Last fortnight, MX Player raised a $100MM, adding more firepower to fight in the fast-growing OTT market.
Last fortnight, Zivame raised a venture debt round as part of its $50MM financing to help get it to profitability.
What the Economy Wears
Innerwear sales are found to one of the most accurate leading indicators of the health of the economy.
Last fortnight, DailyHunt was in the midst of closing its $30MM+ funding round to take it north of a $500MM valuation.
Last fortnight, finance minister Ms. Nirmala Sitharaman claimed that millenials using Uber and Ola are the reason for the slowdown of the auto economy, resulting in many supporters and many memes.
Shuttl and Bounce, Baby
“Bhaiya, diesel ka bhaada dene jitna nahi kama raha din mein” said a cab driver to me last week.
Last fortnight, fintech upstart CRED raised $120MM, within a year of its launch.
Many venture capitalists will tell you that they would rather invest in repeat founders as opposed to first-time ones.
That may strike you as surprisingly risk-averse for the risky VC business, but it is because of the trust that comes with someone who has grown a company before.
Kunal Shah, who now literally builds trust, fits perfectly into this category.
Last fortnight, Dunzo was in conversations to raise $100MM, bringing it closer to Dunzo everything and become a unicorn.
Last fortnight, online insurance platform PolicyBazaar was looking to raise $300MM at a $1.5Bn valuation.
In 1996, Yashish Dahiya opted out of IIM Ahmedabad’s campus placements to give home tuitions.
He realised that tuitions would earn him a higher salary compared to a job for just 2 hours of work each day.
Last week, entertainment ticketing platform BookMyShow was looking to raise $100MM, vaulting it to a unicorn valued at $1.1Bn.
Last week, online eyewear upstart Lenskart was reported to be raising $350MM, propelling it to unicorn-dom.
After 4 years in the US for his undergraduate studies and a stint at Microsoft, PeyushBansal had an idea of starting a new business in India.
The startup would search for college-related needs on a listings portal.