Page 31 - Startups In India

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

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

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

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

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 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

Dream11 parent touches $5-bn valuation after $400-mn secondary fund raise

This is the largest investment in the Indian sports tech ecosystem to date

Startup Voiro raises $1.8 mn in investment round led by Mela Ventures

This is Mela Ventures' third investment since its first close of the fund in August 2020

IPV leads seed round in FMCG startup Happy Jars

The startup currently has a turnover of Rs 2 cr in the Rs 250-crore market

D2C fashion brand Bewakoof raises Rs 30 cr from IvyCap Ventures

Direct-to-consumer (D2C) fashion brand Bewakoof on Thursday said it has raised Rs 30 crore from IvyCap Ventures. The fresh proceeds would help the company in the growth journey towards a Rs 1,000 crore company by financial year 2024, it said. "Bewakoof has raised Rs 30 crore from IvyCap Ventures Trust Fund II. The fresh infusion has come 10 months after their previous fundraise. Last year, Bewakoof had raised Rs 8 crore in May 2020 after raising from Investcorp in October 2019," the company said in a statement. Bewakoof intends to invest the funds in enhancing customer experience, technology and newer product categories as it prepares for the next phase of growth. Founded in 2012, Bewakoof claims to have registered revenue of over Rs 200 crore in financial year 2019. Due to the pandemic, the company expects revenue to be 30-35 per cent lower than pre-COVID numbers, but with better unit economics than the previous year. Bewakoof is backed by institutional investors like Investcorp

Cashify announces ESOP buyback plan worth $1 million for employees

Cashify is a re-commerce marketplace that sells and buys used electronic gadgets