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Ex-Google Employee Builds $1.5 Billion Startup In Just 21 Months

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EX-GOOGLE EMPLOYEE BUILDS $1.5 BILLION STARTUP IN JUST 21 MONTHS,Startup Stories,Startup Stories India,Inspiration Stories,2017 Most Read Startup Stories,Colin Huang,Chinese entrepreneur,Alibaba,Taobao,JD.com

Colin Huang, a Chinese entrepreneur, started his career in Silicon valley as an engineer at Google, he worked on early search algorithms for e-commerce and returned back home to start his own company. He is already on his fourth and most progressive startup Pinduoduo.

Pinduoduo or simply PDD is like a combination of Facebook and Groupon, he believes that PDD could transform the e-commerce industry. In less than two years, the company raised $100 million valuing it to more than $1.5 billion (10 billion yuan.)

The idea behind PDD is to change the online shopping experience of the customer, something similar like having fun with friends at a mall and shopping. You are open to sharing your ideas, take suggestions from friends and then if you buy a product, you get a discount. PDD is now one of the largest E-commerce companies in China.

Mr.Huang told Bloomberg, “Many companies tried this before, but no one has done it in real. We feel that we have a competitive advantage.

In 2007, he started his first e-commerce site called ‘Ouku.com’ to sell consumer electronics and mobile phones. Revenues suddenly moved upward, but he realized ‘Ouku.com’ was similar to other e-commerce sites and sold it in 2010. He then started a company called Leqi, which helps companies to market their services on websites like Alibaba, Taobao or JD.com. The second company of Mr.Huang is a gaming company which offers role playing games on WeChat. He became free from both the companies. Due to health problems, he retired when he was just 33.

Eventually, Mr.Huang came forward with the idea of PDD, combining both e-commerce and gaming sectors, by bringing together Alibaba and Tencent Holdings Ltd. Huang and his team convinced both the companies that there are a numerous number of opportunities with this combination.

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In May 2015, he raised an amount of $8 million from an investor group led by Banyan and launched the application a few months later. The application gives a different shopping experience to the customer, most of the people use PDD on WeChat. You get the discount when your friend join the shopping, as you are already in WeChat, it is easy to get other friends to join you. With the increasing popularity and usage of PDD, it raised about $100 million in 2016. PDD made a rich retailer experience to both merchants and shoppers. It also helps merchants to manage a small group of shoppers and get direct feedback from the customers.

Mr. Huang is aiming to skies, he is improbable to spend his rest of life in PDD. His role models are The founding father of Singapore, Lee Kuan Yew, and Benjamin Franklin.

Mr.Colin Huang says “As the sun sets over Shanghai, that is a genuine life.”

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Funding

Yali Capital Makes History with ₹893 Crore Deeptech Fund to Power Indian Innovation

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Yali Capital

Bangalore’s Yali Capital has closed its first deeptech-focused fund, raising a substantial ₹893 crore (about $104 million) and surpassing its initial ₹500 crore target. This major fundraising milestone highlights the growing appeal and investor confidence in India’s deeptech landscape, fueling innovation in pivotal sectors like semiconductors, artificial intelligence, robotics, aerospace, genomics, and smart manufacturing. The fund cements Yali Capital’s position as a key player driving progress in India’s burgeoning tech ecosystem.

Strategically, Yali Capital’s fund targets both early-stage (Seed, Series A) and later-stage (Series D and beyond) startups. Its diverse roster of Limited Partners (LPs) includes prominent corporations such as Infosys, Qualcomm Ventures, and Tata AIG, alongside government-backed organizations like the DPIIT Fund of Funds for Startups and the Self-Reliant India Fund. With heavyweight backers like Kris Gopalakrishnan (Infosys co-founder), Gopal Srinivasan (TVS Capital), and Utpal Sheth (RARE Enterprises), Yali Capital ensures robust strategic support. The firm’s dual structure—a SEBI-registered Alternative Investment Fund (AIF) and a GIFT City-based feeder vehicle—enables global investor participation, guided by tech luminary Lip-Bu Tan and managing partner Ganapathy Subramaniam.

Already, Yali Capital has invested in five breakthrough startups, including C2I Semiconductor, 4baseCare, and Perceptyne, focusing on chip design and AI. By devoting two-thirds of its fund to early-stage companies, Yali Capital underscores its commitment to nurturing next-generation Indian deeptech founders. This fundraising success aligns with a nationwide trend of surging investments in advanced technology and positions Yali Capital at the forefront of India’s drive toward self-reliance and global tech leadership.

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Bangalore’s Ammunic Systems Leads India’s Defence Tech Surge with Smart Military Solutions

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Ammunic-Systems

Founded in 2019 by Priyanka Singhal and based in Bangalore, Ammunic Systems is a leading Indian defence technology startup specializing in the design and development of advanced fuzing systems and warheads for military applications. Drawing on Priyanka’s experience with DRDO, the company is dedicated to delivering high-precision munitions, electronic fuses, thermobaric explosives, and next-generation warheads—enhancing the safety, accuracy, and effectiveness of defence systems. Ammunic Systems has already secured key partnerships with the Indian Army and Navy, leveraging AI and robotics to modernize India’s military capabilities and position itself as a pioneer in smart, autonomous weaponry.

Recently, Ammunic Systems raised $1.1 million in a crucial seed funding round, a move celebrated as a strong endorsement of India’s indigenous defence innovation sector. This capital injection will accelerate both research and development of cutting-edge military technologies and the expansion of manufacturing operations to meet the needs of India’s armed forces. The company is also committed to the ethical deployment of AI-powered defence systems, ensuring compliance with international humanitarian standards while pushing the boundaries of modern warfare technology.

This investment arrives amid India’s “Aatmanirbhar Bharat” (self-reliant India) initiative, which has significantly boosted domestic investment in defence startups. Ammunic Systems is now well-positioned to strengthen the country’s strategic autonomy, reduce reliance on foreign imports, and drive the modernization of India’s defence ecosystem. With this latest funding, Ammunic Systems is set to play a central role in advancing homegrown defence solutions, supporting India’s journey toward self-sufficiency and leadership in military technology innovation.

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Agritech Startup Gramik Raises INR 17 Crore to Expand Rural Commerce in India

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StartupStories
  • Gramik, a Lucknow-based agritech startup, has secured INR 17 crore in a bridge funding round ahead of its upcoming INR 56 crore Series A raise.
  • The funding round included investments via Optionally Convertible Debentures (OCDs) and Compulsorily Convertible Debentures (CCDs).
  • Key investors include Sammaan Global Ventures, Money Creeper Investment, and prominent angels such as Balram Yadav (MD & CEO, Godrej Agrovet), Gev Aryaton, Irfan Alam, Nikhil Bhagat, and Salvia Siddiqui.

Gramik’s Unique Peer Commerce Model

  • Founded in 2021 by Raj Yadav, Gramik empowers over 120 million small and marginal farmers in India through a technology-driven rural commerce platform.
  • The startup operates a dual-channel distribution network using Village-Level Entrepreneurs (VLEs) and rural retailers to deliver high-quality agri-inputs to remote areas.
  • Gramik’s full-stack platform offers demand aggregation, logistics, embedded credit, and agronomy services, ensuring last-mile delivery and support for farmers.

Expansion Plans and Future Growth

  • Gramik currently operates in 12 districts, with 1,200+ active VLEs and 250+ rural retail partners, and plans to expand to 3,000 VLEs and reach 1 million+ farmers across Uttar Pradesh, Maharashtra, and Jammu.
  • The new funds will be used to expand Gramik’s private-label products, enhance agronomy-led farmer engagement, and scale operations in key states.
  • With a strong focus on supply chain efficiency, technology, and farmer advisory services, Gramik aims to become a leader in India’s $50 billion agri-input and rural commerce market.
  • Backed by previous seed funding of over INR 25 crore, Gramik is set to drive innovation and inclusive growth for rural communities.

 

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