It's like everyone these days has a sportswear brand. Just like everyone has an edtech or d2c consumer product with the build for Bharat crap

Founder

My go to brand is Jockey. Haven't seen any spam or PR from them either.

Because they are slowly deteriorating their quality

Product Manager

They had already raised $52 Mn 
  
 https://inc42.com/buzz/former-puma-india-executives-sportswear-startup-agilitas-mochiko/

Software Engineer

Welcome to Indian Startups's Private Community

Ex Puma India MD raises ~$12Mn for a new sportswear brand 😮😮

Analyst

Ex Puma India MD raises ~$12Mn for a new sportswear brand 😮😮- Grapevine

Welcome to News Discussion's Private Community

LightFury Games, a gaming startup launched by Karan Shroff, plans to utilise the new capital to develop AAA games in India and will initially focus on mobile gaming before expanding to other platforms, including consoles.

LightFury Games secures $8.5 million funding from Blume Ventures, others

Wow. $8.5Mn at Seed, that is some raise. Ex CMO of Unacademy started their gaming studio.

Growth Manager

I will go first: 
Supam Maheswari, 3 unicorns, 2 of them are profitable (FirstCry, Xpressbees) (Globalbees)

Kishore Biyani, founder BigBazaar

Who are the people in Indian Startup space you greatly regard to?

Software Developer

Welcome to Business Roles's Private Community

What's the highest you have seen in tech after 1CR in product role.

What after 1 crore ?

- Ultrahuman is in talks to raise $30-40 million, potentially led by SoftBank Vision Fund.
- The funds will be used to expand product range, manufacturing, and international operations.
- The company seeks a $300-million valuation, driven by its AI-based software.
- SoftBank has issued a term sheet, marking its first new investment in over two years.
- Ultrahuman previously raised $35 million in March, with significant backing from Zomato founder Deepinder Goyal. 

 Source: [The Arc](https://thearcweb.com/article/ultrahuman-mohit-kumar-softbank-wearables-deepinder-goyal-Nz85Jm6pRu0M2Q4P)

Ultrahuman Eyes $40 Million Investment Led by SoftBank

Journalist

Another consumer tech startup bites the dust :/

https://entrackr.com/2023/10/ex-myntra-ceos-startup-virgio-shuts-down-after-raising-37-mn/

Virgio shuts down a year into raising $37Mn

Get a tag(college/company) -> Open a startup -> Get Funding (even seed stage is fine) -> Burn money -> sell or shut down startup. 
  
 Fastest way to accumulate wealth in today's time.

Corporate Strategist

This is totally nuts. The guy isn’t even clear on his idea yet but seeks $100M in valuation

2021 level craze is back?

- Wealthtech firm Neo has secured Rs 400 crore in a funding round led by Japan’s MUFG Bank and New York-based Euclidean Capital LLC.
- The funds will be used to expand Neo's wealth-management division and enhance sponsor support for its asset management business.
- Neo's equity base now stands at Rs 1,000 crore, marking a significant milestone for the company.
- India's wealth management market is projected to grow at a CAGR of 4.56% during 2025–2029, driven by new-age startups and rising affluent class.
- Neo, launched in 2021, manages nearly Rs 35,000 crore in wealth management assets and is seeking an NBFC license to offer short-term loans. 

 Source: [Moneycontrol](https://www.moneycontrol.com/technology/peak-xv-partners-backed-wealthtech-firm-neo-raises-rs-400-crore-led-by-mufg-euclidean-capital-article-12793512.html)

Neo Raises Rs 400 Crore in Funding Round Led by MUFG and Euclidean Capital

https://techcrunch.com/2024/05/10/meesho-an-indian-social-commerce-with-150m-transacting-users-secures-275m-in-new-funding/ 

In current climate, great to see they’re able to raise! Folks at Meesho, some questions: 

- does anyone know if this is a down round?
- how’s the climate inside Meesho? Appraisals, hiring etc 
- are all employees allowed to sell in the secondary?

Meesho raises funding

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

Mensa brands fires 200 employees

BYJUs has raised a round of 700 M last week in a tight funding market, investors are said to be Middle East based sovereign wealth fund. It is said messi partnership and fifa World Cup had introduced the firm to Middle East sovereign funds

BYJUs has raised a whooping USD 700 m (6000 cr.) in this market

- Omnichannel jewelry startup **Giva** has raised **Rs 255 crore** in an extended Series B round.
- Early backers **A91 Partners** and **India Quotient** partially exited, realizing significant returns.
- Funds will be used to expand Giva's offline presence, which includes around **150 physical stores** nationwide.
- Giva's revenue grew by **96.4%** in FY23, reaching Rs 165 crore, while losses widened to Rs 45 crore.
- The company competes with brands like **Melorra, Bluestone, CaratLane**, and others.

Source: [Entrackr](https://entrackr.com/2024/10/giva-raises-rs-255-cr-a91-and-india-quotient-get-exit-worth-rs-166-cr/)

Giva Raises Rs 255 Cr in Extended Series B, A91 and India Quotient Partially Exit

Too many instances of global funds entering India. This will be interesting. The big existing ones (Peak, LSIP, Accel, Elevation) will be forced to deploy because the new ones will  have a lot more appetite. 

General Catalyst investing in Zepto for example. Entering with a bang.
Glade Brook, GC, and rumours of the two biggest ones in the US - one that used to exist earlier here.

Interesting times ahead for founders and invest.

Indian VC ecosystem heating up, global funds incoming

Investment Associate

Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?

Flipkart ESOP payout worth $700M

Tiger Global invests in an Indian startup after long (I think first investment this year)

The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the correction being witnessed in the quick commerce segment on the other.

Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation

Zepto becomes India's 1st 2023 unicorn

Everything kept aside, it’s genuinely awe-inspiring that they’ve been able to do this in a market with close to zero interest in consumer internet plays, and most models failing  
  
 There’s definitely something about the way they executed. And many good things are said within the ecosystem about Aadit as a founder!

https://www.cnbctv18.com/startup/bharatpe-turns-profitable-5-years-after-being-founded-ashneer-grover-rapped-by-delhi-high-court-18420851.htm?amp

Seems like $180Mn annualised revenue. Valued at 16.1x of revenue for the last round. Hmm.

- Nurix AI, founded by Mukesh Bansal, raised $27.5 million in seed and Series A funding co-led by General Catalyst and Accel.
- The startup aims to provide agentic AI solutions for enterprises, focusing on custom AI agents with human-like voice and reasoning capabilities.
- Bansal emphasized the need for deep integration and customization of AI within existing enterprise systems to boost productivity and efficiency.
- Nurix AI's first product targets AI-driven customer experience solutions for call centers and outbound sales, integrating popular large language models.
- The funds will be used to expand technological capabilities and scale operations in Asia and Northern America, aiming for a full-fledged launch soon. 

 Source: [Money Control](https://www.moneycontrol.com/news/business/startup/mukesh-bansals-nurix-ai-bags-27-5-mn-from-general-catalyst-accel-12828185.html)

Mukesh Bansal’s Nurix AI bags $27.5 mn from General Catalyst, Accel

https://entrackr.com/2023/09/rario-burns-through-120-mn-in-15-months-future-looks-uncertain/

Tell me no corruption was involved in this ;)

120 million USD gone in 15 months

Burnt through 60-70 crores per month (average) with 70 employees. Put the best combustion engines to shame.

- Sachin Tendulkar is venturing into entrepreneurship by launching a new sports athleisure brand with former Swiggy Instamart head Karthik Gurumurthy and ex-Swiggy executive Karan Arora.
- The holding company for the venture, SRT10 Athleisure Pvt Ltd, has already been registered, with Tendulkar and Whiteboard Capital on the board of directors.
- The startup is in advanced stages of raising capital from a top venture capital fund and aims to rival top brands like Nike with affordable pricing and local manufacturing.
- Demand for sports goods is at an all-time high in India, with shoes and apparel making up the majority of sales, and the market is attracting significant interest from entrepreneurs and investors.
- Tendulkar's new venture adds to the trend of celebrities launching their own brands, with other notable examples including Virat Kohli, MS Dhoni, Deepika Padukone, and Katrina Kaif. 

 Source: [Economic Times](https://economictimes.indiatimes.com/tech/technology/sachin-tendulkar-pads-up-to-be-an-entrepreneur/articleshow/112503455.cms?from=mdr)

Ex Puma India MD raises ~$12Mn for a new sportswear brand 😮😮

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Seems like $180Mn annualised revenue. Valued at 16.1x of revenue for the last round. Hmm.

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120 million USD gone in 15 months

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Sachin Tendulkar Launches New Sports Athleisure Brand