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Indian startups raise over $138 million this week

Indian startups raise over $138 million this week

Sat, Nov 09, 2024

The Indian startup ecosystem raised more than $138 million this week which includes three growth-stage funding and 20 early-stage deals. At least 25 domestic startups raised nearly $138.7 million in funding.

Seeds Fincap raises USD 8.5 million from Lok, Matrix

Seeds Fincap raises USD 8.5 million from Lok, Matrix

Wed, Jul 17, 2024

The small businesses-focused lender will be using the funds to expand lending capabilities, enhance technological infrastructure, and broaden branch footprint, as per an official statement.

Optimo Loan raises $10 million from Blume Ventures, Omnivore

Optimo Loan raises $10 million from Blume Ventures, Omnivore

Wed, Mar 20, 2024

Optimo Loan on Wednesday announced that it raised $10 million in seed funding from venture capital firms Blume Ventures and Omnivore, with additional contribution from the company's founder, Prashant Pitti.

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'Startup firms growing in India with 10% being added every year'

'Startup firms growing in India with 10% being added every year'

Tue, Feb 22, 2022

Nasscom Centre of Excellence for internet of things (IoT) and artificial intelligence (AI) CEO Sanjeev Malhotra said most of the start-ups are on the application side, while a lot of work has also been done in the field of software-aided services.

Fleet management platform Fleetx raises $19.4 mn in Series-B funding

Fleet management platform Fleetx raises $19.4 mn in Series-B funding

Tue, Feb 22, 2022

Fleet management platform Fleetx.Io has raised USD 19.4 million (about Rs 145 crore) in series-B funding led by IndiaMart, the startup firm said on Tuesday. Existing investors IndiaQuotient and Beenext also participated in the round.

Wealth Guide: Are you an entrepreneur? You can now raise funds for your business without any loan

Wealth Guide: Are you an entrepreneur? You can now raise funds for your business without any loan

Mon, Feb 21, 2022

But launching a business is not as easy as it sounds as one needs to have adequate financial resources to tackle expenses like infrastructure, rent, raw material, salaries, marketing budgets, and so on.

Education-focussed fintech Propelld raises USD 35 million from WestBridge Capital, others

Education-focussed fintech Propelld raises USD 35 million from WestBridge Capital, others

Mon, Feb 21, 2022

Founded in 2017 by IIT Madras trio of Bibhu Prasad Das, Victor Senapaty and Brijesh Samantaray, Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 crore

Angel investing, ESOPs and art of creating investment portfolio of startups

Angel investing, ESOPs and art of creating investment portfolio of startups

Sat, Feb 19, 2022

India's startups ecosystem is mushrooming thick and fast with digitization and tech adoption.

Asia`s first creator-owned marketplace HYPD helping creators turn `creator-preneurs` to launch their own business in under 30 seconds

Asia`s first creator-owned marketplace HYPD helping creators turn `creator-preneurs` to launch their own business in under 30 seconds

Sat, Feb 19, 2022

Amid the heated debate on how Big Tech is pocketing most of the earnings by creators on their platforms, homegrown creator-tech startup called HYPD is helping creators turn `creator-preneurs` and launch their own business in under 30 seconds.

Insuremile raises pre-seed funding of USD 35,000 from two Kolkata based investors

Insuremile raises pre-seed funding of USD 35,000 from two Kolkata based investors

Fri, Feb 18, 2022

Insuremile has raised pre-seed funding of USD 35,000 from two Kolkata based investors with an aim to take insurance services to the hinterland while empowering over 200 million gig-workforce in the country

E-Commerce startup Biz365 raises funding from Innovana Thinklabs

E-Commerce startup Biz365 raises funding from Innovana Thinklabs

Thu, Feb 17, 2022

The company is also eyeing to partner with educational institutions to train young entrepreneurs on e-commerce.

Mobility start-up firm Automovill launches accidental claims app to reduce cost

Mobility start-up firm Automovill launches accidental claims app to reduce cost

Thu, Feb 17, 2022

Mobility start-up Automovill has introduced a mobile application for registration and processing of accidental claims for all motor insurance agents and brokers across the country, an official said on Tuesday

Agri-tech startup Semaai raises USD 1.25 mn in pre-seed funding

Agri-tech startup Semaai raises USD 1.25 mn in pre-seed funding

Wed, Feb 16, 2022

The pre-seed funding round was led by Surge, Sequoia Capital India's rapid scale-up program for startups in India and Southeast Asia, and Beenext.

India-based startups raised $39 bn in 2021; a rise of 255% from 2020

India-based startups raised $39 bn in 2021; a rise of 255% from 2020

Sat, Feb 12, 2022

India-based startups raise $39 billion capital in 2021, said Grant Thornton Bharat.

Pre-owned car retailing platform Spinny acquires AI-powered car connectivity solutions startup Scouto

Pre-owned car retailing platform Spinny acquires AI-powered car connectivity solutions startup Scouto

Thu, Feb 10, 2022

Pre-owned car retailing platform Spinny on Thursday said it has acquired 100 per cent stake in Ahmedabad-based startup Scouto, a move that marks consolidation in the AI-powered used car solutions space

Startup consulting xto10x Technologies raises $25 million in funding round led by Binny Bansal

Startup consulting xto10x Technologies raises $25 million in funding round led by Binny Bansal

Wed, Feb 09, 2022

Startup consulting and SaaS firm xto10x Technologies on Wednesday said it has raised USD 25 million (about Rs 186.9 crore) in funding led by its co-founder Binny Bansal.

Logistics firm Xpressbees raises USD 300 mn in funding from Blackstone Growth, others

Logistics firm Xpressbees raises USD 300 mn in funding from Blackstone Growth, others

Wed, Feb 09, 2022

"We are excited to welcome our new partners Blackstone Growth, TPG Growth, and ChrysCapital in our growth journey. With their vast network and operational expertise, we believe that they will further fuel our efforts in pursuing new opportunities and will help expand our footprint," said Amitava Saha, founder-CEO, Xpressbees

Lagnam Spintex announces expansion plan with Rs 218 crore

Lagnam Spintex announces expansion plan with Rs 218 crore

Tue, Feb 08, 2022

The company, which is planning towards the expansion project of 41,472 spindles, expects to get an additional topline (revenue) growth of around Rs 300 crore annually after completion of the project, Lagnam Spintex said in a statement.

Home interior platform Livspace turns unicorn with USD 180 mn funding led by KKR

Home interior platform Livspace turns unicorn with USD 180 mn funding led by KKR

Tue, Feb 08, 2022

Home interior and renovation platform Livspace has turned unicorn after raising USD 180 million in a funding round led by investment firm KKR at a valuation of over USD 1 billion, the company said on Tuesday

Will raise money from small investors for road projs; not interested in foreign investment: Union Minister Nitin Gadkari

Will raise money from small investors for road projs; not interested in foreign investment: Union Minister Nitin Gadkari

Sat, Feb 05, 2022

Union Minister Nitin Gadkari on Saturday said the government will not take money from foreign investors to build infrastructure projects like roads, and instead mobilise funds from small investors.

Agritech startup EekiFoods raises USD 2 mn from Avaana Capital, others

Agritech startup EekiFoods raises USD 2 mn from Avaana Capital, others

Fri, Feb 04, 2022

Agritech startup EekiFoods on Friday said it has raised USD 2 million (about Rs 15 crore) from investors, including Avaana Capital, to expand its business and upgrade technology. The company was founded in December 2018 by IIT Bombay Alumni Abhay Singh and Amit Kumar

Budget 2022: FM Nirmala Sitharaman announces 20% duty hike on umbrellas

Budget 2022: FM Nirmala Sitharaman announces 20% duty hike on umbrellas

Tue, Feb 01, 2022

Budget 2022: Finance Minister Nirmala Sitharaman today announced a hike in duty on umbrellas to 20 per cent. The announcement was made during her Budget 2022 speech on Tuesday. Exemption to parts of umbrellas is being withdrawn, she said while delivering her budget speech which lasted for 90 minutes

#SheMeansBusiness: Social media giant Meta partners FICCI to support 5 lakh women-led small businesses in India

#SheMeansBusiness: Social media giant Meta partners FICCI to support 5 lakh women-led small businesses in India

Fri, Jan 28, 2022

Social media giant Meta on Friday said it has, under its #SheMeansBusiness programme, partnered with industry body FICCI to support five lakh women-led small businesses across India.

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