Page 39 - Start Ups

Payments major PhonePe launches firecracker insurance policy for Diwali

The plan can be purchased on the PhonePe app and provides coverage to families by insuring up to four family members, including the user, their spouse, and up to two children

Logistics automation firm Elixia raises $1 mn in funding round led by JIIF

Deeptech robotics startup Perceptyne also has raised $3 million (about Rs 25 crore) in a funding round led by Endiya Partners and Yali Capital

AI focused robotic startup Perceptyne secures $3 million in seed funding

Perceptyne operates in the space of AI-driven, semi-humanoid robots for industrial automation

Gaming unicorn Games24x7 looks to branch out as technology platform

The program will provide mentorship, masterclasses, networking, and funding opportunities, along with credits worth $500,000 from over 30 technology partners

IPO-bound Oyo rejigs its top leadership team with five elevations

Sonal Sinha, who joined Oyo in 2015, will be responsible for overseeing Oyo's international business operations, revenue, and spearheading strategic initiatives across the US

Delhi or Bengaluru? Another CEO gives verdict on best city for startups

Following Zomato CEO Deepinder Goyal's remark on Delhi being a better option for startups, Bombay Shaving Company CEO Shantanu Deshpande has also seconded Goyal

India's regulatory reform could hasten homecoming of IPO-bound startups

Many of the dozens of Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home

Beyond business: How Ratan Tata batted for Indian startup ecosystem

He once said he viewed these investments as a 'learning experience'

60% of unicorn founders in India are first time founders, says study

29% founder took two attempts to build their first Unicorn

Magicpin largest food delivery app on ONDC, logs 150,000 orders daily

Hyperlocal delivery startup says performance in September proves growing market share in major cities

XDLINX Space Labs raises $7 mn in seed funding from Lucky Investments

Founded in 2022 in Hyderabad, XDLINX Space Labs aims to make satellite technology accessible to a broader range of clients

Exicom acquires US EV charging company Tritium for nearly Rs 310 crore

Nasdaq-listed Tritium designs and manufactures proprietary hardware and software to make DC fast chargers for electric vehicles

Swiggy launches 10-minute food delivery service Bolt in six key cities

Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time

Zoom Phone service launched in Pune, to be expanded to other major cities

Sankarlingam added that, globally, Zoom Phone amassed five customers with over 100,000 seats in Q1 FY25

Chennai-based Refex to raise Rs 927 crore through preferential issue

This funding comes at an opportune time as Refex continues to innovate in logistics for ash management, addressing environmental challenges associated with thermal power plant operations

India's brain gain: 40 Indian univ alumni join US unicorn founders club

Other Indian universities on the list include IIT Madras, IIT Kharagpur, the Birla Institute of Technology and Science (Pilani), Banaras Hindu University (BHU), and the University of Madras

Arkam Ventures targets middle India: GenAI, space tech, EVs among key areas

Arkam believe that the biggest venture outcomes over the next 15 years are going to come from founders who are reimagining and rewriting many traditional industries

Can live events become the next big growth driver for Swiggy, Zomato?

Swiggy eyes expansion in India's booming Rs 10,400 crore live events market, while Zomato has also entered the live events market through its recent acquisition of Paytm Insider

Swiggy Instamart starts 24x7 free delivery in Delhi NCR for festival season

The quick commerce platform aims to meet growing demand by offering rapid delivery of thousands of products within 10-15 minutes, day and night, in Delhi, Gurgaon, and Noida, the company said

Wakefit enters Rs 1,000 crore revenue club, returns to Ebitda profitability

The sleep solutions company records a 24 per cent jump in revenue since the last financial year and remains on track to maintain its growth trajectory