Former Indian cricket team captain MS Dhoni, has invested an undisclosed sum in Chennai based drone company, Garuda Aerospace. Dhoni will also be the face and brand ambassador of the company. The investment is part of a bridge round, ahead of a USD 30 million Series A funding round, which the company is currently in the process of closing.

Over the last two decades, Young Turks has unfailingly captured the rise of India’s first generation entrepreneurs with no storied backgrounds or deep pockets but full of audacity to build internet businesses relevant for post liberalization mobile first generation of India. And the growth has been exponential. From just 8 unicorns in the 5 year period of 2011 to 2015, India has minted a record 44 unicorns in 2021 and in 2022 we have already added 16, billion dollar startups to the tally. So to take stock of the lessons of the past and chart out an action plan to cope with the current challenging environment, CNBC-TV18 spoke to Sanjeev Aggarwal, Co-Founder of Helion Venture Partners and Nitish Mittersain, Founder of Nazara Technologies.

Online beauty retailer, Purplle has joined India’s coveted unicorn club after the company raised USD 33 million from Paramark Ventures at a valuation of USD 1.1 billion. The fresh round of investment also saw participation from existing investors such as Premji Invest, Blume Ventures, and Kedaara. The latest round took the total funding for Purplle to over USD 215 million.

New age digital entertainment and technology company, JetSynthesys has launched Jetapult - an invest & operate model for game studios in emerging markets. The gaming startup has come out of stealth mode and has also acquired a game studio from India.