BUSINESS
Founder-CEO Ashneer Grover on why BharatPe chose not to be a unicorn, for now
Ashneer Grover thinks BharatPe has achieved a lot but has a long way to go, the unicorn tag can be a distraction.
BUSINESS
Exclusive: Anthill partners a foreign PE to set up $130-150 million early growth stage fund
There is paucity of capital as start-ups begin to scale and move into the late venture capital stage. There exists tremendous opportunity for smart investors to tap into these start-ups and it is this space that the company is eyeing.
TRENDS
Koo founder: All for freedom of speech but will first follow law of the land
Aprameya Radhakrishna, co-founder of Koo, which is benefitting from Twitter’s row with the Indian government, says his microblogging site will bring together English and non-English speaking users.
BUSINESS
Cryptocurrency ban will be unprecedented, govt bitcoin defeats purpose, say experts
They believe it makes sense to regulate rather than proscribe one of the fastest growing sectors in fintech globally; to consider a draconian piece of legislation will deprive investors and entrepreneurs of participating in a great wealth creation opportunity
BUSINESS
Soon, your smiles and frowns will tell an etailer your likes and dislikes
Facial recognition and emotion analysis will soon help etailers capture customers’ emotions and help them offer the right products. Artificial intelligence will help the etailers detect a shopper's gender, age and emotions, among other things, in real time, and target them with relevant ads and promotions
BUSINESS
HDFC Bank invites startups to apply for SmartUp grants
The startups will be evaluated basis their market reach, penetration and scalability of the product, degree of social impact in beneficiaries’ lives and economic viability of product at scale.
BUSINESS
Venture Catalysts' 9Unicorns raises Rs 100 crore from Haldiram's, others
With a growing interest among domestic and global investors, the early-stage startup fund has decided to expand the corpus to Rs 500 crore from Rs 300 crore.
BUSINESS
MakeMyTrip raises $200 million through zero percent interest bond
MakeMyTrip reported a correction in the bookings during the last quarter of 2020 which had witnessed a steep fall following the pandemic and the subsequent lockdown earlier during the year.
BUSINESS
Vested Finance that allows Indians to invest in US stock market raises $3.6 million
Vested processed more than $100 million in trades in 2020 and more than half of the investors using the platform are investing in the US market for the first time, the company has said .
BUSINESS
Ixigo acquires Bengaluru's Confirmtkt in stock & cash deal
The founders of Ixigo will join the board of the online train discovery and booking platform. Both companies will continue to run independently after the acquisition.
BUSINESS
Mpowered seeks SEBI approval to set up AIF for retail investors
Mpowered, which recently raised $21 million from high-net-worth individuals, helps property owners convert their real estate liabilities into profit-generating ventures.
BUSINESS
Here's how you can apply for funds from govt's Startup India Seed Fund scheme
The fund will provide up to Rs 20 lakh as grant for validation of proof of concept to the startups. This grant will be disbursed in milestone-based instalments.
BUSINESS
Union Budget 2021: Centre leaves startups to be atmanirbhar, with little on table
The extension of capital gains exemption for investment in startups has been applauded by one and all.
BUSINESS
Union Budget 2021: Gig workers like e-commerce delivery boys, cab drivers likely to come under security net
Union Budget 2021: The government will launch a portal that will collect information on gig and construction workers.
BUSINESS
Budget 2021: NRIs can now start One Person Companies, but less relevant for startups
Union Budget 2021-22: One-person companies are very popular in other markets such as the US, Europe and Singapore.
BUSINESS
Regulate instead of banning cryptocurrencies in India, say entrepreneurs
The Regulation of Official Digital Currency Bill, 2021 is likely to be introduced in the Budget Session of Parliament. The bill, if passed, will prohibit the use of cryptocurrency as legal tender and currency.
BUSINESS
Over 40 funded startups working in space segment in India: Economic Survey
The government had opened up the space sector in June 2020 enabling participation from private firms in space initiatives
BUSINESS
Economic Survey 2021: Start-ups created 4.7 lakh jobs till December
India is now home to 38 unicorns, with at least 12 startups getting added to the list in 2020, says the survey.
BUSINESS
Here how this home-grown firm's temperature-controlled boxes will aid pharma companies in transporting Covid-19 vaccines
Here how this home-grown firm's temperature-controlled boxes will aid pharma companies in transporting Covid-19 vaccines
BUSINESS
Bombay Shaving Company raises Rs 45 crore in a round led by Reckitt Benckiser
The company, which has a portfolio of more than 100 products across shaving, skin, and beard care, will utilise the funds to scale up operations.
BUSINESS
Swiggy's FY 2020 losses widen 61% to Rs 3,768 crore
Swiggy, however, reported a 115 percent increase in revenue at Rs 2,776, with a total expense of Rs 6,545 crore.
BUSINESS
Melorra founder says offline retail isn't dead, launches three outlets in Delhi
The company plans to launch a few more stores in March in Mumbai and then step up the expansion from April with 30-40 outlets launched across the country by December.
BUSINESS
How the geniuses behind the 3 Idiots drone bagged a $20 million UAV deal from the Indian Army
Back in 2008, Ankit Mehta, Rahul Singh and Ashish Bhat had been working on drone technology for fun. The 26/11 attacks, however, made them determined to develop UAVs that would help the defence forces in hostage and siege situations. Today, their company, ideaForge, has bagged a $20 million contract from the Indian Army to supply high-altitude drones.
BUSINESS
Small-Town Startups | How a visit to Elon Musk’s SpaceX factory inspired this young techie to build India’s first private earth-imaging satellite
In a candid conversation, Awais Ahmed talks with Moneycontrol about how this whole idea came into existence, the challenges of building a space start-up in India and the investor’s sentiment towards this segment.
