Page 32 - Start Ups

Supply chain platform KredX secures RBI's approval to launch TReDS platform

KredX's DTX is the fifth platform to receive the banking regulator's nod to operate TReDS

India's AI push gains force amid PM's power talks with tech leaders

While numerous AI startups are emerging, other companies are integrating AI into their existing operations

Have a strong pipeline of companies preparing to go public: Accel

India is on track to become an $8 trillion economy in 10 years and this will translate into growth in public markets, say Barath Shankar Subramanian and Abhinav Chaturvedi, Partners at venture capital

Outlook 2025: Funding crash, layoffs shift edtech's focus on innovation

The ed-tech sector, however, was once referred to as the poster child of the country's startup landscape

BluSmart expands its all-electric ride-hailing services to Mumbai

The service initially covers key areas such as Goregaon, Bandra, and the Bandra Kurla Complex (BKC), with plans for further citywide expansion

EMO Energy raises $6.2 million in Series A led by Subhkam Ventures

The company will utilise the raised funds to scale its two-wheeler energy solution to over 1 lakh vehicles over the next two years while advancing the deployment of 1 GWh of energy storage

CoinSwitch moves to acquire WazirX users offering Rs 600 cr in recovery aid

At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform

Accel's $650 mn India fund to focus on AI, fintech startups, manufacturing

One of the opportunities identified by Accel under the consumer theme is 'Bharat', where startups cater to the top 30 per cent of households in India's Tier-2+ regions

DPIIT partners with Stride Ventures to help startups in funding, mentorship

It said this collaboration will be instrumental in creating enormous opportunities for startups by integrating financial support with strategic mentorship and market access

Hindustan Unilever in talks to buy skincare brand Minimalist for Rs 3K cr

The brand that came into being in 2020 is known for its ingredient-based skincare products. It had raised funds in its series A from Unilever Ventures, and Sequoia Capital India

UP govt plans Rs 4,000 cr corpus to boost startups, innovation ecosystem

The proposed corpus will be facilitated by the state government and the investment managers under the aegis of the UP Innovation Fund (UPIF)

Govt, Startup Policy Forum team up to make India a global innovation hub

A highlight of this partnership is the upcoming SPF Startup Baithak, a flagship event scheduled to take place on January 15-16, 2025, at Bharat Mandapam

Zepto sets up a new entity to streamline its operations ahead of IPO

In the second half of 2024, Zepto had picked investment banks like Goldman Sachs, Morgan Stanley, and Axis Capital as advisors for its IPO

Blinkit ups quick commerce game, announces 10-minute ambulance service

Starting today, Blinkit launched its first five ambulances in Gurugram, marking the beginning of its efforts to enhance emergency medical access

Venture capital firm Accel secures $650 million for eighth India fund

Accel earned a 35x gain on its investment in Swiggy's initial public offering (IPO), marking one of the biggest gains for the Silicon Valley fund

Rikant Pittie to be new CEO of EaseMyTrip, succeeds brother Nishant Pitti

Rikant Pittie will oversee the company's strategic initiatives, drive innovation, and enhance customer experiences to further strengthen EaseMyTrip's position in the industry

Credit-on-UPI fintech Kiwi rooted in upheavals in economy, co-founder says

Demonetisation and the pandemic drove India's digital transformation in financial services. Companies built unique use cases around UPI

Mumbai-based start-up Manastu tests green propulsion system in space

The POEM-4 platform, comprising the fourth stage of the PSLV-C60 rocket that launched the SpaDeX satellites on Monday, has been placed in an orbit at an altitude of 350 kms

New Year's Eve order frenzy: Ice cubes, condoms, chocolates among top items

Zepto CEO Aadit Palicha shared interesting insights on user orders via social media

Zepto's second top-level exit in a month as VP Jitendra Bagga resigns

This development follows the resignation of Zepto's chief human resource officer, Martin Dinesh Gomez, earlier this month