Frontrow joins a growing list of startups to lay off employees citing a funding crunch. According to data compiled by Moneycontrol, so far in 2022, startups have laid off over 5,300 employees. Edtech startups, including a few unicorns, have fired about 3,500 employees
The VC fund may lead a Rs 100-crore round in the fresh milk startup that delivers in Delhi-NCR, Mumbai, Pune and Bengaluru.
The pre-series C round involves a convertible note, which will be converted during the series C raise, a statement said.
With 1,500 users and 150 active investors on the platform, the brand plans to expand to other metro cities and strengthen the tech stack.
SAIF Partners, which manages over $4 billion in assets across India and China, has earlier backed Paytm, MakeMyTrip, Meesho, ShareChat, Swiggy and Urbanclap at an early-stage.
In combination with the USD 15 million raised in January 2017, these funds will be used towards Urban Ladder’s omni-channel expansion, the company said in a statement.
The funding will give the Bangalore-based firm enough strength to compete with rival Zomato and Foodpanda
SAIF invests across seed, Series A and B stages where it enters into a company for the first time. The ticket size of the VC firm ranges between USD 500,000 to USD 10 million
CNBC-TV18's Syna Dehnugara speaks to Deepak Gaur, MD at Saif Partners. Saif Partners have been investing in India for over 14 years. Watch accompanying videos to know more about the lessons learnt by Saif Partners as fund managers.
The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.
Alibaba Singapore E-Commerce Pvt Ltd will invest USD 177 million in Paytm E-Commerce Pvt Ltd, the demerged unit of digital payments company, One 97 Communications that operates under Paytm brand.
Since the Nasdaq-listed company‘s stock price surged by over 50 percent following its merger with the Ibibo Group, the VC firm shed its balance 11 percent in the company.
The company's existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners also participated in the funding round, TravelTriangle said in a statement.
Customers and merchants will need to register with Paytm their mobile number and set a four digit paytm PIN, the company said in a statement here.
Founded in 2014 by Sanjay Sharma and Vikram Jetley, AYE provides loans to micro and small, enterprises across India.
This is the fourth and largest round of capital raised by the company, with previous capital coming from a number of investors including SAIF Partners and Singapore Post, Rivigo said in a statement.
Recently, the company ordered 1,200 medium and heavy commercial vehicles from Ashok Leyland to expand its pan India fleet.
Initially, the company is likely to target markets such as Singapore, Indonesia and Dubai.
Sales, however, fell by 1 percent from 55,500 units in the previous quarter in nine cities - Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, Ahmedabad, Gurgaon, Noida and Pune.
Interestingly, Mediatek is also an investor in Paytm's rival, Mobikwik in India. In May this year, Mediatek had participated in an estimated USD 50 million fund raising by Mobikwik.
Attracting senior talent at affordable salaries is a big challenge for Startups. And as more companies enter the hunt for such talent, early & growth stage VC firm Saif Partners is seeing an immense opportunity.
When a VC says getting trapped in market sizing data is perhaps the wrong approach to investing in early stage start-ups in India then you want to sit up and take note. CNBC-TV18's Adith Charlie caught up with Deepak Gaur and Alok Goel of SAIF Partners for this exclusive chat.
The company, which had raised USD 40 million in largely equity financing till date from SAIF Partners with a small component of venture debt funding from speciality debt financing firm Trifecta Capital, said its fleet size will increase by 80 percent with the latest order to 2,700 vehicles in the next 6-7 months.
Existing investors, SAIF Partners and Matrix Partners India also participated in the round of funding, it said in a statement.
As per a BSE filing by Manpasand Beverages, SAIF Partners India IV Ltd decreased shareholding in the company by 2.26 percent on July 8 to 20.09 percent.