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Unicorns

Unicorns

The report also identified 10 founders who founded two or more unicorns.

55% of American unicorns founded by immigrants; Indians top the chart

Jul 27, 2022

As the country of origin for immigrant founders in the US, Indians top the charts with 66 companies.

Winni enters quick commerce space with 30-min cake delivery in 22 cities (Photo: PTI)

Winni enters quick commerce space with 30-min cake delivery in 22 cities

Jul 07, 2022

Winni co-founder and CEO Sujeet Kumar Mishra said that the company is looking to make the service available across 700 cities by the end of the current financial year.

Sports tech startup Hudle secures $1 million funding

Sports tech startup Hudle secures $1 million funding

Jul 06, 2022

The capital raised would be used to fuel growth in existing and new geographies, strengthen the business and tech team, marketing, and new additions to the product suite, as announced by the firm.

Analytics platforms Lightbulb.ai raises $1.5 million

Analytics platforms Lightbulb.ai raises $1.5 million

Jul 06, 2022

In the statement, Lightbulb.ai said it has raised a pre-seed funding round of USD 1.5 million, with reputed investors Chiratae Ventures and 9Unicorns leading the round.

500 employees laid off across group: Byju's

500 employees laid off across group: Byju's

Jun 30, 2022

The layoff at Toppr comes alongside Byju's group firm Whitehat Jr retrenching 300 employees in addition to the resignation of 250 employees from the company in April-May.

Despite funding winter, Hurun finds 122 Indian future unicorns from 25 cities; details here (representational image)

Despite funding winter, Hurun finds 122 Indian future unicorns from 25 cities; details here

Jun 29, 2022

The ASK Private Wealth Hurun India Future Unicorn Index 2022 highlights India’s rapidly expanding start-up ecosystem

T-Hub unveils world’s largest innovation campus for start-ups in Hyderabad (Photo: T-Hub)

T-Hub unveils world’s largest innovation campus for start-ups in Hyderabad

Jun 28, 2022

The organisation aims to support over 20,000 startups in the country from the newly constructed innovation campus.

Overseas education start-up Leap raises $75 million from Owl Ventures, others (Source: Leap)

Overseas education start-up Leap raises $75 million from Owl Ventures, others

Jun 22, 2022

Led by Owl Ventures, the funding round saw participation from Steadview Capital, Paramark Ventures as well as established backers like Jungle Ventures and Sequoia Capital India.

Debt marketplace start-up CredAvenue rebrands itself to Yubi (Source: Yubi)

Debt marketplace start-up CredAvenue rebrands itself to Yubi

Jun 22, 2022

The company announced that through a makeover of its website, social media accounts, and current product lines, the new brand will be reflected in every client touchpoint.

Co-founder and MD at WestBridge Capital Sumir Chadha noted LeadSquared has shown ability to scale and grow efficiently

SaaS platform LeadSquared becomes unicorn with $153 mn fundraise led by WestBridge Capital 

Jun 22, 2022

LeadSquared’s vision is to make high-velocity sales execution software a reality for companies around the world, as per the company.

Startups can generate 100 million jobs, says Sequoia MD Rajan Anandan

Startups can generate 100 million jobs, says Sequoia MD Rajan Anandan

Jun 21, 2022

The Indian ecosystem is now entering a new phase. To build world class companies, you have to have world class corporate governance, Anandan said.

Alariss Global launches in India; to work with leading VCs to support Indian start-ups' expansion plans

Alariss Global launches in India; to work with leading VCs to support Indian start-ups' expansion plans

Jun 21, 2022

The company is opening its first overseas office in India and has already identified thousands of high-potential companies.

Figurines are seen in front of displayed Sequoia logo in this illustration taken, June 13, 2022. Illustration picture taken June 13, 2022. REUTERS/Dado Ruvic/Illustration

Sequoia India grapples with fallout from governance snafus

Jun 17, 2022

The first major sign of governance problems this year at Sequoia-funded startups emerged in January, when digital payments provider BharatPe launched a probe that eventually led to the sacking of several employees and findings of vendor malpractice. 

The company has 2,600 employees and 2,800 open job positions across cities such as Bengaluru, Pune, Mumbai and Delhi.

PhonePe prepping for IPO; aims for $8-10 bn valuation: Report

Jun 15, 2022

According to the sources, the company will soon engage with bankers and legal consultants to take forward the IPO (Initial Public Offering) process.

Shiprocket to pay $200mn for majority stake in Pickrr

Shiprocket to pick majority stake in Pickrr for $200 mn: Statement

Jun 15, 2022

Shiprocket and Pickrr cater to India's burgeoning D2C (direct-to-customer) sector, where enterprises book order online and deliver it directly to customers.

Groyyo was founded by Subin Mitra, Pratik Tiwari and Ridham Upadhyay in July 2021

B2B manufacturing startup Groyyo raises $40 mn in round led by Tiger Global 

Jun 15, 2022

The funding round was led by Tiger Global and participating investors included Alpha Wave, Sparrow Capital and Stride Ventures, according to a statement.

Verma said the state is also mulling to launch a seed fund for startups, but did not share details of the same.

Maharastra to launch Rs 200-cr start-up fund; women entrepreneurs special focus

Jun 10, 2022

The state already has a slew of vehicles to make equity investments in startups, which have been launched in association with finance players having domain expertise.

 CRED Founder and CEO Kunal Shah

CRED’s valuation jumps to $6.4 bn with new funding round led by Singapore's GIC

Jun 09, 2022

The Series F round values the start-up at $6.4 billion, a significant uptick from the $4.01 billion it garnered in October 2021 when it secured $251 million, co-led by Tiger Global and Falcon Edge.

The company claims to offer yields in the range of 8 – 20 per cent and tenors between 30 days to 3 years.

Alternative investment platform Jiraaf bags $7.5 mn in Series A from Accel, others

Jun 08, 2022

The fresh funds will go towards strengthening team for sourcing opportunities, credit assessment and customer service, Vineet Agrawal, co-founder of Jiraaf, said in a statement. 

Founder and CEO of PhysicsWallah Alakh Pandey

Edtech platform PhysicsWallah becomes unicorn with $100 mn fundraise; valuation reaches $1.1 bn 

Jun 07, 2022

As per the company, these funds will be allocated towards business expansion, opening more learning centres and introducing more offerings.

The fund, with a target corpus of Rs 500 crore, aims to make a final close by March-April 2023, Ashvin Chadha, Founding Partner, Anicut Capital said.

Anicut Capital marks first close of Rs 500 cr Opportunities Fund 

Jun 07, 2022

The new fund will invest between $2-5 million in Series A and B start-ups over the course of next two and a half years, and aims to build a portfolio of 10-12 companies.