BUSINESS
FDI rule aimed at China becomes law after FEMA notification
Some of China’s largest VCs such as Qiming, CDH and Morningside have all made early stage bets in India.
BUSINESS
Exclusive | What does Jio-Facebook deal mean for their other startup investments?
The $5.7-billion investment will have a ripple effect through India’s startup and consumer internet ecosystem, say insiders.
BUSINESS
Does Jio deal make Facebook India’s top tech investor ahead of SoftBank?
Despite both firms investing in technology companies, Facebook has a decidedly strategic angle to all its investments globally in India.
BUSINESS
What the restrictions on Chinese investments really mean for Indian startups
Funding plans in disarray, potential changes capital structures — the government’s decision requiring approvals for FDI from China and neighbouring countries has confounded India’s startup founders.
BUSINESS
Virtual Leaders | During lockdown, even a 30-mnt break helps me spend time with family: Vamsi Krishna, co-founder and CEO, Vedantu
Moneycontrol’s M. Sriram speaks to Vamsi Krishna, co-founder and CEO, Vedantu
BUSINESS
FDI policy change: While taming the dragon, India might be harming its baby elephants
While this move was triggered by PBOC’s investment in HDFC, it will also impact Indian startups, for whom China has been a stable source of capital.
BUSINESS
Virtual Leaders | We have Zoom parties to catch up over a drink: Varun Alagh, Co-founder and CEO, Mamaearth
Varun Alagh is the Co-founder and CEO of Mamaearth.
BUSINESS
Exclusive | For gaming startups, COVID-19 may be a zero-sum game
The number of users goes up but coronavirus-hit companies cut down on ads.
BUSINESS
Virtual Leaders | During lockdown, I dress and prepare exactly like a normal work day: Wakefit Co-founder Chaitanya Ramalingegowda
Chaitanya Ramalingegowda is the co-founder of Wakefit
BUSINESS
FarEye raises $25 million funding, to accelerate growth in US, Europe
Existing investor SAIF Partners also participated in the Series D round.
BUSINESS
Exclusive | Dailyhunt in talks with Alpine Capital for $25 million funding round
The regional language news and content aggregator has seen its numbers go up during the lockdown, say sources.
BUSINESS
Virtual Leaders | Will hug buddies once we get back to office: Vivekananda Hallekere of Bounce
Vivekananda Hallekere is the co-founder and CEO of scooter rental startup Bounce
BUSINESS
Redcliffe Life Sciences looking at genome sequencing tests to combat COVID-19 spread
The proposal so far does not have a revenue model besides the subsidised price, and government funding will have to play a huge role for this plan to be implemented and testing to happen.
BUSINESS
Exclusive | COVID-19: Smaller Indian VCs may feel squeezed
While the COVID-19 pandemic has sharply hit the entire industry, not everyone is equally hit.
BUSINESS
Lido Learning raises $7.5 million from Alibaba-backed BAce Capital
The online education startup had in late March raised a funding round of $3 million.
BUSINESS
Coronavirus impact: Startups seek longer time to pay back venture debt firms
Startups in sectors worst hit from the pandemic - such as travel, hospitality, transportation, and even delivery firms, have asked for 3-6 months more than originally planned.
BUSINESS
Coronavirus impact | Oyo founder Ritesh Agarwal to forego salary for rest of the year
"The company's entire executive leadership team has taken a voluntary pay cut starting at 25 percent, with many opting for an additional uncapped amount, and some going up to 50 percent to enable building the runway for the company. This would be effective April 2020," Oyo said
BUSINESS
Coronavirus impact: Bounce cuts salaries across levels to extend cash runway
Employees would take pay cuts of 20-60 percent based on salary slabs, a part of which will be compensated by employee stock options.
BUSINESS
Nykaa gets Rs 100-crore funding boost from Steadview Capital
The funding announcement came a few hours after the company suspended operations, citing the lockdown.
BUSINESS
Coronavirus impact: Startup funding falls 50% in March
Indian startups raised $354 million across 34 deals in March 2020, less than half the $714 million raised in February across 46 deals, according to data from Venture Intelligence, a startup data tracker.
BUSINESS
Lido Learning raises $3 million from Paytm president, Picus Capital
The Mumbai-based startup had raised $3 million in a seed funding round in November 2019.
BUSINESS
Coronavirus pandemic | Indian VCs set up Rs 100 crore fund to support startups
The fund comprises marquee investors like Sequoia Capital, Accel, Matrix Partners and Kalaari Capital.
BUSINESS
Exclusive | Top VC funds come together to support companies
VC funds including Sequoia Capital, Accel, Lightspeed Venture Partners and Matrix Partners India are currently finalising the plan
BUSINESS
Microsoft Ventures, Honeywell in talks to invest $40 million in software startup FarEye
FarEye’s clients include logistics firms Blue Dart and First Flight, as well as companies from other sectors such as Tata Steel Ltd. and Landmark Group.
