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Startups

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Delhivery doubles revenue Y-o-Y to ₹2072 crore in Q4 FY22, loss remains flat

Delhivery said that it had delivered full-year operating profitability as its adjusted EBITDA came at ₹72 crore, while its adjusted cash profit after tax (PAT) amounted to ₹212 crore.
ShareChat Jeet11

Google, Times Internet, others put in $300Mn in ShareChat: Report

As the second-largest internet market in the world, it is hardly surprising…
Ather

Ather energy says its scooter fire incident was due to an ‘extremely rare’ structural breach

Two wheeler EV manufacturer Ather Energy has issued a statement via Twitter,…

Myntra rolls out M-Express to deliver products within 48 hours

Going forward, Myntra intends to expand its M-Express offering to Tier II and Tier III cities in the country and launch its web version in the coming months.

Riverwalk Holdings is the latest VC to join early-stage investing in India with a ₹150 crore debut fund

While later stage startup fundraising maybe on a downhill globally, investors aren’t…

Now Sequoia warns of “crucible moment” for startups, advises them to focus on profitability

This will not be a “V-shaped” recovery, and today’s monetary and fiscal policy tools, according to Sequoia, will force cuts in its portfolio and measures to conserve cash.

Logistics unicorn Delhivery lists at 1.7% premium, ends debut day 10% high despite bearish market

Delhivery, the unicorn upstarts that has made aggressive strides in India’s $200Bn…

1K Kirana raises $25Mn for its hyperlocal ‘kirana’ stores aggregation platform

1K Kirana, founded by Kumar Sangeetesh, Abhishek Halder and Sachin Sharma, primarily serves as a distribution network for local departmental stores in order to alleviate their struggles of acquiring inventory at the best price available.
CarTrade

Cars24 lets go of 600 employees citing “business as usual, performance linked exits”

Indian start-up land is facing layoffs from all directions. Online used car…

HappyLocate taps $1.1Mn in pre-Series A to help companies avoid employee relocation hassles

Let’s face it, relocation for a new job — both from your…

Embedded credit fintech BharatX gets seeded with $4.5Mn from YC and others

Through its embedded credit platform, BharatX lets consumer convert their spends into easy EMI options, including new & innovative ways, such as ‘Pay 3’.

ApnaKlub gets $10Mn in Series A to address challenges in India’s FMCG distribution system

ApnaKlub allows anyone with a smartphone to earn supplemental income by aggregating demand and supplying FMCG goods to retail (kirana) stores in their local community.
Delhivery profits after previous year's loss

Ahead of its IPO, Delhivery lands ₹2,347 crore from 64 anchor investors

75% of the Delhivery IPO issue has been reserved for qualified institutional investors, 15% has been reserved for non-institutional investors, and the remaining 10% for retail investors.
StableCoins as an imaginary real coin

Cryptocurrency exchange KuCoin raises $150Mn, now valued at $10 Billion

Cryptocurrency exchange platform KuCoin has raked in $150 Million in a fresh pre-series B fundraise. KuCoin, a fourth year startup, is now valued at a towering $10Bn.
Razorpay

Razorpay’s announces $75Mn fresh secondary share sale, its biggest ESOP buyback to date, Lightspeed, Moore Ventures participate

Fintech unicorn Razorpay has announced its latest secondary share sale. And at…

Crypto Investment platform Koinbasket raises $2Mn in pre-seed round

Koinbasket maintains integration with multiple exchanges across the globe in order to provide its current userbase of 15 million, comprehensive data to select a set of cryptocurrencies out of the thousands available in the market.

FREED lands $2.8Mn from Inflection Point & others to help consumers eliminate large, unsecured debts

With the growth in retail credit, mounting NPAs and low recovery rates on late-stage delinquencies, FREED is attempting to solve a $15 billion NPA problem.

Neobank Kaleidofin rakes in $15 Mn in Series B, Michael and Susan Dell foundation leads

Kaleidofin has an impressive reach in the Indian market, carrying a userbase of 1.2 million across 230 districts in 14 states of India.

SaaS startup Toplyne tops up with $15Mn in Series A lead by Tiger Global and Sequoia

Toplyne currently has an impressive clientele which includes names like Canva, Grafana, Gather.Town, InVideo and BrowserStack.

a16z on pace to invest $500 Mn in Indian Startups: Report

a16z will be noticing familiar venture capital competitors already boasting of a dominant presence in the Indian start-up land. Accel, Lightspeed, Sequoia and Softbank have made significant moves in the Indian market.