Page 42 - Start Ups

Zepto set to enter buy now, pay later segment with 'Zepto Postpaid'

Rival firms like Zomato-owned Blinkit already offer BNPL services to their customers through partnerships with players like LazyPay and Simpl

RecommerceX raises $3.6 mn from Accel, Kae Capital, to scale recycling

RecommerceX focuses on recovering valuable materials such as metals, plastics, and e-waste

Flipkart launches 11 fulfilment centres, expects to create over 100k jobs

This comes at a time when e-commerce and quick commerce companies are expanding their supply chain infrastructure ahead of the festival season

Food aggregator Swiggy strengthens top deck ahead of upcoming IPO

This comes at a time when competition is intensifying in the rapidly growing quick commerce space

Large funding rounds over $100 million see resurgence among Indian startups

Investors focus on profitable growth as late-stage deals rebound in 2024

BigEndian Semiconductors raises $3 mn in funding led by Vertex Ventures

India's semiconductor sector, despite being home to 20-25 per cent of the global design talent, has historically lacked a significant presence in the global market

Zepto adds $340 million to basket; valuation at $5 billion ahead of IPO

General Catalyst, Dragon Fund, Epiq Capital led the round

Games24x7 shifts focus to tech platform, plans sector-agnostic investments

Amid new GST regime, Games24x7 eyes growth through diverse tech solutions and innovation

10-minute delivery to become BigBasket's default option: CEO Hari Menon

This is much higher than Blinkit's 25,000 SKUs and Zepto's 10,000 SKUs. Zepto has stated that it intends to increase SKUs on its platform to 20,000 before the festive season begins

Delhi-based Proptech startup HouseEazy raises $7 mn in Series-A funding

HouseEazy said that the funds collected will be used to drive growth in new NCR (National Capital Region) geographies, expand its footprint, enhance products, and support team expansion

Cheap AI bots rapidly expand across India, transforming tech landscape

Startups may turn India into a proving ground for what could be the next frontier of generative AI products

First reusable hybrid rocket RHUMI launched by Tamil Nadu space startup

Tamil Nadu-based startup Space Zone India launched its first reusable hybrid rocket, Mission RHUMI-2024, onboard a mobile platform to take up research on global warming and climate change

Fintech firm Axio raises $20 million from Amazon Smbhav Venture Fund

Consumer finance company will use investment to scale up loan book and 'expand credit offerings'

Fintech major PhonePe introduces 'credit line on UPI' on its platform

The option also allows merchants on PhonePe's Payment Gateway to offer customers an additional payment option at the time of checkout

DMI Finance set to raise funds from MUFG at $3 billion valuation

DMI Finance plans to use the capital to expand its balance sheet, co-founder said

Small UPI players show promise even as larger ones continue to dominate

Smaller fintechs gain traction as top UPI apps near 30% market cap limit

India presents an unprecedented chance for investments: Ankur Capital MD

Ankur Capital secures key commitments for Rs 1,200 crore fund

Global gaming major Flutter bets big on India, opens GCC in Hyderabad

New York Stock Exchange-listed firm invests $3.5 million, hires 700 employees to focus on data engineering & game integrity

After forensic analysis, WazirX blames wallet provider for crypto heist

But Liminal Custody stresses its systems weren't compromised

Games24x7 looks to keep users engaged despite heavy GST on online gaming

The gaming unicorn is investing in product enhancements to boost user engagement, and is looking to cross-monetize its offerings