Zomato, Paytm and Nykaa shares fall sharply amid heavy tech sell off

Stocks of listed startups and new age internet companies have been witnessing heavy sell off since last week. But the Monday morning trade proved to be too brutal especially for the high-profile listed startups Zomato, Paytm and Nykaa. All these stocks are currently trading way below their listing price, with Zomato currently trading below Rs…

ByGirish ShettiJanuary 24, 20220Comments

News

Elevation Capital Promotes Mukul Arora to Co-Managing partner, will co-head the VC firm

Early stage investor Elevation Capital (formerly known as Saif Partners) announced on Tuesday that it has promoted its partner Mukul Arora to the position of co-managing partner. Arora will now co-lead the VC firm along with Ravi Adusumalli, who also holds the position of co-managing partner at the firm. Elevation Capital made the news…

ByGirish ShettiJanuary 11, 20220Comments

Acquisitions

Blume backed health startup BeatO acquires Pune based Novique

Health startup BeatO announced on Thursday that it has acquired Pune-based Novique Health for an undisclosed amount. Following this acquisition, BeatO said it will be able to augment its services of combating diabetes through clinically proven management, reduction, and reversal of diabetes. It will achieve this by addressing the condition’s root cause, the company said…

ByGirish ShettiSeptember 9, 20210Comments

Funding News

Sales Engagement Platform Upscale Raises $250K in Seed Funding Round

Sales Engagement Platform Upscale announced on Wednesday that it has secured funding of $250K in a pre-seed funding round. The round was led by Powerhouse Ventures, Java Capital, and GSF Accelerator. The company has said that it will leverage the funds to expand its market reach and bring unparalleled automation to the B2B sales industry through…

ByGirish ShettiApril 14, 20210Comments

News

(Updated) Vahan claims it provided over 1 lakh jobs to Blue collar professionals Via WhatsApp

Vahan, an artificial intelligence enabled platform that provides blue collar jobs via WhatsApp, on Friday announced that it has reached an important milestone of providing employment opportunities to over 1 lakh blue-collared professionals. The Y Combinator-backed startup provided these job opportunities through its WhatsApp API enabled Chabot solution called Mitra. With this milestone, Vahan has registered…

ByGirish ShettiMarch 5, 20210Comments

News

Former Godrej Consumer Biz Head ViVek Gambhir is Boat’s new CEO

Made in India technology brand Boat has hired ViVek Gambhir, one of the most successful Indian corporate veterans, as its new CEO. Gambhir’s previous job was a seven-year-old stint with Godrej Consumer, a company that he managed to turn around with his stewardship and business acumen. Gambhir had left Godrej in September 2020. Boat Logo Gambhir was…

ByGirish ShettiFebruary 19, 20210Comments

News

Chicago based Creation Investments launches debt fund in India

Creation Investments Capital Management, a Chicago based alternative asset manager and leading impact investor, has launched its first ever debt fund in India. Its maiden fund will be exclusively focus on providing debt financing to non-bank financial companies or NBFCs. It offer debt funding to NBFCs that are especially focused on areas such as micro-lending,…

ByGirish ShettiFebruary 17, 20210Comments

Funding News

Video Commerce Platform Kiko Tv Scoops Up Pre-series A Funding

Kiko TV, which helps consumers to buy products through shoppable videos, has just raised an undisclosed amount of funding in a pre-series A round. US venture capital fund SOSV spearheaded the funding round. The company said that that the round is still open and few other investors are expected to co-invest in the round. However, the…

ByGirish ShettiJanuary 25, 20210Comments

News

After a mega series B round, Wakefit.co offers ESOPs worth INR 15 Cr

Wakefit.co, India’s leading D2C brand in the sleep and home-solutions space, announced on Friday that it is all set to offer its employees an Employee Stock Ownership Plan (ESOP) buyback option. The ESOP buyback will be worth INR 15 crore and will help Wakefit.co’s 15-20 employees in creating substantial wealth. Ankit Garg, Co-founder & CEO Wakefit The…

ByGirish ShettiJanuary 22, 20210Comments

News

YoloBus clocks Rs 4 Cr loss & earns Rs 3.5 Cr revenue in Fy20

Gurugram headquartered inter-city bus service startup YoloBus has clocked approximately INR 4 Cr loss in the FY20. According to the regulatory filings, the company’s exact loss amount stands at Rs 40,759,968. The company’s revenue for the same financial year stood at approximately Rs 3.5 Cr, with the regulatory filing showing that the exact revenue amount…

ByGirish ShettiJanuary 13, 20210Comments

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