Latest Articles in Startups

2021 is the Year of Mergers and Acquisitions (M&A) in Indian Startup Ecosystem

The post-pandemic world saw a sudden rise of ed-tech companies, a record amount of fund inflow, the creation of new unicorns, companies going public, and a new benchmark in terms of mergers & acquisitions (M&A). 2021 saw a substantial increase in M&A from 86 such deals in 2020, we already stand at 119 this year.

Logistics platform Delhivery Raises $277 mn in Funding; Valuation Stands at $3 Billion

Led by US-headquartered Fidelity. This takes the total valuation of the company to $3 billion. Singapore's sovereign wealth fund GIC, Abu Dhabi's Chimera, and UK's Baillie Gifford also participated in the company’s latest round of funding, ahead of their IPO (Initial Public Offering) this year.

Zerodha’s Founding Family Will Draw an Annual Salary of 100 cr Each in 2021

The company’s board has passed a special resolution, according to which the trio (Nithin, Nikhil, Seema) will draw a basic salary of 4.17 crore per month, coupled with allowances the annual figure for is expected to cross 300 cr EACH!

Swiss Healthcare System is Setting a Precedence For The World To Follow

From prevention to advanced medical care: Switzerland Tourism has launched a health tourism campaign with the aim of positioning Switzerland in health tourism amongst the top five premium destinations worldwide. The focus of communications was on medical expertise and the quality of the infrastructure – in combination with its location in a pristine natural setting and a relaxing environment.

Twitter's Desi Rival Koo App Raises $30 mn In a Fresh Round Of Funding

IFL and Mirae Assets are other new investors who have come on board for the latest round of funding along with existing investors Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator. Koo Co-Founder Aparmeya RadhaKrishna said that the funds will be utilized to aggressively grow Koo into one of the largest social media platforms in the world.

Elon Musk Is Making Flying Cars

His upcoming model of Tesla, the Roadster will have the ability to fly but very briefly due to the use of Space X tech technology that Musk is bringing to Tesla. The Tesla Roadster will have a mind-boggling acceleration of 95.6 KM/s in 1.1 sec.

Razorpay enters Unicorn club with $3 bn valuation

The company said it plans to infuse the freshly raised capital to scale up its Business Banking suite, invest in new acquisitions, and launch in international markets such as South-East Asian countries. The fintech unicorn is already hiring more than 600 employees to fuel its growth plans.

Indian startups have raised $3.76 bn in 2021 Q1

The fintech segment in India has closed 47 deals so far amounting to a total of 608.1 million $. Followed by Ed-tech with 28 deals amounting to $560.5 mn. Gaming has been one of the favorites of investors this season with $544 mn of funding in the sector. Top 3Indian VCs (Venture Capital Funds) who have led major rounding of these fundings have been Inflection Point Ventures, Titan capital, Venture Catalysts with 10, 9, 7 deals respectively.

ExtraaEdge raised Pre Series A Funding of $1 Million from Pentathlon Ventures & Angel Investors

ExtraaEdge, a Pune-based martech startup focused on the education sector has raised $1 million in a pre Series-A round from Pentathlon Ventures.