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TREND | 15 Jan 2025

Flying taxi startup secures $10 mn in Series A1 funding led by Accel

Business Standard

The funding will be used to scale operations, establish a research and development (R&D) centre, expand the workforce, and launch the company's flying taxi prototype

Startups

TREND | 15 Jan 2025

British Startups Just Can't Seem to Scale

livemint

The UK has struggled to turn clever science and technology ideas into larger companies under the Tories.

Startups

TREND | 13 Jan 2025

Indian realty sector sees 6% rise in PE investment to $2.82 bn: Anarock

Business Standard

Private equity investment in Indian real estate rose 6 per cent to USD 2.82 billion during the April-December period of this fiscal, driven by a surge in fund inflow in industrial & logistics parks, according to Anarock. Real estate consultant Anarock data showed that the Private Equity (PE) investment in real estate rose 6 per cent to USD 2.82 billion during the April-December period of this fiscal from USD 2.66 billion in the year-ago period. The number of PE deals dropped to 24 during the first nine months of the 2024-25 fiscal from 30 in the year-ago period. As per the data, foreign funds contributed 82 per cent to the total PE investments during April-December 2024, while domestic only 18 per cent. Among assets class, the industrial and logistics sector accounted for 62 per cent of the total investments, housing 15 per cent, office 14 per cent and mixed-use projects 9 per cent. Shobhit Agarwal, MD and CEO, Anarock Capital, said, the top 10 deals comprised 93 per cent of total

Startups

TREND | 12 Jan 2025

AIFs seek specific funds from govt for new-age, sunrise, deep-tech startups

Business Standard

Alternate investment funds (AIFs) have sought from the government specific funds for investments in new-age, sunrise and deep-tech startups with a view to promote innovation in the country, an official said. They have also urged the government to announce a fresh round of funds under the Fund of Funds for Startups (FFS) scheme. These demands were raised during a meeting between AIFs and the officials of the Department for Promotion of Industry and Internal Trade (DPIIT) here last week. The department held discussions with AIFs on ways to promote funding for startups in the country, the official said. "In the meeting AIFs demanded more funds under FFS. They demanded an increase in the duration of FFS from the existing 12 years," the official added. At present FFS is sector agnostic. The AIFs have suggested specific funds for the sunrise and new-age sectors. Issues like capital mobilisation and promoting funding for startups in smaller cities were also discussed during the meeting.

Startups

TREND | 10 Jan 2025

Practo Reports 22% Revenue Growth And Narrowed Losses For Fiscal 2023-24

NDTV Profit

Practo stated that also achieved its first full profitable quarter in the last quarter of 2023-24 and is on its path to sustained profitability with consecutive profit in the preceding 12 months ending September 2024.

Practo reports 22% rise in revenue in FY24, GMV crosses Rs 3,500 crore

Business Standard | 10 Jan 2025

Startups

TREND | 10 Jan 2025

DPIIT Working With Top 100 Listed Firms For Manufacturing Incubators For Startups

NDTV Profit

The Department for Promotion of Industry and Internal Trade is also planning to launch 75 corporate grant challenges to support startups with prototypes and pilot orders.

Startups

TREND | 10 Jan 2025

Chicago Private Equity Firm Raises $3 Billion for New Fund

livemint

A Chicago private equity firm with ties to Barack Obama has closed on a $3 billion new fund, adding to a list of Windy City investors to raise capital in the past year.

Startups

TREND | 09 Jan 2025

Bigbasket signs MoU with AP govt to boost organic produce, market linkage

Business Standard

Online grocer Bigbasket on Thursday announced signing a landmark Memorandum of Understanding (MoU) with the Andhra Pradesh government to strengthen the organic produce market linkage. A press release from the Tata Group company said the partnership will enable Bigbasket to source organic fruits, vegetables, and staple items directly from organic farmers across the state and supply them to its distribution centres nationwide. The MoU was signed in the presence of Chief Minister N Chandrababu Naidu, marking a significant step towards strengthening the organic agriculture ecosystem and supporting the state's farmers, it said. As part of the collaboration, Bigbasket will establish four new collection centres in AP, ensuring a daily supply of fresh, high-quality organic produce. The initiative aims to improve the livelihoods of local organic farmers and enhance consumer access to sustainable, organic products.

Startups

TREND | 09 Jan 2025

Health-tech platform Practo narrows losses to Rs 17 crore, revenue up 22%

Business Standard

Practo reported a 68 per cent compound annual growth rate (CAGR) from FY22 to FY24. The company's Ebitda margins rose to 40 per cent from near zero in FY22

Startups

TREND | 08 Jan 2025, 08:34PM

Private equity investments hit a two-year high at $15 billion in 2024: LSEG Deals Intelligence

Business Line

Experts attributed this to India's expanding middle-class population, robust start-up ecosystem and a strong IPO market

Private equity investments in India surge 46% to $15 bn: Top deals of 2024

Business Standard | 08 Jan 2025, 12:49PM