Relux Electric, India’s fastest growing EV charging infrastructure provider, has secured Rs. 250 crore of cumulative project funding from a group of private real estate and infrastructure investors exclusively to expand its network of hyper charging stations in the highways of South India. The company will utilise the fund to create 20 new hyper charging … Read more
foundit (formerly Monster APAC & ME), India’s leading talent platform, published the foundit Insights Tracker (fit), presenting the latest findings on hiring trends for April 2024. According to the tracker, the overall hiring index shifted from 276 in March 2024 to 300 in April 2024. Also, compared to the previous year, there was a 9% increase in hiring, … Read more
Nirdosh Chouhan has assumed the role of Chief Technology and Product Officer at Agilitas Sports, a pioneering platform specializing in sportswear and activewear solutions. As a key member of Agilitas Sports’ founding team, Chouhan will spearhead the technological advancements within the company, leveraging state-of-the-art technology to foster innovation in sports footwear and athleisure. With over … Read more
Assert AI, India’s largest Computer Vision SAAS company, announces the successful closure of its Series A funding round, raising a total of 30 Crores (USD 4 Million). This significant investment, led by prominent investors including Ramesh Hariharan (ex-CTO and Co-founder of LatentView), Prashant Purker (former MD & CEO of ICICI Venture), Arya.ag (India’s largest integrated … Read more
DVC (Decentralized VC), a group of specialised syndicates that invest in businesses from pre-Seed through pre-IPO, led a pre-seed investment round for Blingg, a D2C discovery platform, in which $100,000 was raised. Together with other angel investors, the round included 3PM Ventures founder Pavan Kumar. Blingg, which Sanil Jain founded in 2021, asserts to have … Read more
To commemorate National Startup Day 2023, a unique app was launched by India’s leading non-profit, Bharatiya Yuva Shakti Trust. An Android-iOS mobile application, the platform aims to bring grassroots entrepreneurs from across India together on a single platform. Entrepreneurs who were extended a loan and mentored, as well as those who had been counselled only, … 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
MemryX Inc., a pioneering startup focused on accelerating artificial intelligence (AI) processing for edge devices, announced today it has opened an engineering center in Bangalore, India. The opening of the Bangalore site is complementary to existing MemryX engineering capabilities in Taipei, Hsinchu, and Ann Arbor. MemryX offers a differentiated high efficiency, low power, and scalable Edge AI solution that is … Read more
Intugine, a real-time multimodal supply chain visibility startup, has raised INR 19 Crores in a pre-series A round led by Mela Ventures and co-financed by Kaleesuwari Group and Innoport. Round also saw participation from marquee investors, including SaaS founders Harsh Shah, Co-founder of Fynd; Anshul Rai, Co-founder and CEO of Happay; and Kashyap Deorah, Founder … Read more
Fordefi, a financial technology and software company, today announced an $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps). Led by Lightspeed Venture Partners, the investors of the firm’s initial capital raise also include Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal … Read more
Origin Ventures and Felton Group led a $17 million fundraising round for Fringe, an HR digital startup that enables businesses to offer employees customisable perks and incentives. According to CEO Jordan Peace, the funds will be used to develop new products, expand Fringe to more nations, and increase the team’s size from 72 to over … Read more
In an exciting Q4 announcement from the largest and fastest growing payments services provider in the MENA region, HyperPay has unveiled a new logo, along with a complete brand overhaul in view of exciting expansion plans set for 2023. The news comes on the heels of HyperPay’s recent SAR 138M funding round led by Mastercard, with investments … Read more
Elevation Capital, Jungle Ventures, and Venture Highway participated in a $15 million Series A round of funding for Drivetrain AI, a financial planning and monitoring platform for expanding businesses and organisations. In addition, the investment round included contributions from close to 25 angel investors, consultants, founders, and C-Suite executives from technology businesses. Alok Goel, a … Read more
Edtech unicorn Vedantu has acquired a majority stake in Deeksha (Ace Creative Learning) at a deal size of $40 million. Deeksha, a test preparation platform for board and competitive exam coaching for kids in grades 9 through 12, was established in Karnataka in 1998. With 39 locations, it is present in three states: Telangana, Andhra … Read more
In a study conducted by Techarc among the premium Android users, it was found that the trend towards building a smart tech lifestyle is getting stronger. Users are buying multiple devices with the smartphone being the hub, while smart TV, TWS Earbuds and Smart Watch, the other three key devices defining this lifestyle. There is also incremental increase seen … Read more
Fondue CashBack, the Shopify app that replaces coupon codes with brand-embedded CashBack announced today it has closed on a $10.5m seed round led by Quiet Capital and Hanaco Ventures. Other investors in the round include Infinity Ventures, Ground Up Ventures, Sugar Capital, Starting Line, R-Squared Ventures, Gaingels, Verissimo Ventures, Samsung Next, and JAM Fund. A … Read more
