Rs 15 Cr Agri Start-up Funding from IIM Kashipur Initiative
IIM Kashipur’s Foundation for Innovation and Entrepreneurship Development (FIED) and E-Cell recently organised the 7th edition of Uttishtha, the biggest agri start-up expo in India. The two-day event showcased a number of forward-thinking startups run by bright young people from all around the nation, who presented their products and services that support the agricultural industry […]
Vaan’s E-biking Vision: Changing India’s Travel
Vaan Electric Moto is an Indian lifestyle e-mobility startup that aims to revolutionize transportation with e-bikes. Founded in 2019 by Jithu Sukumaran Nair, a marine engineer and shipbuilder, Vaan has partnered with Benelli Biciclette, Keeway Group, to offer a range of e-bikes, e-scooters, e-mopeds, e-boats and apparel. Vaan launched its brand globally at the EICMA […]
Ola Founder’s Krutrim Becomes India’s First AI Unicorn
Krutrim, an AI startup founded by Ola founder Bhavish Aggarwal, has achieved a remarkable feat by becoming India’s first AI unicorn. The startup, which aims to build the country’s complete AI computing stack, has raised $50 million in a funding round led by Matrix Partners India, valuing it at $1 billion. Krutrim, which means “artificial” […]
RBI Approves Zomato Payments as Online Aggregator
Zomato, the leading online food delivery platform in India, has received the Reserve Bank of India’s (RBI) approval to operate as an online payment aggregator through its subsidiary Zomato Payments Private Limited (ZPPL). This will enable Zomato to offer integrated payment solutions to its customers and merchants, and compete with other payment aggregators like Tata […]
Ranjan Pai Buys 40% Stake in Aakash Institute: Byju’s Lifeline?
Ranjan Pai, the chairman of Manipal Education and Medical Group, has bought a 40% stake in Aakash Institute, one of the largest test-prep businesses in India, owned by edtech giant Byju’s. The Aakash board has approved the conversion of Pai’s $300 million investment, made during 2023, into equity, valuing the company at around $700 million […]
Drone Startup Squadrone Partners with Geodia Industries
Bengaluru-based drone startup Squadrone Infra and Mining has announced a strategic partnership with Geodia Industries, a leading company in AI and ML-driven exploration technology. The collaboration aims to tap into the lucrative market of mineral exploration in India, Middle East, and South Asia, and to leverage state-of-the-art technology for sustainable development and innovation. Squadrone Infra […]
Survey: 44% Investors Fueling Startup Growth in Tier II, III Cities
A recent survey by Primus Partners, a management consulting firm, revealed that 44% of investors have actively participated in supporting startups within Tier 2 and 3 cities in India, indicating a keen interest in the untapped potential of emerging markets. The survey also found that 64% of investors have directed their investments towards technology-based startups, […]
Seed Round Decoded: Dale Vaz’s Post-Swiggy Startup Journey
Dale Vaz, who served as the chief technology officer of food delivery giant Swiggy for three years, has launched his own startup in the fintech space. Aaritya Technologies, a personalized trading platform, has secured $6.8 million in seed funding from Accel Partners and Elevation Capital in September 2023. What is Aaritya Technologies? According to the […]
Nazara’s Subsidiary Buys Comic Con India for ₹55 Cr
Nazara Technologies, a leading gaming and sports media company, has announced that its esports subsidiary NODWIN Gaming will acquire 100% of the shares of Comic Con India Pvt Ltd, the organizer of the popular pop culture events in India, at a valuation of ₹55 crore. The deal will be completed within 90 days through a […]
AI Boosts Hiring Efficiency at Incruiter
Incruiter, a provider of interview solutions, is leveraging artificial intelligence (AI) to enhance the hiring processes of companies. The startup has recently launched IncBot, an AI video interview software that conducts the initial round of interviews and reduces hiring time by 80%. The startup was founded in 2018 by Anil Agarwal and is headquartered in […]