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ELASTICRUN UNICORN
Brands may see reruns of the 14-year-old’s eye-popping performance — but will they ‘Tendulkar’?Vaibhav Suryavanshi's success mirrors startups disrupting established markets. Minimalist was acquired by HUL. Mamaearth faces legal issues...- Year in Review: Startup funding freeze saw signs of thaw in 2024Indian startups raised slightly more funding in 2024 than in 2023, but the ecosystem remained slow. Fewer deals were closed. Several new un...
- B2B back in focus as Indian VC funds rework playbookWithin B2B marketplaces, investors are getting excited about micro-segments including specialty chemicals, engineered goods, equipment, bat...
- B2B startups cornered $8.5 billion in funding over past eight years: Matrix reportCorner funds across 500 rounds since 2015, with six unicorns formed in the segment: Matrix report
- In-depth: How startups are pruning costs as funding continues to plummetIn January, Indian startups raised only $1.38 billion in venture funding, nearly 70% lower than in the same period of 2022, reflecting the ...
- Avataar Venture Partners launches second fund of $350 millionFund II from the business-to-business (B2B) technology-backer comes three years after it launched its first fund worth $300 million and les...
- Udaan fires 180-200 staff, 5% of its workforce, to cut costsA company spokesperson confirmed the development to ET without disclosing the number of employees it had fired.
- Prosus says Indian portfolio firms Swiggy, Byju’s saw strong growth in FY22“Our food platforms continued to grow strongly at the core of the food delivery business and are now investing to extend that growth throug...
- India saw 14 new unicorns in Jan-June; up from 13 year-on-year: TracxnIndia ranks third in overall unicorns created, with the United States in first position, followed by China, Tracxn added.
- Ecommerce enablers emerge as hot picks for investors amid D2C boomWith the pandemic giving a boost to online-first brands, ecommerce software tool providers mopped up close to $496.3 million in equity fund...
- Early-stage deals in India more than doubled to $2 billion in Q1 2022: reportTotal funding in the first quarter of FY22 was up nearly 80% year-on-year (YoY) to $9.2 billion from $5.1 billion in the same quarter last ...
- SoftBank-backed ElasticRun’s revenue doubles to Rs 1,087 crore in FY21The company, which sells FMCG products to kirana (corner) stores, said it was in “the process of expansion of the distribution network pan-...
- ElasticRun raises $330 mn led by SoftBank, Prosus Ventures, Goldman SachsThe company has tripled its valuation from $400 million to $1.5 billion after the funding round, cofounder and CEO Sandeep Deshmukh told ET.
- China ‘concerned’ about India’s app bans; Flipkart tests 45-min grocery deliveryDays after India conducted its fifth round of Chinese app bans since June 2020, blocking access to 54 apps, China has said it has serious c...
- Udaan to go public by May 2023, announces new Esop plansUdaan also announced that it will issue employee stock options (Esop) to every employee and made a key change in its policy under which the...
- ETtech Deals Digest: Polygon, ElasticRun, Livspace raise fundsSecondary scaling solution Polygon, kirana-focused business-to-business ecommerce firm ElasticRun and Omnichannel home interiors platform L...
- SoftBank-led funding more than triples ElasticRun’s valuation to $1.5 billionStarted in 2016 by former Amazon executives Sandeep Deshmukh, Shitiz Bansal and Saurabh Nigam, ElasticRun enables small kiranas across the ...
- Fundraising will only get better in 2022, startup founders sayAlmost 92% of founders who attempted to raise capital in 2021 said they had a favourable experience and 75% of them expect the environment ...
- ETtech Deals Digest: Urban Company, ElasticRun raise funds this weekOn-demand home service provider Urban Company and corner-stores commerce platform ElasticRun were among the startups that raise funds this ...
- InnoVen Capital enters the New Year on a high note, records 28% y-o-y growthIn a recently released year-ending performance report by the firm, the findings highlighted that an investment of over Rs 600 crore had bee...
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