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News on Medial
The Unicorn Club: Founders Behind Multiple Billion-Dollar Ventures
StartupTalky
·
1y ago
Medial
This article highlights the success stories of several Indian entrepreneurs who have founded multiple unicorn startups. These individuals have demonstrated remarkable vision, determination, and innovation in their respective fields, leading to the rapid growth and valuation of their companies. Some of the notable entrepreneurs mentioned include Bhavish Aggarwal (founder of Ola Cabs and Ola Electric), Amitava Saha (co-founder of FirstCry and CEO of Xpressbees), Supam Maheshwari (CEO of FirstCry), Naveen Tewari (founder of InMobi), Asish Mohapatra (CEO of OFB Tech Pvt. Ltd), Ruchi Kalra (co-founder of OFB Tech Pvt. Ltd and Oxyzo Financial Services), Sandeep Aggarwal (founder of Droom Technologies and Shopclues), and Vijay Shekhar Sharma (founder & CEO of One97 and Paytm). With their remarkable achievements, these entrepreneurs have not only made a significant impact in the business landscape but also serve as inspiration for aspiring entrepreneurs.
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Founderful Raises $85M for Fund II
Finsmes
·
1y ago
Medial
Zurich-based venture capital firm Wingman Ventures has rebranded as Founderful and secured $85 million for its new fund, with a target of reaching $120 million in total. The fund, known as Founderful II, is backed by various institutions, family offices, and successful startup founders. Notable investors include those behind unicorn companies such as Duolingo, Climeworks, GetYourGuide, Delivery Hero, and Scandit.
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Unicorn Club Of 2024: 6 Startups Crossed $1 Bn Valuation Mark
Inc42
·
8m ago
Medial
India's unicorn count has reached 118 with the addition of six new startups in 2024. These startups, including Perfios and RateGain, have collectively raised over $100 billion in funding. MoneyView was the only fintech company to join the unicorn club this year. The majority of the new unicorns are based in Bengaluru, the country's leading startup hub.
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Six startups crossed $1 billion valuation mark in 2024
Inshorts
·
8m ago
Medial
After a brief lull in 2023, the Indian startup ecosystem regained its momentum and churned out unicorns in healthy numbers in 2024. While just two startups achieved the coveted status last year on account of the extended funding winter, as many as six new-age tech companies entered the billion-dollar valuation club in 2024.
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Ather Energy Eyes INR 4,500 Cr IPO, To File DRHP Next Week
Inc42
·
11m ago
Medial
Ather Energy is planning to raise $2.5 billion through its IPO, combining a fresh issue and an offer for sale. This move follows the successful IPO of its competitor, Ola Electric. Ather recently entered the unicorn club after securing $71 million from its existing investor, the National Investment and Infrastructure Fund, valuing the company at $1.3 billion.
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8 Indian startup founders who started up again in 2023
Inc42
·
1y ago
Medial
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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Separating fact from fiction: how many unicorns does India really have?
VCCircle
·
1y ago
Medial
Perfios, an Indian startup that provides SaaS solutions, recently joined the unicorn club by raising $80 million in funding. A unicorn is a company valued at $1 billion or more. This raises the question of how many unicorns India really has. While there are varying opinions on the actual number, India has seen a significant rise in the number of unicorns in recent years, indicating a growing startup ecosystem in the country.
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Eruditus In Talks To Raise $150 Mn At $2.3 Bn Valuation
Inc42
·
11m ago
Medial
Eruditus is in discussions to secure $150 million in funding from TPG at a potential valuation of $2.3 billion. This valuation is lower than their previous valuation of $3.2 billion in August 2021. The funding is contingent on Eruditus meeting certain performance targets, and if not met, their market capitalization could decrease to $1.8 billion. Eruditus offers professional upskilling courses and recently entered the unicorn club after raising $650 million from various investors.
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DaaS platform Swish Club raises $4.5 Mn in pre-Series A
Entrackr
·
5m ago
Medial
Devices-as-a-Service (DaaS) platform Swish Club has secured $4.5 million in a pre-Series A funding round, including $3.3 million in equity and $1.2 million in debt financing. The equity round was led by Powerhouse Ventures, along with participation from Blume Ventures, Founders Fund, Touchstone Ventures, Eternal Capital, and Atrium Ventures. The round also included other investors such as Livspace’s Anuj Srivastava, Ajit Reddy, Deb Dutt, and Tushar Patel. The Bengaluru-based company had previously raised $1.26 million from its existing investors and others. Founded in 2023 by Dushyant Sapre, Suraj Kumar, and Jai Anand, Swish Club is a one-stop solution for enterprise devices, end-point management, and security software. The platform handles the entire lifecycle of a device, from sourcing, configuration, administration, security, and safe returns to upgrades. According to Swish Club, DaaS also allows enterprises and their employees to choose their preferred laptops and smartphones from manufacturers like Apple, Samsung, HP, Dell, and Lenovo and partners with more than 125 enterprises. Swish Club claims to have onboarded over 125 enterprise clients, including Max Life Insurance, Bennett and Coleman, HDFC Life Insurance, PepsiCo, Informatica, Philips, GMR, RPG Group, Landmark Group, and Zensar, as well as startups such as Whatfix, Zetwerk, Meesho, Plum, Allen, Porter, Bold Care, FamPay, Zolvit, Qila Games, and Addverb. "Managing corporate devices is a complex, multi-step process involving procurement, financing, asset management, and eventual recycling. Each step requires different vendors, leading to cost implications, lack of transparency, and multiple back-and-forths. Swish Club is simplifying this with India’s first digital Device-as-a-Service (DaaS) platform, helping businesses remove these depreciating assets from their balance sheets and reduce IT costs from 10% to just 3% of total capex—all with just a few clicks through a dedicated platform," said Dushyant Sapre, CEO & Co-founder of Swish Club. Swish Club states that under its Device-as-a-Service (DaaS) solution, it has introduced India’s first digital platform for laptop rentals for enterprises and smartphone leasing for corporate employees. The enterprise device rental solution comes with four free pre-bundled software solutions: Asset Management Portal (AMP), Mobile Device Management (MDM), antivirus, and device cleaner. In India, Swish Club competes with unorganized players, while at the global level, it faces competition from companies such as Grover and Everphone.
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Exclusive: Ecom Express In Talks To Raise INR 350-400 Cr From Existing Investors
Inc42
·
1y ago
Medial
Ecom Express is nearing the final stages of discussions with investors Warburg Pincus, CDC Group, and Partners Group for a funding round that could value the logistics startup at over $1 billion. The funds will be used to strengthen reverse logistics and same-day delivery services. Ecom Express is set to become the latest addition to India's unicorn club.
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Temasek-backed OneCard raises bridge funding, adds new investor on cap table
VCCircle
·
8m ago
Medial
FPL Technologies Pvt Ltd, the company behind fintech unicorn OneCard, is raising $28.5 million in a bridge funding round. Better Tomorrow Ventures is a new investor in this round, joining existing investors Peak XV Partners and Z47. The funding brings OneCard's valuation to $1.4 billion. The company started as a digital credit score platform before launching its metal credit card in 2020. OneCard has raised over $350 million in funding since its founding in 2019. In the last fiscal year, the company's net losses increased to INR 406 crore ($54.7 million).
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