Page 17 - Start Ups

Stride Ventures lends Rs 85 crore to Wow! Momo for national expansion

Backed by strong unit economics and omnichannel momentum, Wow! Momo plans to enter 100+ cities and scale its store network to over 1,500 in the next three years

BigBasket to launch 10-minute food delivery across India by March 2026

Tata Group-backed BigBasket plans to expand its dark store network and enter the quick-commerce space with a 10-minute food delivery service by March 2026

India remains key strategic market for global brands: Myntra CEO Sinha

After launching in Singapore, Myntra Global sees rising engagement, strong order values and repeat customers while focusing on the Indian diaspora and Gen Z users

Mohandas Pai flags lack of domestic capital for startups, calls for reform

Despite India being the world's third-largest startup hub, Pai cautioned that the country risks falling behind in global innovation unless these challenges are addressed

Fintech firm Decentro initiates reverse-flip process from Singapore

This comes at a time when the Bengaluru-based firm is raising about ₹30 crore as part of the Series-B funding round led by InfoEdge Ventures

Cricket icon Jonty Rhodes backs Indian sports and fitness brand UpUrFit

The company operates in a segment projected to reach $40 billion by 2030, growing at a compound annual rate of 19 per cent

Snitch raises $40 mn to expand men's fashion brand in India, overseas

Snitch to double retail footprint, enter quick commerce, expand categories, and pilot international markets with fresh funding

Maharashtra FDA revokes Zepto's food biz licence in Dharavi, Mumbai

The suspension will remain in effect until the establishment achieves full compliance and receives clearance from the licensing authority, the FDA said

SC admits Byju's promoters' pleas, next insolvency hearing on July 21

SC admits cases filed by Byju's promoters challenging NCLAT ruling on BCCI insolvency plea despite settlement; interim relief to be taken up in July

IPO-bound ed-tech firm Imarticus Learning acquires MyCaptain in ₹50 cr deal

Prior to MyCaptain, in April 2023, Imarticus Learning acquired Hero Mindmine, the training arm of Hero Group

Tech service providers leverage financial sector expertise for new biz

TSPs have long been associated with the transformation of the financial services industry; now, they are using that domain knowledge to help digital commerce and startups hire the right people

Unacademy co-founders may step back, refocus on new edtech venture Airlearn

Gaurav Munjal and Roman Saini are set to step back from Unacademy's operations as the firm prepares a leadership shift and spins off its language platform Airlearn

AWS backs India's $1 trillion digital economy push with Generative AI

Satinder Pal Singh of AWS India explains how cloud and AI tools are helping enterprise, startups and public platforms scale innovation across key sectors

Bengaluru startup Frinks AI raises $5.4 mn to expand Vision AI solutions

Frinks AI, which builds Vision AI tools for visual inspection in sectors like automotive and medical devices, will use funds to expand in the US and boost R&D

Quadria closes $1.07 bn healthcare fund, seeks growth in India and S Asia

Singapore-based company says it has largest dedicated healthcare PE fund for South and Southeast Asia

Citykart raises Rs 538 crore in Series B round led by TPG NewQuest, A91

The funding will support Citykart's expansion across India's underserved markets or Bharat, with plans to scale operations, invest in innovation, and strengthen organisational capabilities

Myntra taps Google Cloud's AI to elevate home decor shopping journey

Dream Room Inspirations uses generative AI and Imagen 3 to help shoppers visualise personalised interiors, boosting Myntra's push into the home category

Auxano Capital eyes final close of two funds, 3-4 exits by year-end

VC firm Auxano Capital aims to close two funds worth ₹200 crore each by end-2025 and plans 3-4 startup exits, with investments nearing ₹200 crore across 34 startups

Flipkart expands quick commerce to tier-2 and tier-3 cities nationwide

Flipkart Minutes aims to scale rapidly to 800 dark stores by year-end, using existing logistics to reach smaller cities and challenge Blinkit, Instamart, and Zepto

Prosus CEO Bloisi sets sights on $50 bn India portfolio with AI focus

"My intention is to invest a few billion dollars more in India," Bloisi told Business Standard during a media roundtable