Page 40 - Start Ups

InnoVen Capital announces first close of new fund at Rs 740 crore

The first close was done with anchor investor Innoven Capital Pte Ltd, a joint venture between Seviora (a wholly-owned subsidiary of Temasek) and United Overseas Bank

Will Superior Voting Rights boost domestic listing of tech startups?

Sebi has eased the rules for issuance of shares with superior voting power, bringing India on a par with start-up rules in the US. Will this inspire Indian start-ups to list in India?

India social commerce startup Meesho valued at $5 billion by Fidelity

Meesho raised $570 million in fresh funding led by Fidelity Investments

Sebi ruling on DVR cheers startups, but can it stop international listings?

Sebi has said that promoters/founders who have net worth of Rs 1,000 crore can now have superior voting rights

Live online tutoring startup Vedantu in unicorn club with $1 bn valuation

Vedantu has raised $100 mn in funding. The firm which is competing with Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy is also planning an IPO by 2024

Health startup MFine raises $48 mn to build largest virtual hospital

MFine aims to build one of the Largest Virtual Hospitals in the world and make high-quality healthcare more accessible and effective with the use of AI and mobile technologies

State Bank of India explores ways to debt finance start ups

The number of government recognized start ups under the 'Startup India' initiative launched by Prime Minister Narendra Modi in January 2016, has grown nearly 85 times.

CredAvenue raises $90 mn to scale up building infra to power debt markets

The funding round, led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock, values the company at about $410 million

Vedantu is India's newest unicorn after $100-mn funding from ABC World

The Bangalore-based startup becomes the fifth Indian edtech unicorn after Byju's, Unacademy, UpGrad and Eruditus, and the third to reach the milestone this year.

Mentza raises $400,000 in seed round led by Inflection Point Ventures

Mentza is a one of its kind audio-based conversational learning platform that wants to engage users through high quality focused 20-minute conversations across diverse topics

GoBOLT using tech to offer E2E logistics solutions as economy revives

The company, whose revenue grew to Rs 200 cr in FY21, has a current revenue run rate of Rs 22-25 cr a month; it aims to double that over next 12-18 months

Retail ecosytem gets ready to capitalise on $9 bn festive sales opportunity

Festive season sales: Everyone, from sale point to back-end support services provider, is gearing up to grab its share of the pie

Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures

Kunal Shah, Anupam Mittal and a host of other angel investors also participated in the round

Glamyo Health raises $3 mn in Series A led by Ananta Capital

The company functions in the area of elective surgeries and claims to have had a 300% surge in business on its platform

The Money Club raises pre-series A funds led by SOSV and Venture Catalysts

Founded by IIT Kharagpur friends, The Money Club leverages AI to effectively underwrite high frequency, micro pooling of funds by studying user behaviour

Skill tech platform Mechaniks TV plans to raise $1 mn for expansion

Independent skill-tech platform for automotive mechanics, Mechaniks TV, is in the process of raising funds of $1 mn for expansion of its offering and technology enhancement

AWS, MeitY Startup Hub collaborate to support growth of startups in India

Amazon Internet Services Pvt Ltd (AISPL) on Friday said it has inked an agreement with MeitY Startup Hub to promote technology innovation and the sustainable growth of start-ups in India.

Artha Venture Fund launches programme to invest in Indian startups

Venture capital firm Artha Venture Fund on Thursday announced the Artha Access programme to make early-stage investments in Indian startups from its recently closed fund of Rs 225 crore.

Y Combinator-backed fintech Karbon raises $12 mn in pre-Series A round

Karbon will use the funds to step up its product development, hiring plans and operations. It expects to double its headcount to 60 over next 6 months

Gupshup acquires New Jersey-based RBM player Dotgo for undisclosed sum

A strong partner of Google, Vodafone and Orange, Dotgo manages rich communication systems across markets, and runs world's largest RBM Hub with connectivity to RCS users across the world