Venture capital (VC) and private equity (PE) funding for Indian startups in the artificial intelligence sector has seen a dramatic decrease with deal sizes shrinking, notwithstanding the buzz around the country's potential as a major AI hub. Data from research agency Traxcn, which tracks PE/VC investments, shows that total funding for AI startups in India, which started with a bang in 2022 at $599 million, dropped sharply in 2023 to $168.4 million - a decrease of over 71 per cent.
Quick commerce major Zepto has raised $340 million in a follow-on financing round at a valuation of $5 billion as it gears up for an initial public offering (IPO). This is Zepto's third big-ticket fundraise within a year. With this, the company has raised more than $1 billion in 12 months.
Foreign investment in India's start-ups has plummeted 72 per cent to $4.58 billion so far, from $16.2 billion during the same period last year.
The collective West has always opposed strong leaders and economic development in India, asserts Colonel Anil A Athale (retd).
If the deal goes through, Snapdeal founders will get $60 million (cumulative), of which half will be given to employees.
Joveo is not like Monster or Naukri.com!
Postman, a leading application programming interface platform, has secured $225 million in a Series D round, placing its valuation at $5.6 billion. With this, Postman has emerged as the most-valued software-as-a-service (SaaS) firm started by Indian founders, overtaking web and mobile testing firm BrowserStack, which was valued at $4 billion in June. The valuation of the San Francisco-headquartered firm with offices in Bengaluru, where it was founded, has almost trebled in just about one year and risen multi-fold since 2019. Postman, with team members spread across four continents, had secured $150 million in a Series C investment round led by Insight Partners at a $2-billion valuation last summer.
With funds from SoftBank, Delhivery plans to rapidly scale up its reach from 15,000 pin codes to 20,000 by the June quarter of 2019-20.
Sources say investors of the company have expressed their desire to speak to the management shortly and it could be about discussing Yadav's role in the company.
Education topped the table with nearly $1.755 billion as against $379 million last year, followed by real estate which received $754 million.
The past few years have seen the first cycle of mergers and acquisitions, exits, and track-records being created.
Venture Intelligence data shows that during January to July 2020, investors infused $998 million in 31 deals. The total number of deals reported in 2019 was 42 worth $404 million.
Start-ups such as Max Wholesale, Jumbotail and ShopKirana are helping them place orders, maintain inventory, optimise delivery routes and make payments, all digitally.
The pandemic has confined students across all ages to home and digital education is the only way to continue learning.
In India, where it is tougher to do business, a start-up gets established by the Series-B stage, and it gets expensive for investors.
It quickly went from being a darling of investors to a liability
On the Digital India initiative, Pichai said India was undergoing its own revolution
After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal.
Start-ups that did not have a business model and, hence, could not grow or attract new funding, are shutting shop.
Venture capitalists are leveraging their experience to build something new.
Shopclues, the latest unicorn, was at the bottom of the sector loss pie.
'Silicon Valley is the best model for driving growth and innovation. Meeting the right people who care about India is a fantastic step. India today stands out as the large potential global economy for growth.'
Cooperatives which earlier found it difficult to sell their wares have now found an online market via several e-commerce websites.
Though e-commerce opens a new world for the handicraft industry, empowering craftspersons still remains a real challenge.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
With a million-odd electric vehicles (EVs) - two-wheelers, e-rickshaws, buses and passenger cars - expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components - the high-powered lithium-ion battery and the cells which go with it, the electric motor, and the electronics powered by chips - account for nearly 60 per cent of the cost of an EV.
Investors spent much of 2016 cleaning house. And a VC tells Ranju Sarkar, "There's still some bad news left in the portfolios (of VC firms). What happens to Ola and Flipkart will drive sentiment in future."
E-commerce is awash in money, raising concerns about whether this is just another unsustainable internet trend headed for a bust.
Besides the passion, your disciple and endurance is what will take you to the end.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
Second hand goods are catching up with customers on renown shopping websites.
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