Page 112 - Start Ups
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
 "B2B e-commerce startup Udaan gives Reliance's JioMart a run for its money")
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
 "Chennai-based WEGoT raises $1.5 million to expand footprint across India")
MyGate acquires group buying platform MyCommunity Genie for cash and stocks
The acquisition would allow MyGate to scale its community commerce segment
 "MyGate acquires group buying platform MyCommunity Genie for cash and stocks")
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
 "EV scooter startup Simple Energy to invest $330 mn for new Tamil Nadu units")
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
 "This start-up aims to disrupt market in which 60 mn samosas are sold a day")
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
 "Farm e-commerce start-up AgroStar raises $70 mn in Series D from Hero, CDC")
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
 "MoEngage raises additional $30 mn funding in round led by Steadview Capital")
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
 "Spinny enters unicorn club with $283 mn fundraise at $1.8 bn valuation")
Punit Soni-led healthcare AI firm Suki raises $55 mn in Series C round
Funding led by led by March Capital, with support from Philips Ventures and all previous investors including Venrock, Flare Capital, Breyer Capital, and inHealth Ventures
 "Punit Soni-led healthcare AI firm Suki raises $55 mn in Series C round")
With regulatory nods, Niramai's AI/ML-based breast cancer test to go global
Company's solution has been used to conduct over 43,000 screenings in India so far. Niramai's breast cancer test comes at a 20th of the cost of a typical mammography test and detects 20% more cases
 "With regulatory nods, Niramai's AI/ML-based breast cancer test to go global")
Agritech startup AgroStar raises $70 million from investors for expansion
Agritech startup AgroStar has raised USD 70 million (around Rs 527 crore) from Evolvence, Schroders Capital, Hero Enterprise and UK's development finance institution CDC to expand its business
 "Agritech startup AgroStar raises $70 million from investors for expansion")
Cybersecurity start-up CloudSEK raises Rs 50 crore in Series A funding
The round will be used to speed up CloudSEK's sales and marketing across Asia-Pacific, West Asia, and North America. The firm will also ramp up its R&D to combat sophisticated global threats
EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore
To roll out its first two-wheeler in H1 of 2022, inks MoU in electric mobility and energy storage solutions
 "EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore")
IIT Madras faculty founded 94 startups till Oct, valued at over Rs 1,400 cr
From a startup aiming to make hybrid aerial vehicles to the converting waste to crude oil, faculty members at IIT Madras founded at least 94 enterprises having a combined valuation of over Rs 1,400 cr
 "IIT Madras faculty founded 94 startups till Oct, valued at over Rs 1,400 cr")
Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai
India's tech sector to employ 10 mn engineers in next 10 years, says former Infosys CFO at InFinity Forum
 "Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai")
Swiggy to invest $700 mn in grocery delivery service Instamart
First launched in Bengaluru and Gurugram last year, Instamart is set to reach an annualised gross merchandise value run rate of $1 billion in the next three quarters, Swiggy said
 "Swiggy to invest $700 mn in grocery delivery service Instamart")