Your First Startup

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About Your First Startup

Your First Startup (YFS) is a vision for India’s inclusive growth by imbibing entrepreneurship in students studying at various educational institutes across the country. Through its partnerships with schools and colleges, it enrols India’s future generation of entrepreneurs and trains them in a creative manner. Your First Startup (YFS) uses advanced technologies and conducts various activities that drive entrepreneurial spirit among the students. It trains students using robotics, coding and several other groundbreaking technologies. Several activities aimed for collaboration and teamwork happen. Students are put into real-life situations and made to demonstrate the skills required to solve problems creatively. Experts constantly nudge students to design products and services that cater to customer needs effectively. It regularly conducts investor meets where students pitch fresh business ideas before investors. The best ideas receive thumbs up and funding from investors.

WeWork Contemplates Selling 27 Percent Stake in the Indian Arm for INR 1,200 Cr

Your First Startup23 Apr, 2024Business

WeWork India, a leading coworking company, is contemplating selling a 27% stake held by the US-based parent company's founder Adam Neumann in its Indian arm. Enam Group's family office as well as Mithun Sacheti and A91 Partners have started preparing to acquire the stake held by WeWork for INR 1,200 crore, as per the Economic Times report. According to sources, the stake offloading process involves selling existing shares. However, the scope remains for a primary component. Embassy Group, which owns a 73% stake in WeWork India, will oversee the share transfer process. However, the company is looking for clearance from the Competition Commission of India (CCI).

WeWork Contemplates Selling 27% Stake in the Indian Arm for INR 1,200 Cr

Your First Startup23 Apr, 2024Business

ClaimBuddy Mops Up $5 Million from Bharat Innovation Fund and Others in Series A Funding

Your First Startup15 Apr, 2024Health

ClaimBuddy, a health insurance startup, has scooped up $5 Million from Bharat Innovation Fund, Japanese fund CAC Capital, and existing investors featuring Rebright Partners and Chiratae Ventures, in a series A funding. The Gurgaon-based company has secured the second notable funding since it was founded in 2020.

RBI Proposes Linkage of Prepaid Payment Instruments via UPI Applications

Your First Startup09 Apr, 2024Business

In a major move that will further promote fintech services in India, the Reserve Bank of India (RBI) proposed the linkage of Prepaid Payment Instruments (PPIs) such as digital wallets via third-party Unified Payments Interface (UPI) applications. The central bank, after discussion in the Monetary Policy Committee meeting, issued a statement saying that currently, UPI payments from bank accounts can be enabled by linking bank accounts using the UPI app of banks or that of the third-party application. The same, however, does not exist in the case of PPIs. It opined that PPIs can drive UPI transactions only through the application offered by their issuers.

Digital lending platform KreditBee Tops up Series D Round With Additional $9.4 Mn

Your First Startup03 Apr, 2024Business

Digital lending platform KreditBee has received investments worth $9.4 Million or INR 78.33 crore in an extended Series D round. Its existing investors - Premji Invest, Mirae Asset, Motilal Oswal Private Equity and others pumped in investments. The KreditBee board has passed a resolution specifying the issuance of 92,322 Series D compulsory convertible preference shares at a price worth INR 8,485.36 each to raise INR 78.33 Cr. The company specifies the same in its regulatory filings with the Registrar of Companies.

Health and Wellness Brand Traya Scoops Up INR 75 Crore from Xponentia Capital

Your First Startup03 Apr, 2024Business

Traya, a direct-to-consumer (D2C) health and wellness brand, has secured INR 75 crore from Xponentia Capital. After a gap of 2 years, the Mumbai-based firm received investments. According to Traya, it will use the investment proceeds to fulfil its mission of taking its clinically proven hair growth treatment to the masses. Traya, founded in 2019, focuses on identifying the underlying causes that contribute to hair loss problems. It has a team of expert hair coaches and physicians to offer personalised hair solutions and guidance.

Digital Lending Platform KreditBee Raises $9.4 Million in Series D Round

Your First Startup01 Apr, 2024News

Digital lending platform KrediBee has received investments worth $9.4 Million or INR 78.33 crore in an extended Series D round. Its existing investors - Premji Invest, Mirae Asset, Motilal Oswal Private Equity and others pumped in investments. The KreditBee board has passed a resolution specifying the issuance of 92,322 Series D compulsory convertible preference shares at a price worth INR 8,485.36 each to raise INR 78.33 Cr. The company specifies the same in its regulatory filings with the Registrar of Companies.

Zomato-backed AdOnMo Scoops Up $7 Million from Investors

Your First Startup28 Mar, 2024News

AdOnMo, an ad-tech company, has mopped up INR 58.21 crore in its Series B1 round. After the Series A round, which was led by Zomato, this is the first infusion in the Hyderabad-based firm. A special resolution has been passed by the board at AdOnMo to issue 36 equity and 4,156 CCPS at a price of INR 1,38,850 each to scoop INR 58.21 crore, revealed from its regulatory report with the Registrar of Companies (RoC).

Binny Bansal’s Three State Ventures Invests $25 Mn in Curefoods

Your First Startup20 Mar, 2024Business

Curefoods, a cloud kitchen startup, has mopped up an additional capital of $25 million in its series D round from Three State Ventures, an amount funded by Flipkart co-founder Binny Bansal. According to Ankit Nagori, Founder and CEO Curefoods, “ the firm scooped up $36 million in the first tranche of Series D and is now valued at $375 million”. According to the latest startup news reported by the data intelligence platform TheKredible, the company has raised more than Z$190 million to date. The ET report disclosed that Bansal invested by buying out Cultfit’s remaining stake in the cloud kitchen platform and from some angel investors.

Government Exempts Healthcare, Agri Platforms from New AI Advisory

Your First Startup05 Mar, 2024Miscellaneous

In view of the uproar over the Centre’s new advisory that needs prior permission for AI models before their launch in India, on 4th March 2024, IT Minister Ashwini Vaishnaw announced that certain platforms and startups will be free from these rules and regulations. The minister also announced that the new rules will not be applicable to platforms working in agriculture and healthcare sectors. Ashwini Vaishnaw, however, repeated that social media platforms will come under the purview of the new rules. For the safety of citizens and the country’s democracy, proper training of AI models is necessary, as said by Vaishnav.