Page 35 - Company - Start-ups - News
Skymet raises funds to boost tech for accurate forecast of floods, cyclones
Amount will help in setting up more ground observation units in calamity-prone eastern India. Skymet aims to help mitigate risks and provide accurate data to farmers in the region
 "Skymet raises funds to boost tech for accurate forecast of floods, cyclones")
India's first venture fund by startup founders launched with $85 mn corpus
The men behind the fund are Girish Mathrubootham of Freshworks, Manav Garg of Eka Software, Shubham Gupta (ex-Matrix) and Avinash Raghava (ex-Accel)
 "India's first venture fund by startup founders launched with $85 mn corpus")
Skymet raises Rs 12cr in debt funding from Northern Arc, Caspian Impact
According to Allied Market Research, need for more accurate prediction has unleashed a wider domain for the global weather forecasting market to grow from $1.2 bn in 2016 to $2.7 bn by 2023
 "Skymet raises Rs 12cr in debt funding from Northern Arc, Caspian Impact")
AR-based social media platform Flam raises $3.5mn led by Inventus Capital
Flam brings AR to consumers with FlamCards that print videos on card
 "AR-based social media platform Flam raises $3.5mn led by Inventus Capital")
Gupshup raises additional $240 mn to expand global footprint
The new funding round follows the $100 million raise from US-based investment firm Tiger Global in April at a $1.4 billion valuation.
 "Gupshup raises additional $240 mn to expand global footprint")
ShareChat, Moj valued at $2.88 billion in $145-million fundraise
Investment was led by Singapore state investor Temasek, Moore Strategic Ventures and Mirae-Naver Asia Growth Fund
 "ShareChat, Moj valued at $2.88 billion in $145-million fundraise")
Bandhoo raises $1.1 mn funding to make labour market more transparent
Construction is a $200 billion market in India and so far hasn't adopted much technology in its operations and Bandhoo is tapping that opportunity.
 "Bandhoo raises $1.1 mn funding to make labour market more transparent")
Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore
The top-up was led by marquee global venture capital firm Accel along with existing investors
 "Beauty brand MyGlamm closes Accel-led funding round at Rs 530 crore")
Flipkart Ventures, Tiger Global invest in Thrasio-style venture G.O.A.T
G.O.A.T was founded by Rameswar Misra and Rishi Vasudev, a veteran retail executive, who previously headed Flipkart's fashion business.
 "Flipkart Ventures, Tiger Global invest in Thrasio-style venture G.O.A.T")
SoftBank-backed Unacademy acquires game streaming platform Rheo TV
Unacademy will fully acquire Rheo TV and enable exit of all existing investors; deal value not disclosed
 "SoftBank-backed Unacademy acquires game streaming platform Rheo TV")
United Spirits, part of Diageo, exits liquor delivery firm Hip Bar
Hip Bar Pvt Ltd had a turnover of Rs 50 lakh in the financial year ended March 31, 2020 and its net worth was Rs 7.76 crore.
 "United Spirits, part of Diageo, exits liquor delivery firm Hip Bar")
Moglix completes $3 mn ESOP buyback with 25% sale option for staffers
The company says it has expanded ESOP pool by $10 million to include more than 300 employees under the programme
 "Moglix completes $3 mn ESOP buyback with 25% sale option for staffers")
Byju's enters higher education segment, acquires Great Learning for $600 mn
The sellers of Singapore-based Great Learning will receive certain payments based on its future performance, and Byju's will set aside a further $400 mn to boost the unit's growth
 "Byju's enters higher education segment, acquires Great Learning for $600 mn")
Swift raises $2.2 mn in pre-Series A funding led by Kalaari Capital
Funds will be used to scale engineering efforts and simplify complex business workflows across checkout, payments and fulfilment
Bizongo scales to $150 mn in annualised revenue, nears profitability
Bizongo is backed by investors such as Schroder Adveq, CDC Investment, AddVentures, Chiratae Ventures, IFC, Accel and B Capital Group
 "Bizongo scales to $150 mn in annualised revenue, nears profitability")
B2B e-commerce startup Udaan to tap $100-bn opportunity in small-town India
Udaan is expanding into building a digital trade ecosystem and aims to have 10% of the total transactions worth $1 trillion on its platform in the next few years
 "B2B e-commerce startup Udaan to tap $100-bn opportunity in small-town India")
Simpliwork Offices plans to raise $50-60 mn to expand business
Realty firm Salarpuria Sattva's co-promoted Simpliwork Offices plans to raise $50-60 mn as equity to expand business in India and enter into overseas markets
 "Simpliwork Offices plans to raise $50-60 mn to expand business")
16 unicorns, $11bn funding: Indian startups rise sans Chinese money
The great Indian tech startup story is being rewritten amid the Covid-19 pandemic as traditional sectors still bear the brunt.
Ant-backed Zomato's roaring India debut sets pace for internet startups
Shares of Zomato Ltd nearly doubled on Friday in a stellar first listing of local unicorn in India, setting pace for a slew of such debuts by internet-based startups that are thriving during pandemic
 "Ant-backed Zomato's roaring India debut sets pace for internet startups")
Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club
BlackBuck, which digitises fleet operations for the truckers, will use these funds to further penetrate the market and launch new service offerings for its customer base
 "Trucking startup BlackBuck's valuation crosses $1 bn, joins unicorn club")
