Page 2 - Startups In India

KL Rahul invests in lifestyle brand 'Metaman' for new premium perfume range

The capital raised by the firm will be used for the launch and marketing of the fragrance range, set to hit the market on August 30

Cheap AI bots rapidly expand across India, transforming tech landscape

Startups may turn India into a proving ground for what could be the next frontier of generative AI products

Candytoy plans to raise 90 cr by diluting 10% stake at Rs 900-cr valuation

Candytoy Corporate, the manufacturer of candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others, is aiming for around Rs 450 crore turnover by the next fiscal year, founder Director Gaurav Mirchandani has said. Moreover, to fund its growth plans, the Indore-based company has plans to raise 90 crore by divesting 10 per cent equity at a valuation of Rs 900 crore, he added. Besides, the bootstrap startup firm also plans to get listed on the stock exchange in the next three years, Mirchandani said. "We are diluting 10 per cent stake in the company through a VC. We are bringing Rs 90 crore which will be primarily invested this year to make sure that we are touching around Rs 400 crore to Rs 450 crore turnover by the next financial year," Mirchandani told PTI. Candytoy Corporate Pvt Ltd (CTC) had a turnover of around Rs 250 crore in FY 2023-24. "Now with 30 per cent y-o-y growth in orders for the last two years, we see t

Fintech firm Axio raises $20 million from Amazon Smbhav Venture Fund

Consumer finance company will use investment to scale up loan book and 'expand credit offerings'

Bluestone raises Rs 900 cr in pre-IPO round, valuation doubles to $970 mn

Rs 900 crore raised by Bluestone includes Rs 600 crore in primary capital infusion, while the remaining Rs 300 crore came from secondary share sales

Ather's $450 mn IPO: The next big spark in India's electric revolution

The move to go for an IPO is well timed as it comes on the heels of a successful debut in the stock market by its start up rival Ola Electric just few days ago when it raised Rs 5500 crore

E-commerce industry plans to hire in big numbers this festival season

Last year in October, Amazon India said it created more than 1,00,000 seasonal job opportunities across its operations network for the Indian festive season

Rediffusion launches Konjo, specialist agency for Indian startups

The agency will help startups at various stages of brand development

Union Budget 2024: R&D, spacetech fund gives deeptech startups a boost

The govt is working on National Deep Tech Start-up Policy as part of its efforts to spur innovation in India's deeptech sector. The policy attempts to address the vital barriers facing the industry

77% Indian startups investing in AI, advanced technology: SAP report

85% of start-ups believe unit economics is a clear path to profitability and enhancing valuation

Snapdeal founders Kunal Bahl, Rohit Bansal exit Urban Co with 200X returns

Titan Capital's Rohit Bansal and Kunal Bahl secured the returns on their decade-old seed cheque to the firm, having invested Rs 57 lakh in 2015

Pune-based ElasticRun eyes operational profitability by end of October

The business-to-business ecommerce player has, for instance, focused on working with regional brands as they give better margins and also allow them to partner with these brands in marketing

Gig workers Bill may hurt ease of doing biz: Startups to Karnataka govt

The startup and tech company group said that very wide powers of inspection have been granted to the state government, which are excessively broad and vague

Tech for better sleep: Wakefit launches AI-powered sleep solutions

The sleep technology firm has come up with the country's first-ever line of AI-powered sleep solutions; plans to scale up stores across major cities in 8-10 months as part of an omnichannel strategy

Startups taking longer to hit Series A stage, fintech sees dip in avg time

An analysis of 10 sectors that received the most funding in 2023 shows that nine of them experienced an increase in the time taken to reach Series A compared to 2019

Zepto's sales could surpass DMart in next 18-24 months: CEO Aadit Palicha

Palicha says Zepto's topline could scale to over Rs 2.4 trillion over the next 5-10 years

Lack of skilled researchers, not funding, a bigger problem for AI startups

Anandan also said India had the largest number of STEM graduates. "We just need to make sure we invest in them over a period of time"

Indian fashion brands are becoming hot bets for venture capital firms

The fashion and lifestyle space is India's second largest consumer category, valued at $110 billion with approximately 10 per cent online at $11 billion

Bharat Innovation Fund co-founder foresees global reach of Indian deep tech

India's deep tech sector has surged to over 4,500 firms, with strong government support and policy initiatives. But access to capital remains a challenge for startups in this sector

IPO-bound startups find favour among investors amid funding resurgence

Record surge in stock markets and consistently improving performances of listed startups are understood to have turned the sentiment for the better