Page 6 - Start Ups

Bain, Sattva launch $100 mn co-living platform; Colive raises $20 mn

Sattva-backed Colive partners with Bain Capital to launch a pan-India co-living platform, with $100 million investment to fuel growth and $20 million in additional strategic funding

Vedanta Group's Invenia aims for growth in data centre, system integration

edanta Group's Invenia Tech, the demerged digital infrastructure arm of Sterlite Technologies, plans to drive growth through fiber deployment, system integration, and data centre projects

Small brands skip price wars, bet on premium strategy this festive season

Direct-to-consumer companies focus on personalisation and cultural relevance ahead of the festive season as big brands on large e-commerce platforms slash rates

All in Capital targets closing its second fund in next three months

With an estimated corpus of $25 million, the VC firm plans to invest in 45-50 startups over the next three years in sectors like consumer-tech, artificial intelligence, and deeptech

Seekho raises $28 mn to expand bite-sized learning for mass market

The short-form learning startup targets the next 500 million users with vernacular content

CityMall raises $47 mn funding to build value e-commerce for Bharat

Currently serving over 60 cities across Delhi NCR, Uttar Pradesh, Haryana, Uttarakhand, and Bihar, CityMall has been on a 2x year-over-year growth trajectory over the past few years

$235 mn arbitration dispute: HC bars Byju Raveendran from alienating assets

A single-Judge Bench of Justice R. Nataraj passed an interim injunction restraining Raveendran and Byju's from alienating or transferring the assets listed in the petition

Meesho to add 12 lakh seasonal jobs, 70% from tier-3 and tier-4 cities

Meesho will create 12 lakh seasonal jobs across its seller and logistics network ahead of the festive season, with most roles coming from tier-3 and tier-4 cities

Issue of restricted rare earth magnets' supply sorted for now: Ather Energy

The CEO plans to double this share in the April-June quarter of the previous year. "Twenty per cent market share is something I think is possible for our business in the near term," Mehta said

Elev8 Venture Partners closes ₹1,400 cr fund despite global VC slowdown

India-focused fund attracts investors from Korea to Hong Kong as venture funding hits multi-year lows

TransBnk raises $25 million to expand banking infrastructure platform

TransBnk secures $25 million in Series B funding led by Bessemer to expand into Southeast Asia and Middle East while strengthening its domestic banking infrastructure platform

India bets on open-source AI to challenge US tech giants: Himanshu Tyagi

Sentient founder Himanshu Tyagi advocates for open-source AI to ensure India's technological sovereignty, as the country's AI talent pool grows rapidly and aims to challenge US and Chinese dominance

WinZO announces launch in the US, expanding international footprint

WinZO's expansion into the US is a critical part of its strategy to become the global go-to consumer technology platform for all new-age content consumption, the company said

PropEquity sues CRE Matrix for alleged data theft, Delhi HC issues summons

PropEquity has moved the Delhi High Court against CRE Matrix alleging data theft, seeking damages of Rs 8 crore as the court issues summons and sets next hearing for September 19

Cube Highways Trust raises Rs 820 cr via NCDs for debt repayment

Cube Highways Trust has raised Rs 820 crore via non-convertible debentures issued across 3.5-year and 10-year tenors, with proceeds used for repayment of existing debt

Indian AI founders tapping global capital, building international products

While there is a well-developing local market in India, US customers are more eager to try new products and are willing to pay for them, says Krishna Mehra, AI partner at Elevation Capital

Money gaming industry may be forced to fold as Centre goes all in on ban

Days after it was figuring out how to deal with a steep GST burden, the real money gaming industry has been hit with a legislative tsunami that could effectively eliminate it entirely

Weaver raises $170 million to expand AI-led affordable housing finance

Weaver Services secures $170 million from Lightspeed, Premji Invest, and Gaja Capital to drive asset acquisitions, tech innovation, and housing finance access in tier-2 and tier-3 cities

Credgenics acquires Arrise to build full-stack collections platform

Arrise was founded in 2019. It has a presence across more than 25 states through a network of over 5,000 professionals. It provides calling services in more than 13 languages

Seafood startup Captain Fresh files for $400 mn India IPO with Sebi

Captain Fresh has confidentially filed for a $400 million IPO in India, targeting a $1 billion-plus valuation as it expands its tech-driven seafood supply chain platform