Page 2 - Start-up

Google-backed Open plans to onboard 10 mn small businesses in three year

Open competes with players such as Razorpay and British fintech firms like Revolut and Tide

Indian tech startups raise $6 billion in April-June quarter, Fintech rules

Number of deals dropped by 17% sequentially, more than half were larger than $100 million each

One year of startup listings: Exuberance tapers as firms lose grip on gains

After Zomato's promising start, global tech meltdown halts listing gravy train

Supply chain start-up Wheelocity raises $12 mn to expand business

Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain

Ankiti Bose steps down from Zilingo board, was fired from firm in May

Bose was fired from the Singapore-based B2B e-commerce startup company on May 20 on grounds of financial irregularities

SaaS startups gain favour as funding slows down for other companies

According to the Venture Intelligence data, year-to-date, SaaS start-ups have raised almost $1.8 billion

Alternative data insights startup Synaptic raises $20 mn from Valor

Synaptic is used by leading venture capital and private equity firms, Hedge Funds, and Asset Managers globally with combined assets of several hundred billion dollars

Investment firm DVC announces close of $80 mn fund for SaaS start-ups

It will invest in one company per quarter, or a total of approximately 20-25 companies over five years.

Start-up Wakefit logs Rs 636 cr revenue, marking 50% y-o-y growth

Firm that makes mattresses and pillows aims to expand to smaller cities and is setting up a manufacturing facility in Sonipat.

Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund

The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.

Google-backed VerSe valued at $5 billion in latest funding round

VerSe Innovation has raised $805 mn in a funding round led by Canada's top pension fund, putting a $5 billion valuation on the Google-backed parent of video app Josh and news aggregator Dailyhunt.

Phool raises Rs 60 cr from Sixth Sense Ventures, Alia Bhatt, IAN Fund

The money was raised in a series A round which also saw participation from existing investors -- actor Alia Bhatt and IAN Fund

Vested Finance raises $12 mn in series A funding round led by Ayon Capital

The company has processed more than $250 million in transactions in 2021 and also tripled the deposits on the platform in 2021.

Leverage Edu raises $22 mn in Series B funding at $120 mn valuation

Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round

Agritech startup Otipy raises $32 million from investors to expand business

Agri-tech startup Otipy, which mainly sells fresh vegetables and fruits through its mobile app, has raised $32 million (Rs 235 crore) from investors including Westbridge Capital to grow its business

SaaS start-up Icertis aims at $50 billion valuation, global domination

The global market for Life Cycle Management is estimated at $3 bn

SaaS start-up Hasura enters unicorn club with $100 mn Series C funding

Greenoaks-led round will be used to expand R&D and go-to-market activities for GraphQL

India has third-largest ecosystem for start-ups: Nasscom Official

'The number of start-ups is growing significantly in the country with ten per cent being added every year'

Edtech soonicorn BrightCHAMPS to accept fee payments in cryptocurrency

Ties up with payment gateway TripleA; will accept Bitcoin, Tether, and Ethereum in more than 30 countries it operates in, including US, Canada, UAE, Nigeria, Malaysia, Thailand

Tech startups struggle to get out of the red amid mktg and staff cost spike

While losses widened by 45% and 55% at fintech peers Paytm and PB Fintech, respectively, food delivery firm Zomato remained in the red despite narrowing its net loss by 81%