1947 Tech ☀️: 207

Indian immigrant || Global slowdown and more!

1. India leading country of origin for immigrant-founded US unicorns: NFAP study

Immigrants have founded more than half of America’s startups valued at $1 billion or higher, with the highest number of such founders coming from India, a new study by the National Foundation for American Policy (NFAP) has revealed.

The study — Immigrant Entrepreneurs and US Billion-Dollar Companies — found that 66 companies with a valuation of over $1 billion were founded by immigrants from India.

Further, four out of 10 immigrants who have founded multiple billion-dollar enterprises are from India.

These include Mohit Aron (Nutanix and Cohesity), Ashutosh Garg (Bloomreach and Eightfold.ai), Ajeet Singh (Nutanix and ThoughtSpot) and Jyoti Bansal (AppDynamics and Harness).

India leading country of origin for immigrant-founded US unicorns: NFAP study

2. VCs are flooded with unprecedented funds but in no rush to deploy capital

Venture capitalists ( VCs) are mostly gripped by the Fear of Missing Out (FOMO) and that sentiment peaks during boom periods like in 2021, but it takes only a few months for risk investors to change tack.

Six months into the new year, despite raising a record $4.7 billion of dry powder compared to $2 billion last year, as per Venture Intelligence data, for investing in startups, over a dozen VC firms, including Lightspeed Venture Partners, Sequoia Capital, Elevation Capital, and a numb ..

VCs are flooded with unprecedented funds but in no rush to deploy capital

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Shiva Singh Sangwan @shivassangwan

The New Pod is Live ☀️ Hear out Gajendra's (@gajen_jangid) journey so far. The founder of @cars24india - The founding story of Cars24 - How does he make difficult decisions - Learnings from Mahendra Singh Dhoni - The turning point in life & more

anchor.fm28: Gajendra Jangid (CARS24) by 1947 RiseGajendra Jangid is the Co-Founder and CMO of CARS24. CARS24’s mission is to revolutionize the way used vehicles are bought and sold across the world. CARS24 was founded in 2015. A mere 7 years later, they have come a long way - 205 branches across India, a presence in 182 Indian cities, channel part…

Worth your attention:

1. Asian unicorns are trading 40% cheaper in private markets Link

2. Corporate travel tech platform Spotnana nabs $75M Link

3. Fintech Jai Kisan raises $50 million in Series B Link

4. Automation platform WebEngage raises $20 million in funding led by Singularity Growth Link

5. Avendus Future Leaders Fund buys part of Elevation Capital’s stake in Xpressbees for Rs 195 crore Link

6. EVs going mainstream, fire incidents help industry mature: Ather Energy CEO Link

7. Around 90 VC, PE and debt funds ready to back Indian startups in 2022 Link

8. ‘Absolute rubbish, we will never merge’: Ola CEO Bhavish Aggarwal on reports of merger talks with… Link

9. India blocks Krafton’s battle-royale game BGMI two years after PUBG ban Link

10. Zomato’s Deepinder Goyal plans multiple CEO structures for ‘Eternal’ organisation Link

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