Page 42 - Startups

Honeywell & IISc extend partnership to support 13 new startups, promote R&D

Honeywell Hometown Solutions India Foundation (HHSIF), the philanthropic arm of Honeywell India, and the Society for Innovation and Development (SID) at the Indian Institute of Science (IISc) here have extended their partnership to support 13 new startups to promote research and development (R&D) in deep science and fuel local innovation. HHSIF will provide these startups with seed capital, while SID will offer infrastructure support, access to the right technology, mentoring, and human capital. Startups focused on R&D in deep science solutions were eligible for funding and support under this partnership, HHSIF said in a statement on Monday. Preference was given to startups with founders from marginalised communities or to those working on solutions that have a direct impact on disadvantaged communities, it was stated. Accordingly, startups that have been selected under this round of funding include those working on COVID-19 solutions, developing medical technologies to assist

Testsigma raises $4.6 million in seed funding led by Accel, STRIVE

Testsigma's open-source test automation platform is designed to enable modern software development teams to test and release products quickly, continuously, and at scale.

Decoding the KPI conundrum of new-age companies hitting the public market

Tech start-ups do not reveal important numbers to back their narratives of consumer flywheels and unrelenting growth

PM Modi calls for startup push in rural areas, expansion of women led SHGs

PM Narendra Modi on Wednesday said that financial inclusion has ensured greater participation of women in economic decisions. He also said that women are major pillars of the rural economy.

Online healthcare firm MediBuddy raises $125 mn in Series-C funding

MediBuddy, which recently got actor Amitabh Bachchan as a brand ambassador, is aiming to scale up business

Data centre specialist Princeton Digital raises $500 mln, led by Mubadala

The funding will enable the Princeton Digital to deepen its presence in Japan, India, Singapore.

Ex-Twitter India chief Manish Maheshwari's Invact Metaversity raises $5 mn

Antler India invested in Invact Metaversity alongside other global institutional investors like Arkam Ventures from India, Picus Capital, M Venture Partners, BECO Capital and 2am VC

Kerala to have 15,000 startups, create 200,000 jobs in 5 years: CM Vijayan

Kerala has set a target of having over 15,000 startups and 2,00,000 jobs in emerging technologies in five years, Chief Minister Pinarayi Vijayan said on Saturday.

'SMEs and startups will benefit from India-UAE CEPA', says FICCI

The CEPA signed between India and UAE on Friday will lead to opening doors to new opportunities for trade and investments between two countries and benefit SMEs and startups, FICCI said on Saturday.

Propelld raises $35 mn in Series-B funding led by WestBridge Capital

Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 cr.

Fintech platform Propelld raises $35 mn to boost education finance biz

Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections.

Polygon's $450-mn funding: Is it Flipkart moment for blockchain in India?

The Indian blockchain start-up's massive funding round has many implications for Web3 companies and VCs in the crypto arena

Udaan extends ESOPs to all staff, removes 1-year cliff clause for vesting

All future ESOP allocations at the B2B e-commerce start-up Udaan, will vest every quarter. The one year cliff period is a widely prevalent industry practice for employees' ESOPs to start vesting.

Kenko Health raises $12 mn in Series A funding led by Sequoia Capital

Plans to utilise funds for acquiring customers, product development and building leadership team

Bizongo: B2B e-commerce start-up completes ESOP buyback worth $3.7 mn

Nearly 70 per cent of all eligible former and current employees of Bizongo opted to liquidate their ESOPs

Spinny acquires AI-powered car connectivity solutions' startup, Scouto

Founded by ex-racecar driver Akshay Gupta (CEO) and Shubham Sharma (CTO), Scouto has built an end-to-end connected car technology suite.

Indian AI-SaaS start-ups can create $500 bn of market value by 2030: Report

India's increasing role in the global AI market could create employment for around 4.5 million people, says a study by venture capital firm Stellaris and International Finance Corporation

Logistics start-up Xpressbees raises $300 mn to become 8th unicorn of 2022

There have been four unicorn fundraises this week (including Xpressbees)

Amazon India launches second season of start-up mentoring programme

The Global Selling Propel supports early-stage start-ups in the consumer products space to get into international markets.

Leadership coaching company Peakperformer raises $3mn in seed fund

The funds will be used for new markets, hiring talent and technology development.