Page 5 - Company - Start-ups - News
Google-backed VerSe valued at $5 billion in latest funding round
VerSe Innovation has raised $805 mn in a funding round led by Canada's top pension fund, putting a $5 billion valuation on the Google-backed parent of video app Josh and news aggregator Dailyhunt.
 "Google-backed VerSe valued at $5 billion in latest funding round")
Google-backed Dunzo launches instant grocery delivery service in Mumbai
In less than a year, 'Dunzo Daily' is growing at a rate of more than 100 per cent month on month and is expected to fulfill more than 200,000 orders per day by June 2022
 "Google-backed Dunzo launches instant grocery delivery service in Mumbai")
Tamil Nadu to create 10,000 more startups by 2026, says Tansim CEO
Tansim is the nodal agency for start-ups in Tamil Nadu and is working on a new start-up policy to boost the new investor eco-system in the state.
Speciale Invest announces its second funds closure at Rs 286 crore
In April 2021, the company had announced their second fund to be a corpus of around Rs 100 crore, but this got oversubscribed to over Rs 140 crore.
 "Speciale Invest announces its second funds closure at Rs 286 crore")
Stage set for PE majors to make a splash in India's tech startup gold rush
Indian tech startup ecosystem has attained a threshold of maturity in the last few years which makes it attractive for large PE players
 "Stage set for PE majors to make a splash in India's tech startup gold rush")
This entrepreneur is disrupting legal services space by democratising it
Arvind Singhatiya's firm, LegalKart, today connects 150,000 individual and business customers across 20,000 pin codes in 900 cities and districts to a community of 10,000 lawyers
 "This entrepreneur is disrupting legal services space by democratising it")
Gaming studio Bombay Play raises $7 mn in Series A funding led by Kalaari
With the capital raised, the company plans to invest it in scaling its existing 'hypersocial' game offerings, supporting upcoming projects while also devoting a sum towards innovation in the segment
 "Gaming studio Bombay Play raises $7 mn in Series A funding led by Kalaari")
EnKash raises $20 million in funding round led by Ascent Capital
Baring India and Singapore-based White Ventures also participated in the series B funding round along with existing investors, Mayfield India and Axilor Ventures.
 "EnKash raises $20 million in funding round led by Ascent Capital")
Indian start-ups raise $12 bn during first three months of 2022: Report
Meanwhile, a recent report said that accelerated funding activity is expected to create over 100 unicorns in India during 2022
 "Indian start-ups raise $12 bn during first three months of 2022: Report")
Microsoft to empower Indian startups from idea to unicorn with new platform
The platform offers over $300,000 worth of benefits and credits, giving startups free access to the technology, tools, and resources they need to build and run their business
 "Microsoft to empower Indian startups from idea to unicorn with new platform")
D2C business enabler Instamojo reports revenue growth from online stores
Contribution jumped from 2% to 20% in one year after the launch of the beta version, says start-up.
 "D2C business enabler Instamojo reports revenue growth from online stores")
Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months
Merchant commerce platform got $150 million from Alpha Wave Global in February and $20 million from SBI in January.
 "Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months")
Builder.ai raises $100 mn in Series C round to scale up AI capabilities
Funding led by Insight Partners, a New York-based global venture capital and PE firm, brings company's total funding to $195 million across three rounds in all
 "Builder.ai raises $100 mn in Series C round to scale up AI capabilities")
Games24x7 raises $75 mn from Tiger Global, others at $2.5-bn valuation
Mumbai-headquartered firm owns popular gaming platforms such as RummyCircle (India's largest online rummy game), My11Circle and U Games
 "Games24x7 raises $75 mn from Tiger Global, others at $2.5-bn valuation")
OSlash raises $5 mn in funding round valuing SaaS start-up at $50 mn
Company builds productivity tool enabling employees to access the right information in a fraction of a second.
 "OSlash raises $5 mn in funding round valuing SaaS start-up at $50 mn")
Pine Labs raises $50 mn, to expand BNPL offering in Southeast Asia
Pine Labs serves large, mid-sized and small merchants across India and Southeast Asia, and is expanding its Buy Now Pay Later (BNPL) offering in Southeast Asia.
VC exits in India start-ups up 10x to $14 billion in 2021: Bain & Co
Share of VC deal value in PE-VC space above 50% for the first time: Bain & Co
 "VC exits in India start-ups up 10x to $14 billion in 2021: Bain & Co")
LambdaTest closes $45 million in a venture round led by Premji Invest
Firm's platform is used by over 1 mn developers and testers globally. The company has run more than 100 mn tests since inception, has grown its business by 300% in the past year
 "LambdaTest closes $45 million in a venture round led by Premji Invest")
Qure.ai raises $40 mn from healthcare investors Novo Holdings, HealthQuad
Qure.ai's advanced technology reads and interprets medical images like X-rays, CTs, and ultrasounds in under a minute, making equitable, quality healthcare a reality across the globe
 "Qure.ai raises $40 mn from healthcare investors Novo Holdings, HealthQuad")
D2C start-up mCaffeine raises Rs 240 cr at a valuation of Rs 1,000 cr
Founded in 2016, mCaffeine had attracted a cumulative of Rs 60 crore through successive rounds of funding over the years
 "D2C start-up mCaffeine raises Rs 240 cr at a valuation of Rs 1,000 cr")
