Page 27 - Company - Start-ups - News
Addverb to expand robots production in India by 10 times in FY23
Robotics and automation firm Addverb plans to expand its robot manufacturing unit in India to boost its output by around 10 times in the next financial year, a senior company official said
 "Addverb to expand robots production in India by 10 times in FY23")
Zomato to stop grocery deliveries from Sep 17 due to poor order fulfillment
The company also said that it believes that its investment in Grofers will generate better outcomes for its shareholders than in-house grocery efforts
 "Zomato to stop grocery deliveries from Sep 17 due to poor order fulfillment")
Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning
The company plans to use this new round of capital to fuel its aggressive expansion plans in India as well as abroad
 "Ronnie Screwvala's Unilazer leads $10 mn funding round in Lido Learning")
Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months
The other two co-founders, Amod Malviya and Sujeet Kumar, as Board members will actively work with Gupta to ensure the company effectively transitions to a CEO-led structure
 "Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months")
Adloid eyes four-fold jump in revenue; plans to hire from IITs, IIMs
Augmented reality startup Adloid expects a four-fold jump in revenue to $4 million this fiscal, and plans to hire about 120 employees
 "Adloid eyes four-fold jump in revenue; plans to hire from IITs, IIMs")
Farmers Fresh Zone raises Rs 6 cr in pre-series-A funding round led by IAN
Agri-tech start-up Farmers Fresh Zone on Thursday said it has raised Rs 6 crore in pre-series A round through existing investors led by Indian Angel Network (IAN).
 "Farmers Fresh Zone raises Rs 6 cr in pre-series-A funding round led by IAN")
Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round
The funding was led by TechNova Ventures, Tom Varkey and Multiply Ventures, with participation from existing investor, Education Catalyst Fund
 "Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round")
Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO
As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026
 "Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO")
Biotech startup immunitoAI raises $1 million in seed funding
Biotech startup immunitoAI on Wednesday said it has raised $1 million (over Rs 7 crore) in a seed funding round led by early-stage venture capital fund pi Ventures
 "Biotech startup immunitoAI raises $1 million in seed funding")
WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others
WeRize is a full stack provider, developing and distributing a wide range of customised credit, group insurance and savings products for 100 mn homes and 300 mn individuals in 4,000-plus small towns
 "WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others")
Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office
The company, which sells teas, spices and superfoods to the US, Canada and Europe, has raised a total of over Rs 290 crore so far
 "Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office")
Overseas education company Leap raises Rs 400 cr in Series C funding
The firm said it is seeing an unprecedented demand from students to move abroad this year as international borders open post-Covid.
 "Overseas education company Leap raises Rs 400 cr in Series C funding")
Google-backed edtech firm Cuemath bets on free math courses to add users
Its premium curriculum, which normally costs $299 a year, will be free for subscribers who invite two new users
 "Google-backed edtech firm Cuemath bets on free math courses to add users")
Muscle & Strength India plans to open 100 stores in the next one year
The company is eyeing to launch outlets through franchisee route with an investment of Rs 20 crore as it seeks to deepen its presence in India's growing nutritional supplement space
 "Muscle & Strength India plans to open 100 stores in the next one year")
COGOS raises $2 mn in pre-Series A funding led by Transworld Group
The firm plans to expand its business to the internal market and further strengthen and develop its technology platform
 "COGOS raises $2 mn in pre-Series A funding led by Transworld Group")
Biddano raises funding to build India's largest healthcare supply chain
The new funding will enable Biddano to fulfill strong market demand for its supply chain platform by investing in product, engineering and go-to-market teams.
 "Biddano raises funding to build India's largest healthcare supply chain")
GoKwik raises Rs 40 cr in pre-Series A round led by Matrix Partners India
The new investment will primarily be used for scaling up & establishing a footprint in MENA and SEA regions and hiring talent across tech, data, and product engineering
 "GoKwik raises Rs 40 cr in pre-Series A round led by Matrix Partners India")
Plant protein startup Proeon raises funding to tap multibillion-dollar mkt
The plant-based proteins sector is projected to reach nearly $200 billion by 2027
 "Plant protein startup Proeon raises funding to tap multibillion-dollar mkt")
Online retail platform Dukaan raises $11 mn in pre-series A round
The round was led by 640 Oxford Ventures, with participation from existing investors Snow Leopard Ventures, Lightspeed Partners, and Matrix Partners India
 "Online retail platform Dukaan raises $11 mn in pre-series A round")
Cross-border sourcing tech startup Geniemode raises $2.25 mn seed funding
It is an end-to-end e-commerce platform to make global sourcing more efficient, convenient across fragmented, tech-strapped supply chains in furniture, home furnishing, fashion.
 "Cross-border sourcing tech startup Geniemode raises $2.25 mn seed funding")
