Page 9 - Company - Start-ups - News
Ex-Twitter India chief Manish Maheshwari's Invact Metaversity raises $5 mn
Antler India invested in Invact Metaversity alongside other global institutional investors like Arkam Ventures from India, Picus Capital, M Venture Partners, BECO Capital and 2am VC
 "Ex-Twitter India chief Manish Maheshwari's Invact Metaversity raises $5 mn")
Edtech soonicorn BrightCHAMPS to accept fee payments in cryptocurrency
Ties up with payment gateway TripleA; will accept Bitcoin, Tether, and Ethereum in more than 30 countries it operates in, including US, Canada, UAE, Nigeria, Malaysia, Thailand
 "Edtech soonicorn BrightCHAMPS to accept fee payments in cryptocurrency")
Propelld raises $35 mn in Series-B funding led by WestBridge Capital
Propelld has tie-ups with over 550 educational institutes and is currently clocking an annual loan disbursal run rate of Rs 600 cr.
 "Propelld raises $35 mn in Series-B funding led by WestBridge Capital")
You don't know it but we're involved in each of your card swipes: Fiserv GM
In a Q&A, Rishi Chhabra, who also heads the firm's India and Sri Lanka operations, dwells on his company's swift response to RBI's six-month moratorium and data localisation rules
 "You don't know it but we're involved in each of your card swipes: Fiserv GM")
Fintech platform Propelld raises $35 mn to boost education finance biz
Currently employing around 150, Propelld plans to add another 100-150 employees over the next year across technology, business development and collections.
 "Fintech platform Propelld raises $35 mn to boost education finance biz")
Polygon's $450-mn funding: Is it Flipkart moment for blockchain in India?
The Indian blockchain start-up's massive funding round has many implications for Web3 companies and VCs in the crypto arena
 "Polygon's $450-mn funding: Is it Flipkart moment for blockchain in India?")
Dealshare raises $45 mn from ADIA in Series E round at $1.7 bn valuation
Aims for $3 billion of gross revenue run rate and operational profitability in next 12 months
 "Dealshare raises $45 mn from ADIA in Series E round at $1.7 bn valuation")
Tech startups struggle to get out of the red amid mktg and staff cost spike
While losses widened by 45% and 55% at fintech peers Paytm and PB Fintech, respectively, food delivery firm Zomato remained in the red despite narrowing its net loss by 81%
 "Tech startups struggle to get out of the red amid mktg and staff cost spike")
Edtech startup LEAD announces ESOP liquidation plan of $3 mn for staff
Edtech start up LEAD on Wednesday announced an ESOP Liquidation Plan of about USD 3 million (about Rs 22.5 crore) for its employees.
 "Edtech startup LEAD announces ESOP liquidation plan of $3 mn for staff")
Kenko Health raises $12 mn in Series A funding led by Sequoia Capital
Plans to utilise funds for acquiring customers, product development and building leadership team
 "Kenko Health raises $12 mn in Series A funding led by Sequoia Capital")
Glance raises $200mn from Jio Platforms; partners with Reliance Retail
Will use funds for expanding into global markets such as the US, Russia, Brazil and Mexico
 "Glance raises $200mn from Jio Platforms; partners with Reliance Retail")
Cleantech start-up Sistema.bio raises $15 million in Series B round
Financing will strengthen partnerships and distribution, carbon reduction activities, R&D efforts and overall operations in LATAM, Africa, and Asia-Pacific
 "Cleantech start-up Sistema.bio raises $15 million in Series B round")
Slice, a fintech unicorn, completes ESOP buybacks worth Rs 65 crore
Slice had in November last year raised $220 million in a Series-B round that valued the fintech company at over $1 billion
 "Slice, a fintech unicorn, completes ESOP buybacks worth Rs 65 crore")
Asia Healthcare Holdings raises $170 mn from Singapore's GIC
To date, Asia Healthcare Holdings has invested approximately $200 million across single specialty healthcare enterprises in oncology, mother and child care, and fertility.
Bizongo: B2B e-commerce start-up completes ESOP buyback worth $3.7 mn
Nearly 70 per cent of all eligible former and current employees of Bizongo opted to liquidate their ESOPs
 "Bizongo: B2B e-commerce start-up completes ESOP buyback worth $3.7 mn")
Shark Tank: 13-yr-old girl's anti-ragging app gets Rs 50 lakh funding offer
The investors in Jolly's idea are Anupam Mittal, founder and CEO of People Group (Shaadi.com) and Aman Gupta, co-founder of boAt
 "Shark Tank: 13-yr-old girl's anti-ragging app gets Rs 50 lakh funding offer")
'As $35 bn flows into start-ups, total deals soar 40% to $115 bn in 2021'
Of the total PE money, as much as USD 35 billion were pumped into start-ups alone: PwC India report
 "'As $35 bn flows into start-ups, total deals soar 40% to $115 bn in 2021'")
Over $7 billion raised by Indian start-ups in Q4 2021, says report
More than USD 7 billion was raised by Indian start-ups during the fourth quarter of 2021, which was 18 per cent higher than the previous sequential quarter, according to a report.
 "Over $7 billion raised by Indian start-ups in Q4 2021, says report")
Indian AI-SaaS start-ups can create $500 bn of market value by 2030: Report
India's increasing role in the global AI market could create employment for around 4.5 million people, says a study by venture capital firm Stellaris and International Finance Corporation
 "Indian AI-SaaS start-ups can create $500 bn of market value by 2030: Report")
Logistics start-up Xpressbees raises $300 mn to become 8th unicorn of 2022
There have been four unicorn fundraises this week (including Xpressbees)
 "Logistics start-up Xpressbees raises $300 mn to become 8th unicorn of 2022")
