Tag Archives: Startups

The survival strategy for startups

The toll the Covid-19 pandemic has taken on the economy is still something experts and economists are unable to fully quantify. As the prolonged lockdown makes way for Unlock 1.0, it is becoming clear that several sectors will continue to struggle as the economy attempts to slowly crawl back to some semblance of normalcy. The much-celebrated Indian startups ecosystem has ... Read More »

Funding in Indian startups this week (11 May-16 May)

This week 14 Indian startups raised funding, of which 7 received a total sum of about $65 million. Among them, SirionLabs raised the highest funding of about $44 million followed by Shiprocket which raised $13 million. Meanwhile, funding for 7 of the total funded startups remained undisclosed. Below is the summary of deals closed this week SirionLabs: Enterprise-focused software-as-a-service provider, ... Read More »

Amid coronavirus outbreak, VC firms tell startups to brace for uncertainty

Bengaluru: As Covid-19 continues to spread across the world and in India, creating curbs on travel and large business events, venture capital (VC) firms are advising startups and their portfolio companies to conserve cash and spend less, and brace for a possible uncertain fund-raising environment. “What we are witnessing is possibly a once-in-a-lifetime event, which will, almost certainly, deliver the global economy a ... Read More »

Meet the desi aunty playing match-maker for Indian startups

One of the channels Indian startups use to make a dent globally is a well-heeled and networked diaspora that can make connections in Silicon Valley and elsewhere. A number of alumni and industry groups have tried to give this a structure over the years. An early attempt was the M&A Connect programme started by iSPIRT (India Software Product Industry Roundtable) ... Read More »

Startups need to think of opting for IPO: Kris Gopalakrishnan

KOCHI: Infosys co-founder and Axilor Ventures Chairman Kris Gopalakrishnan on Friday made a strong case for startups to think of Initial Public Offering (IPO) in order to tackle the fund crunch situation and provide longevity to their fledgling enterprises. “Startups are hesitant to do IPO, which is not difficult. My biggest issue with the startup ecosystem today is that they are not doing an IPO. Let ... Read More »

HDFC to invest ₹100 crore every year in tech startups: Deepak Parekh

NEW DELHI : Mortgage finance major HDFC is mulling to invest up to ₹100 crore per year in technology startups, its chairman Deepak Parekh said on Tuesday. The largest mortgage lender will install a dedicated team understanding the startup ecosystem to do the investments, he said. The announcement comes at a time when there is a lot of focus on the policy front to ... Read More »

Late-stage Indian startups bulk up its boards with independent hands

New Delhi | Bengaluru: Late-stage tech companies in India are increasingly inducting prominent independent directors, as they look to strengthen their boards to address compliance and governance issues, as well as align the interests of multiple investors before going public. Oyo, Ola, Freshworks, Flipkart and Paytm are among leading home-grown technology ventures that have brought in known industry veterans over the course ... Read More »

Lending startups now chase logistics firms

Bengaluru: Loans to logistics companies are going digital, with startups in the space looking to leverage data and technology to formalise credit to truckers, fleet owners and truck drivers. Startups such as Loanzen and BlackBuck are lending to driver owners, fleet operators and even first-time borrowers, to finance vehicles and also to fund purchases of spares. “We are looking at ways to fund for ... Read More »

Google to mentor 10 startups in Bengaluru from October 14

BENGALURU: Google on Wednesday announced to kick-start third class of its three-month “Launchpad Accelerator India” programme from October 14 here with a line-up of 10 fresh startups. Similar to the two previous classes, these startups will get access to mentorship from Google teams and industry experts, free support, Cloud credits and more, the company said in a statement. The startups will undergo an intensive ... Read More »

Tech startups and incubators applaud FM’s tax cuts and CSR initiatives

Bengaluru: The latest corporate tax cuts announced by the finance ministry will the reduce cost of capital and incentivize more investments in the consumer Internet segment, according to tech startups and investors in the startup space. The Finance Ministry last week effectively reduced corporate taxes for domestic companies to 25%, down from around 30%. Apart from this, the ministry also widened ... Read More »