Page 8 - Startups

India's technology start-ups set to continue IPO rush into 2022

Delhivery, Snapdeal, PharmEasy, OYO and Ola are among those slated to list in the bourses in the coming year

India emerged as second biggest startup hub in world, says PM Modi

Modi on Tuesday said that India has emerged as the second biggest startup hub in the world, and this has been achieved majorly with the help of students from the Indian Institutes of Technology (IITs)

Unicorns turn into strategic investors; Zomato grabs a big pie

Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow

A selection of the five best books in a year of start-ups and unicorns

Looking back at 2021, we take note of the top start-up-related books published this year that shed new light on this space

Fintech startup Khatabook plans to double employee base in 2022

The company said that it will continue to strengthen its talent base in 2022 by accelerating hiring across engineering, design, product and data teams

Eggoz raises $3.5 mn in Series A funding round led by NABVENTURES

With this funding, Eggoz intends to increase its brand footprint, launch egg-based value-added products, and enter new geographies.

India displaces UK to be third top country hosting unicorns: Report

However, the US and northern neighbour China, who occupy the first two ranks, are way ahead, according to the data compiled by Hurun Research Institute

The limits of unicorns

Start-ups cannot be a growth engine for the Indian economy

Gruhas Proptech plans to launch $150 mn-proptech focussed fund

Gruhas Proptech, backed by Zerodha promoter and Puzzolana Group, plans to launch a USD 150 million proptech focussed fund in the first quarter of next financial year

'Shark Tank India': Pitch perfect reality comes to Indian TV

The "sharks" were initially apprehensive about facing the camera, but they were assured that the show would be unscripted

Zepto races to $570 mn valuation, says median delivery time is 8:24 min

The company said it has been tripling its user base every month

Hevo raises $30 million in funding from Sequoia Capital India, others

The company plans to use the funds to scale sales and marketing efforts, double the focus on building new products, and build teams in the US and Europe

Venture Catalysts made 207 bets in 2021, biggest exit brought 80x returns

IPO rush encourages early stage investor to dial-up deals up to Series C rounds

What is general corporate purpose, why it is under SEBI lens?

SEBI has proposed change in listing norms to bring in more transparency. One was to cap the amount companies, mainly start-ups, can raise under general corporate purpose or GCP. Find out what is GCP

Bengaluru-based Third Wave Coffee raises $6 mn in Series A funding round

The Series A funding comes just months after the start-up closed its pre-Series A funding round in April from a clutch of investors.

Less govt interference will make startup ecosystem grow: Piyush Goyal

The Minister of Commerce and Industry was addressing a gathering during a visit to the Science and Technology Park at the Savitribai Phule Pune University (SPPU)

BSE, HBF Direct sign pact to promote listing of SMEs, startups

Leading stock exchange BSE on Tuesday said it has collaborated with HBF Direct Ltd to encourage and promote listing of small and medium enterprises (SMEs) and startups across India. HBF Direct is a management consultancy company and offers advisory services to SMEs and corporates in the areas of corporate, finance & legal, fundraising and IPO advisory. Through this pact, HBF Direct will assist the exchange in evaluating SMEs and startups for listing on BSE's SME & startups platform, the exchange said in a statement. In addition, the management consultancy company will also refer curated SMEs and startups to BSE for the listing. Further, the two entities will host joint road shows and events across India for creating awareness and to promote listing of SMEs and startups on the bourse's platform. "At a time when small businesses are slowly recovering from the economic impact of Covid-19, equity funding can be of paramount importance. By leveraging existing client base of HBF ...

Agritech startup AgroStar raises $70 million from investors for expansion

Agritech startup AgroStar has raised USD 70 million (around Rs 527 crore) from Evolvence, Schroders Capital, Hero Enterprise and UK's development finance institution CDC to expand its business

IIT Madras faculty founded 94 startups till Oct, valued at over Rs 1,400 cr

From a startup aiming to make hybrid aerial vehicles to the converting waste to crude oil, faculty members at IIT Madras founded at least 94 enterprises having a combined valuation of over Rs 1,400 cr

The myth of being your own boss

The aura around the heroes of the start-up world has added to the lure of entrepreneurship