Page 24 - Company - Start-ups - News

Chalo raises $40 mn from Lightrock India, Filter Capital, others

Chalo, which powered 20 million bus rides in September 2021, has 15,000 buses live on its platform and a presence in 31 cities

Licious becomes India's first D2C unicorn after raising $52 mn

Direct-to-consumer (D2C) platform Licious on Tuesday said it has raised $52 million to become Indias first D2C unicorn.

Meesho to host biggest festival sale event after crossing $4.9 bn valuation

Social e-commerce startup says shopping gala will help local businesses across country to sell online.

Bengaluru startup offers three-day work week to attract tech talent

Fintech company Slice is offering new hires a three-day week with salary at 80% of the going market rate

Esper raises $60 million in Series C funding led by Insight Partners

The investment brings Esper's total funding to $100 million and follows the company's $30 million Series B just four months ago in May 2021

The Fuel Delivery plans to raise $4-5 million via Series-A funding

The Fuel Delivery is looking to raise $4-5 million through Series-A funding to expand the business to newer markets.

Startup Loop Health raises $12 mn from Elevation Capital, Vinod Khosla

The health insurer has grown significantly, insuring over 50,000 members across 150 firms in the past 12 months and growing 50% month-over-month amid the pandemic

BP leads $25 mn funding round in EV ride-hailing start-up BluSmart

BP Ventures has made its first direct investment in India by pumping in USD 13 million in integrated EV ride-hailing and charging company BluSmart.

InnoVen Capital announces first close of new fund at Rs 740 crore

The first close was done with anchor investor Innoven Capital Pte Ltd, a joint venture between Seviora (a wholly-owned subsidiary of Temasek) and United Overseas Bank

Will Superior Voting Rights boost domestic listing of tech startups?

Sebi has eased the rules for issuance of shares with superior voting power, bringing India on a par with start-up rules in the US. Will this inspire Indian start-ups to list in India?

India social commerce startup Meesho valued at $5 billion by Fidelity

Meesho raised $570 million in fresh funding led by Fidelity Investments

Sebi ruling on DVR cheers startups, but can it stop international listings?

Sebi has said that promoters/founders who have net worth of Rs 1,000 crore can now have superior voting rights

Live online tutoring startup Vedantu in unicorn club with $1 bn valuation

Vedantu has raised $100 mn in funding. The firm which is competing with Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy is also planning an IPO by 2024

Health startup MFine raises $48 mn to build largest virtual hospital

MFine aims to build one of the Largest Virtual Hospitals in the world and make high-quality healthcare more accessible and effective with the use of AI and mobile technologies

State Bank of India explores ways to debt finance start ups

The number of government recognized start ups under the 'Startup India' initiative launched by Prime Minister Narendra Modi in January 2016, has grown nearly 85 times.

CredAvenue raises $90 mn to scale up building infra to power debt markets

The funding round, led by Sequoia Capital India and co-led by Lightspeed, TVS Capital Funds and Lightrock, values the company at about $410 million

Vedantu is India's newest unicorn after $100-mn funding from ABC World

The Bangalore-based startup becomes the fifth Indian edtech unicorn after Byju's, Unacademy, UpGrad and Eruditus, and the third to reach the milestone this year.

Mentza raises $400,000 in seed round led by Inflection Point Ventures

Mentza is a one of its kind audio-based conversational learning platform that wants to engage users through high quality focused 20-minute conversations across diverse topics

GoBOLT using tech to offer E2E logistics solutions as economy revives

The company, whose revenue grew to Rs 200 cr in FY21, has a current revenue run rate of Rs 22-25 cr a month; it aims to double that over next 12-18 months

Retail ecosytem gets ready to capitalise on $9 bn festive sales opportunity

Festive season sales: Everyone, from sale point to back-end support services provider, is gearing up to grab its share of the pie