India has one of the largest populations of adolescents in the world – around 250 million. It’s no surprise that more and more brands are actively looking to cater to this segment. The media industry is not indifferent to this trend and Nyus Founder Puru Thakkar aims to disrupt this space by turning news items into memes.
Ola has raised about $139 million (Rs 1,048.6 crore) from a clutch of investors including IIFL, Edelweiss, and Sunil Munjal-led Hero Enterprise. While Edelweiss has invested about Rs 250 crore, IIFL has pumped in Rs 187.5 crore and Hero Enterprise has invested about Rs 112.5 crore. The funding values the company at about $7.3 billion.
In retrospect, 2021 would always be remembered as a landmark year for the Indian startup ecosystem and the whole craze of these new-age businesses to shun their private labels and go public. Not just from the perspective of the startups, even for the public markets and the crores of retail investors, 2021 opened up a whole new avenue for investments.
This week 51 Indian startups raised funding, of which 42 received a total of about $820 million. Ola raised the highest funding of about $139 million, followed by Shiprocket which raised $110 million. Pristyn Care became a unicorn by raising a $100 million round this week