Over the last five years, consumer internet companies have grabbed most of the dollars but it’s the workhorse business-to business start-ups that are racking up revenues
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Tag: Karthik Reddy
Investors stay bullish on fintech bandwagon
Deal activity in the financial services technology (fintech) space continues to remain strong, with start-ups announcing a fund-raise every second week. Since 2012, investors have pumped about $2.35 billion (Rs 15,000 crore) into fintech firms in 325 deals, says data platform VCCEdge. The bulk we…
Xiaomi founder’s Shunwei Capital invests $5 mn in Indian gaming start-up
Mobile gaming is yet to take off in India like it has in China. But investors from across the border clearly see the potential for it in the world’s second-largest smartphone market. Shunwei Capital, founded by Xiaomi boss Lei Jun, today led a series An investment of $5 million along with Accel P…
Venture capital world preparing for a tough year; here’s why
On the face of it, things in India’s venture capital market look good. In a year of valuation markdowns and shuttering startups, venture capital firms managed to mop up a record amount of capital. Led by local affiliates of Silicon Valley heavyweights, Sequoia Capital and Accel, VC funds dedicate…
Online learning portal Unacademy raises Rs 30 cr in funding
Bengaluru: Unacademy, the online learning platform, has raised $4.5 million (approx. Rs 30 crores) in a Series A funding led by Nexus Venture Partners and existing investor Blume Ventures. Girish Mathrubootham, CEO of Freshdesk and Ananth Narayanan, CEO of Myntra along with Stanford Angels have a…
With $323 mn funding, 2016 a bumper year for ed-tech cos
The year 2016 has become a bonanza for the education sector, which has received investments of $323 million -surpassing the previous high of 2014 when ed-tech companies raised $223 million. At 26, the number of deals this year was also over three times more than last year’s $98 million (23 …
How start-up speak changed in 2016
The startup vocabulary of 2016 has been markedly different from the glory years of 2014 and 2015 when unicorns were born every other week, and sky-high valuations meant scale and size won over strategy and solid business models. This year as funds dried up, a number of promising startups of 2015 …
India ranks 3rd in tech start-up exits
A couple of years ago, there were worries that India wasn’t seeing too many exits of startups through mergers & acquisitions (M&As) or IPOs. But in the first six months of 2016, India saw the third highest tech startup exits, according to US startup database CB Insights. The US led …
Flipkart, Paytm fund $1 mn to Unacademy
Online learning platform Unacademy has raised $1 million in funding led by Blume Ventures, while entrepreneurs such as Flipkart Co-Founders Sachin and Binny Bansal, Paytm’s Vijay Shekhar Sharma and Freecharge’s Kunal Shah also participated in the round. This is the second round of institutional f…
Greytip raises Rs 35 crore from NEA & Blume Ventures
Greytip Software, a cloudbased HR and payroll processing company, has raised Rs 35 crore in a Series-B funding round from New Enterprise Associates (NEA) and Blume Ventures. Following this, Tarun Sharma, Managing Director — India, NEA and Karthik Reddy, managing partner, Blume Ventures, will join…