Can Ather Be India’s Tesla?

Last week, homegrown electric scooter startup Ather Energy raised $51MM in to help transform last mile transportation. 

Battery of Dreams

Far from the slick scooter that the company has today, Ather had humble beginnings in the incubator of IIT Madras. 

Started by IIT Madras alumni Tarun Mehta and Swapnil Jain in 2013, the duo returned to their institute’s incubator to develop a battery pack.

WTF is Venture Capital?

Last week, Nexus Venture Partners began raising its $420MM fund and Endiya Partners raised $40MM, in a hectic fundraising year for VC funds. 

Children of War

The origins of venture capital go way back to the mid-1950s when an American research organization American Research and Development Corporation began investing small amounts in private companies. 

The goal of the ARDC was to finance post-war veteran companies, as soldiers would look for other means of employment after the end of the World War. 

While one may even qualify the financing of Christopher Columbus’ expedition by the King and Queen of Spain as “venture capital” (adventure capital?), professional VC would begin in earnest on the East Coast of the US.

Is FinTech InCred Really Incredible?

Last week, fintech enabled lending firm InCred raised $100MM, marking a sizable Series A for a company that is 3 years old. 

Big Bank Bucks

Looking to setup education loan lender SoFi’s equivalent in India, ex Deutsche Bank banker Bhupinder Singh quit his job to setup InCred. 

Like most startup founders, Mr Singh set out to disrupt an already existing market (education loans) with technology (data-driven creditworthiness).

Why Scooter Rentals is Hot

Last week, scooter rental company Bounce raised $3MM in debt, taking its total fundraising to $25MM, hot on the heels of Ola’s $100MM capital deployment into Bounce’s competitor Vogo. 

Surprising Scooter Statistics

India is a densely populated country, and given the limitations of space, roads obey the same laws of density. 

India’s road network is one of the densest per square km in the world, standing at 1.70km of road per square km of land, more than China and the US (surprised?).