Page 18 - Company - Start-ups - News
Motherson participates in EV charging start-up Exponent's $5 mn fundraise
YourNest VC, 3one4 Capital & AdvantEdge VC doubled down on their earlier investment within 8 months
 "Motherson participates in EV charging start-up Exponent's $5 mn fundraise")
Antler India to invest a third of corpus in Web3, blockchain start-ups
The VC firm will look to make the investments at ticket sizes of $250,000 and above.
Farm e-commerce start-up AgroStar raises $70 mn in Series D from Hero, CDC
The company has over 5 million farmers on its platform across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, and Uttar Pradesh
 "Farm e-commerce start-up AgroStar raises $70 mn in Series D from Hero, CDC")
MoEngage raises additional $30 mn funding in round led by Steadview Capital
Series D funding at twice the valuation from its earlier Series C1 of $32.5 million in July
 "MoEngage raises additional $30 mn funding in round led by Steadview Capital")
Spinny enters unicorn club with $283 mn fundraise at $1.8 bn valuation
The latest round includes a primary capital infusion of $250 million and a secondary sale of $33 million by angels and a few seed stage investors
 "Spinny enters unicorn club with $283 mn fundraise at $1.8 bn valuation")
Punit Soni-led healthcare AI firm Suki raises $55 mn in Series C round
Funding led by led by March Capital, with support from Philips Ventures and all previous investors including Venrock, Flare Capital, Breyer Capital, and inHealth Ventures
 "Punit Soni-led healthcare AI firm Suki raises $55 mn in Series C round")
With regulatory nods, Niramai's AI/ML-based breast cancer test to go global
Company's solution has been used to conduct over 43,000 screenings in India so far. Niramai's breast cancer test comes at a 20th of the cost of a typical mammography test and detects 20% more cases
 "With regulatory nods, Niramai's AI/ML-based breast cancer test to go global")
Agritech startup AgroStar raises $70 million from investors for expansion
Agritech startup AgroStar has raised USD 70 million (around Rs 527 crore) from Evolvence, Schroders Capital, Hero Enterprise and UK's development finance institution CDC to expand its business
 "Agritech startup AgroStar raises $70 million from investors for expansion")
Cybersecurity start-up CloudSEK raises Rs 50 crore in Series A funding
The round will be used to speed up CloudSEK's sales and marketing across Asia-Pacific, West Asia, and North America. The firm will also ramp up its R&D to combat sophisticated global threats
EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore
To roll out its first two-wheeler in H1 of 2022, inks MoU in electric mobility and energy storage solutions
 "EV start-up Matter signs MoU with Gujarat govt for Rs 1,500 crore")
IIT Madras faculty founded 94 startups till Oct, valued at over Rs 1,400 cr
From a startup aiming to make hybrid aerial vehicles to the converting waste to crude oil, faculty members at IIT Madras founded at least 94 enterprises having a combined valuation of over Rs 1,400 cr
 "IIT Madras faculty founded 94 startups till Oct, valued at over Rs 1,400 cr")
Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai
India's tech sector to employ 10 mn engineers in next 10 years, says former Infosys CFO at InFinity Forum
 "Indian start-ups need $40 bn-$50 bn yearly to conquer world: Mohandas Pai")
Swiggy to invest $700 mn in grocery delivery service Instamart
First launched in Bengaluru and Gurugram last year, Instamart is set to reach an annualised gross merchandise value run rate of $1 billion in the next three quarters, Swiggy said
 "Swiggy to invest $700 mn in grocery delivery service Instamart")
CollegeDekho closes $35mn Series B round led by Winter Capital, ETS
Firm will boost investment in products and tech while growing new verticals like Ed-Fin-Tech, student accommodation and coaching for higher education
 "CollegeDekho closes $35mn Series B round led by Winter Capital, ETS")
B2B packaging solutions startup DCGpac.com raises Rs 5 cr in pre-series A
DCGpac, which has sold over 200 million products across India so far, is growing more than 15 per cent month-on-month by revenue. It turned EBITDA positive this September
Cloud storage services startup Digiboxx raises $1.5 mn from investors
File storage and sharing or cloud storage services startup Digiboxx has raised USD 1.5 million in pre-series-A funding round led by Chandigarh-headquartered Capgro Fund.
Start-up pay cheques, ESOPs are creating a new breed of angel investors
These high-earning start-up executives generally invest cheque sizes of Rs 2-5 lakh and are drawn to companies in the seed stage
 "Start-up pay cheques, ESOPs are creating a new breed of angel investors")
KSUM's KITE meet ends, shortlists 24 IEDC ideas for product development
The Kerala Startup Mission (KSUM) on Friday selected 24 new products by Innovation and Entrepreneurship Development Centres on the concluding day of the five-day virtual technology exhibition.
 "KSUM's KITE meet ends, shortlists 24 IEDC ideas for product development")
TechEagle delivers lifesaving medicines using hybrid drone in Meghalaya
The collaboration with the state govt is aimed at transforming the healthcare supply chain for hard-to-reach population
 "TechEagle delivers lifesaving medicines using hybrid drone in Meghalaya")
Vedantu announces buyback of ESOPs worth $3 mn for eligible employees
Founders will not participate in buyback
 "Vedantu announces buyback of ESOPs worth $3 mn for eligible employees")
