Page 8 - Start-ups

Upgrad in unicorn club with $1.2 bn valuation as IIFL on-boards with $25 mn

Online education platform Upgrad has raised its third external funding of $25 million from the IIFL Group, helping the re/up-skilling company join the unicorn club with a valuation of $1.2 billion

Parliament passes LLP Amendment Bill to boost start-ups, ease of business

Lok Sabha Monday passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost the ease of doing business, amid uproar by the Opposition

toothsi raises $20 mn in Series B funding round led by Eight Roads Ventures

The company had earlier raised $5 million as part of its Series A funding in January this year

Airtel unveils solution for digital connectivity needs of small businesses

Bharti Airtel announced the Office Internet, a solution for emerging digital connectivity needs of small businesses, SOHOs and early stage tech start-ups

Edtech startup Skill-Lync raises $17.5 mn in funding led by Iron Pillar

Company say it has collaborated with over 800 industry experts for creating course content.

Edtech start-up Skill-Lync raises $17.5 million in series A financing

Engineering focused edtech start-up Skill-Lync has raisedUSD 17.5 million in Series A round, led by Iron Pillar,a venture growth investor backing globaltechcompaniesbuilt from India. Existing investorsY Combinator and Better Capital also participated in thisfunding round, it said in a statement. In addition,Binny Bansal (Co-founder of Flipkart),Sai Krishnamurthy (ex-Flipkart;Co-founder of Xto10X)and Rashmi Kwatra (Founder of Sixteenth Street Capital) joined as new investors. Skill-Lync said it provides"job leading industry- relevant"coursesin themechanical, electrical,civiland computer science engineering domains forstudents in India and other parts of the world. "Interdisciplinary and job-orientedcoursesin topicssuch as Electric Vehicle Design, Embedded Systems design, Autonomous Vehicle,Renewable Energy, Full-Stack Development, Data Analytics and Construction Project Management,ensure the alignment of the engineering talent pool with the needs of these industries,

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.

When Iron Man backed agri start-up ClimateAi to fight climate change

ClimateAi was co-founded in 2015 by Himanshu Gupta, a former climate and energy expert with the Niti Aayog, along with Max Evans, a machine learning expert with a farming lineage

Irrational exuberance over Zomato

Zomato is essentially a "concept stock" because it has neither made profits, nor has issued any guidance on ever getting to profitability, notes Shyamal Majumdar

Zomato allots shares worth Rs 4,195 cr to anchor investors ahead of IPO

Sources said the anchor book saw over 30x more demand than the shares on offer. The total interest generated was in excess of Rs 1 trillion

With Zomato's offering, fresh fundraising via IPOs set to hit 14-year high

All-time high not far away with Paytm planning fresh issue of Rs 12,000 cr

Valuing growth

Start-up listings will open up opportunities

AWS launches new prog to help early-stage startups work with public sector

AWS launched AWS Public Sector Startup Ramp in India, a new programme that is designed to help early-stage technology startups to build solutions for the public sector using its platform.

Zomato IPO a watershed moment for start-up ecosystem, say experts

The much talked about Zomato IPO is an encouraging sign for the start-up community

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

Lunch with BS: Meet Marjet Andriesse, the head that wears the hat

The number of women in leadership roles in tech companies has gone up since she started out 30 years ago but it is still small, Andriesse tells Samreen Ahmad

Sam Altman wants to scan your eyeball in exchange for cryptocurrency

Among the many parts of its plan, Worldcoin has designed an orb-shaped device that wo­uld scan a person's iris to build a unique personal identifier

Edtech startup upGrad set to join unicorn club with $4-billion valuation

Eyes $400 million at 5 times current value

Short video platform Firework forays into live video commerce segment

The startup will showcase more than 15 brands across various categories offering discounts and giveaways

After incubation plan success, Maruti may pick stake in mobility start-ups

Carmaker has reaped benefits from firms that it has incubated under the accelerator programme