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The Week that Was: Indian Startup News Overview (13 August - 17 September) siliconindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconindia.com Daily Mail and Mail on Sunday newspapers.
Consumer and business loans company Capital Float said on Wednesday it has raised Rs 50 crore in debt funding from The Netherlands-based Triodos, for a period of three years. The Bengaluru-based startup said it expects to use the funds to scale its operations and meet the demand of its user base of over two million customers, which has doubled over the last eight months. B2B buyer engagement platform BuyerAssist.io on Wednesday announced that it had raised $2 million in seed financing led by Stellaris Venture Partners and Emergent Ventures. The round also saw participation from Better Capital and angel investors who are senior business executives/startup founders in the US and India. ....
9Unicorns announces third close at $40M, commits investments in 40 startups Built on the lines of Y Combinator, the Mumbai-based sector-agnostic fund plans to write the first external cheque to about 150 early-stage startups in Deeptech, B2B SaaS, Media, FMCG, Fintech, Insuretech, Healthtech, Edutech, and Travel logistics, among other sectors over the next year. 0 claps Share on 9Unicorns has announced the third close of its first accelerator fund at $40 million to fund idea-stage startups in India. The third close witnessed participation from global and Indian industrialists and businesses who are bullish on the high growth potential of early-stage Indian startups. Some of the key LPs include snack maker Haldiram s, Indian Bank, Ahmedabad-based Chona Family Office, among other prominent ones. ....
With 32 deals in its maiden year, 9Unicorns is now India’s top accelerator fund Akin to YCombinator’s investment strategy, 9Unicorns aims to create Airbnb, DoorDash kind of Unicorns over the next five years 0 claps Share on Even as Airbnb and DoorDash went for massive IPOs last week, their earliest investor YCombinator (YC), came out as a big winner. On IPO, the valuations for Airbnb and DoorDash soared to $100 billion and $71 billion, respectively, indicating stellar returns to YCombinator from these early investments. The startup investment revolution started by YC in 2005 has spread to other major economies, including India, which has also seen the birth of many accelerators and incubators over the last few years. One accelerator that is playing a similar role to YC in the Indian market is Mumbai-based 9Unicorns. It has emerged as a fast-growing and aggressive player with 32 deals in the first year of launch. YC had invested in 24 start-ups in the first year ....