Trend Startups - Latest news, views and updates

Startups

Interest

Watch

Startups

TREND | 27 Sep 2024, 11:33PM

Private equity deals in India pick up after two years of decline

Business Standard

Up 9% at $24 bn in first nine months of 2024; financial services, consumer sectors lead

Startups

TREND | 27 Sep 2024, 03:56PM

Authum, Mahi Kela to acquire 46.85% stake in Prataap Snacks for Rs 846.6 cr

Business Standard

Authum Investment & Infrastructure, along with Mahi Madhusudan Kela, will acquire a 46.85 per cent stake in Prataap Snacks, the Indore-based packaged foods company that owns the snack brand Yellow Diamond and sweet snacks brand Rich Feast, in a deal valued at Rs 846.60 crore. They have entered into a share purchase agreement on Thursday to acquire the entire 46.85 per cent shareholding, which is around 1.02 crore equity shares, from its three Private Equity promoters, according to an early morning filing by Prataap Snacks. The three Private Equity promoters -- Peak XV Partners Growth Investments I, Peak XV Partners Growth Investment Holdings II and Sequoia Capital GFIV Mauritius Investments hold stakes of 2.48 per cent, 34.65 per cent, and 9.72 per cent, respectively. "The acquirer and PAC (Persons Acting in Concert) have entered into a share purchase agreement dated September 26, 2024, with the sellers, pursuant to which the acquirer has agreed to acquire from the sellers 1.02 ..

Startups

TREND | 25 Sep 2024

Flexible office space operators got $820 mn PE funding since 2017: Report

Business Standard

Flexible office space operators have received USD 820 million worth private equity funding since 2017 driven by rising demand from corporates, according to Knight Frank. In its report released on Wednesday, real estate consultant Knight Frank India said the Private Equity (PE) investments in India's flexible office space sector have fluctuated significantly. "From 2017 to 2018, investments grew steadily from USD 25 million to USD 49 million, rising sharply to USD 113 million in 2019, driven by investors like CLSA Capital and Peak XV Partners." However, investments fell to USD 11 million in 2020 and USD 6 million in 2021 due to Covid-19, it added. "A resurgence occurred in 2022, reaching USD 595 million, supported by deals from Hillhouse Capital and Actis, but dropped sharply to USD 13 million. In 2024, one deal secured USD 8 million," the consultant said. The report noted that flex-space operators have taken on lease an estimated 52.9 million sq ft (msf) from 2017 to the first hal

Startups

TREND | 25 Sep 2024

Zepto retains first place in LinkedIn's 2024 list of India's Top Startups

Business Standard

Quick commerce platform Zepto, for the second consecutive year, has been ranked first in LinkedIn Top Startups India List 2024 -- an annual ranking of emerging companies where professionals want to work. The list draws insights from data based on actions of more than 1 billion LinkedIn members globally. It measures startups based on four pillars: employment growth, engagement, job interest and attraction of top talent. Zepto was followed by compliance firm Sprinto and cloud storage management platform Lucidity. "This year's Top Startups list is a true reflection of India's burgeoning entrepreneurial ecosystem. Bengaluru continues to thrive with half of the Top Startups headquartered in the city. "14 startups (out of 20) are new entrants in this year's list and several first-time categories like biofuel, compliance and mental health point to the diversity of career opportunities for professionals eyeing the world of startups," Nirajita Banerjee, Career Expert and Head of Editorial a

Startups

TREND | 24 Sep 2024

Atlys secures $20 million Series B funding co-led by Peal XV, Elevation Capital

Business Today

Funding will be used for an aggressive expansion strategy, empowering the company to enhance its product and engineering capabilities, enter new markets, and scale operations globally

Visa processing platform Atlys raises $20 million in Series B funding

Business Standard | 24 Sep 2024

Startups

TREND | 20 Sep 2024

Capital A Announces Rs 400 Crore Fund To Invest In Manufacturing, Deep-Tech, And Fintech Startups

NDTV Profit

The investor base for Fund II will be primarily domestic, with backing from family offices, industry leaders, HNIs and like minded LPs and returning partners from previous funds, like Manjushree Ventures.

Startups

TREND | 20 Sep 2024

'What war?': Blinkit & BigBasket CEOs put selfies to end claims of rivalry in quick commerce

Business Today

It all started after a tweet emerged on X, saying, Quick commerce wars: BigBasket vs Blinkit competing on iPhone 16 deliveries in less than 10 mins. A decade ago, BigBasket and then Grofers had just started competing in the grocery delivery market.

iPhone 16 Series To Be Available Starting Today: How To Order On Zepto, Bigbasket, Blinkit

NDTV Profit | 20 Sep 2024 1 more

Startups

TREND | 20 Sep 2024

Edtech startup Physics Wallah's valuation crosses $2.8 bn with new funding

Business Standard

Physics Wallah (PW) has closed $210 mn Series B funding round which was led by Hornbill Capital, with participation from Lightspeed Venture Partners, alongside support of existing investors

Blue-collar recruitment platform Vahan.ai secures $10 mn funding in Series B led by Khosla Ventures

Business Line | 20 Sep 2024

Startups

TREND | 19 Sep 2024

Mid-Market Firms, Startups Kickstart Next Wave Of GCC Growth In India

NDTV Profit

These ventures, much like the larger ecosystem, are tapping India to build and innovate solutions with new age tech capabilities.

Startups

TREND | 17 Sep 2024

Hyperbots to Revolutionize AI in Finance; Raises US$2M Seed Funding from Kalaari Capital, Sunicon Ventures, and Athera Venture Partners

Business Standard