Once named for their rarity, #unicorns 🦄 have become mainstream. But this #funding boom, resulting in aggressive valuations for unproven business models, has also created fears of a bubble, that some of these cannot sustain.

Read ⤵️
https://www.moneycontrol.com/news/business/startup/exclusive-30-billion-fundraising-40-unicorns-in-11-months-startups-break-records-spark-bubble-fears-7765261.html?utm_source=telegram&utm_medium=social

About the #Funding by #Reliance, Kabeer Biswas, CEO and Co-Founder, Dunzo said.

Read the complete story at https://www.moneycontrol.com/news/business/startup/reliance-retail-leads-240-million-round-in-dunzo-amid-rapid-delivery-frenzy-7907551.html

#Dunzo #Reliance #RelianceIndustries #relianceretail

Neobank #Open is the next in line to join the #unicorn🦄 club with its upcoming #funding round that will value the company at over $1 billion.

Chandra R. Srikanth & Priyanka Iyer learn from sources that the round will be led by #TVSCapitalFunds.

Read.
https://www.moneycontrol.com/news/business/startup/tvs-capital-funds-to-lead-next-round-in-google-backed-open-at-a-valuation-of-1-billion-7908381.html?utm_source=telegram&utm_medium=social

#StartUpWithMC | Mukul Arora, partner at Elevation Capital, has been promoted to co-managing partner along with founder Ravi Adusumalli, the firm said.

Sriram Mani reports at
https://www.moneycontrol.com/news/business/startup/elevation-capital-promotes-mukul-arora-to-co-head-the-venture-company-7920991.html

#funding #startups #venturecapital

Student housing #startup Your-Space has raised around Rs 75 crore from a group of investors. The company raised in Series-A funding through a combination of pure equity & convertible debentures.

Read at
https://www.moneycontrol.com/news/business/real-estate/startup-your-space-raises-around-rs-75-crore-for-expanding-student-housing-7947401.html

#funding #RealEstate #YourSpace

#BREAKING | Swiggy raises $700 million at a valuation of $ 10.7 Billion & the current valuation of $10.7 Billion goes higher than Zomato market cap today

Chandra R. Srikanth reports. #StayTuned

#Startup #Zomato #Swiggy #Funding

"Execution is the only thing under our control," says Zomato's Founder & CEO Deepinder Goyal, on a day when the company's stock has tumbled even as rival #Swiggy raised a massive #funding round.

Read 🔻
https://www.moneycontrol.com/news/business/startup/i-have-been-waiting-for-a-bear-market-zomato-ceo-tells-employees-amid-steep-fall-in-stock-price-7976881.html?utm_source=telegram&utm_medium=social

#StartupsWithMC | SuperOps.ai, a services automation, and remote management #startup raised $14 million in Series A funding. The company raised $3 million in May 2021, when it launched the beta platform.

Read at
https://www.moneycontrol.com/news/business/startup/superops-ai-raises-14-million-in-series-a-funding-7992761.html

#Funding #StartupFunding

The #funding boom in Indian #startups continue as this week some major deals were announced and a new #unicorn. So far, there are already eight unicorns in 2022. 🦄

Read more 👇
https://www.moneycontrol.com/news/business/weekly-funding-wrap-jio-invests-in-glance-elastic-run-turns-unicorn-and-more-8133191.html?utm_source=telegram&utm_medium=social

As part of the deal, Mastercard has also made an investment in Zeta, a company that turned #unicorn in May 2021 after receiving a $250-million #funding from Japan's SoftBank Vision Fund 2.

Read more at 👇
https://www.moneycontrol.com/news/business/announcements/zeta-bags-investment-from-mastercard-as-part-of-five-year-partnership-8203231.html?utm_source=telegram&utm_medium=social

#MCMasterclass ⚡️ Has 2022 tempered the euphoria of 2021 when the #startupspace witnessed deal making frenzy?

Jitendra, Founder & CEO of Jupiter App says that #startup #funding is likely to pick up after 6-12 months.

Tune into: https://www.youtube.com/watch?v=cIo89TTw8IM?utm_source=telegram&utm_medium=social

An audit by #EY last week found financial irregularities by the founders. This pulled the plug on #funding plans, pushing the company to cut costs and lay off employees.

Moneycontrol spoke to current and former employees, investors and industry watchers to understand the situation at Trell. 👇
https://www.moneycontrol.com/news/business/startup/amid-the-crisis-trell-employees-look-for-greener-pastures-8238681.html?utm_source=telegram&utm_medium=social

#MCInterview: #Zepto's strong operating and execution chops soon saw #investor interest and steep valuations amid the #funding boom in Indian #startups.

Read more 👇
https://www.moneycontrol.com/news/business/user-retention-is-flat-post-40-minutes-95-of-indian-grocery-basket-can-be-covered-in-10-minutes-zepto-founder-and-ceo-aadit-palicha-8452201.html?utm_source=telegram&utm_medium=social

#StartUpsWithMC: Shopflo, announced today that it has raised $2.6 million in its seed #funding from Tiger Global, TQ Ventures, Better Capital & a pool of angel #investors.

Read the details 👇
https://www.moneycontrol.com/news/business/startup/shopflo-raises-rs-20-crore-seed-funding-from-tiger-global-tq-ventures-others-8488231.html?utm_source=telegram&utm_medium=social

#MCProOpinion: As long as interest rates were rock bottom, #funds poured into venture capital funds. But the tide has turned and the 13-year bull run in #funding is over.

Read more 👇
https://www.moneycontrol.com/news/opinion/start-up-street-as-vc-funding-ebbs-start-ups-must-focus-on-value-not-valuation-8535701.html?utm_source=telegram&utm_medium=social

Thousands of layoffs, and a funding crunch, #startups have also resorted to shutting down non-core verticals, as they enter a bleak period, after a blockbuster #funding party that lasted for nearly two years.

Read at ⏬
https://www.moneycontrol.com/news/business/startup/layoffs-shutdowns-funding-crunch-the-great-indian-startup-party-is-over-8562681.html?utm_source=telegram&utm_medium=social

Electric ride-hailing platform #BluSmart has raised $50 million in a mix of equity and venture debt #funding as the company is looking to add 5,000 electric cars to its platform and scale up its #EV hubs.

Read more at ⏬
https://www.moneycontrol.com/news/business/startup/electric-ride-hailing-blusmart-raises-50-mn-to-scale-up-its-ev-car-fleet-8563941.html?utm_source=telegram&utm_medium=social

#NewsAlert 🚨 Fintech-focused VC firm Beenext becomes the latest investor to advise its portfolio #startups to cut costs, and prepare a runway for the near term amid a #funding winter.

Nikhil Patwardhan brings us the story 👇
https://moneycontrol.com/news/business/startup/revise-and-revisit-your-budget-to-adapt-to-this-funding-winter-beenext-tells-founders-8590421.html

#StartupsWithMC: Financial services #unicorn PhonePe is in talks to raise a new round of #funding led by General Atlantic at a valuation of over $12 billion,sources privy to the matter said

Read here 👇
https://bit.ly/3VXS8Av

#TechWithMC | 🌐 Fintech firm Partior secures $60M funding round led by Peak XV Partners. Established Hyderabad center in 2022 to enhance global tech expansion.

Know more⤵️
https://www.moneycontrol.com/technology/fintech-firm-partior-closes-60-million-funding-round-led-by-peak-xv-partners-article-12767919.html

#Fintech #startup #funding