Page 63 - Startups

Ratan Tata backed CashKaro raises $10 mn from investors in Series B funding

The company had previously raised their Series A and angel round of funding from Kalaari Capital, Ratan Tata, and London-based angel investors

'Unshackle AIFs to boost high-growth imperative'

A normalisation of the definition of "capital assets" for Indian AIFs will ensure that they can compete fairly with global capital on home soil

DPIIT working on credit guarantee, seed fund schemes for startups

This scheme would give banks a comfort to lend, he said adding that it was for credit not for venture capital

Increased risks for banks

Changes in priority sector lending should be revisited

Agri-tech startup Aibono raises Rs 15 cr for business growth, expansion

The Bengaluru based firn is an end-to-end aggregator platform that connects premium perishable vegetables from farm to fork

Info Edge founder wants a hat-trick after Zomato, PolicyBazaar success

To pump in money more aggressively, Sanjeev Bikhchandani's company has set up its own alternative investment fund, Info Edge Ventures, for early stage investments

Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

Twitter-backed start-up ShareChat continues with inorganic expansion

Acquires Saif Partners-backed Circle Internet to strengthen hyperlocal content on platform

IT Startup SmarterBiz raises Rs 8 cr from StartupXseed, prominent angels

IT startup SmarterBiz on Thursday said it has raised Rs 8 crore from StartupXseed Ventures and prominent angel investors including former chairman of Microsoft India Bhaskar Pramanik. The funds were raised as a part of pre-series A round. The company plans to use the fund for developing technology and expand its reach, SmarterBiz founder and CEO Rajesh Bernard said in a statement. "We have been profitable for the last 2 financial years. This year we expect to grow 7-8 times with an average revenue rate of Rs 72 crore. The new funds will help us build deeper technology and take on the large demand coming due to COVID-19," Bernard said. Founded in 2014 by Bernard, Vijay Krishna, and Prateek Mehta, the company was funded initially by Utthsihta Yekum Fund. SmarterBiz provides software to help companies reach out to customers at each contact point, be it social media or any other mode, and handle their queries, he said. SmarterBiz claims to be catering to large enterprises including .

IndiaFilings to launch 10,000 start-ups under 'Aatmanirbhar Bharat' mission

The government has streamlined various services and simplified the forms to make same-day incorporation of the company possible in India

Turbostart announces Rs 50-crore Series-II funding round for startups

Business accelerator firm Turbostart on Thursday announced a second series of funding round, 'Cohort II', with a Rs 50-crore corpus for start-ups.

Covid-19 impact: Edtech firm Byju's nears $1-billion revenue milestone

In FY20, the company posted a revenue of Rs 2,800 crore ($370 million), a 100 per cent growth over the previous fiscal.

Startup eBikeGO ropes in cricketer Harbhajan Singh as brand ambassador

Through the association, the company is aiming to build mass appeal, positive voice and widespread adoption for electric mobility, eBikeGO said in a statement.

Flipkart launches startup promotion programme; may invest from its fund

Flipkart Leap will identify business-to-consumer and business-to-business startups and help them scale through an intensive 16-week virtual programme

RBI to set up innovation hub for financial inclusion, efficient banking

The hub aims to bring solutions to the financial sector by tapping into areas such as cybersecurity, data analytics, delivery platforms, and payment services

Edtech 2020's most funded sector, witnesses massive jump in VC investments

Investors say most of the edtech companies are seeing 3-5X rise in free audiences and anywhere 50-100% growth in monthly revenues due to Covid

Lumis Partners' SCL starts six-month programme for supply chain startups

Investment firm Lumis Partners on Thursday said it will run a six-month programme under its Supply Chain Labs (SCL) to handhold and fund startups

Glance in talks with US, Japanese investors to raise $200-250 million

Glance, positioned as a subsidiary of InMobi, has so far raised one round of $45 million from Mithril Capital

Sachin Bansal's Navi app among top three digital lenders in India

Bansal said there is a huge unmet demand for credit and their digital lending platform has done well despite the Covid-19 pandemic

Oil marketing companies invite start-ups to deliver diesel at doorstep

The OMCs - Indian Oil, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation - have invited expressions of interest (EoIs) from start-ups that wish to be enrolled as FuelEnts.