Page 5 - Startup

StanPlus aiming under-10-minute arrival time for an ambulance in one year

Managing a fleet of close to 3,000 ambulances, StanPlus now claims to dispatch ambulances in under four minutes and reach the patient in under 15 minutes

Insurtech startup Ensuredit raises $4.2 mn from Cover Genius, others

Insurtech startup Ensuredit has raised USD 4.2 million (about Rs 33 crore) in a Pre-Series-A round led by Cover Genius, 9Unicorns, NexStep Discovery, CP Ventures, Venture Catalysts and IPV

Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group

Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

Proptech startup PropShare raises $47 mn from WestBridge Capital, others

Proptech startup PropShare has raised $47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes

Tech startup Matter raises $10 mn to scale up e-mobility, energy storage

Info Edge-backed technology fund Capital 2B, Climate Angel Fund lead investors in Matter's first external round of funding

Pine Labs acquires API fintech startup Setu in $70 mn-$75 mn deal

Merchant commerce platform Pine Labs on Thursday announced the acquisition of Bengaluru-based API fintech startup Setu in a deal valued at USD 70-75 million

Second-sale realty broker Settlin raises $1 mn in pre-series A round

Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund, and Bharat Matrimony founder among investors; funds to be used for expanding within Bengaluru

Zilingo's co-founders make surprise buyout offer for startup: Report

The move comes as Zilingo's board is scheduled to meet on Monday to discuss the future of the company, according to people with knowledge of the matter

ShareChat's valuation crosses $5 bn after closing $520 mn funding round

Social media company raises $255 mn from Google, Times Group and existing investors

Ex-BharatPe MD Ashneer Grover to raise $200-300 million for new venture

Ashneer Grover, who is currently in the US, may sell his BharatPe stake or raise fresh capital by issuing a stake in the new company

Google announces startup accelerator programme for women-led startups

The Google's startup accelerator programme for women-focused founders will have two cohorts for this year and each cohort will support 20 women founders

Mobile-based PoS app QueueBuster raises Rs 63.3 cr in series A round

Funding led by Chiratae Ventures, Omidyar Network India and Flourish Ventures

Teaching is still my first love: Alakh Pandey, CEO & founder PhysicsWallah

He is gearing up to launch educational content in nine languages, including, Bengali, Marathi, Tamil, Telugu, Gujarati and Malayalam

Fintech startup HostBook raises $3 mn in series A funding led by Razorpay

Hostbooks intends to utilise the Series-A funding to further scale its operations and enhance its existing product suite

Fashion startup Zilingo's board said to approve debt repayment to creditors

The move puts the embattled fashion startup in a precarious financial position, given its money-losing operations and limited access to fresh capital

Beauty start-up Purplle raises $33 mn in funding, gets unicorn status

It is the second Indian startup this week to be valued at more than $1 billion, after edtech firm Physics Wallah.

Co-living operator Hyphen raises $1 mn from investors to expand business

Co-living operator Hyphen on Thursday said it has raised USD 1 million (around Rs 8 crore) from investors to expand business

Career Lifecycle Management Start-up GENLEAP launches GenDiscover, world's first DNA Based Self-Discovery Product, in India, set to change a billion lives

Based on the proven concept of 'Nurturing the Nature', it is a first-of-its-kind revolutionary product in the world-designed to impact a billion lives in India.