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.
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.
The startup has around 6,000 employees, with the downsizing round impacting close to 10 per cent of its workforce.
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
🔴 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.
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.
Notably, three of these companies — Razorpay, OfBusiness and Bizongo — saw New York-based Tiger Global Management participating in the funding round.
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.
Simple Energy plans to buy 600 acres for the new facility, complete with an R&D center and testing facility.
To date, BP Ventures has invested almost USD 800 million in more than 60 companies across seven geographies.
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.
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.
From WhiteHat Jr to Great Learning: We look at Byju's major purchases in the recent past.
"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.
India, he said, is home to one of the world's largest startup ecosystems and several unicorns have come up in recent years.
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.
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.
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.
The UBS investment will take the valuation of Byju’s past digital payments startup Paytm, which was last valued at $16 billion.
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.
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, 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.
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.
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.
Under the programme, employees will be able to sell their shares to investors in the company.