Page 44 - Start Ups

Amarinder launches 'Innovation Mission Punjab' to boost start-up sector

CM Amarinder Singh on Wednesday launched 'Innovation Mission Punjab' (IMPunjab), a public-private partnership that brings in global investors and experts to catalyze start ups, a release said.

Skeps raises $9.5 mn in funding led by Bertelsmann India Investments

Financial technology startup Skeps has raised USD 9.5 million (about Rs 70 crore) in series A funding round led by Bertelsmann India Investments.

PayU aims to provide full-stack financial services to its customers

So far, the company has disbursed about $300 million in credit and it now wants to add new products

Voice AI company Skit raises $23 mn in Series B led by WestBridge Capital

This follows a Series A round last May, led by Exfinity Ventures and Kalaari Capital, AngelList. The latest funding brings the startup's total raise to $30 million

What happens when an entrepreneur sets his mind on solving parking woes?

For most, Amit Lakhotia's Park+ is an app for parking spots discovery, booking and payments; others know it as the firm behind automated entry-exits gates at apartments and malls

Village commerce tech startup 1Bridge raises $2.5 mn in fresh funding round

The funding was led by Netherlands-based impact investor C4D Partners, an early investor for the last 4 years

Covid therapy to kindness for burnout: E-commerce cos put staff care on top

The firms are continuing to prioritise employee well-being ranging from support for Covid treatment including hospitalisation to providing facilities for physical and mental health

Rattle raises $2.8 mn in seed round led by Lightspeed and Sequoia Capital

Angels such as Amy Chang (EVP, Cisco & Disney board member), Ellen Levy (investor in Outreach), Jake Seid (investor in Brex & Carta), and Krish & Raman (Chargebee founders) also participated

Homegrown firm MapmyIndia files draft papers for IPO with Sebi

MapmyIndia, which powers Apple maps in India, has filed draft papers with the domestic market regulator for an initial public offering

Ola picks banks for $1 billion IPO, may file papers in Oct: Report

The Bangalore-based startup could seek a valuation of more than $8 billion in the IPO and could lodge a filing as soon as October, people familiar with the matter said

Upgrad doubles learners base in eight months, crosses 2-million mark

By crossing 2 million learners base as of today, Upgrad has become the largest online higher education platform in the country, said co-founder and chairman Ronnie Screwvala

Sportswear D2C brand Elevar raises Rs 19 cr from Kalaari, Dream Capital

The company, a direct-to-consumer sports brand that makes cricket bats, athletic performance footwear, will utilise funds towards expanding its product portfolio, increasing its marketing efforts

D2C sports brand Elevar raises funding from Kalaari, Dream Sports

The company will utilise the funds towards expanding its product portfolio, increasing its marketing efforts, and building out its team.

PM Narendra Modi hails India's start-up culture on 'Mann ki Baat'

PM Modi asserted that it is a sign of India's bright future

Eye on India's IPO map: MapMyIndia plans to go public, raise Rs 1,200 crore

India's first home-grown mapping company is looking to list in the public market at a Rs 6,000-crore valuation

NeST Group launches digital service, plans to create 1,000 jobs

The NeST group of companies on Friday announced the launch of NeST Digital, its formal re-entry into the digital engineering services sector, and said it will create 1000 jobs

Online debt arranging platform CredAvenue to double headcount by March 2022

CredAvenue, the online debt arranging platform from Vivriti Capital, plans to double its headcount to 700 by March 2022 to drive its accelerated growth plans

Processing about 1.5 bn transactions a month: PhonePe CEO Sameer Nigam

Nigam said that the fintech firm is aiming to reach 900 million people in the next 8-10 years

Meity Startup Hub, Paytm to launch programme to support deep-tech startups

Paytm has signed an agreement with IT ministry's startup hub to scale deep-tech startups by providing access to platform, knowledge series, experts, resources, and larger community of stakeholders.

ChrysCapital, True North Managers and others invest $150 mn in QuEST Global

The existing investors - Bain Capital, Advent, and GIC, continue to remain invested. O3 Capital acted as the sole financial advisor to the transaction