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ParkMate co-founder Dhananjaya on Indian vs Chinese Startups
Inshorts
ยท
4m ago
Medial
Dhananjaya Bharadwaj, Co-founder of ParkMate, challenges the perception that Indian startups only build delivery apps. He highlights innovations like EV tech (Ola Electric), fintech (PayTM), and space tech (Skyroot), contrasting them with Chinaโs focus on consumer apps (Meituan, ByteDance) and betting platforms, sparking a debate on the real startup landscape.
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ParkMate raises $1.2 million to expand urban parking solutions
Inshorts
ยท
5m ago
Medial
Founded in 2021 by Dhananjaya Bharadwaj and Abhimanyu Singh, ParkMate simplifies urban parking with innovative solutions like valet services, FASTag ANPR systems, and SaaS for businesses. Despite challenges, it has secured $1.2 million funding and serves over 5.5 lakh users across major Indian cities, aiming for sustainable urban mobility expansion.
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Cactus Partners leads $1.2 Mn round in ParkMate
Entrackr
ยท
6m ago
Medial
Parking management platform ParkMate has raised $1.2 million in a funding round led by Cactus Partners, along with participation from existing investors like Venture Catalysts and the Marwah Group Family Office. The Noida-based company had previously raised $1.2 million from its existing investors. The proceeds will be used to expand its operations, boost the business development team, and accelerate innovation in cutting-edge parking solutions, ParkMate said in a press release. Co-founded in 2021 by Abhimanyu Singh and Dhananjaya Bharadwaj, ParkMate is a parking management solution designed to simplify the process of finding, reserving, and paying for parking spaces. It is often available as a mobile app or platform, providing users with real-time updates on parking availability in specific areas. According to ParkMate, it provides features such as GPS integration, cashless payments, and advanced parking and aims to reduce the hassle of parking in crowded urban environments. Additionally, it offers other services such as reminders for parking durations, secure access to private parking spaces, and eco-friendly initiatives like guiding users to spots that reduce fuel consumption. ParkMate says that its flagship service, DaSH (Drop & Shop), offers guaranteed parking at any location like shopping malls, office complexes, and entertainment hubs. It serves clients including industry giants such as DLF, Phoenix Malls, Indian Army, Ansals API, Unitech Group, Shalby Group, M3M, alongside strategic partnerships with the Uttar Pradesh and Telangana governments.
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ParkMate raises $1.2 Mn led by Cactus Partners
Entrackr
ยท
8m ago
Medial
Car parking solutions provider ParkMate has raised $1.2 million in a new round led by early growth-stage venture fund Cactus Partners. Existing backers such as Venture Catalysts and the Marwah Group Family Office have also participated in the round. According to ParkMate, the funds will be used to ramp up its growth trajectory, invest in its team to win business, streamline its operations, and continue to innovate new solutions. Founded by Dhananjaya Bharadwaj, ParkMate offers smart parking solutions to shopping malls, office complexes, and Hotels in the corporate segment and to parking contractors for government parking spaces. The firmโs exclusive DaSH (Drop & Shop) service claims parking within 2 minutes for car owners at shopping malls, arcades, and business complexes. It counts as DLF, Phoenix Mills, Fun Republic, the UP, and Telangana Governments. Smart cities are another sizeable market for ParkMate. It directly competes with Park+, Get My Parking, Park Smart, and Parky, among others. Park+ is the largest player in this segment. In June, the company ventured into the on-demand driver services segment with Drive+, positioning it as a potential competitor to DriveU, Drivers4Me, Driverzz, PickMyCar, Namma Driver, and Cars24. This marks the eighth investment by Cactus Partners since January 2021. The firm has invested in companies such as Lohum Cleantech, Kapture CX, Vitraya Technologies, AMPM Fashions, Auric, Indigrid Technology, and Rubix Data Sciences (exited).
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Piyush Goyalโs 'India vs Chinese' Start-Ups Remark Sparks Backlash from Ashneer Grover, Others
OutlookIndia
ยท
4m ago
Medial
Union Minister Piyush Goyal's critical remarks about Indian start-ups at 'Startup Mahakumbh 2025' sparked backlash from industry leaders like Ashneer Grover and Mohandas Pai. Goyal criticized Indian startups for focusing on service-based models rather than deep tech, contrasting them with Chinese advancements. Industry leaders defended the current start-up ecosystem, highlighting its achievements and questioning the government's support. They argued that criticism should focus on constructive growth rather than belittling efforts.
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'Founders Are Heros, Not Dukaandars': Sanjeev Bhikchandani Joins 'Piyush Goyal vs Indian Start-Ups' Debate
OutlookIndia
ยท
4m ago
Medial
Info Edge founder Sanjeev Bikhchandani has criticized Union Minister Piyush Goyal's negative comments on Indian start-ups, calling them "untrue" and "unfounded." Bikhchandani emphasized the risks and contributions of start-up founders, asserting they deserve respect. Goyal's remarks, which compared Indian and Chinese businesses, have sparked industry backlash. Leaders like Ashneer Grover and Mohandas Pai defended the entrepreneurial ecosystem and sought government support. A start-up helpline was announced for complaints and suggestions.
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Only 22% of unicorns were started by solopreneurs in last decade: PrivateCircle
Economic Times
ยท
1y ago
Medial
According to PrivateCircle Research, 22% of Indian unicorns in the last decade were started by solopreneurs, while the rest had two or more co-founders. Fintech unicorns were the most common among solopreneur-led startups. Bengaluru was the preferred location for solopreneur-led startups. However, startups with co-founders had a higher success rate, with higher average revenue and more funds raised. Some solopreneur-led unicorns managed to raise large funding rounds and launch successful IPOs. The choice between solo and co-founder startups depends on individual temperament, goals, and venture dynamics.
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Aman Gupta urges Indian startups to focus on compliance
Inshorts
ยท
3m ago
Medial
Co-founder of boAt, Aman Gupta responded to the BluSmart crisis, emphasizing the need for compliance, ethics, and transparency in startups. Highlighting the emotional and financial impact, he stressed that clean governance builds sustainable businesses. Gupta encouraged the Indian startup ecosystem to focus not just on rapid growth but also on responsible and ethical foundations.
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Zerodhaโs Rainmatter invests Rs 275 crore in 2024 with major focus on climate, health
Economic Times
ยท
7m ago
Medial
Zerodha's Rainmatter invested Rs 275 crore in 47 startups last year, focusing primarily on climate and health sectors. While traditionally leading in fintech investments, the firm supported 15 climate and 16 health startups in 2024, signifying a shift towards these emerging trends. Co-founder Nithin Kamath emphasized climate and health as future megatrends, aiming to support initiatives enhancing Indian health and planetary livability. Since 2016, Rainmatter has invested approximately Rs 700 crore in over 100 startups.
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Flipkart co-founder Binny Bansal invests in public markets fund
VCCircle
ยท
1y ago
Medial
Flipkart co-founder and billionaire Binny Bansal has made an investment in an alternative investment fund that focuses on publicly listed Indian companies. Since his exit from Flipkart in 2018, Bansal has been actively investing in startups and launching new ventures. His latest investment in the public markets fund showcases his interest in diversifying his investment portfolio.
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Sanjeev Bikhchandani hits back at startup critics: 'Founders take a risk'
Business Today
ยท
4m ago
Medial
Sanjeev Bikhchandani, founder of Info Edge, defended Indian startups against Suhel Seth's criticism, which labeled 80% of them as a "racket." Bikhchandani asserted that this claim is untrue and unfounded. He highlighted the significant $15 billion investment by Masa Son and SoftBank in India. While Piyush Goyal expressed concerns about the focus on low-value gig work over deep-tech innovation, Suhel Seth further challenged statements made by Zepto co-founder Aadit Palicha.
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