Page 22 - Start Ups

Bizongo buys Clean Slate Tech, aims to help 100 factories adopt IoT by 2023

Deal size not revealed; Clean Slate team to join acquirer

Leverage Edu raises $22 mn in Series B funding at $120 mn valuation

Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round

Drone tech start-up AUS signs Rs 3.75 cr lease financing deal with Grip

Grip and AUS have entered a deal that allows retail investors to invest in India's growing drone market

Logically raises $24 mn; Vitruvian Partners leads funding round

It has been estimated that fake news is costing the global economy around $78 billion every year and Logically is addressing that problem.

Media SaaS company Amagi enters unicorn club with $95-mn investment

Accel leads the financing round along with Norwest Venture Partners and Avataar Ventures

IIT Madras, RBI Innovation Hub join hands to boost fintech startups

Through this strategic collaboration, the two organizations will jointly provide incubation support and nurture early-stage startups with innovative

Clear acquires supply chain financing tech firm Xpedize for undisclosed sum

Deal will help the acquirer quickly scale and lead the invoice discounting space

Ratan Tata-backed BlueStone valuation tops $410 mn in latest round

Funding in the omnichannel jewellery retailer was led by Sunil Kant Munjal, Chairman, Hero Enterprise

How IBM's security command centre in India helps fight global cyberattacks

The unit helps train cybersecurity response techniques through highly realistic and simulated cyberattack - designed to prepare everyone from C-Suite through technical staff

Aerospace startup unveils rover to carry astronauts to Moon, Mars

US-based aerospace startup Venturi Astrolab has unveiled a prototype of an interplanetary rover that is designed to transport cargo and people across the surface of Moon - and eventually, Mars one day

Byju's raises $800 mn in funding led by founder at $22-bn valuation

The investment comes at a time when the company is gearing to come up with its initial public offer in the next 9-12 months

Live video infrastructure startup 100ms raises $20 mn in Series A funding

100ms aims to bring real-life interactions to the virtual world by providing developer tooling for live video

With culture at stake in unicorn land, spotlight on founder-VC equation

The BharatPe saga raises questions about the impact of outsized investor shareholding in young enterprises

India's gaming startup Loco gets $42 mn from South Korea's Hashed, others

India's Loco has raised $42 million led by South Korea's early-stage venture fund, Hashed, as a gaming frenzy takes hold in the country of nearly 1.4 billion people

Iron Pillar Invests in automation firm Jiffy's $53 mn Series B Funding

Jiffy's Series B was led by Eight Roads with participation from existing investor, Nexus Venture Partners, among others

Global food delivery firm Deliveroo launches engineering centre in India

The Engineering Centre in Hyderabad will be a core part of Deliveroo's central technology organisation.

Mobikwik to raise private funding as stock market turns bearish

Fintech start-up turns profitable for the first time in December quarter on massive BNPL uptake

Esports gaming platform Gamerji raises $1.1 mn in pre-series A funding

Gamerji currently serves 2.3 mn gamers, has held over 29,000 tournaments; Since Dec 2020 seed round, it has increased user base by 3x and holds 200 tournaments a day for 15 titles

Agritech startup Otipy raises $32 million from investors to expand business

Agri-tech startup Otipy, which mainly sells fresh vegetables and fruits through its mobile app, has raised $32 million (Rs 235 crore) from investors including Westbridge Capital to grow its business

New innovative edtech startups likely to bloom amid pandemic: Experts

Also, with offline schools and colleges opening up, learning will now evolve to a more nuanced blended delivery model with a mix of online and offline