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Today's Capsule

The making of IndiaMart from Rs 40,000 to Rs 474 crore IPO; The journey of Uber's Apurva Dalal

The making of IndiaMart from Rs 40,000 to Rs 474 crore IPO


IndiaMart, which was set up at the height of the dot com boom and went on to survive the bust, launched its Initial Public Offer (IPO) on June 24, 2019, with a price band of Rs 970-973 to raise over Rs 474 crore. In this exclusive, in-depth story read how Dinesh Agarwal, Founder & CEO of IndiaMart InterMesh, founded this B2B ecommerce company in the early days of the internet era, how he scaled his business, and what the IPO means for him personally. 


IndiaMart

Co-founders of IndiaMart Brijesh and Dinesh Agarwal.



[Techie Tuesday] The serendipitous yet super-Uber journey of Apurva Dalal


For Apurva Dalal, Head of Engineering at Uber India, success is about the impact he creates – be it in developing exciting tech products with a global appeal, building large teams from scratch, or mentoring engineers into larger, more challenging roles. Belonging to a Gujarati family in Mumbai that has run businesses for generations, Apurva did not want to go into business. Instead, he chose engineering. That was just the first step. And there has been no looking back since.


Techie Tuesday: Apurva Dala

It all started for Uber's Apurva Dalal when he chose to study engineering, something that nobody else in the family had ever done.



 We want to shape the future in a sustainable manner: SwissRe India MD Amit Kalra


Swiss Re India’s Shine is a social innovation programme for entrepreneurs with ideas that can bring about change. In this video interview with YourStory Business Editor Vishal Krishna, SwissRe India MD Amit Kalra reveals why social entrepreneurship is important.




Blockchain startups are aiming to build trust with decentralised apps


Is there such a thing as trust among human beings? Many would say yes, though there are exceptions. Now, blockchain is being used to build that trust through transparency. Many said RBI’s decision marked the end of blockchain in India, a technology that is being widely adopted everywhere. But, state governments began to champion blockchain use cases beyond crypto. Today, blockchain is in focus with the advent of decentralised applications (dapps) and networks.


Blockchained India

Blockchained India, the platform for blockchain junkies in India, promotes decentralised apps, and believes that the world will be more transparent if data is handled with blockchain.



Why industrial giant ABB is betting on Indian tech startups


Swiss-Swedish MNC Asea Brown Boveri (ABB) is embracing the new. The Fortune 500 company is now looking to form “mutually beneficial” relationships with young tech startups in India. The aim is one: help bring to market innovative solutions that complement ABB’s product portfolio. ABB Technology Ventures (ATV), the venture capital unit of the group has invested more than $200 million into startups worldwide.


ABB India CEO Sanjeev


Meet the model and woman entrepreneur who wants to remove the stigma surrounding vitiligo


Vitiligo is a skin condition where pale white patches appear on the skin, due to loss of melanin. People with this condition face a lot of stigma in the country, even today. This often leads to lack of confidence and self-esteem. It’s here women like Ninu Galot are making a difference. She is not just another person fighting the disease, but openly speaking up against the stigma faced by vitiligo patients.


Ninu Galot


How this startup is tackling the plastic menace with stylish eco-friendly bags


EcoRight is attempting to tackle the plastic menace in India by selling well-designed, eco-friendly bags as a replacement. It has also entered into a licensing agreement with Disney, and hopes to launch 10 new product lines in the near future. The company claims that each bag will, in turn, replace the use of 50-100 plastic bags. Having sold over one lakh eco-friendly bags, EcoRight has prevented the use of at least 5,000,000 plastic bags.


EcoRight manufacturer

The Ahmedabad-based startup now employs around 50 people.



Cure.fit raises $45M, closes Series D round at $120M


Bengaluru-based health and fitness startup Cure.fit on Tuesday announced that it has closed a total of $120 million in its Series D round. The startup had raised $75 million in April 2019 and an additional $45 million now. The round, which is a mix of equity and debt funding, is led by Chiratae Ventures (formerly IDG Ventures), Accel Partners, Kalaari Capital, and Oaktree Capital. New investors Epiq Capital, Unilever Ventures, Innoven Capital, and Kotak Mahindra Bank also participated in the funding round.


Cure.fit

Ankit Nagori, Co-founder, Cure.fit


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Past Capsules

Tuesday, June 25, 2019

Walmart CEO Doug McMillon's plans for India; How Uber plans to conquer the skies

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Monday, June 24, 2019

There's always a simple solution - your startup fix for the week

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Sunday, June 23, 2019

This weekend, explore Chef Ranveer Brar's first food adventures, dive into the old city of Jerusalem, and more

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Saturday, June 22, 2019

Indian startups raise $220 million this week; Google Neighbourly becomes more social

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Friday, June 21, 2019

Druva, Droom raise funds; Indian institute giving wings to Tibetan refugee entrepreneurs

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Thursday, June 20, 2019

How China’s biggest angel fund plans to conquer India; Car Dekho enters insurance segment

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Wednesday, June 19, 2019

5 startups win WhatsApp's grand startup challenge; Razorpay raises $75M

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Tuesday, June 18, 2019

Meet YourStory’s third Maverick; Bounce raises $72 million in Series C

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Monday, June 17, 2019

Chase the vision - your startup fix for the week

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Sunday, June 16, 2019

A tête-à-tête with actor Rajeev Siddhartha; Culinary wisdom from Chef Marco Pierre White - your weekend fix

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Saturday, June 15, 2019

Shahid and Mira Kapoor invest in yoga startup SARVA; Meet women redefining AI in the Indian industry

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Friday, June 14, 2019

Facebook makes its first investment in an Indian startup; What the future holds for Grofers

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Thursday, June 13, 2019

Zomato successfully tests food delivery by drone; Bridging the gaps in education in Tier II and III India

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Wednesday, June 12, 2019

Techie Tuesday is back - this week, meet the woman who helms the tech powering Uber

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Tuesday, June 11, 2019

What's next for short-video platform Roposo; Tiger Global leads Series A funding in OkCredit

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Monday, June 10, 2019

Any time is a good time to start a company - your startup fix to the week

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