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Entrepreneurship Updates: October 18 to 24.
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So, total ah 6,086 followers irukanga. We appreciate your support! ❤
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Indha vaaram mothama 31 Indian Startups funding raise pannirukanga. Ithula 29 disclosed deals and 2 undisclosed deals. Aaga motham 29 deals la $790 Million (~INR 5,925 Crores) namma Indian Startups raise pannirukanga. Ithula highest deal, PharmEasy - $350 Million (~INR 2,625 Crores)
TAMIL NADU - BASED STARTUPS
M2P Fintech
Last week Series C round la Tiger Global kita irundhu funding raise panna Chennai-based Fintech infrastructure provider aana M2P Fintech, Insight Partners kita irundhu more than $600 Million valuation ku funding raise panna pesitu irukanga.
Kovai.co
Coimbatore and Britain-based SaaS platform aana Kovai.co, seekarama Unicorn status reach aaga pogudhu nu founder Saravana Kumar solirukanga. Chennai madhiri Coimbatore ah SaaS hub ah mathanum nu solirukanga.
Netmeds
Chennai-based Reliance-owned e-pharmarcy platform aana Netmeds, subscription and wholesale services ah launch panirukanga.
ACQUISITIONS
Good Glamm Group and ScoopWhoop Media
Good Glamm Group (previously MyGlamm), new-age media startup ScoopWhoop Media ah all-cash deal la acquire panirukanga.
CRED and HipBar
Bengaluru-based credit card payment app aana CRED, Chennai- based alcohol payment and delivery startup HipBar ah acquire panna pesitu irukanga. Idhu CRED oda first acquisition.
Stripe and Recko
San Francisco-based fintech major Stripe, Bengaluru-based payments reconciliation company aana Recko ah acquire panna pesitu irukanga.
Nykaa and Dot & Key
Mumbai-based beauty centric online marketplace aana Nykaa, Kolkata-based homegrown skincare brand Dot & Key ah oru undisclosed amount ku acquire panirukanga.
Curefoods
Cult.fit ah operate panra Bengaluru-based cloud kitchen startup Curefoods, seven D2C food brands ah acquire panirukanga. 2021 end kulla total ah 25 brands ah onboard panna plan panitu irukura Curefoods, adhula 15 brands kooda letter of intent sign panitanga.
Scaler Academy and Coding Minutes
Bengaluru-based up-skilling EdTech startup Scaler Academy, Delhi-based coding learning online platform aana Coding Minutes ah all-cash deal la $1 million ku acquire panirukanga.
EaseMyTrip
Delhi-based online travel portal aana EaseMyTrip oda ‘non-air’ space la irundhu vara revenue 5% ah iruku. Idha increase panradhukaga ‘Non-Air’ businesses ah acquire panna poradha solirukanga.
Reliance Retail Ventures Ltd. And Milkbasket
Gurugram-based daily micro-delivery service provider aana Milkbasket oda 96.49% stake ah Reliance Retail Ventures Ltd. acquire panitanga.
GENERAL
PharmEasy
Mumbai-based e-pharmacy PharmEasy, $5.6 Billion valuation ku Pre-IPO round la $350 Million raise panirukanga.
Unacademy
Bengaluru-based EdTechstartupUnacademy, Gurugram-based online tuition platform Swiflearn ah $15-20 Million ku acquire pannapesituirukanga. IdhuUnacademyoda 11th acquisition.
Oppo
Chinese smart device brand aanaOppo, early-stage Indian startupsku mentorship provide panradhukagaOppo Elevate Program ndrastartup accelerator programme ah launch panirukanga. Oppooda current products oda technologies ah improve panradhuku helpful ah irukurastartups ah focus pannaporanga.
CityMall
Gurugram-based social commerce company aanaCityMall, Series C round la $300-350 Million valuation ku General Catalyst, Elevation, and Accelkitairundhu $70 Million funding raise pannapesituirukanga.
SaaSLabs
Delhi and US-based cloud startupSaaS Labs, Series A round la Base10 Partners, and Eight Roads Ventures kitairundhu $17 Million funding raise panirukanga.
AVIOM India Housing Finance
Ajmer-based micro-mortgage housing finance company aana AVIOM India Housing Finance, Series C round la Sabre Partners kitairundhu $8 Million funding raise panirukanga.
Power Global
US-based clean energy and mobility products startup Power Global, India la lithium-ion battery manufacturing unit and battery swapping infrastructure facilities ah set up panradhukaga $25 Million invest panirukanga.
CRED
Credit card payment app aana CRED, Series E round la Tiger Global, and Falcon Edge kitairundhu $4.01 Billion valuation ku $251 Million raise panirukanga.
ConveGenius
Noida-based EdTechstartupConveGenius, new investors aanaBAce Capital, Heritas Capital, and 3Lines Venture Capital kitairundhu $5 Million raise panirukaanga.
Onato
Fresh produce kaana data driven B2B AgritechstartupaanaOnato, Vertex Ventures kitairundhu $2.2 Million raise panirukanga.
Devnagri
Language translation engine aanaDevnagri, seed round la $600,000 raise panirukaanga. Indha platform la Neural Machine Translation ah Machine Learning oda combine pandranga.
Microsoft
US-based tech giant Microsoft, Microsoft AI Innovate ndra program ah launch panirukanga. India la ulla AI startups ah empower panradhukaga indha 10-week initiative ah launch panirukanga.
Foxconn
Apple devices maker aana Taiwan tech giant Foxconn, India la electric vehicles ah manufacture panna plan panitu irukanga.
CredAble
Mumbai-based supply chain finance startup CredAble, Series B round la Plutus Wealth Management LLP, and Oaks Asset Management kita irundhu $30 Million funding raise panirukanga.
Sun Mobility
Bengaluru-based electric vehicle energy infrastructure firm Sun Mobility, Dutch energy giant Vitol kita irundhu $50 Million funding raise panirukanga.
Dunzo
Bengaluru-based hyper-local delivery app aana Dunzo, Series F round la $800 Million valuation ku Reliance Jio and innum sila investors kita irundhu $200- $250 Million funding raise panna pesitu irukanga.
Rebel Foods
Mumbai-based cloud kitchen startup Rebel Foods, Southeast Asia markets ku expand panradhukaga Berlin-based Foodpanda kooda partner panni irukanga.
FarMart
Gurugram-based SaaS-led food supply platform aana FarMart, Matrix Partners India kita irundhu $10 Million funding raise panirukanga.
IDfy
Mumbai-based ID verification startup aana IDfy, Series D round la TransUnion, and Blume Ventures kita irundhu INR 86 Crore funding raise panirukanga.
Questt
Gurugram-based EdTech platform aana Questt, Series A round la Celesta Capital and Premji Invest kita irundhu $6.75 Million funding raise panirukanga.
Meesho
Bengaluru-based e-commerce platform aana Meesho, $4.9 Billion valuation ku Google kita irundhu $50-75 Million funding raise panna pesitu irukanga.
Polygon
Bengaluru-based blockchain scalability platform Polygon (previously Matic), $850 Million worth of assets ku risk undaka koodiya oru vulnerability ah identify panadhukaga white-hat hacker oruthangaluku $2 Million award panirukanga.
Bellatrix Aerospace, Dhruva Space, and Larsen & Toubro
Indian space tech startups aana Bengaluru-based Bellatrix Aerospace and Hyderabad-based Dhruva Space, Larsen & Toubro kooda MoU sign panirukanga. "Great products for the world" build panradhukaga indha MoU sign panirukanga.
Paytm
Payment service provider aana Paytm, INR 16,600 Crore ku IPO launch panna SEBI kita irundhu approval vangitanga. Mid-november list panna pora Paytm oda IPO dha India oda largest IPO ah irukum.
Trell
Bengaluru-based lifestyle social commerce platform aana Trell, $600- 800 Million valuation ku Amazon kita irundhu $100 Million funding raise panna pesitu irukanga.
Nykaa
Nykaa oda Initial Public Offering (IPO) issue October 28th open aagi November 1st close aagudhu. Per share price band INR 1,085-1,125 ah irukkum. Nykaa oda IPO size INR 4,554.03 – 5,351.92 Crores ah irukkum.
BookingJini
Bhubaneswar-based SaaS startup aana BookingJini, Pre-Series A round la Mumbai Angels Network kita irundhu $3.3 Million funding raise panirukanga.
Sourcewiz
Gurugram-based SaaS platform aana Sourcewiz, seed round la Blume Ventures and Alpha Wave Incubation kita irundhu $3 Million funding raise panirukanga.
Kafqa Academy
Bengaluru-based performing arts academy aana Kafqa Academy, institutional investors and tech entrepreneurs kita irundhu $1.3 Million funding raise panirukanga.
Storia Foods
Mumbai-based food and beverages brand aana Storia Foods, Series A round la Sixth Sense Ventures kita irundhu $6 Million funding raise panirukanga.
If you asked an entrepreneur " what's the one thing that you missed doing during the pandemic?" He'd say innovation.
None of us is as smart as all of us. "When you need to innovate, you need collaboration" says Marissa MayerVISA Tamizh Sangham kelvi patrukingala ?
If I told you Tamilnadu's greatest fintech startup came out of tea conversation, would you believe ?
M2P's CEO and co-founder Madhusudanan spoke about Kunal Shah, Bootstrapping vs raising funds, planning Seed to Series C in the previous episode -
Check it out if you missed the previous episode
In this episode,
6. How is M2P revolutionizing banking systems ?
7. The founder market fit Myth
8. Why M2P is investing in fintech startups like Ippo Pay ?
9. Chennai, a Fin-tech capital ? "Not at all, We are not doing enough"
Inga paarunga intha video va 👇🏻👇🏻👇🏻