Page 27 - Start Ups

SpotDraft raises $54 mn to lead AI-powered contract lifecycle management

SpotDraft's Series B funding round, spearheaded by Vertex Ventures and Trident Partners, will accelerate the company's global expansion and drive the advancement of its AI-powered product innovation

Razorpay elevates Haria to role of CPO as it eyes Southeast Asia expansion

The appointment comes at a time when the company is planning to expand in Southeast Asia and focus on expanding Unified Payments Interface (UPI) and Razorpay POS

Religare saga: Saluja moves HC against Sebi, seeks to quash Burmans' offer

Fresh petition filed on Tuesday states that the letter of offer does not adhere to the conditions set by RBI

Bhavish Aggarwal's Krutrim brings DeepSeek R1 to Indian developers

Policy shift has triggered a significant backlash from anti-corruption watchdogs

Senior partners Shailesh Lakhani, Abheek Anand exit venture firm Peak XV

Lakhani and Anand have been with the firm for 17 years and 12 years, respectively. Both partners have made significant investments for the firm over the years

Amazon Pharmacy expands medicine access from Andaman to Arunachal Pradesh

Using Amazon's nationwide logistics network, customers can now access a wide range of medicines, with same-day delivery available in 23 cities, including top metros and Tier-II cities

Lennox India announces $6 million investment to expand Chennai GCC

The expanded GCC in Chennai is equipped with state-of-the-art facilities designed to support Lennox's global operations in HVACR solutions

magicpin revenue triples to Rs 870 cr in FY24, becomes 3rd largest food app

The company continued its dominance on the government-backed Open Network for Digital Commerce (ONDC), maintaining its status as the largest food delivery seller app on the network

Several startups likely to go public in 2025 despite challenges: Report

Further, the report said startup founders continue to look at domestic IPO as the likely mode of exit, with 73 per cent of founders choosing this mode of exit, up from 64 per cent in 2023

Hoping to increase govt-registered startups to 1 million in 10 years: Goyal

At present, there are 157,000 registered startups as compared to 450 in 2016

Couples invite global guests to weddings via innovative startups, for a fee

From dressing in colourful lehengas and sherwanis to dancing to Bollywood tunes during the baraat, these startups are offering an immersive journey into the world of Indian weddings

Cryptocurrency exchange WazirX completes asset restructuring on platform

The redistribution of assets will be made in the form of tokens, the company said, conditional to its users voting in affirmative to its scheme

Nirmata raises $9.6 million to expand AI-driven cloud-native solutions

As AI-driven applications drive the surge in cloud-native technologies, businesses are rapidly adopting new solutions and building platform engineering teams

PhonePe clocks record 8.1 bn UPI transactions in January, shows NPCI data

PhonePe continued to dominate the UPI ecosystem, commanding a 47.67 per cent market share, with Google Pay and Paytm holding 36.38 per cent and 6.78 per cent, respectively

Zepto Cafe hits 75,000 daily orders, marking a 50% month-on-month surge

Zepto Cafe has said it has surpassed 75,000 daily orders. The app was launched in December 2024

SaaS unicorn Perfios acquires financial crime management company Clari5

The company said the acquisition strengthens its fraud and risk management (FRM) capabilities and drives product-led synergies. Perfios said the move solidifies its presence across key global markets

Decide on BCCI-Byju's settlement in a week, NCLAT directs tribunal

The apex court had then asked BCCI to transfer the money in an escrow account, sending the case back to NCLT

Cognida.ai raises $15 million to transform enterprise AI adoption

Cognida says its practical approach reduces AI implementation time from eight months to just 12 weeks, making AI adoption predictable and profitable

TrueFoundry secures $19 million to transform AI deployment at scale

The Series A funding will allow TrueFoundry to accelerate its mission towards building a universal platform to develop and deploy AI applications with zero infrastructure hassles

Riju Raveendran moves NCLAT against decision to reinstate 2 Byju's lenders

Riju, who is the brother of founder Byju Raveendran, has challenged a January 29 order of the National Company Law Tribunal (NCLT)