Page 5 - Startups

Kerala to have 15,000 startups, create 200,000 jobs in 5 years: CM Vijayan

Kerala has set a target of having over 15,000 startups and 2,00,000 jobs in emerging technologies in five years, Chief Minister Pinarayi Vijayan said on Saturday.

'SMEs and startups will benefit from India-UAE CEPA', says FICCI

The CEPA signed between India and UAE on Friday will lead to opening doors to new opportunities for trade and investments between two countries and benefit SMEs and startups, FICCI said on Saturday.

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.

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.

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

Udaan extends ESOPs to all staff, removes 1-year cliff clause for vesting

All future ESOP allocations at the B2B e-commerce start-up Udaan, will vest every quarter. The one year cliff period is a widely prevalent industry practice for employees' ESOPs to start vesting.

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

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

Spinny acquires AI-powered car connectivity solutions' startup, Scouto

Founded by ex-racecar driver Akshay Gupta (CEO) and Shubham Sharma (CTO), Scouto has built an end-to-end connected car technology suite.

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

Logistics start-up Xpressbees raises $300 mn to become 8th unicorn of 2022

There have been four unicorn fundraises this week (including Xpressbees)

Amazon India launches second season of start-up mentoring programme

The Global Selling Propel supports early-stage start-ups in the consumer products space to get into international markets.

Leadership coaching company Peakperformer raises $3mn in seed fund

The funds will be used for new markets, hiring talent and technology development.

Bugworks Research gets $18mn funding as it scales up clinical research

The Series B1 financing was led by Lightrock India

When founders need an 'Asoka moment'

Big tech has progressed humanity's most noble pursuits but has to grapple with destructive empathy deficit

B2B company Mintifi raises $40 mn in Series C funding to expand business

Mintifi works with over 100 leading brands that include Tata Motors, Bridgestone Tyres and Berger Paints for helping their supply chain

In-app gaming merchandising firm Rucept raises undisclosed seed fund

The company's products increase engagement, retention, and profitability for studios and creators.

Indian blockchain start-up Polygon bags $450 mn from Sequoia, Tiger Global

Polygon is an Ethereum scaling platform that enables developers to build scalable DApps (decentralised apps) with low transaction fees without sacrificing on security

Teenagers with out-of-the-box ideas tackling problems through start-ups

These young entrepreneurs are dispelling the myths associated with founders - that one has to be an engineer

Agritech startup EekiFoods raises $2 mn from Avaana Capital, others

It grows high-quality, residue-free Indian staple vegetables through its patent-pending Plant Growth System