Fibonacci X’s Post

With ShareChat becoming the latest to have a down round (slashed by 60% to under $2 Bn from its peak of $ 5 Bn), as I keep stating — this is the new normal and mostly good in a way. Rationality has returned along with a focus on reduced cash burn, unit economics and a road to profitability. Gone are the days of FOMO investing resulting in bloated paper valuations which had no chance to stand in public markets. Finally investors are also getting smarter by not giving cheap and easy capital away insisting on business fundamentals. While some keep moaning about this 'Funding winter', they need to get used to this. No one is going to fund you these days if you are inefficient and burning or need capital to sustain. Rather, building slow and the right way is what is in vogue, if one were to look at data. And away from the glamour of hyped up startup media news or reality startup TV (that's so cringe and complete trivialisation of anything startups). Be realistic and good investors will find you anyhow. Next 3 years will produce some really good quality companies built on basics and these will scale and go public also. That's when the 12-15 year old Indian startups ecosystem will come of age. You can't have 5-10 big branded startups hogging the limelight on paper valuations and setting wrong expectations. You need 100s of solid companies built the slow sustainable way with long term vision founders at the helm who innovate. DM me if anyone is building this way (Steady rev stage only) - let's chat on how Factoryal can add value . Dashradh Ram Nutakki #india #startups

For far too long, India’s start-up ecosystem has glorified building castles in the air—focusing on flashy customer acquisition strategies while leaving the foundation-building for later. Billions of dollars are burned chasing vanity metrics, yet when it comes to upgrading core industries or investing in real, scalable tech processes, the focus is often lacking. Meanwhile, while the start-up ecosystem was busy cheerleading “growth at all costs”, some (sane) businesses took a different route. They quietly invested in: 👉 Efficient tech-driven processes 👉 Sophisticated physical infrastructure And guess what? These businesses created 𝘳𝘦𝘢𝘭 𝘸𝘦𝘢𝘭𝘵𝘩—not the kind that looks good on pitch decks, but the kind that builds enduring legacies. Over the past decade, they’ve shown us how sustainable value is built. And over the next decade, they’ll likely create even more. The question is: 𝘐𝘴 𝘵𝘩𝘦 𝘴𝘵𝘢𝘳𝘵-𝘶𝘱 𝘦𝘤𝘰𝘴𝘺𝘴𝘵𝘦𝘮 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘭𝘪𝘴𝘵𝘦𝘯? #ProcessAutomation #StartUp 📝 I regularly write about Technology Systems for Businesses. To stay updated, join Ascent’s WhatsApp Community: https://lnkd.in/dTVCKCJm Regards, Amish About Ascent: Ascent works with growth-oriented emerging enterprises to automate their business processes using technology and helps them efficiently scale operations!

Catch up on the latest happenings in the startup world 🚀 #startupnews #ipv #startupnewsfyi

🚀 Exciting Updates at AnyTechPros + Upcoming Startup Summits in India! 🚀 At AnyTechPros, we’re driving forward with new collaborations and advanced tech solutions. Recently, we became the official tech partner of Gupshup.io for WhatsApp marketing services, expanding our digital engagement capabilities across private and government sectors. We're also launching comprehensive membership plans that include Website Development, Hosting, and CRM Setup to provide holistic digital solutions. Looking ahead, the next few months in India are packed with must-attend events for startups and entrepreneurs looking to connect, learn, and grow: TechSparks 2024 by YourStory | 📍 Bengaluru | Nov 9-10 A massive event for tech-driven insights in areas like AI, fintech, and sustainability. Leap India Start-Up Summit by Dun & Bradstreet | 📍 Mumbai | Nov 16 Focused on scaling sustainable startups with deep dives into financing, regulatory insights, and business tech. 21BY72 Global Startup Summit | 📍 Surat, Gujarat | Dec 6-7 A major global platform for investors, mentors, and innovators to connect with aspiring businesses. Stay tuned for more updates from AnyTechPros, and don’t miss these prime opportunities to boost your startup’s growth! 🌐✨ #AnyTechPros #StartupIndia #Innovation #BusinessExpansion #TechSparks2024 #LeapSummit #21BY72 #Growth #Startupindia

#MorningUpdates: 1. SolarSquare Energy raises $40 Mn in Series B led by Lightspeed 2. Fintech Startup Snapmint Bags $18 Mn To Launch New BNPL Products 3. Former Flipkart exec Ayyappan R's latest venture FirstClub Technology Private Limited raises $8M in seed funding 4. BFSI skilling platform Finx Learning raises $6M in seed funding from Elevar Equity 5. Veranda Learning gets approval to raise Rs 250 Cr via preferential issue 6. WhatsApp, Facebook & Instagram Down For Several Users Across India 7. ChatGPT down for users globally, OpenAI says “working to roll out a fix” 8. Legitquest raises $660,000 in ongoing round from existing investors InfoEdge, WaterBridge Ventures

The Latest Startup Funding Buzz 1.    Payabli is a next-gen Payments Infrastructure and Monetization Platform helping software companies make Payments a core part of their business model through a single developer-friendly API. They garnered $20 million in a Series A fund raise. 2.    Rocketlane is a purpose-built PSA and client onboarding platform that helps businesses deliver predictable outcomes, accelerate time-to-value, and improve team utilisation and project profitability secured $24 million in their Series B funding round. 3.    adonis, a leading healthcare financial technology platform based in New York City, raised $31 million in Series B financing. 4.    Bright Machines is an industry-leading software and robotics company that offers a full-stack automation solution for manufacturing. They secured $126 million in a Series C funding. 5.    Daytona, an open source development environment manager, secured $5 million in seed funding to fuel its mission of democratizing development for developers globally. 6.    Arrow, a cutting-edge healthcare technology company committed to delivering innovative solutions, launched officially, bolstered by $110 million in Series A funding secured in 2022. 7.    Coder secured $35 million in capital to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally. 8.    Foray Bioscience, a startup sowing the seeds for plantless plant products, raised $3 million in seed funding, led by ReGen Ventures. Startups and funding alert on WhatsApp: https://lnkd.in/dDmwtnNH #ai #funding #appdevelopment #datingapps #saasmarketing #appscrip #telemedicine #transportation #sasigeorge #chatbots

Shweta Rajpal Kohli, former Peak XV Partners executive and public policy expert, has launched the Startup Policy Forum (SPF), a platform aimed at empowering and boosting India’s startup ecosystem. Set to launch on National Startup Day, January 16th, SPF seeks to bring together founders, policymakers, and regulators to enhance government initiatives for startups. Initially limited to 100 select startups, SPF has already onboarded 30 prominent members, including Razorpay, CRED, Swiggy, and Bluestone. The forum has established four sector-specific councils focusing on fintech, consumer commerce, emerging technologies, and public companies. SPF will support startups with expertise in public policy, legal affairs, taxation, and marketing to foster innovation and collaboration. Read more - https://lnkd.in/ga4R_wRv To share your startup information write us on - startup@viestories.com For Startup funding reach out us at: https://lnkd.in/gqwTnHME Join Our WhatsApp Channel To Get The Latest Updates & News: https://lnkd.in/esJEFzan #IndianStartups #StartupPolicyForum #Innovation #Entrepreneurship #ShwetaRajpalKohli #StartupEcosystem #Fintech #EmergingTech #AI #PublicPolicy #India2047 #NationalStartupDay #JobCreation #GovernmentCollaboration #StartupSupport

Summary: ShareChat, a popular social media startup in India, has seen its valuation plummet from $5 billion to $2 billion following a new funding round. The company has experienced a positive year, cutting expenses and doubling revenue, but has still faced a significant decrease in valuation. Key takeaways: ShareChat's investors, including Google and Tencent, have seen their debt convert to equity at a valuation below $2 billion in the latest funding round. Despite facing strong competition from Instagram and YouTube, ShareChat remains the largest standalone social media app in India and is focused on live-streaming as a differentiating factor. ShareChat has been able to reduce expenses and increase revenue through cost optimization and investment in AI talent. Counter arguments: Some may argue that ShareChat's decrease in valuation is a sign of potential challenges in the Indian market and the company's ability to sustain growth. There may also be concerns about ShareChat's reliance on monetizing through advertisements, particularly as the Indian government is considering stricter regulations for social media platforms. #valuations #tech #private

💰 Biggest Funding Rounds of H1 2024 – Who’s Leading the Pack? 🚀 The startup ecosystem in India continues to flourish, with Zepto leading the way by securing a massive $665 million in funding! Here’s the breakdown of some major players: 1️⃣ Zepto ($665 Mn) – Reinventing quick commerce. 2️⃣ PharmEasy ($216 Mn) – Transforming healthcare delivery. 3️⃣ iBus ($200 Mn) – Innovating digital infrastructure. 4️⃣ Avanse ($120 Mn) – Financing education dreams. 5️⃣ Atlan ($105 Mn) – Revolutionizing data collaboration. 6️⃣ Pocket FM ($103 Mn) – Shaping audio content for the masses. 7️⃣ Shadowfax ($100 Mn) – Leading logistics tech. 8️⃣ Perfios ($80 Mn) – Powering fintech innovation. 9️⃣ Vivifi ($75 Mn) – Driving credit accessibility. 🔟 Fibe ($67 Mn) – Simplifying personal finance. India’s startup ecosystem shows no signs of slowing down! 🚀 From data tech to healthcare, each of these companies represents a unique vision to disrupt their industries. This is just a glimpse into how innovation and investor confidence are fueling growth. 🌟 Did you know? India’s total funding in the first half of 2024 crossed $8 billion, driven by sectors like fintech, enterprise tech, and consumer tech. This showcases the immense potential of startups in solving real-world problems. 🔥 Want to make smarter investment moves? Join WhatsApp broadcast channel, where I share technically and fundamentally strong stock recommendations! Get curated insights on promising stocks to grow your portfolio. 📲 Click here to join: https://lnkd.in/gihKyVe6 💬 Which of these startups excites you the most? Drop your thoughts in the comments! #Startups #Funding2024 #Innovation #IndianStartups #Entrepreneurship #Investors #QuickCommerce #Fintech #StockMarket #Growth

We are excited to announce our investment in AppsForBharat, a platform that is transforming how millions of Indians and the global diaspora engage with devotional practices. AppsForBharat is offering a trusted, comprehensive digital platform that connects devotees with temples and spiritual services, bringing convenience and accessibility to an underserved sector. AppsForBharat is not only tapping into a $50 billion industry that has been largely untouched by technology but is also well-positioned to lead the digital adoption in this space, expanding access to devotional services for both younger and older generations alike. Ashish Kumar, Co-founder & General Partner at Fundamentum, will be joining the board of AppsForBharat. "At Fundamentum, our investment strategy focuses on backing visionary founders solving critical, scalable challenges in the Indian market. Prashant Sachan and the team have built a world-class, uniquely Indian product that provides a comprehensive digital experience for devotees, seamlessly blending tradition with innovation. With widespread adoption across both younger and older generations, we see long-term scalability in India and emerging global use cases. AppsForBharat’s approach to bringing access and convenience to the devotional sector represents a compelling opportunity, and we are proud to partner with them in their scale-up journey.” said Ashish With 15% of the devotional sector expected to digitize in the coming years, we believe AppsForBharat is well-positioned to capture a significant share of this rapidly expanding market. We are excited to support their growth as they continue to deliver meaningful experiences to millions of devotees. https://lnkd.in/gw8JuNSJ #Investment #ConsumerInternet #AppsForBharat #Fundamentum #DigitalTransformation #Devotion #ScaleUpJourney #devotiontech Sanjeev Aggarwal | #NandanNilekani | Sanjay Chaturvedi | Ishan Arora| | Aastha Vij | Loveleen Malhotra | The Fundamentum Partnership| Susquehanna Asia Venture Capital | Peak XV Partners | Elevation Capital | Mirae Asset Venture Investments (India)