Page 24 - Start Ups

Ronnie Screwvala-backed startup Lido Learning shuts shop, workers seek help

Many Lido Learning's employees and vendors complained about not getting salaries for nearly two months and delayed payments on professional networking platforms and social media

Loyalty solutions provider Xoxoday raises $30mn from Giift, Apis Partners

The investment includes both primary and secondary capital components, and the collaboration will enable both Giift and Xoxoday to enlarge their service offerings and accelerate growth globally

Rakesh Jhunjhunwala-backed furniture maker bags Rs 75 cr in funding

Arrivae raises Series B investment from Think investments and Havells

CoutLoot: A digital platform for bargain hunters across Bharat and India

The firm allows buyers and sellers pan-India to haggle over price and terms in as many as 12 languages on chat platforms, is now planning video-enabled bargaining too

Online healthcare firm MediBuddy raises $125 mn in Series-C funding

MediBuddy, which recently got actor Amitabh Bachchan as a brand ambassador, is aiming to scale up business

Proptech startup Facilio raises $35 mn from Dragoneer, Tiger Global, others

Facilio offers a unified software platform that leverages an AI-led predictive engine to help real estate portfolios digitise processes and optimise their property operations

SaaS start-up Hasura enters unicorn club with $100 mn Series C funding

Greenoaks-led round will be used to expand R&D and go-to-market activities for GraphQL

Vymo raises $22 mn in series C round from BII, Sequoia, existing investors

BII's Rohit Sood will be joining the company's board

Data centre specialist Princeton Digital raises $500 mln, led by Mubadala

The funding will enable the Princeton Digital to deepen its presence in Japan, India, Singapore.

Rural social network Krishify gets $6.2 mn funding for expanding business

Krishify app helps farmers, rural communities and agribusiness companies to interact and transact among themselves.

D2C snacks brand Happilo raises $25 mn from Motilal Oswal Private Equity

Aims to scale business to Rs 2,000 crore in revenue over the next 4 years

Ex-Twitter India chief Manish Maheshwari's Invact Metaversity raises $5 mn

Antler India invested in Invact Metaversity alongside other global institutional investors like Arkam Ventures from India, Picus Capital, M Venture Partners, BECO Capital and 2am VC

Edtech soonicorn BrightCHAMPS to accept fee payments in cryptocurrency

Ties up with payment gateway TripleA; will accept Bitcoin, Tether, and Ethereum in more than 30 countries it operates in, including US, Canada, UAE, Nigeria, Malaysia, Thailand

Propelld raises $35 mn in Series-B funding led by WestBridge Capital

Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 cr.

You don't know it but we're involved in each of your card swipes: Fiserv GM

In a Q&A, Rishi Chhabra, who also heads the firm's India and Sri Lanka operations, dwells on his company's swift response to RBI's six-month moratorium and data localisation rules

Fintech platform Propelld raises $35 mn to boost education finance biz

Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections.

Polygon's $450-mn funding: Is it Flipkart moment for blockchain in India?

The Indian blockchain start-up's massive funding round has many implications for Web3 companies and VCs in the crypto arena

Dealshare raises $45 mn from ADIA in Series E round at $1.7 bn valuation

Aims for $3 billion of gross revenue run rate and operational profitability in next 12 months

Tech startups struggle to get out of the red amid mktg and staff cost spike

While losses widened by 45% and 55% at fintech peers Paytm and PB Fintech, respectively, food delivery firm Zomato remained in the red despite narrowing its net loss by 81%

Edtech startup LEAD announces ESOP liquidation plan of $3 mn for staff

Edtech start up LEAD on Wednesday announced an ESOP Liquidation Plan of about USD 3 million (about Rs 22.5 crore) for its employees.