Jaicky Kumar

🚨Swiggy IPO gets oversubscribed led by QIB bids Swiggy’s IPO was oversubscribed 1.07 times by the third day, driven largely by QIBs, who oversubscribed their portion 1.52 times. Retail investors subscribed to 97% of their portion, while Non-Institutional Investors (NIIs) made bids for 22% of their allocation. Swiggy's employee quota also saw strong demand, with a subscription rate of 1.38 times. Swiggy raised around Rs 5,085 crore (approx. $605 million) from anchor investors like HDFC, ICICI, SBI, and global players including Fidelity and BlackRock. by Akshita Toshniwal | #SwiggyIPO #IPO #QIB #RetailInvestors #Foodtech Read more 👇 https://lnkd.in/ggm_piMt

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Kreedo secures Rs 10 Cr debt funding from Recur Club: Edtech platform Kreedo Early Childhood Solutions has secured Rs 10 crore in debt funding from Recur Club, a prominent debt marketplace for startups and SMEs.  Kreedo had previously raised $4 million in Series A funding from Heritas Capital and UBS Optimus Foundation to enhance learning ecosystems. The proceeds will be deployed towards fuelling its growth and expansion plans, enhancing product offerings and scaling operations across India, Kreedo said in a press release. Co-founded in 2012 by Mridula Shridhar and Manikandan Krishnan, Kreedo provides a non-franchise solution for preschools and schools in India. Its curriculum is designed to help children develop literacy, numeracy, and other skills through play-based activities. The platform's curriculum is based on the idea that children learn best through a "Concrete to Abstract" or "Practical to Theory" approach. The curriculum combines indoor and outdoor games and toys to help children learn to explore and develop skills. According to the Bengaluru-based company, it focuses on improving education in over 350,000 affordable private schools across India, which cater to low-income families and charge less than Rs 30,000 annually. The company claims that it has demonstrated an impressive revenue growth rate of over 35% year-on-year for the past three consecutive years.  “It has been a pleasure working with Manikandan and witnessing Kreedo’s incredible growth journey over the past couple of years. Their intelligent approach to capital management has enabled them to hyperscale effectively while preserving significant equity.” said Eklavya Gupta, co-founder & CEO of Recur Club. Kreedo may compete directly or indirectly with other companies in this space are Kinderly, Seed Schools, Sudiksha Knowledge Solutions, Blue Blocks, Hello Kids amongst others.  Recur Club is a capital platform, enabling companies to raise debt capital tailored to their business needs with a dedicated capital expert. The platform aims to deploy Rs 2,000 crore in debt funding for startups and SMEs through Recur Scale and Rs 1000 crore to MSMEs through Recur Swift in this financial year. It has backed startups such as Ustraa, Rage Coffee, Moveinsync, Keka HR, Xoxodays, and others. It competes with other debt financing platforms like GetVantage, Velocity, and Klub. #EdTech #Funding #Startups

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Fintech startup CredFlow has raised INR 31.2 Cr (around $3.7 Mn) in its Pre-Series B funding round co-led by existing investors Inflexor Ventures and a Singapore-based family office👇 The New Delhi-based startup plans to use the fresh capital for scaling up its financial and lending services as well as to improve tech and innovation stacks. Founded in 2019 by Kunal Aggarwal, CredFlow is a cash flow management SaaS platform that helps SMEs manage their finances by providing a dashboard of pending amounts by customers, sending timely payment reminders, validating invoices and negotiating discounts for early payment. 🔗To read the in-depth article, click here: https://4-2.co/48ZltBo #news #fintech #startup

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Buying gold / silver coins on the auspicious occasion of Akshaya Trithiya come under low frequency - low complexity purchase category. It is a seasonal product bought generally during specific occasions. Zepto Blinkit Swiggy lapped up this opportunity and started selling this with the benefit of quick delivery. No wonder the sales picked up quite well. I wonder how much would it have impacted the sales of larger eComm players. Sales trends from swiggy is already out. I am sure the trend will be similar for Zepto - Aadit Palicha and Blinkit - Albinder Dhindsa I detailed out this approach and more in my notes - https://lnkd.in/gBmvVKy2

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🚀 CredFlow Secures $3.7M in Pre-Series B Funding! Delhi-based fintech startup CredFlow raised ₹31.2 Cr in a round co-led by Inflexor Ventures and a Singapore-based family office. Funds will scale its lending & financial services and boost tech innovation. 💡 Founded in 2020, CredFlow empowers SMEs with cash flow management tools, real-time insights, and seamless integration with Tally/Busy ERP. With over 1.5L SMEs helped and $600B in invoices managed, CredFlow is bridging MSMEs and formal lending. 📱 This year, it launched KuberX, a credit scoring app with 25K+ MAUs, targeting 10x growth by 2025. #Fintech #CredFlow #SMEGrowth #Innovation

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If you want to understand more about the Indian startup and venture ecosystem, then the best place to start is the "Indus Valley Report" by Sajith Pai, Anurag Pagaria and Nachammai Savithiri R of Blume Ventures - https://lnkd.in/gj-7hjGq You can expect lots of insights about India's GDP, consumption by different types of customers in India, Digital Infra achievements, venture funding trends, Indian IPO market, and Indus Valley Playbook. My favorites in 2024 report 1. India123 - Slides 26-30 2. Storefront as a Service for Digital Native Brands - Slide 101 What do I expect in the 2025 report : How Indian startup and venture ecosystems are powering global Gen AI growth !!!

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CLSA published a detailed research report on India quick commerce. Recommended reading. Who will be the first to create a $50-100Bn company in India internet? #Zepto #Zomato #IndiaInternet

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Zomato has brought back two senior executives to help grow its Going-Out business. This comes as the food tech giant talks with Paytm about buying Paytm's movie ticketing and events company. They've brought back Rahul Ganjoo and Pradyot Ghate, who both left the company last year. This comes soon after it was said that the company wants to buy Paytm Insider for an estimated INR 1,500 Cr to improve its live entertainment and tickets business. To share your startup story write us on - [email protected] #startup #news #latestupdate #zomato #RahulGanjoo #appointment #

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Bengaluru-based ecommerce startup POP has raised $2.4 million in seed funding led by IndiaQuotient, with participation from angel investors. This funding will accelerate POP's rollout of Unified Payments Interface (UPI) services via the POPclub app, which has received approval from the National Payments Corporation of India (NPCI) as a Third-Party Application Provider (TPAP). Developed with YES BANK and JUSPAY, the POPclub app allows users to earn POPcoins, a unique shopping currency, with 2% value back on every transaction. Founder Bhargav Errangi aims to make POP the primary platform for payments and shopping among Gen Z and millennials. Since its launch in May 2023, POP has partnered with over 200 brands, including mCaffeine, Simple Skin Care, Adil Qadri, Anveshan, Two Brothers Organic Farms® and epigamia, and engaged over four million customers. Madhukar Sinha from India Quotient highlighted POP's potential to improve customer acquisition and retention for consumer brands. #POPStartup #Ecommerce #UPI #SeedFunding #IndiaQuotient #Fintech #POPclub #DigitalPayments #CustomerEngagement #StartupGrowth #startup77

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Growth Sense Venture Fund Receives SEBI Nod for ₹100 Crore AIF Category-1 Angel Fund. Growth Sense Venture Fund, a trailblazer in the Indian startup ecosystem, proudly announces SEBI's approval for its AIF Category-1 Angel Fund. With a corpus of ₹100 crore, this fund is set to empower innovative startups across diverse sectors, offering substantial investment opportunities and driving India's entrepreneurial growth. Impressive Track Record: As the investment manager for the fund, Growth Sense has demonstrated exceptional expertise with 88+ investments to date, delivering impressive returns: 6 startups with over 100% IRR Others achieving 75% and 40% IRR The Growth Sense Ecosystem: To ensure startups achieve their full potential, Growth Sense offers an integrated ecosystem through its associate companies: Growth91: A premium marketplace connecting founders and investors. Growth Metaverse Private Limited: Tech solutions for scalability and growth. Growth Alpha Advisors: Digital marketing and branding services. Growth Compliance: Legal and regulatory compliance support. INVIDATA TECHNOLOGY: Advanced cybersecurity solutions. Sector-Agnostic Vision: Growth Sense follows a sector-agnostic approach, exploring opportunities across industries such as technology, consumer goods, healthcare, and financial services while ensuring diverse and impactful portfolios for investors. Words from the Co-Founder: "Receiving SEBI approval marks an exciting milestone for Growth Sense Venture Fund. This fund allows us to channel investor capital into startups delivering real value to the Indian economy. Our team is committed to supporting India’s most promising startups with capital, mentorship, and strategic resources," said Sanjay Sarda, Co-Founder of Growth Sense. Read More: https://lnkd.in/ggphPYqz

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Startup Central | ThinKuvate: Bolstering tech-enabled startups Addison Appu, Partner at ThinKuvate, sheds light on the latest ₹100 cr fund, 'glocal' approach, key sectors in focus and more Avanne Dubash Addison Appu

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In a fascinating article, Pradip K. Saha from Morning Context explains why quick commerce (Zepto, Blinkit, Swiggy, Instamart, and soon Tata) is successful in India, whereas it has proven to be a challenge in developed markets. He notes that quick commerce has been a “game changer” for the leading FMCG players, like HUL, Dabur, ITC and Nestle. Saha also notes that Indian quick commerce works because the players have attained scale. This is underpinned and facilitated by a network of dark stores. Saha explains that “A typical dark store serves a 1-3 km radius. Blinkit, which dominates 40% of India’s quick-commerce market, added 152 such dark stores along with seven warehouses in the September quarter, taking the number of dark stores to 791. Zepto, with a market share of just under 30%, has around 400 stores, while Swiggy’s Instamart operates over 600 such stores. Together, the three companies account for nearly 90% of India’s quick-commerce segment. All three are raising funds to expand into newer cities and launch more dark stores.” Beyond scale, the business model allows for margins. “By eliminating distributors and wholesalers, these platforms can offer prices 10-15% below the maximum retail price (MRP) while maintaining 15% gross margins, according to a report by Goldman Sachs Equity Research. Some specialty direct-to-consumer brands offer commissions as high as 30-45% for listing on quick-commerce apps.” The quick-commerce players are also able to offer a broader range of products and SKUs. The quick-commerce players are also aggressively advertising. Finally, the quick-commerce companies “also benefit from the fact that a significant chunk of their offerings include perishables,” which capture higher margins. #india #quickcommerce #success #scale #margin #darkstores #distribution #reach #skus #fmcg #perishables #blinkit #zepto #instamart #zomato #swiggy Why quick commerce is working only in India From tea leaves to iPhones, the country’s quick-commerce platforms are reshaping urban retail while proving sceptics wrong about their viability.

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Indian startups raised nearly $1.6 billion across 112 deals in August 2024, marking the second-highest funding month of the year. Significant growth-stage deals included Zepto ($340M), DMI Finance ($334M), and OYO ($175M), with Zepto and DMI Finance reaching $5B and $3B valuations, respectively. Early-stage funding was strong, with 71 deals totaling $267M. Notable deals included Kinetic Green ($25M) and Even Healthcare ($20M). August saw 19 merger and acquisition deals, with major transactions including Zomato’s $244M acquisition of Paytm’s movies and ticketing business. Delhi-NCR led city-wise funding with $724M across 29 deals, followed by Mumbai ($453M) and Bengaluru ($265M). Fintech dominated segment-wise funding with 27 deals, while edtech saw a sharp decline, raising only $5M across 3 deals. August saw IPOs from Ola Electric, Unicommerce, and FirstCry.com (BrainBees Solutions Ltd.), with Swiggy and others preparing to follow. The quick commerce sector is witnessing intense competition. Zepto’s mega-round, Flipkart’s entry, and bigbasket.com’s full shift to rapid delivery are key indicators of the sector’s growth. Amazon is expected to enter the market early next year, adding another major player to the mix. Currently, Blinkit (owned by Zomato), Swiggy Instamart, Zepto, and Tata Digital-owned bigbasket.com are leading the charge. Tier II Cities: Emerging Hotspots A notable trend is the increasing number of deals emerging from tier II cities like Raipur, Dehradun, Udaipur, and Surat. Although these cities still represent a small fraction of the total, their growing presence signals a shift in traditional startup funding patterns, with innovation and investment gradually spreading beyond the major metro areas. While the current recovery is promising, it’s essential to approach it with cautious optimism. The private VC market remains heavily reliant on foreign capital, and any disruption in global fund flows could impact the momentum. However, India’s favorable geopolitical position, particularly amidst US-China tensions, may continue to attract global investors. Conclusion: A New Chapter for Indian Startups August 2024 marks a significant turning point for the Indian startup ecosystem. With robust funding, strategic mergers and acquisitions, a strong IPO pipeline, and the emergence of new trends, the stage is set for sustained growth. However, as we move forward, it’s crucial to ensure that this recovery is built on a solid foundation, balancing growth with sustainability. #IndianStartups #VentureCapital #StartupFunding #MergersAndAcquisitions #IPOs #GrowthStage #EarlyStage #QuickCommerce #Tier2Cities #FounderLed #Innovation #Resilience #Entrepreneurship #InvestmentTrends #EcosystemRecovery

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Highperformr.ai, a marketing SaaS startup floated by former Freshworks executives Ramesh Ravishankar and Srivatsan Venkatesan, has raised $3.5 Mn (INR 29.2 Cr) in a seed funding round 👇 The startup’s first product, Highperformr for Teams, leverages generative AI and LLMs to help B2B businesses maximise their return on investment (ROI) on social media campaigns. The fresh capital will be deployed to further the startup's research and development activity, build the platform's native AI capabilities, and expand its distribution network. To read more in detail, click here: https://lnkd.in/gV8tqWyU #startups #fundraising #growth #saas

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Bengaluru-based smart kitchen startup Beyond Appliances has raised INR 16.8 Cr (around $ 2 Mn) in a seed funding round led by Fireside Venture Investment Fund III👇 The company plans to use the fresh funding for scaling up its tech and manufacturing stacks. Dexter Capital was the exclusive advisor to the company on this investment. Founded in 2024 by ESHWAR K VIKAS and Rakesh Patil, Beyond Appliances combines advanced technology with practical functionality to transform kitchens into smart kitchens. 🔗To read the in-depth article, click here: https://4-2.co/3Vavwhk #news #smartkitchen #startup #funding

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Like to order deliveries from the comfort of your own home? Zepto's recent $665 million funding will now allow the company to set up even more store across India to serve you better. Read all about it only in my new article at Entrepreneur India. . . . Follow and connect for more industry news and updates . . . #News #Update #Zepto #Funding #Investment #EntrepreneurIndia #AdityaPranMahanta https://lnkd.in/gYvATrUE

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Proptech startup Reloy witnesses 40% revenue growth to Rs 25-Cr this fiscal on strong housing demand “We have now cracked the code on referral sales and are replicating this across all our clients. This is also backed by new client wins,” Reloy founder and CEO Akhil Saraf, said. #PropTech #StartupGrowth #RealEstateInnovation #TechSolutions #ReferralSales #HousingDemand #SmartHomes #BusinessInnovation #HomeManagement #DigitalTransformation #TechStartups #IndiaNews #Business #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

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