Should Phonepe be worth more than Paytm’s $7.9B?
The Walmart-backed company commands nearly half of India’s digital-payments landscape. But its financials trail its smaller, listed rival
The Walmart-backed company commands nearly half of India’s digital-payments landscape. But its financials trail its smaller, listed rival
The EV maker’s IPO couldn’t have come at a worse time, caught between the Blusmart scandal and Trump-induced headwinds
As global fashion giants move towards smaller order sizes and quicker turnaround times, the Tiger Global-backed B2B startup may have found a way to avoid its peers’ pitfalls
To prioritise corporate governance and financial management, VCs like Peak XV, Matrix, and Accel are exercising a lot more oversight, introspection, and prudence while signing deals with Indian startup founders
In early June, the smallest of the Big Three cut 15–20% of consulting jobs, as a crisis boiling since 2022 spilled over
Both fine-jewellery companies started around the same time over a decade ago, drew big-name investors, and grew fast. But a key difference made one a star while the other is trying to catch up
To win market share, the two community management apps pulled out all stops to woo apartments. And now these apartments have all the power
Though younger startups are set to gain from Tiger Global’s smaller cheques and early-stage bets in India, they are wary of working with the investment giant
“Venture capital is now holding back transformation in Indonesia because it isn’t fostering new tech.”
The world’s most active startup backer has been putting money in early-stage companies, but it still does not want to be a nosy investor. Other VCs are keeping a close eye amid a funding winter
With slowing growth and a funding crunch, edtechs like Unacademy and Vedantu have made tutors their new sales force. But the pressure to create viral videos and the fear of not meeting targets are too much to handle for many
Battery Smart’s franchise-led model of battery swapping, catering mostly to Delhi-NCR, has allowed it to scale fast, pass on risks, and raise big bucks. But for the next leg of growth, it needs more than e-rickshaws and small franchises that risk safety
With its recent $100mn fundraise from Sequoia, Alpha Wave, and Tiger Global, little-known Absolute looks all set to build its trading muscle. But its claims of being a plant-biotech company raise questions
China's ban on for-profit after-school tutoring has edtechs seeking opportunities in Southeast Asia. But before the market can crowd any further, LingoAce is choosing to diversify into the tough-to-crack English language market
When it comes to putting together industry overviews in IPO prospectuses, Redseer is getting commissioned by most IPO-bound internet companies across India and SE Asia—the latest being GoTo. While this brings it international recognition, Redseer continues to court sceptics
Being birthed in OfBusiness’ B2B ecosystem got the SME financier to a $1bn valuation. But now, Oxyzo wants to diversify its product range and borrower base, only to wade into a chaotic lending landscape
Blockchain firm Polygon is betting big on blockchain-based games, or GameFi. It earmarked $200 million to develop the space, and has hired a host of gaming industry veterans like Electronic Arts and YouTube. Users, however, say that beyond the potential to earn, blockchain-based gaming is both cumbersome and dull
Angel investing has never been so prevalent in India, with Rs 746 crore—a record amount—pouring into early-stage deals in 2021. The surfeit of capital masks how the space is changing—from who’s investing to how much they’re investing and who is welcome (or no longer welcome) on cap tables
The New York-based investment firm's pawprints are suddenly all over Southeast Asia. Of its 17 bets in the region, nine were placed in the last three months. This is sending ripple effects across the venture capital ecosystem
It's been a miserable few years for Hike. Once harbouring ambitions to rival WhatsApp, it has spent the last few years in the wilderness, experimenting with different avatars to rediscover its magic. With Rush, its real money gaming app, it finally has a monetisation strategy and a new lease on life. But is this enough to finally arrest Hike's slide into irrelevance?
When Freshworks goes public in the US later this month, it’ll be the first Indian SaaS company to do so. Girish Mathrubootham set sail on this decade-long journey by “dreaming in instalments”, and in doing so, shaped India’s SaaS ecosystem
Xendit’s riding on the coattails of Indonesia’s digital economy boom, clocking a 146% growth in transaction value in the first half of the year. While it’s catching the eye of global VCs now—potentially Tiger Global—its stance against the local tribal tech ecosystem will no longer be enough
Zomato’s IPO brings the inflationary forces of the startup world to public markets in India—it’s not a question of what public markets can do for Zomato, but what Zomato can do for public markets
Three years after exiting Flipkart, SoftBank is back in India with a bang. Just in 2021, it has created four unicorns. While this sounds like business as usual for the mammoth VC, this is a new SoftBank and a new India
A user base of over 50 million and a regional language market that’s ripe for the picking has netted Rs 300 crore in investor money for Public. The ad-driven short video app could be parent Inshorts’ winning horse, but rivals with more diversified revenue streams are closing in
Despite scoring a US$2.1 billion valuation, the content moderation of Mohalla Tech—the parent firm of ShareChat and Moj—is still a work-in-progress. Heavily reliant on third-party contractors to monitor its 280 million users, Mohalla Tech’s approach to screening posts falls below global standards on both the tech and transparency fronts
For the first two years of its life, Infra.Market was bootstrapped and profitable. Now flush with funding and with unicorn status to boot, it's pushing the accelerator on both its B2B construction goods business and a B2C private label retail play
Unicorn status in six years and a 3X jump in valuation in two—there’s something about Meesho and social commerce that has gotten SoftBank to hang its hat on. Meesho’s numbers, however, tell a different tale
Inflexor Ventures has closed its US$67 million Fund-II, in half the time it took to close its first fund. There’s more Indian money for deep tech today than ever but is that enough to back all horses—from spacetech to semiconductor, electric vehicles to augmented reality—or do we need the likes of Tiger Global to shake up the game?
The playbook behind Tiger Global’s recent spate of investments is both familiar and different from its initial foray in India when it backed now-iconic companies such as Flipkart and Freshworks. But where it pioneered a change in India's VC landscape last time, it is evoking fear, panic and greed in the startup ecosystem this time around.
Ahead of a $10 billion IPO, Flipkart’s changing how it does business. Its wholesale arm—which earned over Rs 31,000 crore in FY20—is planning to no longer sell to vendors on its platform. Instead, it will merely connect them to brands. Industry insiders, though, aren’t convinced much will change, while brands are uncomfortable with the new arrangement
With credit card payments startup CRED verging on a US$2 billion valuation, investors are banking on the business growing to at least 5X that. Can CRED get there? The answer may have more to do with VC calculus than its current business metrics
The Tiger Global-backed stockbroker has become the second-largest in India. But for a venture-funded business, stockbroking alone won't cut it. Upstox now wants to pull off a jack-of-all-trades Robinhood, but India is no ideal setting
Tiger Global once changed the funding landscape in India by “breaking the mould”—resetting expectations about amounts, valuations, and ambitions. With India’s relationship with China eroding and SoftBank’s influence waning, can it repeat its exploits?
While supply chains across India have been disrupted by the nationwide lockdown, agritech startup Ninjacart’s well-oiled machine ensured it hardly felt the bumps
How did a bunch of 1999-vintage retail veterans become the largest players in India’s most lucrative e-commerce space, groceries?
India’s SaaS companies had a breakout year in 2019, with multiple companies breaching the hallowed $100 million ARR mark. Will 2020 be another banner year?
From none in 2010 to 28 as we enter 2020, India's stable of unicorns has grown to become the third largest in the world—beaten only by China and the US
Venture capitalists often let their investments do the talking. And talk they do. From $100-million Series A rounds to $500+ million funding rounds, India has had enough and more investor interest and shifting investment patterns of late. We decided to map that interest with data from the last three years
Tiger Global’s first coming irrevocably changed B2C investing in India. Its second coming looks just as promising for B2B startups