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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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Planning to launch a startup? Expert cites reasons why feasibility study is a must

Planning to launch a startup? Expert cites reasons why feasibility study is a must

Thu, Oct 27, 2022

One of the steps that are critical in building truly successful businesses is to outline a detailed & comprehensive roadmap.

EMotorad raises Rs 24 crore

EMotorad raises Rs 24 crore

Wed, Oct 26, 2022

The e-bike company, which has a manufacturing facility in Pune, claims it has sold over 35,000 units since its inception in 2020.

Over Rs 1.25 lakh crore sale for retail traders this festive season

Over Rs 1.25 lakh crore sale for retail traders this festive season

Mon, Oct 24, 2022

On the call of CAIT this year, the traders celebrated the festival as "Apni Diwali - Bhartiya Diwali" with all emphasis on selling exclusively Indian products, which has led to robust sales for small scale industries, local businesses,craftsmen, artistes, artisans etc. did a splendid business for the products made by them.

Bank of Baroda-backed IndiaFirst Life Insurance files draft papers to raise funds via IPO

Bank of Baroda-backed IndiaFirst Life Insurance files draft papers to raise funds via IPO

Sat, Oct 22, 2022

The public issue consists of a fresh issue of equity shares worth up to Rs 500 crore and an offer-for-sale (OFS) of up to 141,299,422 equity shares by promoter and selling shareholders, as per the draft red herring prospectus (DRHP).

Silverneedle Ventures launches Rs 100 cr fund; plans to invest in 30 startups

Silverneedle Ventures launches Rs 100 cr fund; plans to invest in 30 startups

Fri, Oct 21, 2022

The funding round was backed by marquee investors such as Andrew Holland, Bharat Serum Family Office, IPV, Mumbai Angels, and Jet Synthesys.

Eupheus Learning aims to double revenue to Rs 300 crore by March, hire 150 people by November

Eupheus Learning aims to double revenue to Rs 300 crore by March, hire 150 people by November

Sun, Oct 16, 2022

Eupheus Learning provides curriculum in digital format along with supplemental modules. In September 2021, the company had acquired ClassKlap which provides school-based personalised curriculum programmes.

Tamil Nadu toy industry can generate 30,000 jobs in state with govt support - Here's how

Tamil Nadu toy industry can generate 30,000 jobs in state with govt support - Here's how

Sun, Oct 09, 2022

The toy industry in Tamil Nadu can easily generate nearly 30,000 jobs if it receives the required support from the state government, which would provide a thrust to the sector.

Govt notifies credit guarantee scheme for startups to provide collateral-free loans

Govt notifies credit guarantee scheme for startups to provide collateral-free loans

Fri, Oct 07, 2022

MIs include financial intermediaries (banks, financial institutions, NBFCs, AIFs) engaged in lending/investing and conforming to the eligibility criteria approved under the Scheme.

Google to nurture 20 startups by Indian women founders

Google to nurture 20 startups by Indian women founders

Tue, Oct 04, 2022

The curriculum will include workshops and support around AI/ML, Cloud, UX, Android, Web, product strategy and growth, as well as provide access to a global community of women founders, said the company.

Many more apps to join ONDC platform in coming weeks: Ministry

Many more apps to join ONDC platform in coming weeks: Ministry

Mon, Oct 03, 2022

ONDC -- the ministry's initiative to help small retailers and reduce the dominance of e-commerce giants -- has opened to the public in certain parts of Bengaluru from Friday as part of its beta testing process.

Yes Bank, MapMyIndia, CargoExchange among 13 firms that ink non-disclosure agreement with govt to use ULIP data

Yes Bank, MapMyIndia, CargoExchange among 13 firms that ink non-disclosure agreement with govt to use ULIP data

Sat, Oct 01, 2022

As many as 13 firms, including MapMyIndia, CargoExchange and Yes Bank, have signed a non-disclosure agreement with the government to access data from the Unified Logistics Interface Platform, the commerce and industry ministry said on Saturday.

Venture Catalysts-backed Elev8 announces $200 million fund to invest in tech startups

Venture Catalysts-backed Elev8 announces $200 million fund to invest in tech startups

Fri, Sep 30, 2022

The announcement comes at a time when the entire ecosystem is going through what is being referred to as a 'funding winter' where investors are shying away from taking newer bets.

Razorpay acquires startup PoshVine to foray into loyalty, rewards management market

Razorpay acquires startup PoshVine to foray into loyalty, rewards management market

Wed, Sep 28, 2022

Since 2016, PoshVine has been offering its loyalty-as-a-service product to over 20 banks and networks such as SBI Card, HDFC Bank, IDFC FIRST Bank, AU Bank, DBS, Visa and Amex across India and SEA (South East Asia).

Fund of Funds for startups committed Rs 7,385 crore to 88 AIFs as of Sep 24: Govt

Fund of Funds for startups committed Rs 7,385 crore to 88 AIFs as of Sep 24: Govt

Tue, Sep 27, 2022

FFS was announced with a corpus of Rs 10,000 crore. The corpus is to be built up over the 14th and 15th Finance Commission Cycles (2016-2020 and FY 2021-2025) through budgetary support by the Department for Promotion of Industry and Internal Trade (DPIIT), under the ministry.

Startups bringing transformation in India's space sector: ISRO chief S Somanath

Startups bringing transformation in India's space sector: ISRO chief S Somanath

Mon, Sep 26, 2022

"The whole world is looking at India as an inspirational place and it is wonderful to see what is happening in India, especially in the space sector, with the startup eco system," S Somanath said at the 18th convocation of the SRM Institute of Science and Technology at Kattankulathur near here.

India's Rs 1,000-crore rich club grows, teen entrepreneur makes debut

India's Rs 1,000-crore rich club grows, teen entrepreneur makes debut

Thu, Sep 22, 2022

The latest rich list includes several promoters of startups, including those floated by women. According to the report, India has 221 billionaires, down 16 compared to last year.

Piyush Goyal urges MSME sector to enhance quality of products

Piyush Goyal urges MSME sector to enhance quality of products

Wed, Sep 21, 2022

Addressing the FICCI LEADS summit, Piyush Goyal said that though India is a market leader in giving top quality products in various segments like auto, FMCG, hospitality and many others, it needs to enhance quality of products coming out of the FMCG sector.

StartupXseed Ventures closes Fund II at Rs 243 crore

StartupXseed Ventures closes Fund II at Rs 243 crore

Tue, Sep 20, 2022

StartupXseed is looking for startups with forward innovations in technologies related to cloud migration of brownfield projects, AI-led workflow automation, energy storage technologies for quick discharge applications, cybersecurity, AI-led e-commerce enablers and others disruptive technologies in respective markets.

Sequoia Capital pumps in $12 million more into data analytics startup Sigmoid

Sequoia Capital pumps in $12 million more into data analytics startup Sigmoid

Mon, Sep 19, 2022

Sigmoid helps its clients across industries accelerate their digital transformation with data as it builds reliable, scalable data pipelines and accelerators that empower organizations with faster access to business insights.

Clear MSME dues in 45 days: FM Nirmala Sitharaman's stern message to private sector

Clear MSME dues in 45 days: FM Nirmala Sitharaman's stern message to private sector

Fri, Sep 16, 2022

The minister also appealed to state governments and the public sector enterprises which they run to clear the dues in time.

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