Last fortnight, MX Player raised a $100MM, adding more firepower to fight in the fast-growing OTT market.
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 week, payment solutions startup Razorpay raised $75MM to deepen its neo-banking and lending product portfolio.
Shashank Kumar and Harshil Mathur, batchmates from engineering, decided to quit their post campus jobs to start something of their own.
The year was 2014, and the Indian startup ecosystem had begun to roar.
Last week, Walmart-Flipkart announced PhonePe’s hiving off, allowing PhonePe to raise up to $1Bn of external capital.
Acquiring your Acqui-Hire
After spending 4 years at Flipkart, senior executives Sameer Nigam and Rahul Chari decided they would start off on their own again.
Last week, video streaming platform Hotstar raised $153MM, post which it launched a 365 INR VIP subscription plan.
Parent as a Powerhouse
Star India has been a dominant force in the Indian entertainment space for nearly 3 decades.
Last week, Ola raised $100MM from Flipkart co-founder Sachin Bansal as part of its $1Bn raise for expanding into new verticals and geographies.
Last week, agri-produce marketing platform NinjaCart raised $40MM to deepen its distribution and supply network.
Lessons from civics in school have ingrained (pun) how important agriculture is to the Indian economy.
Last week, CapitalFloat was reported to be in talks to raise $150MM for getting deeper into the SME market in India.
Small to Medium size enterprises are the cornerstone of the Indian economy.