Page 31 - Startup

Fintech lending startup KreditBee raises $75 mn in Series C equity round

Bengaluru-headquartered fintech lending startup KreditBee has concluded its Series C equity round worth USD 75 million from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment. "With a larger portfolio of loan products, our objective is to provide credit to over 180 million new-to-credit customers who were not provided formal credit earlier. This investment would help us take more positive steps towards achieving that," Co-Founder & CEO of KreditBee Madhusudan E said. The holding entity has previously raised over USD 43 million cumulatively in equity from investors including ICICI Bank and Arkam Ventures, it noted in a statement on Monday. Registered in March 2016, the group entity also holds Krazybee Services Private Limited, Systemically important non-deposit taking non-banking financial company (NBFC-ND-SI) registered with the Reserve Bank of India since May 2017. The group ...

Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021

IAN has invested in start-ups like FarEye, Fab Alley, HungryZone, Staqu etc. In 2020, IAN exited 3-4 companies after registering 15 times growth on the invested capital

Gaming startup MPL set to become next unicorn after $95 mn fundraise

The coronavirus pandemic-induced lockdown in 2020 has provided a fillip to an already-booming esports industry in India and the world.

Hyundai invests in startup UVeye for automated vehicle inspection system

The Tel Aviv-based UVeye said it has raised more than $40 million from Hyundai Motor and other strategic investors since its launch four years ago

Robotic packers, AI that reads buyer emotions: Flipkart nurtures startups

The pandemic has not only accelerated a shift to e-commerce but has also spawned startups that are building solutions relevant for the new normal, attracting the attention of big online retailers

Agritech firm DeHaat raises $30 million to fund its expansion plan

Agritech firm DeHaat on Tuesday said it has raised USD 30 million (around Rs 220 crore) from various investors to fund its expansion plan and strengthen technology platform. The company raised USD 30 million in Series C funding, led by Prosus Ventures (formerly Naspers Ventures). RTP Global co-invested in the round with participation from existing investors, Sequoia India, FMO, Omnivore & AgFunder, the company said in a statement. "The recent investment from marquee investors like Prosus Ventures, RTP Global and others is a strong validation of our goal to become the world's largest farmer aggregator and will help us scale up in both size and scope," Shashank Kumar, Co-Founder & CEO, DeHaat said. Based in Gurgaon and Patna, DeHaat was founded in 2012 by Amrendra Singh, Shyam Sundar, Adarsh Srivastav and Shashank Kumar. The company is a technology-based business to farmers (B2F) platform that offers full-stack agricultural services to farmers, including distribution of ...

PM Modi announces Rs 1,000 cr startup fund to push growth of tech ventures

For the next five years India, which is in a technology race with China, has a mission for its startups and unicorns to emerge as global giants and lead in futuristic technologies

Banking on Budget: Hope and reforms amid pandemic and fiscal deficit

The government has taken laudable steps to support and propel the economy in these difficult times, but a lot more still needs to be done, writes Vikas Vasal

SucSEED Indovation announces first closure of maiden Rs 100 cr fund

Indovation Fund has identified three startups Stargate, Auris, and Freestand for investment and has signed term sheets

IBM to buy European cloud startup Nordcloud, sees $1 trn market opportunity

Since taking office in April, Chief Executive Officer Arvind Krishna has acquired at least five startups from the hybrid cloud space.

Indian edtech startups see investment of $2.22 bn in 2020, shows data

Byju's and Unacademy have raised the most capital, $2.32 billion and $354 mllion, respectively, in 2020

Startup builds tech to do Covid-19 sero survey of 10 mn samples in 7 days

The Delhi-based company has partnered with state-run ITI to host its data and also done a proof of concept with the public sector firm

New Microsoft programme to nurture health tech startups in India

Microsoft launched a dedicated programme to help healthtech startups flourish in India, as the pandemic impacts every aspect of the healthcare system in the country

BharatAgri raises $2 million from 021 Capital, India Quotient, others

Pune-based startup BharatAgri on Wednesday said it has raised $2 million from a clutch of investors, including Binny Bansal-backed 021 Capital and India Quotient, for expansion

Former Tesla CIO Jay Vijayan's start-up Tekion joins unicorn club

The company raised $150 million at a valuation of over $1 billion in a round led by Advent International

Six Indian startups that beat the pandemic to become unicorns this year

Three unicorns have emerged in fintech space and one each in software, edtech and beauty space. A unicorn is a privately held startup that is valued at $1 billion or more

Ergos raises Rs 38.5 crore from Chiratae Ventures, Aavishkaar Capital

Agri-tech start up Ergos Business Solutions on Wednesday said it has raised Rs 38.5 crore in Series A round with fresh investment from Chiratae Ventures and Aavishkaar Capital

'We were fortunate on timing': 28-year-old who just became a billionaire

"Our goal is you'll be driving down the highway and the trucks you see will have Hyliion powertrains," says Thomas Healy

Clover Health to go public via $3.7 billion deal with Social Capital

The combined cash-and-stock deal includes a $100 million investment from venture capitalist Chamath Palihapitiya and $50 million from Hedosophia

Rajnath launches startup challenge to find ideas on 11 defence issues

Defence Minister Rajnath Singh on Tuesday launched a startup contest under which innovators, MSMEs and startups have to find new ideas applicable to 11 specific challenges of the Indian defence sector