Page 32 - Start- Ups
HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry
Hono is looking to leverage the fresh corpus of funds to expand operations across India, the Middle East, and Southeast Asia, increase market footprint and strengthen its product offering
 "HR tech startup Hono raises over Rs 38 cr in funding led by Aakash Chaudhry")
Edtech firm iNurture raises $15 mn from ADM Capital in debt and equity
Currently, the company has partnerships with over 30 university campuses across India, offering over 50 programmes on campus, and has more than 15,000 students enrolled in these programmes.
 "Edtech firm iNurture raises $15 mn from ADM Capital in debt and equity")
Our expectation is that investors buy into our simple story: Delhivery ED
Delhivery's Executive Director Sandeep Barasia explains to Surajeet Das Gupta the reason the firm is launching its initial public offering (IPO), which opens on Wednesday
 "Our expectation is that investors buy into our simple story: Delhivery ED")
Reduce slavery to foreign goods, be vocal for local, urges PM Modi
Today the country is encouraging talent, trade and technology as much as possible. Today the country is registering dozens of start-ups every day, creating a unicorn every week, PM Modi said
 "Reduce slavery to foreign goods, be vocal for local, urges PM Modi")
JPIN launches funds worth $150 mn to promote startups in India, worldwide
The company's investment plans aim to connect start-ups and small businesses worldwide to encourage innovation.
 "JPIN launches funds worth $150 mn to promote startups in India, worldwide")
Redcliffe Lifetech raises $61 mn for expansion; LeapFrog Investments leads
The funding to Redcliffe Lifetech would help the diagnostic platforms to expand access to affordable, high-quality diagnostic tests across India, especially in tier 2, 3, and 4 cities
 "Redcliffe Lifetech raises $61 mn for expansion; LeapFrog Investments leads")
Ashneer Grover says he'll start his own venture without investors
"I wish to start my own venture with my own money and make it profitable," he said during the recently-held TiECon-2022 start-up and entrepreneurial event in Chandigarh
 "Ashneer Grover says he'll start his own venture without investors")
Startup firms let Indian retail investors buy corporate debt at $130
The new start ups are seeking to reassure investors they are doing all they can to protect their clients
 "Startup firms let Indian retail investors buy corporate debt at $130")
India's small towns hotbeds of entrepreneurship: OYO chief Ritesh Agarwal
"The new young India that is building their businesses, is aspiring to build sizable world champions in the consumer segments that they operate," Agarwal said
 "India's small towns hotbeds of entrepreneurship: OYO chief Ritesh Agarwal")
Startup TeaMonk raises about Rs 4 cr from investors to expand business
The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said in a statement
 "Startup TeaMonk raises about Rs 4 cr from investors to expand business")
School fees-focused fintech app Zenda raises $9.4 mn in seed round
Using Zenda, families can track dues and make payments through a multitude of pay-now and pay-later options, and unlock rewards for paying on time
 "School fees-focused fintech app Zenda raises $9.4 mn in seed round")
Mumbai-based start-up plans to set up fuel stations in outer space
Orbit Fab, a US-based company, has also unveiled plans to launch re-fuelling services for satellites and aims to set up fuel depots in low earth and geostationary orbits
 "Mumbai-based start-up plans to set up fuel stations in outer space")
Edtech startup Newton School raises $25 mn from Steadview Capital, others
Founded in 2019 by IIT batchmates Nishant Chandra and Siddharth Maheshwari, Newton School was built to democratise higher education.
 "Edtech startup Newton School raises $25 mn from Steadview Capital, others")
Deeptech startup Spyne raises $7 mn in latest funding round led by Accel
At present, Spyne is currently serving more than 80 customers including Amazon India, Flipkart, Karvi, OLACars, SellAnyCar, Udaan, etc. across 15+ countries
 "Deeptech startup Spyne raises $7 mn in latest funding round led by Accel")
OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm
The company is in discussions with potential IPO arrangers, including Goldman Sachs Group and Morgan Stanley and India's Kotak, Avendus and ICICI Securities
 "OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm")
India's 'Unicorn couple' eyes first start-up IPO within a year
OfBusiness, a supplier of raw materials from steel to chemicals to small businesses, could go for an initial public offering (IPO) in six months to a year
 "India's 'Unicorn couple' eyes first start-up IPO within a year")
MobiKwik elevates Anshuman Misra as Chief Product and Technology Officer
Anshuman Misra will work with the product, design, engineering, infrastructure and security functions at MobiKwik
 "MobiKwik elevates Anshuman Misra as Chief Product and Technology Officer")
Blockchain start-up Zenith Chain secures $35 mn funding from GEM Digital
Zenith Exchange: a cutting-edge new-age crypto exchange that offers secure trading
 "Blockchain start-up Zenith Chain secures $35 mn funding from GEM Digital")
Email service ProtonMail acquires email alias start-up SimpleLogin
SimpleLogin has more than 1,00,000 users who have created more than 2 million email aliases
 "Email service ProtonMail acquires email alias start-up SimpleLogin")
Rebel Foods acquires controlling stakes in luxury chocolate brand SMOOR
"This investment gives us further confidence that we have been able to consistently choose outstanding brands," said Raghav Joshi, co-founder, Rebel Foods
 "Rebel Foods acquires controlling stakes in luxury chocolate brand SMOOR")