Chingari Becomes the OnlyFans of India - Indian Startup News 163 - Video

Sign up for our course here: http://bit.ly/BwMCourse

This week on Indian Startup News, the OnlyFans of India, Ideaforge is going public, BYJU'S is falling.


This week's funding Notion: https://honored-hospital-c65.notion.site/W12-Q1-FY24-a09e0aa7c1c2442fa4d4321792e433b5

FY24 funding notion: https://honored-hospital-c65.notion.site/cea977c397b346af91a022250b7654e3?v=205740096cff4378a51bb0a05bd0ee85

Notion graph: https://docs.google.com/spreadsheets/d/12Gugm80lFfI6jvJsWtDmL138XBFwxyA4560E6nfKtyI/edit#gid=0
------------------------------------------------------------------------------------------------------------------------------------------------
00:00 The OnlyFans of India
03:16 Bwm course
03:54 Ideaforge is going public
05:08 BYJU'S is falling
07:21 Funding news
------------------------------------------------------------------------------------------------------------------------------------------------

The OnlyFans of India:

1. Chingari has pivoted from being the TikTok of India to being the OnlyFans of India.
2. This is no longer the NFT-enabled, short video app being endorsed by Salman Khan.
3. Instead it’s an NSFW paid live 1-on-1 calling app between creators and users.
------------------------------------------------------------------------------------------------------------------------------------------------

Bwm course:

1.last chance to sign up for the second cohort of our compliance and regulations course.
------------------------------------------------------------------------------------------------------------------------------------------------

Ideaforge is going public:

1. Mumbai-based drone manufacturer Ideaforge has launched its IPO.
2. They’re looking to raise Rs 567 crore ($69 million), including a fresh issue of shares worth Rs 240 crore ($29 million).
3. ideaforge owns about 50% of the drone market in India right now, and they’re making moves to take over the remaining 50%.
------------------------------------------------------------------------------------------------------------------------------------------------

BYJU'S is falling:

1. They have been marked down to 5.1 billion dollars by one of their investors, Prosus, that’s less than a fourth of the valuation they last raised funds at, which was 22 billion dollars.
2. The 250 million dollars in debt funding that they were expecting to come through from David Kempner has NOT come through.
------------------------------------------------------------------------------------------------------------------------------------------------

Funding news:

1. $52 million were raised across India’s entire startup ecosystem.
2. The biggest here is Lendingkart, they’re a Ahmedabad-based startup that raised 24 million dollars in debt funding.
3. Then we have Billion Mobility, a Vadodara-based EV mobility platform that raised 10 million dollars in seed capital.
4. Then we have Oben Electric, a Bengaluru-based electric motorcycle startup, they raised 4.87 in a pre-series A extension.
------------------------------------------------------------------------------------------------------------------------------------------------
Media Handles:

Twitter: https://twitter.com/bwmillionaires/
LinkedIn: https://www.linkedin.com/company/backstagewithmillionaires/?viewAsMember=true
Instagram: https://www.instagram.com/backstagewithmillionaires/
Podcast: https://open.spotify.com/show/5rGPalovc6AKsfbOyjh32p?si=a8d14e3221b24af4&nd=1

#startup #business #entrepreneur