Page 19 - Start Ups

Next stop for BluSmart's electric vehicles could be Everest Fleet

Fleet operator in talks with embattled firm's lenders for possession of EVs

Zopper eyes expansion after raising $25 mn, IPO likely in 3-5 years: COO

The company has recently raised $25 million in growth capital from investors to accelerate its expansion and invest in new-age technology

Startups get boost as govt raises credit guarantee cover to ₹20 crore

Revised CGSS raises guarantee cover to ₹20 crore and increases protection for lenders to encourage credit flow and reduce risks for innovation-led startups

Porter raises $200 mn in Series F round led by Kedaara and Wellington

Porter has raised $200 million in a Series F round led by Kedaara and Wellington to scale operations, deepen impact on MSMEs, and build a green logistics network

Bengaluru-based Routematic raises ₹340 cr, defies electric vehicle dip

The move is important as it comes at a time when the app-based mobility space - both business-to-business (B2B) and business-to-consumer (B2C) - has been under a cloud

Evera Cabs bets on BluSmart EVs to drive Rs 100 crore revenue in FY26

Company targets 1,000 fleet, 39,000 customers in its expanded June run

InfoEdge earns 36% gross IRR on startup investments since 2007

InfoEdge's startup portfolio has yielded a 36 per cent gross IRR since 2007, led by Zomato and Policybazaar; total FMV of investments has reached Rs 36,855.4 crore

Flipspaces raises $35 million from investors to expand its business

This capital raise will be used to accelerate growth across India, the US, and UAE, strengthen its technology and explore inorganic growth opportunities in new geographies and adjacent categories

Pristyn Care opens 3 hospitals in NCR, targets 50 by FY28 public listing

Healthtech firm Pristyn Care moves from asset-light model to hospital ownership, aiming for 50 hospitals, Rs 2,000 crore revenue and 20% Ebitda by FY28 IPO

Celcius Logistics raises ₹250 cr in Series B to expand to 1,000 cities

With the latest round, Celcius aims to scale its tech-enabled cold chain logistics, enter new sectors, and enhance its presence in over 1,000 cities across India

Evera Cabs initiates repossession of BluSmart-operated 500 electric cabs

Already 220 vehicles have been acquired and the remaining 280 are set to be reclaimed in the coming days, Evera Cabs said in a statement

Proptech startup Alt DRX raises $2.7 million from investors to expand biz

In a statement on Monday, the company said it has "closed its Pre-Series A funding round, raising Rs 23 crore ($2.7 million)"

Fintech-focused VC firm QED Investors eyes India in $300 mn Asia push

After investing around $200 million in India since 2020, the VC firm is pushing deeper into Asia-now operating in Indonesia, Japan, and Singapore, and setting its sights on South Korea and Australia

Swiggy Bolt expands to 500 cities as Zomato shuts down 'Quick' service

Swiggy Bolt now handles one in every ten food orders on the platform, marking rapid expansion even as rival Zomato discontinues its instant delivery service 'Quick'

Expanding services in cybersecurity, Cloud computing, says Akamai exec

Data sovereignty and technology costs 'extremely critical' issues for Indian companies, says Mitesh Jain

Eternal shuts instant food-delivery service Quick; delists 19K restaurants

As for restaurants that have been delisted, they either did not pass hygiene standards, were mimicking established brands and misleading customers, or were operating multiple identical menu listings

Akzo Nobel grants extension for powder coatings demerger deal execution

Under the revised timeline, all terms and conditions of the original offer remain unchanged

Winzo FY24 results: Profit more than doubles to ₹315 cr; revenue up 70%

The gaming platform's revenue from operations grew 70.35 per cent from Rs 619.42 crore in FY23 to Rs 1,055.22 crore in FY24

Backing founders building from India for the world: Pearl Agarwal

The pre-seed venture firm is sharpening its investment strategy around emerging AI applications across enterprise software, automation, and industrial analytics

Househelp in 10 minutes? Q-com model to the rescue for domestic chores

The instant househelp service offers a way to formalisation in the sector, the second highest employer after agriculture, by providing skills, insurance, and guaranteed pay