Page 60 - Startups
Agritech start-up Ergos receives Rs 22.5 crore from UK's CDC Group
Agritech start-up Ergos on Wednesday said it has received Rs 22.5 crore (USD 3 million) from the UK's CDC Group as the closure to its Series-A round, which constituted Rs 81 crore (USD 11 million).
 "Agritech start-up Ergos receives Rs 22.5 crore from UK's CDC Group")
CoinSwitch Kuber raises $15 mn in funding from Ribbit Capital, Paradigm
CoinSwitch Kuber, a cryptocurrency investment platform, on Wednesday said it has raised 15 million in funding, led by Ribbit Capital and San-Francisco based crypto focused investment firm Paradigm
 "CoinSwitch Kuber raises $15 mn in funding from Ribbit Capital, Paradigm")
Byju's in talks to buy Aakash Educational Services for $700 million
New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India
 "Byju's in talks to buy Aakash Educational Services for $700 million")
IoT-enabled devices are proving handy in cutting water wastage on farms
IoT-based technology is also coming handy in making farm management easier, especially for urban farmers who, unable to maintain their farmland on their own, leave it to farmers in rural areas
 "IoT-enabled devices are proving handy in cutting water wastage on farms")
Sequoia-backed Rebel Foods eyes global expansion of cloud kitchens
Raising funds to become next unicorn
 "Sequoia-backed Rebel Foods eyes global expansion of cloud kitchens")
Food-grocery marketplace Jumbotail completes $25 million fundraise
Tech startups including Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years
 "Food-grocery marketplace Jumbotail completes $25 million fundraise")
India added 1,600 tech start-up, 12 unicorns in 2020: Nasscom report
Depending on headwinds, 2021 promises to be a positive year for Indian tech start-ups - marching steadily towards a trillion-dollar digital economy goal
 "India added 1,600 tech start-up, 12 unicorns in 2020: Nasscom report")
The long-term growth opportunity 2021 presents
The digital super cycle will encompass progress in all areas and will accelerate further on advancements in machine learning and artificial intelligence
IPO street: From Zomato to InMobi, 2021 could be the year of start-ups
The country has realised the potential of start-ups that have disrupted traditional businesses (or ways of doing business) and have garnered large market share, across segments
 "IPO street: From Zomato to InMobi, 2021 could be the year of start-ups")
Samsung to support 21 homegrown startups' participation at CES 2021
Samsung said it will support 21 homegrown startups' participation in the world's largest tech expo CES 2021 next week as the company vows to bolster its startup incubator programmes
 "Samsung to support 21 homegrown startups' participation at CES 2021")
Udaan bounces back after Covid-19 doldrums; in talks to raise $150-200 mn
Udaan has products across categories such as lifestyle, electronics, home and kitchen
 "Udaan bounces back after Covid-19 doldrums; in talks to raise $150-200 mn")
Beauty start-up Nykaa listing likely this year at $3-bn value: Report
Deliberations are ongoing and details of the offering including the size and timeline could change
 "Beauty start-up Nykaa listing likely this year at $3-bn value: Report")
Indonesia's Gojek, Tokopedia in advanced $18 billion merger talks: Report
Gojek is now a one-stop shop for a multitude of services whereas Tokopedia is a marketplace which, unlike rivals such as Bukalapak, does not hold its own inventory
 "Indonesia's Gojek, Tokopedia in advanced $18 billion merger talks: Report")
Urban Company's FY20 loss widens to Rs 155 cr, revenue doubles to Rs 263 cr
Urban Company saw its consolidated losses widen to Rs 155.17 crore in financial year 2020 on account of higher expenditure
 "Urban Company's FY20 loss widens to Rs 155 cr, revenue doubles to Rs 263 cr")
Today's Indian start-ups are tomorrow's MNCs: Prime Minister Modi
The Indian start-ups of today are the Multinational Corporations of tomorrow that can go a long way in achieving the goal of 'Atmanirbhar Bharat', the PM said
 "Today's Indian start-ups are tomorrow's MNCs: Prime Minister Modi")
Amazon signs deal to acquire podcast production firm Wondery
Amazon recently revealed that it has signed a deal to acquire podcast startup Wondery
 "Amazon signs deal to acquire podcast production firm Wondery")
The Year That Was: How startups survived 2020 with resilience, pivots, hope
In the startup world, the Covid-19 pandemic was an eye-opener. The highly funded and well-paying startups were in fact the first to let go of their employees
 "The Year That Was: How startups survived 2020 with resilience, pivots, hope")
Co-working player Smartworks to add 3 million sq ft office space in FY22
Several projects already under discussion, firm is also offering clients option to downsize or upsize across the geographies they operate in
 "Co-working player Smartworks to add 3 million sq ft office space in FY22")
E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom
Massive beneficiary of the covid situation has been the startups which are growing rapidly on the back of digital adoption, which is witnessing an acceleration worth multiple years in just few months
 "E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom")
InMobi Group: This Make-in-India innovator is raring to go places
Glance, the home-grown firm's newest business, has just received major funding from an unexpected source - Google - vaulting the 18 month-old-unit to Unicorn status
 "InMobi Group: This Make-in-India innovator is raring to go places")