Page 29 - Startups In India

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

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

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

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

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

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

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

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

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

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

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

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

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

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