BUSINESS
Want to IPO in 12-18 months, going public is a big aspiration: Byju Raveendran
Online learning firm Byju's, India's most valuable startup, has acquired companies for $2 billion in the last six months alone. Foundeer Byju Raveendran and Mohan Lakhamraju, CEO of Great Learning talk about its latest acquisition, China's edtech crackdown and future plans
BUSINESS
Why Byju's is betting big on the upskilling space
Byju's, India's most valuable internet startup continues its acquisition spree, buying Great Learning for $600 million.
BUSINESS
Exclusive: Pagarbook lays off over 80 employees amid startup boom
Payroll management startup Pagarbook, funded by Sequoia and others, and among the hottest early stage startups in recent times, has laid off over 80 employees, purging its sales and marketing departments.
BUSINESS
Zomato IPO: Early investor Sequoia talks about the food delivery giant’s origins and X-factor
Zomato was the first modern Indian tech startup to go public and was valued at over $10 billion on listing day, compared with $3.5 billion less than a year ago. Long-time board member Mohit Bhatnagar, managing director at Sequoia Capital India, talks about the opportunity he saw in 2013, how things changed and what makes Zomato unique.
BUSINESS
Zoom meets at night, 46 weekend calls: FOMO drives VCs to faster deals
Venture capital firms are closing deals faster as founders are flooded with competing funding offers. The breakneck speed makes deal-making riskier. How are VCs interpreting the boom? How do risk and the possibility of massive returns stack up against each other? Moneycontrol explores.
BUSINESS
BlackBuck turns unicorn, valued at $1.02 billion with Tribe, IFC funding
Trucking logistics firm BlackBuck becomes India's 16th unicorn of 2021 in a record-breaking year for startup funding.
BUSINESS
Byju’s acquires US-based reading startup Epic for $500m
This is not Byju’s first foray into the US. In 2019 it acquired educational games-maker Osmo, another US-based firm for $120 million.
BUSINESS
Tiger Global's aggression and the 5 stages of startup grief
Tiger Global's deal-making spree has shocked and surprised top VC firms and entrepreneurs alike. But the initial shock has given way to cold hard logic. Tiger's $1.4 billion in Indian startups this year is a record but how will its strategy of aggressive valuations for unproven companies pan out? The answer may not be what you expect.
BUSINESS
Thrasio-style GlobalBees raises $150m Series A round from SoftBank, Lightspeed, others
Another Thrasio-style startup had raised India's largest ever Series A round
BUSINESS
Berkshire Hathaway, Ratan Tata among major investors looking to exit Paytm in record IPO
Paytm IPO: While the prospectus didn't specify what portion of their holdings these major investors will sell, it said that founder Vijay Shekhar Sharma also plans to sell a part of his 14.6 percent stake
BUSINESS
Private equity goes aggressive on startup investing
PE funds are investing more in internet startups than ever before. The large India tech opportunity is making PE firms take riskier bets than usual, but investors are optimistic are startups are finally going public, reducing the risk somewhat. Moneycontrol decodes why the change and what this means
BUSINESS
Decoding MobiKwik's IPO documents in 5 charts
MobiKwik is looking to raise Rs 1,900 crore through the offering. About Rs 1,500 crore will be primary share sale, while up to Rs 400 crore will be secondary share sale where existing investors can sell their stake
BUSINESS
Mobikwik files DRHP for Rs 1,900 crore IPO
About Rs 1,500 crore will be primary share sales while up to Rs 400 crore will be secondary share sales where existing investors can sell their stake.
BUSINESS
Ola Electric raises $100 million debt for two-wheeler EV hub
Ola Electric, led by Bhavish Aggarwal, has raised $100 million in debt from Bank of Baroda for its electric vehicle manufacturing facility which will be used to make 10 million electric scooters a year
BUSINESS
Ola raises $500 million pre-IPO round from Temasek, Warburg Pincus
Ola didn't disclose its valuation, which could be lower than before because it has been battered by the COVID-19 pandemic. It also didn't disclose by when it plans to go public.
BUSINESS
From High Growth to Governance Issues: Inside a Petcare Startup’s Struggles
Cozo Pets aimed to become the next big startup. Top multinational investors were jostling to pump money into the pet-care company. But things began to implode less than a year after inception. This is the story of what went wrong at a promising startup.
BUSINESS
Once almost fired and now CEO, Amazon’s Andy Jassy faces an uphill battle in India
Andy Jassy starts his stint as Amazon CEO on July 5. A disciple of Jeff Bezos, known for his intense work ethic and the man behind AWS- Amazon's cash cow, Jassy faces a tough task in India, battling the inward-looking government, antitrust bodies and competitors, among others.
BUSINESS
Exclusive: Policybazaar aims to file DRHP for IPO in July, eyes $4-5 billion valuation
Policybazaar is planning to file its draft documents to go public in July, a key step in a historic internet IPO. It is seeking a valuation of $4-5 billion, more than previously reported, and a result of investor excitement. The Yashish Dahiya-led insurance marketplace also got a brokerage licence recently, expanding its horizons.
BUSINESS
Meet VC Analysts, the under-the-radar backbones of top VC firms
At VC firms, all the attention is on the partners- they get awards, are subjects of profiles and scrutiny. But analysts, the junior-most investors at a VC firm do crucial work, often the same as partners. Little is known about them, their career prospects, challenges of working during the pandemic, and dealing with an unexpected boom. Moneycontrol explores
BUSINESS
Thrasio-model startup 10club raises $40 million seed round from Fireside Ventures, others
The large round is the result of the hype around the e-commerce roll-up space—building a house of online brands—due to US-based unicorn Thrasio, which pioneered the model and has been a breakout success.
BUSINESS
Exclusive | Infra.Market eyes $2.6b valuation, nearly 3x jump in 3 months in Tiger-led round: Sources
B2B marketplace Infra.Market, which was valued at a billion dollars in March is now raising funds at a valuation of $2.5 billion pre-money led by Tiger Global Management. The aggressive valuation is a result of its rapid growth at scale. It has also led preliminary conversations with PE giant TPG.
BUSINESS
Vedantu grows 4x year-on-year, economics improve as edtech boom continues
Vedantu was valued at $600 million last year, when US-based Coatue Management led a $100 million round. Its investors include venture firms Accel, Tiger Global Management and GGV Capital.
BUSINESS
Explained | After a startup raises money, how is it managed?
Say a startup raises $200 million. Not all $200 million is immediately used, right? Where does it go? Does it even come all at once? Moneycontrol answers.
BUSINESS
Jitendra Gupta’s neobank Jupiter wants to be Swiggy for banking: Will it work?
Jitendra Gupta's neobank Jupiter has got 30,000 sign ups in its first three weeks, an encouraging response for one of India's biggest startup bets by the fintech veteran. Moneycontrol looks at Gupta's plan and what does a Swiggy-for-banking experience entail.
