Page 130 - Start Ups

Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others

Powerplay is a free mobile app that connects multiple stakeholders involved in construction, enabling them to communicate and collaborate more efficiently

E-commerce firm DealShare's valuation crosses $455 mn after raising $144 mn

The firm, which runs an e-commerce platform for middle and lower-income consumers, expects to hit a $1 bn GMV run rate by year-end and build a 10 mn-strong customer base

CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital

Startup provides enterprise solutions for banks and financial services companies, has offices in 11 countries

Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth

upGrad is set to cross $500 million annual revenue run rate by March 2022 and is looking to raise close to $400 million at a $4 billion valuation.

DanaMojo raises over Rs 3 cr in funding from Rohini Nilekani, Social Alpha

DanaMojo is a payments solution platform for NGOs

Chiratae Ventures starts seed initiative to enable faster access to capital

Chiratae has also introduced an application form and a dedicated website to make the process even simpler for early-stage founders

Fintech firm Pine Labs closes $600 mn fundraise, eyes IPO in 18 months

With the current close, the valuation of the firm stands at $3 billion.

D2C player MyGlamm emerges stronger from setbacks, plans to float IPO

The company, which saw investors pull out of a fund raise as the pandemic struck, is now eyeing an annual revenue run rate of Rs 600 cr by this December

How startups are creating Uber-like ambulance experience during pandemic

These companies have seen 2-3x growth in the past one year as timely medical response becomes key in saving lives

Bike taxi startup Rapido plans to ramp up hiring of women captains

India's largest bike taxi platform has also filed for the bike taxi service application with the State Transport Authority in Karnataka

Digital solutions firm Whatfix announces $4.3 mn for ESOP buyback

Digital adoption solutions provider Whatfix on Tuesday said it has implemented its maiden employee stock ownership plan (ESOP) buyback of $4.3 million

India's Skylark Drones raises $3 mn to fuel international expansion

Skylark Drones aims to elevate worksite productivity and safety by providing geospatial intelligence to different enterprises in sectors such as mining, solar power, etc

How Zeta acquired Unicorn status in the very first round of funding

Enterprises typically reach the feat at series C or series D, or three to four funding rounds later

Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge

Locad is part of Surge's fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better

Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge

The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India

Paytm announces launch of small ticket loan product Postpaid Mini

These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing Coronavirus (Covid-19) pandemic

WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners

Griffin is making its first-ever investment in India in WinZO

Licious raises $192 mn from Temasek, others at $650 mn valuation

Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India also participated in this round of fundraising.

Swedish gaming giant MTG buys Indian games developer PlaySimple for $360 mn

Acquires 100% in cash-and-equity deal that will significantly strengthen the company's position in casual games' genre and enable access to fast-growing word games genre

Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding

The company is raising $200 million from Sequoia Capital India, existing investor Faering Capital Pvt and others