Page 108 - Start Ups

EV start-up Ultraviolette raises $15 million from TVS Motor, Zoho Corp

Firm is setting up manufacturing and assembling unit in Electronics City, Bengaluru; will use investment for production and launch of its high-performance e-bike, F77; first batch out in H1 of 2022

Fullife Healthcare gets $22 mn funding from Morgan Stanley Pvt Equity Asia

This round of funding will support Fast&Up and Chicnutrix to expand their domestic presence, enhance manufacturing capabilities and accelerate momentum globally

Walmart-owned Flipkart infuses $145 mn in agritech startup Ninjacart

'With this investment, we are further able to strengthen our grocery footprint,' says Kalyan Krishnamurthy, CEO, Flipkart Group

EV start-up Oben raises $1.5 mn to launch 100% homegrown electric bike

The one-year-old company says it will deliver its first batch of EVs in next six months

Grofers rebrands itself as Blinkit with pivot to instant commerce

Zomato, in July, said it has invested $100 million (around Rs 745 crore) for acquiring a minority stake of over 9 per cent in Grofers

Ed-infra startup Teachmint launches in 25 countries, eyes more markets

Available on both Google Play Store and App Store, its platform has also been localised in languages like Arabic, Thai, Indonesian Bahasa and Vietnamese to meet the needs of educators in those regions

Fintech unicorn Razorpay aims to achieve $90-bn TPV by the end of 2022

The firm powers payments for over 8 million businesses that include Facebook, Ola, Zomato, Swiggy

These tech firms are taking the e-commerce battle to India's hinterlands

How social commerce firms are democratising e-retail by tapping community group buyers from tier-2 and smaller towns across India

B2B e-commerce startup Udaan gives Reliance's JioMart a run for its money

Nearly 45% of the total 301 retailers in a survey said they selected Udaan as distribution partner versus 33% for JioMart

Chennai-based WEGoT raises $1.5 million to expand footprint across India

Strategic round was led by GRUHAS Proptech (promoted by Abhijeet Pai of Puzzolana Group, Nikhil Kamath of Zerodha), Rahul Talwar-DLF Family Office, Harshad Reddy-Apollo Hospitals Family

MyGate acquires group buying platform MyCommunity Genie for cash and stocks

The acquisition would allow MyGate to scale its community commerce segment

D2C personal care start-up Clensta raises Rs 20 cr in Series A funding

The five-year old start-up founded by Puneet Gupta in 2016, started with the flagship products based on waterless products

EV scooter startup Simple Energy to invest $330 mn for new Tamil Nadu units

Simple Energy plans to invest as much as 25 billion rupees ($330 million) in new capacity to make electric scooters, with support from the government in Tamil Nadu

Digital Freight marketplace Raaho raises Rs 12.5 cr in Pre-Series A round

Company plans to utilise the funds to launch in 20 cities and to fully-automate its trucking marketplace

This start-up aims to disrupt market in which 60 mn samosas are sold a day

QSR brand Samosa Party raises $2mn in Pre Series A funding from Kalaari Capital

Motherson participates in EV charging start-up Exponent's $5 mn fundraise

YourNest VC, 3one4 Capital & AdvantEdge VC doubled down on their earlier investment within 8 months

Antler India to invest a third of corpus in Web3, blockchain start-ups

The VC firm will look to make the investments at ticket sizes of $250,000 and above.

Farm e-commerce start-up AgroStar raises $70 mn in Series D from Hero, CDC

The company has over 5 million farmers on its platform across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, and Uttar Pradesh

MoEngage raises additional $30 mn funding in round led by Steadview Capital

Series D funding at twice the valuation from its earlier Series C1 of $32.5 million in July

Spinny enters unicorn club with $283 mn fundraise at $1.8 bn valuation

The latest round includes a primary capital infusion of $250 million and a secondary sale of $33 million by angels and a few seed stage investors