Entrepreneur News Network

CABT Logistics To Invest $ 8 Million To Set Up Micro-fulfilment Centres Pan India

CABT Logistics, India’s leading intracity logistics brand gears up to meet the demand of big billion days and the upcoming festive season by investing $ 8 million to build about 120 micro-fulfilment centres across India. This investment in micro-warehouses comes in the wake of the E-commerce and Q-commerce boom, especially in a post-covid world. Logistics … Read more

Singapore based autonomous vehicle technology startup, MooVita, inks strategic partnership to continue bringing safer,

MooVita, a market leader in vehicle-agnostic driverless software solutions for urban environment, has today signed a strategic partnership with China’s leading automotive tier-1 parts supplier, Desay SV (DSV), to further drive a safer, more efficient, and carbon-neutral mode of transportation. MooVita and DSV will collaborate in the development of AV Level-3 to Level 4+ full-stack software application … Read more

PhonePe Pte. Ltd. reaches amicable settlement with Affle Global Pte. Ltd. to acquire OSLabs Pte. Ltd

PhonePe, one of India’s leading digital payments platforms, announced the acquisition of OSLabs, a mobile platform that enables content and app discovery for users and app developers. PhonePe, AGPL and OSLabs have reached an amicable settlement in the matter, with PhonePe acquiring AGPL’s entire stake at a premium. The closure of this deal gives PhonePe … Read more

Builder.ai Reveals The Apps America Can’t Live Without

It’s no secret that we’re living in an increasingly digital world. ‘Screen time’ has all but consumed our workplaces, educational settings and simply put, our free time. According to new research by Builder.ai®, over 27% of Americans claim to have over 30 apps on their phone, but more than half of those admit to using only 10 … Read more

Normalyze Announces $22.2M in Series A Funding

Normalyze, a data-first cloud security platform, today announced it is coming out of stealth with $22.2M in Series A funding, co-led by Battery Ventures and Lightspeed Venture Partners. This round brings the company’s total funding to $26.6M to date. Normalyze is an agentless platform that helps organizations better manage sensitive data—and attack paths to it —in today’s complex, multi-cloud environments, protecting customers from large and … Read more

D2C health start-up Plix unveils new brand identity

Clean plant-based health and nutrition brand, Plix, has unveiled a new logo and brand tagline ‘Take Care, Have fun’, that symbolizes the company’s continuous efforts towards making holistic health and nutrition a lifestyle subject instead of a medical concern. The company also recently launched a new product line aiming at feminine wellness and intimate hygiene. … Read more

Pinterest acquires AI-powered shopping startup The Yes

Pinterest, a photo-sharing social media network, has bought ‘The Yes,’ an AI-powered commerce firm, for an unknown fee. CEO Julie Bornstein, an eCommerce and fashion business expert, and CTO Amit Aggarwal, a computer industry veteran, created The Yes in 2018. The purchase is expected to finalise in the second quarter of 2022, according to a … Read more

JITO Angel Network backs observability platform KloudMate in pre-Seed round

In a pre-seed fundraising round, ITO Angel Network (JAN), India’s only global community-based Angel network, funded an undisclosed amount in observability platform KloudMate, continuing with its vow to help India’s start-up ecosystem from the very early stages of its development. Amitava Saha, Pranab Buragohain, and Bidyut Baruah founded KloudMate, a deep tech platform that discovers … Read more

Metaverse Could Contribute $3 Trillion to Global GDP Within a Decade

The Metaverse is more than just a buzzword. In fact, this virtual-reality world, which has the ability to transform education, health care, manufacturing, job training, communications, entertainment, and retail, could become a tangible and valuable reality in the next decade. A new white paper from Analysis Group, in partnership with Meta Platforms, Inc. (NASDAQ:FB) says to achieve this, … Read more

Jet Airways Receives Air Operator Certificate

Jet Airways received its revalidated Air Operator Certificate (AOC) from the Directorate General of Civil Aviation (DGCA), Ministry of Civil Aviation, Government of India. With the receipt of AOC, the Jalan Kalrock Consortium has fulfilled all the conditions precedent under their NCLT approved Resolution Plan. The revalidation of AOC enables Jet Airways to resume its scheduled commercial operations … Read more

Data security startup Seclore raises $27M

Seclore Technology Pvt. Ltd., a data-centric security startup, announced today that it has raised $27 million in new funding to aim to become the platform of choice for business data protection projects. Seclore, which was founded in 2003, provides an open, automated data-centric security platform for businesses. The platform is meant to enable enterprises to … Read more

Healthtech startup MFine lays off over 500 employees

According to employees interviewed by Moneycontrol, healthtech business MFine, owned by Novocura Tech Health Services, has cut off around 500 employees due to a financial shortage at the Beenext and Stellaris-backed startup. The Bengaluru-based business employs around 1,000 people and has laid off workers in the data science, engineering, and product areas. A few individuals … Read more

ZincSearch raises $3.6 mn in seed funding

ZincSearch, a full-text search engine, announced a $3.6 million seed funding round led by Nexus Venture Partners, with participation from Dell Technologies Capital, Secure Octane, Cardinia Ventures, and technology leaders including Anand Babu Periasamy, Balaji Parimi, Rob Skillington, Anshu Sharma, Luke Kim, Awais Nemat, Dan Pinto, and Alex Gallegos. ZincSearch was founded by Prabhat Sharma, … Read more

Web3 Startup Questbook Raises $8.3 Mn in series A Funding

Questbook, a Web3 grants platform, raised $8.3 million from Lemniscap in its Series A fundraising round. Coinbase Ventures, Alameda Research, Dragonfly, Hashed, Polygon, Balaji Srinivasan, Raj Gokal (Solana), Arjun Sethi (Tribe Capital), and Maneesh Sharma all participated in the round (GitHub). Abhilash Inumella, Subhash Karri, Sriharsha Karamchati, and Madhavan Malolan created Questbook in the United … Read more

Cars24 Lays Off 600 Employees To Cut Cost

Following Vedantu, Unacademy, and Meesho, Cars24, an upcoming IPO, has laid off about 600 staff in the last few weeks. Across divisions, the startup has primarily laid off people in lesser levels. According to the article, the company employed roughly 9,000 people before the layoffs. According to these people, layoffs have occurred across departments and … Read more

Bengaluru based Startup GeoIQ raises $2.25 mn in funding

GeoIQ, a hyperlocal performance prediction firm, has raised $2.25 million from Lenskart and current investors 9Unicorns and Ecosystem Ventures. The funding will be used to grow into worldwide geographies, develop the startup’s proprietary data stack, and leverage data scientist networks to build various AI models. Devashish Fuloria, Tusheet Shrivastava, and Ankita Thakur created Bengaluru-based GeoIQ … Read more

SaaS firm SirionLabs snags $85 mn in Series D Funding

Contract Lifecycle Management (CLM), a way of managing contracts from start to finish, including award, compliance, and renewal, can be costly to businesses. According to World Commerce and Contracting, the average cost of a simple contract is $ 6,900, with more complex contracts costing roughly $ 49,000. Many entrepreneurs, including United Lex co-founder Ajay Agrawal, … Read more

web3 games marketplace Tegro Reveals $1 mn Grant for Game Developers

Web3 games marketplace based in India Tegro has launched a one-million-dollar award for web3 game creators. Developers can apply for up to $25,000 in funding for their projects with no strings attached. Successful candidates will receive advice on how to improve the quality of their web3 games from a founding team with extensive expertise creating … Read more

Nazara reports 273% growth in PAT; 109% growth in EBITDA & 37% Revenue growth YoY for FY22

Nazara Technologies, an India-based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, has announced its audited standalone and consolidated results for the fourth quarter and full year ended March 31, 2022. As of March 31, 2022, Nazara has diverse … Read more

HR Tech Company Launches SHL Labs, Plans To Invest $ 30 Mn in innovations for Talent

SHL, the global leader in talent acquisition and talent management technology, announced the launch of SHL’s innovation hub – SHL Labs. Getting together a broad range of talent and capabilities across Data Science, IO Psychology, Artificial Intelligence, and Design, SHL Labs has the ambitious goal of leading the way into the future of Talent Technology. … Read more