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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.

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.

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.

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. 

FlexiLoans.com previously raised approximately $20 million in its seed funding and Series A investment led by Sanjay Nayar and marquee bankers

MSME fintech lending firm FlexiLoans.com raises $90 mn in latest funding

Jun 07, 2022

This investment will lead to FlexiLoans’s growth ambitions as it plans to focus on technology development and grow its MSME portfolio by more than 2x via co-lending, buy now pay later (BNPL) and supply chain finance platforms, the start-up said.

Apart from training women to drive, it also helps them own a vehicle which costs Rs 60,000-Rs 80,000 by getting them in touch with financing organisations for loans.

This all-women last-mile delivery start-up helps riders buy their own vehicles

Jun 06, 2022

Even Cargo helps it fleet of 250 women riders get loans at lower interest rates and buy two-wheelers at discounted prices.

Its founder Priti Rathi Gupta has led over 100,000 women towards building their financial acumen and financialisation of their small savings.

Indian startup LXME features in Official Platinum Jubilee Pageant Commemorative Album

Jun 06, 2022

Official Platinum Jubilee Pageant Commemorative Album covers trials and achievements of the Queen’s 70-year reign as the monarch and also features a select number of outstanding individuals and organisations from across the UK and the Commonwealth.

A bunch of growth-stage start-ups have raised investor dollars this week to see them through the downturn.

Weekly rundown: PayMate files for IPO; Cuemath, Curefoods, slice bag new rounds

Jun 04, 2022

PayMate has filed its draft red herring prospectus (DRHP) with the capital markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,500 crore via an initial public offering (IPO).

Zepto was founded by Aadit Palicha and his childhood friend Kaivalya Vohra in August 2021

Zepto delivery partner dies in road accident; company gives Rs 18 lakh to bereaved family

May 20, 2022

The delivery executive, identified as Karan Raju, was returning to the Zypp centre after completing a delivery.  

The test site was provided by Solar Industries India, an investor in Skyroot.

Telangana space start-up Skyroot inches closer to launching rockets into space

May 19, 2022

The design of the underdevelopment Vikram 1 launch vehicle has been ranked among the best in the category for pushing the small satellite launch vehicle to its limits.

D2C gold jewellery startup, Melorra raises $16 million in Series D; valuation doubles

D2C gold jewellery startup, Melorra raises $16 mn; valuation doubles

May 17, 2022

The startup said that the current funds raise saw its valuation double from a fundraising round in October 2021 when it raised $24 million.

Paytm Mall 's valuation takes a hit as China’s Alibaba, Ant Financial exit the firm

May 17, 2022

Paytm Mall according to the Hurun Unicorns list 2022 was valued at slightly below $1 billion, losing its unicorn valuation status from a reported $3 billion in 2020.