Startup

Agility Ventures To Launch INR 450 Crore Angel Fund

Agility Ventures To Launch INR 450 Crore Angel Fund

New Delhi: The year has begun on a promising note for Agility Ventures. One of the leading angel investor networks in the country, the company has received approvals from the Securities and Exchange Board of India's (SEBI) for an angel fund with a total corpus of the angel fund is INR 450 crore (USD 60 Million), Agility Ventures is looking to deploy the entire corpus in the next 3-4years. The past two months have seen numerous angel investor networks applying to SEBI for AIFs (Alternative Investment Funds) to not just invest in the same ecosystem, but also get tax relief for…
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Instant Tutor App Filo Raises $260K Pre-seed Round

Instant Tutor App Filo Raises $260K Pre-seed Round

Instant tutor app Filo has raised $260K as part of its pre-seed investment round from Better Capital based on organic adoption by students purely driven by word of mouth. With the mission to democratize access to the best teachers, Filo was founded by school friends Imbesat Ahmad and Shadman Anwer in Oct 2020.  At any time more than 10 million students study for school exams, college entrance or government job exams but at least half of them lose motivation due to lack of timely & reliable support for their queries. On Filo, they can access a tutor on demand within…
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CashKaro Raises USD 10 Mn in Series B Funding

CashKaro Raises USD 10 Mn in Series B Funding

New Delhi, Sept. 15, 2020: CashKaro, Cashback and Coupons site has secured USD 10 million in a Series ‘B’ funding round led by Korea Investment Partners (KIP) and existing investor Kalaari Capital. The company had previously raised its Series ‘A’ and angel round of funding from Kalaari Capital, Mr. Ratan Tata, and London-based angel investors. “CashKaro has seen incredible growth over the last 2 years, while consistently reducing losses. We felt that it was the right time to raise money and use it to tactically scale up marketing, open up new brand building avenues, user-acquisition, product development, and hiring new talent. Our…
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WinZO Raises $18MM in Series B Investment Round

WinZO Raises $18MM in Series B Investment Round

MUMBAI, September 03, 2020: With the goal of disrupting Bharat’s vernacular entertainment, WinZO has announced its $18MM Series B investment round led by global interactive entertainment fund, Makers Fund based in Singapore, and New York-based Courtside Ventures.  Both funds are making their first-ever investment in India through WinZO. WinZO plans to strengthen its content pipeline, captivate mobile-first consumers and their gaming needs, and become the go-to gaming app in India. The company’s revenue has grown 1500% and acquired 20MM users in the last 12 months, on the back of a strong word of mouth,product market fit with players who spend more than…
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Future of the Indian Startup Ecosystem in the Post COVID-19 Economy

Future of the Indian Startup Ecosystem in the Post COVID-19 Economy

Author: Sandeep Goel, Senior Vice President - Technology at Moglix. There is enough on-ground evidence now to suggest that the COVID-19 pandemic by virtue of imposing a new set of challenges for the economy has brought a major inflection point for startup enterprises. Economic challenges of such unprecedented proportions while delivering a powerful blow to startup enterprises that are built on weak fundamentals, shall concurrently create new opportunities for enterprise, innovation, and new-age solutions to the problems created by the COVID-19 pandemic. As such the ability to startup enterprises to leverage the following paradoxical economic conditions to their advantage shall…
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