Page 48 - Start Ups

SaaS startup Plotline raises $2.6 mn in seed round from Elevation Capital

Strategically deploying its $2.6 million seed round to bolster key functions across R&D (research and development), marketing, and sales, the company said

The Koo story: Bottlenecks in building, sustaining Indian competitor of X

Homegrown microblogging platform Koo has, however, been India's most successful attempt at recreating the X model

Former BharatPe COO Bahl-led Eternal Capital launches Rs 120 crore VC fund

The fund has been uniquely structured to democratise and simplify access to early-stage institutional deals in start-ups

Meat startup Licious eyes IPO in 24 months, 500 stores in 5 years

The meat and seafood startup is looking to achieve Ebitda profitability by March this year

Alphadroid aims to empower hospitality industry with service robots

Robotics company Alphadroid aims to develop a machine that empowers overall business processes with sustainability and cost efficiency

IvyCap plans to invest Rs 2,100 cr in Indian startups in next 12 years

The Fund plans to invest in about 25 companies at Series A with an average starting investment amount of Rs 30-50 crore

Online pharmacy PharmEasy raises $216 million at a 90% cut in valuation

According to a report, the Mumbai-based firm has also been trying to raise Rs 3,500 crore since August 2023 to repay the debt it took from Goldman Sachs

Artificial intelligence startups face rough financial reality check

Investors have poured $330 billion into about 26,000 AI and machine-learning startups over the past three years, according to PitchBook

CII asks startups to keep their valuations 'as realistic as possible'

It further stated that the start-up should be maintained as a separate legal entity with the organisation's assets distinct from the founders' assets

Former Tech Mahindra India biz head Mitra quits to set up AI startup

"We are going to focus on value proposition. Our firm will start operations within a quarter," Mitra, who moved out of Tech Mahindra earlier this month, Mitra said

Startups grew over 300 times in ten years: Union Minister Jitendra Singh

He said the country today has the 3rd largest startup ecosystem globally and is home to the fastest-growing unicorns

Chennai-based The ePlane to develop electric air taxi prototype by Mar 2025

As per the startup's website, an ePlane will take only 14 minutes to reach a place that will take 60 minutes by a personal vehicle

Indian startup funding declines 3.1% to $2.3 billion in Q1 CY2024

The country saw the creation of two unicorns - companies valued at over $1 billion - during the quarter, namely Ola Krutrim and fintech Software as a Service (SaaS) firm Perfios

Startups want more funds, tax relief once the new govt takes office

Lack of significant funding, heavy tax deductions and import duties and red tape are some of the biggest hurdles that startups want the new government to address once it comes into power after polls

Transforming agriculture with drone tech: The rise of Thanos Technologies

The agricultural drones automate the hazardous task of pesticide spraying, thereby improving the lives of Indian farmers

Rapido to offer free rides to differently-abled voters in Karnataka

Voters in Bengaluru, Mysuru, and Mangaluru would be able to avail free rides to and fro voting points on April 26 by using the code VOTENOW'

PayU gets RBI's in-principle approval to operate as payment aggregator

The company said it can start onboarding new merchants on its platform with the in-principle approval

InterGlobe, Assago set up AI business venture AIonONS; eyes partnerships

InterGlobe has a significant presence in the Travel, Transportation, Logistics, and Hospitality (TTLH) segment, and the country's largest airline IndiGo is part of the group

BharatPe launches payment device BharatPe One with integrated POS

The company in a statement said it plans to launch the product in about 100 cities in the first phase. It will further scale it to around 450 cities over the course of the next 6 months

HR tech startup Rippling valued at $13.5 bn after latest funding round

The round was led by tech investment firm Coatue with participation from Peter Thiel's Founders Fund, Greenoaks, and other existing investors