Startup

Big Basket is not the only big name in the startup ecosystem to have raised fund from venture debt firm. The company follows firms such as Paper Boat, Urban Ladder, Practo, Myntra, Snapdeal and Oyo which have raised money from venture debt funds such as Trifecta and Innoven Capital. … [Read more...] about India’s startup ecosystem in a correction mode: Trifecta Capital

He also said that credit guarantee is a major problem for availing credit for startups, so the department is working on an initiative, which will give some sort of credit guarantee to startups when they approach lending institutions for either working capital or capex requirement. … [Read more...] about DPIIT, revenue dept weigh options for more tax relaxations to startups: Official

Vedantu has been raising funds frequently, particularly in the past one year. Its investors include Tiger Global Management, VC firm Accel, Omidyar Network, private equity firm Westbridge Capital and GGV Capital. Chinese fund Legend Capital and The Advanced Learning (TAL Group), a Chinese ed-tech firm, are also investors in the company. … [Read more...] about Exclusive: Edtech startup Vedantu to raise $100 million, double valuation to $600 million in just 3 months

It’s definitely a challenging time to feel optimistic. There’s very little control or certainty. We’ve been trying to move quickly in terms of how we adapt. The demo day that we had in March is a good example. We were really apprehensive about it because we were hosting it online and there was a question of whether it would just fall flat, whether this batch of startups would lose momentum. But I actually liked it better than the in-person demo days because a lot more people could attend and it was very focused on the company pitches. We created this private Slack community for the investors, and there was a lot of interaction. We’re still seeing what the ultimate results are in terms of how many companies raise money, but our team has mentioned to me that founders saw up to five times more follow-up in terms of meetings. It also enabled investors from other markets to attend because we posted it online afterwards. Even post-COVID, I’d love to continue … [Read more...] about How COVID-19 has changed investing, according to VCs at Sequoia, Insight, Forerunner, 500 Startups, and more

"The new mindset does not want to own many of these things, especially the expensive, complicated items. Renting anything which is cheap such as clothes, I don't know whether it will work or not. But anything which is complicated and expensive -- house, car, furniture, appliances etc. They will become a completely rental model ...," said Karimpana. … [Read more...] about Why this H1-B visa holder decided to start a furniture rental company