Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiasts. We cover technology startups and breaking developments around them with incisive analysis and deep insights on daily basis. We aim to empower entrepreneurs with the knowledge to make a positive impact on overall tech-driven startup ecosystem. Entrackr provides all the information related to Tech Startup News, Upcoming Startups in India and latest startup news at one platform.
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  • Indian Startups Monthly Funding Report - February

    Indian startups mopped up nearly $900 million across 121 deals in February. This included 25 growth-stage deals worth $585 million and 83 early-stage deals amounting to $313.5 million. There were 13 undisclosed rounds.
    Visit - https://entrackr.com/2024/03/indian-startups-raise-900-mn-in-february-report/
    #IndianStartups #FundingReport #StartupsFundingReport #StartupsFunding #Entrackr
    Indian Startups Monthly Funding Report - February Indian startups mopped up nearly $900 million across 121 deals in February. This included 25 growth-stage deals worth $585 million and 83 early-stage deals amounting to $313.5 million. There were 13 undisclosed rounds. Visit - https://entrackr.com/2024/03/indian-startups-raise-900-mn-in-february-report/ #IndianStartups #FundingReport #StartupsFundingReport #StartupsFunding #Entrackr
    ENTRACKR.COM
    Indian startups raise $900 Mn in February: Report
    Indian startups mopped up nearly $900 million in funding across 121 deals in February, as per data compiled by TheKredible.
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  • Funding and acquisitions in Indian startups this week [19-24 Feb]

    This week as many as 26 Indian startups raised funding amounting to nearly $129.5 million. These deals count five growth-stage deals and 19 early-stage deals.

    #Funding #acquisitions #Indianstartups #Entrackr

    https://entrackr.com/2024/02/funding-and-acquisitions-in-indian-startups-this-week-19-24-feb/
    Funding and acquisitions in Indian startups this week [19-24 Feb] This week as many as 26 Indian startups raised funding amounting to nearly $129.5 million. These deals count five growth-stage deals and 19 early-stage deals. #Funding #acquisitions #Indianstartups #Entrackr https://entrackr.com/2024/02/funding-and-acquisitions-in-indian-startups-this-week-19-24-feb/
    ENTRACKR.COM
    Funding and acquisitions in Indian startups this week [19-24 Feb]
    This week as many as 26 Indian startups raised funding worth $129.5 million. These deals count five growth-stage and 19 early-stage deals
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  • Bengaluru gears up for Unicorn Premier League 2024

    Starting February 16, top unicorn startups are going to battle it out on the cricket field in Bengaluru with Entrackr’s Unicorn Premier League 2024.
    The 10-day long event with 34 matches between 12 teams will see the first set of games played between Flipkart, Zerodha, boAt and Pine Labs. Other teams throughout the league include Razorpay, Apna, Meesho and Groww.

    #UPL #UnicornPremierLeague #startups #Entrackr #Flipkart #Zerodha #boAt #PineLabs #Razorpay #Apna #Meesho #Groww

    https://entrackr.com/2024/02/bengaluru-gears-up-for-unicorn-premier-league-2024/
    Bengaluru gears up for Unicorn Premier League 2024 Starting February 16, top unicorn startups are going to battle it out on the cricket field in Bengaluru with Entrackr’s Unicorn Premier League 2024. The 10-day long event with 34 matches between 12 teams will see the first set of games played between Flipkart, Zerodha, boAt and Pine Labs. Other teams throughout the league include Razorpay, Apna, Meesho and Groww. #UPL #UnicornPremierLeague #startups #Entrackr #Flipkart #Zerodha #boAt #PineLabs #Razorpay #Apna #Meesho #Groww https://entrackr.com/2024/02/bengaluru-gears-up-for-unicorn-premier-league-2024/
    ENTRACKR.COM
    Bengaluru gears up for Unicorn Premier League 2024
    Starting February 16, top unicorn startups are going to battle it out on the cricket field in Bengaluru with Entrackr’s Unicorn Premier League 2024.
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  • Indian startups raised more than $11 Bn in 2023: Report

    In 2023, Indian startups faced a challenging funding environment, marked by a funding crunch, mass layoffs, and closures. Despite struggles, over 980 startups raised $11 billion in venture capital. Notable were 181 growth stage deals totaling $8.8 billion and 656 early stage startups raising $2.5 billion. Two new unicorns, Zepto and InCred, emerged. Funding declined sharply from $38 billion in 2021 to $11 billion in 2023. Layoffs exceeded 24,000, and 15 startups, including ZestMoney and Quizy, shut down. Bengaluru dominated with 433 startups raising $6.2 billion. Edtech, fintech, and gaming faced challenges, while 11 startups, including Paytm and Nykaa, went public in 2023. Secondary deals, ESOP buybacks, and IPO plans were notable trends.

    #Entrackr #Fintrackr #IndianStartups #Startups #News #Funding #AnnualReport #YearlyFundingReport #FundingReport #Report #StartupNews

    https://entrackr.com/2023/12/indian-startups-raised-funding-more-than-11-bn-in-2023-report/
    Indian startups raised more than $11 Bn in 2023: Report In 2023, Indian startups faced a challenging funding environment, marked by a funding crunch, mass layoffs, and closures. Despite struggles, over 980 startups raised $11 billion in venture capital. Notable were 181 growth stage deals totaling $8.8 billion and 656 early stage startups raising $2.5 billion. Two new unicorns, Zepto and InCred, emerged. Funding declined sharply from $38 billion in 2021 to $11 billion in 2023. Layoffs exceeded 24,000, and 15 startups, including ZestMoney and Quizy, shut down. Bengaluru dominated with 433 startups raising $6.2 billion. Edtech, fintech, and gaming faced challenges, while 11 startups, including Paytm and Nykaa, went public in 2023. Secondary deals, ESOP buybacks, and IPO plans were notable trends. #Entrackr #Fintrackr #IndianStartups #Startups #News #Funding #AnnualReport #YearlyFundingReport #FundingReport #Report #StartupNews https://entrackr.com/2023/12/indian-startups-raised-funding-more-than-11-bn-in-2023-report/
    ENTRACKR.COM
    Indian startups raised more than $11 Bn in 2023: Report
    According to startup data intelligence platform TheKredible, nearly 984 startups raised venture funding worth more than $11 billion in 2023.
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  • BluSmart raises $24 Mn from existing investors, founders and leadership team

    BluSmart Mobility, an EV ride-hailing service and charging infrastructure operator, raised $24 million in an equity round with over-subscription from existing investors, founders, and leadership. The company, challenging Ola and Uber, operates over 4,000 EV chargers across 34 hubs in Delhi-NCR and Bengaluru. With plans to scale its fleet to 8,000 EVs, BluSmart reported crossing $50 million in annual revenue run-rate, growing over 100% YoY, despite losses increasing to Rs 65.4 crore in FY22 as per TheKredible.

    #Entrackr #Fintrackr #BluSmart #Startups #StartupNews #News #thekredible #IndianStartups

    https://entrackr.com/2023/12/blusmart-raises-24-mn-from-existing-investors-founders-and-leadership-team/
    BluSmart raises $24 Mn from existing investors, founders and leadership team BluSmart Mobility, an EV ride-hailing service and charging infrastructure operator, raised $24 million in an equity round with over-subscription from existing investors, founders, and leadership. The company, challenging Ola and Uber, operates over 4,000 EV chargers across 34 hubs in Delhi-NCR and Bengaluru. With plans to scale its fleet to 8,000 EVs, BluSmart reported crossing $50 million in annual revenue run-rate, growing over 100% YoY, despite losses increasing to Rs 65.4 crore in FY22 as per TheKredible. #Entrackr #Fintrackr #BluSmart #Startups #StartupNews #News #thekredible #IndianStartups https://entrackr.com/2023/12/blusmart-raises-24-mn-from-existing-investors-founders-and-leadership-team/
    ENTRACKR.COM
    BluSmart raises $24 Mn from existing investors, founders and leadership team
    BluSmart Mobility, an EV ride-hailing service and EV charging superhub infrastructure operator, has raised $24 million in a new equity round.
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  • Gameskraft reports Rs 1,062 Cr profit after tax in FY23

    Gameskraft has been facing regulatory fire for some time over allegations of GST tax evasion amounting to Rs 21,000 crore, even as the company discontinued its fantasy platform Gamezy. Despite the odds, the six-year-old firm managed to grow its revenue with a steady increase in profits during the fiscal year ending March 2023. The Bengaluru-based gaming company’s revenue from operations grew 24.8% to Rs 2,662 crore in FY23 from Rs 2,133 crore in FY22, its consolidated financial statements sourced from the Registrar of Companies show.

    #Fintrackr #Gameskraft #Startups #StartupNews #IndianStartups #Entrackr #News

    https://entrackr.com/2023/12/gameskraft-reports-rs-1062-cr-profit-after-tax-in-fy23/
    Gameskraft reports Rs 1,062 Cr profit after tax in FY23 Gameskraft has been facing regulatory fire for some time over allegations of GST tax evasion amounting to Rs 21,000 crore, even as the company discontinued its fantasy platform Gamezy. Despite the odds, the six-year-old firm managed to grow its revenue with a steady increase in profits during the fiscal year ending March 2023. The Bengaluru-based gaming company’s revenue from operations grew 24.8% to Rs 2,662 crore in FY23 from Rs 2,133 crore in FY22, its consolidated financial statements sourced from the Registrar of Companies show. #Fintrackr #Gameskraft #Startups #StartupNews #IndianStartups #Entrackr #News https://entrackr.com/2023/12/gameskraft-reports-rs-1062-cr-profit-after-tax-in-fy23/
    ENTRACKR.COM
    Gameskraft reports Rs 1,062 Cr profit after tax in FY23
    Six-year-old firm Gamekraft managed to grow its revenue with a steady increase in profits during the fiscal year ending March 2023.
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  • Ustraa reports Rs 100 Cr revenue and Rs 40 Cr loss in FY23

    Men’s grooming startup Ustraa was acquired by Carlyle-owned wellness and beauty company VLCC at a 40% valuation cut in July this year. The company grew decently in terms of scale but its losses continued to widen in FY23. While we will look at its expenses and losses in the second half of the story, for now let’s look at its avenues of revenue and their growth.
    Ustraa’s revenue from operations grew by 47% to Rs 97 crore in FY23, according to its annual financial report with the Registrar of Companies.

    #Ustraa #Entrackr #Fintrackr #Startup #StartupNews #News #Carlyle

    https://entrackr.com/2023/11/ustraa-reports-rs-100-cr-revenue-and-rs-40-cr-loss-in-fy23/
    Ustraa reports Rs 100 Cr revenue and Rs 40 Cr loss in FY23 Men’s grooming startup Ustraa was acquired by Carlyle-owned wellness and beauty company VLCC at a 40% valuation cut in July this year. The company grew decently in terms of scale but its losses continued to widen in FY23. While we will look at its expenses and losses in the second half of the story, for now let’s look at its avenues of revenue and their growth. Ustraa’s revenue from operations grew by 47% to Rs 97 crore in FY23, according to its annual financial report with the Registrar of Companies. #Ustraa #Entrackr #Fintrackr #Startup #StartupNews #News #Carlyle https://entrackr.com/2023/11/ustraa-reports-rs-100-cr-revenue-and-rs-40-cr-loss-in-fy23/
    ENTRACKR.COM
    Ustraa reports Rs 100 Cr revenue and Rs 40 Cr loss in FY23
    Men’s grooming startup Ustraa was acquired by Carlyle-owned wellness and beauty company VLCC at a 40% valuation cut in July this year.
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  • Onsurity raises $24 Mn in Series B led by IFC

    Employee healthcare platform Onsurity has raised $24 million in a Series B funding round led by International Finance Corporation (IFC). Existing investors Nexus Venture Partners and Quona Capital also participated in the round. The insurtech startup will utilise this funding to work with its insurance partners to facilitate claims experience for its members, Onsurity said in a press release. Additionally, these funds will bolster the company’s vision to forge partnerships with more than 50,000 companies.

    #Fintrackr #News #Onsurity #Startup #StartupNews #Entrackr

    https://entrackr.com/2023/10/onsurity-raises-24-mn-in-series-b-led-by-ifc/
    Onsurity raises $24 Mn in Series B led by IFC Employee healthcare platform Onsurity has raised $24 million in a Series B funding round led by International Finance Corporation (IFC). Existing investors Nexus Venture Partners and Quona Capital also participated in the round. The insurtech startup will utilise this funding to work with its insurance partners to facilitate claims experience for its members, Onsurity said in a press release. Additionally, these funds will bolster the company’s vision to forge partnerships with more than 50,000 companies. #Fintrackr #News #Onsurity #Startup #StartupNews #Entrackr https://entrackr.com/2023/10/onsurity-raises-24-mn-in-series-b-led-by-ifc/
    ENTRACKR.COM
    Onsurity raises $24 Mn in Series B led by IFC
    Employee healthcare platform Onsurity has raised $24 million in a Series B funding round led by International Finance Corporation (IFC).
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  • Doceree raises $35 Mn in Series B led by Creaegis

    Doceree, a network of physician-only platforms for programmatic messaging, has scooped up $35 million in a Series B round led by Creaegis. Existing investors Eight Roads Ventures, and F-Prime Capital also participated in the round.
    Previously, it raised $11 million in its Series A round in April last year.
    The funds will enable Doceree to accelerate product development, augment technologies, scale global expansion, and expand team, the company said in a press release. Four-year-old Doceree aims to empower pharmaceutical and life-sciences companies and healthcare media agencies with solutions that reach HCPs (healthcare professionals) on their networks to achieve better patient health outcomes.

    #Entrackr #Fintrackr #News #Doceree #Startup #StartupNews #Creaegis

    https://entrackr.com/2023/09/doceree-raises-35-mn-in-series-b-led-by-creaegis/
    Doceree raises $35 Mn in Series B led by Creaegis Doceree, a network of physician-only platforms for programmatic messaging, has scooped up $35 million in a Series B round led by Creaegis. Existing investors Eight Roads Ventures, and F-Prime Capital also participated in the round. Previously, it raised $11 million in its Series A round in April last year. The funds will enable Doceree to accelerate product development, augment technologies, scale global expansion, and expand team, the company said in a press release. Four-year-old Doceree aims to empower pharmaceutical and life-sciences companies and healthcare media agencies with solutions that reach HCPs (healthcare professionals) on their networks to achieve better patient health outcomes. #Entrackr #Fintrackr #News #Doceree #Startup #StartupNews #Creaegis https://entrackr.com/2023/09/doceree-raises-35-mn-in-series-b-led-by-creaegis/
    ENTRACKR.COM
    Doceree raises $35 Mn in Series B led by Creaegis
    Doceree, a network of physician-only platforms for programmatic messaging, has scooped up $35 million in a Series B round led by Creaegis.
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  • Neobank Fi lays off 10% of workforce

    Neobank Fi has laid off 10% of its workforce or 30 employees citing strategic restructuring. With this, it has become the second neobank after Open to conduct layoffs this year.
    Commenting on the layoffs, Fi’s cofounder and CEO Sujith Narayanan said, “We’ve recently undertaken a strategic restructuring, prioritising our focus and resources on key growth areas. This restructuring will enable us to double down on our core product features, streamline operations, and ensure a sustainable future.”
    According to Narayanan, the firm will provide comprehensive support to departing employees which includes multiple months of severance, extended healthcare provisions, and extended ESOP vesting.

    #Entrackr #News #Startup #StartupNews #NeobankFi #Fintrackr

    https://entrackr.com/2023/09/neobank-fi-lays-off-10-of-workforce/
    Neobank Fi lays off 10% of workforce Neobank Fi has laid off 10% of its workforce or 30 employees citing strategic restructuring. With this, it has become the second neobank after Open to conduct layoffs this year. Commenting on the layoffs, Fi’s cofounder and CEO Sujith Narayanan said, “We’ve recently undertaken a strategic restructuring, prioritising our focus and resources on key growth areas. This restructuring will enable us to double down on our core product features, streamline operations, and ensure a sustainable future.” According to Narayanan, the firm will provide comprehensive support to departing employees which includes multiple months of severance, extended healthcare provisions, and extended ESOP vesting. #Entrackr #News #Startup #StartupNews #NeobankFi #Fintrackr https://entrackr.com/2023/09/neobank-fi-lays-off-10-of-workforce/
    ENTRACKR.COM
    Neobank Fi lays off 10% of workforce
    Neobank Fi has laid off 10% of its workforce or 30 employees citing strategic restructuring at the company.
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