The PhonePe Mafia, much like its Paytm and Flipkart counterparts, is a growing network of startups founded by ex-employees of the fintech giant. As of August 2024, the collective valuation of the PhonePe Mafia companies was an impressive ₹11,707.39 crores. This reflects not only the growing success of these companies but also the impact that…
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Overview The Indian retail sector has shown remarkable resilience and growth, with significant funding activity from Q2 FY 2023 to Q2 FY 2025. This comprehensive analysis dives into the evolving trends across company stages, investor participation, key locations, and sectoral performance. With late-stage companies attracting most of the capital, the industry’s landscape is marked by…
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Overview September 2024 witnessed a dynamic yet slightly declining phase for the Indian startup ecosystem in terms of funding activity. With total funding reaching ₹12,715 crores across 107 deals, the figures indicate a 13% dip from the previous month of August. However, compared to September 2023, both the deal volume and the total value represent…
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In today’s digital-first world, nearly every aspect of life has been transformed by technology. From shopping and banking to healthcare and entertainment, our lives are intertwined with digital platforms. However, one area that has remained largely untouched by technology is spirituality—until recently. AppsForBharat, founded in 2020, is a company that seeks to bridge this gap,…
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The Swiggy Mafia 2024 report offers a detailed snapshot of the burgeoning ecosystem spawned from the success of Swiggy, one of India’s leading food delivery platforms. The collective valuation of the Swiggy Mafia companies stands at an impressive ₹6,277.16 crore as of July 2024, highlighting the entrepreneurial spirit and innovation flourishing within this network. This…
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Overview The Indian personal products sector has seen dynamic growth from Q2 2023 to Q2 2024, marked by varying trends in funding, sector participation, and geographical dominance. While late-stage funding has consistently attracted the largest investments, early and seed-stage rounds have been more volatile. With Mumbai emerging as a dominant player in deal volumes and…
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Overview The startup ecosystem in India continues to evolve dynamically, with significant fluctuations in funding patterns across various city tiers. In August 2024, the landscape showcased a blend of traditional powerhouses and emerging hubs, with notable shifts in investor activity and deal sizes. This blog inquires into the city-wise startup funding recap for August 2024,…
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Overview August 2024 was a landmark month for India’s startup ecosystem, with an impressive total funding of ₹14,659 crores across 121 deals. This represents a remarkable 65% increase in total deal value compared to July 2024, and an astonishing 297% rise from August 2023. The increased activity from venture capital and private equity firms is…
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Patni Financial Advisors (Patni Family Office), established by the Patni family in 2005 following the sale of Patni Computer Systems, has evolved into a multifaceted investment firm. Operating as an NBFC (Non-Banking Financial Company), the firm focuses on investing across a broad spectrum of asset classes, including equity, debt, and real estate. The firm has…
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Overview July 2024 marked a dynamic month for the Indian startup ecosystem, showcasing a notable increase in both deal volume and total funding raised. With ₹8,865 crores in total funding across 99 deals, the month exhibited a strong recovery and growth compared to previous periods. Let’s delve into the highlights of the month, key trends,…
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