Page 24 - Startup

Cred to acquire expense management start-up Happay at $180 mn valuation

Happay is a business expense, payments and travel management platform serving over 6,000 businesses

Urban Company launches free video consultations for appliance repairs

Initiative will enable the consumer to understand exact issue with an accurate diagnosis and cost estimate, leading to instant resolution, all through a video call

Proptech start-up NoBroker enters unicorn club with $210 mn funding

More than 7.5 million properties are already registered on the portal

Medkart raises Rs 40 cr in Series A co-led by Alkemi, Insitor Partners

Having grown from scratch to 75 stores, predominantly in Gujarat, Medkart plans to use the funds for expansion to touch 250 stores by 2023

Global leaders join unicorn Apna to build world's largest job platform

Ropes in Uber's Karna Chokshi as COO. Karthik Manivannan from Mckinsey (UK) and Roshan Agarwal from OYO are others to join

Test prep startup Toppersnote raises $1 mn in seed fund led by IPV

Active in 70-plus exams such as UPSC, GATE, NEET, IIT, SSC and state govt job exams, the firm has over 300,000 aspirants primarily from tier 3 and below towns on its platform

Indian startups received $6.1 billion in funding in Q3CY21: Nasscom report

This is a quarterly fall of about 6%; greater focus towards late stage startups, accounting for over 50% of deal value

Luxury catering firm Foodlink raises $8 mn from Plutus Wealth Mgmt, others

Foodlink, a luxury catering company, on Thursday said it has raised USD 8 million (Rs 59.34 crore) in funding led by Plutus Wealth Management. The Series-B funding round also witnessed the participation of Arpit Khandelwal, Managing Partner, Plutus Wealth Management LLP, Foodlink said in a statement. The Mumbai-based company will use these funds to expand its flagship business of luxury catering across newer geographies in India and overseas to take its luxury banquet brand called JADE Luxury Banquets to more cities. The funding will be used to scale their casual dining restaurant business through its brands, India Bistro, China Bistro & Art of Dum. The company has so far raised USD 23 million, including the current round. It received USD 15 million as part of its Series-A round from OAKS Asset Management in 2017. "We are delighted to have Plutus on board and backing us for this next exciting phase of the Foodlink journey along with OAKS Asset Management, who has been a valuable .

How do dark stores help deliver groceries within 30 minutes?

Indian tech startups are racing towards quick-commerce that targets ambitious buyers in big cities. What is fuelling this need for speed among online grocery startups? Let us understand in this report

Trifecta looking to co-lend to tech startups with banks: Rahul Khanna

In a Q&A, the managing partner of the venture debt firm dwells on the returns generated by the company's earlier funds, among other things

Velocity raises $20 mn in funding round led by Peter Thiel's Valar Ventures

The fintech firm plans to deploy over Rs 1000 crore in India's e-commerce brands

Thrasio model businesses not suitable to India: GlobalBees CEO

In the next three years, the roll-up company is looking to be an umbrella organisation of 100 brands with revenues touching one billion dollars

Flipkart Ventures, Tiger Global-backed G.O.A.T Brand Labs in 11 D2C tie-ups

G.O.A.T Brand Labs, which started a few months back, acquires and scales D2C brands. The current acquisitions are in fashion, beauty-skin care, pets and home-kitchen

Kitchenware brand Wonderchef raises $20 mn from Sixth Sense Ventures

Over the past three years, the company has been developing Wonderchef into a digital-first brand

Tata Steel chooses startup AUS for drone-based solutions across verticals

AUS will use drones to survey Tata Steel mining sites, verify bulk inventory at all 23 locations across multiple Tata Steel entities, monitor progress at Kalinganagar complex

D2C home solutions startup Wakefit raises $28 mn at a valuation of $380 mn

The startup is on track to achieve sales of Rs 700 crore in FY22 despite being impacted by second wave of Covid

Capital A makes first investment in SaaS startup from $25 mn venture fund

The fund plans to invest in 8-10 companies on a yearly basis, with a ticket size of $50,000-500,000

Baby products firm Cradlewise raises $7mn in seed round led by Footwork

The round also had significant participation from CRV and follow-on from existing investors SOSV and Better Capital

Exotel raises $35 mn to expand its cloud customer engagement platform

The customer engagement company is looking to hit an annual recurring revenue of $200 mn over next 5 years and plans to increase its headcount by 200 over next 12 months

magicpin raises $60 million in Series D round led by Zomato

The app currently serves 6 million active users with nearly 25 sessions per user per month, and provides savings on nearly 170,000 merchants across big brands and local retailers