Page 36 - Start-ups

We have enough risk capital, says InfoEdge's Sanjeev Bikhchandani

That's InfoEdge founder's response to critics saying it should reduce stake in Zomato to invest in new start-ups

B2B logistics startup Pidge raises $1 mn from Indian Angel Network

The fresh capital would also help the firm invest in building its tech-capabilities

Energy storage startup Matter partners ARAI for next gen mobility solutions

Energy storage start-up Matter on Monday said it has entered into an agreement with Automotive Research Association of India (ARAI) for collaboration in next-generation mobility solutions. The two parties have signed a memorandum of understanding (MoU) under which they will collaborate in next-generation mobility solutions in the areas of functional safety, electronics reliability and cyber security, the company said in a statement. Commenting on the collaboration, Matter Founder and CEO Mohal Rajiv Lalbhai said,"We are extremely confident the association with ARAI, which is the leading automotive R&D organisation in India, coupled with Matter's technology development capabilities will widen the horizons of growth for EV's and energy storage solutions in India." ARAI Director Dr Reji Mathai said the collaboration will open new opportunities in the field of electric vehicles (EVs) and energy storage solutions by leveraging ARAI's experience, expertise, and equipment. "With ARAI's ..

Startup Fasal raises $4 mn to expand business in India, southeast Asia

Precision agriculture platform Fasal on Monday said it has raised USD 4 million from investors to expand business in India and South East Asia. The company raised this fund in pre-Series A round led by 3one4 Capital with participation from existing investors Omnivore and Wavemaker Partners, Fasal said in a statement. Other investors in this round include Genting Ventures (Malaysia), The Yield Lab Asia-Pacific, Antares Investments, and Sandeep Singhal of Nexus. Fasal is a full-stack AI-powered IoT SaaS platform for horticulture sector. Using on-farm sensors and scientific algorithms, Fasal delivers farm and crop-specific actionable insights to farmers in vernacular languages. The platform is also working on a range of new services including F&V market linkages and parametric crop insurance. To date, the startup claimed that it has helped save more than 9 billion litres of water from irrigation, reduced pesticide expenditure by around 60 per cent, and increased yields across 40,000

Start-ups ready for scrutiny, tiger-ride should go public: Industry experts

Companies wanting to go public to raise money from the market should weigh the pros and cons, said Nazara Technologies CEO Manish Agarwal

Karnataka sets up fintech task force with Razorpay, Zerodha founders

The task group will work towards creating a roadmap for the growth of the industry, identifying the opportunities and challenges faced by the fintech ecosystem

Disprz raises $13 mn in Series B funding led by Dallas Venture Capital

Founded in 2015 by Subramanian (Subbu) Viswanathan and Kuljit Chadha, Disprz is an AI-powered learning and skilling suite that empowers companies to right-skill their workforce

Leo Capital to launch third fund to provide financing to Indian start-ups

The proposed fund comes on the back of deploying two funds totalling $106 million

Privacy law compliance can be staggered to help start-ups: MeitY official

'We will see to it that compliance does not trump the benefits that we want to bring to the technology ecosystem and citizens with the bill', said MeiTy Additional Secretary Dr Rajendra Kumar

Start-up fever gripping world's last big untapped nation - Pakistan

More money has flowed into Pakistan's nascent technology sector during 2021 than in the previous six years combined

Fintech startup SalaryBox raises $4 mn funding from Y-Combinator, others

The company will utilise the funds to grow its team, invest in building new products and features, and further expand its user base, it added.

Startup fever is gripping the world's last big untapped nation: Pakistan

Multiple local entrepreneurs got in touch, seeking advice on funding and how to accelerate their startups in Pakistan.

Nasdaq-listed Freshworks launches unified CRM solutions for start-ups

As part of Freshworks Startup Program, companies can get going with up to $3,000 in credits for Freshstack

Nykaa CEO Falguni Nayar is India's richest self-made woman promoter

FSN E-Commerce, the promoter company of Nykaa, closed on Wednesday with a market capitalisation of Rs 1.043 trillion

Healthtech startup Mosaic Wellness raises $24 mn at valuation of $135 mn

Mosaic Wellness' Series A round was led by Sequoia Capital India with participation from Elevation Capital and Matrix Partners India

HR tech start-up Advantage Club raises $5 million from Jetty, YCombinator

The company aims to expand its operations abroad and add more products and features to compete in the $13 billion global HR tech market

Delhi govt likely to roll out start-up, film policies within a month

The Delhi government is likely to roll out the policies within a month to create job opportunities

Cactus Venture Partners plans to invest $100 mn in start-ups over 3 years

Cactus Venture Partners is planning to invest USD 100 million, mostly in start-ups based in India, over the next 3 years. Cactus Venture Partners founder and General Partner Anurag Goel told PTI that the company will invest between pre-Series A to B funding rounds. The venture capital company aims to invest USD 100 million in fast-growing direct-to-consumer (D2C) brands and technology start-ups. "Almost all of our investments will be in Indian start-ups but we will look closely for those companies that can leverage our networks to grow and expand internationally," Goel said. Cactus Venture Partners (CVP) portfolio includes Auric, an Ayurveda brand targeting millennials; AMPM, a global lifestyle brand with a modern Indian aesthetic, and Vitraya Technologies, a business-to-business service-as-a-product player that functions at the intersection of health technology and insurance technology. Last month, the fund had announced an investment of around USD 1 million in Rubix Data Science

Decoded: What are the various types of start-up investors?

You hear about various kinds of fundraising - angel investments, series A, B, C, and more. And then there also are incubators, accelerators, PE-VC investors, etc. How do these differ from one another?

D2C healthy kitchenware startup The Indus Valley raises $1.1 million

The Indus Valley provides alternatives to chemically coated kitchenware products