Funding

    Tech-enabled construction startup Wify raises funding from Mount Judi Ventures, Capria Ventures

    Tech-enabled construction startup Wify raises funding from Mount Judi Ventures, Capria Ventures

    The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories. Wify will also The Mumbai-based on-site installation and post purchase services provider said it will use the funds to penetrate deeper into existing categories, company said in a statement.

    Purplle closes Rs 1,000 crore funding deal led by Abu Dhabi Investment Authority

    Purplle closes Rs 1,000 crore funding deal led by Abu Dhabi Investment Authority

    Purplle has also announced a Employee Stock Ownership Plan (Esop) liquidity programme and will offer liquidity of Rs 50 crore to its employees. Company cofounder and CEO said they will constantly innovate their technology to provide the best for their customer. Purplle is one of the fastest-growing retailers in the beauty and personal care (BPC) segment, having grown its GMV by four times over the last three years.

    Visual telematics startup Cautio raises Rs 6.5 crore from Antler, 8i Ventures, others

    Visual telematics startup Cautio raises Rs 6.5 crore from Antler, 8i Ventures, others

    Cautio provides affordable video telematics products and customised solutions designed to address road safety challenges. The funding saw participation from Cautio’s early customers and angel investors. The company was established by Ankit Acharya, previously a senior executive at ride-hailing firm Namma Yatri, and Pranjal Nadhani, formerly a senior engineer at Dream11 and Urban Company.

    Y Combinator-backed AI robotics startup Pivot Robots raises funding from NuVentures

    Y Combinator-backed AI robotics startup Pivot Robots raises funding from NuVentures

    Pivot Robots will use the funds for team expansion, particularly in the areas of motion planning and computer vision. Siddharth Girdhar, cofounder of the company told ET, the funding will facilitate team growth, especially in motion planning and computer vision. Additionally, it will support increased robot testing and the establishment of office space.

    ETtech Deals Digest: Startups raise $1.71 billion in June 2024, marking a 148% on-year increase

    ETtech Deals Digest: Startups raise $1.71 billion in June 2024, marking a 148% on-year increase

    The fundraise was done by startups in the early and late stages across 85 rounds, said private market intelligence platform Tracxn.

    Heavy machinery manufacturer Autocracy Machinery raises pre-series A of Rs 6 crore led by VC Grid, VCats and others

    Heavy machinery manufacturer Autocracy Machinery raises pre-series A of Rs 6 crore led by VC Grid, VCats and others

    Autocracy Machinery cater to multiple sectors such as agriculture, telecommunications, landscaping, civil engineering and infrastructural development. The Hyderabad-based company will use the funding to enhance its research and development capabilities, expand its manufacturing and marketing footprint, and drive innovation in heavy machinery technology.

    Agritech startup Two Brothers Organic Farms raises Rs 58.2 crore from Nithin Kamath’s Rainmatter

    Agritech startup Two Brothers Organic Farms raises Rs 58.2 crore from Nithin Kamath’s Rainmatter

    Two Brothers Organic Farms, an agritech startup, has raised Rs 58.2 crore in funding led by Nithin Kamath's Rainmatter Foundation. The round also saw participation from Silicon Valley entrepreneur Raju Chekuri, founder of the cybersecurity firm NetEnrich.

    LinkedIn cofounder's background-checking startup KarmaCheck raises $45 million

    LinkedIn cofounder's background-checking startup KarmaCheck raises $45 million

    The San Francisco-based company said on Thursday that it will use the funds to accelerate the development of its technology and "expand into new industry verticals."

    London PE Finnest takes majority stake in cloud kitchen firm Kitchens@ with $160 million investment

    London PE Finnest takes majority stake in cloud kitchen firm Kitchens@ with $160 million investment

    London-based PE firm finnest has acquired a majority stake in cloud kitchen startup Kitchens@ with an investment of Rs 1,335 crore, making it the largest shareholder. This round values Kitchens@ at $305 million, post-money, sources told ET. Kitchens@ provides services like ready-made kitchen setups, as well as supply chain and hiring support to cloud kitchens.

    Salesforce challenger Creatio raises $200 million, becomes 'unicorn'

    Salesforce challenger Creatio raises $200 million, becomes 'unicorn'

    The funding, led by Sapphire Ventures, came after Creatio's revenue increased at 50% annually for a few years.

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    Funding FAQ questions


    What are the main sources of funding for startups?
    When a startup is moving from an idea to execution stage a startup can tap into the network of angel investors, family offices, and high net worth individuals from their personal network.

    Equity funding is the most common source of funding for startups. Startups give shares of their companies at a predetermined value in exchange of capital. Several venture capital funds exist to meet the capital and strategic needs of a startup at different stages of its growth.

    Debt financing has also gained popularity in India. A company can raise venture debt from institutions once its raised venture capital. Private equity and hedge funds also enter the mix at the growth stage of a company to provide capital. Increasingly, companies, VCs and individuals have launched accelerator and incubation programmes that provide seed money to startups. Strategic and corporate veggies funds also invest into startups at early and growth stages

    What is A, B & C series funding & how does it work?
    Traditionally a startup raises a series A round when it has discovered an addressable market and somewhat proven that they can execute the idea in that market. It is often the stage when a company begins to develop its monetisation model and long-term growth plan. It is also the first round that a startup may get an institutional buy-in. In India early stage VCs include the likes of Sequoia Capital, Matrix Partners India, Lightspeed, and Elevation Capital.

    A Series B round is raised by a startup to take its growth to the next level internally as well as to create product awareness. The round is typically used by startups to acquire premium talent and prepare internally to meet the growing demand of its product and fine-tune its product market fit. Series C onwards, the company raises funds to capture a bigger pie of the market, aggressively grow its user base. Strategic investors and growth stage funds like SoftBank Corp, Tiger Global Management and Temasek may come in at this stage.
    The Economic Times