Payal Ganguly

US-based early-stage venture capital firm General Catalyst has taken on Venture Highway's portfolio in India to set up General Catalyst India. The team will now lead investments for General Catalyst in India from its ongoing fund, backing startups across early and growth stage.

The company will use the capital for geographical expansion to 40 new countries. At present it works with fashion apparel brands across 18 countries. Part of the capital will also be used for technological advancements and talent acquisition.

Mensa Brands’ MyFitness, which claims to have clocked Rs 300 crore ARR with its SKUs in peanut butter category, is looking to expand into adjacencies including breakfast cereal and protein supplements and bars to tap into its customer base.

On-demand services platform Urban Company said it recorded a profitable first quarter for FY25, projecting a net revenue run rate of Rs 1,130 crore for the year. Co-founder and CEO Abhiraj Singh Bhal also said that the company was targeting a public listing in the coming year.

On-demand services platform Urban Company said it recorded a profitable first quarter for FY25. Co-founder and CEO Abhiraj Singh Bhal also said the company was targeting a public listing in the coming year.

Developed for in-house management of various lines of business, BigBasket’s SaaS platform, BB Matrix, will offer its supply chain platform to external customers. The platform is currently being piloted with companies in the electronics and automotive sectors, said a spokesperson.

At the maiden edition of Tamil Nadu Story 2024, Dr A Velumani, Founder of diagnostic chain Thyrocare Technologies, spoke about breaking barriers and focusing on a single disorder to build a $1.5 billion business.

The VC and PE ecosystem is looking out for thematic funds and resolution of longstanding demands on taxation of carry, ESOPs, and opening up new sources of domestic capital as part of the upcoming Union Budget 2024.

Stakeholders in the Indian startup ecosystem believe the Union Budget announcements on taxation for unlisted securities and thematic funds will have a long-term impact on the domestic startup ecosystem.

FirstCry parent Brainbees Solution which will open for subscription for its IPO on August 6 has informed the markets that it has raised Rs 1,885.5 crore from 71 anchor investors.