Page 149 - Start Ups
Before Kaagaz Scanner's success, these techies had built a solid AI tool
Sorted AI is led by the mission to bring AI to tailor-made applications for millions of Indians. And it is now at an inflection point
 "Before Kaagaz Scanner's success, these techies had built a solid AI tool")
TVS Motor leverages the power of tech through investments in start-ups
Firm has invested $16.57 mn in enterprises engaged in analytics, AI, augmented reality, machine learning and IoT, seeking to leverage these technologies and improve its efficiency and product quality
 "TVS Motor leverages the power of tech through investments in start-ups")
The techie-teacher who pulled off a $100 mn funding deal over a Zoom call
With this round, the Bengaluru-based firm's valuation jumped to $600 million, making it the second most-valued company in the Indian edtech space
 "The techie-teacher who pulled off a $100 mn funding deal over a Zoom call")
IIT Madras-incubated start-up develops portable hospital for Covid cases
Hospital can be installed by four people in just two hours anywhere
 "IIT Madras-incubated start-up develops portable hospital for Covid cases")
Startup funding down 29% in first half of 2020 amid Covid-19 crisis: Tracxn
Only 443 companies were funded in the January-June period this year against 725 in H1, 2019
 "Startup funding down 29% in first half of 2020 amid Covid-19 crisis: Tracxn")
Digital lenders stare at dip in disbursals this fiscal due to pandemic
Cost of capital for most lenders has also gone up as fund flows from banks and NBFCs have dried up despite liquidity infusion by RBI; but things are looking up from last month as establishments reopen
 "Digital lenders stare at dip in disbursals this fiscal due to pandemic")
Co-living start-up Zolostays raises $56 mn in latest funding round
The start-up will deploy the new funds to invest in technology, locking in more inventory and strengthening AI-driven operating platforms
 "Co-living start-up Zolostays raises $56 mn in latest funding round")
This Hyderabad couple uses ML technology to fight deadly neonatal disease
The start-up is also developing an automated peritoneal dialysis device in which the dialysate solution is inserted through the abdomen and performance parameters are monitored using IoT
 "This Hyderabad couple uses ML technology to fight deadly neonatal disease")
New launches, zero cash burn make Instamojo profitable amid Covid-19 crisis
The Covid-19 pandemic, which had put a question mark on the company's performance, is now turning out to be a life altering event for the company
 "New launches, zero cash burn make Instamojo profitable amid Covid-19 crisis")
Former Barclays India CEO-floated Blue Ashva gets $60 mn commitment
Blue Ashva Capital is founded by Satya Bansal, who was the Chief Executive of Barclays Private Bank.
 "Former Barclays India CEO-floated Blue Ashva gets $60 mn commitment")
Live tutoring firm Vedantu readies itself for post Covid demands
Vedantu cashing in as coaching classes remain shut amid lockdown
 "Live tutoring firm Vedantu readies itself for post Covid demands")
Startups try to woo talent returning to India from US amid H1B visa woes
According to industry experts, a stricter visa regime to improve local employment and closure of onshore opportunities in the US, is likely to result in a reverse brain drain
 "Startups try to woo talent returning to India from US amid H1B visa woes")
Chinese app ban is an opportunity to US, Indian starts-ups: Advocacy group
A US-India business advocacy group has welcomed India's ban on Chinese apps, including TikTok, saying the move will provide opportunities to American and Indian start-ups.
 "Chinese app ban is an opportunity to US, Indian starts-ups: Advocacy group")
Covid-19 impact: How a WhatsApp group led to the creation of Swasth app
An idea that owes its origin to a WhatsApp Group is now at the forefront of telemedicine during the times of Covid-19
 "Covid-19 impact: How a WhatsApp group led to the creation of Swasth app")
These techies built a social media start-up from their college hostel room
A day after Mahindra Group chairman Anand Mahindra committed an investment of $1 mn in social media start-up Hapramp, its creative social media app GoSocial saw unprecedented traffic due to which the
 "These techies built a social media start-up from their college hostel room")
Farmers tap into agritech start-ups to overcome pandemic-induced woes
Apart from helping the cultivator sell his produce at a time when the markets are under lockdown, these start-ups are also using AI and IoT to help him get better yields and employ efficient sowing te
 "Farmers tap into agritech start-ups to overcome pandemic-induced woes")
Milk Mantra raises $10 million from US-based DFC, gets tech package too
The dairy start-up has cumulatively raised Rs 300 crore, which will be largely invested in Odisha to empower local dairy farming community and create indirect jobs
 "Milk Mantra raises $10 million from US-based DFC, gets tech package too")
Indian start-ups funded by Chinese investors hit Great Wall of uncertainty
"With the latest escalation, my apprehension is that investments into sensitive sectors may be subject to deeper inspection by the government," said Atul Pandey, a partner at law firm Khaitan & Co
 "Indian start-ups funded by Chinese investors hit Great Wall of uncertainty")
Postman secures $150 mn in Series C investment, valuation crosses $2 bn
A leading platform for API, Postman has received $150 million funding in a round led by Insight Partners.
 "Postman secures $150 mn in Series C investment, valuation crosses $2 bn")
Govt allows startups to issue sweat equity for 10 years after registration
Industry experts expect the move to help startups in terms of enhancing their ability to incentivise personnel and retain talent
 "Govt allows startups to issue sweat equity for 10 years after registration")