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Last week, B2B online listing platform IndiaMart had a $60MM IPO subscribed 36
times, a big first for an online Indian e-commerce player. To Be or Not to Be
After a few years of moving to the US, in 1995 Dinesh Agarwal got some interesting news from back home.
India was launching the Internet in 1995, and Mr.
Last week, payment solutions startup Razorpay raised
$75MM to deepen its neo-banking and lending product portfolio. Social Proof
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, real estate startup NoBroker raised
$51MM to bolster its push to capture the real estate brokerage market. Broking Bad
Amit Agarwal and Akhil Gupta, both engineers who were hunting for houses in Mumbai and Bangalore, had terrible
Last week, online eyewear upstart Lenskart was reported to be raising
$350MM, propelling it to unicorn-dom. Creating Valyoo
After 4 years in the US for his undergraduate studies and a stint at Microsoft, Peyush
Bansal had an idea of starting a new business in India.
The startup would search for college-related needs on a listings portal.
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
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.
Last week, BigBasket raised
$150MM to push for pole position in the hot Indian grocery space, resulting in the company becoming a unicorn. DotCom Bust?
Last week, Spa and Salon SaaS startup Zenoti raised
$50MM from Tiger Global, hot on marketing automation startup CleverTap’s $26MM and dental software CareStack‘s $16MM.
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).
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?).