Bengaluru-based education tech startup, IMAX Program, announced that it has raised $13.5 million from the Michael & Susan Dell foundation, LGT Impact Ventures, and the startup’s existing investor, Aspada. The startup will employ the funds toward product innovation and expanding its consumer base via multiple distribution channels. It will also consider working with schools internationally. […]

Ahmedabad-based digital lending platform, Lendingkart, announced that it has raised $76 million (approximately Rs 500 crore) in a Series C funding round. The round was led by Fullerton Financial, a wholly-owned subsidiary of Temasek Holdings and saw participation from the Singapore-based fund, Sistema Asia. Over the past four years, the startup has raised approximately $173 […]

With plans to model it after the T-Hub in Hyderabad, which is home to over 200 startups, Telangana’s IT minister KT Rama Rao announced the date for the launch of a new women-focused startup incubator in the state. The startup incubator, WE Hub will provide assistance to women-led startups and will also be women-run itself. […]

Automotive manufacturer, Ashok Leyland, is reportedly pursuing an electric vehicle strategy involving partnerships with tech startups and huge investments in R&D. The strategy will go hand in hand with the company exercising fiscal discipline by reigning in CAPEX spending while redirecting and increasing its focus on its electric vehicle platforms for domestics as well as […]

The US Embassy announced the launch of the Nexus Startup Hub at the American Centre in New Delhi. The initiative aims to foster the startup ecosystem in India and bring the best American practices in entrepreneurship and incubation. Since its inauguration, 20 startups have completed the 10-week pre-incubation programme and of these, nine startups have […]