Monday, 5 December, 2022
TopicUnicorns

Topic: Unicorns

India’s start-ups are on fire, but unicorns can’t automatically spur growth

Economic miracles only happen when globally competitive firms tap into external demand.

India gets its 100th unicorn startup as neobank Open crosses billion-dollar valuation

‘India has hit a century in style,’ says Union Minister of Commerce Piyush Goyal; industry bodies call this an inspiring moment for the startup ecosystem.

Southeast Asia’s richest families chase next unicorn after Grab, Carousell

From Thailand's Dhanin Chearavanont to Philippines’ Lance Gokongwei, the Southeast Asian conglomerates are plowing millions into promising firms or setting up venture capital funds.

Cloud kitchen startup Rebel Foods raises $175 mn, becomes 3rd Indian unicorn born this week

The startup will focus on growing its international presence, building its ordering and delivery technology and acquire more restaurant brands.

Mindtickle, funded by Softbank, is the latest unicorn in India’s fast growing tech industry

Mindtickle, based in Pune and San Francisco, hit a valuation of $1.2 billion. It provides what it calls sales readiness technology that companies can customise with their own content and data.

Away from Covid mess, there’s another side to the India story. And it’s cause for hope

Amid the pandemic that has gripped the country, India is in need of good news, or at least something else to think about. This might help.

It’s raining unicorns for India with 6 new startups joining the list in 4 days

Several startups have emerged recently to signal the potential in India. Digital payments giant Paytm reached a valuation of $16 billion, making it the most valuable in the country.

PharmEasy parent API Holdings raises $350 million to expand e-pharmacy network

The company said it will use the funds to add more tele-consultations to link up customers with the 60,000 brick-and-mortar pharmacies and 4,000 doctors it already has on its books.

Hail the rise of a 100 Indian unicorns, and no, Ambani or Adani have nothing to do with these

Nearly 67 of the 100 unicorns in India came into existence after 2005, a Credit Suisse report says, noting changes in regulatory, business and funding environment.

Indian unicorns are coming of age. This is what it means for big business & retail investors

Japan's Softbank, China's Alibaba & US' Sequoia are big players in start-up space, but India doesn't have a serious venture capital sector with risk appetite.

On Camera

YourTurn

PM Modi pays tribute to Dr Rajendra Prasad on his birth anniversary

What explains Modi’s silence as states fight on, relations with Centre worsen

Whether it's Karnataka-Maharahstra or Assam-Meghalaya, Modi govt's reluctance to get dragged into border disputes is self-defeating.
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad | Reuters file image

Rupee falls to 81.75 against dollar, loss on stop losses and dollar outflows

The rupee was down 0.5% to the dollar and has been an underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher.

Defence

Russian President Vladimir Putin with Chinese President Xi Jinping. (Photo Credit - Reuters)

In western arms sanctions on Russia, China’s arms industry could stand to gain

The arms export embargoes on Moscow could create an opportunity for Beijing to supply arms to countries like Myanmar, which are heavily dependent on Russian arms.
Illustration: Soham Sen | ThePrint

Gujarat election is anything but dull. BJP’s political neurosis about AAP is the hidden headline

Gujarat is the only state where Modi is directly in contention. Even if he wins, the team that runs him closest has much to gain.