India is showing early signs of emerging as a global hub for blockchain development as global and local companies expand operations here to tap its large tech talent pool, even if many aren’t formally trained
@PratikBhakta_89 reports on the boom 👇
The CapTable
4,790 posts
The CapTable
@thecaptableco
Joined January 2021
- Dream11's Harsh Jain is setting up a VC fund, Tenacity Ventures, that will back early growth stage startups Fund size is still being finalised, but Jain may put $100 mn This comes as more founders are formalising startup investments ✍️@madhavchanchani
- Hello from The CapTable! We are an independent subscription news platform bringing you actionable news and sharp insights on India’s new economy. Think of us as an optimistic critic of the startup ecosystem. the-captable.com
- 🚨🆕BharatPe’s Suhail Sameer, who launched OTP Ventures last year, is aiming to raise $50M for its first fund. He hopes to reach the first close at 40-50% of this total by June. The CapTable got hold of his pitch deck to LPs. 🧵👇
- In 2021, 40 fledgling companies in India’s technology ecosystem gained unicorn status. Our team has actively focused on breaking down business models of major unicorns, old and new. As 2021 ends, we share with you some of our in-depth coverage. 🧵
- India is set to add a record number of Unicorns in 2021. But as startups raise capital at much higher valuations, so does the burden of expectations Hope capital has been raised, now startups need to execute, ✍️ @madhavchanchani in The Crux today the-captable.com/2021/04/the-bu…
- 🚨☕️A lot is brewing inside one of India's largest and fastest-growing coffee chains, Third Wave Coffee. Despite being backed by big-name angel investors and private equity firms, Third Wave appears to have bitten off more than it can chew. Here’s what’s happening 🧵👇
- 🛺Uber has asked the GST Council why it is paying GST when rival Namma Yatri is not. The outcome of this complaint could impact the wider ride-hailing industry and ONDC. A thread.
- In June, IndiGo announced it would begin flights to six countries—Azerbaijan, Indonesia, Kenya, Uzbekistan, Kazakhstan, and Georgia. Here’s why India’s leading domestic carrier picked such seemingly fringe destinations.🧵⬇️
- 🚂✈️ In FY23, ixigo accounted for almost half (47.7%) of the Rs 10,000 crore gross booking value (GBV) of India’s rail OTA market. It built this dominance on the back of a contrarian bet on rail. Now, it also wants a bigger piece of air travel and hotel bookings. A 🧵
- BREAKING NEWS: #Zomato has filed its #DRHP. Top 3 highlights: 1. IPO size is Rs 8250 crore or $1.1 billion, 2. Zomato to raise primary of $1 billion 3. And Info Edge to sell shares worth $100 million sebi.gov.in/filings/public…
- 🚨🚨Alpha Wave Global, one of India’s biggest and most aggressive late-stage startup investors, has decided to halt startup investments in the country from its $10.7 billion fund, which initially was launched to invest in startups globally. What prompted this? A thread
- Cred is building new lending partnerships as it ramps up the credit biz, Cred Cash. The idea is to monetise the existing customer base and move closer to the super-app format. @PratikBhakta_89 and @AditiS90 find out if Kunal Shah’s bet will pay off.
- 💡Zoho founder and CEO Sridhar Vembu is a staunch advocate for the need to invest heavily in R&D, and it is this focus that is powering the company’s transformation into a software-plus-plus business. A thread:
