In a major move to expand its investment capabilities, Inflexor Ventures, an early-stage venture capital (VC) firm, has announced the first close of its new Opportunities Fund, with an impressive Rs 280 crore raised so far. The firm is aiming for a targeted fund size of Rs 350 crore, and with this initial closing, they are well on their way to achieving that goal.
With strong backing from various…
India’s startup ecosystem is experiencing a remarkable surge in funding, with homegrown startups raising $12.2 billion in just the first 10 months of 2024. This impressive figure already exceeds the total funding raised throughout 2023, which was around $11 billion, and there are still two months to go. The momentum continues to build, with October seeing $1 billion raised across 119…
A Booming Ecosystem
In an impressive display of growth, 21 Indian startups raised a whopping $187 million this week, highlighting the vibrant pulse of the Indian startup ecosystem. This funding spree includes four growth-stage and 13 early-stage deals, showcasing a mix of emerging and established companies eager to scale up their operations.
Notable Funding Highlights
Among the standout stories…
A Closer Look at Swiggy’s Upcoming IPO
Swiggy, the popular food and grocery delivery platform based in Bengaluru, is gearing up for its much-anticipated initial public offering (IPO), which is set to value the company at an impressive $11.2 billion. This valuation comes just slightly above what it was valued at during its last funding round more than two years ago.
Key Details of the IPO
The…
Bollywood stars successfully transition into entrepreneurship, showcasing diverse business ventures and investments.
On World Bollywood Day, we celebrate not just the glitz and glamour of the film industry, but also the remarkable evolution of Bollywood stars into savvy entrepreneurs. As India’s startup ecosystem blossoms, many celebrities are stepping beyond the silver screen to explore…
In a significant turn of events, India’s Supreme Court has struck down a tribunal order that would have allowed Byju’s, the country’s largest online tutoring platform, to settle its debts with a creditor. This decision firmly re-establishes the company’s trajectory towards insolvency and signifies a major setback for its founder, Byju Raveendran.
A High-Profile Setback for Byju’s
The…
In a bid to solidify its position as a leader in the Indian quick commerce space, Zepto is in advanced talks to secure $100 million in new investments. This will be the startup’s third funding round in just six months, underscoring its rapid growth and the increasing interest from domestic investors.
A Fast-Growing Player in Quick Commerce
Founded in Mumbai, Zepto has revolutionized grocery…
Table Space, a prominent Indian managed workspace provider, is setting its sights on an impressive valuation of $2.5 billion or more for its upcoming IPO slated for next year, according to insider sources speaking with TechCrunch.
Headquartered in Bengaluru, Table Space has enlisted Axis as a bookrunner for this significant financial move. Since its inception in 2017, the startup has…
LC Nueva Investment Partners has just launched its second venture capital fund, the LC Nueva Momentum Fund, aimed at investing in 10 to 15 promising startups. This new fund targets a total of Rs 150 crore (about $18 million), with the potential to expand to Rs 250 crore ($30 million) through an additional greenshoe option of Rs 100 crore (around $12 million).
Building on Previous Success
The…
Actress Samantha Prabhu is diving into the wellness world by joining Secret Alchemist, a direct-to-consumer (D2C) startup focused on aromatherapy. Founded in 2021 by Ankita Thadani and Akash Valia, the brand specializes in essential oils and holistic well-being products.
Though the exact financial details of Samantha’s investment weren’t disclosed, the company recently secured $500,000 in a…
