Tag: nasscom
High-profile entrepreneurs launch $85 million fund to back Indian SaaS startups
Four high-profile Indian entrepreneurs who are among those who kickstarted India’s SaaS journey, building and helping startups scale and win customers globally and also backed about 100 such firms, are ready for their next phase of participation in the country’s startup ecosystem. The group — Girish Mathrubootham of Freshworks, Manav…
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AngelList India head Utsav Somani launches micro VC fund to back 30 early-stage startups
As investors get cautious about writing new checks to early stage startups in India amid the coronavirus outbreak, AngelList’s head in India is betting that this is the right time to back young firms. On Wednesday, Utsav Somani announced iSeed, a micro VC fund to back up at least 30…
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70% of Indian startups will run out of money in less than 3 months
More than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, home to one of the world’s largest startup ecosystems, have less than three months of cash runway in…
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Investors, startup founders in India pool $13M to fund projects that fight coronavirus
More than 150 investors and entrepreneurs in India are funding dozens of projects in a bid to help millions better combat the COVID-19 epidemic and help the nation’s booming startup ecosystem withstand the economic devastation the pandemic has caused. The investors said they have contributed 1 billion Indian rupees —…
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Startups, VCs in India request ‘relief package’ from the government to fight coronavirus disruption
More than six dozen startup founders, venture capitalists, and lobby groups in India have requested the government to grant them a “robust relief package” to help combat severe disruptions their businesses face due to the coronavirus outbreak. In a joint letter to India’s Prime Minister Narendra Modi, startups requested the government…
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