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8 Indian startup founders who started up again in 2023

Inc42 · 1y ago

8 Indian startup founders who started up again in 2023

The article discusses eight Indian startup founders who have started new ventures in 2023. It highlights the trend of entrepreneurs not sticking to one venture and instead starting multiple ventures. The article also mentions that investors tend to have more confidence in second and third-time founders. Examples of founders mentioned include Vivek Kapoor, Anshuman Kumar, Akhil Sikri, Rishabh Karwa, Nitin Rana, Jaynti Kanani, Bhanu Pratap Singh, and Farid Ahsan.

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Indian founders found investors’ corporate governance diktat ineffective, will 2024 see better guardrails?

Inc42 · 1y ago

Indian founders found investors’ corporate governance diktat ineffective, will 2024 see better guardrails?

Indian startups faced increased scrutiny in 2023 for lax corporate governance practices and lack of transparency. A survey of 400 founders revealed that 44% faced increased investor checks and balances. However, 54% of founders believed that the measures taken by investors were moderately or barely effective. Investor sentiment is expected to remain cautious in 2024, with a focus on founders who handle capital judiciously and have strong corporate governance safeguards. Despite concerns, an overall increase of approximately 36% in Indian startup funding is projected for 2024.

After A Difficult 2023, Majority Of Indian Founders Optimistic About Investor Sentiment In 2024

Inc42 · 1y ago

After A Difficult 2023, Majority Of Indian Founders Optimistic About Investor Sentiment In 2024

A majority of Indian founders are optimistic about investor sentiment in 2024, with 72% of them planning to raise funds this year. In 2023, the funding for Indian startups dropped by 60%, forcing many companies to seek venture debt or cut corners. However, 88% of the founders surveyed anticipate a positive shift in investor sentiment, while only 8% faced moderate difficulty in raising funds last year. Inc42 projects a 36% YoY increase in startup funding in 2024, with experts expecting capital deployment to improve in the latter half of the year.

AngelList expands into private equity with acquisition of fintech startup Nova

TechCrunch · 2y ago

AngelList expands into private equity with acquisition of fintech startup Nova

AngelList, an organization that started out by teaming up founders with early-stage investors, is expanding into the private equity space. And it’s acquired a Y Combinator-backed fintech startup in the industry to kickstart that effort. Read the article on the source link to know more-

Domestic IPO most preferred exit strategy for 73% startup founders: Innoven Capital

Economic Times

Economic Times · 5m ago

Domestic IPO most preferred exit strategy for 73% startup founders: Innoven Capital

A report by Innoven Capital reveals that 73% of Indian startup founders now prefer domestic IPOs as their exit strategy, up from 64% in 2023. Mergers and acquisitions are less favored, dropping to 19% in 2024. The funding environment improved, reaching $12 billion, with notable IPOs like Swiggy and Ola Electric. While profitability emphasis decreased, profitability rates rose. Hiring expectations increased, though gender diversity in leadership remains low. Founders anticipate better funding conditions in 2025.

Offline raises $2 million from a clutch of angel investors

Economic Times

Economic Times · 1y ago

Offline raises $2 million from a clutch of angel investors

Offline, a private members' community for tech founders and CEOs in India, has secured $2 million in funding from angel investors, including Lalit Keshre of Groww, Harshil Mathur and Shashank Kumar of Razorpay, and others. The platform, founded by Utsav Somani, former India head of AngelList, aims to create a close-knit community of startup founders who meet specific growth criteria, such as having raised $5 million, generated $5 million in revenue, or had a previous exit worth $10 million. Offline plans to curate monthly meetings with 6-8 founders, bringing in executive coaches and facilitators to add value to the discussions.

This ex-Infosys employee quit his US job, returned and co-founded a $3 billion startup

Business Today

Business Today · 1y ago

This ex-Infosys employee quit his US job, returned and co-founded a $3 billion startup

Ruchit Agarwal, one of the co-founders of CARS24, a popular online used car marketplace in India, shared his journey from being an employee at Infosys and Merrill Lynch to becoming a successful entrepreneur. Agarwal, who hails from Agra, started his career at Infosys and then pursued an MBA at Cornell University. After working with Merrill Lynch in New York, he returned to India and teamed up with co-founders Vikram Chopra, Mehul Agrawal, and Gajendra Jangid to launch CARS24. Since its establishment in 2015, the platform has grown to be valued at over $3 billion and has expanded to several other countries.

Startup Street mints new founder millionaires

Livemint

Livemint · 1y ago

Startup Street mints new founder millionaires

Indian startup founders Bhavish Aggarwal, Supam Maheshwari, and Kunal Bahl are set to list their companies on the Indian stock market, joining the ranks of founders who have created substantial wealth through IPOs. Aggarwal's stake in Ola Electric is estimated to be worth at least $1.1 billion, while Maheshwari's stake in FirstCry is valued at $151 million at the lower end of the price band. Bahl will not be selling his stake in Unicommerce but sees the listing as a significant milestone. The IPOs are expected to attract more founders and employees to the startup ecosystem.

Indian founders are quitting at a rapid pace

Inc42 · 1y ago

Indian founders are quitting at a rapid pace

Over 30 Indian startup founders and CEOs left their roles in 2023 amid challenges like the extended funding winter, economic pressures, and business restructuring. Notable exits include founders from Zomato, ShareChat, Teachmint, and ZestMoney, among others. Some stepped down for personal aspirations or to pursue new ventures, while others left amid governance issues. Second-time founders also contributed to the creation of new startups. The leadership changes reflect the dynamic landscape of India's startup ecosystem in response to evolving challenges.

VC fund to boost startup participation in space sector

Economic Times

Economic Times · 1y ago

VC fund to boost startup participation in space sector

The Indian government's proposal for a Rs 1,000 crore venture capital fund for the space economy has been welcomed by investors and founders. The fund aims to improve early-stage funding availability and boost startup participation in the sector. The Indian space economy is projected to reach $13 billion by 2025. The details on who will set up the fund and how the money will be invested have not been provided yet. The fund is expected to support the growth of the space economy, nurture an enabling ecosystem, and encourage the emergence of larger players in the space startup ecosystem.

Odisha Is Well-Poised To Foster 5,000+ Startups By 2025: Startup Odisha Chief Dr Omkar Rai

Inc42 · 1y ago

Odisha Is Well-Poised To Foster 5,000+ Startups By 2025: Startup Odisha Chief Dr Omkar Rai

Odisha aims to nurture over 5,000 startups by 2025, and to achieve this, Chief Minister Naveen Patnaik has launched the Odisha Startup Yatra 2023 and Startup Express 2023 initiatives. The state plans to organise van camps, boot camps, and acceleration programs to generate unique startup ideas and provide grants and incentives to founders. Odisha has been recognized as a top performer in the Indian startup ecosystem, with over 1,700 startups registered in the state. Dr. Omkar Rai, Executive Chairman of Startup Odisha, shares insights into the state's plans to become a premier startup hub.

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