Page 4 - Startup

Machine learning developer TrueFoundry raises $2.3 mn in seed funding

Company will use financing to expand technology team and for product development

Deep tech start-up Awiros raises $7 mn in series A from Inflexor, Exfinity

Funds will be used by the start-up for product enhancement, building its own developer community and to accelerate growth and global expansion

How a startup in Pakistan folded just a year after raising $85 million

Airlift started by operating vans and small buses used by office workers and students. When that business slowed during the pandemic, the company pivoted to quick commerce

Construction management start-up Powerplay raises $7.14 mn in funding

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore

Accenture Ventures makes strategic investment in satellite startup Pixxel

Pixxel is building world's highest resolution hyperspectral imaging satellite constellation in order to offer AI-powered insights on climate issues at a fraction of the cost of traditional satellites

Laying eyewear optic fibre to make 400 mn specs per year: Lenskart's Bansal

As part of that strategy, the SoftBank-backed firm is setting up the world's largest eyewear manufacturing plant in Bhiwadi, a city in Rajasthan

HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group

HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care

TVS to acquire 48% stake in two-wheeler startup DriveX for Rs 85 cr

TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan's pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand DriveX', through primary and secondary investments. Founded by Formula 1 driver Karthikeyan, DriveX is into leasing of two-wheeler motorcycles and scooters and selling, trading, and distributing pre-owned two-wheeler motorcycles and scooters. "DriveX has a vision to bring a change in this segment by building trust, assurance, and transparency through end-to-end, high-quality products and customer experience through innovative solutions. We are confident of DriveX ability to deliver on this vision," TVS Motor Company Managing Director Sudarshan Venu said in a statement. DriveX Founder and CEO Karthikeyan said DriveX is a digital first business, serving all brands with ...

Zomato-backed Shiprocket raises $33.5 mn, becomes India's 106th unicorn

The logistics technology platform was valued at around $1.2 billion with the fresh round of funding

How a celebrity CEO's rule of fear helped bring down hot startup Zilingo

The story of how globetrotting tech star Ankiti Bose built and lost one of Asia's most vaunted startups

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

Fintech firm Twid raises $12 mn to expand reward points-based service

Company has more than 40 million registered users and it works with 50,000 merchants

Startup style: the smart way of dressing up is to rent your clothes

Lease designer and premium brands from companies that offer attire you can return after wearing for a while

Child, maternity products marketplace Nestery raises Rs 6 cr in funding

Start-up will use the funds to expand team, improve technology and generate original content

Porter completes divestment of Modern Trade business to COGOS Technologies

This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions

DU sets up firm to promote innovation, another in pipeline for funding: VC

"We have set up one company to encourage new startups and innovation in the varsity and we are in search for its CEO. The company will work on incubators and promote innovation," VC Yogesh Singh said

First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups

First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage

DRS system launched to incentivise plastic waste disposal at Kedarnath

A Hyderabad-based start-up has launched a unique deposit refund system at Kedarnath in collaboration with the district administration to address the problem of littering

OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek

The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures

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