Page 38 - Company - Start-ups - News
How startups are creating Uber-like ambulance experience during pandemic
These companies have seen 2-3x growth in the past one year as timely medical response becomes key in saving lives
 "How startups are creating Uber-like ambulance experience during pandemic")
Bike taxi startup Rapido plans to ramp up hiring of women captains
India's largest bike taxi platform has also filed for the bike taxi service application with the State Transport Authority in Karnataka
 "Bike taxi startup Rapido plans to ramp up hiring of women captains")
Digital solutions firm Whatfix announces $4.3 mn for ESOP buyback
Digital adoption solutions provider Whatfix on Tuesday said it has implemented its maiden employee stock ownership plan (ESOP) buyback of $4.3 million
 "Digital solutions firm Whatfix announces $4.3 mn for ESOP buyback")
India's Skylark Drones raises $3 mn to fuel international expansion
Skylark Drones aims to elevate worksite productivity and safety by providing geospatial intelligence to different enterprises in sectors such as mining, solar power, etc
 "India's Skylark Drones raises $3 mn to fuel international expansion")
How Zeta acquired Unicorn status in the very first round of funding
Enterprises typically reach the feat at series C or series D, or three to four funding rounds later
 "How Zeta acquired Unicorn status in the very first round of funding")
Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge
Locad is part of Surge's fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals work, live and learn better
 "Locad raises $4.9 mn in seed funding led by Sequoia Capital India's Surge")
Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge
The round also saw participation from angel investors Kunal Shah, Rajul Garg and YourNest India
 "Rewards-based payment network TWID raises $2.5 mn led by BEENEXT, Surge")
Paytm announces launch of small ticket loan product Postpaid Mini
These small ticket instant loans will give flexibility to users and also help manage their household expenses to maintain liquidity during the ongoing Coronavirus (Covid-19) pandemic
 "Paytm announces launch of small ticket loan product Postpaid Mini")
WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners
Griffin is making its first-ever investment in India in WinZO
 "WinZO raises $65 mn in Series C round, led by Griffin Gaming Partners")
Licious raises $192 mn from Temasek, others at $650 mn valuation
Existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Growth Fund, and Vertex Ventures Southeast Asia and India also participated in this round of fundraising.
 "Licious raises $192 mn from Temasek, others at $650 mn valuation")
Swedish gaming giant MTG buys Indian games developer PlaySimple for $360 mn
Acquires 100% in cash-and-equity deal that will significantly strengthen the company's position in casual games' genre and enable access to fast-growing word games genre
 "Swedish gaming giant MTG buys Indian games developer PlaySimple for $360 mn")
Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding
The company is raising $200 million from Sequoia Capital India, existing investor Faering Capital Pvt and others
 "Virat Kohli-backed insurance startup hits $3.5-bn value after fresh funding")
Removed 1,253 posts, says Koo in first compliance report under new IT rules
The Bengaluru-based startup said that going forward it will publish the report on the first day of each month
 "Removed 1,253 posts, says Koo in first compliance report under new IT rules")
Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank
Firm will scale up value-added services like insurance at point-of-sale terminals, micro ATMs, says new CEO Ketan Patel
 "Ratan Tata-backed Mswipe Tech looks to morph into digital SME bank")
WhiteHat Jr data not compromised, says Indian AI vendor Salesken.ai
India-based AI conversational intelligence platform Salesken.ai on Thursday admitted the breach but said that no data was compromised
 "WhiteHat Jr data not compromised, says Indian AI vendor Salesken.ai")
Meddo Health closes pre-series A round at $6 million led by SRI Capital
Meddo equips OPD clinics with tech-enabled solutions to turn them into full-service medical centres, complete with ERM systems, diagnostic support, medicine delivery services/support
 "Meddo Health closes pre-series A round at $6 million led by SRI Capital")
Sequoia's Surge accelerator programme invests $55 mn in 23 startups
With this, the Surge community now has 203 founders, from 91 startups building companies across more than 15 sectors such as fintech, payments, communications, and logistics
 "Sequoia's Surge accelerator programme invests $55 mn in 23 startups")
Suresh Prabhu calls for greater role of startups in core sectors
Prabhu added that the Indian economy's rate of growth would get accelerated with India's vaccination drive picking up pace, which will revive businesses and, in turn the overall economy
 "Suresh Prabhu calls for greater role of startups in core sectors")
Sequoia-backed logistics company Shipsy eyes expansion in West Asia
Firm already has over 50 clients and about 30% of the revenue coming from the region
 "Sequoia-backed logistics company Shipsy eyes expansion in West Asia")
EdTech start-up Nalanda Learning raises Rs 40 cr from Aavishkaar Capital
Education technology start-up Nalanda Learning Systems has raised Rs 40 crore from Aavishkaar Capital to expand operations nationally.
 "EdTech start-up Nalanda Learning raises Rs 40 cr from Aavishkaar Capital")
