BUSINESS
Exclusive: Urban Ladder looks for buyer at lower valuation; top VCs may have to take haircut
Its proposed valuation of about Rs 200 crore is only a fraction of the capital it has raised -- over Rs 700 crore from top venture capital funds.
BUSINESS
Oyo, Byju-backer Sequoia Capital India raises $1.35 billion across new funds
The new fund will allow Sequoia to be aggressive at a time when valuations are relatively low and most other investors don’t have as much capital to deploy, sources told Moneycontrol
BUSINESS
Exclusive | Byju’s in talks to acquire coding upstart WhiteHat Jr
Online learning platform Unacademy, which focuses on test preparation for competitive exams, had also expressed interest, but Byju’s has offered more money to acquire WhiteHat Jr
BUSINESS
Exclusive | China a major investor but companies already looking at other sources, says InnoVen Capital CEO Sharma
There is higher investor interest in sectors enjoying tailwinds due to COVID, for instance, ed-tech, health-tech and ecommerce, says Sharma
BUSINESS
Zetwerk raises $21 million in Series C round led by Greenoaks Capital
The B2B startup will use funds for international expansion, launching new products.
BUSINESS
Exclusive: Edtech startup Vedantu to raise $100 million, double valuation to $600 million in just 3 months
Vedantu was valued at $280 million in April, according to an Entrackr report.
BUSINESS
Tiktok, Helo, UC Browser among 59 Chinese apps banned: India's ShareChat to gain?
The Ministry of Information Technology, on June 29, banned 59 mobile apps, saying they are engaged in activities which are "prejudicial to the sovereignty and integrity of India, defence of India, security of state and public order.
BUSINESS
COVID-19 impact | Startup funding in June quarter at $1 billion - lowest in five quarters
Indian startups raised $1 billion across 116 deals in the second quarter of 2020, compared to $3 billion in the first quarter, according to data from Venture Intelligence, a startup data tracker.
BUSINESS
Not just firing, Indian startups are hiring too
With long-term goals on mind, companies are looking for specialists to build technology, products and analyse data.
BUSINESS
Exclusive | Online learning startup WhiteHat Jr eyeing $350 million valuation
WhiteHat was founded by Karan Bajaj, the former CEO of Discovery India, in late 2018. It is currently witnessing bookings of Rs 30-35 crore a month.
BUSINESS
Exclusive | Postman CEO Asthana: APIs can be big and we are just getting started
With new technology, the gap between the developed world and emerging economies is shrinking, if it hasn’t disappeared already, says Asthana.
BUSINESS
Exclusive: BharatPe chief business officer quits
Agarwaal was responsible for BharatPe’s lending business, where it is currently disbursing about Rs 30 crore a month to offline retailers and merchants - the bulk of the company's customer base.
BUSINESS
Exclusive | Chinese VCs bullish on Indian startups despite FDI rule, border tensions
Chinese funds, among the largest investors in Indian startup ecosystem, are still issuing term sheets to early stage companies in spaces such as content, gaming, and online education — spaces that will gain from the COVID-19 pandemic.
BUSINESS
A91 Partners invests Rs 125 crore in Pushp Spices
Founded by Mahendra Surana and Surendra Surana, Pushp said it will use the capital for expanding and deepening distribution network, beefing up the existing sales team and enhancing marketing initiatives to strengthen the brand across India.
BUSINESS
Jai Kisan raises Rs 30 crore from Arkam Ventures, Nabard arm
The rural fintech startup has given loans worth Rs 50 crore to farmers in the last six months.
BUSINESS
This week 21 years ago, Google raised $25 million from Sequoia Capital, Kleiner Perkins
Google was also among the investments which made Moritz a venture investing superstar and Sequoia the world's leading VC.
BUSINESS
LetsTransport raises Rs 10 crore in debt from Stride Ventures
LetsTransport is present in 15 cities and has over 60,000 drivers on its platform.
BUSINESS
Jolted by virus, Indian startups finally get down to making money
As pressure mounts and investors tighten purse strings, startups cut costs, streamline businesses with a singular aim of making profits.
BUSINESS
What does Postman, India's newest unicorn, do, and 4 other questions answered
The software startup helps coders test and develop tools that allow apps to talk to each other.
BUSINESS
Software startup Postman turns unicorn, valued at $2 billion
Used by more than 500,000 companies globally, the Postman API Platform helps them accelerate their pace and effectiveness of software development.
BUSINESS
ESOPs were once the rage in startups. Not anymore
As companies look to conserve cash, ESOPs should come into play but they find few takers among employees as well as founders.
BUSINESS
Millennials fast-tracking recovery of consumer startups: Fireside Ventures
Some companies catering to millennials are seeing their revenues return steadily to pre-COVID levels, says Fireside’s Kanwaljit Singh.
BUSINESS
Intercity bus startup Yolobus raises $3.3 million from Nexus, India Quotient
Suvir Sujan and Anand Lunia, founders of Nexus Venture Partners and India Quotient, respectively, will join Yolobus’ board of directors.
BUSINESS
Arkam Ventures announces first closure of maiden fund at Rs 325 crore
Investors in the fund (limited partners) include Flipkart co-founder Binny Bansal, Paytm founder Vijay Shekhar Sharma, Info Edge founder Sanjeev Bikhchandani, MakeMyTrip CEO Rajesh Magow, among others
