India_Startups - Filter Coffee

boAt sailing to an IPO 🤙

What happened — boAt, the homebrewed consumer electronics brands, filed its docs with SEBI to raise $266 million [https://techcrunch.com/2022/01/26/boat-ipo-india/] from public investors — at a $1.5 billion valuation, joining a sizzling roster of companies lining up for an early 2022 show! boAt flipped atleast a

India_Startups

Good Glamm acquisition machine 🔥

What’s poppin’ — Good Glamm Group, which is building a content led ecommerce empire, made it’s 7th acquisition over the past year [https://economictimes.indiatimes.com/tech/startups/good-glamm-group-buys-majority-stake-in-organic-harvest-in-all-cash-deal/articleshow/89078495.cms] , buying a personal care and beauty brand, Organic Harvest. Organic Harvest [https://www.organicharvest.in/] makes toxin

India_Startups

ICYMI — all that happened in Indian Startups this week 🦄

— this post was published by Nia Carnelio [https://twitter.com/sleepyhollowkid], for Filter Coffee. [https://www.filtercoffee.co/] -------------------------------------------------------------------------------- We know you’re busy, so let’s get straight to the point. Here’s all that went down in the Indian startup ecosystem in the last two weeks — massive funding

India_Startups

Zomato earnings had a few surprises

Zomato had its first ever investor [https://techcrunch.com/2021/08/10/zomato-losses-widen-in-first-quarterly-earnings-since-ipo/] date as a public entity yesterday — and its wasn’t all that cheerful. Revenues bounced a solid, but losses widened too. Quick look at numbers: * Total order volumes of $605 million, 37% sequential growth * 100 million food

India_Startups

Pagarbook feels the jitters - laid off 80 folks 😬

What happened — PagarBook, an employee payroll and attendance management system, is apparently laying off nearly 80 employees — as growth fails [https://www.moneycontrol.com/news/business/startup/exclusive-pagarbook-lays-off-over-80-employees-amid-startup-boom-7221091.html] to catch up while coffers run dry. Founded less than 2 years ago, the startup [https://pagarbook.com/] basically helps SMEs

India_News

India may soon get a new Airline ✈️

What’s poppin’— ET reports [https://www.moneycontrol.com/news/business/rakesh-jhunjhunwala-to-back-new-low-cost-airline-may-own-upto-40-percent-stake-report-7157111.html] that a new low-cost nationwide airline is in the making, kicked off by a bunch of ex-aviation sector executives, backed by dollars from billionaire investor Rakesh Jhunjunwala. Details remain scant, but Jhunjunwala plans on owning about 40%

India_Startups

All Indian startups that made unicorn in 2021 🦄

2020 was a pivotal year for the Indian venture ecosystem. Pandemic-frozen Indian economy leaned heavily on digitization for survival. Startups from food delivery, payments, ecommerce to gaming, and media saw ungodly enthusiasm — packing half a decade’s worth of growth within a year's time. As the waves calmed a bit,

India_Startups

Pine Labs raised a mammoth round 💪

GiphyMulti-hundred million fundraisers don’t happen everyday. Payment processor Pine Labs raised $600 million, at a valuation of $3 billion [https://techcrunch.com/2021/07/05/merchant-commerce-asian-giant-pine-labs-raises-600-million/] from a host of late stage, gold standard investors — including Fidelity, BlackRock, IIFL, Temasek, and others. When digitization picked pace, India’s bulk

India_Startups

Hottest startup in India has an Old School name 💁‍♀️

Tata finally moved on 1mg, buying out 55% stake [https://techcrunch.com/2021/06/09/tata-digital-to-acquire-majority-stake-in-online-pharmacy-1mg/] in the online pharmacy, valuing it at about $450 million. This would be Tata’s 3rd major attempt to acquire some hot property on India’s venture block (after Curefit, and Big Basket)—all

Tech

PayTM has a serious profit problem🤕

IPO-bound Paytm dropped its annual report [https://www.bloombergquint.com/business/paytm-reports-rs-1701-crore-loss-for-fy21] over the weekend—and honestly, we wish there were any bright spots to be excited about. Numbers suggest revenues actually declined during the COVID year, and profitability is a distant ask at this point. Meanwhile, emerging categories such

India_Startups

Tiger wants the yellow bird 🐤

Less than 24 hours after the Twitter shakedown, Tiger Global has now led a $30 million [https://techcrunch.com/2021/05/25/tiger-global-koo-app-twitter/] Series B round in Twitter’s desi clone, Koo [https://www.kooapp.com/], alongside Mirae Asset, IIFL, and Blume Ventures, valuing the company at $100 million. The