Unicorns

Founders Ronnie Screwvala and Mayank Kumar also invested $12.5 million in this round to maintain their over 50 per cent ownership in the edtech : upGrad Completes Investment Round of $210 Million

upGrad Appoints Myleeta Aga Williams as CEO-International

BY Outlook Start-Up Desk

The Pune-based fintech last raised investment in October 2020 as part of its Series C financing round : EarlySalary set to raise around $100 million in latest funding round

Zomato-backed Shiprocket is the latest entrant to India's unicorn club

BY Outlook Start-Up Desk

Surge 07 comprises 37 founders across 15 start-ups leveraging technology and consumer insights to drive innovation : One-third of start-ups in Sequoia Surges seventh cohort have at least one female founder

Travel portals and hotels are mutually dependent, says Nishant Pitti, CEO and co-founder, EaseMyTrip

BY Vinita Bhatia

It issued 50,27,273 Compulsorily Convertible Preference Shares to Lathe Investment Pte Ltd, giving it 25 per cent equity in Hector Beverages : Paper Boat raises $50 million from GIC Special Investments

BrightCHAMPS acquires English-learning platform Schola

BY Outlook Start-Up Desk

Moreover, Zomato Edition Black credit card users, who get 5 per cent cashback at F&B establishments currently, will get only 1 per cent cashback from September : Zomato suspends Pro membership programme, users cry foul

Sanjeev Bikhchandani reappointed as Zomato's non-executive director

BY Outlook Start-Up Desk

The EV company plans to bolster production, tap in new investors in fresh funding round : Ather Energy Looks At Expansion, Gears Up For Another Fund Raise: Report

Meesho Ropes In Ranveer Singh, Deepika Padukone Amongst Others To Push Five-Day Mega Sale

BY Press Trust Of India

The big tech companies such as Meta, Google, Microsoft, Amazon, and Netflix amongst others met the parliamentary panel on August 23 amidst the allegations of anti-competitive behavior : Meta Tells Parliamentary Panel ‘Enacting’ Gatekeeper Norms Will Have Chilling Effect On Start-Ups: Report

Edtech Unicorn Unacademy Acquires Gate Academy For An Undisclosed Amount

BY Outlook Start-Up Desk

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The proposed combination relates to the acquisition of 100 per cent of the equity share capital of India Ideas Ltd (IIL) by PayU India : CCI Approves PayU Payments Acquisition Of BillDesk

Existing players don’t have any advantage over us, says Shiprocket CEO Saahil Goel

BY Pallavi Chakravorty

The advisory board will offer guidance leveraging their expertise in the fields of agriculture, supply chain design, public policy, finance, ecosystem building and technology : Ninjacart ropes in former agriculture, IT secretaries, Nabard chairman in advisory board

Tata 1 mg Turns Unicorn After Raising $40 Million

BY Outlook Start-Up Desk

If companies can afford to have team work remotely or through small satellite offices, I think they should nudge teams to work out of small towns & cities. This way, the company can play a part in problem-solving, says Kamath : ‘Real Solution Is To Have Many Smaller Cities With Their Own Economies,’ Says Nithin Kamath Amidst Bengaluru Flood

India Has 100 Unicorns With A Value At $250 Billion: Nirmala Sitharaman

BY Press Trust Of India

The preceding month of July 2022 saw the venture funds investing $4.1 billion, while the same stood at $11.2 billion in August 2021 : Investments By Private Equity Firms, Venture Capitalists All 80% To 19-Month Low In August

81 Start-Ups Lost Their Unicorn Status In The Past Six Months

BY Outlook Start-Up Desk

The Harvard Business School professor and author notes that start-up founders often underestimate the time it takes to prove commercial viability over the creation of the invention itself : Odds Of Building A Successful Business From Scratch Are Less Than 20%, Says Former Medtronic CEO Bill George

Manufacturing Unicorn Zetwerk Eyes $100-$125 MIllion Fund Raise: Report

BY Outlook Start-Up Desk

The business-to-business manufacturing providers startup has held talks with funds resembling Premji Invest, TCV Partners and Catamaran : Manufacturing unicorn Zetwerk Eyes $100-$125 MIllion Fund Raise: Report

Ola Electric Onboards New Members Across Key Positions To Unify Operations

BY Outlook Start-Up Desk

The company has also elevated the position of YS Kim, who is a veteran leader in the industry by expanding his portfolio to head sales, Direct-to-Consumer (D2C), and charging network segments in the company : Ola Electric Onboards New Members Across Key Positions To Unify Operations

Bengaluru-Based Boson Whitewater Selected For Startup Challenge By Housing Ministry

BY Outlook Start-Up Desk

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Flipkart, which owns a majority stake in Paytms competitor PhonePe, will host its annual festive season sale between September 23 - 30, 2022 : Paytm Partners With Flipkart For Big Billion Days Sale

Tata 1mg Revenue Surges 66% To Rs 222 Crore In FY22; Net Loss Narrows To Rs 146 Crore

BY Press Trust Of India

The fresh capital will also be utilized to accelerate the new automation capabilities and to expand into the Beauty and Wellness Sector : Pune-Based SaaS Start-Up DINGG Raises Rs 3.5 Crore In New Funding Round

Ola Plans To Lay Off 200 Employees In Engineering Department: Report

BY Outlook Start-Up Desk

Info Edge’s stake in the edtech start-up will now stand at 23.01 per cent : Info Edge infuses Rs 80 crore in job preparation platform Adda247

Manufacturing Unicorn Zetwerk's Revenue Jumps Six Times To Rs 4,961 Crore: Report

BY Outlook Start-Up Desk

6.5 lakh GST registered sellers on its platform notwithstanding, can the B2B marketplace hold its own against Reliances JioMart juggernaut? : Rising competition fails to deter Amazon Business

Byju's Clears $230 Million Dues To Blackstone For Aakash Acquisition

BY Press Trust Of India

The deal is expected to close on or before November 1, according to a regulatory filing to the BSE : Mahindra To Acquire Rivigo’s B2B Express Business

OYO to manage accommodation of 12,000 participants in National Games 2022

BY Outlook Start-Up Desk

Redefining conventional workplace norms helps start-ups improve employee retention rate and avoid burn out : Start-ups hit reset button to help employees stay sane and productive

Vedantu Should Not Have Partnered For IPL This Year, Says CEO Vamsi Krishna

BY Pallavi Chakravorty

Square Off Chess is a physical chessboard which is connected to its app and enables users to play against the board or anyone from across the globe : Robotics Startup Miko Acquires Chessboard Maker Square Off: Report

PharmEasy Floats Rights Issue To Raise Rs 750 Crore

BY Outlook Start-Up Desk

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The company’s existing investors like Prosus Ventures and Temasek as well as its founders have subscribed to the issue for shares worth about Rs 200 crore : PharmEasy Floats Rights Issue To Raise Rs 750 Crore

Google to nurture 20 start-Ups by Indian women founders

BY Vinita Bhatia

With a total corpus of $500 million, the fund is expected to focus on various companies focused on sustainability, growth and impact : SphitiCap Launches $500 Million Maiden Fund

Spinny Launches ESOP Plan For Employees

BY Outlook Start-Up Desk

Greenikk has built enablement centers in the major banana producing agricultural belts in Kerala, Tamil Nadu and Karnataka to provide farmers with production and marketing-related support : Kerala-based agri-biz start-up launches end-to-end supply chain for bananas

Spotify Acquires Kinzen to Ramp Up the audio Platform’s Safety Efforts

BY Outlook Start-Up Desk

Systematically strengthening its leadership, in the past year the private equity fund appointed Praveen Sridharan as partner-investments and LN Guru Moorthy as chief financial officer and partner : Anuradha Ramachandran joins TVS Capital Funds as Managing Partner

Karnataka Asks Ola, Uber, Rapido To Stop Auto Services In 3 Days In Bengaluru

BY Outlook Start-Up Desk

The pre-series A investment round was co-led by Pentathlon VC and the Chennai Angels and the funding round saw the participation from T-Fund, Purvansh Holdings, Mumbai Angels and Hyderabad Angels and some other global investors : Mumbai Angels Raises $2 Million For Recruitment Automation Start-Up TurboHire

OYO creates two new global leadership roles for Service Experience and Revenue

BY Outlook Start-Up Desk

The home interiors and renovation start-up has deployed part of the allocated capital in acquiring a majority stake in companies like Qanvast : Livspace Earmarks $100 Million for Strategic Assets Acquisition in Home Interiors Segment

Indian Start-Up Market Is Worth Betting On: Facebook Co-Founder Eduardo Saverin

BY Outlook Start-Up Desk

Saverin said much of the growth in the country will come from enterprise tech companies : Indian Start-Up Market Is Worth Betting On: Facebook Co-Founder Eduardo Saverin

India Pitches For New Group At G-20 Level For Start-Ups: Report

BY Outlook Start-Up Desk

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Start-ups in India and elsewhere have already been hit hard by the pandemic and are now going to be impacted further by rising interest rates across the world : India Pitches For New Group At G-20 Level For Start-Ups: Report

Paytm’s Loan Disbursals Jump 224% To Rs 7,313 Crore In September

BY Outlook Start-Up Desk

BYJU'S Raises $250 Million In Fresh Funding Round From Existing Investors

BY Press Trust Of India

Proximity to local tourist clusters will be key factor for the tech-enabled hotel aggregators decision to add these properties to its portfolio

: Oyo To Add 400 More Properties In Its Leisure Offering This Year

Swiggy Launches Food Delivery Services In Port Blair

BY Outlook Start-Up Desk

As Coursera for Campus completes three years of its launch in India, its global CEO tracks the companys journey, its plans for India and how the company is trying to be a differentiator among its Indian peers : India To Soon Become Courseras Biggest Market, Says Coursera CEO Jeff Maggioncalda

Delhivery Shares Fall 19 per cent On Inflation Concerns, Subdued Festive Season Demand

BY Outlook Start-Up Desk

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