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Start-up Investors

Pure EV raises $8 mn from consortium of investors in latest funding round

Electric two-wheeler firm Pure EV on Monday said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors. The funding was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd, existing investors and high net-worth individuals, Pure EV said in a statement. The Hyderabad-based company said it is currently in the final stage of concluding its Series A1 funding round, amounting to USD 25 million with the participation of a foreign institutional investor. Concurrently, ongoing discussions are taking place with potential investors from Dubai, Hong Kong, and Singapore for Series A2 funding, targeting an infusion of USD 15 million, it added. "We will be rapidly expanding our pan-India sales network from 140 to 300 dealers in the next six months," Pure EV Co-Founder & CEO Rohit Vadera stated. The company sells a range of electric motorcycles and scooters and has already sold over 70,000 units.

Pure EV raises $8 mn from consortium of investors in latest funding round
Updated On : 19 Feb 2024 | 1:21 PM IST

Dry powder decoded: What it means to investors and the financial ecosystem

Dry powder refers to the cash reserves maintained by corporations, private equity funds, and individual investors for strategic investments or during an economic downturn

Dry powder decoded: What it means to investors and the financial ecosystem
Updated On : 15 Dec 2023 | 10:39 PM IST

US investor Baron Capital slashes Swiggy's valuation by 34% to $7.1 bn

In January last year, Swiggy raised $700 million in a funding round that was led by Invesco and saw participation from a host of investors including Baron Capital Group

US investor Baron Capital slashes Swiggy's valuation by 34% to $7.1 bn
Updated On : 16 May 2023 | 9:08 PM IST

After life in unicorn-decacorn club, start-ups stare at down rounds

This year, start-ups have collectively raised around $4.1 billion so far

After life in unicorn-decacorn club, start-ups stare at down rounds
Updated On : 10 May 2023 | 9:31 PM IST

After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows
Updated On : 17 Nov 2022 | 9:43 PM IST

From layoffs to cost-cutting, start-ups brace for long funding winter

Favourite haunts of start-up community in Bengaluru and Gurugram reflect the sombre mood

From layoffs to cost-cutting, start-ups brace for long funding winter
Updated On : 20 Oct 2022 | 9:22 PM IST

Alteria announces first close of third venture debt fund at Rs 1,000 cr

The firm now has an AUM of Rs 3,800 crore across its three debt funds, raised from domestic investors

Alteria announces first close of third venture debt fund at Rs 1,000 cr
Updated On : 17 Oct 2022 | 7:00 AM IST

Tamil Nadu to create 10,000 more startups by 2026, says Tansim CEO

Tansim is the nodal agency for start-ups in Tamil Nadu and is working on a new start-up policy to boost the new investor eco-system in the state.

Tamil Nadu to create 10,000 more startups by 2026, says Tansim CEO
Updated On : 06 Apr 2022 | 12:36 PM IST

Phool raises Rs 60 cr from Sixth Sense Ventures, Alia Bhatt, IAN Fund

The money was raised in a series A round which also saw participation from existing investors -- actor Alia Bhatt and IAN Fund

Phool raises Rs 60 cr from Sixth Sense Ventures, Alia Bhatt, IAN Fund
Updated On : 05 Apr 2022 | 8:22 PM IST

VC exits in India start-ups up 10x to $14 billion in 2021: Bain & Co

Share of VC deal value in PE-VC space above 50% for the first time: Bain & Co

VC exits in India start-ups up 10x to $14 billion in 2021: Bain & Co
Updated On : 30 Mar 2022 | 6:15 AM IST

Salesken raises $22 million in funding from Microsoft, Sequoia

Existing investor Sequoia India also participated in the Series B round

Salesken raises $22 million in funding from Microsoft, Sequoia
Updated On : 22 Nov 2021 | 8:57 PM IST

With $500 mn funding led by Silver Lake, Byju's valuation crosses $10.8 bn

Byju's is rapidly narrowing the gap to become the most valuable startup in the country after digital payments firm Paytm, which is valued at around $16 billion

With $500 mn funding led by Silver Lake, Byju's valuation crosses $10.8 bn
Updated On : 08 Sep 2020 | 11:16 PM IST

No growth at all costs

Start-ups must have a clear path to profitability

No growth at all costs
Updated On : 09 Nov 2019 | 8:53 PM IST

A bubble in quality?

Companies with safe balance sheets and clean governance have benefited disproportionately from elevated stock specific risks

A bubble in quality?
Updated On : 05 Nov 2019 | 1:21 AM IST

Angel tax effect: Equity stakes yielding ground to other funding avenues

Convertible debentures & preference shares have emerged as options of choice for new ventures because, apart from deferring valuations, they allow founders to retain a hold over their companies

Angel tax effect: Equity stakes yielding ground to other funding avenues
Updated On : 08 Jan 2019 | 12:18 PM IST

Travel aggregation to ride-hailing, welcome to India's shared economy

Starting with travel aggregation and ride hailing, it is quickly evolving across categories like furniture rentals, bike sharing, and peer-to-peer lending

Travel aggregation to ride-hailing, welcome to India's shared economy
Updated On : 14 Sep 2018 | 1:22 AM IST

Start-up investors are doing fewer deals

But they are writing bigger cheques

Start-up investors are doing fewer deals
Updated On : 04 Jan 2018 | 12:29 AM IST