From Seed funding to IPO
Weeks after launching a digital stationary store within the app, notetaking company Goodnotes said today it has invested $1.9 million into South Korea-based digital stationary company WeBudding. WeBudding was founded by Donghwan Shin, Donggyun Ko, and Chaeyoung Lee in 2018. The trio started by selling physical paper notebooks catered towards university students, but eventually, they…
Specialty coffee chain abCoffee has raised $2 Mn in a seed funding round led by Tanglin Venture Partners. The funding round also saw participation from 100X.VC, Panthera Peak,OTP Venture Partners and other angel investors. In a statement, the Mumbai-based startup said it will use the fresh funds to improve its tech stack, expand the product…
Flipkart Ventures, the venture investing arm of ecommerce giant Flipkart, has invested in five early stage startups as part of its accelerator programme called Flipkart Leap Ahead (FLA). Now in its second year, FLA is designed to foster innovation and support entrepreneurship, providing aspiring entrepreneurs with the necessary resources to thrive in their respective fields….
Amazon has agreed to invest up to $4 billion in the AI startup Anthropic, the two firms said, as the e-commerce group steps up its rivalry against Microsoft, Meta, Google and Nvidia in the fast-growing sector that many technologists believe could be the next great frontier. The e-commerce group said it will initially invest $1.25…
Highlighting the triumph of Startup India, Commerce and Industry Minister Piyush Goyal announced a significant increase in the number of government-recognised startups — from 450 in 2016 to over 100,000 today. At the ‘Entrepreneurs Launchpad’ event, Goyal highlighted that the world is looking at the opportunities available in India right now. As the average age…
Gurugram-based F&B consultancy company CYK Hospitalities today said it has assisted Twisting Scoops, India’s premier Turkish ice cream brand, to expand its presence in the international market. CYK Hospitalities said the development is part of its mission to empower businesses to tap into international growth opportunities. Twisting Scoops expands in Sri Lanka CYK Hospitalities said…
Despite the ongoing chatter in the startup ecosystem about an extended funding winter, what has become apparent is that there is no dearth of capital, and VCs are patiently waiting for the right opportunities to invest. In an exclusive interview with Inc42, Siddarth Pai, the founding partner and chief financial officer of early stage venture…
Matrix Partners India has elevated Pranay Desai as its managing director, promoting him from the role of Partner. As per Matrix Partners India’s website, Desai is now the managing director of the firm. “Pranay joined us three years ago and has catalysed our presence in the Software-as-a-Service (SaaS) space. We wish him the very best…
Following a fire incident on Sunday night, Pegatron, a major Apple supplier, has temporarily suspended iPhone assembly operations at its facility near Chennai. According to a report by Reuters, the Taiwanese company has cancelled the first two shifts for the day on Monday and has not yet communicated whether the third shift will proceed as…
Legaltech SaaS startup Legistify today announced it has raised $4 million or Rs 33.2 crore in a Series A funding round led by existing backers like Indiamart and Titan VC. The round also saw participation from GSF along with US-based Cathexis Ventures, Justin Hamilton, and Japan-based Enrission group. What is the purpose of fundraising? The…