RBI steps in to ease funding for startups; brings them under priority sector lending

Other areas already included under PSL are agriculture, MSME, export credit, education, housing, social infrastructure, renewable energy, and others. The PSL guidelines were last reviewed by RBI in April 2015.

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Sequoia, Accel lead startup investors’ funding tally in H1 2020 even as investment declines 29%

Funding in the first half of 2020 was led by $500 million raised by Byju’s from Tiger Global and General Atlantic (in two separate deals) and $300 million secured by FirstCry from SoftBank. Zomato, Swiggy, Unacademy and Bou

Startup funding may take more time than expected to fully revive as Covid-19 hurts investment activity

The global Coronavirus pandemic has left startups bruised and battered. Liquidity has been dried up for investors to deploy surplus capital into new ideas.

start up, start up industry

Covid-19: VC funds see growth-stage startup funding to be worst-hit; tell entrepreneurs ‘cash is king’

Among the areas likely to be impacted the most would be travel, hospitality, coworking/coliving, ride-sharing, in-venue entertainment etc. involving discretionary spending.

Coronavirus cripples funding in young startups as investors redirect focus on conserving cash

The Coronavirus may have a similar impact on startup funding that previous virus outbreaks like SARS and Zika had in the impacted regions.

Coronavirus effect? Startups see tough 2020 to raise funding; look beyond Chinese, Japanese funds

Early and mid-stage companies will find it challenging because they seek new investors outside India coming on the cap table in cases where local investors invest up to $15-20 million.

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Swiggy returns to fundraising; secures Series I round funding from Naspers, others

The promoter’s -- Sriharsha Majety, Nandan Reddy, and Rahul Jamini -- shareholding on a fully diluted basis was 10.18 per cent after the new round.

RBI’s One-time Restructuring scheme a big move; already given relief to 5 lakh MSMEs’ liquidity problem

Credit and Finance for MSMEs: The new RBI circular provides for a scheme which allows for a one-time restructuring of existing loans to MSMEs classified.

Snapchat raises $1.81 billion in new funding round

Messaging app Snapchat has raised $1.81 billion in funding, the company reported in a US regulatory filing on Thursday


Doctor Insta receives $500k in pre-series A funding

It is also planning to seek additional funding of $1-2 million for further growth Doctor Insta, a video-medicine company, has received pre-series A funding of $500k from an entrepreneur-angel investor Rishi Parti and BrahmaX

Zoctr Health raises $ 1mn from private investors

Aspires to be the ‘Flipkart of healthcare’ Zoctr Health Network, a Mumbai headquartered disruptive healthcare startup that integrates home health, tele health, remote health and health support services on the back

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