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36Kr (EN)

Building a coherent narrative of India's rapidly changing tech ecosystem.

India Tech

Venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth.

Venture Capital

India

Q&amp;A

BlackSoil, which now has an NBFC and three AIFs under its umbrella, deploys multiple debt strategies to differentiate itself from other venture debt players in the market, said Ankur Bansal, co-founder and director at BlackSoil. One trait that sets the firm apart is its penchant for converting real estate investors into startup investors. Here's how Bansal does it.

Startups want to 'ensure they have a venture debt partner' | Q&A with Ankur Bansal | KrASIA

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Startups want to &#8216;ensure they have a venture debt partner&#8217; | Q&#038;A with Ankur Bansal

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

I cover Indian tech, startup, venture capital ecosystems for KrASIA.

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Moulishree Srivastava

Fashion

With the spread of Internet global accessing (fastest Internet broadband connection TCP with accumulator cables and semi-fast connection), Short Video services have become very popular online. 

Short Video

Homegrown short video app Chingari has raised USD 13 million in a new round led by Bengaluru-headquartered mobile entertainment company OnMobile.Other investors who participated in this round include American investment firms Republic Labs and White Star Capital, Indian VC fund Astarc Ventures, JPIN Venture Catalysts, a cross-border investment platform for startups between UK and India, and Singapore-based VC firm ProfitBoard Ventures, among others. Prior to this, Chingari had raised USD 1.4 million from a series of angel investors last year.

Indian short video startup Chingari raises USD 13 million to accelerate monetization efforts | KrASIA

Indian short video startup Chingari raises USD 13 million to accelerate monetization efforts

ByteDance or Beijing ByteDance Technology Co Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms, headquartered in Beijing. It was founded by Zhang Yiming in 2012. ByteDance's core product, Toutiao, is a popular content platform in China.

Bytedance

Chinese internet giant ByteDance's two bank accounts in India have been blocked by local authorities over alleged tax evasion while the company is appealing to overturn the decision, according to a Reuters report citing two sources with knowledge of the matter.

ByteDance's two bank accounts blocked in India over alleged tax evasion | KrASIA

ByteDance&#8217;s two bank accounts blocked in India over alleged tax evasion

The game industry is the economic sector involved in the development, marketing, and monetization of games. It encompasses dozens of job disciplines and its component parts employ thousands of people worldwide.

Gaming

Mumbai-based gaming and sports media company, Nazara Technologies, made a bumper debut on Indian public markets, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Tuesday.The shares of the country's leading gaming company, which made the initial public offer of INR 583 crore (USD 80 million) between March 17 and 19 and was subscribed 175.6 times, were listed at around 8o% premium over the issue price on the two stock exchanges.

Indian online gaming firm Nazara Technologies lists shares at over 80% premium | KrASIA

Indian online gaming firm Nazara Technologies lists shares at over 80% premium

Bjyu's

According to the Hurun Global and India Rich List 2021, India, home to the third-largest base of billionaires in the world after China and the US, saw 55 new billionaires last year, which took the number of ultra-rich up to 177. When Indian-origin, overseas billionaires are tallied in, the total count stands at 207.

India added at least one billionaire a week in 2020: Hurun Report | KrASIA

India added at least one billionaire a week in 2020: Hurun Report

Ola Cabs, is an Indian origin online transportation network company developed by ANI Technologies Pvt. Ltd. As of December 2018, Ola was valued at about $5.7 billion. A variety of venture capitalists including Softbank have large stakes in the company.

Electric Vehicles

Mobility

In the first week of March, Bhavish Aggarwal, the 35-year-old co-founder and chief executive of Indian mobility giant Ola, invited journalists to show the 500-acre electric scooter manufacturing site, claimed to be the world’s largest, in Krishnagiri district of the South Indian state of Tamil Nadu.

Indian ride hailer Ola doubles down on EV to drive itself out of slow growth | KrASIA

Indian ride hailer Ola doubles down on EV to drive itself out of slow growth

Sequoia Capital

Sequoia Capital India, which has been focusing on early-stage investments through its two-year-old Surge program in the world’s third-largest startup ecosystem, has raised its second seed fund with a corpus of USD 195 million.

Sequoia Capital India closes second seed fund at USD 195 million | KrASIA

Sequoia Capital India closes second seed fund at USD 195 million

E-commerce is the activity of buying or selling of products on online services or over the Internet. 

E-Commerce

Online beauty marketplace Purplle has raised USD 45 million from Sequoia Capital and existing investors including Belgian investment firm Verlinvest and Indian venture capital companies Blume Ventures and JSW Ventures.

Indian beauty e-retailer Purplle gives early investor a 22x return in latest funding | KrASIA

Indian beauty e-retailer Purplle gives early investor a 22x return in latest funding

Tiger Global

The New York-headquartered hedge fund, Tiger Global, which invested half a billion dollars in Indian startups last year, is stepping up its game in India, writing checks at a faster pace in 2021 than the previous year.