Page 2 - Unicorn Companies

GenAI startup Vodex raises $2 mn in seed funding round for biz expansion

Vodex helps businesses connect with customers via human-like phone conversations, driving sales and improving customer engagement

'Tripling down on our India strategy,' says Jungle Ventures' Amit Anand

This includes partnering with founders to build high-growth, capital-efficient technology businesses, and supporting their growth from seed to unicorn, and IPO stage

Krutrim AI models improving almost every week, says company executive

The startup aims to address the inherent hallucination issue in AI models by leveraging user feedback from its beta program

India has world's third largest startup ecosystem: PM at Startup Mahakumbh

India has emerged as the world's third largest startup ecosystem with over 1.25 lakh startups and 110 unicorns, and is charting a roadmap for becoming a developed nation with right decisions taken at the right time, Prime Minister Narendra Modi said on Wednesday. Speaking at the Startup Mahakumbh event, Modi said India's startup ecosystem is not limited to metro cities, it has now become a social culture. Modi vowed that he will make India the world's third largest economy in his third term, and asserted that startups will play a big role in India's progress. The Startup India initiative gave platform to innovative ideas, and connected entrepreneurs and ventures to funding, he said. India's youth has chosen the path of being job creator rather than job seeker, Modi said, highlighting the changing mindset of people. He said women are leading more than 45 per cent of Indian startups. India has democratised technology, and therefore the 'haves and have-nots' theory can not work here.

Perfios secures $80 million funding, set to become 2nd unicorn of 2024

Perfios helps financial institutions with processes such as origination, onboarding, decisioning, underwriting, and monitoring

Edtech major upGrad appoints Venkatesh Tarakkad as chief financial officer

Tarakkad will be responsible for overseeing upGrad's domestic and global financial strategies

Startups backbone of new India, it's our time under the sun: Piyush Goyal

Goyal said that the event will be a platform to showcase India's success stories built over the last decade. It would also showcase to the world that "India has today emerged as a global leader"

Byju Raveendran says company's $200 million rights issue fully subscribed

Raveendran said that Byju's will appoint a third-party agency to monitor the usage of funds raised in the rights issue

WhalesPod: The Upcoming Unicorn Startup?

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upGrad commits Rs 100 crore for 100 'connect and counselling' hubs

Initial reactions have been strong, with over 500 career counselling sessions in the first 30 days. The goal is for the 100 centres to counsel over half a million individuals on their career moves

Games24x7's Bhavin Pandya hopes 2024 will be a promising year for industry

Bhavin Pandya hopes this year will offer clarity around regulations on which games are allowed and which aren't

Unicorns meet Piyush Goyal, plan to set up 'Startups Club of India'

These startups are not only developing innovative solutions and technologies but are also generating large-scale employment and contributing to the growth of the nation

Will have 1 mn startups in the next 10 years: MoS IT Rajeev Chandrasekhar

Chandrasekhar along with other senior ministers from the government were marking and celebrating National Startup Day

Gaming unicorn Dream11 onboarded 55 million users in 2023 amid tax battle

The company now boasts a total user base of 21 crore gamers, after breaching the 20 crore threshold in October last year

PhysicsWallah FY23 revenue up 3.4x, profitable for third consecutive year

PW's revenue from operations rose to Rs 771.76 crore during the fiscal year ended March 2023, compared to Rs 232.47 crore in the previous fiscal year and Rs 24.6 crore in FY21

InCred becomes 2nd unicorn of 2023 after raising $60 mn in funding round

Fintech firm InCred has turned unicorn after raising USD 60 million in a funding round from new and existing investors. Following the fresh capital infusion, InCred has been valued at USD 1.04 billion and has become the second company to gain unicorn status this year, the company said in a statement. The Series D round was led by Ranjan Pai of MEMG, who invested USD 9 million followed by Ravi Pillai, Chairman at RP Group of Companies, and Ram Nayak, Global Co-Head of the Investment Bank and Head of Fixed Income & Currencies at Deutsche Bank, who invested USD 5.4 million and USD 1.2 million, respectively. The fundraise also saw participation from several large ultra-high-net worth individuals and Family Offices, as well as institutional investors like Varanium Capital Advisors and Sattva Group, it said. "This funding marks a significant milestone in our journey and takes us into the ranks of Unicorns. We are deeply grateful for the overwhelming support our investors have ...

ShareChat's valuation cut to $1.5 bn, lays off 200 employees: Reports

Company sacked 20% of its workforce in January, impacting around 500 employees

Indian startups' funding winter persists, 72% decline in 2023: Report

The report highlighted that the funding declined across all stages, with late-stage funding dropping over 73%. Strong IPO momentum, and investors' interest in space tech were a silver lining

InCred secures commitment to raise Rs 500 crore, to join unicorn club

Latest funding round values company at $1.05 bn

Mamaearth parent eyes pre-Diwali listing, plans Rs 1,700 cr IPO: Report

As per the DRHP filed by Honasa Consumer, the proposed IPO consists of fresh issue of shares worth Rs 400 crore, and an Offer for Sale (OFS) of up to 46.80 million equity shares.