Page 20 - Startups

Vedantu bets on inorganic growth, acquires doubt-solving app Instasolv

Company open to other such deals in future, says co-founder

Vedantu acquires doubt-solving platform Instasolv for an undisclosed amount

Ed-tech startup Vedantu on Monday said it has fully acquired Instasolv, a doubt-solving app for students of class 6 to 12 for science, mathematics, as well as for those of IITJEE and NEET. The ed-tech firm, however, did not disclose the financial details of the deal. Earlier in 2020, Vedantu had invested USD 2 million as part of a pre-series A round funding in Instasolv. "Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. We have seen tremendous potential in Instasolv and share the same mission to democratise education in the country," Vedantu CEO and co-founder Vamsi Krishna said in the statement. This is Vedantu's first acquisition in an education technology company to strengthen its focus in the instant doubt-solving space, where doubts are solved by quality teachers in a chat format. In 2020, Vedantu has delivered 75 million hours of classes across its platform and with 6.3

JKEDI inks MoU with HED, 'We HUB' for promoting startups, entrepreneurs

Jammu and Kashmir Entrepreneurship Development Institute (JKEDI) and Higher Education Department (HED) on Friday signed a memorandum of understanding (MoU) to promote the culture of entrepreneurship and innovation, an official spokesman said. Separately, JKEDI also signed an MoU with 'WE HUB', India's first and only state-led incubator of the government of Telangana to promote women entrepreneurship and startup culture here, the spokesman said. He said the MoU between JKEDI and HED was signed in presence of Commissioner Secretary, Industries and Commerce (I&C), Manoj Kumar Dwivedi and Commissioner Secretary, HED, Talat Parvez Rohella to lend expertise and evolve the ecosystem of entrepreneurship and startup environment in the colleges of the Union Territory. This MoU will boost the entrepreneurship and startup ecosystem here as this will help us to establish entrepreneurship development cells, innovation and incubation centers in colleges besides a module of entrepreneurship ...

Indian Bank, IISc-run society join hands to fund start-ups and MSME

Society for Innovation and Development (SID) will identify start-ups and MSMEs based on their credentials and refer the list of such members that require financial assistance to the bank

Small venture capital funds making a beeline for startups: Report

Investments into the startup ecosystem by micro venture capital funds (investments under 30 million) have jumped manifold to USD 341 million in the past three years

Goal-setting co Ally.io raises $50 mn from Greenoaks, Tiger Global, others

At a time when the pandemic has accelerated the adoption of technology among enterprises, Ally.io grew revenues by 3.3x.

Startup founders must aim to create institutions, not just valuations: PM

Modi on Wednesday urged India's startup founders to think how to create institutions and not focus on valuations alone

Tonbo bags multi-million-dollar deal for indigenising Indian missiles

Night-vision startup, which is backed by investors such as Artiman and Qualcomm, has an overall sales pipeline of over $2.5 bn with a near-term execution visibility of $300 mn

Venture capital starts 2021 with a bang after record Q4: Goldman

The 130% surge in year-to-date funding was led by Robinhood, Cruise Automation, Lalamove, Didi Cargo and Databricks, which cumulatively have raised over $9.4 billion

Iron Pillar leads $5 mn funding round in no-code automation company Ushur

Ushur uses natural-language processing and no-code automation to deliver 'digital first' customer experience solutions for industries like insurance, finance and healthcare

Agnikul Cosmos fires a single-piece fully 3D printed rocket engine

This is a unique rocket engine because it has been made as a single component in one run of the printer, and has zero assembled parts

Unicorn VerSe Innovation raises another $100 mn from global investors

The DailyHunt and Josh parent is now valued at $1.1 billion

Holistic plan needed to spur domestic funding for startups: Nasscom

Startup ecosystem will fuel innovation for India and help create sustainable jobs, and a holistic plan needs to be worked out to spur domestic funding for startups, a top Nasscom official

Manufacturing startup Zetwerk raises $120 mn to scale global operations

Its global network includes over 250 customers and more than 2,000 suppliers spread across 15 countries in North America, Asia-Pacific and West Asia

An impact analysis: Decoding the changes in rules and regulations in Budget

The Budget proposes to strengthen the NCLT framework with e-Courts system

Startup ecosystem can become India's growth engine in long run: Eco Survey

Indian startup ecosystem, which defied odds during a pandemic-hit year to create record 12 unicorns, has the potential to be the engine of growth in the medium to long run, the Economic Survey said

Ahmedabad startup Matter to launch EV two-wheelers in Q4 of Calendar 2021

Designed to cater to the mass adoption market, the vehicles will be eligible for FAME-II subsidies

Indian startups attract $10.14 bn in funding in 2020, says report

Indian startups are estimated to have received USD 10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said.

With talk of an IPO in the air, Falguni Nayar shares her Nykaa journey

Beauty, Nykaa's founder Falguni Nayar realised, is a very long-tailed business and with e-commerce picking up in India, it seemed like a good idea to venture into

Instamojo onboards more than 50% new recruits from Tier 2 and 3 towns

The fintech firm announced work from home as a permanent feature in the days ahead. The recent hiring cycle saw new hires from Tier II and III towns such as Krishnagiri, Kolar, Dehradun and Sitapur