Page 6 - Company - Start-ups - News

Classplus bags $70 mn in Series D round co-led by Alpha Wave, Tiger Global

The new round values Classplus close to $600 million, a more than 2X jump in the valuation from the previous round.

Noida-based edtech startup Classplus raises $70 mn in fresh funding

The new funding round came eight months after Classplus raised a $65 million series C funding in June last year.

Indian tech startups raise a record $74 bn from PE/VC firms in 2021: Report

'E-commerce, consumer platforms, and IT services sectors were favorites among investors, recording 56% of total deal value in 2021,' says 'India Investments Pulse' report by Praxis Global Alliance

Spacetech startup Pixxel raises $25-mn funding led by Radical Venture

The new funding will enable Pixxel to expedite production of the world's highest resolution hyperspectral satellite constellation and to offer industry AI-powered insights

Investor Ravi Chachra launches $75-mn venture debt marketplace for startups

Part of Y-Combinator's winter 2022 batch, 8vdx has already disbursed $2.8 mn to 16 startups, including two from India

Blacksoil provides $4.5mn in debt funding to three startups

The three startups are Blu-Smart Mobility-an electric shared mobility platform, BigHaat-an agri inputs digital marketplace platform and LoanTap- a fintech offering personal loans

Co-working space player iSprout raises $4mn in pre-series A funding

Large part has been invested by a top infra firm's director; after the round over 75% ownership in iSprout will be with the four co-founders and this investor

Tech firm MFine helps people monitor blood pressure, glucose on smartphones

MFine has democratised health care at home by bringing these solutions on to devices that are more ubiquitous and affordable than wearables

CommerceIQ enters unicorn club with $115 mn fundraise in Series D round

Company employs over 150 people out of its Bengaluru office, and is expected to nearly double the headcount by the end of the year

Bizongo buys Clean Slate Tech, aims to help 100 factories adopt IoT by 2023

Deal size not revealed; Clean Slate team to join acquirer

Leverage Edu raises $22 mn in Series B funding at $120 mn valuation

Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round

Drone tech start-up AUS signs Rs 3.75 cr lease financing deal with Grip

Grip and AUS have entered a deal that allows retail investors to invest in India's growing drone market

Logically raises $24 mn; Vitruvian Partners leads funding round

It has been estimated that fake news is costing the global economy around $78 billion every year and Logically is addressing that problem.

Media SaaS company Amagi enters unicorn club with $95-mn investment

Accel leads the financing round along with Norwest Venture Partners and Avataar Ventures

IIT Madras, RBI Innovation Hub join hands to boost fintech startups

Through this strategic collaboration, the two organizations will jointly provide incubation support and nurture early-stage startups with innovative

Clear acquires supply chain financing tech firm Xpedize for undisclosed sum

Deal will help the acquirer quickly scale and lead the invoice discounting space

Ratan Tata-backed BlueStone valuation tops $410 mn in latest round

Funding in the omnichannel jewellery retailer was led by Sunil Kant Munjal, Chairman, Hero Enterprise

How IBM's security command centre in India helps fight global cyberattacks

The unit helps train cybersecurity response techniques through highly realistic and simulated cyberattack - designed to prepare everyone from C-Suite through technical staff

Aerospace startup unveils rover to carry astronauts to Moon, Mars

US-based aerospace startup Venturi Astrolab has unveiled a prototype of an interplanetary rover that is designed to transport cargo and people across the surface of Moon - and eventually, Mars one day

Byju's raises $800 mn in funding led by founder at $22-bn valuation

The investment comes at a time when the company is gearing to come up with its initial public offer in the next 9-12 months