Page 78 - Start Ups
G20 countries to discuss common framework to define startups: Official
G20 countries, including India and the US, are holding consultations to arrive at a common framework to define startups with a view to promoting the growth of new ventures, a senior official said
 "G20 countries to discuss common framework to define startups: Official")
Food-tech start-up Pluckk appoints Kunwarjeet Grover as Head of Growth
Pluckk, a leading food-tech direct-to-consumer company, focused on farm to fork fresh produce, on Monday announced the appointment of Kunwarjeet Grover as the company's Head of Growth
 "Food-tech start-up Pluckk appoints Kunwarjeet Grover as Head of Growth")
Ambani-backed EV maker aims to raise $85 mn, seeks $359 mn valuation
The company, which counts billionaire Mukesh Ambani among its backers, is seeking a valuation of around $350 million in the new round, said one of the people
 "Ambani-backed EV maker aims to raise $85 mn, seeks $359 mn valuation")
Atomberg raises $86 mn in series C funding from Temasek, Steadview Capital
Consumer appliances start-ups will use the financing to strengthen manufacturing, develop new products
 "Atomberg raises $86 mn in series C funding from Temasek, Steadview Capital")
Smartwatch maker Noise seeks to raise $40-50 mn to expand in growing market
Nexxbase Marketing Pvt, which sells smartwatches and earphones under its Noise brand, seeks funds to add products and gain market share in its home base of India
 "Smartwatch maker Noise seeks to raise $40-50 mn to expand in growing market")
Woman-led edtech unicorn Guild lays off 172 employees for 'reorganisation'
he company had "identified the go-forward structure, roles, and skill sets needed to enable our strategy and create a more focused, seamless way of doing work at Guild," CEO told the staff
 "Woman-led edtech unicorn Guild lays off 172 employees for 'reorganisation'")
Foreign VC funding in India declines 72% as unicorn machines stutter
Foreign money plays a crucial role in start-up funding in India
 "Foreign VC funding in India declines 72% as unicorn machines stutter")
SoftBank eyes five Indian start-ups; may invest up to $100 mn in each
SoftBank also looking at secondary-sale opportunities in growth firms that have postponed their IPO plans
 "SoftBank eyes five Indian start-ups; may invest up to $100 mn in each")
LIVE: 'Blatant affront to democratic ethos,' NDA slams Oppn's decision
Catch live updates from across the globe here
 "LIVE: 'Blatant affront to democratic ethos,' NDA slams Oppn's decision")
Funding for agrifoodtech startups declines 33% to $2.4 bn in 2022
Funding in Indian agrifoodtech startups declined 33 per cent during the last calendar year to USD 2.4 billion on higher base, according to AgFunder and Omnivore joint report
 "Funding for agrifoodtech startups declines 33% to $2.4 bn in 2022")
Simple Energy launches electric scooter Simple ONE, plans to invest $100 mn
Electric two-wheeler startup Simple Energy officially launched its maiden electric scooter, Simple ONE, at a starting price of Rs 1.45 lk (ex-showroom Bengaluru), almost 21 months after its unveiling
DGCA grants Design Organisation Approval to flying taxi startup ePlane
Electric flying taxi startup, The ePlane Company on Tuesday said the Directorate General of Civil Aviation (DGCA) it has granted the Design Organisation Approval (DOA)
 "DGCA grants Design Organisation Approval to flying taxi startup ePlane")
AI platform Builder raises over $250 mn led by QIA in Series D funding
AI-powered software platform Builder.ai on Tuesday announced it has raised over $250 million in its Series D funding led by Qatar Investment Authority (QIA)
 "AI platform Builder raises over $250 mn led by QIA in Series D funding")
Battery-tech startup EMO Energy raises $1.2 million in seed funding round
Battery-tech startup EMO Energy on Tuesday said it has raised USD 1.2 million (nearly Rs 10 crore) in a seed funding round led by Transition VC and co-led by venture capital firm Gruhas
PhonePe raises additional $100 million from PE firm General Atlantic
Walmart Inc-owned payments firm PhonePe said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its ongoing $1 billion fundraising
 "PhonePe raises additional $100 million from PE firm General Atlantic")
Infogain to hire over 1,000 people; eyes acquisition to deepen capabilities
Infogain has said that global businesses even amid uncertainty are prioritising digitisation and customer experience to gain an edge in the market
 "Infogain to hire over 1,000 people; eyes acquisition to deepen capabilities")
More startups to shed flab amid valuation bloat; layoffs 57% of CY22
Globally, 683 companies laid off 194,659 workers in 2023. This is already 18 per cent more than the 164,591 seen in 2022
 "More startups to shed flab amid valuation bloat; layoffs 57% of CY22")
Ronnie Screwvala-led edtech unicorn upGrad records 10 mn enrolled learners
upGrad is evolving to become Asia's largest integrated learning, skilling, and workforce development and placement company
 "Ronnie Screwvala-led edtech unicorn upGrad records 10 mn enrolled learners")
Can ONDC upset Swiggy/Zomato duopoly to disrupt the food delivery market?
Although ONDC's hyperlocal tilt gives small sellers effective inroads in e-commerce, disruption in food delivery market will be contingent on building scale, meeting quality set up by Swiggy, Zomato
 "Can ONDC upset Swiggy/Zomato duopoly to disrupt the food delivery market?")
Agraga raises Rs 70 crore in funding round led by IvyCap Ventures
Digital logistics start-up Agraga has raised Rs 70 crore in a funding round led by IvyCap Ventures with participation from Alteria, the company said on Tuesday
