Page 21 - Company - Start-ups - News
Start-ups make it to the Rich List this year but lag in charity
Only Nikhil and Nithin Kamath, Ronnie Screwvala, Binny Bansal, and Radha & Sekar Vembu make the cut
 "Start-ups make it to the Rich List this year but lag in charity")
Neobanking startup Fi raises $50 mn in funding, valuation jumps 7 times
B Capital Group, Falcon Edge and others participated in the Series B funding round that valued Fi at $315 million
 "Neobanking startup Fi raises $50 mn in funding, valuation jumps 7 times")
10-minute grocery delivery app Zepto comes out of stealth, raises $60 mn
Zepto was founded by two 19-year-old Stanford dropouts and includes investors like Glade Brook, Nexus, Lachy Groom, Y Combinator and Global Founders Capital
 "10-minute grocery delivery app Zepto comes out of stealth, raises $60 mn")
Vanity Wagon raises Rs 5.5 cr in pre-series A round led by Inflection Point
Firm is a one-stop clean beauty marketplace focused on non-toxic products; has completed 50,000 orders since inception and currently serves 130,000 online visitors a month
Drip Capital raises $175 mn to enter new markets like South Asia, LatAm
Funds raised include $40 mn in Series C and $135 mn in warehouse debt. With this, Drip Capital has raised $525 mn in all via equity and debt
 "Drip Capital raises $175 mn to enter new markets like South Asia, LatAm")
Lovelocal raises $18mn in pre-series B round led by Vulcan Capital
LoveLocal, which has grown 40x since inception is changing how India shops by empowering local retailers and is digitising the $1.1 trillion unorganised retail market
Nykaa raises Rs 2,396 crore from anchor investors ahead of IPO
The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, aggregating to Rs 2,395.84 crore
 "Nykaa raises Rs 2,396 crore from anchor investors ahead of IPO")
Hyperlocal ecommerce start-up LoveLocal raises $18 mn in pre-Series B round
The company claimed that this is the largest round ever raised by a solo woman tech founder in India
 "Hyperlocal ecommerce start-up LoveLocal raises $18 mn in pre-Series B round")
Fintech software provider Hypto raises $3 mn from Stellaris, 3one4 Capital
The platform has processed over 55 million transactions totalling over $15 billion and currently works with over 10 banks
B2B auto parts startup Koovers raises $1.5 mn in Inflection Point-led round
Koovers assures workshops of spares with ease of ordering, doorstep delivery, genuine and complete basket of parts of all car makers; has over 5,000 workshops in network
Decoded: What are the various types of start-up investors?
You hear about various kinds of fundraising - angel investments, series A, B, C, and more. And then there also are incubators, accelerators, PE-VC investors, etc. How do these differ from one another?
 "Decoded: What are the various types of start-up investors?")
Neobanking startup Zolve raises $40 million at $210 million valuation
The neobank has seen 70,000 sign-ups on its platform and has 6,000 monthly active users
 "Neobanking startup Zolve raises $40 million at $210 million valuation")
DeHaat raises $115 million in Series D from Sofina, Lightrock and Temasek
DeHaat's services include distribution of high-quality agricultural inputs, customised farm advisory, access to financial services, and market linkages for selling their produce
 "DeHaat raises $115 million in Series D from Sofina, Lightrock and Temasek")
Why the P2P lending segment is staging a strong comeback after a lull
Initiatives to make returns more attractive and spread risks in order to keep the default rate low for individual lenders have spurred interest in this segment once again
 "Why the P2P lending segment is staging a strong comeback after a lull")
These goldsmith-techies use dynamic pricing to help businesses max revenues
Anshu Jalora and Vijeta Soni's firm Sciative uses AI, automation and big data to set movie ticket prices, and bus and airline fares, based on the demand curve for these services and products
 "These goldsmith-techies use dynamic pricing to help businesses max revenues")
Inside Curefoods: How Ankit Nagori is building a Thrasio of cloud kitchens
Curefoods wants to be a $100-million revenue business by the end of 2022-23
 "Inside Curefoods: How Ankit Nagori is building a Thrasio of cloud kitchens")
Space tech startup Dhruva raises Rs 22 cr to launch satellite solutions
The firm is gearing up to launch new offerings like Satellite as a Service, Space-Grade Solar Arrays and Ground Station Solutions, both nationally and globally
Teachmint raises $78mn in Series B led by Rocketship.vc and Vulcan Capital
New round brings firm's total raise to $118 mn. Funds will be used to strengthen Teachmint's proprietary classroom tech and for global expansion
 "Teachmint raises $78mn in Series B led by Rocketship.vc and Vulcan Capital")
Meesho charts disruptive strategy, to deliver free in non-tier 1 towns
The move is expected to challenge the big players in the sector which include Jio Mart, Tata's Big Basket, Amazon, Grofers, and others
 "Meesho charts disruptive strategy, to deliver free in non-tier 1 towns")
Groww's valuation hits $3 bn as start-up raises $251 mn in Series E round
ICONIQ Growth leads $251-mn fundraise in start-up which has over 20 mn users
