Piyush Gupta, the former Managing Director of Peak XV (formerly Sequoia Capital), has launched a new investment firm called Kenro Capital. This exciting venture focuses on a niche but crucial part of the investment world—secondary transactions in late-stage startups. The firm aims to provide liquidity solutions to early investors, founders, and employees looking for exits, especially in…
ShopDeck Raises $8 Million to Help D2C Brands Thrive
Bengaluru-based e-commerce enabler ShopDeck has successfully raised $8 million in Series B funding, aiming to revolutionize how direct-to-consumer (D2C) brands operate.
The Funding Round: Big Backers, Bigger Plans
In a move that strengthens its position in the e-commerce space, ShopDeck has secured $8 million in a Series B funding round. This…
Zopper, the insurance infrastructure platform, secures $25 million in funding to expand its services and strengthen digital offerings. In a strategic move to enhance its technology and expand its presence in the insurance space, Zopper, a Noida-based insurtech firm, has raised $25 million in a Series D funding round. The investment was led by Elevation Capital, Dharana Capital, and Blume Ventures.
In an exciting move for the Indian startup ecosystem, former World Bank executive has launched a new investment fund, Ortella Global Capital, with a focus on helping early and growth-stage companies in India. The fund, which has an initial capital of $35.5 million, aims to support over 20 promising startups across various sectors, fueling innovation and expansion.
Ortella Global Capital: A New…
Hala Mobility, an electric vehicle (EV)-as-a-service startup based in Hyderabad, has successfully raised Rs 51 crore in its pre-Series A funding round. The funding round, which includes a mix of debt and equity, was led by the startup’s founders—Srikanth Reddy, Snehith Reddy, and Anand Pareek—as well as Phani Ramineni, the founder of Previa Health. Other investors included the Rohan Bajaj…
India has officially made its mark as one of the top three startup destinations worldwide, according to a recent report from IIT Mandi. This significant milestone highlights the growing entrepreneurial spirit among Indian youth, with major cities like Bengaluru, Delhi, and Mumbai emerging as global hubs for innovation and startup activity.
A Thriving Startup Ecosystem
The IIT Mandi report is based…
In a surprising twist in the venture capital landscape, Peak XV Partners has decided to trim its ambitious $2.85 billion fund by $465 million, a move that highlights their commitment to investing more thoughtfully. This decision comes as the public market in India is buzzing, impacting private market valuations and prompting the firm to return uninvested capital to its limited partners (LPs).
As…
LinkedIn has unveiled its 2024 Top Startups India List, highlighting emerging companies where professionals aspire to work. This annual ranking offers valuable insights for job seekers across various industries, based on data from over 1 billion LinkedIn members. The list considers key factors such as employee growth, jobseeker interest, and member engagement.
Nirajita Banerjee, LinkedIn India’s…
Mayank Bidawatka, the co-founder of the vernacular microblogging platform Koo, is gearing up to launch his new startup, Billion Hearts Software Technologies. The company recently finalized a pre-seed funding round, securing approximately $250,000 from notable investors, including founders of redBus, Ola, InMobi, and Myntra.
Billion Hearts is poised to raise nearly $500,000 to kickstart its…
Ride-sharing platform Rapido has announced it has successfully raised approximately $200 million in its Series E funding round, spearheaded by WestBridge Capital. The round also included contributions from existing investor Nexus as well as new participants Think Investments and Invus Opportunities. This latest investment has propelled Rapido’s post-money valuation to $1.1 billion.
The new…
