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    Category creator Beardo's Rs 350 Cr exit story built with Rs 3 Cr investment

    Exits for investors and founders are hard to come by in the Indian startup ecosystem, and complete exits are very rare. But the men's grooming brand Beardo has just managed the feat, offering full exit to its founders and backers within five years of its inception. Marico had acquired a 45% stake in Beardo in 2017 and recently the Mumbai-based firm bought the...

    • 14 hrs ago
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    The story of PrepLadder: From $625 investment to a $50 Mn acquisition in 3 years

    The acquisition of PrepLadder by Unacademy has brought to notice a company that has been under the radar for the last two years. Tucked away in Chandigarh, far from the bustle of Bengaluru's startup ecosystem, PrepLadder stayed away from everyone's gaze and built a platform that offers preparation material for medical PG and Foreign Medical Graduates...

    • 3 days ago
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    Mitron Tv bags Rs 2 Cr from 3One4 Capital and Lets Venture

    The ban on 59 Chinese apps has suddenly created an opportunity for many entrepreneurs to build desi TikTok, Vigo, UCWeb and SHAREit. All kinds of investors also have been expressing interest in funding such products. In a first such instance, TikTok's clone Mitron TV has raised Rs 2 crore from 3One4 Capital and Lets Venture Angel. Both investors have put in Rs 1 crore each in the...

    • a week ago
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    Aye Finance raises $27.5 Mn round led by CapitalG; valuation crosses $250 Mn

    Microlending platform Aye Finance has secured Rs 210 crore ($27.5 million) worth Series E funding round led by its existing backer CapitalG, Google's venture capital fund under its parent entity Alphabet Inc. The regulatory filings have reflected that the company has allotted 34,09,800 Series E preference shares for Rs 615.87 per share. Share prices have...

    • 2 weeks ago
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    Exclusive: Yulu's valuation soars to Rs 585 Cr; projects 10.7X topline jump in FY20

    Bicycle and electric scooter rental startup Yulu has announced raising Rs 30 crore in a fresh round led by Rocketship.VC. This is the second round of investment for the Bengaluru-based firm in the past eight months. It had raised $8 million from Bajaj Auto in November. Yulu has allotted 3,370 Series A2 CCPS for Rs 66,750 per share to raise Rs 22.5 crore from...

    • 2 weeks ago
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    Work from home could become the new normal at Indian startups

    Online used cars platform Spinny has taken a decision to allow 80% of its 500-strong workforce to work from home permanently, said a top company executive. This comes weeks after the lockdown has been lifted giving many office-goers the option to head back to their workplaces. According to its chief executive Niraj Singh, the sales, operations and customer support teams that form...

    • 3 weeks ago
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    Three years and $600 Mn later, is Paytm Mall back at the starting line?

    Even by Paytm's finely-honed standards ('go big or go home' is the line its founder is most remembered for), a recent statement by the now Bengaluru bound Paytm Mall's newly-minted COO, Abhishek Rajan was a startling one. "We would like to think of Paytm's e-commerce business as a Series A startup with $200 million cash in the bank, where key...

    • 4 weeks ago
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    Infibeam Avenues profit dips in FY20; net operating cash flow slumps by 92%

    Publicly-listed firm Infibeam Avenues (IA) had an eventful FY20 after it disinvested in its non-core business of e-commerce and sold the wholly-owned subsidiary "Infinium" to Ingenius E-commerce in January last year. It was looking forward to focusing on its payment processing business as well as enterprise software solution business which had been growing...

    • a month ago
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    TikTok retains its top position for most downloaded app in May; Aarogya Setu ranked 8th

    Popular short video sharing platform TikTok has retained its supremacy as the most downloaded app in the non-gaming category in May. The Bytedance-owned app has recorded 111.9 million downloads according to a Sensor Tower report which provides market intelligence and analytics for mobile apps. According to the report, video conferencing app Zoom, which was...

    • a month ago
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    Wedding startups adapt as couples look at scaled down ceremonies

    As lockdown relaxations take place across the country, online wedding startups are looking at different ways to salvage and make the best of the remaining auspicious wedding dates. Several wedding planning startups including ShaadiSaga and The Wedding Brigade have come up with different versions of what an Indian wedding could look like during a pandemic and have started helping...

    • a month ago

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