Salil Thanawala on raising and optimising startup capital

Entrepreneurs typically devote their full energies on building a business. However, founders need to focus on using the capital efficiently to sustain the business.

“Optimise it rather than get it wasted because everybody’s focusing on efficiency. Let us not be inefficient on the most basic raw material that you need,” Salil Thanawala EVP & Principal Partner, Edelweiss said.

He was speaking at a fireside chat at the TechSparks 2022, YourStory’s flagship event. With over a decade of experience with Edelweiss in various capacities, Salil has a deep understanding of market trends and risk management.

While a loss of control is bound to happen when it comes to equity, if the founders choose a certain amount of debt, then they aren’t going to be taking equity to the financer. “So your dilution becomes lesser. Today, very simple things like managing a company treasury is not in the focus area of

How Paytm aims to help startups scale with its omnichannel payment solutions

Even as the world moves online, the offline segment hasn’t lost its charm or demand, especially when it comes to payments. This is why omnichannel models are here to stay.

Consumer behaviour is changing rapidly. A consumer today may walk into an offline store but end up buying a good online, or google something online and eventually end up buying from an offline store. The boundary between virtual and real retailing is blurring, and every payment company or merchant today finds it the need of the hour to enable both online and offline solutions.

Speaking in a firechat session at TechSparks 2022, Nakul Jain, CEO, Paytm Payments Services said, 

“We see a lot of companies coming up that are online and eventually will set up a pop-up store, and that is where they will require an offline solution. And the other way round, a lot of offline stores, especially

Ayurveda startup NirogStreet raises $12M in Series B round led by Jungle Ventures

Delhi-based ayurveda startup NirogStreet has raised $12 million in a Series B funding round led by Jungle Ventures. Existing investors Spiral Ventures, ICMG Co-Creation Fund and angel investors such as DoorDash‘s Gokul Rajaram and Japanese bank SMBC’s APAC co-head Rajeev Kannan also participated in the round.

The family office of investor Anthony Weldon has also invested in the round. The company will use the funds to strengthen its supply chain, service offerings and technology.

Founded in 2016 by Ram Kumar N, NirogStreet uses tech to offer a range of services including doctor prescriptions, peer-to-peer learning for over 50,000 Ayurvedic doctors, digital health record management, and smart clinics.

“NirogStreet is transforming the entire Ayurveda value chain by infusing trust, quality, access and scale to the industry. Ram and his team are building an industry-first Ayurveda ecosystem with their unique community-first, knowledge and commerce

CM Bommai releases Karnataka Research Development and Innovation Policy

Karnataka Chief Minister Basavaraj Bommai released the ‘Karnataka Research Development and Innovation Policy’ on Wednesday which has the objective of financing the infrastructure and institutions.

The policy, which was released during the inaugural session of the Bengaluru Tech Summit, also aims to provide support for a robust and well-connected ecosystem, a government statement said.

It intends easy access to a skilled talent base, grassroots innovators, support for university-based cutting-edge research, and researching enterprises for cooperation between industry and science and for innovative startups.

The policy focuses on strengthening governance and financing of research and innovation system, research and innovation policy, research and innovation to drive the regional ecosystem, research and development and innovation to support entrepreneurship and Micro, Small and medium Enterprises (MSMEs), the statement said.

The creation of a ‘Karnataka State Research Foundation’ to devise and implement strategies to meet the objectives outlined in the policy has been proposed.

Edtech Simplilearn raises $45M in funding led by GSV Ventures

Simplilearn has raised $45 million funding from a consortium led by GSV Ventures, a multi-stage venture capital firm. The round also saw participation from GSV Ventures, Clal Insurance, and DisruptAD, ADQ’s venture platform.

The company said funding will be infused to further boosting its growth across the globe.

The startup has seen significant growth in the past year and has added over 1,20,000 paid B2C learners, and more than 1,00,000 enterprise learners on its platform. It also has over two million free learners that it adds to its SkillUp platform every year. 

Deborah H Quazzo, Managing Partner, GSV Ventures, said, “With immense experience investing and working with education firms around the world, it is certain that the demand for knowledge-gain and upskilling is omnipresent. Like many other sectors, technology is disrupting education, and edtech has been a key focus area for us. Simplilearn is a