In the ever-evolving world of e-commerce, a new player has emerged, not just to participate but to dominate. Meesho, a nine-year-old startup, has quickly outpaced giants like Amazon and Flipkart in user growth. With a sales run rate exceeding $5 billion and significant investments from heavyweights like Prosus, Softbank, and Peak XV, Meesho’s ascent is…
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Challenging the status quo and setting new benchmarks in the industry, Swiggy has emerged as a dominant player in the fast-paced world of food delivery. About Swiggy Swiggy Limited (formerly Bundl Technologies Private Limited) is a key player in India’s food delivery sector, offering a seamless platform for customers to order from nearby restaurants. Swiggy’s…
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Your startup has just hit over a billion dollars in valuation and there are a couple of million dollars in the bank – how much do you pay yourself? Let’s see what the data says. The median annual salary for Indian unicorn founders in FY23 was Rs 1.5 crores. Of course, there are some outliers…
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Formed by ex-staff of the food delivery titan Zomato, this consortium of startups totalling 31 startups has garnered acclaim for its remarkable accomplishments, shaping the entrepreneurial terrain. Highlights of the Zomato mafia; Collective Valuation Blinkit makes the major portion of the collective valuation of ₹8,850 cr. We did a deep dive on Blinkit recently, check…
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In our latest report for April 2024, we dive into the numbers to uncover the trends shaping the startup landscape across key cities in India. Highlights to navigate: City-Wise April 2024: Top Ten Cities Funding (₹ cr) Mumbai, Bengaluru, and Delhi NCR take the spotlight as the top three cities in startup funding for April…
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As April bids farewell, let’s look the ups and lows in the Indian startup ecosystem throughout the month. As we set the context, the numbers speak for themselves. Highlights that we will be exploring; Startup Funding Deal Volume (Apr 2023 – Apr 2024) April 2024 witnessed a 16% drop in deal volumes compared to the…
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If cricket is a religion in India, Indian Premier League (IPL) is an important festival for its followers. This Twenty20 cricket league is organised annually where 10 Indian city-based teams compete for the winner’s trophy. In December 2022, consulting firm D and P Advisory estimated IPL’s valuation at $10.9 billion. Like any festival, IPL too…
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The Manipal Education and Medical Group family office, lead by chairman Dr. Ranjan Pai is a Venture Capital fund founded in 2016. It is primarily based out of Bengaluru, India. MEMG family office 2024 report highlights; Combined Revenue The portfolio generated a combined revenue of over ₹31,598 cr with Quesscorp, Pharmeasy and FirstCry topping the list. Year-On-Year Investment Trend…
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Explore the latest trends in startup funding across Indian cities in our new report. Dive into the data and discover what’s driving innovation in March 2024. City-Wise Funding in March 2024 Mumbai, Delhi NCR, and Bengaluru emerged as the triumphant trio in March 2024, leading in total funding raised. City Total Funding (₹ cr) Mumbai…
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Whether it is Zomato’s bumper IPO, or Blinkit’s strategic acquisition, Indian startup ecosystem has hit an inflection point. We have transitioned from celebrating big funding rounds to now anticipating startup exits. Some say it is a sign of maturing ecosystem. Others see it as a direct impact of investors demanding a clear path to profitability…
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