Page 124 - Start Ups

Bike taxi startup Rapido raises $52 mn to expand operations across India

With its latest round of funding, Rapido will be making strategic investments in innovations, technology, people, and supply

LIC, EPFO keen to set up fund for startups, says DPIIT official

LIC and EPFO have expressed their willingness to set up funds for startups to help budding entrepreneurs, a senior official said on Monday

HealthifyMe announces ESOP, equity buyback programme worth $12 mn

The development comes close on the heels of a $75 million (about Rs 559.6 crore) fund raise by the company from investors including LeapFrog and Khosla Ventures

Location-tech firm Locale.ai raises $1.3 mn from Chiratae, Better Capital

Locale.ai works with customers like Bounce, Dunzo and Omni, a Costa Rican taxi firm, to deliver insights and analytics on their location data.

VerSe Innovation raises $450 mn in Series I funding from global investors

VerSe Innovation's proprietary technology platform serves one out of every two internet users in the country

Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel

Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions

Licious opens its first-ever ESOP buyback option worth Rs 30 crore

The programme is designed to enable wealth creation opportunities for over 600 employees

Can new guidelines on drone operations lift India's drone start-ups?

India has fewer start-ups in the drone technology space than the US and China; it also lags most other economies in funding

Robotics firm Miko raises $28 mn from existing and new investors

The new funds will be used to fund product development and strengthen global alliances as the company builds a strong global brand.

Slurrp Farm, two others to get $50,000 from Amazon's accelerator

A panel evaluated the entries on a variety of parameters including business idea, scalability and strength of the business plan

Edtech firm Eruditus nears $450-mn SoftBank-led funding, valued at $3.2 bn

Some existing shareholders are also offloading about $200 million stake

SaaS startup Everstage raises $1.7 mn seed funding led by 3one4 Capital

Everstage helps companies drive performance of their customer-facing teams through its no-code sales commission automation platform. Some of the early customers include SaaS unicorns

Doxel raises $40 mn in Series B funding from Insight Partners, others

The funding would help Doxel to accelerate recruiting across its engineering, sales, marketing and product teams

Meesho becomes India's most downloaded app across all categories

According to Meesho, the app has seen over 100 million downloads, that's a tenfold jump in a year

Dream Sports' VC arm announces $250 mn corpus to invest in startups

As the corporate venture capital and M&A arm of Dream Sports, DreamCap will follow a multi-stage investment strategy ranging from $1 million to $100 million ticket sizes.

Logistics-tech start-up Pickrr raises $12 million in Series B round

The start-up will use the funding to drive product development and expand its network of fulfilment centres across the country

Edtech platform BlueLearn raises Rs 3.25 cr in pre-seed funding round

BlueLearn was founded earlier this year by Harish Uthayakumar and Shreyans Sancheti who are currently in their final year of electrical engineering at BITS Pilani

Startup Wiz Freight gets $3.5 mn in seed funding from Axilor, others

Digital freight management platform Wiz Freight has raised USD 3.5 million (about Rs 26 crore) in seed funding led by Axilor.

Japan's TechnoPro acquires Udupi-based Robosoft for Rs 805 crore

Robosoft will continue to be led by its current management team, headed by chief executive officer Ravi Teja Bommireddipalli who is also being elevated to managing director and CEO.

Ronnie Screwvala's edtech startup upGrad a unicorn; valuation tops $1.2 bn

Closes a series of raises from Temasek, IFC and IIFL, mopping up a total of $185 million