Page 49 - Start Ups

Flipkart Ventures to invest up to $500,000 in GenAI-based startups

As part of the Flipkart Leap Ahead (FLA) programme, selected startups will receive equity investments between $200,000 and $500,000, according to a statement

Startup Accacia raises Rs 54 crore from investors to expand business

Southeast Asia-based AC Ventures also participated in this round, alongside continued support from early backers Accel and B Capital

Raveendran raised debt to pay March salaries of Byju's employees

Byju Raveendran, the Founder and CEO of Think and Learn, has raised debt in his personal capacity to pay the salaries of employees for March

Odysse Electric looking to raise $5-10 million for expansion, says CEO

Operational since 2020, the city-based EV maker with over 60 dealerships across 20-plus states claims to have sold over 10,000 vehicles in the domestic market till date

Softbank-backed Oyo Hotels eyes $450 million bond sale for refinancing

The refinancing will extend the repayment timeline to five years, the person said. The company plans to complete the process in the September quarter

PE, VC investments decline marginally to $13.5 bn in March quarter: Report

When looked at from a volume perspective, the number of deals was 33 per cent higher at 292 in January-March 2024 against 220 in the year-ago period, it added

AI-powered equity research platform PineGap.ai raises $2.5 million

The funds will be utilised to boost product development efforts and strengthen its engineering team

Google-backed Cropin launches AI tool to boost climate-smart agriculture

The Bengaluru-based company has launched 'akṣara', the agriculture sector's first purpose-built open-source Micro Language Model for climate-smart agriculture

Regulatory uncertainty central theme for investments towards fintech firms

Investment dips as sector grapples with new rules and market dynamics

Elon Musk expected to meet with space startups during India visit

India's national space program has had some recent successes. It became the first country to land a spacecraft near the moon's south pole last year and is planning its first crewed mission in 2025

Wealth management, entertainment, health spends grow in FY24: Razorpay

Spending on dieticians has more than doubled during the same time, while health coaching recorded a 45 per cent increase in transactions

Tomorrow Capital leads $2.7 mm fundraise for kidney care startup VitusCare

The fresh capital injection will empower VitusCare to aggressively expand its operations, with a targeted focus on deeper penetration into 'Bharat', it added

B2B marketplace ProcMart raises $30 mn in series B funding from Fundamentum

The company is set to enter newer industries beyond MRO consumables such as Biofuel and packaging, expand its distribution network in India and strengthen international operations in Southeast Asia

Metal recycling startup Runaya aims to generate $1 bn in revenue by FY30

The company is also looking at an IPO. But Agarwal said, it was not an urgent priority. It would happen whenever the timing is right

iPhone, PS5 fly off shelves: Blinkit's big ticket profitability play

The quick-commerce platform has been experimenting with category expansion ranging from standard fresh food and groceries to high-value retail categories

Swiggy launches 'Swiggy Pawlice' initiative for finding missing pets

The on-demand convenience platform's Swiggy Pawlice feature empowers pet parents to report a missing pet directly on the Swiggy app

Indian fintech startup funding surges 59% in Q1 CY2024: Tracxn report

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

BharatPe co-founder Ashneer Grover ventures into fintech with ZeroPe app

ZeroPe, currently in its testing phase, has been developed by Third Unicorn

Garden of Joy raises Rs 84 lakh in seed round led by Inflection Point

Landscaping startup will use the money to expand in six cities in South India, develop technology

Info Edge-backed Funstop Games clocks 5 mn+ downloads for Ram Mandir game

The Shri Ram Mandir Game is a casual game that enables users to manage and build their own Ram Mandir in a 3D simulation environment