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Indian Startups
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Salesforce backs Indian payments startup Razorpay
“At Razorpay, we want to make further strides on the idea of investing in India’s digital future and building an intelligent payment and banking infrastructure for the new-world. We are…
Delhivery launches innovation lab to support startups in logistics
Logistics and supply chain startup Delhivery said on Monday that it has partnered with Mumbai-based startup Réseau, a specialized operator of industry-backed accelerator programs, to launch the Delhivery innovation lab.…
Cars24 Nearly Doubles Valuation To Over $1.8 Billion After Fund Raise
Used-car platform Cars24 said on Monday it has raised $450 million from investors including SoftBank Group Corp’s Vision Fund 2, nearly doubling its valuation to $1.84 billion. The fund raise…
Dunzo pilots drone delivery of vaccines in Telengana
The trial is a part of ‘Medicines from the Sky’ project and will see hyperlocal delivery service Dunzo partner with New Delhi based drone delivery solutions provider Skye Air to…
2 spacetech startups get access to ISRO facilities, expertise to test rocket systems
The Department of Space has entered into a Framework MoU with aerospace startup Agnikul Cosmos for access to ISRO facilities and expertise towards the development and testing of subsystems/systems of…
Droom looks to raise ₹1,000 cr from share sale early next year
“The company plans to raise up to ₹1,000 crore through the IPO, which will be a mix of primary and secondary share sales,” the person said, adding that the initial…
Spike in compliance costs may hit tech startups hard
NEW DELHI : Crippling compliance costs arising from upcoming data regulations could sink many small technology startups, experts aware of the rules said, underlining concerns raised by industry organizations. The…
Why does a VC reject your pitch?
Sometimes we reject very good companies, which pass all of the above criteria because there is another company ahead of it in the mental stackrank, one which we believe is…
Indiagold gets $12 million funding from PayU, others as gold loans surge
Bengaluru: Indiagold, a gold-based lending platform started by two former Paytm executives, has raised $12 million in fresh funding to make the most of the pandemic-induced surge in loans against…
Nazara Technologies acquires OpenPlay for Rs 186 crore
Gaming and sports media platform Nazara Technologies has acquired Hyderabad-based skill-based gaming company OpenPlay for about Rs 186 crore. While Gamify learning and e-sports contribute around 81% to its revenue,…
Digit Insurance raises fresh funds at $3.47 Bn valuation
General insurance provider Digit Insurance had announced in July that it raised $200 million at a valuation of $3.5 billion. Motor is the largest category for Digit Insurance which contributes…
A91 Partners closes second fund at $525 million
Investment firm A91 Partners has closed its second fund, notching up a corpus of around $525 million amid heightened deal activity in India, two people in the know of the…
Koo app clocks 1 crore downloads in less than 18 months of operations
New Delhi: The Koo app, a homegrown rival to US-based microblogging site Twitter Inc., has clocked one crore downloads in less than 18 months of operations. The app had won…
Droom converts Indian entity to public limited company
Online automobile marketplace Droom, which recently announced its $200 million pre-IPO round, has converted itself from a private limited company to a public limited company. According to the company’s regulatory…
Curefoods raises $13 mn in Iron Pillar-led Series A
Curefoods, a cloud kitchen platform floated by Cure.fit co-founder Ankit Nagori, on Wednesday said it has secured $13 million as part of its Series A funding round led by venture…
SuperGaming raises $5.5 million in Series A round
Indian game development studio SuperGaming has raised $5.5 million in its Series A round from a clutch of ivestors, including Skycatcher, AET Fund, BAce Capital, Dream Incubator, 1Up Ventures and…
