Tag: Tracxn

Here’s how Chinese investors are helping Indian start-ups

The first time iXigo Founder Aloke Bajpai pitched to Fosun Kinzon Capital, the venture capital arm of Chinese conglomerate Fosun, it was through an interpreter. He was uncomfortable with the language barrier — a major factor that impedes the intermingling of the start-up ecosystems of the two nei…

Why Indian start-ups are ready for a reboot in FY18

Even as the Indian startup ecosystem has seen declining investments, layoffs and shutdowns since last few months, the next fiscal will see fundamental changes and emergence of leaner ventures, says a white paper by Noida-based VC firm advantEdge Partners. “The conditions are ripe for a reboot of …

Fintech start-up Perpule raises $650K from Kstart Capital

Fintech startup Perpule raises $650,000 of seed funding from Kstart Capital which is a Kalaari Capital initiative. The funding round was also participated by Venture Highway and G Raghunandan, co-founder of TaxiForSure. The startup will use their freshly raised funds in product development, to hi…

Sebi taking a fresh look at crowdfunding norms

Mumbai: The Securities and Exchange Board of India (Sebi) is taking a fresh look at setting up a regulatory framework for crowdfunding, said two people aware of the development. Sebi’s proposals include introducing a minimum net worth criteria for investors to be eligible to invest in start-ups t…

Indian start-ups should focus on sustainability, stop chasing Unicorn tag

The next company that is being greenlighted to enter the prestigious Unicorn club of startups is Oyo Rooms, a SoftBank-backed budget hotel aggregator. Founded by 21-year-old Ritesh Agarwal in 2015, the company is reportedly in talks with the Japanese SoftBank to raise about US $300-500 million. I…

Start-up funding deals decline by 50% in January, 2017

The year 2017 has started with a cautious mood amongst investors in the Indian startup ecoystem. Last month, barely USD 173 million worth of investments took place in Indian startups compared to over twice that number in the same period, a year ago. According to the data, shared by research firm …