Page 46 - Start Ups

$17.2 bn infused in Indian startups by VC firms during Jan-July: Report

Venture capital firms infused a total of $17.2 billion investment into the Indian startup ecosystem during January-July 2021

Startups raised $6.5 bn in Apr-Jun period, 11 new unicorns created: Report

Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said

Zetwerk joins unicorn club after raising $150-million in Series E funding

This is the second fundraise for the Bengaluru-based company in 2021

Udaan, Throttle Aerospace trial run of drone delivery of drugs a success

The trial was conducted by Udaan within a 15-km radius at Gauribidanur on the outskirts of Bengaluru by udaan for the last mile delivery of medicines

Oyo raises $5 million from Microsoft at $9.6 billion valuation

The company is aiming to transform itself to a global full-stack technology provider for small and mid-sized hotels and homes

CarTrade Tech makes tepid market debut; tumbles 7% at close of trade

CarTrade Tech's initial public offering (IPO) was subscribed 20.29 times

Manufacturing startup Zetwerk's valuation tops $1 bn, joins unicorn club

The firm has raised $150 mn in a Series E funding round led by D1 Capital Partners

Indian startups raise $16.9 bn VC funding in 2021, next only to China

Indian startups got USD 16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, GlobalData said Friday.

Used vehicle startup Cars24 to raise $350 mn from SoftBank, others: Report

The fundraising would also include Falcon Edge Capital and value the startup at close to $2 billion, said the person, asking not to be named because the details aren't public

Now, invest in digital gold and silver via TruCard's TruCoin: How it works

By creating access to assets like gold and silver, TruCard says it's committed to help 'build your financial wellness and set you up for financial freedom'

Aiming to raise $700 mn in debt over next 2 yrs: BharatPe CEO Suhail Sameer

Delhi-based BharatPe said it has raised Rs 100 cr each as debt from IIFL Wealth & Asset Management, and Northern Arc Capital

Hashnode raises $6.7 mn in Series A fundraise led by Salesforce Ventures

This funding follows a $2.1 million seed funding round in December 2020.

Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise

Postman was founded in 2014 by Abhinav Asthana, Ankit Sobti, and Abhijit Kane

RaRa Delivery raises funding to move all Indonesian deliveries to same-day

Founded by Karan Bhardwaj, RaRa Delivery's tech team is based in India, with an aim of scaling its India operations

Amazon, Premji Invest back fintech smallcase in $40 mn funding

The capital raised will be used to launch better investment products for the retail investor

Fresh funding to boost DrinkPrime's safe and clean drinking water mission

With most of the water in the plastic cans being unsafe and with less than 5 per cent of Indians actually owning a water purifier, the problem is real and DrinkPrime is addressing that.

RaRa Delivery raises $3.25 mn led by Sequoia Capital's Surge, East Ventures

RaRa Delivery is Southeast Asia's only last-mile logistics company in the one to three-hour deliveries segment for e-commerce

Probus Smart Things raises $500,000 led by Unicorn India Ventures

Probus develops integrated hardware and software solutions for utility providers and helps digitise their distribution grid

Govt to scale up network of incubators, accelerators to spur start-ups

Government is committed to scaling up the network of incubators and accelerators massively over the next three years, Minister for Electronics and IT Ashwini Vaishnaw said on Tuesday

Maximl eyes global expansion to 20 countries, plans to raise over $10 mn

Firm says it is India's first connected worker platform for deskless workers, has expanded the past two years; clientele includes Tata Steel, RIL, BPCL and HPCL