Page 87 - Start Ups

Machine learning developer TrueFoundry raises $2.3 mn in seed funding

Company will use financing to expand technology team and for product development

Insurtech start-up Zopper raises $75 million in series C funding

Currently, there are 57 insurance companies in India- 24 in the life insurance sector and the others in non-life insurance businesses

DotPe raises $58 mn in series B, plans entry into financial services

The firm currently serves over 7.5 million brands including McDonald's, 24 Seven and Taco Bell

Edtech start-up Leverage Edu plans to double workforce in next 12 months

This comes after Leverage Edu raised $22 million in series B funding in March earlier this year, bringing the firm to a valuation of $120 million

FinMin sets up panel to address issues faced by venture capital, PE firms

The Finance Ministry has set up a high-level panel headed by former Sebi chairman M Damodaran to look into issues being faced by venture capital (VC) and private equity (PE) investors

PE/VC investments fall 80% to a 19-month low in August, says report

The month recorded the highest ever exits at USD 3.1 billion, making it the best month from sell-offs perspective, according to the report by industry lobby IVCA and the consultancy firm EY.

After lay-offs, edtech startup Lido Learning files for insolvency

Lido Learning's board of directors has passed a special resolution to file an application under section 10 of IBC, 2016

Construction management start-up Powerplay raises $7.14 mn in funding

The company will use the funds to expand its business in India and abroad. Powerplay said the value of construction managed on its platform from January to June 2022 is worth Rs 7,500 crore

India edges out China in creating new unicorns in H1CY22: Hurun report

As many as 147 unicorns worldwide saw their valuations drop in the last six months

Tech start-ups raise $885 mn in funding in Aug, down 20% from July: Report

Edtech unicorn UpGrad and fintech start-up EarlySalary among companies to earn big-ticket investments: Tracxn

HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group

HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care

Gig work platform Awign raises $15 mn in funding round for expansion

Start-up assists enterprises in hiring high-skill talent on contract and manage such employees

How Eduvacancy is changing the way institutes hire teachers in India

The firm's SaaS-based platform has over 500,000 registered educators and 12,750 institutes pan India and matches the right candidate for the right job across regions

Startups increasingly raising venture debt as investors fear funding winter

Most investors are more cautious in deploying capital towards growth businesses, especially in late-stage startup investments, which are key drivers in a funding cycle

We back companies where tech is an enabler, not the hero: C4D Partners CEO

Our crucial thesis is that the business model is woven around a societal problem, said CEO Agarwal

Alteria Capital in talks to raise up to Rs 3,500 cr for third fund

Alteria, counted among the top three venture debt firms in India, boasts of Rs 2,800 cr in AUM and a portfolio that includes at least eight startups valued at $1 bn or above

Get a masterclass on the art of scale-up from start-up wizards

Tech world's prime-movers set up Artha School of Entrepreneurship.

PharmEasy calls off its public offer; to go for rights issue instead

API Holdings, the parent company of PharmEasy, wrote to shareholders announcing withdrawal of DRHP

Edtech firm Sunstone raises USD 35 million from WestBridge Capital, others

Edtech startup Sunstone, which focuses on higher education, on Friday said it has raised USD 35 million, about Rs 280 crore, in a funding round led by WestBridge Capital

Zomato-backed Shiprocket raises $33.5 mn, becomes India's 106th unicorn

The logistics technology platform was valued at around $1.2 billion with the fresh round of funding