Page 143 - Start Ups

Manufacturing startup Zetwerk raises $120 mn to scale global operations

Its global network includes over 250 customers and more than 2,000 suppliers spread across 15 countries in North America, Asia-Pacific and West Asia

Healthcare platform MediBuddy closes $40 million funding round

The firm raised the money in a Series B funding round

Startup ecosystem can become India's growth engine in long run: Eco Survey

Indian startup ecosystem, which defied odds during a pandemic-hit year to create record 12 unicorns, has the potential to be the engine of growth in the medium to long run, the Economic Survey said

Ahmedabad startup Matter to launch EV two-wheelers in Q4 of Calendar 2021

Designed to cater to the mass adoption market, the vehicles will be eligible for FAME-II subsidies

Softbank-backed Grofers expects to achieve Rs 10,000 crore in GMV by March

Grofers expects to be supported by a traction of around 5 million customers during its ongoing sale, a top company official said

Aadhar Housing Finance files Rs 7,300-crore IPO papers with Sebi

Aadhar Housing Finance is backed by Blackstone

Chhattisgarh CM inaugurates incubation centres for agri startups

Chief Minister Baghel inaugurated two incubation centres at Indira Gandhi Krishi Vishwavidyalaya (IGKV) Raipur

Fintech firm BharatPe raises Rs 50 crore debt from Trifecta Capital

Trifecta Capital is a venture debt firm

Entrepreneurs-by-chance who set up a thriving marketplace for gig workers

Gigindia, started by engineering students Sahil Sharma and Aditya Shirole, provides remote working opportunities to 5,000 people and plans to ramp this to 100,000 by 2025

Robotic packers, AI that reads buyer emotions: Flipkart nurtures startups

The pandemic has not only accelerated a shift to e-commerce but has also spawned startups that are building solutions relevant for the new normal, attracting the attention of big online retailers

Amazon partners with Startup India, others to boost e-commerce exports

An accelerator programme to help early-stage startups is to be launched

Dunzo raises Rs 293 cr in Series E funding round from Google, Lightbox

Evolvence, Hana Financial Investment, LGT Lightstone Aspada, and Alteria also took part

Udaan plans to grab 10-15% of overall B2B retail market in the next 7 years

The B2B market (excluding industrial goods) stands at $780 billion and on an annualised basis, Udaan has already clocked up $2.4 billion in gross merchandising value

Health startup Cure.fit acquires US-based digital fitness company Onyx

Onyx is a US-based fitness company that is building the world's smartest digital training experience, for an undisclosed sum

PM Modi announces Rs 1,000 cr startup fund to push growth of tech ventures

For the next five years India, which is in a technology race with China, has a mission for its startups and unicorns to emerge as global giants and lead in futuristic technologies

India keen to support drone startups for diverse applications: Hardeep Puri

Minister says tech being developed by country's startups will ensure drones perform mandated functions without any concerns on security

UBS fund pursues $400 million stake in SoftBank-backed Paytm: Report

UBS aims to finalize an agreement as soon as this month

Agritech start-up Ergos receives Rs 22.5 crore from UK's CDC Group

Agritech start-up Ergos on Wednesday said it has received Rs 22.5 crore (USD 3 million) from the UK's CDC Group as the closure to its Series-A round, which constituted Rs 81 crore (USD 11 million).

Byju's in talks to buy Aakash Educational Services for $700 million

New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India

Flipkart picks 8 finalists for startup accelerator program; $25,000 grant

The startups will now undergo a 16-week mentorship program and receive an equity-free grant of $25,000