BUSINESS
piVentures looks to raise second fund of up to Rs 750 crore
piVentures is looking to raise a second venture fund nearly thrice the size of its first fund to invest in AI and deep tech startups.
BUSINESS
Startup community stands up for India: A list of projects you can contribute to
Do you want to help India deal with the COVID-19 second wave, from home? This is what some of India's startups and investors are doing, and you can contribute too.
BUSINESS
Amid startup boom, second COVID-19 wave plays spoilsport
The second wave of the coronavirus pandemic is hitting startups, with many companies having dozens test positive in a few days. Founders are prioritizing employee care, even as startups have parallelly been on a funding tear and investors have been more aggressive then ever before.
BUSINESS
Tiger invests in crypto platform CoinSwitch Kuber at $500 million valuation
The crypto platform has been valued at $500 million at a time when Coinbase went public in the US at an eye-popping $100 billion valuation.
BUSINESS
Meet the 20-year olds whose startup wants to revolutionise content creation
Enterprising college students dreamed big and slogged it out to create a content marketplace that attracted one of the world’s top VC firms. Starting with writing 250 articles themselves for the first order received 10 days before final exams at BITS Pilani, they now aim to storm the global $400 billion market with plans for Pepper Content to enter the US.
BUSINESS
Alteria Capital invests Rs 70 crore debt in Dealshare
E-commerce firm Dealshare raises debt from Alteria Capital ahead of an equity infusion led by Tiger Global.
TRENDS
Oyo eyes new uses for quarantine, healthcare workers amid second wave virus siege
As it gets set in this new role, the Softbank-backed hospitality firm is better placed and mentally prepared for handling the virus challenge this year after having seen 2020; organisation is aligned to serve society at this point in time, says CEO.
BUSINESS
Chargebee raises $125 Mn at a valuation of $1.4 Bn, enters unicorn club
The latest round of fundraising makes Chargebee the 11th unicorn to emerge from India in just four months of 2021, compared to 11 unicorns in all of 2020, underscoring the high investor interest.
BUSINESS
Exclusive | Tiger Global in talks to back less than a year-old Dukaan at $300 million valuation
Tiger continues its dealmaking frenzy in India, armed a new $6.7 billion fund. Its latest investment Dukaan is seen by investors as one of the most promising startups in recent times
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.
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
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.
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.
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
BUSINESS
Cred turns unicorn, raises $215 million at a valuation of $2.2 billion
The company, which bought back employee stock options worth $1.2 million during its Series C round of funding, has announced an ESOP buyback worth $5 million with the current round.
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.
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.
BUSINESS
Exclusive | Meesho CEO Vidit Aatrey: Will focus only on India for next few years
The social commerce firm wants to focus only on India- a change in strategy- and enable 100 million small businesses to come online. The Facebook-backed startup also wants to be platform agnostic and be wherever the user goes, not just WhatsApp or Instagram,
BUSINESS
Moneycontrol on Clubhouse: Future of Digital Payments in India
With over 200 million active digital payment users of in India, UPI transactions crossed 5 lakh crore in value for the month of March 2021.
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.
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.
BUSINESS
Prominent valley investors Naval Ravikant and Balaji Srinivasan invest in Koo, Tiger Global likely to lead next round
Koo co-founder and CEO Aprameya Radhakrishnan confirmed to Moneycontrol that Ravikant, who was an early investor in Twitter and Clubhouse, and Srinivasan, invested in the company last month.
BUSINESS
Exclusive | Chinese investors, angels eye exit from Cred in secondary share sale
After social media app Koo and fintech firm Krazybee, Chinese investors in Kunal Shah-led Cred are selling their entire stake
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.
