Page 19 - Start Ups
Health tech firm Practo elevates Siddhartha Nihalani as co-founder
Executive has been associated with Practo since its inception and has been a driving force behind the technology, growth and business strategy.
 "Health tech firm Practo elevates Siddhartha Nihalani as co-founder")
Rise Capital begin operations in India; appoints Anuj Mehta has India head
Rise Capital has already invested in two Indian startups, TradeX and SaveIn, both in the fintech space.
 "Rise Capital begin operations in India; appoints Anuj Mehta has India head")
Next unicorn will be firm working on semiconductors: Rajeev Chandrasekhar
Union Minister says small firms are 'truly catalysing'' country electronics and technology industry.
 "Next unicorn will be firm working on semiconductors: Rajeev Chandrasekhar")
KSUM's innovation grants to startups crosses Rs 25 cr
The state-run Kerala Startup Mission (KSUM) has provided over Rs 25 crore as innovation grant to a wide range of technology and product startups since 2017
 "KSUM's innovation grants to startups crosses Rs 25 cr")
NFT programming start-up Revise raises $3.5 mn in funding led by Alpha Wave
Revise offers developers the rails to program NFTs to interact with apps and data
 "NFT programming start-up Revise raises $3.5 mn in funding led by Alpha Wave")
India has world's fastest growing start-up eco-system, says PM Modi
PM Modi said India is headed for a robust economy and the country's consumption of semi-conductors is expected to cross $110 billion by 2030 and has the world's fastest growing start-up eco-system
 "India has world's fastest growing start-up eco-system, says PM Modi")
Geniemode raises $28 mn in Series B from Tiger Global, Info Edge Ventures
Founded in May 2021, Geniemode works with buyers and manufacturers of furniture, home textiles, apparel, others to streamline and take control of end-to-end supply chain, from design to delivery
 "Geniemode raises $28 mn in Series B from Tiger Global, Info Edge Ventures")
TravClan closes Pre-Series-A round of $4.7 mn led by Hashed Emergent
The company's target is to grow to $500 million GMV run rate with more than 300 employees by the end of FY23
Startups should focus on smaller cities, social issues: DPIIT Secy Jain
Civil servant says these places hold business opportunities and can help build startup ecosystem.
 "Startups should focus on smaller cities, social issues: DPIIT Secy Jain")
D2C unicorn Licious invests in fresh pet food startup Pawfectly Made
Pawfectly Made will continue as a separate entity with its own production processes and supply chain, Licious comes in as strategic partner
Fintech start-up Actlogica raises seed funding from Zerodha's venture arm
The husband-wife duo of Ameet Ayare and Archana Anoor founded Actlogica in 2015 to aid wealth managers and investment management professionals
 "Fintech start-up Actlogica raises seed funding from Zerodha's venture arm")
Edtech startup Newton School raises $25 mn from Steadview Capital, others
Founded in 2019 by IIT batchmates Nishant Chandra and Siddharth Maheshwari, Newton School was built to democratise higher education.
 "Edtech startup Newton School raises $25 mn from Steadview Capital, others")
SaaS firm Everstage raises $13 mn to expand and serve customers worldwide
Series A round was led by Elevation Capital, also saw participation from existing investor 3one4 Capital
 "SaaS firm Everstage raises $13 mn to expand and serve customers worldwide")
Saudi food startup raises $ 170 mn from Sequoia Capital India, others
The company is also looking at potentially acquiring rivals to help it grow and will expand into fintech after receiving a license from the Saudi central bank
 "Saudi food startup raises $ 170 mn from Sequoia Capital India, others")
Factors that could slow down the spawning of Indian unicorns in 2022
Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.
 "Factors that could slow down the spawning of Indian unicorns in 2022")
Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS
In a Q&A, company's co-founder talks about starting the company amid the pandemic, the financial machinations of Web3 organisations and his vision for the future of his firm
 "Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS")
Healthcare insurer Loop raises $25 mn from Vinod Khosla, others in Series B
The round comes just six months after Loop raised a $12 million Series A, bringing total mop up till date to $40 mn
Top headlines: CoinDCX raises $135 mn; Lavrov says Ukraine op in new stage
Business Standard brings you the top headlines on Tuesday
 "Top headlines: CoinDCX raises $135 mn; Lavrov says Ukraine op in new stage")
India will have over 250 unicorns by 2025, says Iron Pillar report
The public listing of 12 Unicorns is another indicator of the increasing maturity of the Indian tech ecosystem
 "India will have over 250 unicorns by 2025, says Iron Pillar report")
EVage eyes a first mover advantage with launch of one-tonne e-delivery van
The Mohali-based all-electric vehicle startup took nearly seven years to develop, test and validate Model X; roll out likely year-end
 "EVage eyes a first mover advantage with launch of one-tonne e-delivery van")
