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    1. Business News
    2. Authors
    3. salman sh

    Salman SH

    “Though investors are a little wary due to the current environment it hasn’t dampened the investment spirit of the community. They have become more decisive about the startups they want to nurture and are focusing extensively from a long-term gain perspective,” said Abhishek Goyal, Co-Founder, Tracxn. 
    Startup funding volumes down 33% in Q2 2022 as ‘winter’ strikes

    Indian startups raised $6.9 billion in Q2 2022 (April-June) across 409 funding rounds, a decline of 33%, compared with $10.3…

    By Salman SH
    July 8, 2022 00:45 IST
    Some of these international firms often invested in Indian companies out of global, Asia, or nongeographic specific funds. Now we are seeing firms building out specialized teams — often on the ground — to invest across the Indian innovation landscape, the report added.
    India-focused VC & PE funds raise record $14.1 bn in H1CY22

    Some of these international firms often invested in Indian companies out of global, Asia, or non-geographic specific funds. Now, we…

    By Salman SH
    July 7, 2022 05:10 IST
    Investors now largely demand at least 24 months of runway.
    Edtech start-ups veer off course

    Consolidation moves may see small firms shutting shop or merge at discounted valuation

    By Tushar Goenka
    July 4, 2022 08:14 IST
    Owndays’ Co-founders, CEO Shuji Tanaka, and COO Take Umiyama, will continue to be shareholders and lead the management team of Owndays Inc., which will continue to operate as a separate brand.
    Lenskart To Merge With Japanese Eyewear Brand Owndays

    The merger will take Lenskart group’s reach to 13 markets in Asia including India, Singapore, Thailand, Taiwan, Philippines, Indonesia, Malaysia,…

    By Salman SH
    Updated: July 1, 2022 09:08 IST
    The study also added that India’s future Unicorns are currently worth $49 billion, with an increase of 36% as compared to last year, while Bengaluru continues to be the unicorn start-up capital of India which is home to 46 probable Unicorns followed by Delhi NCR (25) and Mumbai (16).
    Over 122 potential unicorns, but very few to be profitable

    The oldest founder in the index is K Satyanarayana, aged 61, of Ecom Express. The average age of Indian start-up…

    By Salman SH
    June 30, 2022 05:00 IST
    With Blinkit in its fold, Zomato has tough task ahead in e-grocery space

    Blinkit’s pivot towards a larger inventory model did not start until a funding crunch hit the grocery segment.

    By Salman SH
    June 29, 2022 01:15 IST
    1K kirana business model
    1K Kirana Bazaar disrupting B2B grocery supply through franchise model

    The kirana-tech startup works on a revenue-share model, and not on a commission model that franchisers usually operate on.

    By Salman SH
    June 27, 2022 02:15 IST
    In a survey conducted by RedSeer in April 2022, the consultancy firm found that traditional banking customers experience issues such as app crashes, down time,  long wait times, tedious paper work ,and lack of transparency. These inconsistencies are in fact why users are shifting to nebanks. 
    New-age firms: No shortage of funding for neobanks

    With an addressable market opportunity of more than 120 million potential users, analysts and consultants such as RedSeer expect neobanks…

    By Salman SH
    June 24, 2022 05:00 IST
    LeadSquared had previously raised USD $32mn led by Gaja Capital in 2020, and USD $3mn during its Series A led by Stakeboat Capital in 2019.
    Sales Automation SaaS platform LeadSquared joins the unicorn club with $153mn from WestBridge Capital

    LeadSquared has more than 2,000 customers, including high-growth organizations from edtech, higher education, financial services, healthcare, marketplaces, and more. 

    By Salman SH
    June 21, 2022 18:52 IST
    On Tuesday, Dailyhunt launched in the Middle East region with over 5000 content partners catering to the UAE market.
    VerSe Innovation goes global, expands operations to the Middle East

    In his previous stints, Shekhar has worked with Abu Dhabi Media (Radio Mirchi), Percept Gulf (MAME), Zee Entertainment, Indian Express,…

    By Salman SH
    June 21, 2022 06:30 IST
    The new service will allow D2C brands to improve consumer experience and brand loyalty. Apart from this Delhivery claims that faster shipping would reduce the return rates, improving the brands’ margins. 
    Delhivery doubles down on D2C sector with same-day delivery service

    “We consistently innovate with technology-led solutions. This solution will enable D2C brands to leverage our technology and supply chain capabilities…

    By Salman SH
    June 18, 2022 01:30 IST
    Investors stay bullish despite slowdown in pace of deals

    Average VC cheque sizes have also declined, and consumer tech activity is the hardest hit. Private equity, however, has maintained…

    By Salman SH
    June 17, 2022 09:13 IST
    ShareChat (Mohalla Tech) runs short video platforms — Moj and TakaTak — besides the ShareChat app, which together cater to over 400 million users.
    ShareChat reaches $5-bn valuation with latest raise

    The company closed a multi-tranche funding round worth $520 million on Thursday

    By Salman SH
    June 17, 2022 08:17 IST
    The exit activity is expected to weaken further in 2022 even as the pace of deals has been slowing down. However, large PE and VC funds continue to keep pace with their funding activity over the last year, indicating confidence in the fundamentals of the Indian market, the report said. 
    PE & VC exits declined by 56% in 2022 due to market uncertainty

    “The Indian market has been attracting more investors over years, creating a  balancing loop of return potential, and differentiated fund…

    By Salman SH
    June 17, 2022 05:30 IST
    Bike taxi, scooter-sharing start-ups score big as Ola & Uber struggle to meet demand

    Gurugram-based Zypp Electric, which also offers e-scooter-based rentals and bike-sharing, told FE the platform has witnessed a significant spike in ridership starting…

    By Salman SH
    June 13, 2022 23:18 IST
    Meesho usually records around a million orders on a daily basis.
    ‘Around 50% of all business on Meesho last year came from new Internet users’

    Founded in 2015 by Sanjeev Barnwal, and Vidit Aatrey, the start-up initially started off on a social commerce model that…

    By Salman SH
    June 10, 2022 02:00 IST
    Edtech went into a consolidation mode in the last year with Byju’s and Unacademy going into an acquisition spree.
    As funding winter hits edtechs, offline learning take centre stage

    Around three edtech companies including Byju’s, Unacademy, and Vedantu had managed to raise large rounds in funding when demand for…

    By Salman SH
    Updated: June 9, 2022 21:52 IST
    The funds raised from the current round will be used towards the expansion of existing brands into newer geographies and the acquisition of newer brands, the company said. 
    CureFoods raises $50 million in series C funding round

    Founded in 2020 by Ankit Nagori, CureFoods owns and operates delivery-only food brands such as Curefit, Aligarh House, Yumlane, Great…

    By Salman SH
    June 3, 2022 00:00 IST
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