Page 15 - Startup

HealthAssure raises Rs 50 cr in pre-series B funding led by Dadlani Group

HealthAssure is targeting the massive $ 40 billion OPD and Insurance market in India by 'productizing' the largest HMO ecosystem of primary care

TVS to acquire 48% stake in two-wheeler startup DriveX for Rs 85 cr

TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan's pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand DriveX', through primary and secondary investments. Founded by Formula 1 driver Karthikeyan, DriveX is into leasing of two-wheeler motorcycles and scooters and selling, trading, and distributing pre-owned two-wheeler motorcycles and scooters. "DriveX has a vision to bring a change in this segment by building trust, assurance, and transparency through end-to-end, high-quality products and customer experience through innovative solutions. We are confident of DriveX ability to deliver on this vision," TVS Motor Company Managing Director Sudarshan Venu said in a statement. DriveX Founder and CEO Karthikeyan said DriveX is a digital first business, serving all brands with ...

Zomato-backed Shiprocket raises $33.5 mn, becomes India's 106th unicorn

The logistics technology platform was valued at around $1.2 billion with the fresh round of funding

How a celebrity CEO's rule of fear helped bring down hot startup Zilingo

The story of how globetrotting tech star Ankiti Bose built and lost one of Asia's most vaunted startups

EV firm River gets $11 mn in funding to set up manufacturing plant

Uber and Twitter investor Chris Sacca's fund backs Bengaluru-based company preparing its first electric scooter

Fintech firm Twid raises $12 mn to expand reward points-based service

Company has more than 40 million registered users and it works with 50,000 merchants

Startup style: the smart way of dressing up is to rent your clothes

Lease designer and premium brands from companies that offer attire you can return after wearing for a while

Child, maternity products marketplace Nestery raises Rs 6 cr in funding

Start-up will use the funds to expand team, improve technology and generate original content

Porter completes divestment of Modern Trade business to COGOS Technologies

This move aims at ensuring continuity of the business vertical with COGOS, an enterprise-led business model and strengthening Porter's focus on its core business solutions

DU sets up firm to promote innovation, another in pipeline for funding: VC

"We have set up one company to encourage new startups and innovation in the varsity and we are in search for its CEO. The company will work on incubators and promote innovation," VC Yogesh Singh said

First Cheque closes second fund at Rs 38 cr, plans to invest in 50 startups

First Cheque aims to be the earliest institutional capital available for founders and seeks to achieve this by investing at the pre-seed stage

DRS system launched to incentivise plastic waste disposal at Kedarnath

A Hyderabad-based start-up has launched a unique deposit refund system at Kedarnath in collaboration with the district administration to address the problem of littering

OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek

The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures

Supply chain start-up Wheelocity raises $12 mn to expand business

Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain

StanPlus aiming under-10-minute arrival time for an ambulance in one year

Managing a fleet of close to 3,000 ambulances, StanPlus now claims to dispatch ambulances in under four minutes and reach the patient in under 15 minutes

Insurtech startup Ensuredit raises $4.2 mn from Cover Genius, others

Insurtech startup Ensuredit has raised USD 4.2 million (about Rs 33 crore) in a Pre-Series-A round led by Cover Genius, 9Unicorns, NexStep Discovery, CP Ventures, Venture Catalysts and IPV

Zetwerk buys Pinaka Aerospace to expand defence manufacturing business

Zetwerk has made two other acquisitions and the total value of all three deals is approximately Rs 100 crore

Retail tech firm Arzooo raises $70 mn in Series B led by Japan's SBI group

Existing investors Celesta Capital and 3 Lines VC also participated in this round, along with Trifecta Leaders Fund and Tony Xu, the Founder of Doordash

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

Proptech startup PropShare raises $47 mn from WestBridge Capital, others

Proptech startup PropShare has raised $47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes