US DFC To Invest $37.5 Million In Indian Businesses To Support Economy
The US International Development Finance Corporation (DFC) recently announced to invest $37.5 million (Rs 299 crorea) to support key sectors in India. The investment is expected to fuel the growth of businesses working in sectors like financial services, agriculture, healthcare, and climate. The company announced the investment in their current FY Quarter, as a form of political risk insurance product and financial instrument for various… read-more
Tags: Indian Startups, Investment, us company, DFC, Indian Economy
Courtesy: First Post
Silicon Valley Biggies Back $45 Million Investment Vehicle For Indian Startup Founders
Utsav Somani launched a new fund, termed ‘Galaxy’ that hands over selected founders a $1Mn fund, to further invest in potential early-stage startups. In addition, the initiative worth $45 million is backed by the Silicon Valley investors Naval Ravikant and Tim Ferris. ''With Galaxy, founders can also provide capital to get early-stage companies off the ground,” stated Utsav. Notably, Galaxy was launched by fintech veterans Amrish Rau and… read-more
Tags: Indian Startups, business, Utsav Somani, Naval Ravikant, Galaxy Funds
Courtesy: The Economic Times
Here Are 5 Educational Resources For Budding Entrepreneurs
In India, many young minds are entering the startup world, therefore, good educational resources are must. Here are some great references to study and gain educational information from, especially for the new entrepreneurs; Lenny Rachitsky's newsletter for tech knowledge, TechCrunch and Business Insider pitching advice for pitching material, Savio Martin's Twitter list for curated tools, Y Combinator Safe Financing Documents for investment… read-more
Tags: Startups, Indian Educational, Website, Indian Startups, Medium
IA Wins National Startup Award 2021 For 'Best Accelerator'
Startup India announced India Accelerator to be the "best accelerator" and the only associated with global accelerator network (GAN) in India. Founded by Ashish Bhatia, the company aims to strengthen the ecosystem of startups in India and is amongst top 100 accelerators in the world. Meanwhile, the National Startup Award 2021 was officiated by Prime Minister Narendra Modi and Union Minister Piyush Goyal presented the NSA Award to IA.
Tags: National Startup award, Piyush Goyal, India Accelerator, Indian Startups, PM Narendra Modi
Indian Startup Mints $28 Mn In Seed Funding To Manufacture Electric Vehicles
Electric Vehicle Indian Startup EVage has raised a whopping sum of $28 Million in seed funding from RedBlue Capital. It aims to supply Electric Vehicles to Indian logistics companies. The company will produce automobiles in leveraging proprietary hardware and 'Modular micro-manufacturing' factories. It will use the funding to complete its 'production-ready' factory outside Delhi and boost up production. Reportedly, EV sales accounted for 1.3… read-more
Tags: Electric Vehicles, Indian Startups, EVage, funding, Automobile
Nykaa Set To Sail Through IPO; To Seek $4 Billion Valuation
Indian beauty brand Nykaa is heading towards filing for an initial public offering (IPO) that could value the brand at more than $4 billion. The leading beauty product brand, founded by Falguni Nayar will file its DRHP with the market regulator SEBI (Securities and Exchange Board of India) in the next few days. It plans to raise at least $400 million or more in revenue by selling 10% of equity.
Tags: IPOs, Indian Unicorn, Beauty Brands, Indian Startups
Courtesy: Bloomberg Quint
Indian Startups Shun Chinese Investors To Become 'Self-Reliant'
The Indian tech start-ups are avoiding Chinese investors as Indian investors along with other foreign firms lend a helping hand to fund the homegrown firms. Reportedly, in Q1 of 2021 investors have funded around $11 billion into the Indian tech start-ups, in more than 600 deals. In terms of investing top dollars, the US-based investment firm Tiger Global is leading the show. Currently, India has more than 52 unicorns.
Tags: Indian Startups, funding, Chinese, investors
Courtesy: Business Standard
Govt Names Byju Raveendran, Bhavish Aggarwal For Startup Council
Centre has appointed edu-tech platform Byju’s founder Byju Raveendran, Snapdeal co-founder Kunal Bahl and Ola’s Bhavish Agarwal and others as non-official members of National Startup Advisory Council. The NSAC will recommend steps to encourage innovation in various sectors among citizens across the country. Besides, it will assist in quick start, operation and exit for the startups. The NSAC's non-official panel will have stakeholders,… read-more
Tags: business, Startups, Indian Startups, Byju Raveendran, Ola
Courtesy: The News Minute
Mumbai-based Startup InVideo Secures Rs 110 Crore Investment
Online video-making startup, InVideo, has secured an investment of about Rs 110 crore from Sequoia Capital India and three other investors. With this investment, the Mumbai-based startup, which was launched in 2019, aims to expand its business to provide better technology solution for smooth creation and editing of videos. Sequoia's vice-president Prateek Sharma said, "InVideo is well-placed to become the platform of choice for video creation… read-more
Tags: Indian Startups, Investment, Mumbai, InVideo
Courtesy: BW Business World