Tuesday, 25 January, 2022
TopicUnicorns

Topic: Unicorns

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.

Can’t rely on foreign investors. India must become aatmanirbhar in startup financing

Startups are vital to India’s economic growth. To ensure they are not subject to onerous influence from foreign investors, we need to build up a venture capital industry.

Indian unicorns are unsuited for Covid crisis. Entrepreneurs, go for proficorns

My firm Netcore faced a big crisis in 2007-08. Before I realised it, we were losing Rs 1 crore a month, chasing a mythical valuation of a capital-fed consumer business.

On Camera

YourTurn

Representative image of Army | ANI

Central Vista, old army uniforms—why this year’s Republic Day parade is a source of pride

Days of Mughal or British glory are over. Central Vista is Indian govt's modern structure, and uniforms are sources of pride.
A Chinese flag being raised in the Lujiazui Financial District of Shanghai | Photo: Qilai Shen | Bloomberg

India among Asian destinations for investors fleeing Chinese real estate debt crisis

Both Goldman Sachs & CreditSights consider Indian companies attractive. While the first recommends high-yield renewables, the latter considers financial firms to well shielded here.

Defence

The photo of former PM Indira Gandhi with the three former service chiefs | Photo: Wikimedia Commons

‘Mystery’ brochure on 1971 War crops Indira Gandhi, Jagjivan Ram from images, courts controversy

Both images show the then service chiefs, but the former PM and defence minister is removed from them.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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