For many years now, Mridul Arora, Managing Director, SAIF Partners, has been focussing on consumer internet businesses in the fintech and healthtech space. Speaking about his investment philosophy, he says the Indian startup ecosystem today has seen a sea of change. In a conversation with YourStory, Mridul speaks about the fund’s investment thesis, philosophy, and the key investment trends.
Amazon, Flipkart festive sales generate over $1B GMV
The six-day ongoing festive sale period of competing ecommerce majors – Flipkart and Amazon, has generated over $1 billion of gross merchandise volume (GMV), according to RedSeer Consultancy.
Entrepreneur Kantilal Parmar’s success with Chamundi Agarbathi
Chamundi Agarbathi is a Bengaluru-based brand that was started in 2010 in a 1,200 sq ft space. The company now exports its agarbathis to various countries, recording an annual turnover of Rs 20 crore.
5 startups making the most of AI to solve social problems
Artificial Intelligence has changed the way industries function – from providing solutions in healthcare and social sectors to addressing farmers’ woes. An important tool, these 5 startups are disrupting diverse industries with their socially relevant ideas
5 women-led startups offering eco-friendly alternatives to plastic
As we become more aware about the harmful effects of plastic, it’s important to make the switch to eco-friendly products. Take a look at these five startups led by women, that offer a range of sustainable alternatives.
What India should do to be EV-ready by 2022: Ola
Ola Electric, ride hailing unicorn Ola’s EV entity, has published a report in collaboration with the World Economic Forum. The report suggests building a strong value chain to ensure adoption of e-mobility, and focuses on the challenges faced by the sector.
Petrol pump on wheels: Repos Energy clocks Rs 2 Cr turnover in 2 years
Repos Energy is fuelling door-to-door delivery of diesel, thereby tackling dead mileage, spillage, pilferage, and adulteration. Backed by Ratan Tata, it’s stepping on the gas to target over 65 percent of India’s daily diesel consumption.
Udaan raises investment of $585M led by Tencent, Altimeter, others
Udaan, a B2B ecommerce platform has raised $585 million funding led by Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures. With this round of funding Udaan’s valuation is said to be $2.5 billion to $3 billion.