Startups News

Indian agrifood startups received a record $4.6 billion in investment in FY 2021-22, up 119 per cent year-over-year, as the country overtook China as Asia-Pacific's biggest funder of agrifood-tech innovation, a report showed on Wednesday.

CRED said that it will acquire SaaS startup CreditVidya in a stock-and-cash deal. The two organisations will work independently, but CRED will offer benefits, including stock options, to CreditVidya’s team members. Earlier in 2021, CRED also acquired liquor delivery app HipBar and expense management platform Happay.

Indians startups leased the most office space in the first half of 2022.The startup sector saw an expansion in gross leasing with its share growing from 17% in 2021 to 28% in the first half of 2022.Bengaluru had the most leased space by start-ups with an increase from 1.75 million sq ft in 2021 to 2.19 million sq ft in the first half of 2022.

Edtech company Simplilearn on Monday announced that it has acquired a US-based bootcamp education company, Fullstack Academy, for an all-cash transaction. The company, however, did not disclose the acquisition amount.

BluPine Energy said that it has completed the acquisition of 404 megawatt operating solar power assets from Atha group. The acquisition will help Blu...

A show named The BarberShop with Shantanu has released the first episode of its second season. The show aims to make 20 investments to the tune of ₹5...

RapidBox, a direct-to-consumer startup active in footwear, sports, and fashion category announced on Thursday, that it raised $4.5 million in a series A funding round.

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.