Page 28 - Startups In India
KFIN Tech buys 17% stake in Artivatic.ai, gets foot into insurtech space
Plans to raise it further; Artivatic.ai will use funding to broaden product portfolio, explore new business horizons and expand footprint in India and abroad
 "KFIN Tech buys 17% stake in Artivatic.ai, gets foot into insurtech space")
Tech firms, startups gearing up to vaccinate employees after May 1
Healthcare platform PharmEasy says 5 million individuals and 1,200 companies have already made a "soft commitment" to vaccinate themselves and their families
 "Tech firms, startups gearing up to vaccinate employees after May 1")
Startup India Seed Fund scheme will back domestic biz ideas: Piyush Goyal
The minister said often good ideas are bought out by international venture capitalists at throwaway prices
 "Startup India Seed Fund scheme will back domestic biz ideas: Piyush Goyal")
Meet Harsha Bhogle, cricket commentator who doubles up as startup investor
His first bet as an investor on startup Chqbook was made after consulting BigBasket cofounder V S Sudhakar; his second was on fantasy sports platform Fantasy Akhada
 "Meet Harsha Bhogle, cricket commentator who doubles up as startup investor")
The myth and magic of unicorns
According to US-based analytics platform CB Insights' database, out of a total of 642 unicorns around the world, India has 29 as of April 2021
New BIS license: Govt announces 50% rebate for start-ups, others
The government on Tuesday slashed the annual marking fee to get a new BIS license and certification
 "New BIS license: Govt announces 50% rebate for start-ups, others")
Amazon India launches mentor programme for startups, emerging brands
Amazon India on Sunday announced the launch of its 'Mentor Connect' programme, which is aimed at accelerating the growth of startups
 "Amazon India launches mentor programme for startups, emerging brands")
Gupshup becomes sixth unicorn this week, raises $100 mn from Tiger Global
Announcement came shortly after Mohalla Tech, parent firm of short video app Moj and Indic language social media platform ShareChat, said it had raised $502 mn, valuing it over $2.1 billion
 "Gupshup becomes sixth unicorn this week, raises $100 mn from Tiger Global")
ShareChat parent raises fresh funds, becomes fifth unicorn this week
Joins the club with its latest fundraise of $502 million, valuing the company at a little over $2.1 billion
 "ShareChat parent raises fresh funds, becomes fifth unicorn this week")
Groww's valuation shoots past $1 billion with $83 mn Series D funding
Funding round was led by Tiger Global; The company has so far raised a total of $142 million
 "Groww's valuation shoots past $1 billion with $83 mn Series D funding")
NCLT admits insolvency plea against Oyo unit, firm challenges it
OYO founder took to Twitter to clarify on rumours that the hotel aggregator chain had filed for bankruptcy
 "NCLT admits insolvency plea against Oyo unit, firm challenges it")
Trial & error: How India's new unicorn Meesho cracked social commerce code
Born in December 2015, Meesho's goal is simple-to help small businesses get online and sell through social media platforms such as WhatsApp, Facebook and Instagram
 "Trial & error: How India's new unicorn Meesho cracked social commerce code")
AR-based toy startup PlayShifu raises $17 mn in Inventus-led Series B round
Existing investors Chiratae Ventures and Bharat Innovation Fund also participated in the round. With this round, the company has so far raised a little over $25 mn
 "AR-based toy startup PlayShifu raises $17 mn in Inventus-led Series B round")
Oye Rickshaw raises Rs 24 cr from Alteria Capital to expand EV energy infra
Electric vehicle energy solutions firm Oye Rickshaw on Monday said it has raised Rs 24 crore from Alteria Capital to expand smart lithium-ion batteries swapping stations across India
 "Oye Rickshaw raises Rs 24 cr from Alteria Capital to expand EV energy infra")
Cred boss, Unacademy co-founder, others back healthcare startup Onsurity
The startup which began its journey last Feb has on boarded 700 SMEs as healthcare partners
 "Cred boss, Unacademy co-founder, others back healthcare startup Onsurity")
Uniphore raises $140 million as demand for enterprise AI increases
2020 sped up digital imperatives for companies as it put focus directly on AI and automation to drive that transformation of what experts agree is projected to be a $500 bn-plus market opportunity
 "Uniphore raises $140 million as demand for enterprise AI increases")
B2B startup Udaan witnesses huge surge in business across Bharat
Categories such as lifestyle, food and electronics accounted for over 1,350 sellers across the country last year, says Udaan co-founder
 "B2B startup Udaan witnesses huge surge in business across Bharat")
Sebi eases listing norms for startups; alters regulations on delisting
Pre-listing holding period reduced from 2 years to 1 year; open offer trigger relaxed from 26%to 49%
 "Sebi eases listing norms for startups; alters regulations on delisting")
Sebi approves a slew of relaxations to norms to encourage start-up listing
Sebi makes Innovator Growth Platform more accessible to companies in view of the evolving start-up ecosystem
Dukaan simplifies inventory management with Magic Upload
With the new feature, inventory uploading time to reduce by 1/10th of original time for retailers, claims startup
 "Dukaan simplifies inventory management with Magic Upload")
