News

During 2023, the country s top 10 angel investors have made as many as 101 investments in Indian startups, according to data by Venture Intelligence This is heartening to note as overall venture capital (VC) funding has been southward bound in the country

Over the years, numerous supply chain startups have attracted billions in funding from venture capitalists. However, the latest data from Crunchbase hints at a change in the funding landscape with a shift in investor sentiment. From 2018 until the close of 2022, investors worldwide invested over USD 50 billion in seed through growth financing into supply chain related companies, with notable startups from across the world like Lineage Logistics, Flexport, and Lalamove raising substantial amounts.

Asian Startups, on the other hand, witnessed a much more positive outlook. This week was an active one for the startups of Singapore; ranging from Fintech to Automobiles, all sectors took a significant leap forward. Qosmosys is a notable startup that is making strides in space exploration, and ION Mobility joined hands with India s largest twowheeler manufacturer and entered the Indonesian market.

10 startups Deepika Padukone and Ranveer Singh have invested their wealth in 1. & 2. Furlenco and Purplle Deepika Padukone established KA Enterprises LLP in 2017 and subsequently made her initial investments in Furlenco, a furniture rental platform, and Purplle, an online beauty products marketplace, in 2019.

One97 Communications, which owns the Paytm brand, on Friday announced that its wholly owned subsidiary Paytm Payment Services Limited (PPSL) has signed a pact with Startup Bihar to promote the state s startup ecosystem. Under the memorandum of understanding (MoU), PPSL will help startups grow their businesses with the Paytm Startup Toolkit, which offers solutions in payments, payouts, banking, and distribution.

Ivy Growth Associates has invested in over 70 startups, such as Zypp Electric, BluSmart, Emotorad, Bebeburp, Bummer, Regrip, GrowIt, Evify Logistics, Navitas Alpha, among others Ivy Growth Associates, a Surat based micro venture capital firm, has said that it plans to launch a USD 30 million VC fund aimed at supporting revenue based and tractionbased startups operating in sustainability, agritech, healthcare, deeptech, Web3 and AI sectors.

The innovative concept of Alwrite and growth of the commercial insurance sector encouraged the group of angel investors to invest in the promising startup. The investors are Apurva Parekh, Executive Vice Chairman, Pidilite Group, Viral Thakker, Partner and Lead: Strategy, AI and Analytics, and M&A. World Climate lead at Deloitte India, Amit Sheth, Sanjay Bhagat, Shrenik Shah and Sumit Bohra.

The Mahratta Chamber of Commerce, Industries, and Agriculture (MCCIA) has announced the first AR Bhat Fellowship in the form of a study programme. Through this fellowship, the chamber will delve into the historical journey of the industry sector and the future prospects of startups, innovation, and incubation centres in the economy. Journalist Sunil Gadekar has been selected for the first AR Bhat fellowship.