Page 38 - Start-ups

Despite IPO rush, unicorns chase global direct listing for higher valuation

Indian laws permit listing on international bourses through indirect listing of equity shares through the American Depository Receipt/Global Depository receipts (ADR/GDR)

Sebi notifies relaxed sweat equity rules for new-age technology firms

Markets regulator Sebi has given relaxations on the quantum of sweat equity that can be issued by new-age technology companies listed on the Innovators Growth Platform

Electric vehicle start-ups hunt for low-cost roads to mass production

A few have found investors willing to hand over billions to fund their journey

Rage Coffee raises $5 mn in Series A round led by Sixth Sense Ventures

Rage is disrupting the core instant coffee segment by launching flavored instant coffee (Mocha mint, Irish hazelnut, Dark chocolate, etc) along with products such as roast coffee, and cold brew coffee

5-month-old UpScalio discloses fundraise of $42.5 mn in Series A round

The funding round was led by Presight Capital and an undisclosed global hedge fund, with participation from Heliad Equity Partners, MPGI, 468 Capital and Whiteboard Capital

National start-up council meet: Translation system, maps on agenda

The proposal is to allow apps with over 20 million users to be able to use this system for their user base

LIC, EPFO keen to set up fund for startups, says DPIIT official

LIC and EPFO have expressed their willingness to set up funds for startups to help budding entrepreneurs, a senior official said on Monday

Bharti-backed OneWeb raises $330mn from South Korea's Hanwha Systems

Hanwha brings further defence capabilities and the latest antenna technologies to OneWeb

VerSe Innovation raises $450 mn in Series I funding from global investors

VerSe Innovation's proprietary technology platform serves one out of every two internet users in the country

Can new guidelines on drone operations lift India's drone start-ups?

India has fewer start-ups in the drone technology space than the US and China; it also lags most other economies in funding

Startup Wiz Freight gets $3.5 mn in seed funding from Axilor, others

Digital freight management platform Wiz Freight has raised USD 3.5 million (about Rs 26 crore) in seed funding led by Axilor.

Credgenics raises $25mn in series-A funding, hits valuation of $ 100 mn

The financing round was led by Westbridge Capital and Tanglin Venture Partners

Upgrad in unicorn club with $1.2 bn valuation as IIFL on-boards with $25 mn

Online education platform Upgrad has raised its third external funding of $25 million from the IIFL Group, helping the re/up-skilling company join the unicorn club with a valuation of $1.2 billion

Parliament passes LLP Amendment Bill to boost start-ups, ease of business

Lok Sabha Monday passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost the ease of doing business, amid uproar by the Opposition

toothsi raises $20 mn in Series B funding round led by Eight Roads Ventures

The company had earlier raised $5 million as part of its Series A funding in January this year

Airtel unveils solution for digital connectivity needs of small businesses

Bharti Airtel announced the Office Internet, a solution for emerging digital connectivity needs of small businesses, SOHOs and early stage tech start-ups

Edtech startup Skill-Lync raises $17.5 mn in funding led by Iron Pillar

Company say it has collaborated with over 800 industry experts for creating course content.

Edtech start-up Skill-Lync raises $17.5 million in series A financing

Engineering focused edtech start-up Skill-Lync has raisedUSD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India. Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement. In addition,Binny Bansal (Co-founder of Flipkart),Sai Krishnamurthy (ex-Flipkart;Co-founder of Xto10X)and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors. Skill-Lync said it provides"job leading industry- relevant"coursesin themechanical, electrical,civiland computer science engineering domains forstudents in India and other parts of the world. "Interdisciplinary and job-orientedcoursesin topicssuch as Electric Vehicle Design, Embedded Systems design, Autonomous Vehicle,Renewable Energy, Full-Stack Development, Data Analytics and Construction Project Management,ensure the alignment of the engineering talent pool with the needs of these industries,

Gupshup raises additional $240 mn to expand global footprint

The new funding round follows the $100 million raise from US-based investment firm Tiger Global in April at a $1.4 billion valuation.

When Iron Man backed agri start-up ClimateAi to fight climate change

ClimateAi was co-founded in 2015 by Himanshu Gupta, a former climate and energy expert with the Niti Aayog, along with Max Evans, a machine learning expert with a farming lineage