28/08/2019 Newsletter

Industry News

Unlisted Indian companies could soon find it easier to raise capital overseas through depository receipts. The Securities and Exchange Board of India (Sebi) is planning a liberalised regime for the issue of global depository receipts (GDRs) and American depositary receipts (ADRs) that will help startups and others raise funds, said two people with the direct knowledge of the matter.
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Funding News

DSG Consumer Partners has made the final close of its third flagship fund at $65 million (about Rs 465 crore), and the first close of its second buildout fund at $35 million.
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Bengaluru-based fintech startup Recko has raised additional funding from global and Indian angel investors in a follow on funding round after it received seed investment from Prime Venture Partners. The company did not disclose the exact amount it has raised.
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Motorcycle taxi firm Rapido has raised Rs 390 crore in fresh funding, led by Westbridge Capital, as it looks to expand services to cover 100 cities and touch 1 million daily rides within the next one year.
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Vedalabs, an AI startup that helps retail stores, on Monday said that it has raised an undisclosed amount as a part of its pre- Series A round from end-to-end retail store solutions provider Satin Neo Dimension, to expand its reach in retail analytics.
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Other News

Venture capital firms are rushing to snap up startups early by launching separate seed-stage funds, specialised accelerators and mentorship programmes, in a hyped up deal-making market.
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Videos are emerging as the preferred way to communicate with prospective consumers for early stage consumer internet startups, as they expand user base beyond metros.
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