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SoftBank-backed baby care retailer FirstCry looks to give exit to early investors
FirstCry has emerged as one of the biggest players in baby and mother care segment in the world’s second-most populous country.
2 mins read
Moulishree Srivastava
Journalist • [email protected]
I cover Indian tech, startup, venture capital ecosystems for KrASIA.
Four-year-old Udaan, which connects small and medium-sized retailers with manufacturers became one of the fastest startups to achieve unicorn status in September 2018.
The startup clocked USD 68.4 million (INR 5 billion) in revenues in FY 2020 and is on track to double it by FY24.
While ShareChat would be Snap’s first investment in the Indian startup ecosystem, for Google, the deal would mean backing third short video app from India after Josh and Roposo.
Over the last couple of years, Mirae Asset Venture Investment has invested almost USD 200 million from its global fund in Indian tech startups including Ola, BigBasket, and Zomato, among others.
Apart from evaluating deals remotely, a number of other factors would shape up investors' community in the world’s third-largest startup ecosystem in 2021.
Major venture capital firms doubled down on early-stage deals as they sought to back the firms catering to the post-pandemic needs of consumers and enterprises.
The Noida-headquartered payment and financial services firm aims to become profitable by 2022.
Sectors like agritech, D2C, logistics, and SaaS companies that digitize SMEs are going to be the hot themes next year.