Page 24 - Start Ups
Turbostart invests $1 mn in Lighthouse PropTech's $2.5 mn funding round
The Dabur Family Office and several other high net-worth individual (HNI) family offices joined the round, valuing the company at $13.5 million
 "Turbostart invests $1 mn in Lighthouse PropTech's $2.5 mn funding round")
Sebi considers Esop relaxation for startup founders ahead of IPOs
According to a consultation paper released on Thursday, Sebi may allow founders to hold or exercise Esop benefits granted one year before the company's initial public offering (IPO) plan
 "Sebi considers Esop relaxation for startup founders ahead of IPOs")
AI startup Fractal announces strategic investment of $20 mn in Asper.ai
The funding aims to power Asper's next phase of growth, focusing on scaling its product development and expanding its enterprise customer base across the globe
 "AI startup Fractal announces strategic investment of $20 mn in Asper.ai")
Would have emerged from insolvency if IRP acted on time: Byju's tells NCLAT
"There was a settlement (with BCCI), that settlement was before the Committee of Creditors (CoC) was being constituted," said Arun Kathpalia, the senior advocate appearing for Raveendran
 "Would have emerged from insolvency if IRP acted on time: Byju's tells NCLAT")
Everhope Oncology secured $10 million seed funding for expansion
This is the largest healthcare seed round in the last 24 months
Quick commerce players race to grow product lists, footprint, dark stores
In a bid to offer greater convenience, qcom platforms are increasing their presence in smaller cities, besides adding high-end items like Apple products to their product categories
 "Quick commerce players race to grow product lists, footprint, dark stores")
Traditional VC model not enough for deep science: Social Alpha founder
Manoj Kumar, the founder of venture development platform Social Alpha, says that deep science is all about impact first, rather than return first, making it harder to find typical venture funding
 "Traditional VC model not enough for deep science: Social Alpha founder")
Nikhil Kamath's Gruhas, Brigade launch Rs 300 cr realty-focused fund
Both partners have contributed about 15% each to the overall Rs 200 crore Sebi-registered Category II AIF, which includes a Rs 100 crore green-shoe option
 "Nikhil Kamath's Gruhas, Brigade launch Rs 300 cr realty-focused fund")
Razorpay targets 1.5 lakh exporters on Amazon's Global Selling Platform
Since December last year, Indian merchants part of Amazon's Global Selling programme have been able to collect their global payouts using the company's offering for international bank transfers
 "Razorpay targets 1.5 lakh exporters on Amazon's Global Selling Platform")
Get iPhone in 10 mins: Zepto joins qcommerce race to deliver Apple products
Zepto announced that it will deliver Apple products, including the latest iPhone 16e, AirPods, charging accessories, and more, within 10 minutes
 "Get iPhone in 10 mins: Zepto joins qcommerce race to deliver Apple products")
Protectt.ai secures Rs 76 crore from Bessemer to boost mobile app security
The funds raised will be utilised to enhance its AI-driven mobile app security platform and accelerate product innovation
 "Protectt.ai secures Rs 76 crore from Bessemer to boost mobile app security")
NCLT must take RP's decision into account: Edtech firm Byju's to NCLAT
During the hearing on Monday, Riju Raveendran's attorney told the appellate tribunal that Raveendran had paid Rs 158 crore from his own funds to settle the dispute with the BCCI
 "NCLT must take RP's decision into account: Edtech firm Byju's to NCLAT")
Railways clears tracks for India's first 40-kilometre hyperloop project
IIT Madras incubated TuTr Hyperloop to launch the world's first commercial hyperloop technology-based project next month
 "Railways clears tracks for India's first 40-kilometre hyperloop project")
Edtech firm Imarticus Learning to file DRHP in 4-5 months for IPO plans
Imarticus is currently in advanced discussions with investment banking firms, including IIFL, for its upcoming IPO
 "Edtech firm Imarticus Learning to file DRHP in 4-5 months for IPO plans")
Valueattics Reinsurance set to become India's first private reinsurer
So long GIC Re, a public-sector entity, was the only player in the field
 "Valueattics Reinsurance set to become India's first private reinsurer")
IPO-bound Rebel Foods in talks to bring more global brands to India
The company became the master franchisee of American fast food giant Wendy's in 2023. Since then, Rebel has scaled Wendy's to 200 stores, with the latest one opening in Gurugram on Wednesday
 "IPO-bound Rebel Foods in talks to bring more global brands to India")
Fashion-tech brand Virgio aims to invest $1 mn across 16 stores under plan
On the international front, the fashion-tech brand plans to open two stores in Dubai. It is currently scouting locations and aims to begin operations by the end of 2025
 "Fashion-tech brand Virgio aims to invest $1 mn across 16 stores under plan")
Focusing to scale up business sustainably, says Ather CEO Tarun Mehta
Speaking on the sidelines of TiECon, Mehta stated that Ather's focus remains on scaling its business, as the company is bullish on expanding its market beyond South India
 "Focusing to scale up business sustainably, says Ather CEO Tarun Mehta")
Neobanking startup Zolve secures $251 million funding in equity, debt mix
The company has about 750,000 users and was launched in 2021
 "Neobanking startup Zolve secures $251 million funding in equity, debt mix")
Edtech firm Simplilearn plans to relaunch fresher upskilling vertical
The Blackstone-backed firm had shut down its study abroad and fresher upskilling verticals in 2024 as they failed to generate the expected outcomes
 "Edtech firm Simplilearn plans to relaunch fresher upskilling vertical")