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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

NF3 raises US$1.65M seed funding for NFT swaps and financing marketplace

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NF3, a community-first NFT swaps and financing marketplace, announced today that it closed a US$1.65 Million seed funding round. The round is led by Infinity Ventures Crypto and Spartan Group and supported by DWF Labs, and Saison Capital. Angel investors include Neil Gomes, EMEA Head of Fintech at Softbank, David Chreng, Founding Partner at LeadBlock and Bitmex Co-founder Arthur Hayes. NF3 was … Read more

EaseMyTrip to acquire Nutana Aviation

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The deal gets EaseMyTrip to foray into the growing air charter services market in India and abroad. EaseMyTrip, India’s one of the largest online travel tech platforms, today announced it will invest in and acquire* Gujarat’s GIFT city-based Nutana Aviation. The acquiree* company is in the business of offering charter solutions to clients in India … Read more

Multimodal Supply Chain Visibility Startup Intugine raises Rs 19 cr in Pre-Series A Funding

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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

FM urges startups to focus on climate change solutions

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Vananam Ventures Pvt Ltd, a Bengaluru- based alternative investment platform, held a Start-Up Inclusion Summit on Saturday, Nov 26, where the Honourable Minister of Finance and Corporate Affairs, Government of India, Smt. Nirmala Sitharaman was the Chief Guest. She appealed to the start-ups to focus on climate change and farming solutions. Addressing the national-level summit organised by Vananam to … Read more

Kotak Mahindra Bank Ties up with actyv.ai to Provide Dealer Finance

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Kotak Mahindra Bank Limited today announced that it will be providing finance to dealers onboarded on actyv.ai, an AI-powered enterprise SaaS platform. KMBL will provide short-term finance under the ‘Buy Now, Pay Later’ category for working capital needs of dealers. Sunil Daga, President & Head – Business Banking Assets, Kotak Mahindra Bank said, “Small business … Read more

Fordefi Raises $18M Seed Round to Launch Institutional DeFi Wallet and Security Platform

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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