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Here’s a quick recap of this week’s top startup news 🚨👇 🔸 Big tech major Apple unveiled the latest iPhone 16 range of smartphones at its flagship “Glowtime” event in Cupertino. “Made-in-India” iPhone 16 phones will be available across the world within the first few days of the launch of sales. 🔸 Lending tech startup Moneyview has attained the coveted unicorn tag after raising INR 38.6 Cr (about $4.6 Mn) in a equity funding round from Accel India and Nexus Ventures. 🔸 Continuing its experiments and new launches, listed foodtech major Zomato has unveiled a developer platform for its point of sale (PoS) partners. 🔸IPO-bound OYO turned profitable in the financial year 2023-24 (FY24) as it managed to control its expenses by trimming its employee costs. #trending #startups #weeklywrap

Did you know? Indian startups have raised a whopping $150 Bn+ in funding across 10,500+ deals till date! 💸 Let’s take a look back at some of the biggest funding rounds in the world’s 3rd largest startup ecosystem👇 #fundraising #startups #india P.S. For more insights, check out our latest report "The State Of Indian Startup Ecosystem Report 2024"!

In #Edition44 of Inc42 Weekly Brief, we spotlight OYO's remarkable recovery and its bold IPO ambitions for 2025. ➡ FY24 saw OYO swing from a massive INR 1,286.51 Cr loss to a profit of INR 229.57 Cr, marking a stunning turnaround in the company’s journey. ➡ With a goal to triple profits to INR 700 Cr by FY25, OYO is pushing forward with a sharpened focus on premium hotels, international expansion, and sports travel. ➡ Despite a drop in valuation from $10 Bn to $2.37 Bn, OYO is poised to attract attention on the public market as it looks to launch its IPO next year. Decode OYO's revamped strategy and profitability push 👇

Indian new-age tech stocks witnessed a mixed week despite the bull run in the broader market, which resulted in benchmark indices soaring to fresh all-time highs 👇 🔸 Fifteen of the 28 new age tech stocks under Inc42’s coverage gained in a range of 0.54% to just under 23% this week. Shares of fintech major Zaggle zoomed to a fresh all-time high of INR 446.40 this week. 🔸 The stock emerged as the biggest gainer, zooming 22.64% during the week. Recently listed SaaS startup Unicommerce, gaming major Nazara Technologies, Paytm, PB Fintech, and FirstCry were among the other major gainers this week. 🔸 Besides Zaggle, the week saw shares of two startups, Mamaearth parent Honasa and foodtech major Zomato, hit fresh all time highs. 🔸 Zomato gained 4.94% this week to end at INR 272.90, but Honasa slumped 7.20% to end the week at INR 493.45 to end as the biggest loser this week. 🔸 Besides the BPC major, the week saw shares of 13 startups fall in a range of 0.56% to over 7%. Last week’s top gainer TAC Infosec, Nykaa, Awfis and Fino Payments Bank were among the stocks which ended the week in the red. #stocks #startups

India’s #retail landscape is evolving faster than ever. Let’s take a look at 15 players that are leading the charge 🛍️👇 🔸 The phygital market of India is expected to touch $1 Tn by 2030 from the current $11 Bn, putting #omnichannel and hybrid shopping at the very center of this #growth. 🔸 Many #D2C brands assumed that post-covid digital exposure at the B2C level would increase, fundamentally changing consumer habits. 🔸 On the contrary, online retail penetration remains limited to 4-5% across India, with word-of-mouth and the need for a touch-and-feel experience continuing to influence purchasing decisions, especially for high-value items like electronics, furniture, and home décor. 🔸 A hybrid #growth strategy and #omnichannel business model have helped D2C flagbearers like Lenskart.com, Pepperfry, Nykaa, BlueStone, among others achieve scale and increase their margins. Needless to say – omnichannel is not a choice anymore, but a necessity! What are your thoughts on this?  #startups #India #D2C

Did you know? From 2014 to 2023, Hyderabad (Telangana’s capital) has emerged as a powerhouse in the Indian startup landscape – having raised over $2.6 Bn across 326 deals!  Let’s take a closer look at the state’s startup ecosystem Hyderabad, the capital of Telangana and a major economic hub of India, has grabbed significant investor attention in recent times:  ➡️  The city has more than 240 funded startups, supported by 550+ domestic and international investors.  ➡️  Additionally, it is home to several incubators, accelerators and venture capital (VC) firms – like T-Angel, T-Hub, We-Hub, DLabs (by Indian School of Business), IIT-Hyderabad Foundation, and prominent investors like Hyderabad Angels, Anthill Ventures, Endiya Partners, SucSEED Ventures, Splice Capital - India among others. “At T-Hub, we have nurtured over 3,500 startups, 150 mentors and 350 corporate partners. T-Hub 2.0, the world’s largest innovation hub, further cements T-Hub’s commitment to putting Telangana on the global innovation map,” said Srinivas Rao Mahankali (MSR), CEO of T-Hub. What are your thoughts on this? Let us know in the comments. #startups #telangana #founders

Indian #ecommerce unicorns recorded over $7 Bn in aggregate revenue in FY23. This translated to a CAGR of 75% from the $1.3 Bn revenue they earned in FY20, a year before onset of the COVID-19 pandemic👇 Here are some other key highlights from Inc42’s ‘The State of Indian Ecommerce H1 2024’ report (powered by @Pay10): 🔸 The expenses of these #startups also jumped in line with the rise in their revenues. The ecommerce unicorns’ cumulative total expenditure stood at $7.9 Bn in FY23. 🔸 As per the report, the country’s ecommerce #unicorns collectively spent $669 Mn in FY23 on advertisements. Walmart-owned Flipkart spent the highest amount on advertising at $301 Mn in FY23, an increase of 24% from $243 Mn in FY22. 🔸 It must be noted that despite the rise in expenses, the ecommerce unicorns managed to cut down their losses in FY23. 🔸 Flipkart saw its loss drop 10% to $493 Mn from $545 Mn in FY22. Meesho also managed to halve its loss to $209 Mn in FY23 from $406 Mn in the previous fiscal year. #startups #unicorns #valuation P.S. For more insights, check out The State Of Indian Ecommerce H1 2024 Report by Inc42 datalabs (powered By PAY10)!

Indian startups cumulatively raised $227.1 Mn across 22 deals, marking a 34% decline from the $348 Mn raised via 19 deals in the preceding week 👇 Despite the marginal decline, the week saw one mega funding round materialise when IPO-bound startup InMobi bagged a debt of $100 Mn from Mars Growth Capital. Besides, the week also saw fintech startup Moneyview becoming the sixth Indian startup this year to vault into the coveted unicorn club after scooping up $4.6 Mn from Accel and Nexus Ventures at a valuation of $1.2 Bn. Key Startup Funding Highlights Of The Week: 🔸 Buoyed by InMobi’s mega funding round, enterprisetech emerged as the leader in terms of funding at a sectoral level. 🔸 Fintech trailed enterprisetech at a sectoral funding level with startups in this space securing $80.1 Mn via four deals. 🔸 Seed funding went up tremendously this week to $24.9 Mn, zooming over 2X from last week’s $10.7Mn secured by startups at this level. The bump in the seed funding numbers came primarily due to the $20 Mn bagged wealthtech startup Centricity. 🔸 Nandan Nilekani’s Fundamentum, Nexus Venture Partners, and IAN group emerged as the lead investors this week, backing two startups apiece. #startups #funding #investment

Ather Energy is set to become the 2nd electric mobility startup to go public. But can it catch up with its biggest competitor Ola Electric? 🤔👇 ➡️ Despite having a first-mover advantage, Ather fell behind Ola Electric due to the latter’s speed in expanding #market reach, creating buzz about its products, and scaling up infrastructure and sales. ➡️ This has resulted in Ather trying to catch up with deep-pocketed Ola Electric ever since the latter’s entry into the two-wheeler EV segment. ➡️ While Ola Electric maintained its top position in terms of #sales, with 21% market share in FY23 and 34.8% in FY24, Ather was overtaken by TVS Motors and Bajaj Auto. ➡️ The stark difference of over INR 3,000 Cr between Ola Electric and Ather’s top lines in FY24 is a direct reflection of the tepid rise in Ather’s sales over the last few years compared to Ola Electric’s. While Ola Electric’s public listing showed the investors’ appetite for EV players, it’s important to mention that both Ola Electric and Ather continue to be loss-making entities. Given the #public market glare, both the companies will now also feel the pressure to turn #profitable, and it remains to be seen if they make any changes to their strategies to achieve this. Will Ather match or get ahead of Ola Electric in terms of market share? Or will the legacy players like Bajaj Auto Ltd and TVS Motor Company establish their supremacy in the #EV market as well? Only time will tell.   Meanwhile, let us know your thoughts in the comments! #Olaelectric #Atherenergy #electricvehicles

Amid the raging battle of supremacy in the quick commerce space, Walmart-owned Flipkart has now expanded its quick commerce service ‘Minutes’ for Delhi users after Bengaluru 👇 Earlier last month, Flipkart ‘Minutes’ went live in parts of Bengaluru amid the increasing popularity of the segment. The new offering took off in HSR (Hosur Sarjapura Road) Layout, Bellandur and a few other areas of the startup hub. Available on the parent app, the service allows users to order groceries, electronics, smartphones and other products within 8-16 minutes. This is more or less in line with the delivery timelines offered by incumbents Zepto, Zomato’s Blinkit, and Swiggy Instamart. 🔗 To read the in-depth article, click here: https://lnkd.in/g-4a5EWn #news #Flipkart #quickcommerce