Page 71 - Start Ups

RACEnergy inaugurates 10,000 sq ft battery production facility in T'gana

The facility inaugurated on Wednesday is equipped with a 50 MWh battery production plant, which can manufacture 30,000 batteries per annum, the company said in a release

Lot of global investor interest in India right now: Arkam Ventures MD

We expect more foreign limited partners to put money into India, says Bala Srinivasa, MD, Arkam Ventures

Why can fintech sector ecosystem in India survive funding winter

The fintech space has witnessed a 60 per cent year-to-date slump in funding

Travel fintech firm Scapia raises $9 mn for operations, tech capability

Start-up converts customers' everyday expenses into travel rewards stored in a co-branded card

Don't depend on govt procurement, explore domestic, export markets: Kant

I am personally against governments getting into too much of startups...the dynamism of startups should be in the marketplace. the startups should not get themselves too dependent on govt procurement

Angel investment platform IPV makes 12 exits in 2022, logs 160% IRR

Some of the key exits include high-performing startups like BluSmart, Otipy, Stage, Kazam and Buyofuel

CII collaborate with Vedanta to support technology-based startups

As part of this programme, startups have the opportunity to present their minimal viable products (MVPs) on demo day, to secure contracts with participating corporates

Unicorn list declines in 2023, indicates slowdown in funding: Hurun report

The slowdown in unicorn additions is indicative of a "slowdown in India's startup ecosystem", the report -- which comes amid a slowdown in investor interest in what is being termed as "funding winter"

EV firm Oben raises Rs 40 cr in pre-Series A, will start deliveries in July

The company has so far secured a total funding of Rs 88 crore, including Rs 72 crore (both in equity and debt) in the pre-Series A round, Oben said in a statement

Mature start-ups need fully functional boards: Auditing major Deloitte

Deloitte has recommended that a mature start-up should forecast CSR spends depending on profitability, and a CSR policy should be made available on the company website

Corporate Affairs Ministry ordered inspection of Byju's recently: Report

We have not received any such correspondence from MCA regarding this, and are not aware of any such inspection, the spokesperson said in a statement

Orxa Energies inaugurates new facility ahead of electric bike launch

The announcement comes ahead of the launch of Mantis, the company's flagship electric performance motorcycle. It is expected to be available for bookings by the end of this year

In Indian start-up technology churn, generative AI gets edge over Web3

Raise $7.1 million in funding across eight deals until June 1

VC firm Avaana Capital announces first close of climate tech fund at $70 mn

Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture

Climate-focused VC firm Avaana Capital raises $70 mn in first funding round

This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund

Spacetech start-up Digantara raises $10mn in funding for satellite service

Company developing technology infrastructure that enables safe space operations

Urban Company to have 30% women in leadership, senior roles by 2025

In 2022, the company invested Rs 72 crore in training and upskilling its partners

Financial irregularities, tough market: What went wrong at Mojocare?

In a joint statement, Mojocare's major investors alleged that they have 'uncovered financial irregularities" in the health and wellness start-up

Financial irregularities found at Mojocare after review, say investors

Investors in the Bengaluru-based firm in a statement said that they have found financial irregularities and also said that the business model is not sustainable

SoftBank looking to book profits by selling shares in Zomato, Paytm: Report

The shares will be sold in small tranches in the open market and not through block deals