Generative artificial intelligence (AI), climate tech and fintech sectors will be the hot areas for venture capitalists and founders in the next year, according to the prediction by Prashanth Prakash, founding partner of the global venture capital firm Accel Partners in India and the chairperson of Karnataka Startup Vision Group. Prakash said that about $25 billion has been invested into building Gen AI globally. But a lot of that capital has not yet come to India, opening up huge opportunities for startups in the country.
Amphibious drones for maritime inspection... devices that extract pure oxygen from water for patients in need... self-balancing electric bikes...
Tiger Global-backed Koo, an Indian alternative to Twitter, has laid off 30 per cent of its workforce of 260 employees in the last year as the budding firm, like many other start-ups in the country, battles global headwinds. "It's important for businesses of all sizes to adopt efficient and conservative approaches to see this period through. "In line with this, we have acted on some role redundancies by letting go of 30 per cent of our workforce over the course of the year," said a Koo spokesperson.
Companies don't have to be in the field to nudge people to return money they owe lenders.
The funding marks the first investment in the Indian food delivery category by SoftBank Vision Fund 2, with participation from the company's long-term investor, Prosus, and other existing investors Accel Partners and Wellington Management, Swiggy said in a statement. In addition, new investors Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac participated in the round, it stated. This latest fundraise was heavily oversubscribed following strong interest from investors, and comes on the back of Swiggy's rapid recovery from the impacts of COVID-19 and subsequent growth in 2020-21, Swiggy said.
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
For a cash strapped start-up, getting free publicity through the right competition could be hugely helpful, says Anand Daniel, a venture investor with Accel Partners.
The company is in talks with investors and the deal could be closed in a few weeks. At present, it operates in 37 cities in India.
The Bangalore-based company had raised $200 million in July from existing investors.
The Chinese investor in the parent firm of Koo, India's answer to Twitter, is on its way out after other investors have pledged to buy out its 9 per cent stake, Koo's co-founder and CEO Aprameya Radhakrishna said.
Proceeds will be utilised to expand company's hyperlocal shopping services to over 50 cities
With this round of funding, Flipkart's valuation has reached USD 11.6 billion, and US IT major Microsoft joins the marketplace as a strategic investor.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
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Ola competes with Uber Technologies in India.
In just three years the online real estate portal has managed to raise about Rs 270 crore.
Enforcement Directorate sources tell Vicky Nanjappa/Rediff.com that the probe into FDI received by Flipkart continues and a show cause notice will be issued to the online retailer.
Freshdesk also launched an IT service management product Freshservice to offer cloud-based service desk solution for smaller companies for their internal IT support.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
The company did not disclose its new holding pattern.
Ratan Tata has made investments in his personal capacity in more than 15 start-ups over the last 20 months.
The company did not disclose the valuations at which funds were raised.
Ola Cabs acquires TaxiForSure in $200-mn deal.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
Swiggy, a Bengaluru-based food ordering and delivery start-up, says it aims to revolutionise this segment.
With the launch of Woohoo, QwikCilver now targets two markets in India - the gifting market, worth $7 billion and gift cards as a category.
Market regulator Sebi to support stert-ups raise funds.
At that time, co-founders Sachin Bansal and Binny Bansal had made a public announcement at a Bengaluru hotel, about a $1-billion fund raising, largest so far in the Indian e-commerce sector. A day later, Amazon issued a statement that it was investing $2 billion in India.
Mitra Biotech's personalised cancer therapy could be a game changer in the field of cancer medicine.
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015
MySmartPrice has been growing about 100 per cent a year and is profitable.
Yuri Milner is focussing on on consumer-driven Internet start-ups.
Investors seem to be very keen on investing in startups.
Who invested how much into Flipkart in its latest round of $1 billion funding? Vicky Nanjappa/Rediff.com finds out.
Blablacars enables private cars to seek fellow passengers for inter-city commute.
Rupert Murdoch-led News Corp has acquired 25 per cent stake in real estate portal PropTiger.com for $30 million.
Beside the defence forces in India, the start-up has shipped around 350,000 units to 12 countries -- the United Kingdom, France, Poland, Bangladesh, Saudi Arabia, the UAE, Kenya, South Africa, Romania, Indonesia, Qatar and Oman.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
India's tech start-ups are following Silicon Valley's lead and embracing the "fail fast" culture.
Leading the Indian-Americans on the list is 49-year old Aneel Bhusri.
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