Page 42 - Start Ups

Edtech firm Byju's on sticky wicket as NCLT admits BCCI's insolvency plea

Edtech company plans to move NCLAT, say sources

GoMechanic achieves operational profit in Q1FY25; FY24 revenue at Rs 210 cr

Under the new management, GoMechanic has posted a revenue of Rs 210 crore in the financial year 2023-24 and a revenue of Rs 85 crore in the April-June 2024 quarter

Mankind Pharma inks pact with Takeda to commercialise acidity drug in India

The agreement allows Mankind Pharma to launch the novel drug for treating Gastroesophageal Reflux Disease

Sam Altman-backed startup 44.01 scaling technology to store CO2 in rocks

44.01's storage process works by injecting a mixture of CO2 and water down a borehole and into cracks in peridotite, a naturally fractured rock

Launchpad Kashmir: Excitel's Vivek Raina and 6 others unveil startup fund

Launchpad Kashmir would fund and incubate 24 startups by FY25 in Jammu and Kashmir region, taking them from the ideation stage to the seed funding round

IndusDC earmarks Rs 100 crore to co-build hard tech startups in India

The venture studio will identify technologies and lab stage ideas related to CO2 emission reduction primarily in the industrial and energy sector

EV ride-hailing service provider BluSmart raises $24 million in funding

BluSmart has raised $109 million across its seed and Series A rounds to date

Basement to battlefield: Ukrainian startups creating robots to fight Russia

Defense startups across Ukraine about 250 according to industry estimates are creating the killing machines at secret locations that typically look like rural car repair shops

Fintech firm Partior raises $60 mn Series B round led by Peak XV Partners

Partior, which has global unified ledger-based interbank rails for real-time clearing and settlement, will use the funds to support its international network growth

OYO's co-working firm Innov8 inaugurates three centers in Delhi-NCR region

These three facilities, having a total of 60,000 square feet area, are located at Unitech Cyber Park, DLF Cyber City and Okhla in Delhi-NCR, the company said in a statement

Indkal Technologies inks deal with Acer to manufacture, design smartphones

Indkal Technologies will launch a "wide range of smartphone models" under the Acer brand in mid-2024, with a focus on smartphones priced between Rs 15,000 to Rs 50,000, the company said

Union Budget 2024: Here's what startups, investors expect from Modi 3.0

Expectations rise for investments, simplified tax norms, and sectoral support

Startup firm The Sleep Company achieves Rs 500 cr annual recurring revenue

The Sleep Company achieves Rs 500 crore annual recurring revenue; aims to become profitable by FY25

Govt policy support shows commitment to 100% electrification: Ather Energy

"Subsidies are not about helping companies grow; they're about accelerating adoption for the entire industry," Mehta asserted

Zepto faces backlash over Rs 131 coriander price; says issue resolved

Zepto said the system glitch had "caused significant pricing disparities" across the platform and assured that the issue has been resolved

Agritech startup Arya.ag raises Rs 242 crore in pre-series D funding round

The company, an integrated grain commerce platform, said in a statement that the amount was raised in a Pre-Series D funding round, led by Switzerland-based investment firm Blue Earth Capital

Tech for better sleep: Wakefit launches AI-powered sleep solutions

The sleep technology firm has come up with the country's first-ever line of AI-powered sleep solutions; plans to scale up stores across major cities in 8-10 months as part of an omnichannel strategy

Startups taking longer to hit Series A stage, fintech sees dip in avg time

An analysis of 10 sectors that received the most funding in 2023 shows that nine of them experienced an increase in the time taken to reach Series A compared to 2019

Funding into AI-focused startups more than doubles to $24 bn in Q2

Overall startup funding grew 16% sequentially to touch $79 bn in last quarter, primarily driven by investments in AI, which became largest sector for first time, followed by healthcare and biotech

G.O.A.T Brand Labs raises $21 mn from BlackRock, Mayfield, others

While GOAT has completed the $21 million raise, the round is likely to get extended and close at about $30 million given the interest and the active discussions