Page 57 - Start Ups

Whatfix raises $90 mn funding from SoftBank Vision Fund 2, others

Whatfix is a digital adoption solutions provider

How hyperlocal delivery firms are helping a new breed of home chefs thrive

Well networked, they deliver packaged food swiftly, at the right temperature and under stringent hygiene and safety protocols; they also reach medicines, clothes and documents to the customer

How Bhavin Turakhia is building a 'bank in a box' stack for global markets

His firm Zeta aims to enable users to run any program--credit or debit card, savings a/c, deposits, loans, on a single modern cloud native platform without having to leverage any other vendor

Paytm sends 'offer for sale' to staff as it moves ahead with $3 bn IPO

Paytm's public market debut will include a mix of new and existing shares to meet regulatory obligations.

SBI invests undisclosed amount in digital payments startup Cashfree

Country's top lender seeks to promote digital payments. Last November Cashfree had raised $35.3 mn in Series B funding, led by UK's Apis Growth Fund II

Rocket Learning aims to change academic fate of kids at bottom of pyramid

How Rocket Learning is laying the foundation of education for children from low-income families

Food tech startup Daalchini Technologies plans to raise growth capital

Food-tech startup Daalchini Technologies plans to raise growth capital of up to USD 8 million (around Rs 58 crore) in the next 2-3 years to support its growth plans.

Holisol Logistics raises capital from Northern Arc Capital

Holisol, India's leading exchange-to-exchange tech-enabled supply chain solutions company, said it has raised USD 3 million from digital debt platform Northern Arc Capital.

TechEagle gets approval to deliver medicines using drones in Telangana

Delivery is being done in collaboration with the Government of Telangana, NITI Aayog and World Economic Forum

Artha Venture Fund announces final close of Rs 220 crore debut fund

A surge of interest in Indian start-ups and the robust performance of the seed fund's early investment made AVF overshoot its target

As many as 50,000 startups recognised by DPIIT: Commerce Ministry

As many as 50,000 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) till date, an official statement said on Thursday.

IPV leads early-stage funding of Rs 3 cr in music learning startup Spardha

A few US-based HNIs also participated; firm offers personalised courses, has grown 10x in past 12 months of pandemic, with over 5,000 registered users and over 1,300 paid users in India and the US

Urban Company crosses $2.1 bn valuation, plans international expansion

Home services startup plans to go to 100 more Indian cities after raising $255 million in funding

Supply chain tech startup Locus raises $50 mn from Qualcomm, Tiger Global

Series C funding led by Singapore's sovereign wealth fund GIC; Falcon Edge and a clutch of angels also participate

Urban Company raises $255 million, valuation crosses $2.1 billion

Home services marketplace Urban Company on Wednesday said it has raised $255 million (about Rs 1,857 crore) in funding led by Prosus Ventures, Dragoneer and Wellington Management

3one4 Capital leads early-stage round in healthtech firm Breathe Well-being

The enterprise, which helps people prevent and manage Type-2 Diabetes has raised $1 million

Indian startups to get $200-mn VC fund focusing on 4 areas of climate tech

The fund is targeting 15-20 investments with ticket size of $500,000 to $20 million

IIT Madras-incubated GalaxEye raises pre-seed from Speciale Invest

GalaxEye said it will use the funds to strengthen its space technology and build a "world class team" India.

Edtech startup Avishkaar raises Rs 5 crore of funding in pre-series A

Avishkaar plans to utilize the funding towards product development and further expansion of its portfolio in addition to hiring talent

Upgrad aims to close March 2022 at $500-million revenue run rate

South Asia's largest online higher education company, in its recently held company meeting, announced that it aimed to close March'22 at half a billion dollar in revenue run rate.