Page 97 - Start Ups

Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo

The company said it would utilise the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool

BharatPe posting record growth, has put behind Grover controversy: CEO

BharatPe, which allows shop owners to make digital payments through QR codes, is now in 225 cities (more than 2x growth from last fiscal)

Fintech startup BeyondIRR raises seed funding from Zerodha's Rainmatter

Udaan co-founder Sujeet Kumar also participated in the round; funding amount not revealed

AI-based content firm Instoried raises $200 mn from GEM, seeks to go public

Funding comes in under 6 months after Instoried announced Series A round; firm says this makes it the fastest-growing deep tech startup led by a woman founder

Indian-American's AI startup expands leadership team after raising $200 mn

An Indian American-led artificial intelligence startup in the Silicon Valley on Wednesday said it has raised USD200 million so far and added key members to its leadership team

Online D2C brands grapple with moment of truth in the valuation game

Valuation demands of around 10x of revenue had become way too common despite the fact that consumer brands are fundamentally different from tech businesses.

Doceree completes $11 mn series A fund raise led by Eight Roads Ventures

Recipient is a physician-only platform for programmatic messaging; funding will help it embolden healthcare professional communications for pharma and life sciences brands

Google-backed VerSe valued at $5 billion in latest funding round

VerSe Innovation has raised $805 mn in a funding round led by Canada's top pension fund, putting a $5 billion valuation on the Google-backed parent of video app Josh and news aggregator Dailyhunt.

Google-backed Dunzo launches instant grocery delivery service in Mumbai

In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022

Tamil Nadu to create 10,000 more startups by 2026, says Tansim CEO

Tansim is the nodal agency for start-ups in Tamil Nadu and is working on a new start-up policy to boost the new investor eco-system in the state.

Speciale Invest announces its second funds closure at Rs 286 crore

In April 2021, the company had announced their second fund to be a corpus of around Rs 100 crore, but this got oversubscribed to over Rs 140 crore.

Stage set for PE majors to make a splash in India's tech startup gold rush

Indian tech startup ecosystem has attained a threshold of maturity in the last few years which makes it attractive for large PE players

This entrepreneur is disrupting legal services space by democratising it

Arvind Singhatiya's firm, LegalKart, today connects 150,000 individual and business customers across 20,000 pin codes in 900 cities and districts to a community of 10,000 lawyers

Gaming studio Bombay Play raises $7 mn in Series A funding led by Kalaari

With the capital raised, the company plans to invest it in scaling its existing 'hypersocial' game offerings, supporting upcoming projects while also devoting a sum towards innovation in the segment

EnKash raises $20 million in funding round led by Ascent Capital

Baring India and Singapore-based White Ventures also participated in the series B funding round along with existing investors, Mayfield India and Axilor Ventures.

Indian start-ups raise $12 bn during first three months of 2022: Report

Meanwhile, a recent report said that accelerated funding activity is expected to create over 100 unicorns in India during 2022

Microsoft to empower Indian startups from idea to unicorn with new platform

The platform offers over $300,000 worth of benefits and credits, giving startups free access to the technology, tools, and resources they need to build and run their business

D2C business enabler Instamojo reports revenue growth from online stores

Contribution jumped from 2% to 20% in one year after the launch of the beta version, says start-up.

Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months

Merchant commerce platform got $150 million from Alpha Wave Global in February and $20 million from SBI in January.

Builder.ai raises $100 mn in Series C round to scale up AI capabilities

Funding led by Insight Partners, a New York-based global venture capital and PE firm, brings company's total funding to $195 million across three rounds in all