Page 14 - Startup
Indian edtech startups see investment of $2.22 bn in 2020, shows data
Byju's and Unacademy have raised the most capital, $2.32 billion and $354 mllion, respectively, in 2020
 "Indian edtech startups see investment of $2.22 bn in 2020, shows data")
Startup builds tech to do Covid-19 sero survey of 10 mn samples in 7 days
The Delhi-based company has partnered with state-run ITI to host its data and also done a proof of concept with the public sector firm
 "Startup builds tech to do Covid-19 sero survey of 10 mn samples in 7 days")
New Microsoft programme to nurture health tech startups in India
Microsoft launched a dedicated programme to help healthtech startups flourish in India, as the pandemic impacts every aspect of the healthcare system in the country
 "New Microsoft programme to nurture health tech startups in India")
BharatAgri raises $2 million from 021 Capital, India Quotient, others
Pune-based startup BharatAgri on Wednesday said it has raised $2 million from a clutch of investors, including Binny Bansal-backed 021 Capital and India Quotient, for expansion
 "BharatAgri raises $2 million from 021 Capital, India Quotient, others")
Former Tesla CIO Jay Vijayan's start-up Tekion joins unicorn club
The company raised $150 million at a valuation of over $1 billion in a round led by Advent International
 "Former Tesla CIO Jay Vijayan's start-up Tekion joins unicorn club")
Six Indian startups that beat the pandemic to become unicorns this year
Three unicorns have emerged in fintech space and one each in software, edtech and beauty space. A unicorn is a privately held startup that is valued at $1 billion or more
 "Six Indian startups that beat the pandemic to become unicorns this year")
Ergos raises Rs 38.5 crore from Chiratae Ventures, Aavishkaar Capital
Agri-tech start up Ergos Business Solutions on Wednesday said it has raised Rs 38.5 crore in Series A round with fresh investment from Chiratae Ventures and Aavishkaar Capital
'We were fortunate on timing': 28-year-old who just became a billionaire
"Our goal is you'll be driving down the highway and the trucks you see will have Hyliion powertrains," says Thomas Healy
 "'We were fortunate on timing': 28-year-old who just became a billionaire")
Clover Health to go public via $3.7 billion deal with Social Capital
The combined cash-and-stock deal includes a $100 million investment from venture capitalist Chamath Palihapitiya and $50 million from Hedosophia
Rajnath launches startup challenge to find ideas on 11 defence issues
Defence Minister Rajnath Singh on Tuesday launched a startup contest under which innovators, MSMEs and startups have to find new ideas applicable to 11 specific challenges of the Indian defence sector
 "Rajnath launches startup challenge to find ideas on 11 defence issues")
Gujarat ranked best state in providing strong ecosystem for startups: DPIIT
Gujarat has again emerged as the best performer in developing startup ecosystem for budding entrepreneurs, according to the ranking of states and union territories (UTs) done by DPIIT
 "Gujarat ranked best state in providing strong ecosystem for startups: DPIIT")
This art investment startup is luring scores of investors in the pandemic
Think of it as the art market's version of the popular trading platform Robinhood Markets, which lets users buy a fraction of a company's share for a few dollars
 "This art investment startup is luring scores of investors in the pandemic")
Unacademy began as co-founder's hobby; start-up is now a unicorn
Unacademy now has 30 million registered users and 350,000 paying subscribers, almost four times as many as in February. The platform has more than 18,000 registered educators.
 "Unacademy began as co-founder's hobby; start-up is now a unicorn")
Desi professional network startup Apna raises $8 mn in Series A funding
The startup that seeks to provide access to local job opportunities to blue and grey collared professionals has raised the funding from Lightspeed and Sequoia Capital
 "Desi professional network startup Apna raises $8 mn in Series A funding")
9Unicorns makes first close of Rs 100 cr for its new fund for start-ups
The fund intends to offer $100,000 for 5-7% equity per start-up
 "9Unicorns makes first close of Rs 100 cr for its new fund for start-ups")
Traditional firms take on Covid-19 through innovative firsts in market
"Immunity and antiviral have become the key words but consumers are not gullible and if they see through a company's claims, it loses the game even before it has begun it," said Harish Bijoor
 "Traditional firms take on Covid-19 through innovative firsts in market")
IIT Kanpur-backed startup Phool.co raises $1.4 mn in pre-Series A funding
Phool.co says it converts floral waste at temples into charcoal-free luxury incense products
 "IIT Kanpur-backed startup Phool.co raises $1.4 mn in pre-Series A funding")
Fitness startup Fitternity looking to raise $12-15 million by January
Fitness startup Fitternity, which claims to be the largest platform for wellness equipment and services in the country, is planning to raise $12-15 million (around Rs 90-112 crore) from overseas inves
 "Fitness startup Fitternity looking to raise $12-15 million by January")
European startup Infobip raises over $200 mn in Series A funding: Report
Founded in 2006, Infobip provides technology in omnichannels marketing, allowing companies to communicate with customers through text messages or third-party apps such as WhatsApp
 "European startup Infobip raises over $200 mn in Series A funding: Report")
UP cabinet clears Startup Policy 2020, targets 10,000 new ventures
Recently, UP had created a Rs 1,000 crore Startup Fund managed by Sidbi
 "UP cabinet clears Startup Policy 2020, targets 10,000 new ventures")
