Startups

Cockroaches are startups that can survive a long period of funding winter, like the pests that can live through a nuclear wa...

The startup aims to accelerate the development and adoption of AI in clinical settings. The funding will be used to expand specialized tooling, increase hiring for engineering roles in its India office and grow its customer base. Medical imagery comprises about 90% of all healthcare data.

Edtech startup Classlogic raises USD 100K in seed funding round

Premium beer company Bira 91 on Tuesday announced it has raised $70 million in Series D funding, led by leading Japanese beer firm Kirin Holdings.

Indian cricketer Irfan Pathan launched the logos for an Indian Web3 integrated social media platform, ReelStar at an event in Melbourne, on Monday.

Wellness startup dealing with male menopause raises ₹5.5 crore in pre-seed funding

Poshn, a platform for wholesale processed commodity distribution & financing has announced that it is now the top trader of sugar and oil in Delhi NCR. Poshn provides a seamless and efficient procurement platform, especially for bulk-processed commodities in a highly fragmented agri supply chain market. The startup has partnered with over 500 wholesalers across eCommerce, modern trade, and general trade and has seen an aggressive adoption from across the supply chain. Poshn has reported a 7X annualized growth in the last 12 months with more than Rs 300 crore in trade. The company is also planning to trade in 10 additional commodities by the end of next year and has a PAN India presence.

Fintech lender Aye Finance has raised Rs 87 crore in debt funding from Swiss impact investor BlueOrchard and it will use the proceeds to expand finance to micro-enterprises in the country. The company has targeted to raise Rs 1,500 crore via debt this year, of which Rs 700 crore has been raised so far.

Edtech major upGrad on Wednesday announced that it plans to hire over 1,400 team members by March 2023 to continue its growth and expansion plans to impact learners in India and globally.

The fresh funding will be used to scale the platform, and to continue investing in its product and technology.It also aims to expand its presence in tier 2 and 3 cities as majority of its customers are from there.The company currently has over 15 lakh users and aims to serve over 10 million patients by 2025.

Indian edtech company Simplilearn raised $45 million from a consortium led by GSV Ventures, a multi-stage venture capital firm on Wednesday.

Kae Capital led the funding round in fintech startup Bold Finance. The round also saw participation from Bold Finance’s existing investor Antler India, along with a clutch of angel investors. Bold Finance has already opened over 50 branches in just seven months in the Mumbai suburbs.

Astra, a rocket startup based in the US that went public last year, has fired 16 per cent of its staff as part of a wider strategy to increase the shrinking financial runway and decrease expenses.

City-based drone-as-a-service company Garuda Aerospace said that has raised $5 million from a large infrastructure development company, high-net-worth individuals and angel investors.

Pet-care startup Supertails. com announced on Wednesday, November 9, 2022, that it has raised $10 million in Series A funding from Fireside Ventures, a Bengaluru-based investment firm. The round also saw participation from existing investors such as Saama Capital and DSG Consumer Partners. Supertails. com was founded in 2021 by Varun Sadana, Aman Tekriwal, and Vineet Khanna to address the needs of first-time pet owners.

CureBay, an Odisha-based health-tech startup on Wednesday said that it had raised ₹50 crore in a Series A funding round led by Elevar Equity, a US-based private equity firm. CureBay plans on launching 100 eClinics in the next twelve months and will use the funds raised to acquire skilled talent, expand to new locations and further strengthen the tech platform and care delivery model.

Edtech major Unacademy on Monday laid off 10 per cent of its workforce or nearly 350 employees, as funding winter deepens for the Indian startup ecos...

The founder of the company, Bharat Daftary, also participated in the round, the company said in a statement.It plans to use the proceeds to accelerate the development and commercialisation of proprietary test kits, upgrade manufacturing facilities, expand its lab network, and scale up talent.Founded in 2019, the company has developed PCR-based test kits in collaboration with European research labs.

IPO-Bound car search platform CarDekho Group on Monday said it aims to infuse $100 million in its Fintech entity called Rupyy in a mix of debt and eq...

ZedBlox, a cutting-edge cold-chain technology company, has raised 2.25 crore in the latest pre-Series A funding from FutureThoughts, Sanpra Investment, and other angel investors.

Electra EV will utilize the raised capital for expanding its product portfolio across e3 Wheelers, e4 Wheelers, agricultural applications, and other EV segments to serve both domestic and international manufacturers.

Indian startups are going through steep hiring cuts and the hiring of permanent employees has dipped by a significant 61 per cent in the last 12 months, a new report showed on Monday.