Author Archives
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Caspian Debt Aims To Allocate Over Rs 750 Cr In FY24: CEO Avishek Gupta
Advertisements In an interview with BW Businessworld, Avishek Gupta, MD and CEO at Caspian Debt, talks about the challenges startups face while raising funds in the initial stage and how debt financing could be an alternative. Here is an excerpt… Read More ›
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M&A Deal Volume Decline By 14% In 2023, Valued At $1.18 Tn
Advertisements According to a report by the Boston Consulting Group, M&A dealmakers encountered various challenges over the past year, including higher interest rates, geopolitical tensions, and concerns about a recession. Consequently, deal activity experienced a decline, although the situation seems… Read More ›
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Space Startup Skyroot Unveils Vikram-1 Rocket
Advertisements Space startup Skyroot Aerospace unveiled its Vikram-1 rocket. The rocket is expected to launch satellites to low earth orbit early next year. The new headquarters of the startup, called ‘The MAX-Q Campus’, was also inaugurated. It is located at… Read More ›
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AWS Decreases Its Price 129 Times Since Inception: Amitabh Nagpal
Advertisements According to the SaaSBoomi and McKinsey report, Indian startups are generating close to USD 7 billion in revenue and India now captures two per cent of the global SaaS (software-as-a-service) market. According to a report by Bain and Company… Read More ›
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Mumbai Angels CEO Nandini Mansinghka On What Matters Amid the Funding Crunch
In an interview, Nandini Mansinghka, CEO of Mumbai Angels, speaks about the acquisition of their company by 360 One, formerly IIFL Wealth & Asset Management, and its impact on the Indian startup funding landscape. Mansinghka highlights the importance of cash flow and offers insights on early-stage investing strategies, emphasising patience for successful exit strategies, and the influence of macroeconomic conditions on investor and entrepreneur decisions.
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Profitability: Shallow Or Sustainable?
Advertisements Amidst a funding crunch, startups have begun sharing their profitability scorecards. Interestingly, this trend spans from giants like Zomato to startups such as OfBusiness, Unacademy, Meesho, Swiggy, Oyo, Pharmeasy, and more. These startups have adopted various metrics to claim… Read More ›
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Insurtech Company Medi Assist To File Initial Papers With Sebi For IPO
Advertisements Medi Assist Healthcare Services, a health-tech and insurtech company, has filed preliminary papers with Sebi to raise funds through an initial public offering (IPO). The company is offering up to 2.8 crore equity shares through an offer for sale… Read More ›
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Ant Financial Plans To Sell 3.6% Stake In Paytm
Advertisements Chinese financial conglomerate Ant Financial on Friday offloaded a 3.6 per cent stake in fintech giant Paytm for Rs 2,037 crore (about USD 247 million). Antfin, an affiliate of Chinese tech giant Alibaba, has sold about 22.75 million shares… Read More ›
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Prosus To Split Edtech, Food-delivery Segments
Advertisements Prosus, the Dutch-listed arm of South African technology investor Naspers, has announced that it will be splitting its edtech and food-delivery segments into two separate entities, each with its own dedicated leadership team. The move, which will be effective… Read More ›
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RBI Declines Cred’s Application To Increase Stake In NBFC Arm Newtap
Advertisements The Reserve Bank of India (RBI) has declined an application from Cred, owned by Kunal Shah, to increase its stake in Newtap Finance, its non-banking finance firm. Currently, RBI holds a 23.6 per cent stake in Newtap Finance, with… Read More ›
