Page 31 - Company - Start-ups - News
Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise
Postman was founded in 2014 by Abhinav Asthana, Ankit Sobti, and Abhijit Kane
 "Software startup Postman's valuation tops $5.6 bn after $225 mn fundraise")
RaRa Delivery raises funding to move all Indonesian deliveries to same-day
Founded by Karan Bhardwaj, RaRa Delivery's tech team is based in India, with an aim of scaling its India operations
 "RaRa Delivery raises funding to move all Indonesian deliveries to same-day")
Amazon, Premji Invest back fintech smallcase in $40 mn funding
The capital raised will be used to launch better investment products for the retail investor
 "Amazon, Premji Invest back fintech smallcase in $40 mn funding")
Fresh funding to boost DrinkPrime's safe and clean drinking water mission
With most of the water in the plastic cans being unsafe and with less than 5 per cent of Indians actually owning a water purifier, the problem is real and DrinkPrime is addressing that.
 "Fresh funding to boost DrinkPrime's safe and clean drinking water mission")
RaRa Delivery raises $3.25 mn led by Sequoia Capital's Surge, East Ventures
RaRa Delivery is Southeast Asia's only last-mile logistics company in the one to three-hour deliveries segment for e-commerce
 "RaRa Delivery raises $3.25 mn led by Sequoia Capital's Surge, East Ventures")
Probus Smart Things raises $500,000 led by Unicorn India Ventures
Probus develops integrated hardware and software solutions for utility providers and helps digitise their distribution grid
 "Probus Smart Things raises $500,000 led by Unicorn India Ventures")
Govt to scale up network of incubators, accelerators to spur start-ups
Government is committed to scaling up the network of incubators and accelerators massively over the next three years, Minister for Electronics and IT Ashwini Vaishnaw said on Tuesday
 "Govt to scale up network of incubators, accelerators to spur start-ups")
Maximl eyes global expansion to 20 countries, plans to raise over $10 mn
Firm says it is India's first connected worker platform for deskless workers, has expanded the past two years; clientele includes Tata Steel, RIL, BPCL and HPCL
 "Maximl eyes global expansion to 20 countries, plans to raise over $10 mn")
Meet the IIT Roorkee grads who co-founded FamPay, the neobank for teens
The firm provides also financial literacy to teenagers, who have few options to open a bank account at their age; It crossed 2 mn users within eight months of launch
 "Meet the IIT Roorkee grads who co-founded FamPay, the neobank for teens")
Rage Coffee raises $5 mn in Series A round led by Sixth Sense Ventures
Rage is disrupting the core instant coffee segment by launching flavored instant coffee (Mocha mint, Irish hazelnut, Dark chocolate, etc) along with products such as roast coffee, and cold brew coffee
Healthtech startup Ultrahuman raises $17.5m in Series B funding round
The Series B funding came from Alpha Wave Incubation (AWI), which is backed by DisruptAD and managed by Falcon Edge, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani's iSeed
 "Healthtech startup Ultrahuman raises $17.5m in Series B funding round")
'Blitzscaling' in times of uncertainty: Meet Sumit Gupta, CEO, CoinDCX
A large part of the work that Gupta does is focused on educating users and the larger community about investing in cryptocurrencies
 "'Blitzscaling' in times of uncertainty: Meet Sumit Gupta, CEO, CoinDCX")
Zupee's valuation crosses $500 million, raises $30 million funding
This round comes within 6 months after its Series A round at a $100 million valuation, which is more than 5x increase in the company's valuation
 "Zupee's valuation crosses $500 million, raises $30 million funding")
Bike taxi startup Rapido raises $52 mn to expand operations across India
With its latest round of funding, Rapido will be making strategic investments in innovations, technology, people, and supply
 "Bike taxi startup Rapido raises $52 mn to expand operations across India")
LIC, EPFO keen to set up fund for startups, says DPIIT official
LIC and EPFO have expressed their willingness to set up funds for startups to help budding entrepreneurs, a senior official said on Monday
 "LIC, EPFO keen to set up fund for startups, says DPIIT official")
HealthifyMe announces ESOP, equity buyback programme worth $12 mn
The development comes close on the heels of a $75 million (about Rs 559.6 crore) fund raise by the company from investors including LeapFrog and Khosla Ventures
 "HealthifyMe announces ESOP, equity buyback programme worth $12 mn")
Location-tech firm Locale.ai raises $1.3 mn from Chiratae, Better Capital
Locale.ai works with customers like Bounce, Dunzo and Omni, a Costa Rican taxi firm, to deliver insights and analytics on their location data.
 "Location-tech firm Locale.ai raises $1.3 mn from Chiratae, Better Capital")
VerSe Innovation raises $450 mn in Series I funding from global investors
VerSe Innovation's proprietary technology platform serves one out of every two internet users in the country
Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel
Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions
Licious opens its first-ever ESOP buyback option worth Rs 30 crore
The programme is designed to enable wealth creation opportunities for over 600 employees
 "Licious opens its first-ever ESOP buyback option worth Rs 30 crore")
