Page 45 - Start Ups

Govt launches SAMRIDH scheme to help startups in their initial phase

SAMRIDH will create a conducive platform for Indian software product startups to enhance their products and secure investments for scaling their business

2am VC plans to invest $10 mn in over 50 Indian startups by 2022-end

US-based venture capital firm 2am VC on Wednesday announced plans to invest USD 10 million in more than 50 Indian startups by the end of next year.

Govt to launch special incentive scheme to support 75 start-ups

The government will soon launch a special incentive scheme to support 75 start-ups in areas of telemedicine, digital health and artificial intelligence

Early recovery for travel portals, little impact of likely third wave seen

Higher pace of vaccination, lifting of lockdown curbs is aiding recovery; but it is clipped as only 72.5% of airlines are allowed to fly as per present rules

Govt launches SAMRIDH Scheme to help startups in the early stage

The SAMRIDH initiative will not only provide funding to startups, but will also help in bringing skill sets together which will help them become successful

Agritech robotics startup TartanSense raises $5 mn in Series-A funding

TartanSense builds small agricultural robots, equipped with AI-assisted computer vision, to help small farms prune expenses and improve incomes

Govt launches schemes to support 300 start-ups for creating 100 unicorns

The govt launched a programme to support 300 IT start-ups under which it will provide seed funding, mentorship and market access with a view to creating 100 unicorns out of the selected start-ups

D2C fashion firm Bewakoof raises Rs 60 cr in pre Series-B funding

Round was led by InvestCorp with participation from IvyCap Ventures and Spring Marketing Capital; with this the firm has so far raised Rs 170 cr

Work cohesively to create India's own equity capital: FM to India Inc

Govt exploring insurance bonds as alternative to bank guarantees

House of Kieraya raises $15 million in asset financing from TradeCred

House of Kieraya (HoK), known for furniture and lifestyle rental brand Furlenco, on Tuesday said it has raised $15 million from alternative debt platform TradeCred

John Abraham, others invest Rs 4 crore in icecream maker NOTO

Actor John Abraham and a clutch of venture capital (VC) funds have invested Rs 4 crore in NOTO, the low-calorie and high-protein icecream brand said on Tuesday

BharaPe enters P2P lending with '12% club', taps NBFCs to sell product

The '12% club' will allow consumers to not only earn up to 12% interest on the funds they invest but also borrow at an interest rate of 12%

Fintech startup Khatabook's valuation tops $600 mn after raising $100 mn

The firm is also buying back ESOPs worth $10 mn to acknowledge and reward employees, ex-employees, and early investors

Hike raises undisclosed amount, led by Tinder co-founder Justin Mateen

This latest round of funding will be deployed to expand Hike's product strategy along with enabling high-quality hiring across functions

Breathe Well-being raises $5.5 mn in Series A round led by Accel

This round saw the exit of angel investors who have received a 30X exit and early employees being rewarded with ESOPs encashment

Smytten raises $6 mn in Series A funding led by Fireside Ventures

With more than 5 million users, Smytten is one of the largest direct-to-consumer sampling platforms in India

AppsForBharat raises $4 mn in seed fund from Sequoia Capital and BEENEXT

The round also saw participation from WEH Ventures. The funds will primarily be used for product development and hiring tech talent

Unicommerce to increase workforce by 60%, hire over 150 people in FY22

Unicommerce, an e-commerce focused SaaS (software as a service) platform, on Monday said it plans to increase its workforce by 60 per cent, onboarding over 150 people during the current fiscal year

Manufacturing startup Zetwerk eyes global expansion, raises $150 mn

The firm aims to grow its revenue by four times in 2021-22, based on a strong order book of Rs 5000 crore

Mobility startup Get My Parking aims to double revenue to $5 mn this fiscal

Mobility start-up Get My Parking is looking to double its revenue to $5 million (about Rs 37 crore) this fiscal