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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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EXPERTIA AI raises USD 1.2 million funding led by Chiratae Ventures, Endiya Partners

EXPERTIA AI raises USD 1.2 million funding led by Chiratae Ventures, Endiya Partners

Mon, Apr 18, 2022

EXPERTIA AI, deeptech virtual recruitment platform, has raised USD 1.2 million in seed funding led by Chiratae Ventures and Endiya Partners with participation from Entrepreneur First and angel investor Archana Priyadarshini.

Securden receives USD 10.5 million in Series A investment led by Tiger Global Management

Securden receives USD 10.5 million in Series A investment led by Tiger Global Management

Thu, Apr 14, 2022

IT security startup Securden, Inc., focusing on governance and access security has received USD 10.5 million (about Rs 80 crore) in a Series A investment led by New York-based investment firm Tiger Global Management, the company said on Wednesday.

Mufin Finance acquires APM Finvest for Rs 76 cr, aims to create EV financing ecosystem

Mufin Finance acquires APM Finvest for Rs 76 cr, aims to create EV financing ecosystem

Wed, Apr 13, 2022

Mufin Finance on Wednesday said it has acquired APM Finvest, a BSE-listed NBFC, for over Rs 76 crore in a bid to create India's first financing ecosystem for the fast-growing electric vehicles(EVs) market.

Wealth Guide: Is your MSME ready for private equity, venture capital? What it would take to attract private money - Expert decodes

Wealth Guide: Is your MSME ready for private equity, venture capital? What it would take to attract private money - Expert decodes

Fri, Apr 08, 2022

"Without any predetermined rate of interest, private investments are the most expensive form of capital for a business."

Online course in entrepreneurship: Yogi Adityanath government to start basic course in MSME

Online course in entrepreneurship: Yogi Adityanath government to start basic course in MSME

Fri, Apr 08, 2022

To inculcate and encourage business development skills in youth, the Yogi Adityanath government in Uttar Pradesh will soon start an online course in entrepreneurship.

Trucknetic expects multifold growth in revenue to Rs 150 cr this fiscal

Trucknetic expects multifold growth in revenue to Rs 150 cr this fiscal

Mon, Apr 04, 2022

Truck hiring app Trucknetic expects around a six-fold jump in revenue to Rs 150 crore this fiscal on account of business commitment from large corporates and bookings from the SME sector, a senior official of the company said.

Stanza Living acquires Singularity Automation to strengthen its tech ecosystem

Stanza Living acquires Singularity Automation to strengthen its tech ecosystem

Fri, Apr 01, 2022

Coliving operator Stanza Living has acquired enterprise IoT platform Singularity Automation in an all-cash deal to strengthen its technology ecosystem.

Manufacturing sector needs quality enhancement to become globally competitive, says MSME Minister Bhanu Pratap Singh

Manufacturing sector needs quality enhancement to become globally competitive, says MSME Minister Bhanu Pratap Singh

Wed, Mar 30, 2022

India's manufacturing sector needs quality enhancement to become more competitive globally, MSME Minister Bhanu Pratap Singh said on Wednesday.

Cabinet clears Rs 6,062 cr World Bank-assisted programme for MSMEs

Cabinet clears Rs 6,062 cr World Bank-assisted programme for MSMEs

Wed, Mar 30, 2022

In addition, expansion of target market to include service sectors and increase of about 70,500 women MSMEs is envisaged, the release said.

Achyut Healthcare, Evoq Remedies become 366th and 367th Company respectively to get listed on BSE SME Platform

Achyut Healthcare, Evoq Remedies become 366th and 367th Company respectively to get listed on BSE SME Platform

Wed, Mar 30, 2022

SEBI came out with detailed guidelines on 18th May 2010 for launching of SME Exchange/Platform.

Classplus raises Rs 531 cr in funding round led by Tiger Global, Alpha Wave

Classplus raises Rs 531 cr in funding round led by Tiger Global, Alpha Wave

Wed, Mar 30, 2022

Edtech startup Classplus has bagged USD 70 million, about Rs 531 crore, in a funding round led by Alpha Wave Global and Tiger Global.

Vivriti Capital secures USD 55 million in Series C funding from Lightrock India

Vivriti Capital secures USD 55 million in Series C funding from Lightrock India

Mon, Mar 28, 2022

With this latest round of funding, Vivriti Capital has cumulatively raised USD 165 million since its inception.

SIDBI joins hands with Meghalaya government to develop MSME ecosystem

SIDBI joins hands with Meghalaya government to develop MSME ecosystem

Fri, Mar 25, 2022

SIDBI has entered into a Memorandum of Understanding (MoU) with the Meghalaya Infrastructure Development and Finance Corporation Ltd (MiDFC) to develop the MSME ecosystem in the state, SIDBI said in a release.

Achieving procurement worth Rs 1 lakh crore in FY23 doable; taking measures to help MSMEs, says GeM CEO Prashant Kumar Singh

Achieving procurement worth Rs 1 lakh crore in FY23 doable; taking measures to help MSMEs, says GeM CEO Prashant Kumar Singh

Fri, Mar 25, 2022

GeM is targeting procurements worth Rs 1.5 lakh cr in the next financial year and it will likely be easier to achieve it, CEO Prashant Kumar Singh tells Zee Business.

Inflection Point Ventures announces USD 50 million VC fund

Inflection Point Ventures announces USD 50 million VC fund

Tue, Mar 22, 2022

IPV, an angel investment platform, on Monday announced the launch of its new fund Physis Capital that will have a corpus of USD 50 million (about Rs 380 crore).

Startups get up to 10 yrs for converting debt investment into equity

Startups get up to 10 yrs for converting debt investment into equity

Mon, Mar 21, 2022

The government has extended the timeline up to ten years for startups to convert debt investments made in the company into equity shares.

Government extends timeline for startups to convert debt investment into equity by 10 years

Government extends timeline for startups to convert debt investment into equity by 10 years

Sun, Mar 20, 2022

According to experts, convertible notes have increasingly emerged as attractive financing instruments for early stage funding of startups since its inception in 2017.

Maruti Suzuki initiates 7th round of MAIL initiative

Maruti Suzuki initiates 7th round of MAIL initiative

Thu, Mar 17, 2022

MSI) on Thursday announced the seventh round of its MAIL initiative, inviting entries from early startups in the mobility and automobile space.

Israel firm Coralogix to invest USD 10 mn in Delhi cybersecurity unit Snowbit

Israel firm Coralogix to invest USD 10 mn in Delhi cybersecurity unit Snowbit

Thu, Mar 17, 2022

Snowbit, enables cloud-native companies across domains to comprehensively monitor and address cybersecurity risks, has already hired 15 persons and will add 35 more by the end of the first year of operations, Navdeep Manaktala, co-founder of Snowbit and president of Coralogix, said

Kinara Capital targets Rs 200 cr loan disbursals to women-owned cos in FY23

Kinara Capital targets Rs 200 cr loan disbursals to women-owned cos in FY23

Wed, Mar 16, 2022

MSME fintech Kinara Capital on Tuesday said it plans to disburse loans worth Rs 200 crore to women-owned businesses in the next financial year.

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