Page 114 - Start Ups
Space tech startup Dhruva raises Rs 22 cr to launch satellite solutions
The firm is gearing up to launch new offerings like Satellite as a Service, Space-Grade Solar Arrays and Ground Station Solutions, both nationally and globally
 "Space tech startup Dhruva raises Rs 22 cr to launch satellite solutions")
Teachmint raises $78mn in Series B led by Rocketship.vc and Vulcan Capital
New round brings firm's total raise to $118 mn. Funds will be used to strengthen Teachmint's proprietary classroom tech and for global expansion
 "Teachmint raises $78mn in Series B led by Rocketship.vc and Vulcan Capital")
Meesho charts disruptive strategy, to deliver free in non-tier 1 towns
The move is expected to challenge the big players in the sector which include Jio Mart, Tata's Big Basket, Amazon, Grofers, and others
 "Meesho charts disruptive strategy, to deliver free in non-tier 1 towns")
Groww's valuation hits $3 bn as start-up raises $251 mn in Series E round
ICONIQ Growth leads $251-mn fundraise in start-up which has over 20 mn users
 "Groww's valuation hits $3 bn as start-up raises $251 mn in Series E round")
Fintech startup Clear raises $75 mn in funding at valuation of $700-800 mn
Company says its SaaS platform has grown 5x in the past 18 months
 "Fintech startup Clear raises $75 mn in funding at valuation of $700-800 mn")
EduTech startup HomeSkul launches afterschool e-learning App
EduTech startup HomeSkul has launched the first home-grown afterschool e-learning app which provides AI and Augmented Reality (AR) -powered personalised learning experience for students.
 "EduTech startup HomeSkul launches afterschool e-learning App")
3D printed construction startup Tvasta receives Rs 3 cr investment
Tvasta is an IIT-Madras incubate, started in the 3D printed home segment
 "3D printed construction startup Tvasta receives Rs 3 cr investment")
Ronnie Screwvala's edtech startup upGrad eyes a global learning curve
The company wants to be among the world's top six edtech companies by 2025. Here's how it plans to get there
 "Ronnie Screwvala's edtech startup upGrad eyes a global learning curve")
Fintech firm CRED valued at $4 bn after $250-mn funding round
Founded in 2018, CRED allows users to pay their credit card bills through its online platform and rewards them with offers from various brands and companies
 "Fintech firm CRED valued at $4 bn after $250-mn funding round")
Mestastop Solutions raises Rs 1.3 cr in seed round led by CIIE.CO
Mestastop will use the funding to scale its AI-based platform METSCAN, which characterises cancer cells using patient data samples and their assay panels to understand the cell behaviour
 "Mestastop Solutions raises Rs 1.3 cr in seed round led by CIIE.CO")
Edtech giant Byju's appoints ex-Tata exec Mukut Deepak as Head of Business
Deepak, who was earlier Chief Business Development Officer at Tata Sky, will be responsible for expanding and leading the flagship business for the class 4 to 10 segment
 "Edtech giant Byju's appoints ex-Tata exec Mukut Deepak as Head of Business")
Indian startup funding crosses $10 bn in Q3, first time in any quarter: PwC
The fund raise was twice the amount of funding received in Q3CY20 and an increase of 41% over the Q2CY21 figure
 "Indian startup funding crosses $10 bn in Q3, first time in any quarter: PwC")
What are Thrasio-style startups and what's driving their appeal in India?
Using a model pioneered by Thrasio in the US, several startups like Mensa Brands and GlobalBees were born in India during the pandemic. Let us understand the appeal of these Thrasio-style startups
 "What are Thrasio-style startups and what's driving their appeal in India?")
Pine Labs enters online payments with three products under one platform
Firm says its 'Plural' platform is built to disrupt payments gateway space, make offline-to-online shift easier for merchant base and other online businesses
 "Pine Labs enters online payments with three products under one platform")
Arrivae raises Rs 50 crore in funding round led by Rakesh Jhunjhunwala
Furniture startup Arrivae on Thursday said it has raised Rs 50 crore in the first external funding round led by ace investor Rakesh Jhunjhunwala
 "Arrivae raises Rs 50 crore in funding round led by Rakesh Jhunjhunwala")
Aiming for $25 bn annual payments processed on Plural: Pine Labs CEO
Company says it now plans to disrupt the payments space through a suite of online payment products focused on speed, security, and user experience
Edtech startup Creative Galileo raises $2.5 mn in seed funding
The round was led by Kalaari Capital with an investment of $2.1 mn and remaining from well-known angels, such as Harish Bahl, Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri and Giridhar Malpani.
 "Edtech startup Creative Galileo raises $2.5 mn in seed funding")
Education startup Playto Labs raises Rs 4 cr in seed funding from IPV
The funds raised will be used in building a strong team and expanding its customer base
Google, Temasek back Indian neo-banking firm Open with $100 mn investment
Open plans to use the funds to strengthen its leadership in SME neo-banking space. taking the total SME base from 2 million at present to 5 million in India and expand its services to South East Asia
 "Google, Temasek back Indian neo-banking firm Open with $100 mn investment")
Niche businesses take centre stage with $20 bn in unicorn funding this year
Startup sectors like specialty e-commerce, enterprise subscription software and standalone business models are attracting funds and higher valuations
 "Niche businesses take centre stage with $20 bn in unicorn funding this year")