STARTUP PULSE BY CrAdLE 🚀 Top News of the Week [21 - 31 Oct] 🚀 Fintech & Payments: Paytm receives National Payments Corporation Of India (NPCI) nod to onboard new UPI users. Blinkit brings an EMI option for orders over Rs 2,999. SpaceTech: GalaxEye partners with SpaceX to launch an earth observation satellite. Investment & Funding: KSUM Invests Rs 15 Cr in Transition VC to boost energy transition goals. Peak XV Partners selects 14 startups for the 10th cohort of Surge. Captain Fresh selects Axis Capital, BofA as BRLM for its IPO. Zomato gets board approval to raise Rs 8,500 Cr via QIP. Meituan sells over $200 Mn worth of stake in Swiggy. New Ventures: Deepinder Goyal to enter health and mental fitness space with ‘Continue’. Regulatory & Legal: Elon Musk’s X India struggles with a 90% decline in revenue in FY24. Go Digit General Insurance received a show-cause notice from IRDAI. Zomato and Swiggy hike platform fee to Rs 10. CCPA sent notices to 11 e-commerce and quick commerce companies. Ola Electric claims to have resolved 99% of CCPA complaints. Source: Media Reports Follow CrAdLE EDII for more Startup Pulse updates! Satya Ranjan Acharya | Entrepreneurship Development Institute of India | CrAdLE - Centre for Advancing and Launching Enterprises | EDII Ahmedabad | Dhruv Patel | Shubham Bhatkande #startupnews #indianstartups #funding #technews #innovation #entrepreneurship #businessnews #investments #startupecosystem #growth #scaleup #venturecapital #privateequity #seedfunding #seriesa #ipo #mergersandacquisitions #fintech #payments #spacetech #healthtech #foodtech #ecommerce #quickcommerce #regulatorynews #legalnews #consumerprotection #digitalindia #makeinindia #futureofwork #sustainability #climatetech #deeptech #ai #machinelearning
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The Rise of India’s Unicorns..!! From Ola to Zomato to the latest additions like Ather and Krutrim, India’s startup ecosystem is taking the world by storm. Each year, more companies are breaking into the billion-dollar club, driven by bold visions, innovative solutions, and unstoppable grit. What does it take to become a unicorn? 1️⃣ Innovation at its Core: These companies tackle real-world problems with solutions that disrupt industries and change lives. From edtech to fintech, they’re transforming India’s digital economy. 2️⃣ Scalability & Vision: Unicorns don’t just think locally – they aim to go global, backed by strategic funding and sharp market insights. 3️⃣ Market Adaptability: The ability to pivot and adapt is crucial. Those who succeed are agile, quick to respond to challenges, and open to change. Most important todays digital and banking system is more in support of these startups with good innovative ideas which are catering the needs of the end consumers thus boosting and encouraging them to do wonders and creats a low risk envoirment of all investers. #IndiaUnicorns #Startups #Innovation #FundamentalAnalysis #TechnicalAnalysis #IndiaGrowthStory #StartupEcosystem #FutureUnicorns #FinanceCommunity
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The growth of Indian startups in e-commerce, health tech, and fintech is nothing short of impressive. Companies like Paytm, CureFit, and Flipkart are leading the charge, driving innovation and reshaping their industries. These startups are navigating complex challenges like regulatory hurdles and fierce competition, and showing that resilience and strategic partnerships are key to sustained success. India's startup ecosystem is thriving, driven by a blend of relentless innovation and strategic agility. As always, I'm intrigued by what ideas are brewing! #StartupGrowth #Fintech #Innovation #Entrepreneurship
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Hope that The CapTable puts out more articles like this. A report card or summary of what's been happening with startups or unicorns in India (most are no longer "startups" in my opinion as they are so huge and been around for a decade in some cases) Only 2 companies are actually profitable Dream11 and lesser known OfBusiness (in b2b space) which is interesting in itself as b2b in India is super tough (we can attest to that as can udaan.com and IndiaMART InterMESH Limited So far -and for the next 3-5 years in my opinion - India will continue to be a market focused in A as an attribute to success. Growth is king but many of these companies and unicorns have started adapting and fulfilling their potential like Zomato with key acquisitions, realistic pricing, and streamlining of their physical operations. Profitability is extremely tough when the entire ecosystem is geared toward growth at all costs - literally and figuratively. A lot of these business are now easily replicated or rely heavily on bullish periods in the markets. Yes, India is basically a giant bull-market even when things slow down a for a bit. There are no protections like patents or crazy contracts with non-competes for personnel who may go venture out on their own if they don't like the direction a unicorn is heading or the working culture being toxic or overwhelming. These people are key and they come from well-established universities or more traditional companies with good experience. They are hard to replace. And every one talks. We are starting to see more and more people and partners go out on their own, learning from their employers mistakes. India is very unique. The next round of big changes is underway. It will be interesting to see who changes their trajectory and if some of these companies even exist in their current iterations (if at all) in 5 years. Zerodha Swiggy Zomato CRED ShareChat Indian Premier League India Lenskart.com Upstox PhonePe Paytm #india #unicorn #unicorns #finance Accel Prosus Ventures Tiger Global Management SoftBank Group Corp. Reserve Bank of India (RBI) Kalaari Capital #payments #gaming #trading #stocks #stockmarket #platform #fooddelivery #delivery #aggregator #banking #money #lending #creditcards #education BYJU'S
The unicorn report card: A snapshot of how India’s top startups fared over the past 5 years
the-captable.com
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I don't think startup funding in India went away at all. It may have "slowed" down by that's because of required market and valuation corrections. The money and capital is there and has been there. More is coming in particularly with updated valuations. As we all know, there are too many unicorns that companies with inflated valuations based on exaggerated multipliers or market-sizes that aren't necessarily a fit. Maybe not yet or not ever. Companies have ups and downs. Good companies with a strong team do need some runaway when it comes to operating in huge market like India where a lot of concepts and industries are fairly new. Hopefully, we don't see good money, effort, and expertise go to waste in the next few years. #funding #capital #cash #workingcapital #investment #vc #pe #venturecapital #privateequity #founder Innovaccer HealthKart Navi Meesho Lenskart.com Pocket FM Purplle.com Mamaearth Honasa Consumer Ltd. Eruditus OfBusiness Flipkart Zomato #swiggy Swiggy #zomato Dunzo boAt Lifestyle Shark Tank India #india #siliconvalley
Funding for Indian startups is back*
the-captable.com
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Startup India: Increasing Profitability Amid Investor Pressure July 02, 2024 In the past two years, startups have made significant strides in profitability as venture capitalists and private equity firms emphasize profits over growth. In FY24, three unicorns—Oyo (travel tech), Mamaearth (Honasa Consumer), and Zomato (food tech)—achieved profitability. Additionally, Lendingkart and Mensa Brands' MyFitness became profitable, with MyFitness reaching EBITDA profitability. This trend contrasts sharply with previous years: only two unicorns, Chargebee and Rivigo, turned profitable in FY22, and just one, Digit Insurance, in FY23, according to Tracen data. For more details, read here: https://lnkd.in/gQKTvp5b #StartupIndia #Profitability #Unicorns #VentureCapital #PrivateEquity #Oyo #Mamaearth #Zomato #Lendingkart #MensaBrands #MyFitness #BusinessGrowth #InvestorTrends #BusinessNews
More startups on profit track as investors tighten the screw
financialexpress.com
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"Although venture funding this year is on track to reach a level similar to last year, there are signs of a revival in #India’s #startup scene. One promising area is #ecommerce. Online shopping currently makes up just 7% of India’s retail sales, but its potential is big. Redseer, a consultancy, projects that e-commerce sales in India will grow from $65bn in 2023 to $230bn by 2030. It helps that India’s affluent class—defined as those earning over $10,000 annually—is expanding. Goldman Sachs, an investment bank, predicts that it will swell from 60m in 2023 to 100m in 2027." https://lnkd.in/gmS9hGYD #GlobalBusiness
India’s startup scene is picking up speed again
economist.com
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Here’s a quick recap of this week’s top startup news 🚨👇 🔸 Bengaluru-based fintech unicorn CRED’s operating revenue jumped 71% to INR 2,397 Cr in the financial year 2023-24 (FY24) from INR 1,400 Cr in the previous fiscal year 🔸In a bid to further strengthen its presence in the Indian market, tech giant Apple has reportedly unveiled plans to open four more retail stores in the country. 🔸Billionaire Gautam Adani-led Adani Group will provide clean energy for Google’s cloud services and operations in India. 🔸 Foodtech major Zomato has expanded the pool size of its employee stock option plan (ESOP) with the allotment of nearly 1.2 Cr stock options to eligible employees. #trending #startups #weeklywrap
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Zomato will be part of the Sensex A lot more startups are on their way 🚀 You don't think so? Let me prove you wrong. Zomato started in 2008. Just 16 years ago Now the 30th most valued company in India And definitely, the fastest to deliver this milestone. But this is just the start 💪 The first proof of rapid value creation via startups. India has a lot of new-age tech-first startups waiting to disrupt the positions of the old incumbents. Well, this is not a new story & exactly why I love technology + startups. New technology promises scale & distribution which can't be easily matched or imagined. Startups leverage this new tech to grow exponentially faster than those who came before them. Looking back at the world's most valued companies: 1990-2015 was Exxon & General Electric Both started in late 1890s & took 100 years 2015-2025 brought Microsoft & Apple Both started around 1975 & took 40 years Beyond 2025 will be Nvidia, Amazon & Google They started around 1995 & took 30 years Facebook started in 2004, just 20 years back. OpenAI in 2015, just 10 years back. Let's look into China too, here are their top companies ranked with the valuations & inception year: 1: Tencent ($470B, 1998) - WeChat + gaming 5: Alibaba ($200B, 1999) - Alipay + commerce 11: Pindouoduo ($140B, 2015) - social commerce 13: Meituan ($130B, 2010) - food delivery 20: Xiaomi ($100B, 2010) - consumer electronics Technology doesn't just scale business - it transforms & writes new rules for what's possible ⚡️ I am super lucky to be surrounded by amazing builders who are scripting these remarkable stories. Zomato is already in the top 30 & here's the ranking of the listed start-ups waiting for their shot: 77: Swiggy ($13B) 112: PolicyBazaar ($10B) 149: PayTM ($7B) 177: Nykaa ($6B) 195: Ola Electric ($5) There are many waiting to get listed. Exciting times to be working in one or watching the markets :)
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Ixigo's Journey to Success: How Zomato Paved the Way for Tech Startups Ixigo, a popular travel booking platform, recently made a remarkable debut on the National Stock Exchange (NSE). Founded by Aloke Bajpai in 2006, Ixigo's stock started trading at ₹138.10, significantly higher than the initial issue price of ₹793. This success marks a major milestone for the company and highlights a broader trend of growing investor confidence in tech startups. Aloke Bajpai, the founder of Ixigo, celebrated this achievement and pointed out how Zomato's earlier success has positively impacted the tech startup ecosystem in India. Zomato, a well-known food delivery service, demonstrated that tech companies could achieve strong financial performance and gain investor trust. Over the years, many startup companies have learned the importance of providing clear and transparent financial information to their investors. Regular communication and engagement have also become key strategies for winning over investors' trust. Bajpai emphasized that showcasing strong financial health and leveraging technology effectively are crucial factors that investors consider when backing tech businesses. Ixigo's journey reflects these lessons. Through robust financial management and strategic use of technology, the company has positioned itself as a reliable and promising investment. As a result, investor confidence has surged, paving the way for a successful market debut. In conclusion, the success of companies like Ixigo and Zomato showcases the growing maturity of Indian tech startups. By learning from each other and focusing on clear communication and strong financials, these companies continue to build trust and attract investment, driving forward the tech industry in India. #franchisebusiness #businessexpansion #businessquotes #franchiserealestate #frachise
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Here’s a quick recap of this week’s top startup news 🚨👇 🔸 Stock exchange BSE will add foodtech major Zomato to its flagship BSE Sensex, replacing JSW Steel, from December 23. With this, Zomato will become the first new-age tech startup to feature in the benchmark index. 🔸Continuing its funding spree, quick commerce major Zepto has raised another $350 Mn (about INR 2,950 Cr) in a round led by Motilal Oswal’s private wealth division 🔸 Sachin Bansal-led fintech unicorn Navi has surpassed CRED to emerge as India’s fourth largest UPI player in October, with the formers’ customer-initiated transactions growing to 157.51 Mn from 120.41 Mn in the preceding month. 🔸 Indians travelling abroad can now make UPI payments using Paytm, as the fintech giant has rolled out ‘UPI International’ in select overseas markets #trending #startups #weeklywrap #zomato #flipkart #zepto
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