FEBRUARY 20238ndia, one of the world's largest economies, is witnessing a continuous rise in its startup ecosystem, with the country now home to more than 100 unicorns. Not only is the number of startups in the country increasing, but the valuation of India's startup ecosystem has risen to nearly Rs.3 lakh crore or Rs.3 trillion as a result of numerous funding and investments. We are in the year 2022, and the year 2023 is just around the corner. The Indian startup ecosystem has a lot to look forward to, and there is a palpable sense of eagerness and excitement for the coming years. The more important aspect is the technological advancement they bring to the country. Startups involve dealing with new know-how, which is typically at the top of the value addition chain. Enterprises are recognizing the potential of upcoming startups and investing in and partnering with them. Some major selections & product launches, and some companies raising funds to help their businesses grow. Bold Finance, a finTech startup, has raised $1.5 million in seed funding and Chiratae Ventures, a homegrown tech-focused venture capital firm, which has launched its first growth fund with a first close of Rs.759 crore we saw it all. As the year comes to a close, Indian startups continue to impress us with their long-term growth and success. Here is the list of some of these startups.Bold FinanceFinTech Startup Bold Finance has raised a seed round of $1.5 mn. This round has been led by Kae Capital, with participation from existing investor Antler India and several angel investors such as Nitin Gupta (Uni Cards), Ishpreet Gandhi (Stride Ventures), Shashikant Dola (McKinsey & Company), Tushar Mehndiratta (Avail Finance), Vadiraj Kulkarni (CEO, ITC PSPD) and some others. Based out of Mumbai, Bold Finance is founded by IIT Roorkee alumni, Nikhil Jain and Durgesh Suthar, who have collective work experience in stellar organizations such as ITC, McKinsey and Flipkart, xto10x respectively. Bold Finance was started with a broad vision of enabling financial freedom for Bharat, by improving credit availability for users from the lower and middle-income segments of Tier II & III cities. Bold Finance's first offering is gold loans.AmagiMedia technology startup Amagi has raised $109 million at a valuation of $1.4 billion. The fresh investment includes $80 million in primary capital from global growth equity firm General Atlantic, and the rest is via secondary stake sales. In March this year, the startup raised $95 million in a funding round led by Accel, which catapulted it into India's growing list of unicorns, or startups valued at $1 billion or more. Founded in 2008, Amagi allows broadcasters to virtualise operations on the cloud, helping manage, schedule content and streamline programming remotely through its `CloudPort' offering. It also provides solutions for personalised insertions of advertisements through its `Thunderstorm' offering. Other solutions include PayTV solutions and analytics for broadcasters. Amagi, a nominee in the Comeback Kid category for the Startup Awards, currently offers three business models for customers - Software-as-a-Service (SaaS), bring your own license and fully managed services.IEDITORIAL EXCLUSIVEPOTENTIAL OF INDIAN STARTUP ECOSYSYTEM
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