PedalStart: Nurturing Startup Visionaries with Mentorship and Acceleration

Three points you will get to know in this article: Many aspiring entrepreneurs are constantly seeking the perfect mentorship to guide them on their journey into the startup world. PedalStart, based in Gurugram, has ingeniously embraced this concept by providing a community-centric platform. Here, budding entrepreneurs have the invaluable opportunity to glean insights from industry experts, refine their ideas and…

Seafund Ventures into EV and Clean Mobility: Backs Five Deeptech Startups

Three points you will get to know in this article: Seafund, a budding venture capital enterprise in its early stages, is in the process of raising its second fund, aiming for a substantial corpus of INR 250 Crores. The firm has recently thrown its support behind five innovative deeptech startups, channeling a total investment of INR 5 Crores into these…

Mamaearth, Gearing Up for IPO, Reports INR 151 Cr Loss in FY23 Due to Goodwill Impairment

Three points you will get to know in this article: Mamaearth, the direct-to-consumer (D2C) unicorn gearing up for its IPO, faced a financial setback in the fiscal year ending March 31, 2023, due to a one-time loss. The parent company, Honasa Consumer Limited, helmed by the husband-wife team Varun and Ghazal Alagh, witnessed a shift from the previous fiscal year’s…

Delhi Government Targets Supporting 15,000 Startups by 2030

Three points you will get to know in this article: • Delhi government finalizes draft of startup policy to support and encourage 15,000 startups by 2030.• The policy includes collateral-free loans, expert guidance, and support for college students.• Delhi aims to establish itself as a global innovation hub and preferred location for startups by creating a supportive ecosystem for entrepreneurship.…

Footwear Brand Inc.5 Shoes Raises $10 Million in Series A Funding

Three points you will get to know in this article:• The direct-to-consumer (D2C) market in India is rapidly growing, with the fashion and clothing segment expected to reach $43.2 billion by 2025.• Inc.5 Shoes plans to expand its presence in urban areas and target Tier 2 and select Tier 3 cities.• Mumbai-based footwear brand Inc.5 Shoes raises $10 million in…

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