EARLY STAGE
Global firms buy PB Fintech stakes from early backers
Foreign portfolio investors (FPIs) have lapped up shares in Gurugram-based listed fintech firm PB Fintech, as its founders and early investors sold their shares, in full or in part, in multiple tranches. These transactions happened through bulk deals when several early-stage investors of the company exited the firm fully or partly after 2021, when it went public.
Fit marathon runner gets diagnosed with stage 3 cancer, reveals symptoms he had overlooked
On Instagram, the 38-year-old athlete expressed regret for ignoring his body's warning signs. He shared that for weeks he felt unwell, and within about a month, his health rapidly declined, frequently experiencing flu-like symptoms.=
Breast cancer cause: How to identify symptoms, precautions, and why it's rising among young women
Hina Khan Breast Cancer (Google Trends): Actress Hina Khan has been diagnosed with stage three breast cancer and has begun treatment. Breast cancer is the most common cancer among Indian women, with rising cases, especially among younger women due to lifestyle factors. Early detection through self-examinations and mammograms, along with a healthy lifestyle, is crucial for successful treatment and reducing risk.
8X Ventures closes India-focused deeptech fund at Rs 200 crore
8X Ventures announced the first close of its second India-focused deeptech fund at Rs 200 crore, with a green shoe option of Rs 100 crore, aiming to back 18-20 early-stage Indian deeptech startups over three years.
Early-stage VC Z21 Ventures planning $40 million second fund
Z21 Ventures, an early-stage investment firm focusing on the India-US corridor, has fully deployed its first $5-million fund and is gearing up to launch a $40 million second fund. The firm, founded in 2022 by Abhinav Shashank and Raj Shekhar Singh, targets enterprise software and hardware startups with investments ranging from $100,000 to $150,000, backed by a community of Indian-origin technology executives like Google, Amazon, and Meta.
Silicon Valley’s South Park Commons launches Bengaluru outpost in collaboration with Binny Bansal
Silicon Valley-based early-stage venture fund South Park Commons made its India entry with an outpost in Bengaluru. This is its first international location outside of the US. The fund was launched in 2016 as a collective of engineers, founders and researchers by husband-wife duo of Ruchi Sanghvi and Aditya Agarwal.
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Mobile app may predict depression in pregnant women
A new mobile app has shown promise in predicting depression in pregnant women, according to recent research. By analyzing survey responses during the first trimester, the app can identify risk factors such as sleep quality and food insecurity, which are often modifiable. Lead author Tamar Krishnamurti from the University of Pittsburgh highlighted the potential for early intervention and tailored preventive care.
Best Electronic Early Development Toys for Kids and Toddlers
As the internet is getting more and more prevalent, we must keep a check on our kids’ screen time. We must make sure that they are engaging in playful, educational, and interactive activities instead of watching cartoons and other content on screens. One way of doing so is to get them electronic early development toys so that they are engaged in educational learning.
Bonds, rupee stage strong rebound on poll outlook
Government bond yields closed at their lowest in over two years, and the rupee saw its largest single-day gain since December, driven by exit polls predicting a strong NDA victory in the general elections.
100X.VC invests $2.7 million in 17 startups
100X.VC, a Mumbai venture capitalist firm, injected $2.7 million into 17 startups in their 11th cohort. This brings their total portfolio to 161 companies. Ninad Karpe, founder and partner at 100X.VC, said they invested Rs 1.25 crore in each startup and provided mentorship to help them refine their products and go-to-market strategies.
Here are the key mistakes that founders make at different stages of building startups
When you a building a startup you must know what are the things that could go wrong while launching your dream project. To make it easier for you, we have made a list of mistakes that founders are likely to make at different stages of growth and funding of a startup.
Understanding Autism: Brain connections in infants linked to social interaction
Researchers have found distinct patterns in brain connections in six-week-old infants with a high likelihood of developing autism. These patterns suggest that paying more attention to basic sensory information may come at the cost of attending to socially relevant cues, potentially leading to impaired social behavior later in life.
Venture capital funding in crypto rises to $2.4 billion: PitchBook
Funding was spread across 518 deals and rose by 40.3% from the previous quarter, according to data firm PitchBook. Global venture capital investments dropped to a near five-year low in the same period.
ThinKuvate launches Rs 100 crore maiden India fund
Technology-focused ThinKuvate India Fund will take a sector-agnostic approach and invest up to Rs 3 crore as initial amount.
VC funding for women-led startups declined in 2023: report
A new report reveals a decline in VC funding for women-led businesses in India. According to WinPe, a non-profit organisation focused on gender diversity in private equity, the share of funding going to female founders dropped to just 9.3% in 2023, compared to 14.7% in 2021.
Late-stage startup funding up 3x in April
Data from market intelligence platform Tracxn reveals a new trend in Indian startups. While overall funding for startups declined in the first three months of 2024, late-stage funding (for more established companies) saw a dramatic increase, more than tripling in April.
Early career promotion sounds juicy but learn how to digest it first
Young professionals are no longer waiting years for promotions, instead stepping up early in their careers. Early promotions offer skill development, confidence, and career advancement. Employers value leadership potential, problem-solving skills, adaptability, and market awareness. Challenges include workplace biases and maintaining work-life balance. Strategies for success include showcasing achievements, improving skills, taking risks, and building relationships.
Unicorn sightings slump; Tata’s chip exports
Happy Tuesday! Despite deal activity in late-stage startups showing signs of a revival, new unicorns aren’t being birthed. This and more in today’s edition of ETtech Morning Dispatch.
Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore
The fund is allocating a significant portion of its third fund to invest in around 25 early-stage startups. These initial investments will typically range from Rs 30 crore to Rs 50 crore. Some of the startups that have already received funding include Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz, and Flexifyme.
Mohit Gupta, Mukesh Bansal’s omnichannel fashion startup Lyskraft raises $26 million in seed funding
Former Zomato executive Gupta will steer the venture as CEO, Bansal to stay away from operations. The fashion startup will focus on offline play in the premium women's wear fashion category and expand into other lifestyle segments later.
Flipkart Ventures to fund, mentor GenAI-based early stage startups
Flipkart Ventures' Flipkart Leap Ahead (FLA) programme accelerates early-stage startups with USD 200,000 to USD 500,000 equity investments, mentorship from industry veterans, and a focus on GenAI solutions for hyper-growth.
Fintech funding in Q4 down over 50% YoY, but up 59% from Q3
According to the Fintech India report released by data intelligence platform Tracxn, funding during the January-March quarter dried up year on year across stages, with seed stage down 77% to $9.9 million, early stage down 42% to $147 million and late stage falling 60% to $394 million, compared to the previous year.
Nexus MD Sameer Brij Verma quits; will launch multi-stage fund
The fund will likely be $150-200 million in size, Verma will be a solo partner with a team of around a dozen executives.
8i Ventures launches seed funding initiative 'Origami' to back early-stage startups
Early-stage venture capital fund 8i Ventures has introduced Origami, a seed funding initiative offering investments of $250,000 to $2 million for startups. The program aims to streamline the investment process and has allocated $10 million to back eight to ten startups this year.
Tata Motors wants EV sops extended; Peak XV's new fund
Tata Motors, which dominates the local EV market with a share of more than 70%, wants New Delhi to help replicate an enabling environment similar to the one in China that has pledged to support adoption of electric vehicles until unit sales touched at least a fifth of all new cars sold.
Revenue-linked financiers bet big on SaaS companies
Over the past month, revenue-based financiers such as GetVantage and Velocity have set aside a dedicated corpus of Rs 250 crore and Rs 300 crore, respectively, to meet the growing demand for this kind of debt financing in the software-as-a-service (SaaS) industry.
ETtech Deals Digest: Startup funding down 80% to $144 million this week
Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.
Inflection Point Ventures launches accelerator programme for early-stage startups
Programme has been designed for entrepreneurs seeking to take their business from the idea stage to MVP
Investment firm We Founder Circle claims to lead early-stage funding in Indian startups in 2023
Currently, five partial exit discussions are in the advanced stage including corporate VCs and acquisition offers, WFC said in a statement.
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