Finance Minister Nirmala Sitharaman announced a number of new measures for the tech industry. The measures include assisting digital payments in the country, setting up 100 labs for developing 5G applications, and using the PAN as a common identifier for all digital systems of specific government agencies. How tech industry experts and startups responded to … Read more
Bigspoon, a leading Cloud Kitchen start-up, in association with its celebrity investor, Mouni Roy today launched a neo-pizza brand, The Pizza People, going live in 15 cities across 35 outlets. The Pizza People is India’s largest Pizza brand launch in a single day as Bigspoon leverages its extensive cloud kitchen network across Tier-1 and Tier-2 cities. The … Read more
LenDenClub Aplha, the corporate venture capital arm of the peer-to-peer (P2P) lending platform, has welcomed six fintech startups to its Bharat FinTech Program startup incubator. Only six firms were chosen out of more than 150 applicants; these are Finswealth, FlashPay, P2P Bazaar, FinPlay, Upmarket India, and Filit. After the incubation programme is through, the chosen … Read more
Within the first quarter of 2023, Delhi-based Physics Wallah—which became a unicorn last year—plans to hire 2,500 people in various verticals. The announcement comes as several Indian startups and technology companies are cutting off staff in an effort to cut operational costs and turn a profit. Over 60,000 people lost their jobs in January alone, … Read more
Alkem Laboratories subsidiary Enzene Biosciences (Enzene) has raised $50 million from Alkem Laboratories, Eight Roads Ventures, and F-Prime Capital. The company wants to expand in India and the US by using the funds it has raised to enhance production capabilities. Enzene, a company with its headquarters in Pune, has developed fully integrated biotech process development … Read more
In its latest round of funding, led by Nexus Venture Partners, CapGrid, a B2B cloud manufacturing startup for precision parts, announced it had raised $ 7 million. Existing investors Axilor and Anicut Capital also participated in the round. In the round, Deepak Jain, a senior partner at Bain and the director of the automotive business … Read more
Private equity company GEF Capital Partners reported investing more than 500 crore in e-mobility firms Electra EV and Hero Motors Ltd. This is a step in the climate-focused investor’s plan to increase its stakes in India’s climate and sustainability potential. With this, GEF has invested eight times over the last four years. Independent EV powertrain … Read more
Telluris Biotech, a Hyderabad-based company engaged in the manufacturing and supply of crop protection solutions for farmers and growers receives Biochemical Classification it received from the United States Environmental Protection Agency (USEPA). The USEPA is the Agency responsible for the registration of safe and sustainable products in the United States of America, informed Mr Venu … Read more
The DNA-based self-discovery and career life cycle management platform from India GENLEAP has announced the successful conclusion of its pre-Series A funding of 27 crores ($3.3 million). The fundraise includes several existing investors, including Mike Holland (former CEO of Embassy REIT), Sanjay Dutt (CEO & MD, Tata Realty and infrastructure), Neeraj Bansal(Co-Head and COO – … Read more
In a first-of-its-kind partnership, digital-first retailer Pratech Brands has invested in ‘Inaari’, a brand focused on women’s health. An estimated one in five (20%) Indian women suffer from Hormonal Imbalance, if not monitored timely, the condition can have serious health impacts. Inaari focuses on helping women understand their hormonal cycle and encourages them to live … Read more
Studio Sirah, a next-gen game studio that builds unique Indian-themed games, announced today that it raised $2.6 million in a Pre-series A round led by Kalaari Capital (an early-stage, technology-focused VC firm), and its seed investor, Lumikai (India’s pioneering gaming, and interactive media focused VC fund). The company plans to utilise the funds to globally … Read more
Early-stage technology fund, Silverneedle Ventures announces its investment in a Chennai and Mumbai-headquartered, Enterprise skilling platform, Disprz, that helps global companies right-skill their workforce with an AI-powered learning and skilling suite. The startup has raised an undisclosed sum in a bridge round between Series B & Series C rounds from Silverneedle Ventures & other current … Read more
SocialBoat, a women’s health app, has announced raising an angel round of US$ 200K from Plan B Capital. Other angel investors who have committed to the venture include Abhijit Kane (Co-founder, Postman), Videt Jaiswal (Co-founder, Airblack), Bhuvan Gupta (Co-founder, OfBusiness) and Prateek Sharma (Managing Partner, AheadVC), Neeraj Gupta (Angel Investor) among others. The funds will … Read more
LOTTE Confectionary has announced to invest INR 450 crores in Havmor Ice Cream, with an aim to expand its manufacturing prowess. This investment comes four years after LOTTE acquired Havmor Ice Cream for INR1000 crores in December 2017. Havmor Ice Cream is all set to ramp-up its capacity and cater to the growing demand in the … Read more
Meratractor, a Pune-based start-up and a ‘Phygital’ marketplace catering to farm mechanization products, has raised INR 5Cr. in Pre-Series A funding, bringing total capital raised to ₹7.25 Cr. post this round. The funding round was led by Mr. Vibhor Sahare, CEO & Co-founder of ANS Commerce and Ex-CEO & Co-founder of Gaadi.com, Real Time Angel … Read more
Sid’s Farm, a direct-to-consumer dairy brand, has raised $1 million from its consumers and their recommendations. Being a bootstrapped business that has so far relied on organic development, this first round of funding from its high net worth clients and their recommendations speaks volumes about its brand credibility, unmatched quality, and exceptional customer experience. In … Read more
