Mumbai: Acko, the insurtech start-up which turned unicorn last year, has decided to up its marketing budget from Rs 150 crore in the last fiscal, to Rs 250 crore in FY 23. Out of this, over Rs 25 crore will be on sports related activities, said a top executive. “Our marketing budget is split between …
acko: Acko earmarks over Rs 25 crore on sports sponsorships in FY23 Read More »
In 2021, European VCs were on a high. Startups on the continent raised €100bnwhile investors themselves raised nearly €20bn for new funds. But, amid all the excitement, one thing didn’t change: the percentage of funding heading towards women founders. Last year, all-women founded startups raised just 1.1% of investment in Europe, while 8.8% of investment …
Only 15% of VC general partners in Europe are women Read More »
Are the days of free-flowing cash for start-ups finally over? After more than a decade of investors pouring money into seemingly any new company, profitable or not, many now look to be pulling back as interest rates rise to curb surging inflation and the global economy hits all kinds of turbulence. Tech companies have already …
What Happens to Fashion’s Start-Ups When Funding Dries Up? Read More »
Government officials have said a recession in the US is “pretty likely” in the near future. But it’s still a good time to launch a business, experts told Insider. Here’s why aspiring entrepreneurs should consider starting up right now. Despite the news of major technology companies beginning hiring freezes, consumer prices rising, and government officials …
Why It’s the Right Time to Start a Business, According to Experts Read More »
In the present fundraising climate — set against the backdrop of the tech market slowdown — the global investment community is looking to protect itself. There’s more pressure on investments, and on founders, as investors chase deliverables — fast. But turning into VC money isn’t the only option Europe’s founders have when they’re looking at …
Why bootstrapping your startup is better than VC Read More »
Bengaluru: Gergely Orosz, one of the early angels in troubled ed-tech firm Invact Metaversity, has told investors of the company that its cofounder and CEO Manish Maheshwari, wants ‘more equity than vested’. Maheshwari, the former Twitter India head, had earlier said he would leave the startup but has gone back on his words, alleged Orosz. …
One of the early angel investors in the troubled ed-tech firm Invact Metaversity, Gergely Orosz, has raised concerns publicly about the ongoing conflict between the company cofounders Manish Maheshwari and Tanay Pratap. In an email to investors of the company, Orosz said that Maheshwari wants ‘more equity than vested’. Maheshwari, the former Twitter India head, …
Direct-to-consumer (D2C) startups shone this week, led by Lenskart subsidiary Neso Brands, which bagged its first funding. GrayOrange and B2B marketplace Fashinza were the other startups that landed big bucks. Lenskart’s Neso Brands raised over $100 million Neso Brands, a Lenskart subsidiary that invests in D2C eyewear brands, raised more than $100 million in its …
lenskart: ETtech Deals Digest: D2C startups steal the show Read More »
“You can often pick up significant market share in an economic downturn by just staying alive,” top startup accelerator Y Combinator wrote in an internal email to its founders this week. The advice was one of 10 bullet points in a memo meant to help its companies navigate the economic downturn crushing tech. Other standout …
It’s not business as usual (and investors are admitting it) – TechCrunch Read More »
Benchmark’s Bill Gurley tweeted in April 2022, “An entire generation of entrepreneurs and tech investors built their entire perspectives on valuation during the second half of a 13-year amazing bull market run.” With VCs raising larger and larger funds, startup founders had become accustomed to certain key performance indicators (KPIs) set by VCs who were …
How early-stage startups can adapt to the new VC landscape Read More »
