Page 2 - Startup

Intangles raises $30 mn in funding led by Avataar Venture Partners

Predictive AI start-up Intangles has raised USD 30 million (about Rs 266 crore) in a funding round led by Avataar Venture Partners, the company said on Tuesday. The Pune-based firm received follow-on investments from Baring India Private Equity and Cactus Partners in the funding round. "Intangles, a global leader in physics-enabled Predictive AI...announced the close of its Series B round, securing USD 30 million in growth funding led by Avataar Venture Partners, along with follow-on investments from Baring India Private Equity and Cactus Partners, reaffirming long-term conviction in Intangles' technology platform," the company said in a statement. Intangles claims to have developed the world's first AI platform for vehicles called Inroute. The company said that its digital twin technology makes Intangles the only player globally with the capability to warn fleet owners of impending vehicle failures with the exact causes, up to a month in advance, with around 95 per cent ...

As battleground tactics shift, startup Unmannd bets on autonomous drones

Company develops AI-powered platforms as recent conflicts expose vulnerabilities of traditional defence systems to drone swarms

UAE firms keen to invest in Indian infra, banking, startups: Piyush Goyal

The UAE companies are looking at multiple sectors, such as infrastructure, data centres, banking, startups and logistics, in India to increase their investments, Commerce and Industry Minister Piyush Goyal said on Friday. He said that the two countries have reset their targets and are actively working to increase investments rapidly in different sectors, and enhance collaborations in areas such as renewable energy, shipbuilding, retail, and pharmaceuticals. Infrastructure is one of the major sectors where they (UAE) can see huge potential. There was a lot of interest in the banking sector and startups. The interest of potential investors is also in the logistics ecosystem in India and green energy. The UAE is keen to look at investments, Goyal told reporters here. The minister was here for the 13th India-UAE High-Level Joint Task Force on Investments. The two-day visit concluded on September 19. He was leading a 75-member business delegation. There are many ways through which India

AI Startup SixSense raises funding to help chip factories boost production

Backed by Peak XV's Surge, the company helps semiconductor makers like GlobalFoundries and JCET boost output using real-time AI insights

AI startup Perplexity secures $100 mn funding, hits $18 billion valuation

The deal is an extension of a previous round from a few months ago that valued the company at $14 billion - investments that underscore the Silicon Valley rush to back the top AI startups

QpiAI raises $32 million from Avataar, NQM to build quantum computers

Bengaluru-based QpiAI raises $32 million to build utility-scale quantum systems as India pushes ahead in emerging technologies through public and private backing

Trupeer raises $3 mn to automate video production for software teams

Backed by RTP Global and Salesforce Ventures, Trupeer uses AI to turn screen recordings into polished demos, helping teams scale content without video skills

Zee Entertainment partners Ideabaaz Tech to launch startup show

Zee and Ideabaaz Tech launch 'Ideabaaz', a startup show to discover and fund entrepreneurs from tier II and III cities, with global broadcast reach via Zee TV and ZEE5

Training, secure supply chains key to success of circular startups: Report

Good training and mentoring, helpful government policies and keeping supply chain data secure are among key factors that help "circular startups" succeed, according to a report by Indian Institute of Management (IIM), Lucknow. Circular startups are businesses that are designed from the start to reduce waste, reuse materials, and make efficient use of natural resources, rather than the traditional "take-make-dispose" model. The research published in the Business Strategy and Environment journal offers insights into the key factors that help such startups succeed. According to Suresh Jakhar, Professor, Operations and Supply Chain Management, with rising global temperature and fast-depleting natural resources, this study offers insights into circular models that have become critically important. Projections show that global usage of natural resources is expected to double by 2050, posing serious environmental and economic risks. "The Circular Economy (CE) and Industry 4.0 (I4.0) ha

Attractive listing: Sebi eases IPO, delisting norms for startups, PSUs

The clarifications regarding the issuance of employee stock ownership plans (Esops) in startups have brought relief to founders

Gurugram-based Darwix AI raises $1.5 million to scale product, global reach

Darwix AI has raised USD 1.5 million (about Rs 13 crore) in funding from Rebalance, IPV, JITO Incubation and Innovation Foundation, Growth Sense, and angel investors. The Gurugram-headquartered firm looks to deploy the fresh funds towards product development, hiring, and market expansion, according to a company statement. "Our goal is to offer a unified, generative AI stack that not only understands but also elevates every customer interaction with actionable intelligence and automation. This fundraise gives us the fuel to double down on product innovation and expand our US footprint," Ajay Sethi, Co-founder of Darwix AI, said. *** Saswat Finance raised USD 2.6 million * Fintech platform Saswat Finance has raised USD 2.6 million (about Rs 22 crore) in a pre-series A funding round led by Ankur Capital. The Mumbai-headquartered firm will use the capital to expand its tech capabilities, add new financial products to the platform, and scale operations across Maharashtra, Karnataka,

Zepto scales fresh supply chain, sells 22 lakh units daily in May

Zepto quadruples daily fresh produce sales to 22.1 lakh units in May by sourcing directly from farmers via 70+ hubs and using tech to optimise procurement and delivery

Operator-led startups outpace peers in funding speed and deal size

A Tracxn report commissioned by RTP Global finds operator-led startups outperform others in funding speed, size and Seed-stage success across 2022-24 in India

Stride Ventures lends Rs 85 crore to Wow! Momo for national expansion

Backed by strong unit economics and omnichannel momentum, Wow! Momo plans to enter 100+ cities and scale its store network to over 1,500 in the next three years

With an eye on IPO, 5 startups in process of reverse-flipping: Bay Capital

Metrics such as customer acquisition cost (CAC), lifetime value (LTV) and retention rates are now well understood, making it easier for startups to communicate their value propositions

EaseMyTrip 2.0 to back high-growth travel, mobility, and niche start-ups

Travel tech platform EaseMyTrip on Monday announced the launch of its "next phase of growth", saying the company will invest in high-potential, scalable businesses while expanding its footprint into new and emerging verticals. Titled EaseMyTrip 2.0, the company said the initiative marks a major strategic pivot whereby it will acquire up to 49 per cent equity in selected businesses. The sectors targeted for strategic investment cover both core and adjacent areas where EaseMyTrip sees strong growth potential. In the travel domain, the company is looking to partner with businesses involved in domestic and international holidays, religious and spiritual tourism, student and education travel, MICE (Meetings, Incentives, Conferences, Exhibitions), luxury travel experiences, chartered flights, air ambulance services, and last-mile mobility, including airport transfers and intercity cab services. In addition, EaseMyTrip 2.0 will explore adjacent verticals that complement its core travel ..

Quadria closes $1.07 bn healthcare fund, seeks growth in India and S Asia

Singapore-based company says it has largest dedicated healthcare PE fund for South and Southeast Asia

Flipkart VP Ashish Vijayvergiya to launch new startup within company fold

Flipkart's Ashish Vijayvergiya to lead a new internal venture, following the model of earlier in-house startups like PhonePe and super.money

Startups, MSMEs filed 310% more patents in past 5 years: Official

Patent filings by startups and MSMEs have increased by 310 per cent in the last 5 years from 1,492 in 2018-19 to 6,120 in 2023-24, an official said on Thursday. N Ramchander, Joint Controller, Controller General of Patents, Designs and Trademarks, further shared that in about three years over 2.4 million students and faculty across India have been educated about IP rights through the National Intellectual Property Awareness Mission launched in 2021. Addressing an event organised by ASSOCHAM, he informed that the filing of patent applications in India has surged by 116 per cent rising from 42,763 in 2014-15 to 92,172 in 2023-24. "Patent grants have been an even more remarkable increase of 1,624 per cent, jumping from 5,978 in 2014-15 to 103,057 in 2023-24. India has seen biggest change in resident and non-resident distribution over past 10 years with the share of resident filling increasing from 24.8 per cent in 2013 to 60 per cent in 2024," said N Ramchander. India's IPR policy has

Recognised startups spared Section 68 scrutiny, others under watch: CBDT

The clarification comes amid income-tax notices issued to startups for foreign funding routed via Singapore