Page 11 - Start-ups

India's share of IPOs continues to fall relative to rest of the world

This year is set to be the third consecutive year when India's share of initial public offers (IPOs) has fallen relative to the rest of the world

Startup A-listers buy out Chinese investor Shunwei's stake in Koo

Koo has so far raised $4.1 mn in Series A funding from existing investors Accel, Kalaari Capital, Blume Ventures and 3one4 Capital.

Urban Company to onboard over 20,000 service professionals this year

marketplace Urban Company on Sunday said it aims to onboard over 20,000 professionals on its platform this year to meet the strong growth in demand for various services post the lockdown

Tech adoption across sectors; startups helping to expand markets: Report

Startups in most sectors are helping to expand markets bringing new customers into the fold, instead of disruption of existing companies

Venture debt player Trifecta Capital to set up Rs 1,500-crore fund 3

The venture debt fund launched in 2014 has so far invested in 72 companies, including nine unicorns, such as BigBasket, Rivigo, Cars24, and Urban Company

On an industrial upswing: Tamil Nadu's hunger to attract mega investment

The team was instrumental in getting up the New Industrial Policy 2021, unveiled last week, targeting investments of around Rs 10 trillion by 2025

Entrepreneurship and the pandemic

Though business for majority of entrepreneurs is yet to return to pre-Covid levels, has the country's indomitable entrepreneurial spirit gotten over the Covid bump?

Start-ups in edtech, logistics, gig economy to drive jobs in 2021: Report

90% of companies surveyed say they will be hiring at the same pace as pre-Covid period

Budget a booster shot for India, has ambition, resolution and innovation

It was one of the toughest times in history to announce a budget, writes Harsh Goenka.

Budget proposals for start-ups to boost 'ease of doing business'

The union government has decided to extend tax holiday claim for start-ups by one more year

Carl Pei's upcoming start-up gets seed funding from Cred founder Kunal Shah

Kunal Shah, the founder of fintech company CRED, has invested in OnePlus co-founder Carl Pei's new venture. The amount invested has not been disclosed. Pei had co-founded OnePlus, which now ranks among premium smartphone companies, in 2013. He quit OnePlus in October last year to start a new venture. "Carl Pie has now received seed investment from India with Kunal Shah, founder of CRED, adding Carl's London based venture into his portfolio," a statement said. Details of Pei's new venture will be announced on January 27, it added. Pei has already raised USD 7 million (about Rs 51.4 crore) in seed financing for the new venture. "Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited to be part of this journey, Kunal Shah said. Shah, who had co-founded Freecharge and is an active investor, has backed a number of startups including Udayy, Kyt, Khatabook, BharatPe, Unacademy, Razorpay and Avail Finance, among others

Best of BS Opinion: Start-up's flights of fancy, powering mobility & more

Here's a selection of Business Standard opinion pieces for the day

Start-up's flights of fancy

India's first home-grown messenger app Hike shut down and vanished from app stores on Monday

Daimler India announces global competition for early-stage start-ups

Open from Dec 21 to Jan 29; initiative organised in association with Office of the Principal Scientific Adviser to GOI and Invest India

Sebi suggests relaxing of norms to boost listing of start-ups

The regulator has issued a consultation paper in this regard and sought suggestions from public till January 11

Edtech startup Classplus signs Sourav Ganguly as its brand ambassador

Edtech startup Classplus announced former Indian cricket captain, Sourav Ganguly as its brand ambassador and nationwide celebrity endorser

Babysutra signs a deal worth 13.33 million USD with Metalex International Group

Metalex Group has confirmed mentioning about the proud association with Babysutra.

VC investments in online gaming start-ups hike 114% to $376 mn in 2020

According to reports, online gaming companies have risen up to 275 in 2019

Start-ups emerge out of Covid shadow, expand runway: Nasscom survey

The study finds 43% enterprises have enough cash to sustain for over six months as compared to 8% in May; most expect to hit pre-Covid level over next six months

Unacademy's valuation tops $2 bn with funding from Tiger Global, Dragoneer

The latest fundraise follows funding round in September when the company raised an investment of $150 million in a round led by SoftBank Vision Fund 2 at a $1.45 billion valuation