Semi-Annual Factsheet of Indian startups in 2020 – (January to June)

Stung badly by coronavirus pandemic, the last six months of the year 2020 has turned out to be one of the most challenging periods not only for the Indian startups but also for the entire global economy. But to decode just how Indian startups fared during these six months including in the last three months…

ByGirish ShettiJuly 11, 20200Comments

News

Zomato’s Revenue grows by 105% to reach $394 Mn in FY20

Gurugram based foodtech major Zomato on Friday disclosed that its revenue earnings for the financial year ended March 2020. The Ant Financial backed company said that its revenue grew by 105% to reach $394 Mn and assured its investors that the company is well on its way to improve its monthly revenue by 60% in…

ByGirish ShettiJuly 10, 20200Comments

News

Exclusive: Khatabook sees greenshoots and recovery in the post lockdown phase

Fintech startup Khatabook, which helps small kirana stores to record their financial transaction digitally through their Android app, claims that it is witnessing greenshoots and recovery in the post lockdown phase. Citing a comprehensive data collected by Khatabook, Khatabook’s co-founder and CEO Ravish Naresh said on his twitter account that Dau (daily active users) and…

ByGirish ShettiJuly 10, 20200Comments

News

Exclusive: Furlenco enters bike rental space, Collaborates with Bounce

Bengaluru based online furniture rental startup Furlenco has entered bike rental space. The company has tied up with bike rental startup Bounce for this new venture. Furlenco’s two-wheeler rental service – Bounce sooty - will be available across all the cities where the company is currently offering online furniture services. This includes Bengaluru, Mumbai, Pune,…

ByGirish ShettiJuly 8, 20200Comments

Acquisitions

Unacademy acquires Online medical education platform PrepLadder

Unacademy has acquired online medical education platform PrepLadder for $50 Mn. Unacademy’s co-founder-CEO Gaurav Munjal has also confirmed the news on his official Twitter account. Based in Chandigarh, PrepLadder helps students prepare for higher medical examinations. The startup is barely two year old and reportedly employs 150 employees. PrepLadder has till date never raised an external…

ByGirish ShettiJuly 7, 20200Comments

News

After getting banned in India, TikTok exits Hong kong market

Barely weeks after getting banned in India, TikTok on late Monday evening announced that it is exiting the Hong kong market. TikTok’s parent company Bytedance has been forced to take this tough decision in response to the tough security law that came into effect in Hong Kong since last week. TikTok has said to Reuters that…

ByGirish ShettiJuly 7, 20200Comments

News

1 Mg is planning to raise fresh fund through convertible debenture: Report

Online pharmacy startup 1 Mg is planning to raise fresh funds through debt route from existing investors, according to company’s latest regulatory filings that Techpluto’s team has duly accessed. After accessing the regulatory filings, Techpluto has learnt that 1 Mg has allotted 38,668 class 6 CCD (compulsory convertible debentures) to six existing investors at a…

ByGirish ShettiJuly 6, 20200Comments

Acquisitions

Paytm all set to Acquire 100% stake in insurance firm Raheja QBE

India’s financial services and digital payment company, Paytm, has acquired insurance firm Raheja QBE. The company has said that the latest acquisition will help the company in expanding its financial services and further consolidating its position in the financial services market. Much of the financial details of the acquisition deal have not been official disclosed. The…

ByGirish ShettiJuly 6, 20200Comments

News

Uber Permanently closes down its Mumbai Office: Report

U.S based ride hailing major Uber has pulled the shutters on its Mumbai office as part of its consolidation plan to close down 45 offices across the world. News network CNBC TV18 first reported the news. The company’s Mumbai office is reportedly located near the Kurla region, a bustling neighborhood in Eastern Mumbai. Image Source: Flickr Uber…

ByGirish ShettiJuly 3, 20200Comments

Funding News

Contactless retail tech player Gobbly grabs Seed Funding

Contactless retail tech player Gobbly has scooped up $500,000 in a seed funding round. Sauce.vc, an early stage consumer focused VC firm, spearheaded the round. No other investor participated in the funding round. Based in Gurugram, Gobbly is a mobile enabled contactless retail store that provides fresh produce of fruits and vegetables. The company claims that…

ByGirish ShettiJuly 3, 20200Comments

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