India’s Urban Company soars 58% above IPO price in year’s most subscribed offering

India’s Urban Company soars 58% above IPO price in year’s most subscribed offering

Urban Company, India’s largest home services platform, stormed onto the public markets on Wednesday, opening 58% above its issue price after delivering the country’s most subscribed IPO of the year. The Gurugram-based startup, which connects users to at-home services ranging from beauty treatments to appliance repair, debuted on the Mumbai-based National Stock Exchange at ₹162.25…

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FirstClub bucks India’s speed obsession, quickly triples valuation to 0M with premium approach

FirstClub bucks India’s speed obsession, quickly triples valuation to $120M with premium approach

While quick commerce in India has become synonymous with 10-minute deliveries — and the hottest play for startups and investors — FirstClub is taking a slower, more curated route. Yet just three months after launching its app, the 8-month-old startup has tripled its valuation. At a post-money valuation of $120 million, the Bengaluru-based startup has…

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Indian grocery startup Citymall raises M to challenge ultra-fast delivery giants

Indian grocery startup Citymall raises $47M to challenge ultra-fast delivery giants

Indian e-commerce startup Citymall, which focuses on budget-focused grocery delivery for tier 2 and tier 3 towns, said today that it has raised $47 million in Series D funding led by Accel, with participation from existing investors including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures. The Series D round…

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U.S. and Indian VCs just formed a B+ alliance to fund India’s deep tech startups

U.S. and Indian VCs just formed a $1B+ alliance to fund India’s deep tech startups

Eight U.S. and Indian venture capital and private equity firms — including storied investors Accel, Blume Ventures, Celesta Capital, and Premji Invest — have formed an unusual coalition to back India’s deep tech startups, pledging more than $1 billion over the next decade to strengthen U.S.-India tech ties. The alliance addresses longstanding funding concerns. In…

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