Page 32 - Start-ups

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

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

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

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

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

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.

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

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

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

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

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

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

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

Talentedge's owner takes stake in upGrad at $2 bn value after integration

Edtech major upGrad on Thursday said it has integrated all of Talentedge's business, which will operate under its own name

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.

I-T dept says found Rs 224-cr black income at Maharashtra-based unicorn

The Income Tax department has detected undisclosed income of about Rs 224 crore after it recently raided a unicorn start-up group based in Pune and Thane in Maharashtra, the CBDT said on Sunday

Volex acquires majority stake in inYantra Tech in $13-mn transaction

inYantra Technologies Pvt Ltd on Monday said UK-based integrated manufacturing-services and power products company Volex plc has acquired a majority stake in it in a transaction totalling $13 million

TCS plans overhaul with aim to double revenue to $50 bn before 2030

The Mumbai-based company will create four internal teams in order to double its revenues, according to people familiar

Ninjacart launches $25-million agri seed fund for new-age start-ups

In addition, Ninjacart will invest in teams that have great tech abilities but may lack a solution or an idea at the moment

Accel raises $650 mn fund to invest in Indian and SE Asian start-ups

It was an early investor in unicorn start-ups like Flipkart, Swiggy, Zetwerk, Cultfit, Acko and others