Page 12 - Start Ups
PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring
PriceLabs was founded in 2014 to bring Artificial intelligence (AI) and analytical tools to owners and managers of vacation homes and short-term rentals
 "PriceLabs raises $30 mn from Summit Partners, plans to accelerate hiring")
Mergers & acquisitions on rise as startups diversify into newer spaces
The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share
 "Mergers & acquisitions on rise as startups diversify into newer spaces")
Women kirana partners lead deliveries for Flipkart in India's remote areas
The programme enables the kirana partners to make limited time-based deliveries contingent on their comfort and availability and has enabled large-scale participation from women
 "Women kirana partners lead deliveries for Flipkart in India's remote areas")
Porter completes divestment of Modern Trade business to COGOS Technologies
This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions
 "Porter completes divestment of Modern Trade business to COGOS Technologies")
Start-ups collaborate with chemists, shake up offline pharma business
Some are managing supply-chain backend for retail pharmacies, right from stockist to chemist, others are offering telemedicine kiosks at chemist outlets, and digitising pharmacies
 "Start-ups collaborate with chemists, shake up offline pharma business")
First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups
First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage
 "First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups")
CARS24 sees high-profile exits as global CTO, business head move on
The platform was valued at $3.3 billion, about double the valuation from its previous round in September 2021
 "CARS24 sees high-profile exits as global CTO, business head move on")
Centre pulls up edtech firms for mis-selling courses, IEC responds
Self-regulatory organisation India Edtech Consortium (IEC) on Saturday said it is committed to protecting consumer interest and has resolved 100 per cent complaints received till June
 "Centre pulls up edtech firms for mis-selling courses, IEC responds")
Indian tech startups raise $6 billion in April-June quarter, Fintech rules
Number of deals dropped by 17% sequentially, more than half were larger than $100 million each
 "Indian tech startups raise $6 billion in April-June quarter, Fintech rules")
Funding in startup dropped by 17% to $6 billion in April-June: Nasscom
According to the Nasscom, deals also dropped by about 17 per cent due to dampened market sentiments but despite reduction in deal value, funding in growth stage continued to increase.
 "Funding in startup dropped by 17% to $6 billion in April-June: Nasscom")
One year of startup listings: Exuberance tapers as firms lose grip on gains
After Zomato's promising start, global tech meltdown halts listing gravy train
 "One year of startup listings: Exuberance tapers as firms lose grip on gains")
Agritech start-up Otipy to hire 250+ people including 100 freshers
Delhi-NCR-based agri-tech startup Otipy operated by Crofarm is planning to hire more than 250+ employees this fiscal. The company is looking for fresh talent across various departments
 "Agritech start-up Otipy to hire 250+ people including 100 freshers")
Temasek bullish on Indian start-ups, renew energy despite slowdown overseas
Top executives of Temasek, which has doubled its India portfolio in the past five years to $16 billion, said the fund made several successful exits from India in FY 22
 "Temasek bullish on Indian start-ups, renew energy despite slowdown overseas")
OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek
The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures
 "OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek")
Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion
"We are on a mission to embed sustainability into blockchain," said Pratik Gauri, chief executive officer and founder of 5ire
 "Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion")
E-commerce giants offer tech-friendly policies to woo offline sellers
They are offering new-age tech based products such as AI-led cataloguing, coupled with easy settlements and attractive platform fees that enable ease of doing e-commerce business
 "E-commerce giants offer tech-friendly policies to woo offline sellers")
Have made India's first indigenously made lithium ion-cell, says Ola
Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle
 "Have made India's first indigenously made lithium ion-cell, says Ola")
Supply chain start-up Wheelocity raises $12 mn to expand business
Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain
Lightspeed raises $7 bn, keeps $500 mn for India and SE Asian startups
The global $7-bn fund-raise brings its total capital under management to over $18 bn
 "Lightspeed raises $7 bn, keeps $500 mn for India and SE Asian startups")
Aerem raises $2.5mn in pre-series A funding led by Blume Ventures
Aerem was founded in 2021 by Anand Jain who comes with a strong background in both financial services and solar
 "Aerem raises $2.5mn in pre-series A funding led by Blume Ventures")
