Accel Invests $9 Million in Uppercase, Doubling Valuation to $60 Million

Folks are calling out Upcred.ai for non-sensical JD. I was surprised to learn it’s a Cred (invested)company 😂

Udaan is planning to raise additional 250 million dollars from existing investors. Udaan is expecting to undergo massive valuation undercut. Link: https://entrackr.com/2023/08/exclusive-udaan-in-talks-to-raise-new-round-valuation-may-drop-significantly/

Hello guys, I would want to know what is the benefit of getting ESOPs in an early stage startup? The startup has a great team and working on a promising product. I have been offered a package with somewhat lower fixed component and somewhat higher ESOPs. Need insightful pointers here. TIA :)

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League. The Deal: - Rare instance of consolidation in the Indian VC market - VH to be rebranded as General Catalyst India - GC plans to invest $500 million to $1 billion in India over the next three years - Acquisition driven by desire to build strong local team and tap into local LP network But the move also raises important questions. Will this trigger a wave of consolidation in the Indian VC market? Will other global firms follow suit and snap up local players to gain a foothold in the country? And how will this influx of foreign capital shape the trajectory of India's startup ecosystem? As the dust settles on this landmark deal, one thing is clear: India's startup scene is entering a new era, one where local innovation and global capital are increasingly intertwined.

Always long on India 🇮🇳 Image Credits: The Arc

That's a crazy seed round

After sequoia rebranding, funds leaving the country, hearing that accel is looking to cut down on India investment corpus. Big news for a top global fund to step back.

https://www.moneycontrol.com/news/business/mensa-brands-fires-200-employees-as-business-shows-signs-of-slowdown-10699211.html

- Accel gearing up for eighth India fund, aiming for $600-700M by end of 2024 - First major VC fundraise after 2022's funding winter, signaling potential market thaw - Firm's stable team and strong track record expected to attract significant LP interest - Accel known for early bets on Flipkart and Freshworks, seeks to maintain early-stage edge - Company culture praised for alignment and handling of failures, but some sector gaps noted Source: [The Arc](https://thearcweb.com/article/accel-india-fund-flipkart-freshworks-venture-capital-1lhpqpT5OmDbBxTs)

Loyal equipment has raised 15 Crore capital from HNI investors for business growth Source: sovrenn.com/education