Today’s tweet thread is about the ins and outs of the new @ycombinator deal. What is it? How will it impact founders? How will it impact other investors? Read on >> 2) In this new offer, although YC is offering more cash as part of it, this deal shouldn’t be conflated with a $500k for… Continue reading YC’s Latest $500K Deal: What does it mean to founders? How will it impact investors?
Category: Indian Startups
Nithin of Zerodha: why is Zerodha valued at just $2 Billion when smaller players are raising at far higher valuations
Our ESOP buyback is from the profits we carve out & not through external fundraising. This is so that everyone can focus on profitability which improves the odds of us being sustainable & resilient in the long run. The ESOPs will then truly be a retirement fund for everyone. Nithin, Zerodha The only reason why… Continue reading Nithin of Zerodha: why is Zerodha valued at just $2 Billion when smaller players are raising at far higher valuations
Unicorn within 6 months. Let’s look at why VCs going gaga about Mensa brands.
Mensa follows thrasio-model: 1) If interested in a brand/business, sign Letter of Intent 2) Due Diligence ⇒ Financial statements, sales, costs, marketing etc. 3) If satisfied with brand health & future growth, share valuation to buy – Buidd Time to become a Unicorn startup: – PayTM & Flipkart: 5 years – Ola: 4 years –… Continue reading Unicorn within 6 months. Let’s look at why VCs going gaga about Mensa brands.
Fund raising and alignment with the investor: These tips will help you define the playbook
1/ Fundraising is more about finding alignment first and foremost – and doing this before you “enter into a process” with any investor. If you’ve heard back a NO from an investor after a long process citing basic reasons like market, TAM, supply, etc. then you know what I mean. 2/ One way to do… Continue reading Fund raising and alignment with the investor: These tips will help you define the playbook
FinBox launches Account Aggregator enabled digital lending
Through its AA offering, FinBox aims to bring the drop-off rate down to less than 10%. “The AA framework promises to bring a radical transformation in India’s lending space. It will allow lenders to assess a wider selection of data points to determine a borrower’s creditworthiness, bringing underbanked sections of the population into the fold… Continue reading FinBox launches Account Aggregator enabled digital lending
Salesforce backs Indian payments startup Razorpay
“At Razorpay, we want to make further strides on the idea of investing in India’s digital future and building an intelligent payment and banking infrastructure for the new-world. We are delighted to associate with Salesforce Ventures and Salesforce more broadly in India,” said Harshil Mathur, co-founder and chief executive of the fintech startup. Monday’s deal… Continue reading Salesforce backs Indian payments startup Razorpay
Delhivery launches innovation lab to support startups in logistics
Logistics and supply chain startup Delhivery said on Monday that it has partnered with Mumbai-based startup Réseau, a specialized operator of industry-backed accelerator programs, to launch the Delhivery innovation lab. [Via]
Cars24 Nearly Doubles Valuation To Over $1.8 Billion After Fund Raise
Used-car platform Cars24 said on Monday it has raised $450 million from investors including SoftBank Group Corp’s Vision Fund 2, nearly doubling its valuation to $1.84 billion. The fund raise included a $340 million Series F equity round featuring investments from Vision Fund 2, Tencent Holdings Ltd and DST Global, Cars24 said, along with $110… Continue reading Cars24 Nearly Doubles Valuation To Over $1.8 Billion After Fund Raise
Dunzo pilots drone delivery of vaccines in Telengana
The trial is a part of ‘Medicines from the Sky’ project and will see hyperlocal delivery service Dunzo partner with New Delhi based drone delivery solutions provider Skye Air to optimize healthcare logistics. “The drones will deliver up to 12 km within an expected time frame of 18 minutes with each drone carrying vaccines in… Continue reading Dunzo pilots drone delivery of vaccines in Telengana
2 spacetech startups get access to ISRO facilities, expertise to test rocket systems
The Department of Space has entered into a Framework MoU with aerospace startup Agnikul Cosmos for access to ISRO facilities and expertise towards the development and testing of subsystems/systems of space launch vehicles. The MoU will enable the company to undertake multiple tests and access facilities at various ISRO centres for testing and qualification of… Continue reading 2 spacetech startups get access to ISRO facilities, expertise to test rocket systems
Droom looks to raise ₹1,000 cr from share sale early next year
“The company plans to raise up to ₹1,000 crore through the IPO, which will be a mix of primary and secondary share sales,” the person said, adding that the initial public offering could see some of Droom’s existing investors pare their stakes. “Droom has witnessed a jump in used vehicle sales in H1 2021 due… Continue reading Droom looks to raise ₹1,000 cr from share sale early next year
Spike in compliance costs may hit tech startups hard
NEW DELHI : Crippling compliance costs arising from upcoming data regulations could sink many small technology startups, experts aware of the rules said, underlining concerns raised by industry organizations. The central government’s IT Rules, the upcoming Personal Data Protection bill and the Reserve Bank of India’s payments data storage rules are expected to involve significant… Continue reading Spike in compliance costs may hit tech startups hard
Why does a VC reject your pitch?
Sometimes we reject very good companies, which pass all of the above criteria because there is another company ahead of it in the mental stackrank, one which we believe is even better poised to be a bigger hyperscaled startup Sajith Pai, Blume Ventures Why does a VC reject your pitch? 🧵 A perspective basis my… Continue reading Why does a VC reject your pitch?
Indiagold gets $12 million funding from PayU, others as gold loans surge
Bengaluru: Indiagold, a gold-based lending platform started by two former Paytm executives, has raised $12 million in fresh funding to make the most of the pandemic-induced surge in loans against jewellery. Indian financial institutions struck gold, quite literally, as the Covid-19 pandemic triggered a surge in loans against jewellery since early last year, according to… Continue reading Indiagold gets $12 million funding from PayU, others as gold loans surge
Nazara Technologies acquires OpenPlay for Rs 186 crore
Gaming and sports media platform Nazara Technologies has acquired Hyderabad-based skill-based gaming company OpenPlay for about Rs 186 crore. While Gamify learning and e-sports contribute around 81% to its revenue, with each bringing in upwards of Rs 200 crore, free-to-play mobile gaming is around 4% and real-money gaming is around 2% of the mix, Agarwal… Continue reading Nazara Technologies acquires OpenPlay for Rs 186 crore
Digit Insurance raises fresh funds at $3.47 Bn valuation
General insurance provider Digit Insurance had announced in July that it raised $200 million at a valuation of $3.5 billion. Motor is the largest category for Digit Insurance which contributes 75% of gross premiums on the platform whereas fire and health insurances constitute 20%. According to the company, it had recorded Rs 3,243 crore. Digit… Continue reading Digit Insurance raises fresh funds at $3.47 Bn valuation