Page 61 - Company - Start-ups - News
After metro, Bounce's scooters to be available at railway stations
The firm has won a competitive bid to provide its dockless scooter-sharing service at the railway stations in Karnataka making it the first such startups to win such a deal
 "After metro, Bounce's scooters to be available at railway stations")
Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held
Masayoshi Son-led SoftBank made massive investments in the Indian startups, biggest funding round
 "Indian startups raise a record $14.5 bn in 2019, 459 Series A rounds held")
Sachin Bansal's Navi Technologies buys software consulting firm MavenHive
The new asset will bolster Navi's technology and product development capabilities
 "Sachin Bansal's Navi Technologies buys software consulting firm MavenHive")
Start-up funding slows down in 2019 after a two-fold surge previous year
Major deals include $586 million by Tencent and others in Udaan this August, followed by $413 million by SoftBank Corp, Carlyle and Fosun Group in Delhivery
 "Start-up funding slows down in 2019 after a two-fold surge previous year")
PayU pares losses by 28% at Rs 120 cr in FY19 on back of rising revenues
The firm reported a loss of Rs 148 core in FY18
 "PayU pares losses by 28% at Rs 120 cr in FY19 on back of rising revenues")
Alibaba backs logistics startup XpressBees again, plans to invest $10 mn
XpressBees is allotting 9,317 Series D1 compulsorily convertible preference shares at a price equivalent to $1,073.306 each, to Alibaba
 "Alibaba backs logistics startup XpressBees again, plans to invest $10 mn")
SoftBank invests $275 million in Lenskart; buys out some early investors
A large part of this investment will go towards building next generation technology and supply chain, said Peyush Bansal, Founder & CEO of Lenskart
 "SoftBank invests $275 million in Lenskart; buys out some early investors")
Home Jiny, a one-stop app for all your household services and grocery needs
The app currently services 7,000 orders a month. Its aim is to service the same number of orders per day by June 2020, and to capture 20% of the wallet share in targeted societies in 18 months
 "Home Jiny, a one-stop app for all your household services and grocery needs")
The travel buff who started a slew of hostels for the backpacking crowd
Pallavi Agarwal's goStops has 13 hostel properties that offer a host of modern amenities at pocket-friendly prices for budget tourist
 "The travel buff who started a slew of hostels for the backpacking crowd")
HomeLane raises $30 mn from Pidilite, others in series D financing
Evolvence, FJ Labs also participated in the interior design firm's series D round
 "HomeLane raises $30 mn from Pidilite, others in series D financing")
As UPI gears up for global markets, Indian fintechs smell opportunity
Indian fintechs have already started getting enquires from other developing economies to customize UPI for them. Expect UPI launch by April 2020
 "As UPI gears up for global markets, Indian fintechs smell opportunity")
Byju's turns profitable on full-year basis; eyes Rs 3K-cr revenue this year
Deeper penetration across India and significant growth in the number of paid subscribers have been the primary drivers of growth
 "Byju's turns profitable on full-year basis; eyes Rs 3K-cr revenue this year")
Bengaluru firms claimed 45% of all investments in Indian startups in 10 yrs
The city, which has seen its startups raising $31 bn in the past decade, is home to 44% of India's unicorns and 43 per cent of 'soonicorns'
 "Bengaluru firms claimed 45% of all investments in Indian startups in 10 yrs")
Indian-Americans' startup Riversand secures $10 million investment
Riversand is a SaaS Master Data Management and Product Information Management solution provider
 "Indian-Americans' startup Riversand secures $10 million investment")
How a 19-year old's dream to chase stars is helping fuel other kids' hopes
A 19-year-old physics undergrad student has started a venture that helps schools set up their own astronomy labs, writes Sneha Bhattacharjee
 "How a 19-year old's dream to chase stars is helping fuel other kids' hopes")
KredX raises $26M in Series-B funding led by Tiger Global Management
KredX was started by Manish Kumar and Anurag Jain in 2015 to help businesses meet their short-term working capital needs by facilitating discounting of their unpaid invoices
 "KredX raises $26M in Series-B funding led by Tiger Global Management")
Will Data Protection Law be the next curveball for start-ups after GST?
Enterprises envisage a herculean task in complying with changes proposed in the new law as they scramble to ascertain specific requirements
 "Will Data Protection Law be the next curveball for start-ups after GST?")
These siblings have been riding the global highway with their auto portal
Starting off from a tiny office in Jaipur ten years ago, CarDekho is just a few steps away from earning the unicorn tag
 "These siblings have been riding the global highway with their auto portal")
Fireside Ventures to invest in 20 start-ups in superfoods, fashion segments
The venture capital (VC) firm is planning to make around 18-20 investments via fund 2 in the range of $4-5 million in each portfolio company across Pre-Series A and Series A stages
 "Fireside Ventures to invest in 20 start-ups in superfoods, fashion segments")
CarDekho closes $70 mn funding round from top investors in China, Europe
CarDekho said it will use the money to strengthen its transaction businesses and expand its international footprint
 "CarDekho closes $70 mn funding round from top investors in China, Europe")
