Good morning,Seven months into 2021, India has had 18 startups enter the unicorn club.The newest is Gurugram-based B2B startup OfBusiness, which raised a $160 million spherical led by SoftBank’s Vision Fund 2. Existing buyers Falcon Edge Capital and Matrix Partners additionally participated in the spherical.The funding virtually doubled the startup’s valuation from $800 million to $1.5 billion, making it the 18th unicorn to enter the coveted $1 billion valuation club this yr. This yr, the Indian startup ecosystem has raised report funding. In the primary six months, whole funding raised by Indian startups touched $10.15 billion, already exceeding the $9.94 billion raised in the entire of 2020. This was raised throughout 543 offers from round 1,020 lively buyers in the ecosystem.You can obtain YourStory Research’s report on funding tendencies in the Indian startup ecosystem in H1 2021 for extra insights.The InterviewJumbotail is a number one B2B market and a brand new retail platform that’s empowering India’s kirana shops.Karthik Venkateswaran, Co-founder and CEO, Jumbotail and Ashish Jhina – COO and Co-founder, Jumbotail talks about utilizing capital optimally to empower kirana tales.Editor’s Pick: The journey to beginning ProtonnAnil Goteti, a key govt at Flipkart, and Mausam Bhatt needed to do one thing that scales to hundreds of thousands of customers. The duo checked out fintech, and so they checked out concepts that may assist folks talk higher, and launched Protonn.The business-in-a-box platform is focused at particular person professionals providing companies comparable to video advertising, scheduling, funds, and CRM amongst others. Read extra. Startup SpotlightMaking differentiated magnificence productsGarima Juneja noticed that the majority magnificence blenders take up the muse slightly than mixing it into the pores and skin. So, she launched D2C magnificence product startup Plume Beauty with an preliminary funding of Rs 1 lakh in 2019. Plume claims to have generated Rs 96 lakh in gross income in FY21, and the agency estimates that it’s going to attain Rs 5 crore income in FY22. Read extra. Credit: YourStory DesignNews & UpdatesBefore you go, keep impressed with… “The time for disruption in B2B commerce in conventional sectors of the financial system was lengthy overdue and has arrived.”— Asish Mohapatra, CEO and Co-founder, OfBusinessNow get the Daily Capsule in your inbox. Subscribe to our publication at the moment!
