Funding
Brief
Investment in Indian startups March 2023: Late-stage funding boosted the overall deal value
Investment in Indian startups has started drying up since the second half of 2022, owing to massive layoffs and global economic uncertainty. However, Indian startup entrepreneurs took a sigh of relief last month as the total investment in Indian...
Brief
Lenskart to attract half a billion dollar investment amidst the global slowdown in VC funds and massive layoffs!
Lenskart has revolutionized the eyewear industry by transforming the mundane act of wearing glasses into a fashion statement that combines style, comfort, and affordability. This 13-year-old omnichannel eyewear brand is one of the few startup unicorns in India that...
Brief
Sequoia Capital puts GoMechanic under forensic audit: Founder admits financial irregularities, fires 70% of the workforce
Dazeinfo -
One after another after another; a number of Sequoia Capital's portfolio companies are found to be indulged in serious financial irregularities, and the latest one that is added to the list is GoMechanic, an automobile after-sales service startup.
On January...
Brief
Only 13 Unicorn Startups in India are profitable: Funding Winter puts Indian startups to the real test
Dazeinfo -
Startups in India have started deploying strategies that would put them on the road to profitability in the near future as funding winter sets in. More unicorns are now ditching the "grow at any cost" strategy for profits as...
Brief
VC funding in Indian startups 2022: Late-state funding declined over 50%
The venture capital funding for Indian tech startups has dried up in 2022, after shattering all previous records in 2021. The VC investment in Indian startups dropped a notable 32.5% YoY in 2022, to just $23.95 billion, according to...
Brief
Funding in Indian startups in Q3 2022: Down 80% YoY, indicating tough time ahead for entrepreneurs
There is a tough time ahead for startups in India who are seeking to raise funds. The funding in Indian startups dropped a massive 80% YoY to just $3 billion in Q3 2022, according to a recent Traxcn report,...
Brief
Government’s big decision for Indian startups to boost the fundraising activity this year!
There is good news for all Indian startup entrepreneurs. The government of India has extended the timeline for startups to convert debt investment into equity shares by up to ten years, According to a press note from the DPIIT...
Brief
Government of India May Allow LIC, EPFO to Invest in Startups
Dazeinfo -
It's raining money for Indian startups. After SEBI relaxed its guidelines for listing a company in the stock market, many startup unicorns have started gearing up to float their IPO. The humongous success of Zomato, the first startup unicorn...
Brief
Clubhouse Valuation Soars To Jaw-Dropping $4 Billion With In A Year Of Founding
Clubhouse, the invite-only audio-based social networking app, skyrocketed in popularity after a majority of netizens discovered the platform amid a pandemic. Since then, many gone to dub the app as the ‘future of social media’ while it continues growing...
Brief
Indian Startups Close FY21 Strong With $3.65 Billion In Funding!
A series of large financing rounds, amounting to $3.65 billion made their way into some of the best Indian startups in Q4 FY21. This is a straight forward increase of $430 million from $3.22 billion in Q4 FY20.
The capital...
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UPI transactions in India hit an all-time high of 9.4 billion in May 2023
India has seen a digital boom in the last five years, especially after Covid-19 Pandemic. The number of people...
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