Page 31 - Startups

Aquaculture startup Aquaconnect raises $15 million to expand business

Aquaconnect, an aquaculture platform, has raised USD 15 million (about Rs 120 crore) from investors to expand its business. The company raised this amount in a Series A funding round led by Lok Capital, with participation from Louis Dreyfus Company Ventures and Suneight Investment. Existing investors also participated in the round. Aquaconnect will use the fund to strengthen its portfolio of scalable solutions that use AI and satellite remote sensing and widen its service offerings in both the pre-harvest and post-harvest aquaculture value chain to input retailers, seafood buyers and other stakeholders, a company statement said. Currently, the company has a network of over 500 rural entrepreneurs, who provide last-mile assistance, serving over 90,000 fish and shrimp farmers. In July last year, Aquaconnect raised USD 4 million in a pre-Series A round. Aquaconnect uses satellite remote sensing and artificial intelligence to enable aquaculture farmers, retailers, and seafood buyers t

Hello Logistics sues Instacart founder Mehta for creating 'copycat' startup

Hello Logistics Inc., which operates under the name NextMed, sued Mehta, his business partner Tejasvi Singh, and their company Cloud Health Systems over allegations of misappropriation of trade secret

VC funds reduce number of deals with start-ups by a fifth in 2022: Study

Total investment in such firms in India stood at $23 bn in 2022, compared to $35 bn in 2021

58% of govt-recognised start-ups centred in 5 states; Maharashtra tops list

Nearly 58 per cent of the government-recognised start-ups are confined to just five states in the country

Quick commerce finds it footing amid funding winter, now needs to scale

The sector has fared well both on the fund raising front and on operational performance

Binny Bansal-backed fashion startup Virgio raises $37mn from Prosus, others

Set up in 2022 by former Myntra CEO Amar Nagaram, Virgio's model uses technology across processes to streamline the entire fashion lifecycle and enable a real-time fashion offering

Satellite imaging start-up GalaxEye Space gets $3.5 mn seed funding

Company says its technology helps in all-weather imaging without atmospheric interference

With focus on efficiency, start-ups scale back ops in major reversal

Many quick commerce firms have scaled back their dark stores (warehouses) in the past few months

Startup funding dips by 35% to $24.7 bn in 2022 YTD: Tracxn report

Late-stage funding fell by 45 per cent from $29.3 billion between January to November 2021 to $16.1 billion for the same period in 2022

J&K to set up incubator for cybersecurity startups to promote industries

Jammu and Kashmir administration is planning to set up a dedicated incubator for cybersecurity-related startups to promote local industries. Under its recently launched Cyber Security Policy, the administration will also outsource relevant research and development projects to the corporate sector. It is also mulling to provide special fiscal and non-fiscal incentives to cybersecurity firms operating in the union territory (UT) according to the prevailing government policies. "The government of J-K shall set up a dedicated incubator for cyber security related startups. The UT shall also develop a venture capital model to provide assistance to first generation entrepreneurs, startups and small and medium-sized enterprises (SMEs) operating and intending to enter in this field (cybersecurity)," the policy document said. Jammu and Kashmir would endeavour to conduct Cyber Security Expos to showcase the advantages of the indigenously developed products by SMEs and Startups, it said. "Thi

Exploring ways to bring policies for supporting startups: TN IT Minister

The Tamil Nadu government is exploring the possibilities of bringing in policies aligned to support startups and overall technology ecosystem, state Minister T Mano Thangaraj said on Wednesday. The Minister for Information Technology and Digital Services said the department was working towards introducing new policies and also engaged in revising existing policies to make it more relevant to the industry. "Tamil Nadu is the SaaS (software as a service) capital of India and we are far ahead of other cities in the country. Madurai for instance saw a 30 per cent digital growth and it is the same for Coimbatore when compared to last year," he said at the 'TechNext 2022 - Future of Tech Web 3.0' organised by Confederation of Indian Industry (CII) here. Thangaraj, on the occasion, also released a report titled 'Metaverse and Web 3.0 opportunities in India - Nurturing Tamil Nadu's growth ambitions through next generation technologies' in association with KPMG. According to the report, Tam

SaaS firm Prismforce raises $13.6 mn in funding for business expansion

The Mumbai-based company enables IT companies to build supply chains, deliver projects

Start-ups to take up nearly 30% of gross office leasing in 2022: Study

Bengaluru leads in terms of space leased by such companies, says JLL report

C4D Partners gets Sebi's nod to launch fund to invest in Indian startups

Netherland-based C4D Partners on Monday said it has received market regulator Sebi's approval to launch its USD 50 million (about Rs 408 crore) fund for investments in Indian startups. C4D Partners had its first close of USD 30.3 million in 2018 for its Asia Fund. "The company has recently received the nod from the Securities Exchange Board of India (Sebi) for its debut India fund worth USD 50 million and expects to achieve the first close of the fund by the mid of next year," C4D Partners said in a statement. With the launch of the C4D Bharat Shubharambh Fund, C4D Partners will continue to focus on sustainable business models with solid ESG (environment, social, and governance) scoring, it added. "Through our first fund, we have invested in financial inclusion, Agri-processing, education and skilling, waste management and last-mile delivery. We will continue to focus on these sectors and any other industry with a substantial impact on India's marginalised communities and rural ...

SaaS platform Biz2X says it plans to hire 250 people by 2023 in India

Focus is to retain the right talent keeping in perspective the layoffs happening in the start-up ecosystem, says senior VP Anupama Garg

I advise start-ups to think beyond the possible: ARM Holdings former CEO

"You need to look at where your biggest opportunities are and invent your own unique business model that capitalises on your strengths," says Sir Robin Saxby

Telangana CM KCR hails startups for making history in space sector

Chief Minister K. Chandrashekhar Rao expressed happiness over successfully placing into the space orbit the two Nano satellites launched from Sriharikota by Telangana-based Dhruva Space Tech

Race for space: Funding for space start-ups skyrockets 61 per cent in 2022

Funding to private players soars to $108.52 million compared to $67.2 million in 2021

Space for start-ups

A Nasa-like PPP policy could make India an aerospace powerhouse

Start-up Odisha growth fund gets Rs 1,000 cr commitment, disbursal in 5 yrs

Flags off Hall of Fame 2.0 with TiE Bhubaneswar