Page 18 - Start Ups

Byju's acquires Aakash Educational Services for $1 billion over Zoom call

With over 215 centres and a student count of more than 250,000, Aakash provides test preparatory services to students preparing for a host of competitive exams

Indian edtech giant Byju's expands globally, launches Future School

Byju's Future School will be available in the US, UK, Australia, Brazil, Indonesia and Mexico in May and will progressively expand to more geographies in the near future

The rise & rise of Byju's: The edtech startup's journey explained

In this podcast, we explained the reasons behind Byju's rapid surge in valuation and funding and company's future plans to tap global markets. Tune in

'My mission is to bridge skilling gap in workforce,' says Eruditus CEO

The start-up, which closed $650 million funding at $3.2 billion valuation from Softbank and Accel, operates in the re-skilling space

Fintech firm BharatX raises $4.5mn in seed round to expand business

The company works with brands and websites to provide a credit feature in their apps to serve customers.

Shopflo raises seed funding of $2.6 mn from Tiger Global and TQ Ventures

First time that Tiger Global has invested in a startup at pre-product stage

HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry

Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering

Upskilling platform Josh Talks raises $3.5 mn from Ankur Capital, others

The firm previously raised $1.5 mn from the New York-based Media Development Investment Fund (MDIF)

ForeignAdmits raises Rs 3.26 crore from Unicorn India Ventures, others

This is the second investment by UIV in Foreign Admits. It had raised a seed round from Unicorn India recently, taking total fundraise to over $1 million

President Kovind bats for entry of startups into education, health sectors

Kovind was addressing a gathering here in Maharashtra after inaugurating the permanent campus of the Indian Indian Institute of Management (IIM) Nagpur. The premier institute was established in 2015.

Explained: Why India is adding unicorns at a slower pace than 2021

According to a recent survey by Iron Pillar Funds, India is set to have 250 unicorns by 2025

JPIN launches funds worth $150 mn to promote startups in India, worldwide

The company's investment plans aim to connect start-ups and small businesses worldwide to encourage innovation.

Redcliffe Lifetech raises $61 mn for expansion; LeapFrog Investments leads

The funding to Redcliffe Lifetech would help the diagnostic platforms to expand access to affordable, high-quality diagnostic tests across India, especially in tier 2, 3, and 4 cities

MPL launches Mayhem Studios to step up development of mobile games

The studio will have a team of professionals in the area of animation, art, cinematics, design, engineering, UI and UX game design and game production.

Fintech Kaleidofin raises 2nd tranche of $15 mn Series B equity funding

According to the company, the proceeds of this round will be used to strengthen tailored credit solutions for informal sector customers.

Traceable AI raises $60 mn in series B at at $450 mn-plus valuation

The investment round was led by IVP and other investors include Tiger Global and existing investors Unusual Ventures and BIG Labs

Food startups: Not all hunky-dory under Covid, not all bleak as it weakens

Not every enterprise Business Standard spoke to had it as good as Swiggy or Zomato, and some even saw their very business models at risk. But all feel the post pandemic era holds a lot of promise

We don't keep nominees on boards of firms we nurture: 100X.VC's Ninad Karpe

In a Q&A, the partner of the early-stage venture capital fund talks about the unique investment philosophy of 100X.VC, iSAFE Note and the Indian entrepreneurial ecosystem

SaaS firm Toplyne raises $15mn Series A led by Tiger Global, Sequoia

The team will use the funding to aggressively deliver on the product roadmap, and scale the data science, engineering, product, and design teams

A century in style: Fintech firm Open becomes India's 100th unicorn

The countdown for 100 unicorns had begun early in the year itself but the Russian attack on Ukraine had paused the startups' rush to touch the $1-billion valuation