBank Vision Fund 2, Zeta's valuation stands at $1.45 billion, turning it into a unicorn. This is one of the largest single investments in a banking tech startup globally, the start-up said.

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Upgrad buys online higher education start up Impartus for Rs 150 crore

May 24, 2021 1:32:26 pm

After the completion of the acquisition Impartus will be rebranded as upGrad Campus, and will boost its revenue run-rate by an additional Rs 85 crore, the company said in a statement.

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Byju’s to become India’s most-valuable startup after UBS funding

April 29, 2021 11:28:28 am

The UBS investment will take the valuation of Byju’s past digital payments startup Paytm, which was last valued at $16 billion.

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Stripe’s value jumps to $95 billion, becomes top US startup

March 15, 2021 12:23:48 pm

Stripe was founded in 2010 by two Irish siblings: 32-year-old Patrick Collison and his younger brother John, 30. Their net worth surged to $11.4 billion each with the latest valuation, according to the Bloomberg Billionaires Index, up from $4.3 billion in the last funding round.

DPIIT to organise global summit on startups on January 15-16

December 23, 2020 3:00:11 pm

Startups from Asian countries, domestic players and global entrepreneurs would participate in the virtual summit, the official in the Department for Promotion of Industry and Internal Trade (DPIIT) said.


Delhivery eyes IPO in next 12-15 months; gets $25 million investment from Steadview

December 15, 2020 4:16:54 pm

Delhivery, which covers 2,300 cities, provides a full suite of logistics services such as express parcel transportation, LTL and FTL freight, reverse logistics, cross-border, B2B and B2C warehousing, and technology services.

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Covid effect: Ed-tech firms corner $1.95 bn funds so far this year

December 2, 2020 1:00:58 pm

The amount, raised since the beginning of the year till date, is 31 per cent higher than the combined funding of $1.48 billion collected in the preceding five years.

Startups’ registration at GeM more than doubled to 7,438 in last one year: Official

November 16, 2020 4:34:18 pm

The Government e-Marketplace (GeM) was launched in August 2016 for online purchase of goods and services by all the central government ministries and departments.

Swiggy announces employee stock liquidity programme

November 9, 2020 6:12:50 pm

Under the programme, employees will be able to sell their shares to investors in the company.