Page 6 - Indian Startups
Ather Energy raises $35 mn in a funding round led by Sachin Bansal
Hero MotoCorp-backed electric two-wheeler maker Ather Energy said it has raised $35 million in a funding round led by Flipkart co-founder Sachin Bansal's investment of $23 million
 "Ather Energy raises $35 mn in a funding round led by Sachin Bansal")
PhonePe hits 250 mn-user mark, registers 925 mn transactions in October
Flipkart-owned fintech platform PhonePe said it has crossed the 250 million-registered users milestone
 "PhonePe hits 250 mn-user mark, registers 925 mn transactions in October")
Developing ecosystem for setting up 10,000 start-ups: Uttar Pradesh govt
Uttar Pradesh has created a Rs 1,000 crore 'Star-tup Fund' with Small Industries Development Bank of India
 "Developing ecosystem for setting up 10,000 start-ups: Uttar Pradesh govt")
Six Indian startups that beat the pandemic to become unicorns this year
Three unicorns have emerged in fintech space and one each in software, edtech and beauty space. A unicorn is a privately held startup that is valued at $1 billion or more
 "Six Indian startups that beat the pandemic to become unicorns this year")
Unacademy turns into unicorn after SoftBank-led funding round
Valuation jumps 3-fold in last six months to $1.45 billion; becomes the second unicorn in edtech space after Byju's
 "Unacademy turns into unicorn after SoftBank-led funding round")
Traders' body urges govt to probe Chinese investments in Indian startups
In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments
 "Traders' body urges govt to probe Chinese investments in Indian startups")
Alibaba puts India investment plan on hold amid China tensions: Report
Alibaba, which has fuelled the growth of several Indian start-ups, will not put in fresh funds to expand its investments in the country for at least six months, the sources said
 "Alibaba puts India investment plan on hold amid China tensions: Report")
French power firm EDF backs Indian start-ups via competitive programme
It is undertaking its global programme called EDF Pulse in India which follows a competition format and offers financial support and other facilities to the winners
 "French power firm EDF backs Indian start-ups via competitive programme")
New launches, zero cash burn make Instamojo profitable amid Covid-19 crisis
The Covid-19 pandemic, which had put a question mark on the company's performance, is now turning out to be a life altering event for the company
 "New launches, zero cash burn make Instamojo profitable amid Covid-19 crisis")
Top headlines: Import curbs on Chinese goods, SC on loan moratorium, & more
From Sebi easing capital raising norms, FPIs from China still behind other nations to Radhakrishna Damani looking to takeover India Cements, here are the top news on Thursday morning
 "Top headlines: Import curbs on Chinese goods, SC on loan moratorium, & more")
Battling Covid-19: Start-ups chip in to resolve India's ventilator crisis
Domestic firms are also sourcing ventilator parts from within the country to manufacture ventilators at a much lower cost
 "Battling Covid-19: Start-ups chip in to resolve India's ventilator crisis")
US-based Accel invests $2 mn in source-to-pay solution provider Aavenir
Aavenir's source-to-pay solution offers integrated products for contract lifecycle management, for sourcing management, and more
 "US-based Accel invests $2 mn in source-to-pay solution provider Aavenir")
Byju Raveendran, Zomato's Gaurav Gupta on WEF's Young Global Leaders list
Raveendran launched Byju's learning app in 2015, calls himself a teacher by choice and an entrepreneur by chance. Gupta's Zomato has been a pioneering food technology start-up.
 "Byju Raveendran, Zomato's Gaurav Gupta on WEF's Young Global Leaders list")
Nasscom, Japan join hands to match startups and tech firms with VCs
Nasscom has been looking to expand into more markets to reduce its over dependence on US and UK, which together make up more than 70 per cent of its exports, as of last financial year.
 "Nasscom, Japan join hands to match startups and tech firms with VCs")
The rise (and rise) of the family office
Unicorns are toppling older industrialists who have got quashed under debt and distracted diversifications
 "The rise (and rise) of the family office")
To build strong ecosystem, govt sets up National Startup Advisory Council
The Council will suggest measures to foster a culture of innovation among students and others, the commerce and industry ministry said in a statement
 "To build strong ecosystem, govt sets up National Startup Advisory Council")
I am going to put whatever I have in financial services, says Sachin Bansal
Flipkart co-founder says he will invest all his capital in this space; Nachiket Mor joins Navi board as director
As valuation touches $8 bn, Byju's pips Ola as 3rd largest unicorn in India
EdTech firm valued at around $8 billion after Tiger Global's $200-million investment
 "As valuation touches $8 bn, Byju's pips Ola as 3rd largest unicorn in India")
Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year
The decade has seen an impressive 25x growth in terms of the total funding raised by the startups.
 "Indian start-ups raised a record $14.5 bn in 1185 funding rounds this year")
Building trust is a process...
...and to be able to do that you need transparency and public scrutiny. A tough call but valuable nonetheless
 "Building trust is a process...")
