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Sriram Mani

Senior Correspondent

Moneycontrol.com

5 factors driving the startup funding boom in India

TRENDS

5 factors driving the startup funding boom in India

For the longest time, startup IPOs in India have been a mirage. Companies have spoken about them as a distant goal but no real desire to go public was seen.

Alteria Capital hits Rs 1,325 crore first close for second debt fund

BUSINESS

Alteria Capital hits Rs 1,325 crore first close for second debt fund

Alteria Capital has raised Rs 1,325 crore for its second venture debt fund, the latest sign of the startup funding frenzy that grips India

VC firm India Quotient’s first investment in ShareChat grew 540 times. They say that’s just the start

BUSINESS

VC firm India Quotient’s first investment in ShareChat grew 540 times. They say that’s just the start

India Quotient's investment in social media firm ShareChat was ridiculed and questioned by many for years. While some questions still linger, the investment is an unmitigated success, and investors expect the unicorn to have a monthly revenue of $40-50 million in 2-1/2 years. Here's how and what happened.

ShareChat raises $500 million from Tiger, Snap, Twitter; valued at $2 billion

BUSINESS

ShareChat raises $500 million from Tiger, Snap, Twitter; valued at $2 billion

ShareChat gained early traction and saw investors including Lightspeed, Elevation Capital (SAIF Partners), Shunwei Capital and Xiaomi invest.

OfBusiness raises $110 million led by Falcon Edge, valued at close to $800 million

BUSINESS

OfBusiness raises $110 million led by Falcon Edge, valued at close to $800 million

Lending firm OfBusiness has raised $110 million valuing it at close $800 million, nearly triple its valuation from less than two years ago. The deal is also important given that small business lenders were among the worst hit during the pandemic and yet, some have recovered to become even stronger

MC Exclusive | Tiger to invest in ShareChat at $2 billion valuation

BUSINESS

MC Exclusive | Tiger to invest in ShareChat at $2 billion valuation

ShareChat is set to catapult to the unicorn club, raising funds up to $200 million led by Tiger Global and others. The ban on TikTok and other Chinese apps triggered a wave of hypergrowth for the company, set to be valued at $2 billion. Sources say it has managed to rise above a litany of competitors in the short video space with its Moj app.

'Our and Byju’s values were very similar,' says Aakash Chaudhry on billion-dollar acquisition

BUSINESS

'Our and Byju’s values were very similar,' says Aakash Chaudhry on billion-dollar acquisition

Aakash Chaudhry, managing director of the test prep firm, talks about why they sold to Byju's for a billion dollars, the future of education, and why offline classes are still important.

Last week in startup funding: Big rounds all around

BUSINESS

Last week in startup funding: Big rounds all around

In just one week, Indian startups have raised a billion dollars. We look at some the largest deals of the week and who invested.

We did not grow until we perfected the business model: Five Star Finance Chairman

BUSINESS

We did not grow until we perfected the business model: Five Star Finance Chairman

How do you build an NBFC? What are the thousand micro steps that can affect collections and growth? How do you expand cautiously, yet build aggressively? Meet Five Star Finance, a lender valued at $1.4 billion, backed by Sequoia Capital, KKR and TPG. Yet no one knows what exactly worked for them. In a deepdive with the company, Moneycontrol finds out.

Last week in startup funding: Large rounds in gaming, secondary deals gain momentum 

BUSINESS

Last week in startup funding: Large rounds in gaming, secondary deals gain momentum 

A big week for startup funding with over $700 million raised this week alone across sectors. More so, secondary transactions picked up momentum too.

Five Star Finance raises $234 million from Sequoia, KKR, valued at $1.4 billion

BUSINESS

Five Star Finance raises $234 million from Sequoia, KKR, valued at $1.4 billion

The non-banking lender becomes India's fourth unicorn in 2021after Digit Insurance, SaaS firm Innovaccer and business to business marketplace Infra.market.

Decoding the origins of IPO-bound Policybazaar

BUSINESS

Decoding the origins of IPO-bound Policybazaar

Yashish Dahiya, co-founder and Group CEO of Policybazaar, talks about the company's origins, why he is different and why he was dead sure it would succeed.

Dream11 parent valued at $5 billion in $400 million secondary funding round

BUSINESS

Dream11 parent valued at $5 billion in $400 million secondary funding round

Dream Sports' valuation doubled to $5 billion in less than six months

Zetwerk buys back $8.3 million ESOPs

BUSINESS

Zetwerk buys back $8.3 million ESOPs

Zetwerk is the latest among a bunch of growth stage startups to give early employees a financial windfall with ESOP buybacks.

Exclusive: Moglix valuation to triple to $1 billion, Falcon Edge to invest

BUSINESS

Exclusive: Moglix valuation to triple to $1 billion, Falcon Edge to invest

Industrial goods marketplace will be India's fifth unicorn- billion dollar private companies- in the third month of 2021. Its valuation is set to triple from less than two years ago. Its investors includr Ratan Tata, VC firms Accel, Sequoia Capital and Tiger Global

Indian tech unicorns get $225 million SPAC from top investors

BUSINESS

Indian tech unicorns get $225 million SPAC from top investors

According to a filing with the US Securities and Exchange Commission, Think Elevation Capital Growth Opportunities is looking to raise $225 million in an IPO.

5-minute pitches, 2-day deals and tons of money—welcome to the 2021 startup party

BUSINESS

5-minute pitches, 2-day deals and tons of money—welcome to the 2021 startup party

A startup funding frenzy is on in India but is it a sign of a bubble? What is different this time from 2015? Will a bust follow this boom or is it a sign of things to come?

Book Review: Kevin Roose’s Futureproof is superb entry point into crucial AI debate 

BUSINESS

Book Review: Kevin Roose’s Futureproof is superb entry point into crucial AI debate 

How will AI affect our jobs and lives? How is it already affecting our jobs and lives? And what can we do about it? New York Times columnist Kevin Roose tries to tackle these questions and provide a manual for how to live in the age of automation

Last week in startup funding: Policybazaar’s pre-IPO round, space tech funding and more

BUSINESS

Last week in startup funding: Policybazaar’s pre-IPO round, space tech funding and more

Here's a snapshot of startup funding for the week ended March 19, 2021.

A year after 'black swan' warning, Sequoia tells founders to step on the gas 

BUSINESS

A year after 'black swan' warning, Sequoia tells founders to step on the gas 

A year after Sequoia's ominous warning to its portfolio companies about bracing for the worst, it is now saying this is the time for entrepreneurs to be aggressive once again.

IVCA Conclave 2021: IPO markets are hot but you can't always time it

BUSINESS

IVCA Conclave 2021: IPO markets are hot but you can't always time it

At the IVCA Conclave 2021, top PE investors spoke about re-imagining the exit scenario in India.

IVCA Conclave 2021: Investors say pandemic was life changing but brought tech to the forefront

BUSINESS

IVCA Conclave 2021: Investors say pandemic was life changing but brought tech to the forefront

In a panel titled, Managing Turbulence: Scanning the Venture Capital industry in India, VCs spoke about what the past year has been like and how things have changed from the beginning of the Covid-19 pandemic to today

In 2020, VC exits fell 70% while SaaS matured: Report

BUSINESS

In 2020, VC exits fell 70% while SaaS matured: Report

Venture capital exits fell 70% in 2020- a result of the pandemic, but SaaS emerged as a rapidly maturing space for startups.

Exclusive: Five Star Finance seeks $1.2 billion valuation, Morgan Stanley may exit

BUSINESS

Exclusive: Five Star Finance seeks $1.2 billion valuation, Morgan Stanley may exit

Morgan Stanley may sell part of its stake for close to $100 million to Sequoia Capital’s Global Growth Fund. Till 2004, Five Star had a loan book of less than Rs 1 crore, which grew to Rs 100 crore by 2012. The lender’s real growth has come since 2012, and it has grown 20 times since.

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