More start-ups are founded every year in Bengaluru than in San Francisco
February 15, 2021
×
In 2015, as many as 3,080 firms were founded in the Indian city as against 2,040 companies in the US city, according to Tracxn
Bengaluru, the start-up hub of India, is giving its global counterpart, San Francisco, a run for its money of late. As per data from Tracxn, a firm that tracks investments and financials of private companies and start-ups, the number of start-ups founded in Bengaluru has been significantly higher than in San Francisco in the past five years.
For instance, in 2015, 3,080 firms were founded in the Indian city, as against 2,040 companies in the US’s San Francisco. Similarly, in 2018, 1,564 start-ups were founded in Bengaluru as compared to 1,278 in San Francisco. Likewise, in 2020, Bengaluru’s count stood at 805, whereas the US city’s figure was 619.
It has raised around Rs 880 crore in six years, earned Rs 27.5 crore but lost Rs 338.4 crore. Critics may scoff, but Dunzo's backers aren't complaining, and co-founder Kabeer Biswas is chilled out. Meet the 35-year-old entrepreneur who is brutally candid about his intent, limitations, aspirations, and the compulsive need to raise more money
PE-VC investments in cybersecurity firms plunged to 6-year low in 2020
January 27, 2021
‘Investors focused on companies with ability to break even’
The country went on a nationwide lockdown last year and many companies shifted to work-from-home practices. But this scenario made it easier for cyber criminals to attack networks with targeted malware and resulted in an increase in cyber-attacks across India, forcing organisations to strengthen their security frameworks.
However, contrary to expectations, private equity and venture capital investments in cybersecurity companies last year in India were the lowest in the last six years. As per data from Venture Intelligence, a firm that tracks private companies’ investments, financials, and valuations, PE-VC investments in the segment in India was only $14 million in 2020. While seven companies were funded last year as against six in 2019, the funding amount fell nearly 92 per cent from 2019’s figures.
By siliconindia | Tuesday, 05 January 2021, 09:17 Hrs Bengaluru based Insuretech startup Finsall has raised Rs 2.4 crore in seed round from Unicorn India Ventures. The round also saw participation from SEA Fund, Karthik Sridhar (CEO, SupplyAI) and Tirumala Gudla (Former 3M, Tech M). Finsall platform is currently operational in the major metros across India. With the funds raised, the company plans to expand and strengthen its presence in tier I cities and venture into tier II cities across India where they see a market and demand for their services.
Tim Mathews, Co-founder & CEO, Finsall, says, “Our vision behind Finsall was to ensure that under-insured and un-insured customers get access to funds for buying insurance. This vision was deep rooted because of the ground realities that we encountered across the length and breadth of India, during the prelaunch surveys and road shows conducted by us. We have witnessed a significant rise in th