Page 34 - Start Ups
Cybersecurity start-up CloudSEK raises Rs 50 crore in Series A funding
The round will be used to speed up CloudSEK's sales and marketing across Asia-Pacific, West Asia, and North America. The firm will also ramp up its R&D to combat sophisticated global threats
 "Cybersecurity start-up CloudSEK raises Rs 50 crore in Series A funding")
EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore
To roll out its first two-wheeler in H1 of 2022, inks MoU in electric mobility and energy storage solutions
 "EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore")
IIT Madras faculty founded 94 startups till Oct, valued at over Rs 1,400 cr
From a startup aiming to make hybrid aerial vehicles to the converting waste to crude oil, faculty members at IIT Madras founded at least 94 enterprises having a combined valuation of over Rs 1,400 cr
 "IIT Madras faculty founded 94 startups till Oct, valued at over Rs 1,400 cr")
Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai
India's tech sector to employ 10 mn engineers in next 10 years, says former Infosys CFO at InFinity Forum
 "Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai")
Swiggy to invest $700 mn in grocery delivery service Instamart
First launched in Bengaluru and Gurugram last year, Instamart is set to reach an annualised gross merchandise value run rate of $1 billion in the next three quarters, Swiggy said
 "Swiggy to invest $700 mn in grocery delivery service Instamart")
CollegeDekho closes $35mn Series B round led by Winter Capital, ETS
Firm will boost investment in products and tech while growing new verticals like Ed-Fin-Tech, student accommodation and coaching for higher education
 "CollegeDekho closes $35mn Series B round led by Winter Capital, ETS")
B2B packaging solutions startup DCGpac.com raises Rs 5 cr in pre-series A
DCGpac, which has sold over 200 million products across India so far, is growing more than 15 per cent month-on-month by revenue. It turned EBITDA positive this September
Cloud storage services startup Digiboxx raises $1.5 mn from investors
File storage and sharing or cloud storage services startup Digiboxx has raised USD 1.5 million in pre-series-A funding round led by Chandigarh-headquartered Capgro Fund.
 "Cloud storage services startup Digiboxx raises $1.5 mn from investors")
Start-up pay cheques, ESOPs are creating a new breed of angel investors
These high-earning start-up executives generally invest cheque sizes of Rs 2-5 lakh and are drawn to companies in the seed stage
 "Start-up pay cheques, ESOPs are creating a new breed of angel investors")
KSUM's KITE meet ends, shortlists 24 IEDC ideas for product development
The Kerala Startup Mission (KSUM) on Friday selected 24 new products by Innovation and Entrepreneurship Development Centres on the concluding day of the five-day virtual technology exhibition.
 "KSUM's KITE meet ends, shortlists 24 IEDC ideas for product development")
TechEagle delivers lifesaving medicines using hybrid drone in Meghalaya
The collaboration with the state govt is aimed at transforming the healthcare supply chain for hard-to-reach population
 "TechEagle delivers lifesaving medicines using hybrid drone in Meghalaya")
Vedantu announces buyback of ESOPs worth $3 mn for eligible employees
Founders will not participate in buyback
 "Vedantu announces buyback of ESOPs worth $3 mn for eligible employees")
Dream 11 parent Dream Sports raises $840 mn at valuation of $8 bn
The firm had raised $400 million in its previous funding round at a $5 billion valuation in March this year
 "Dream 11 parent Dream Sports raises $840 mn at valuation of $8 bn")
Betting early on multi-baggers: How Unicorn Ventures profit off start-ups
According to a PwC report, the Indian start-up ecosystem saw investments of over $10 billion in the third quarter of calendar 2021 from VCs
 "Betting early on multi-baggers: How Unicorn Ventures profit off start-ups")
ForPaws: The app that uses facial recognition tech to help find lost pets
Recently launched by MARS Petcare, the world's leading pet food company, the app also leveraging technology to spread the message about how one can provide care for pets as a community
 "ForPaws: The app that uses facial recognition tech to help find lost pets")
Proptech start-up NoBroker enters unicorn club with $210 mn funding
More than 7.5 million properties are already registered on the portal
 "Proptech start-up NoBroker enters unicorn club with $210 mn funding")
Paytm debacle more about pricing, won't impact start-up IPOs: PE/VC firms
They say Paytm's poor show is a reflection of just one company that didn't do well, many other IPOs like that of Zomato have been strong
 "Paytm debacle more about pricing, won't impact start-up IPOs: PE/VC firms")
SaaS company Zenwork raises over Rs 1,200 cr from Spectrum Equity
Spectrum's investment portfolio includes the likes of Grubhub, SurveyMonkey, Kajabi, Lucid Software, and Verafin
 "SaaS company Zenwork raises over Rs 1,200 cr from Spectrum Equity")
Medkart raises Rs 40 cr in Series A co-led by Alkemi, Insitor Partners
Having grown from scratch to 75 stores, predominantly in Gujarat, Medkart plans to use the funds for expansion to touch 250 stores by 2023
Test prep startup Toppersnote raises $1 mn in seed fund led by IPV
Active in 70-plus exams such as UPSC, GATE, NEET, IIT, SSC and state govt job exams, the firm has over 300,000 aspirants primarily from tier 3 and below towns on its platform
