Page 25 - Startups

Chalo raises $40 mn from Lightrock India, Filter Capital, others

Chalo, which powered 20 million bus rides in September 2021, has 15,000 buses live on its platform and a presence in 31 cities

Esper raises $60 million in Series C funding led by Insight Partners

The investment brings Esper's total funding to $100 million and follows the company's $30 million Series B just four months ago in May 2021

Smartstaff raises $4.3 mn in seed funding from Blume Ventures and others

Smartstaff helps businesses hire and manage their blue collar workforce by digitising workforce management practices

InnoVen Capital announces first close of new fund at Rs 740 crore

The first close was done with anchor investor Innoven Capital Pte Ltd, a joint venture between Seviora (a wholly-owned subsidiary of Temasek) and United Overseas Bank

Will Superior Voting Rights boost domestic listing of tech startups?

Sebi has eased the rules for issuance of shares with superior voting power, bringing India on a par with start-up rules in the US. Will this inspire Indian start-ups to list in India?

India social commerce startup Meesho valued at $5 billion by Fidelity

Meesho raised $570 million in fresh funding led by Fidelity Investments

Super apps, super challenges: Who and what's in play to hook customers

No super app in Asia has entered the health sector in a big way. In India, the Tata 1mg health care tie-up has broken into the space

State Bank of India explores ways to debt finance start ups

State Bank of India on Wednesday said it is trying to work out a way to debt finance start ups as current rules allow banks to fund only profitable companies. Start ups raise equity fund to run their business and promoters are forced to dilute stake as debt funding is not available for the sector because they are loss making in the initial years, a senior official of the bank said. We are struggling to debt fund start ups. Bank norms and rules allow debt funding to profitable ones. As initially startups are loss making, they are to be funded based on the viability of the idea only. We are trying a way out, SBI Managing Director - International Banking, Technology & Subsidiaries, Ashwini Kumar Tewari said at the annual general meeting of The Bengal Chamber. He said the bank was doing equity funding through a subsidiary SBI Ventures and recognized that the country needs to support the start up culture. The number of government recognized start ups under the 'Startup India' ...

Ugam to hire over 1,000 fresh graduates in India in coming months

This expansion will support Ugam's accelerated business growth due to digital transformation.

Mentza raises $400,000 in seed round led by Inflection Point Ventures

Mentza is a one of its kind audio-based conversational learning platform that wants to engage users through high quality focused 20-minute conversations across diverse topics

Govt to support 75 startup innovations for healthcare challenges

Jitendra Singh on Tuesday launched a programme to identify 75 startup innovations in telemedicine, digital health, health with big data, artificial intelligence, blockchain and other technologies.

AWS, MeitY Startup Hub collaborate to support growth of startups in India

Amazon Internet Services Pvt Ltd (AISPL) on Friday said it has inked an agreement with MeitY Startup Hub to promote technology innovation and the sustainable growth of start-ups in India.

Mumbai, Bangalore and London named among World's top startup hubs

London, Mumbai and Bangalore have featured among the world's top startup hubs, according to a comprehensive ranking of international startup hubs compiled by Startup Genome

Gupshup acquires New Jersey-based RBM player Dotgo for undisclosed sum

A strong partner of Google, Vodafone and Orange, Dotgo manages rich communication systems across markets, and runs world's largest RBM Hub with connectivity to RCS users across the world

Bangalore-based startup HappyCredit raises Rs 5 cr in pre-seed round

The Indian e-commerce market is growing substantially, with the total market size expected to reach $188 billion by 2025

Healthcare AI startup Endimension raises Rs 2.3 cr in seed funding

The AI platform of the startup helps to automatically detect abnormalities and diseases, via AI algorithms from medical scans

Kerala CM inaugurates Digital Hub; aims to have 15K start-ups in next 5 yrs

Chief Minister Pinarayi Vijayan has inaugurated "Digital Hub" with a capacity to support 200 start-ups via video conferencing, said a press release from Chief Minister's Office

Kerala aiming for 15,000 start-ups by 2026: CM Pinarayi Vijayan

Kerala is working towards a four-fold increase in the number of startups by aiming to take their total to 15,000 in the next five years, said Chief Minister Pinarayi Vijayan, here on Saturday.

Two Tamil Nadu angel networks join hands to fund startups in the state

Both networks will coordinate and plan common pitch sessions on a case-by-case basis, will also support startups in select activities

Shadez raises $200K in pre-series A round led by Inflection Point Ventures

The startup is operating across Mumbai, Pune & Vadodara and has painted over 200 homes in Mumbai till date with over 400,000 sqft