Advertisements Author- Pushkar Singh, Partner at Tremis Capital – An early-stage investment firm that invests in highly curated startups In 2021, the Indian startup ecosystem hit several milestones, including venture funding of $100+ billion, 40 new unicorns, and 9 initial… Read More ›
Startups
Byju’s Seeks More Time From Lenders To Recast $1.2 Bn Loan Terms
Advertisements According to media reports, Byju’s, the world’s most valuable edtech startup, has asked creditors for more time to renegotiate a $1.2 billion loan agreement that is in breach of covenants. According to reports, creditors have until Tuesday to sign… Read More ›
Sequoia, Others Invests $17 M In Startup Toddle
Advertisements The teaching and learning platform Toddle, used in educational institutes across the globe, secured around $17 million in its Series A round. The round was led by Sequoia Capital India. Venture capital firms, including Tenacity Ventures and Trifecta Capital,… Read More ›
With $10.8 Bn, Bengaluru Tops Startup Funding In 2022
Advertisements Bengaluru topped the startup funding chart in India with $10.8 billion in 2022. It was followed by Mumbai at $3.9 billion and Gurugram at $2.6 billion. Startups based in Delhi and Chennai registered $1.2 billion each in funding, according… Read More ›
B2B Unicorn Udaan Lays Off Another 350 Employees
Advertisements Udaan, a business-to-business unicorn, is laying off up to 350 employees in its second round of layoffs since June, as the startup seeks to improve efficiency and profitability. According to a source close to the situation, the layoff will… Read More ›
StartupXseed Ventures Invests USD 1.3 M In Optiwise
Advertisements Optiwise, an artificial intelligence-powered digital marketing startup, announced on Tuesday that it has raised $1.3 million (approximately Rs 10.4 crore) in a seed funding round led by venture capital firm StartupXseed Ventures. The Newark and Noida-based company will use… Read More ›
Google Acquires Alter For USD 100 M
Advertisements Google has acquired Alter, an artificial intelligence startup. According to media reports, the tech giant paid $100 million, which is approximately Rs 822 crore. Alter is a startup that uses artificial intelligence to create avatars for social media users… Read More ›
Permira Appoints Ex Warburg Pincus Exe As India Head
Advertisements Permira, a global private equity firm, appointed Siddharth Narayan as its India head on Friday. He previously worked in Warburg Pincus’ growth technology group. He was there to look for investment opportunities in digital and fast-growing businesses in India’s consumer… Read More ›
Startup Goldsetu Closes Seed Round, Pockets USD 2.3 M
Advertisements Goldsetu, a software-as-a-service (SaaS) platform for jewellery retailers, has completed its $2.3 million seed funding round (around Rs 19 crore). In the most recent round, the startup raised $1.1 million (roughly Rs 9 crore) from 2am VC, Broom Ventures,… Read More ›
Nexus Venture Leads USD 2 M Seed Round For Investmint
Advertisements Nexus Venture Partners led $2 million seed funding round for Investmint, a trading and investing platform for retail investors. The fresh funding will be used to expand its product, engineering, and quantitative research teams to create a world-class retail… Read More ›