Page 27 - Startups In India

Kazam raises Rs 7 cr in seed round led by Inflection Point Ventures

In a short span of 5 months, Kazam has built the hardware & software tech for affordable and smart EV charging infrastructure

CommerceIQ raises $60 million from Insight Partners, others

The startup will be using the funds for international expansion and product research and development

Smart city player Quantela raises $40 mn growth capital from Digital Alpha

Bags the first outcome based project from Kerala government in India

India's unicorn tally touches 50, MindTickle the latest entrant

Industry experts have been saying that the Indian unicorn list is expected to only rise as fund houses with access to liquidity are looking at avenues for investment.

Tiger Global, Sequoia lead $25 mn round in financing startup Progcap

Founded by Pallavi Shrivastava and Himanshu Chandra, Progcap has over 300,000 retailers across 50 corporates and has disbursed over Rs 1,500 crore of loans so far

Home fitness startup Portl raises undisclosed amount from Kalaari Capital

Company say it has developed proprietary tool for personalised workouts, nutrition advice.

Dodla Dairy IPO gets subscribed 45x on Day 3, KIMS 3.8x

Dodla Dairy had priced its IPO between Rs 421-428 per share, while KIMS had priced its between Rs 815 to Rs. 825 per equity share. Both IPOs close on Friday.

Dodla Dairy IPO subscribed 3.3 times on Day-2; KIMS offer mops up 56%

Both IPOs close on Friday (tomorrow)

Tiger Global-backed Apna to expand operations, double headcount by year end

Considered to be the LinkedIn for gig workers, the platform already has 10 million users including delivery riders, sales persons, salon workers, drivers, others.

Online education firm Cuemath eyes new funding, $1 billion valuation

Indian online education platform Cuemath plans to raise at least $100 million in a new financing round this year, its chief executive said

Cult.fit forays into hardware, acquires fitness equipment startup Tread

Company to set up fitness equipment vertical, sell smart workout bikes in India market

Taxation of startup exits needs a revisit: 3one4 Capital's Pranav Pai

The taxation policy disincentivises Indian capital from investing in local startups in two ways

As many as 50,000 startups recognised by DPIIT: Commerce Ministry

As many as 50,000 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) till date, an official statement said on Thursday.

Urban Company crosses $2.1 bn valuation, plans international expansion

Home services startup plans to go to 100 more Indian cities after raising $255 million in funding

FanCode raises $50 mn from Dream Sports, plans 100 million user base

The company said it has live-streamed nearly 30,000 hours of sports content and aims to have a user base of 100 million in a year

Stride Ventures announces new fund, targets corpus of up to Rs 1,875 crore

Investment firm Stride Ventures on Tuesday announced a debt fund for Indian startups with corpus that can go up to Rs 1,875 crore

Complied with new intermediary norms ahead of time: Koo

Homegrown microblogging platform Koo on Saturday said it has met the compliance requirements of the new guidelines for digital platforms ahead of the stipulated deadline later this month. On February 25, the government had announced tighter regulations for social media firms like Facebook and Twitter, requiring them to remove any content flagged by authorities within 36 hours and setting up a complaint redressal mechanism with an officer being based in the country. The government had set 50 lakh registered users as the threshold for defining 'significant social media intermediary', which will have to adhere to additional obligations and compliance under the new IT rules that seek to crack down on misuse of social media platforms. Announcing the guidelines in February, it had said the new rules take effect immediately, while significant social media providers (based on number of users) will get three months before they need to start complying. In a statement on Saturday, Koo said it

Softbank-backed Oyo seeks $600-million loan amid virus surge: Report

Funds sought by hotel startup to bolster balance sheet, service older loans

Hyderabad based startup Skyroot Aerospace raises $11 mn Series A funding

Skyroot Aerospace on Thursday said it raised $11 million Series A funding from investors led by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli

Myelin Foundry raises pre-series A funding of $1 million from Japanese VC

The new round will be used to consolidate Myelin's products in the India video streaming market, and to expand into international markets