Page 131 - Start Ups
Globus Infocom expects to grow business by 70% to Rs 350 cr by FY22
Digital classroom solutions company Globus Infocom expects to grow business by around 70 per cent to Rs 350 crore by the end of the current financial year
 "Globus Infocom expects to grow business by 70% to Rs 350 cr by FY22")
Droom founder, family office to invest in 10-12 startups every year
Droom founder Sandeep Aggarwal and his family office have invested over Rs 25 crore in 18 startups, they are looking at backing about 10-12 companies a year in startup ecosystem
 "Droom founder, family office to invest in 10-12 startups every year")
Andhra Pradesh govt to launch flagship startup promotion scheme
The Andhra Pradesh government will launch a flagship startup promotion scheme Accelerate Startups in AP (ASAP) for early stage startups to offer plug-and-play office space
Google backs Indian voice assistant as a service startup Slang Labs
Slang Labs raised funding from the Google Assistant Investments program. It would use the funding to grow its Voice Assistant as a Service business
 "Google backs Indian voice assistant as a service startup Slang Labs")
Paytm submits draft papers for its $2.2-billion IPO to market regulator
SoftBank-backed Paytm has filed for an initial public offering of up to $2.23 billion, draft papers submitted to the country's market regulator showed on Friday
 "Paytm submits draft papers for its $2.2-billion IPO to market regulator")
Vedantu ties up with AI-based interactive digital books platform Pedagogy
The Tiger Global-backed edtech firm intends to make Pedagogy's unique product accessible to Vedantu's 30 million students at an affordable price.
 "Vedantu ties up with AI-based interactive digital books platform Pedagogy")
SaaS platform Bookee raises pre-seed funding from Antler India, others
Founded in 2020 by Vistar Singh and Rajat Hans, Bookee is a complete business solution developed with the needs of fitness entrepreneurs at its core
 "SaaS platform Bookee raises pre-seed funding from Antler India, others")
In a first, BASF Venture Capital GmbH invests in Indian startup UrbanKisaan
Conceptualised in 2017, UrbanKisaan operates several suburban greenhouses and vertical indoor farms in Hyderabad and Bangalore
 "In a first, BASF Venture Capital GmbH invests in Indian startup UrbanKisaan")
AdmitKard raises Rs 10 cr in pre-series A round from startup founders
The pandemic certainly wreaked havoc on the start-up industry, however, ed-tech has been one of the sectors to witness growth in traction
 "AdmitKard raises Rs 10 cr in pre-series A round from startup founders")
Pankhuri raises $3.2mn from Surge, India Quotient and Taurus Ventures
Pankhuri is a platform for women in India to network, learn and shop through live streaming, chat, and cohort-based sessions
Flipkart's valuation crosses $37.6 bn after raising $3.6 bn in funding
Flipkart is now among the 10 largest e-commerce companies in the world by valuation, according to experts
 "Flipkart's valuation crosses $37.6 bn after raising $3.6 bn in funding")
Social commerce firm Trell raises $45 mn in series led by Mirae Asset, H&M
It is first Indian investment by H&M Group, company that owns fashion retail brand H&M, COS, and Monki
 "Social commerce firm Trell raises $45 mn in series led by Mirae Asset, H&M")
Meat startup TenderCuts enters Bengaluru, to add 10 stores by year-end
Firm follows omni-channel model; the order a customer places for a product is directed to nearest TenderCuts store and the butcher slices the meat only after the order is received
 "Meat startup TenderCuts enters Bengaluru, to add 10 stores by year-end")
Ola Electric raises $100 mn in long-term debt from Bank of Baroda
The company has claimed this to be the largest long-term debt financing agreement for the Indian EV industry
 "Ola Electric raises $100 mn in long-term debt from Bank of Baroda")
Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO
This is amongst the largest investments in the Indian consumer internet space by these funds and is a testament to the robust and resilient business built by Ola
 "Temasek, Warburg Pincus, Bhavish Aggarwal invest $500 mn as Ola plans IPO")
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
 "Construction mgt app Powerplay raises $5.2 mn from Accel, Surge and others")
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
 "E-commerce firm DealShare's valuation crosses $455 mn after raising $144 mn")
CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital
Startup provides enterprise solutions for banks and financial services companies, has offices in 11 countries
 "CRMNEXT raises $16 million from Avataar Ventures, Ascent Capital")
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.
 "Edtech firm upGrad earmarks $250 mn for M&A, non-linear growth")
DanaMojo raises over Rs 3 cr in funding from Rohini Nilekani, Social Alpha
DanaMojo is a payments solution platform for NGOs
 "DanaMojo raises over Rs 3 cr in funding from Rohini Nilekani, Social Alpha")