Page 13 - Startup

Tiger Global leads $15.6 mn round in health insurance startup Plum

Tiger Global's investments this year have helped Cred, Innovaccer, ShareChat and other companies to become unicorns.

Jai Kisan, startup for financial services in rural India, raises $30 mm

Jai Kisan said it will use the funds to expand in tier-2, tier-3 cities and rural parts of the country.

Chocolate maker Smoor to raise Rs 50 cr, open over 100 outlets in 5 years

Smoor will also be launching an experience centre in Bengaluru where visitors would be able to experience the craft of exquisite chocolate making.

upGrad acquires video-enabled learning platform Impartus in Rs 150cr deal

Post the acquisition, Impartus has been integrated into the upGrad ecosystem and rebranded as 'upGrad Campus'

Content and creativity come to the fore with Fandawm, a short video production startup

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Blue Origin discloses $2 mn as current highest bid for seat on space flight

Blue Origin, billionaire Jeff Bezos' rocket company, disclosed $2 million as the current highest bid for a seat on its New Shepherd spacecraft after the startup closed the first phase of its auction.

Startup Virohan raises $3 mn, says will train million paramedics by 2025

Company says it has trained over 5,500 people since the pandemic started last year.

This Pune-based startup is helping coronavirus patients find beds, plasma

Urban Company raises $190 mn at $2-bn valuation, joins unicorn club

Besides Prosus, the other investors include DF International and Wellington Management

CareerLabs raises $2.2 mn from Rocket Internet's VC fund GFC, others

Profile building startup CareerLabs on Monday said it has secured USD 2.2 million in a new financing round led by Rocket Internet's VC fund Global Founders Capital to scale its platform.

Fintech lending startup KreditBee raises $75 mn in Series C equity round

Bengaluru-headquartered fintech lending startup KreditBee has concluded its Series C equity round worth USD 75 million from Premji Invest, Mirae Asset Naver Asia Growth Fund, Alpine Capital and Arkam Ventures consisting of both primary and secondary investment. "With a larger portfolio of loan products, our objective is to provide credit to over 180 million new-to-credit customers who were not provided formal credit earlier. This investment would help us take more positive steps towards achieving that," Co-Founder & CEO of KreditBee Madhusudan E said. The holding entity has previously raised over USD 43 million cumulatively in equity from investors including ICICI Bank and Arkam Ventures, it noted in a statement on Monday. Registered in March 2016, the group entity also holds Krazybee Services Private Limited, Systemically important non-deposit taking non-banking financial company (NBFC-ND-SI) registered with the Reserve Bank of India since May 2017. The group ...

Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021

IAN has invested in start-ups like FarEye, Fab Alley, HungryZone, Staqu etc. In 2020, IAN exited 3-4 companies after registering 15 times growth on the invested capital

Gaming startup MPL set to become next unicorn after $95 mn fundraise

The coronavirus pandemic-induced lockdown in 2020 has provided a fillip to an already-booming esports industry in India and the world.

Hyundai invests in startup UVeye for automated vehicle inspection system

The Tel Aviv-based UVeye said it has raised more than $40 million from Hyundai Motor and other strategic investors since its launch four years ago

Robotic packers, AI that reads buyer emotions: Flipkart nurtures startups

The pandemic has not only accelerated a shift to e-commerce but has also spawned startups that are building solutions relevant for the new normal, attracting the attention of big online retailers

Agritech firm DeHaat raises $30 million to fund its expansion plan

Agritech firm DeHaat on Tuesday said it has raised USD 30 million (around Rs 220 crore) from various investors to fund its expansion plan and strengthen technology platform. The company raised USD 30 million in Series C funding, led by Prosus Ventures (formerly Naspers Ventures). RTP Global co-invested in the round with participation from existing investors, Sequoia India, FMO, Omnivore & AgFunder, the company said in a statement. "The recent investment from marquee investors like Prosus Ventures, RTP Global and others is a strong validation of our goal to become the world's largest farmer aggregator and will help us scale up in both size and scope," Shashank Kumar, Co-Founder & CEO, DeHaat said. Based in Gurgaon and Patna, DeHaat was founded in 2012 by Amrendra Singh, Shyam Sundar, Adarsh Srivastav and Shashank Kumar. The company is a technology-based business to farmers (B2F) platform that offers full-stack agricultural services to farmers, including distribution of ...

PM Modi announces Rs 1,000 cr startup fund to push growth of tech ventures

For the next five years India, which is in a technology race with China, has a mission for its startups and unicorns to emerge as global giants and lead in futuristic technologies

Banking on Budget: Hope and reforms amid pandemic and fiscal deficit

The government has taken laudable steps to support and propel the economy in these difficult times, but a lot more still needs to be done, writes Vikas Vasal

SucSEED Indovation announces first closure of maiden Rs 100 cr fund

Indovation Fund has identified three startups Stargate, Auris, and Freestand for investment and has signed term sheets

IBM to buy European cloud startup Nordcloud, sees $1 trn market opportunity

Since taking office in April, Chief Executive Officer Arvind Krishna has acquired at least five startups from the hybrid cloud space.