SoftBank-backed FirstCry, Unicommerce get SEBI approval for IPO FirstCry and Unicommerce, both SoftBank-backed companies, have received final SEBI approval for their IPOs. FirstCry refiled its IPO papers in April after initial concerns from SEBI regarding disclosed metrics. The IPO includes a fresh issue of equity shares up to Rs 1,816 crore and an OFS of up to 54,391,592 shares. FirstCry reported Rs 4,814 crore in revenue and Rs 278 crore in net losses until Q3 FY24. Meanwhile, Unicommerce plans an OFS of up to 2,98,40,486 shares. SEBI's recent approvals include Ola Electric, reflecting a surge of internet companies entering India's stock market. #Entrackr #News #Startup #StartupNews #IndianStartup #FirstCryIPO #UnicommerceIPO #SoftBankBacked #IndianStockMarket https://entrackr.com/2024/07/softbank-backed-firstcry-unicommerce-get-sebi-approval-for-ipo/

Indian startups raised $1.3 Bn in May, highest funding in 2024 so far In May, Indian startups secured over $1.3 billion in funding, notably driven by Google-Flipkart's $350 million deal. The month witnessed 128 deals, including 39 growth-stage and 66 early-stage fundings. Notable developments include the emergence of two unicorns and a 29% month-on-month increase in funding. Bengaluru led in city-wise deals, while e-commerce and fintech dominated segment-wise. M&A activity slightly declined, while layoffs decreased sharply. Despite challenges, confidence in the market remains strong. #Entrackr #Fintrackr #MonthlyFundingReport #Report #Funding #Startups #News #IndianStartups https://entrackr.com/2024/06/indian-startups-raised-1-3-bn-in-may-highest-funding-in-2024-so-far/

Compliance automation startup Sprinto raises $20 Mn led by Accel Sprinto, a compliance automation platform for SaaS companies, has secured $20 million in Series B funding round led by Accel along with participation from existing investors Elevation Capital and Blume Ventures. Visit - https://entrackr.com/2024/04/compliance-automation-startup-sprinto-raises-20-mn-led-by-accel/ #funding #indianstartups #startupsfunding #entrackr #Sprinto #saas

Funding and acquisitions in Indian startups this week [01-06 Apr] This week as many as 30 Indian startups raised $172.71 million in funding. These deals include eight growth-stage deals and 16 early-stage deals. Visit - https://entrackr.com/2024/04/funding-and-acquisitions-in-indian-startups-this-week-01-06-apr/ #Funding #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

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/

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/

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/

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/