startup funding

Only 3% of Indians invest in the stock market, and almost all of them are men

Basis received the SEBI Registered Investment Advisor (RIA) license recently on February 25

It also recently raised an undisclosed amount of seed funding from India/US-based investors

The partners at Falcon Edge Capital also invested in the round

Prior to this, CreditVidya has raised $7 Mn in two rounds of funding

It is backed by Matrix Partners and Kalaari Capital

Existing investors Skycatchr, AdvantEdge and Astrac Ventures also participated in the round

Rapido is aiming to reach 25 cities by the end of this year

Currently, Rapido does 2.5 Mn orders a month

Y Combinator, Propel Venture Partners and Kauffman Fellows also participated in the round

The funds will be used to build technology to scale and introduce new investment options

Earlier in July 2016, the Bengaluru-based startup had raised $1.6 Mn in funding

SoftBank is looking to acquire 37.87% of the shareholding in Delhivery

The acquisition will be done through SVF Doorbell (Cayman) Ltd

Earlier, Delhivery was speculated to raise $450 Mn from the SoftBank Vision Fund

Impact investment manager, responsAbility and existing investor Northern Arc lead the funding round

Aye Finance aims to further strengthen its lending portfolio

Aye Finance has disbursed loans worth $175.2 Mn (INR 1,250 Cr) so far

The exemption will also apply to startups incorporated before April 2016

Startups don’t need interministerial group’s approval

Report of a merchant banker specifying the fair market value of shares no longer needed

The investors include Northern Arc Capital, Caspian and more

WayCool gained an ARR of $35.2 Mn since last funding in April 2017

Aims to use the funds to further scale-up operations

Fintech and ecommerce emerged as the top sectors for startup investments

Bengaluru emerged as the top city with the maximum number of funding deals

11 Indian startups entered the unicorn club in 2018

The startup will use the funds for enhancing the inventory it offers

Grexter is currently at approximately 1500 beds across Bengaluru

India’s tech-enabled co-living market is poised to grow to more than $2 Bn by CY22

Family offices such as Parekh and Patni also participated

The startup is looking to ramp up its technology as well as strengthen its product

Currently, ePayLater has over 3,000 merchants on-board

The startup will use the funding for strengthening its tech and distribution process

So far, loans worth $71.02 Mn (INR 500 Cr) & 75K+ credit cards have been disbursed

Cashcow looks to launch SME lending products as well