Dil Foods, a company that works with small to medium-sized independent food enterprises and restaurants, just received $128,000 in angel finance. With this money, the company plans to expand and develop in Bengaluru. It has gone live for home delivery in 15 sites throughout Bengaluru in just over two months. It touts itself as an … Read more
BitDegree announces that its unique education-oriented metaverse – the Learnoverse – has raised over 1M USD from a Japanese / Singaporean venture investor Mistletoe. Earlier this spring, BitDegree, a leading blockchain-powered online education platform with over 1 million users, announced it is developing the first-ever learning metaverse, the Learnoverse. With the launch of the Learnoverse, BitDegree aims … Read more
Mahendra Singh Dhoni has been roped in to be the Brand Ambassador and Shareholder in Garuda Aerospace. About his association with Garuda, M S Dhoni said, “I’m happy to be a part of Garuda Aerospace and look forward to witness their growth story with the unique drone solutions they have to offer.” Agnishwar Jayaprakash, Founder … Read more
DP World, a global infrastructure-led supply chain solutions provider, and CDPQ, a global investment group, announced today an investment of US$5 billion (CA$6.3 billion) in three of DP World’s flagship UAE assets. CDPQ will invest US$2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which … Read more
upGrad is looking to add nearly 3,000 people in the next three months and is close to securing a fresh funding. According to estimates, the company reached a $1 billion valuation in a funding round last year. According to Ronnie Screwvala, the corporation will hire between 6,500 and 7,000 people by August of this year. … Read more
Indeanta, the Electric mobility start-up raises $150,000 (~Rs 1.1 crore) from IvyGrowth Associates and a community of Angel Investors. The spherical was led by Prateek Toshniwal, Mehul Shah, Nine Spar, and others. The fundraise represents a bridge spherical in its ongoing pre-series A spherical. Indeanta started its operation in December 2020 with its in-campus mobility … Read more
Curefoods, a cloud kitchen startup, has raised $50 million in funding from Winter Capital, Three State Capital, Chiratae Ventures, and Accel. Iron Pillar, Nordstar, Binny Bansal, Adil Allana, Rashmi Kwatra, Lydia Jett, and Kunal Shah are among the company’s current investors. In 2021 and 2022, the company raised about $120 million in equity and venture … Read more
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
PhonePe, India’s leading digital payments company, in collaboration with Boston Consulting Group (BCG), today unveiled a report titled, “Digital payments in India: A $10 trillion opportunity”. The report leverages BCG’s industry expertise in payments and the fintech domain, along with PhonePe’s deep insights and expertise as the market leader in Indian digital payments and its extensive Pulse database to look at … Read more
SBI Foundation introduced UpSchool, a digital learning program for students from class 1-10 in partnership with Khan Academy, an educational nonprofit in India. This program will be available in English, Hindi and Kannada languages aiming to reduce learning gaps and build a solid foundation in math and reading for their current academic year. Students or … Read more
Cashfree Payments, a leading payments and API banking solutions company, today announced that it has partnered with National Payments Corporation of India (NPCI) to provide tokenization solutions on RuPay cards for its merchants. Cashfree Payments’ tokenization solution ‘Token Vault’ helps merchants to provide their customers the option to save cards on the merchant website or … Read more
The Global eCommerce Market is Segmented by Type (Buyer-oriented E-commerce, Supplier-oriented E-commerce, Intermediary-oriented E-commerce), by Application (SMEs, Large Enterprises). Due to the COVID-19 pandemic, the global E-Commerce market size is estimated to be worth USD 7750530 Million in 2022 and is forecast to a readjusted size of USD 20313450 Million by 2028 with a CAGR … Read more
India’s leading incubation & investment platform, AIC (Atal Incubation Centre)-Pinnacle Entrepreneurship Forum, supported by Atal Innovation Mission, NITI Aayog, Ministry of MSME, and Ministry of Electronics and IT Govt of India, has announced its plans to incubate 30 new startups with estimated facilitation of funds up to 10 million in the current financial year. The … Read more
Slice, a fintech business, announced on Wednesday that it has secured $50 million in a larger series C round led by Tiger Global, which it will use to expand its new unified payments interface (UPI) platform. Moore Strategic Ventures and Insight Partners, as well as a new investor, GMO VenturePartners, participated in the newest investment … Read more
Cuemath, an online math tutoring platform, announced on Wednesday that it has raised $57 million (about Rs 438 crore) in a fundraising round led by Alpha Wave, bringing the company’s valuation to $407 million. Lightrock, Alpha Wave Incubation, Sequoia Capital India, CapitalG (previously Google Capital), and Manta Ray are among Cuemath’s investors. Existing investors took … Read more
MoEngage, the insights-led customer engagement platform, today announced that it has raised USD $77M in Series E funding. This round was led by Goldman Sachs Asset Management and B Capital, with participation from the company’s existing investors; Steadview Capital, Multiples Alternate Asset Management, Eight Roads Ventures, and Matrix Partners India. This is the third fundraising undertaken by … Read more
Oracle Movies, India’s first NFT Movie MarketPlace, is steadily making progress by creating the right waves in the industry and beyond. Founded by Technology Entrepreneur Senthil Nayagam and Film Producer G K Tirunavukarasu, Oracle Movies is expected to bring a tectonic shift in the way film business is being done in India. Already, around 1000 … Read more
realme, the world’s fastest-growing smartphone brand, announced the appointment of Francis Wong, former CMO of realme Europe and India, as CEO of realme Europe. Under the new designation, Francis will lead the product, marketing and sales functions in the Europe market and will superhead the brand presence and operations in the Europe region. The development … Read more
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
Nutrifresh, an agritech business based in Pune that focuses on hydroponically farmed produce, has raised $5 million in a Pre-Series A fundraising round. Nutrifresh’s mission is to supply consistent pesticide-free, nutrient-rich hydroponic produce. It was co-founded by agripreneurs Sanket Mehta and Ganesh Nikam. The company claims to be quality-focused, having earned ISO, FSSAI, APEDA, HACCP, … Read more
