Edtech Firm ConveGenius Raises $7M in Funding Round
About the company ConveGenius, an edtech company that offers personalized and adaptive learning solutions, was founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, with a vision to democratize quality education for millions of learners in India and other emerging markets. The company leverages artificial intelligence, data science, and gamification to create personalized and engaging […]
The Unexpected Pitfalls of Byju’s, the World’s Highest Valued EdTech App
Byju’s, the Indian edtech startup that became a global sensation, is now facing a series of challenges that threaten its survival. The company, which was once valued at $22 billion, has seen its valuation plummet to less than $3 billion, amid allegations of financial irregularities, misleading ads, aggressive sales tactics, poor quality content and employee […]
Velocity Unveils Rs 300 Crore Growth Fund for Bolstering B2B SaaS Ventures in India
In a significant move to boost the B2B Software-as-a-Service (SaaS) sector, Velocity, a revenue-based financing platform, has announced the launch of an innovative Rs 300 crore growth fund. This strategic initiative aims to empower emerging SaaS businesses in India, offering them a unique opportunity to scale their operations, refine product development, and extend their market […]
Slurrp Farm Secures $7.2 Million Funding with Support from Anushka Sharma
Slurrp Farm, a direct-to-consumer (D2C) snack brand for children, has raised around Rs 60 crore ($7.2 million) in a funding round led by Alkemi Growth Capital and Narotam Sekhsaria’s family office. The round also saw participation from existing investors Fireside Ventures and Raed Ventures, as well as Sharrp Ventures, the investment arm of Marico’s Mariwala […]
BluSmart Mobility Unveils ‘Rush Hour’ Pricing in Revised Fee Structure
What is BluSmart Mobility? BluSmart Mobility is an Indian ride-sharing company that offers 100% electric, sustainable and reliable mobility solutions. The company was founded in 2019 by Anmol Singh Jaggi, Punit K Goyal and Puneet Singh Jaggi, and operates in Gurugram, Delhi and Bengaluru. BluSmart’s fleet of vehicles includes the Mahindra e-Verito, Tata e-Tigor, Tata […]
Akshayakalpa Raises $12 Mn in New Funding Round Led by A91 Partners
Akshayakalpa Organic, a Bengaluru-based startup that specializes in organic dairy products, has raised $12.8 million in its Series C funding round led by A91 Partners. The funding comes after a gap of 16 months for the company, which claims to supply organic milk and related products to over 65,000 consumers daily in three cities. Investment […]
Zomato Introduces Daily Payouts to Boost Cash Flow for Small Restaurants
Zomato, one of the leading food delivery platforms in India, has announced a new feature called Daily Payouts for its restaurant partners. The feature, which is currently available to restaurants that receive 100 or fewer orders a month, aims to improve the cash flow situation of small eateries that face financial challenges with the current […]
GIFT City to Receive Rs 100 cr Investment from Paytm
Aiming to offer AI-driven cross-border remittance and payment solutions One97 Communications Limited (OCL), the parent company of Paytm, has announced that it will invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem. The company will make the investment over a period of time and will seek requisite […]
Decade of Innovation: Evaluating the Impact of Startup India After 8 Years
Introduction to Startup India Launched in 2016, Startup India aimed to build a strong ecosystem for nurturing innovation and startups in India. Eight years in, the initiative has seen a significant transformation in the Indian startup landscape. Success Stories and Profitability Trends Key players in the startup sector have shown promising profitability. MapMyIndia reported a […]
Simplilearn’s Economic Progress: Nearing Rs 700 Cr Income in FY23
Simplilearn, an edtech company that offers online upskilling courses, is on track to achieve a revenue of around Rs 700 crore in the current financial year, according to its founder and CEO Krishna Kumar. The company has seen a growth rate of about 80 per cent in the face of the Covid-19 pandemic and the […]