Page 119 - Start Ups

B2B edtech Eupheus Learning raises $10 mn in Series C from Lightrock India

Eupheus will use the funds to scale faster, pursue inorganic growth via acquisitions. It aims to democratise access to 21st Century learning solutions to school students

Google, 3one4 Capital, and Temasek invest Rs 453 cr in neo-bank Open

Existing investor Tiger Global also participates in Series C round; Open claims to be one of the country's largest SME banking platforms; last Feb it had processed $11 bn in transactions

This video tech firm plans to enter BFSI, pharma, and a host of other areas

The Gurugram-based company has had double-digit growth during the past few years and of the top-10 OTT players in India, seven are its clients

GTM Buddy raises $2mn in seed round led by Stellaris Venture Partners

The company said it would use the funds for improving its product capabilities and building teams for sales, marketing and customer relations

Microblogging platform Koo to raise headcount to 500 in a year: Co-founder

Homegrown microblogging platform Koo expects to raise its headcount to over 500 people in the next one year, as it looks to hire across engineering, product and community management teams

Addverb to expand robots production in India by 10 times in FY23

Robotics and automation firm Addverb plans to expand its robot manufacturing unit in India to boost its output by around 10 times in the next financial year, a senior company official said

Zomato to stop grocery deliveries from Sep 17 due to poor order fulfillment

The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts

Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning

The company plans to use this new round of capital to fuel its aggressive expansion plans in India as well as abroad

Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months

The other two co-founders, Amod Malviya and Sujeet Kumar, as Board members will actively work with Gupta to ensure the company effectively transitions to a CEO-led structure

Adloid eyes four-fold jump in revenue; plans to hire from IITs, IIMs

Augmented reality startup Adloid expects a four-fold jump in revenue to $4 million this fiscal, and plans to hire about 120 employees

Farmers Fresh Zone raises Rs 6 cr in pre-series-A funding round led by IAN

Agri-tech start-up Farmers Fresh Zone on Thursday said it has raised Rs 6 crore in pre-series A round through existing investors led by Indian Angel Network (IAN).

Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round

The funding was led by TechNova Ventures, Tom Varkey and Multiply Ventures, with participation from existing investor, Education Catalyst Fund

Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO

As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026

Biotech startup immunitoAI raises $1 million in seed funding

Biotech startup immunitoAI on Wednesday said it has raised $1 million (over Rs 7 crore) in a seed funding round led by early-stage venture capital fund pi Ventures

WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others

WeRize is a full stack provider, developing and distributing a wide range of customised credit, group insurance and savings products for 100 mn homes and 300 mn individuals in 4,000-plus small towns

Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office

The company, which sells teas, spices and superfoods to the US, Canada and Europe, has raised a total of over Rs 290 crore so far

Overseas education company Leap raises Rs 400 cr in Series C funding

The firm said it is seeing an unprecedented demand from students to move abroad this year as international borders open post-Covid.

Google-backed edtech firm Cuemath bets on free math courses to add users

Its premium curriculum, which normally costs $299 a year, will be free for subscribers who invite two new users

Muscle & Strength India plans to open 100 stores in the next one year

The company is eyeing to launch outlets through franchisee route with an investment of Rs 20 crore as it seeks to deepen its presence in India's growing nutritional supplement space

COGOS raises $2 mn in pre-Series A funding led by Transworld Group

The firm plans to expand its business to the internal market and further strengthen and develop its technology platform