Page 65 - Start Ups
STPI sets-up incubation hub to incubate 100 blockchain startups in 5 years
The incubation facility of Apiary Center of Entrepreneurship (CoE) at STPI-Gurugram was set up in collaboration with MeitY, STPI, Haryana government, Padup Ventures, IBM, Intel, GBA and FITT
 "STPI sets-up incubation hub to incubate 100 blockchain startups in 5 years")
India's crypto landscape on verge of transformation, says WazirX VP
Rajagopal Menon, vice president at WazirX, discusses the impact of recent G20 agreements on India's evolving crypto industry and predicts a transformative year ahead
 "India's crypto landscape on verge of transformation, says WazirX VP")
Wealth management firm Neo raises $35 mn in funding from Peak XV Partners
Company will use funding for wealth management business, asset management franchise
 "Wealth management firm Neo raises $35 mn in funding from Peak XV Partners")
PhonePe revenue soars 77% in FY23 on booming digital payments market
The company's loss before interest, taxes, depreciation and amortisation on a standalone basis widened to 17.55 billion rupees ($210.8 million) from 16.12 billion rupees a year ago
 "PhonePe revenue soars 77% in FY23 on booming digital payments market")
Exits abound for Indian angel investment platforms despite funding slowdown
As venture capital funding slows down in India, early-stage investors find solace in lucrative exits, bolstering the credibility and appeal of the angel investment asset class
 "Exits abound for Indian angel investment platforms despite funding slowdown")
KKR-backed Avendus to tap tech investment banking deals in Southeast Asia
Majority owned by KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising
 "KKR-backed Avendus to tap tech investment banking deals in Southeast Asia")
Will file much-delayed March 2022 financial results this week, says Byju's
Byju's, which has missed payment on a $1.2 billion term loan, said it's completed a long-awaited audit of all group units. Parent Think & Learn Pvt Ltd
 "Will file much-delayed March 2022 financial results this week, says Byju's")
Skootr gives on lease 21,000 sq ft to US based Pinnacle in Hyderabad
Pinnacle, a leading industrial reliability solutions company, has a strong presence in the US and is now setting up shop in India, Colliers said in a statement on Monday
 "Skootr gives on lease 21,000 sq ft to US based Pinnacle in Hyderabad")
Repos Energy to raise Rs 100-300 cr in Series A funding by June next year
The funds are going to be utilised primarily for expansion of geographical reach along with building technology as well as for other purposes
 "Repos Energy to raise Rs 100-300 cr in Series A funding by June next year")
Venture Highway sells 1.5% stake in Meesho, makes 50-times returns
Venture Highways in a statement said that it recently concluded a secondary sale of its part stake in Meesho to WestBridge Capital
 "Venture Highway sells 1.5% stake in Meesho, makes 50-times returns")
Neobank Zolve raises $100mn in debt facility to offer credit products
Company says it has facilitated transactions worth more than $600 mn since 2021
 "Neobank Zolve raises $100mn in debt facility to offer credit products")
Insurtech player InsuranceDekho raises $60 mn in Series B funding round
This is the second fundraise for the Gurugram-based startup in 2023, taking its total fundraise to $200 million
Snap-E Cabs increases electric vehicle fleet size to 600 cars in Kolkata
Snap-E-Cabs, which is currently present in Kolkata, is also aiming at entry into newer markets like Bhubaneswar and Raipur while doubling the fleet count as well
 "Snap-E Cabs increases electric vehicle fleet size to 600 cars in Kolkata")
Ather Energy to make international foray in Nepal with flagship model 450X
The company plans to enter the international market with the export of its flagship model, 450X, to Nepal, it said in a statement
 "Ather Energy to make international foray in Nepal with flagship model 450X")
From paperwork to passport: Atlys' digital leap in visa processing
Mohak Nahta's Atlys is streamlining visas, winning travellers and investors alike
 "From paperwork to passport: Atlys' digital leap in visa processing")
E-commerce firms scale up tech efforts for upcoming festive season
Online retailers, startups are scaling up their tech and innovation efforts to handle demand from shoppers during festive season and make their shopping and payment experience seamless
 "E-commerce firms scale up tech efforts for upcoming festive season")
Startup action on display amid shift in the Indian smart TV market
According to Counterpoint data, the market share of brands outside the top five sharply increased from 43.2 per cent in 2021 to 57.4 per cent in 2022
 "Startup action on display amid shift in the Indian smart TV market")
Healthtech SaaS start-up Doceree raises $35 mn in series B funding
Following its entry into the US, India, and European markets, Doceree has also expanded its reach to Africa, Southeast Asia, and the Gulf Cooperation Council countries
 "Healthtech SaaS start-up Doceree raises $35 mn in series B funding")
Zepto tops startup list as most preferred workplace among professionals
14 of the 20 startups on this year's LinkedIn list are new entrants
 "Zepto tops startup list as most preferred workplace among professionals")
Beauty startup Pilgrim raises $20 million in Series B funding round
This Series B round was led by Vertex Ventures Southeast Asia and India along with existing investors Fireside Ventures & Narotam Sekhsaria Family Office, a joint statement said
 "Beauty startup Pilgrim raises $20 million in Series B funding round")