Page 30 - Start Ups

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

E-commerce giants Flipkart, Amazon deepen fashion push in smaller cities

Flipkart's ethnic wear and Amazon's Serve store are driving fashion growth in Tier 2 and 3 cities with rising Gen Z demand and expanding customer bases

AI hyped but better grounded than crypto, says Red Hat CTO Chris Wright

Chris Wright compares AI trajectory to early days of cloud tech; Red Hat to focus on enabling flexible infrastructure for AI workloads across platforms

PierSight gains strategic investors to grow satellite maritime surveillance

Backed by Sustainable Ocean Alliance and CE-Ventures, PierSight aims to scale its SAR satellite constellation, boost ocean intelligence, and grow its engineering team

Razorpay, MeitY Startup Hub partner to boost India's deep-tech startups

Initiative aims to support early-stage ventures with fintech tools, mentorship and infrastructure - especially in Tier 2 and Tier 3 cities