Page 20 - Startup

Economic Survey: Delhi dethrones Bengaluru as India's start-up capital

India has 83 unicorns with a total valuation of $277.77 billion, the Survey of 2021-22 says

Airtel buys around 25% equity stake in startup Lavelle Networks

Telecom operator Bharti Airtel on Monday announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks.

Industrial B2B startup Moglix's valuation tops $2.6 bn with $250 mn funding

Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm

Akshay Kumar-backed Social Swag raises $3.5 mn in pre series A round

The round has been led by IMEF and Unicorn India Ventures, which has made its maiden announcement in a content creator economy specialist platform

Lee Fixel's Addition leads $14-mn funding in SaaS startup SuperOps.ai

The funding would enable company to disrupt the stagnant managed service providers market and take on legacy vendors with its newly launched AI-powered PSA-RMM platform

AI-powered digital skills assessment start-up iMocha Raises $14 million

The new funding will be deployed to increase iMocha's skill library selection, reach more global enterprises, and widen its partnership base within the HR Tech ecosystem.

StreamAlive raises $1.53 mn in pre-seed round led by Speciale Invest

Other marquee investors included micro VC funds, founders of private-company software unicorns, MIT professors, CEOs of public firms, and other angel investors and corp execs

Lead start-up, innovation movement: Assam CM Himanta to Gauhati

Assam CM Himanta Biswa Sarma urged Gauhati University to lead a start-up and innovation movement in the state and assured the institute that it will get all support from the government.

MinIO raises $103 mn in Series B funding round, joins the Unicorn list

Investment was led by Intel Capital with participation from new investor SoftBank Vision Fund 2, and existing investors Dell Capital, General Catalyst and Nexus Venture Partners

Health and travel platform Hospals raises $3.5 mn in pre-series A round

The startup has already served over 22,000 patients from 38 countries to get medical advice, teleconsults and surgical treatments across over a hundred hospitals in its network

India's next UPI moment can be Open Network Digital Commerce: Piyush Goyal

ONDC will help the common man get access-new age technology at affordable costs

Oyo founder Ritesh Agarwal's family office funds agritech startup Agrowave

Anu Meena, an IIT Delhi alumni started Agrowave to solve the problem faced by her grandfather and millions of farmers in selling their fresh produce.

Rocketlane raises $18 mn in series A round fund led by 8VC

Firm founded by ex-Freshworks executives; series A has been raised just 7 months after seed

Logistics optimising platform MatchLog raises $3 mn in pre-series-A round

MatchLog claims it is India's first firm to offer at scale the ability to turnaround a container from import to export cycle, thereby eliminating empty runs to and from container yards

SaaS starup Trainn raises $700,000 in seed round led by Speciale Invest

With the infusion of funds, the company plans to expand its team, fuel go-to-market programs, and accelerate product development.

NowPurchase raises $2.4 mn seed from Orios Venture, InfoEdge Ventures

Angel investor Neeraj Arora (ex-WhatsApp global business head & Co-Founder HalloApp) also participated in the round

Pet treat brand Dogsee Chew raises Rs 50 cr in Series-A funding round

Drugmaker Mankind Pharma and existing backer Sixth Sense Ventures participate; recipient is only company to offer 100% vegetarian dog treats

1,000 biz owners to launch Paytm founder-backed social media Pepul on R-Day

Firm plans to raise Rs 200 cr by June for expansion

Flipkart launches Leap Ahead and Leap Innovation Network startup programmes

Designed to cater to startup needs across stages, the two programmes will support enterprises through insights, mentorship and funding, and helping them scale and build disruptive innovations

This decade is being called as 'techade' of India: PM Modi at startup meet

In an interaction with startups, Prime Minister Narendra Modi on Saturday said that this decade is being called as 'techade' of India