Entreprenuernewsnetwork

Incofin India Progress Fund invests $ 10 million in SAVE Group

International asset management companies Incofin and Maj Invest collectively invest USD 13 million in India’s leading rural financial services conglomerate, SAVE Group. The funding comes from Incofin India Progress Fund and Maj Invest Financial Inclusion Fund III K/s. Established in 2009, SAVE has emerged as a trailblazer in India’s Banking Business Correspondent (BC) Network, serving … Read more

Flutter’s Sportsbet named Foster as Chief Information Officer

Foster, who spent seven and a half years at Sportsbet, steps into the new role of CIO. He has previously served as the general manager for customer experience delivery and general manager of enterprise technology. Before joining Sportsbet, Foster worked at Sensis, an advertising services company based in Australia. During his tenure there, he held … Read more

Relux Electric Secures 250 Cr Funding for Highway Hyper Charging Expansion in South India

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

Freshers Take Center Stage as Startup Hiring Booms in India:Foundit Report

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

Agilitas named Nirdosh Chouhan as Chief Technology and Product Officer

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 Secures Series A Funding of USD 4 Mn Eyes Global Expansion and Innovation

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

Caret Capital and Peyush Bansal Backs TraqCheck for Transforming Background Verification with AI

Caret Capital, a sustainability fund that invests across Mobility, Distribution and Employment, has invested in Delhi-based startup TraqCheck. ​Founded in November 2020 by Armaan Mehta, Jaibir Nihal Singh and Rishabh Jain, TraqCheck is an AI-based platform for employee background verification. It enables enterprises to onboard employees significantly faster and more accurately at a lower cost than traditional methods. “From the … Read more

SiftHub Secures $5.5 Million Funding to Revolutionize Sales and Presales

Shifthub

In a groundbreaking development, SiftHub, the cutting-edge AI-powered platform, has announced the successful closure of a $5.5 million funding round led by Matrix Partners India and Blume Ventures, with significant participation from Neon Fund. This milestone marks a pivotal moment in SiftHub’s journey, bolstered by the enthusiastic support of executive operators and founders from leading … Read more

Telangana to Play Pivotal Role in India’s E-Mobility Transition

Telangana is committed to providing an impetus to EV adoption and aims to play a pivotal role in India’s transition to electric mobility, said, Shri KT Rama Rao, Minister for IT E&C, MA&UD and Industries & Commerce, Government of Telangana. “We strongly believe India is well equipped to develop as a hub for manufacturing of electric … Read more

Grampreneurs Aims To Bring Grassroots Entrepreneurs From Across India

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

Groyyo named Abhishek Srivastava as CTO

Konark Gaur has been named the new Chief Marketing Officer of D2C personal care company Pilgrim. Abhishek Srivastava, formerly Co-founder & CTO of ThreadSol, has been named as the new Chief Technology Officer of Groyyo, a manufacturer-first, cross-border supply chain enablement firm in Fashion and Lifestyle. Under Srivastava’s direction, the company wants to reinvent its … Read more

TECNO launches Phantom X2 Pro 5G in India

TECNO, an innovative technology brand announces the India launch of PHANTOM X2 Pro 5G, featuring the world’s first retractable portrait lens. The PHANTOM X2 Pro 5G is an enhanced version of PHANTOM X2 5G launched early this month. While the latter was launched at INR 39,999, the Pro variant is being launched at INR 49,999. Launched … Read more

D2C Furniture Brand Boingg Raises Rs 2.2 Cr In Pre Series A Funding

Furniture company Boingg, which focuses on D2C sales to children, has secured INR 2 Cr in a Pre Series A round that was spearheaded by Inflection Point Ventures, one of India’s biggest angel investing platforms. The money raised will be used for licencing, equipment expansion, and corporate branding. With the opening of a physical store … Read more

Athulya Senior Care Raises INR 77 Crore from Morgan Stanley India Infrastructure

Athulya, a leading provider of senior care services in India, has raised INR 77 Crore (US$ 9.3MM) funding from North Haven India Infrastructure Partners, a fund managed by Morgan Stanley India Infrastructure, for its forthcoming expansion. Founded in 2016, Athulya offers assisted living, transition care and home healthcare to address the needs of dependent seniors … Read more

TruCap Finance raises Rs 105 cr capital from Zeal Global Opportunities Fund

TruCap Finance Limited (TRU) has announced a binding agreement to raise up to Rs. 105 Cr (nearly US$13.1 million) in a combination of equity shares, convertible warrants, and non-convertible debentures from Zeal Global Opportunities Fund. The fund raise would comprise of Rs. 80 Cr of equity and convertible warrants, while up to Rs. 25 Cr. would … Read more

MemryX Inc. opens R&D center in Bangalore, India

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