Saurav Swaroop

🚨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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Meet Ankur Bansal, a Senior Product Consultant at BlueStacks, who is not just a community member but also a 1% Club Commando. He has seen his stock market portfolio rise by 67% in 4 years. In an interview with the team, Ankur shares some simple but interesting insights from his investing journey till now. Here’s his full story - https://lnkd.in/dwCn4z-c #stockmarket #investing #community #financialplanning

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CredFlow founder Kunal Aggarwal achieved a major milestone by securing $3.7 million in pre-Series B funding from Inflexor Ventures. This strategic investment brings CredFlow’s total funding to over $13 million, following $9.2 million raised in earlier rounds. Read about how CredFlow is revolutionizing SME's finances: https://lnkd.in/ebv7N7m3 #CredFlow #Funding #Investment #EntrepreneurshipStudio

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Appcharge, the leading direct-to-consumer platform, is excited to share a $26 million Series A funding round, led by Creandum, with participation from Supercell, BITKRAFT Ventures, Moneta Ventures and Corundum, alongside existing investors Play Ventures, Glilot Capital Partners, and angel investors. This new funding marks Appcharge's next step in driving the DTC movement forward. Web stores have become ubiquitous—our recent industry report confirms this trend—but the DTC space still has so much room to grow. Maor Sason Roei Barassi Or Ben Shimon Gil Tov-Ly To share your startup story write us on - [email protected] #funding #startup #SeriesA #Appcharge

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ZEPIC, Inc., a SaaS-based customer experience firm, has secured $2.1 million (INR 17.5 crore) in pre-seed #capital from Neon Fund and other angel investors who hold prominent positions at Apple, Chargebee, Freshworks, Microsoft, and Zoho. Neon Fund had offered $500K to the round. ZEPIC intends to expand its market presence in the US and other regions and strengthen its AI offerings with the #additional funding. Out-of-the-box connectors and no-code philosophy throughout ZEPIC will allow for rapid integration with existing #customer management tools to present the best possible 360 degree view of the customer. ZEPIC, which was cofounded in 2023 by Sunil Kumar Somarajan Pillai, Bharathi Kannan Ravikumar, Naveen Venkat, and Sreelesh Pillai, assists companies in providing excellent customer experiences across #channels and platforms. Siddhartha Ahluwalia To share your startup story write us on - [email protected] #zepic #neon #startup #funding

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OYO Funding and Valuation Woes •Valuation Drop: Potential plunge from $10 billion to $3 billion in funding talks. •OYO Denies: Company refutes claims, says focused on performance, not valuation. •IPO Halt: Draft prospectus withdrawn due to regulatory hurdles, not valuation. •Revenue Growth: CEO projects revenue to surpass $682 million despite funding issues. •Investor Interest: Malaysia's sovereign wealth fund interested in OYO. •Challenges Remain: Internal conflicts and IPO setbacks indicate operational issues. Diversify your portfolio now: Precize.in

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The Mumbai Founder's Meetup is almost here, and we're bringing you exclusive insights to dominate the Fintech market. If you’re a B2B founder who wants to get access to practical tactics & frameworks for a winning Fintech GTM strategy, from seasoned Fintech founders who've scaled successfully, then this meet-up is for you! Here's what you can expect: 11 AM: Scaling Fintech - The Enterprise Play with Suvendu Prusty 12 PM: The SMB Play for Fintech with Manish Aggarwal 1 PM: ️ Lunch & Mixer (Network with fellow founders & GTM leaders!) #Fintech #Mumbai #foundersmeetup #b2bsaas #ScalingFintech

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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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CHANNELIAM FUNDING TRACKER RECENT UPDATES: 1. #Wealthtech startup Dezerv raises $32 Mn in Series B 2. GOAT Brand Labs raises $21 Mn in debt and equity 3. Felicity Games raises $700K from DeVC, Nandan Reddy, Kunal Shah and others 4. Qarmatek Services Private Limited raises $1 Mn in pre-Series A round 5. Centriti raises Rs 6 crore in funding round led by Emergent Ventures India 6. Prosus Group to lead $100 million funding in BlueStone 7. #Recycling startup Ricron Panels bags Series A funding from Boon Sustainability, Others

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Who exactly is losing market share in the hotly contest grocery commerce? I thought it must be the now-not-so modern retail, but I'm not so sure. Zepto raised $665 Mn at a valuation of $3.6 Bn, and is in talks to raise $250 Mn more. And their cofounder and CEO Aadit Palicha recently commented that they can beat DMart - Avenue Supermarts Ltd on GMV in the next 12-18 months. Swiggy Instamart also is growing, and Blinkit is likely to be more valuable than their owner Zomato itself - so they are all doing well, even if Dunzo isn't. Sure, no idea what JioMart Digital is doing, but deep pockets. Same with Tata Digital and their weird assortment forced to converge on Neu. bigbasket.com is trying to unlearn and relearn, and it just might. And Flipkart Grocery and Amazon Fresh are also upping their game - launching faster deliveries, discounts, improved fill rates, and selection. So I wonder if it is the modern-trade players? The likes of More Retail Private Limited, Spencer's Retail, STAR BAZAR, and SPAR Retail that are suffering? The nearest Spencer's to me is definitely a sore sight, now reduced to a shell of it's former glory - I think they aren't even replenishing inventory now. And we all know what happened to Big Bazaar - Future Retail. But Dmart itself isn't doing half bad - with pareto presence in just 23 cities, and no presence in UP (except NCR), Bihar, and West Bengal, they have considerable headroom, still. And they haven't yet quite solved for ecommerce, so while The Ken says that they are lost, they may find their way, eventually? I also don't think that the real consumption is growing, if at all, it may even shrink with the K-growth. Thus, some one _is_ losing share. And if it is not modern trade, then is it the regional chains? The single kiranas? The corner-store? The hand-cart? I'm not entirely sure because this data is hard to organize, and get. Would you know? Image created by AI in Microsoft Bing Copilot.

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Indian Fintech Startup Multipl Secures $1.5M Funding Multipl, an Indian fintech startup, has raised $1.5M in a funding round led by Blume Ventures and MIXI Global Investments. Founded in 2020, Multipl incentivizes users to invest in mutual funds for future expenses through partnerships with brands like Flipkart, Myntra, and Yatra Online Ltd.. The funds will be used to enhance the platform and introduce new features. With over 500,000 downloads, Multipl aims to double this figure in the next year. This follows a $3M round in May 2022. #Multipl #Fintech #Funding #Investment #StartupNews #EmergingTiger

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Which startup has achieved the best product-market fit (PMF) in the last two years? 🇮🇳 > What truly defines a successful startup goes far deeper than just a high price tag - It's about a product seamlessly integrating into users' lives, solving a real problem in a simple and impactful way. > Zepto - This quick commerce leader has skyrocketed to household name status in just two years. Their secret sauce? A perfect blend of these product-market fit ingredients: 1/ Unmatched Speed: > Zepto's 10-minute grocery delivery caters directly to the urban consumer's desire for instant gratification. 2/ Curated Convenience: > Zepto understands that speed shouldn't mean sacrificing choice. > They offer a carefully chosen range of essentials and everyday items. No more browsing overload. Just high-quality groceries for immediate needs. Makes decisions a breeze. 3/ Frictionless Experience: > Zepto's app is refreshingly simple. A few taps, groceries ordered. Integrates with popular payment options. > Frictionless experience keeps users coming back. Perfect for busy schedules or sudden needs. 4/ Strategic Network: > Zepto's secret weapon? Smartly placed dark stores. > Stock essential items for quick picking and packing. This fuels their 10-minute delivery promise. Network efficiency translates to lightning-fast groceries. - They identified a clear audience (busy urban dwellers), addressed their core need (immediate groceries), and delivered it in a way that's both convenient and personalised. ♻️ Which other companies have hit seamless product market fit in the recent years? #quickcommerce #ecommerce #startups #zepto #venturecapital #LinkedInNews

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"Building a social media company is nothing but an interplay of content, capital, and compute." - Ankush Sachdeva, CEO & Co-founder of ShareChat. In this insightful interview, Ankush discusses the journey of scaling ShareChat, the importance of balancing user-generated content with AI-driven recommendations, and the challenges of building a robust monetization model in the Indian market.  He also sheds light on the role of capital and technological innovation in shaping the future of digital platforms. Don't miss out on this must-read article! Read more:  https://lnkd.in/dyNJ6aUB #ShortFormVideos #Sharechat #Moj #DigitalRevolution #ContentCreation #ETBrandEquity

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Fintech startup CredFlow has raised $3.7 million (about Rs 31.2 crore) in a pre-Series B funding round co-led by two of its existing investors, Inflexor Ventures and a Singapore-based family office. The proceeds will be allocated towards optimizing and scaling its financial services and lending verticals, as well as improving its tech and innovation capabilities. CredFlow is a SaaS-based cash flow management solution that aims to address every single aspect of the cash flow management and financial growth process in small and medium-sized organizations. The platform enables SMEs to leverage technology to unlock more working capital by helping them manage their finances better through timely insights via a dashboard of pending amounts from customers, sending regular payment reminders, validating invoices, and negotiating discounts for early payments. According to CredFlow, it offers robust financial management by directly integrating with the business’s Tally or Busy ERP, which, in turn, provides business owners with real-time analytics and deep insights into their operations. Founder: Kunal Aggarwal Follow Rise & Shine for daily funding deals. Stay ahead, stay motivated with www.riseshine.in #fintech #startup #funding

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Who would invest in founders who have wasted $50M? Koo, an Indian microblogging platform, recently shut shop after raising $50M in capital. Everyone has their views on why Koo failed. IMO, the biggest reason behind its failure was a lack of PMF (Product Market Fit). Koo spent much money on marketing and didn’t build a product people wanted. It kept harping on nationalism, a Twitter for Indians, made in #India. This approach failed. However, this doesn’t mean Koo’s founders aren’t smart or intelligent. I wrote in an earlier post that we shouldn’t be surprised if Koo’s founders raise fresh capital for a new startup. To many of us, this might seem grossly unfair. Millions of smart, hardworking founders are struggling to raise capital while investors are backing failed founders who have wasted millions of dollars. How is that fair? It confirms the widely held belief that the #venturecapital industry is broken and corrupt where a few people with the right connections get all the capital while others don’t see a dime. It shows that the VC industry is a closed group, a cabal where who you know matters more than anything. While these are just complaints, most people who criticise VCs don’t understand how startup investing works. VCs welcome failures. They embrace them because they know failures are inevitable. When VCs invest in 20 #startups, they know 15 will fail. The goal is to invest in startups that can give them a 100x return. Failures are part of the game. They are unavoidable. The aim is to back founders who can build such 100x return companies. Hence, failures are not looked down upon in the VC industry. It’s similar to the American culture where society appreciates the people who take risks, and it easily accepts personal bankruptcies that result from this risk-taking approach. There’s no taboo in failing in the USA and the VC industry. I’m sure Koo’s founders have learnt from their mistakes. It’s an expensive mistake and not everyone is so lucky to have this luxury to spend $50M on their education. ;) However, most VCs will back Koo’s #founders because these founders know how to raise capital and they know how to not build and scale tech companies. Their past failures have improved their chances of future success. In the VC industry, Failure is Good.

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