This Domino’s delivery boy went on to launch a multi-crore cake brand by selling wife’s jewellery – now has 15 outlets across India

There’s something extremely special about rags-to-riches stories. In most of them, one man/woman decides to stop being the victim of their circumstances and moves forward with tunnel vision. Rising from the dust and becoming self-made is not just about money – it is the perseverance that inspires us. This is about Sunil Vashisht, a small-town […]

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Does the ‘valuation’ debate confuse you? Here’s a short guide to help you understand the jargon around startup valuation.

In the past few years, India has become a lucrative space for startup investments and many reputed startups have also released their IPOs (Initial Public Offerings) and have thus hit the public market in doing so.  All these firms and IPOs were backed by investors from across the board. However, the stock pricing of these […]

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Bhopal-based Clean Electric raises $2.2 million in seed funding led by Climate Angels and Kalaari

A seed round headed by Climate Angels and the Bengaluru-based venture capital firm Kalaari Capital nets Clean Electric, a startup offering energy storage solutions, $2.2 million. Along with LV Fund, 7 Square Ventures, and CIIE Regional Innovation Foundation, other investors in the round included them. Expanding its R&D, sales, and operations teams, Clean Electric intends […]

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Covvalent raises $4.3M from Nexus Venture Partners and other investors

Covvalent, a platform for specialty chemicals, raises $4.3 million in a seed round that was co-led by Nexus Venture Partners. The round included notable angel investors and founders like Vishal Chaudhary (Co-founder, Zetwerk), Ramakant Sharma (Founder, Livspace), Rajesh Yabaji (Founder, BlackBuck), Rehan Khan (MD, MSD India Region), Jawaid Iqbal, Anubhav and Ankit Singh (Co-founders, Rupifi), […]

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Prodo raises $1 million in seed funding led by Infection Point Ventures

Prodo, a startup specialising in on-demand manufacturing, raises a $1 million seed investment.  The funding round was led by Inflection Point Ventures, with participation from Titan Capital, LetsVenture, and Dholakia Ventures. Prodo was founded by Sameen Husain and Abhiroop Srivastava in May 2021. This startup is a platform for on-demand production and purchasing. It aids […]

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This Delhi-based mom-daughter-in-law duo’s love for Bihari food ended up owning Bihari Cloud Kitchen, which now earns Rs 4 lakh every month

Through their cloud kitchen, The Chhaunk, Hiranyamayi Shivani and her daughter-in-law Manjari Singh from Delhi prepare and market delicacies from Bihar. During the period of lockdown brought on by the pandemic, many people created their businesses. A similar train of thought was shared by Manjari Singh and her mother-in-law Hiranyamayi Shivani of Delhi. The duo, […]

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Gurugram based healthtech brand Healthkart raises over $65 Mn led by Temasek

HealthKart, an omnichannel health tech platform, raises Rs 536.52 crore, or around $66 million, in a Series H round that was led by Temasek and included A91 Partners. This is the company’s initial investment round for 2022, with its headquarters in Gurugram. According to a regulatory filing with the Registrar of Companies, the board at […]

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Bangalore-based PhonePe’s revenue increases 2.4X in FY22, while its outstanding losses surpass $1 Bn

The unified payment interface, or UPI, the ecosystem has seen the rise of Walmart-owned PhonePe, which routinely dominates in terms of volume and value. Its scale, which more than doubled to reach Rs 1,646 crore during FY22, further demonstrates its dominance in UPI payments. However, even if more slowly, the number of unpaid losses has […]

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GoMechanic revenue approaches Rs 100 Cr in FY22, while losses quadruple

The number of Indians using online platforms to get car maintenance and repairs increased, which led to a rise in revenue for the businesses offering these services. For instance, the multi-brand vehicle workshop and spare parts platform GoMechanic had a 2.7x increase in income in FY22 compared to the prior fiscal year, coming close to […]

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Motovolt Mobility raises $1.9 million, or Rs 16 crore, in a pre-series A investment that was backed by Wami Capital

E-mobility startup Motovolt Mobility raises $1.9 million, or Rs 16 crore, in a pre-series A investment that was backed by Wami Capital. The D2C firm Pee Safe’s creator, Vikas Bagaria, also contributed to the funding round. The money raised will be used largely to launch new products, launch marketing campaigns, and expand Motovolt’s distribution network […]

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