Page 24 - Startup

Google's parent company launches AI-driven drug discovery start-up

Google's parent company Alphabet has launched a new company that aims to use artificial intelligence for drug discovery,

Faze Technologies raises $17.4 mn in seed round led by Tiger Global

Coatue, Sequoia Capital India, Samsung Next among other participants

Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue

Primary issue will be of Rs 5,000 crore, which the company will raise via public issue; OFS by existing investors will be Rs 2,460 crore

Neobanking startup Fi raises $50 mn in funding, valuation jumps 7 times

B Capital Group, Falcon Edge and others participated in the Series B funding round that valued Fi at $315 million

Vanity Wagon raises Rs 5.5 cr in pre-series A round led by Inflection Point

Firm is a one-stop clean beauty marketplace focused on non-toxic products; has completed 50,000 orders since inception and currently serves 130,000 online visitors a month

Bus ticketing startup Chalo acquires Covid-hit Shuttl in all-cash deal

Chalo and Shuttl have a presence in 33 cities across 12 Indian states including Delhi NCR, Karnataka, Kerala and others

Space tech startup Dhruva raises Rs 22 cr to launch satellite solutions

The firm is gearing up to launch new offerings like Satellite as a Service, Space-Grade Solar Arrays and Ground Station Solutions, both nationally and globally

Teachmint raises $78mn in Series B led by Rocketship.vc and Vulcan Capital

New round brings firm's total raise to $118 mn. Funds will be used to strengthen Teachmint's proprietary classroom tech and for global expansion

EduTech startup HomeSkul launches afterschool e-learning App

EduTech startup HomeSkul has launched the first home-grown afterschool e-learning app which provides AI and Augmented Reality (AR) -powered personalised learning experience for students.

Indian startup funding crosses $10 bn in Q3, first time in any quarter: PwC

The fund raise was twice the amount of funding received in Q3CY20 and an increase of 41% over the Q2CY21 figure

Edtech startup Creative Galileo raises $2.5 mn in seed funding

The round was led by Kalaari Capital with an investment of $2.1 mn and remaining from well-known angels, such as Harish Bahl, Shashin Shah, Jinesh Patel, Atul Nishar, Ashwin Puri and Giridhar Malpani.

F5 raises Rs 5 cr in pre-series A funding round led by Auxano Capital

F5 is building a hyper-local ecosystem around the daily workplace needs of the consumer

Shift Freight plans to raise $20-30 mn by next fiscal; dilute 10-15% stake

The Noida-based startup currently has presence across 25 cities and carries out around 70 movements per day with majority of them being inter-city.

Meat startup Licious becomes first Indian D2C unicorn with $52 mn fundraise

Licious has successfully delivered to more than 2 million unique customers to date

Live video startup 100ms raises $4.5mn in seed round led by Accel

100ms provides infrastructure that allows companies to add Zoom-style video conferencing inside their apps.

Tekion raises $250mn in Series D funding round; valuation nearly triples

The round was led by Alkeon Capital and co-led by Durable Capital. Other investors include Hyundai Motor and several reputable dealer groups across the US

Bengaluru startup offers three-day work week to attract tech talent

Fintech company Slice is offering new hires a three-day week with salary at 80% of the going market rate

The Fuel Delivery plans to raise $4-5 million via Series-A funding

The Fuel Delivery is looking to raise $4-5 million through Series-A funding to expand the business to newer markets.

Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla

The health insurer has grown significantly, insuring over 50,000 members across 150 firms in the past 12 months and growing 50% month-over-month amid the pandemic

Sebi ruling on DVR cheers startups, but can it stop international listings?

Sebi has said that promoters/founders who have net worth of Rs 1,000 crore can now have superior voting rights