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New Delhi: <keyword id="20845764" type="General" weightage="100" keywordseo="Indias-startup-ecosystem" source="keywords">India's startup ecosystem</keyword> experienced a surge in <keyword id="19913965" type="General" weightage="20" keywordseo="venture-capital" source="keywords">venture capital</keyword> (VC) funding during the first seven months of 2024, raising a total of USD 6.3 billion through 672 deals. This marks a 42.1 per cent year-on-year (YoY) increase in funding value, despite a modest 1.2 per cent rise in deal volume, according to a report by <keyword id="19910824" type="General" weightage="20" keywordseo="GlobalData" source="keywords" meta.keywordsubtype="org" meta.entityname="GlobalData" meta.hostid="261" meta.entityid="GlobalData">GlobalData</keyword>.<br /><br />The uptick in funding underscores investor confidence in India's <keyword id="21354516" type="General" weightage="20" keywordseo="startup-landscape" source="keywords">startup landscape</keyword>, even as global market conditions remain cautious.<br /><br />An analysis of GlobalData's Deals Database reveals that during the same period in 2023, India saw 664 VC deals with a disclosed funding value of USD 4.4 billion.<br /><br />Aurojyoti Bose, Lead Analyst at GlobalData, commented on the findings and said, "The massive jump in funding value, despite a modest 1.2 per cent growth in deal volume, can be attributed to some of the big-ticket deals announced during the review period. This also proves that even though VC investors remain cautious there is no dearth of money for promising startups."<br /><br />Some of the most notable <keyword id="20948843" type="General" weightage="20" keywordseo="VC-funding" source="keywords">VC funding</keyword> deals in India during January-July 2024 include USD 665 million raised by Zepto, USD 300 million by Meesho, USD 216 million by PharmEasy, USD 150 million by Radiance, USD 148 million by Kogta Financial, and USD 120 million by Rapido.<br /><br />India continues to stand out as a key player in the Asia-Pacific (APAC) region for VC funding, trailing only China. It is also among the top five global markets in terms of both VC deal volume and value.<br /><br />During the January-July 2024 period, India accounted for 7 per cent of the total VC deals announced worldwide, while its share of the disclosed funding value was 4.3 per cent.<br /><br />Bose concluded, "Despite global economic uncertainties, India remains a pivotal market for VC activity, driven by a robust pipeline of promising startups that continue to attract significant capital. This trend reinforces India's position as a critical player in the global venture ecosystem, demonstrating resilience and growth even amid cautious investment sentiment."<br /><br />

First 7 months of FY25 see significant surge in VC funding to India's startups: GlobalData

<ul><li><keyword id="3269053" type="General" weightage="100" keywordseo="rapido" source="Orion">Rapido</keyword> has launched a new campaign. </li><li>'Smart ho, toh Rapido’ campaign aims to position Rapido as a customer-centric brand and highlight its key USPs. </li></ul>Rapido has announced its first celebrity campaign ‘Smart ho, toh Rapido.’ Rapido’s strategic objective behind the campaign is to portray itself as a customer-centric brand and educate people about its key offerings and USPs. This is the first time the company has roped in movie superstars to spread awareness about its unique services, intending to strengthen its presence in the market and transform daily commute for the better.<br /><br />Going live from 5th November, the 6-week campaign will run two films each for HSM and Non-HSM markets, directed by Sizil Srivastava (HSM)&amp;Trivikram Srinivas (Non-HSM)and produced by Dream Vault media. Featuring superstars <keyword id="106133" type="General" weightage="80" keywordseo="ranveer-singh" source="Orion">Ranveer Singh</keyword> and <keyword id="17473" type="General" weightage="80" keywordseo="allu-arjun" source="Orion">Allu Arjun</keyword>, the campaign will air on OOH, Radio, TV, and Digital platforms Pan India, focusing on 14 cities.<br /><br />Commenting on the first-of-its-kind announcement, Amit Verma, Head of Marketing, Rapido, said, “We are delighted to introduce our first celebrity campaign with Ranveer Singh and Allu Arjun. Both these brilliant actors will help us seed the idea of using Rapido as an alternative yet regular medium of travel among the masses, ushering in an era of affordable and convenient daily commute”.<br /><br />As a part of the ad campaign, Ranveer Singh and Allu Arjun will entertain their fans by enacting the roles of Babban and Guru, both smart and clever personalities. Their unique and interesting characters will guide the daily commuters, who are fed up with the hassles of traveling via buses/autos, to opt for a smart option like Rapido. The bike taxis offered by Rapido can swiftly cut through the traffic to offer timely, convenient, and pocket-friendly rides.<br />  <div type="Youtube" id="bhnlZIs1Ads" title="Rapido Bike-Taxi | Smart Ho Toh Rapido | Ranveer Singh" thumbUrl="https://i.ytimg.com/vi/bhnlZIs1Ads/mqdefault.jpg"></div><br />   <div type="Youtube" id="lyEdUcEa_g8" title="Rapido Bike-Taxi | Smart Ho Toh Rapido | Allu Arjun | Telugu" thumbUrl="https://i.ytimg.com/vi/lyEdUcEa_g8/mqdefault.jpg"></div><br />Speaking on the campaign, Bollywood superstar Ranveer Singh, said, “I am glad to be associated with Rapido. I really enjoyed collaborating on our first campaign together. It was a delightful experience shooting for this ad film, playing a peculiar character (Babban) who has a unique and original style and persona. Rapido is all set to make waves and I’m happy to contribute my bit in what I’m sure will be a successful endeavor.”<br /><br />“I like to consider myself as a person who knows how to tackle a situation with the best possible solution. That’s why I was excited when Rapido approached me for the role of Guru, which resembles me. What Rapido is doing is quite exceptional and I’m happy to be a part of this campaign, which will help them scale their market presence to new heights,” added Allu Arjun.<br /><br />Rapido's revenue has returned by 85% compared to pre-COVID levels. Post acquiring $52 million funding in August 2021, the company is all set to scale its business operations, including expanding its auto fleet to 5 lakh by the end of 2021.

Rapido launches its first celebrity campaign with Ranveer Singh and Allu Arjun

Almost one in five of India’s future unicorns drop off the race as funding winter bites

South Korean video game developer <keyword id="10155974" type="UNKNOWN" weightage="20" keywordseo="krafton">Krafton</keyword> on Monday announced that its battle game <keyword id="11197652" type="COMPANY" weightage="20" keywordseo="battlegrounds-mobile-india">Battlegrounds Mobile India</keyword> has clocked 50 million downloads on Play Store.<br /><br />The company also said that it will be making announcements on the <keyword id="75489" type="ORGANIZATION" weightage="20" keywordseo="IOS">iOS</keyword> version of the game very soon on <keyword id="11213261" type="UNKNOWN" weightage="20" keywordseo="battlegrounds-mobile">Battlegrounds Mobile</keyword> India social media channels.<br /><br />"We extend our warm wishes to our Indian fans on the occasion of Independence Day. We are delighted to be a part of this celebration, made even sweeter with Battlegrounds Mobile India hitting 50 million downloads on Play Store in just over a month," Wooyol Lim, Head of <keyword id="11624858" type="UNKNOWN" weightage="20" keywordseo="battlegrounds-mobile-division">Battlegrounds Mobile Division</keyword>, Krafton, said in a statement.<br /><br />In line with the promise of introducing India centric events, the Independence Day Mahotsav is also live in-game, and fans can win exciting rewards including an AWM (temporary) skin, till August 19.<br /><br />The <keyword id="11645294" type="UNKNOWN" weightage="20" keywordseo="battlegrounds-mobile-india-series">Battlegrounds Mobile India series</keyword> was announced last month to an incredible response of 540,000 registrations till date with registrations still open.<br /><br />In July, the company also announced its first esports tournament -- Battlegrounds Mobile India Series 2021.<br /><br />The registrations for the tournament kicked off on July 19 and the event would have five stages spanning over three months. The video game developer has announced a prize pool of Rs 1 crore for this inaugural series.<br /><br /><strong>SEE ALSO:<br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/heres-what-makes-the-new-simple-one-electric-scooter-a-worthy-ola-and-ather-alternative/articleshow/85362511.cms">Here’s what makes the new Simple One electric scooter a worthy Ola and Ather alternative</a><br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/yamaha-invests-in-bike-taxi-startup-rapidos-52-million-funding-round/articleshow/85364155.cms"><strong>Yamaha invests in bike taxi startup Rapido’s $52 million funding round</strong></a>

Battlegrounds Mobile India hits 50 million downloads on Play Store

New Delhi, May 2 () Internet companies like Urban Company, MakeMyTrip, Dunzo, HealthifyMe and Zomato are changing their social media handles and app icons to promote wearing face masks as a hygiene practice amid the COVID-19 pandemic.  <p> Apna Mask initiative -- an effort by StartUpVsCOVID (a startup community with over 1,000 members) -- is promoting homemade masks and aims to drive behavioural change to ensure that people wear masks and stay protected as they step out of their homes. </p><p> The #ApnaDeshApnaMask campaign was kicked off by startup industry stalwarts like Rajan Anandan of Sequoia India, Paytm's Vijay Shekhar Sharma, Alok Mittal (Indifi), Vishal Gondal (GoQii) and others. They were later joined by celebrities like Vidya Balan, Dia Mirza, Juhi Chawla, Divya Khosla Kumar, Juhi Parmar, Deepshika Deshmukh, Sonu Sood, Shama Sikander, Preetika Rao and others.  </p><p> Within a span of two weeks, the initiative has garnered 100 million outreach across digital platforms, including WhatsApp, Twitter, Facebook and Instagram. </p><p> The team working on the campaign also reached out to various organisations to support the initiative, especially as parts of the country get ready to come out of the lockdown which has been extended till May 17.  </p><p> "Urban Company, MakemyTrip, Dunzo, HealthifyMe, Zomato, Redbus, Ixigo, MoneyTap, MyUpchaar, Bounce, RazorPay, Medanta, WittyFeed, LBB, Porter, Meesho, Daily Hunt, 1mg, Paytm Games have changed their social media handles while some are changing the app icons as well," a statement said.  </p><p> These brands are also inviting more companies to join the initiative. </p><p> "Given the immense response we have received, we will have more brands join #ApnaMask in this critical initiative. We believe some of these steps will be helpful in building habit changing behaviour towards wearing homemade masks," Poonam Kaul, co-founder of ApnaMask, said.  </p><p> In a separate statement, Crowdera -- an online fundraising platform -- said it is offering its premium syndicated fundraising technology solutions for free to companies and NGOs working to help the COVID-19 affected individuals, families and health workers.  </p><p> "Crowdera will be extending its support through offering its products and services worth almost USD 150,000 (Rs 1 crore) free to organisations aiding the affected...The solution will help corporations and NGOs to quickly syndicate with their own employees, influencers, other foundations, or charity partners to raise funds 10X more than through a regular crowdfunding campaign," it said.   </p> Under this pledge, Crowdera has already extended its support to companies like Rapido, Repos, BYJU'S, SirfTaxi, and Tartl to engage their employees and partners in fundraising for the COVID-affected workforce.  SR  ABMABM

Apps don face masks to promote healthy practices amid COVID-19

From seeing Carnation start-up ten years ago to it now being profitable with 135 outlets, 45-year-old <keyword id="2415324" type="UNKNOWN" weightage="100" keywordseo="kunal-khattar">Kunal Khattar</keyword> has grown into a seasoned investor-entrepreneur.<br /><br />“I started doing angel investment in a personal capacity three years back. After about 7-8 investments, I decided to make it more structured. Initially, we were understanding the market and making smaller investments, now we are doing more calculated investments mainly in technology and automobile sector,” says Khattar relaying his Indian start-up advantEdge, pun intended.<br /><br />advantEdge is an early stage venture capital fund, focused on finding the best ideas and execution in emerging Indian tech sectors that have immense potential to become international businesses. advantEdge backs early-stage <keyword id="6362513" type="ORGANIZATION" weightage="20" keywordseo="Startups">startups</keyword> with a strong founding team, and a compelling value proposition and has made 18 investments so far. <div type="embedgroup"> <div type="Article" hostid="261" msid="58410595" title="Exclusive: Kris Gopalakrishnan Current Ace Investor and Infosys Founder Reflects Back on his Startup Days" rank="1.0" kind="RELATED" publishDate="Apr 28, 2017, 12:00 PM" mstype="2" mssubtype="0"></div></div>






“We focus on strong unit economics, a clear path to monetization and a scalable customer acquisition model. The fund invests between $100K to $1 million per transaction in angel, seed, and Series-A investments and we already have two exits,” says Kunal, proudly explaining how in the Indian market, the idea isn’t the key but the execution is.

    

    

    <div type="embedgroup"> <div type="Article" hostid="261" msid="58530625" title="Exclusive: From Starting-up in Silicon Valley to Investing in the Indian Capital, Kunal Khattar Knows Where the AdvantEdge Lies" rank="1.0" kind="RELATED" publishDate="May 05, 2017, 2:00 PM" mstype="2" mssubtype="0"></div></div>






<br />Khattar thinks that being in Delhi NCR gives him an upper hand as the capital is quickly taking over <keyword id="6354321" type="CITY" weightage="20" keywordseo="Bengaluru">Bengaluru</keyword> as the start-up capital of India. In numbers, Delhi has produced more unicorns than Bengaluru, Mumbai and Chennai combined.<br /><br />Kunal thinks that this is a great time to start-up as now serious businesses are being built with more strategic investments than ever before,”A lot of people become entrepreneurs for the wrong reasons as they think it is a way to become rich faster and gain fame. What they don’t realize is that they’re leaving a 9 to 5 corporate job for a business that is 24x7 and takes over your entire life,” says Khattar who asks the new entrepreneurs their priorities before investing in them.<br />

    

    

    <div type="embedgroup"> <div type="Article" hostid="261" msid="58422071" title="Exclusive- Kris Gopalakrishnan, Infosys Founder and ex-CII President says that the Real Innovation Success in India will Come in the Next 30 Years" rank="1.0" kind="RELATED" publishDate="Apr 28, 2017, 9:52 PM" mstype="2" mssubtype="0"></div></div>






He thinks that most successful companies become successful after two or three pivots giving Carnation as an example. “All of the successes like Paytm, MakeMyTrip, or even Naukri.com had a ‘near death experience’ which means that they were on the verge of shutting down before they found their way out. Failures should be celebrated, especially in an entrepreneur’s risky life,” Khattar says that giving up is not an option.<br /><br />With a hybrid approach with other VC partners, they have made strong investments in Rapido, FlipClass, OnlineTyaari, ScoopWhoop, Tripoto etc.and they aren’t stopping anytime soon. The only aim is to invest in real businesses and not copy-cats that will work for the Indian market.<br /><br />

You Searched For "rapido funding" and got 6 results

First 7 months of FY25 see significant surge in VC funding to India's startups: GlobalData

ANI

Rapido launches its first celebrity campaign with Ranveer Singh and Allu Arjun

BI India Partner

Almost one in five of India’s future unicorns drop off the race as funding winter bites

Katya Naidu

Battlegrounds Mobile India hits 50 million downloads on Play Store

IANS

Apps don face masks to promote healthy practices amid COVID-19

PTI

Exclusive: AdvantEdge Partner, Kunal Khattar on why Failure should be Celebrated in an Entrepreneur’s Risky Life

Tanya Dubey

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