Bengaluru-based computer and network security startup, Subconscious Compute (SubCom), raises $1 million for its technology focused on helping users monitor the safety of their devices. SubCom’s service monitors, tracks, and analyzes data and potential threats on users’ devices, using the information gathered to create a more easily understood ‘Trust Score’ that makes clear the level […]

Bengaluru-based women’s clothing startup, BlissClub, raises $15 million investment for its focus on women’s activewear. The company offers its products directly through its e-commerce platform, on Amazon and Myntra, so far. BlissClub also uses a hashtag, #MovingIt, to create a community environment on social media, with customers using the tag in posts showing the activewear. […]

Chennai-based cold storage transportation startup, Tan90, raises a new investment round worth Rs 5 crore. The startup focuses its services and research on environmental sustainability and energy efficiency in order to help reduce the carbon footprint within the industry. Tan90 offers different options for cold storage transportation for businesses based on the products, such as […]

Bangalore-based Dogsee Chew raises Rs 50 crore in a new investment round for its natural pet food products. The startup focuses on creating products that are grain-free, gluten-free, unprocessed, free of additives, preservatives and chemicals, according to its website. “Mankind Pharma has an established history of creating highly successful consumer products,” Co-founder at Dogsee Chew, […]

Bangalore-based produce startup, Living Food, raises $7.5 mn investment round for its e-commerce marketplace. The startup’s platform and primary service focus on providing fresh grocery options in a variety of categories directly to customers within Bangalore itself. Customers can shop by collection, use, or type of products including sections such as beverages, breads and spreads, […]

Chennai-based digital learning startup, Disprz, raises new Series B investment round worth $13 million. The startup’s education offerings and services are aimed at businesses in order to help businesses’ employees gain knowledge and technological skills, among other aspects. The company’s platform uses artificial intelligence. “We started out as a single product company, but are now […]

Mumbai-based retailtech startup, LoveLocal, raises new investment round worth $18 million. The startup provides local retailers and merchants with a variety of services through its digital platform. “The fundamental Achilles heel for all large players is that local retailers don’t trust them,” Co-founder at LoveLocal, Akanksha Hazari said, as reported by Economic Times. “There’s a […]

Bengaluru-based electric two-wheeler startup, kWh Bikes, raises a new $2 million investment round. The startup’s product has been designed and the company has built a prototype of the bike, which sees a range of 150 kilometers on every full charge, and reaches a top speed of 70 kilometers per hour. The electric bike is currently […]

Bengaluru-based FrontRow raises a new investment round worth $14 million for its creativity and skills-focused digital education platform.  The startup offers courses and lessons in ten different sectors that users can take for a cost. The lessons are taught by 17 famous personalities from within the sectors.  “More than 70% of learning is actually outside […]

Bengaluru-based SaaS and artificial intelligence startup focused on automating the customer experience for companies, Skit, raises $23 million. The startup provides customers with a range of services based in speech and voice automation. “This investment comes when we are making strategic inroads into the US and Southeast Asian markets,” Co-founder and CEO of Skit, Sourabh […]

Pune-based electric vehicle-focused startup, BatteryPool, raises new investment round for its battery and charging services.  The startup focuses its smart, software-based battery-changing product toward fleets of electric vehicles and the commercial automotive sector. BatteryPool was founded in 2018 by Ashwin Shankar.  “We identified that while EVs made sense commercially, challenges around battery charging can lead […]

Chennai-based carbon fibre focussed 3D printer startup, Fabheads Automation, has raised new funding in an extension of its most recent pre-Series A round. Investors in the current pre-series A extension round include Rockstud Capital, FirstPort Capital, and Bliss Flow Investments.  Industries that employ carbon fiber technology range from aerospace to logistics, and the automotive sector, […]

Hyderabad-based banking and fintech startup, Pencilton, raises new investment round worth $330,000.  The startup’s services, including a debit card and mobile app, are aimed at teenagers in order to encourage financial management and literacy. Pencilton also offers specific features aimed at parents, including controlling and adjusting spending limits and transferring money directly to their accounts.  […]

Gurugram-based DotReview has launched its digital platform focused on the startup founder community and investors.  The platform, much like a ‘Glassdoor’ for startups, provides startups and founders with a digital space for reviews and information about investors, with a view to easing the funding process.   “I want founders to focus more on their product and […]

Bengaluru-based healthtech startup, Eka.Care, founded by former co-founders of Goibibo, raises seed round worth $4.5 mn for its digital platform and services. Investors in the round included early-stage venture capital firms – 3one4Capital, Eximius Ventures, Speciale Invest, – and a clutch of angel investors such as Deep Kalra, Ashish Kashyap, Rajesh Magow, Kunal Shah, Abhishek Begerhotta, […]

Bengaluru-based interactive learning startup, Quizizz, raises a $31 million investment round for its platform and services.  The startup’s platform provides resources for educators to help make learning more interactive through gamification, quizzes, and other interactive elements. The service has established a presence in approximately 65 percent of American schools, so far.  “In an average week, […]

New Delhi based financial services startup, Progcap, raises new investment round worth $25 million.  The company provides lending options for Indian retail businesses through its fintech platform. Investors in the round include Tiger Global and Sequoia Capital India.  “Progcap has built a unique product to cater to the working capital needs of small Indian retailers […]

Gurugram-based Breathe Well-being raises a new investment round worth $1 million for its diabetes-focused digital healthcare services.  The startup’s mobile app, Breathe, provides users with a platform and program of resources and tools to have manage and control type 2 diabetes. The program includes educational videos, coaching, a community aspect and challenges to complete in […]

Gurugram-based vocational education startup, Virohan, raises Series A investment round worth $3 million.  The startup provides educational courses and certifications specifically for healthcare professionals. Courses offered by Virohan are Emergency Medical Technician, Medical Laboratory Technician, Operation Theatre Technician, Hospital Administration and Radiology Technician. The programs are presented via short video content, quizzes and other features.  […]

A software as a service (SaaS) startup focused on the healthcare industry, CareStack, raises a new investment round worth $22.5 million.  The startup’s cloud-based software provides a variety of management services for the dental industry, including clinics and dentists offices, that allow users to manage customer information, records, billing, and other aspects of the process.  […]

LearnVern receives a new investment round worth around $1 million for its e-learning platform focused on helping its students prepare for employment.  Since the startup’s founding in 2016, LearnVern has grown to offer over 50 free courses and certificates in a variety of local languages on its platform, so far.  The Ahmedabad-based startup also has […]

Bengaluru-based internet and telecommunications startup, Astrome Technologies, creates new wireless internet solution called GigaMesh.  The product uses meshed wireless networking technology to bring higher-speed wireless internet connections to areas that don’t have access to high-speed fiber internet connections.  The startup was founded in May 2015 by Neha Satak and Prasad Horabailu Laxminarayana Bhat and went […]

Bengaluru-based financial services startup, Cred, may be set to raise a new investment round worth $200 million. Cred provides a digital fintech platform allowing customers to use their service to pay credit card bills, among others, and receive rewards points in return. The startup also provides an online store known as Cred Store, where users […]

Higher education and digital learning startup, ImaginXP, raises a new investment round worth $1.5 million.  Since the startup’s founding in 2013, ImaginXP has provided users and partners with an online platform focused on providing learning opportunities virtually, using online features and tools.  The startup’s online degree programs see approximately 2,500 students so far. ImaginXP offers […]

Mumbai-based financial services startup, SarvaGram, raises Rs 77 crore in a new investment round.  The startup works to provide lending services to households in rural areas of India to help improve the citizen’s livelihoods and homes. The startup provides customers with financial help through digital payments.  SarvaGram provides users with fast decisions regarding lending and […]

Gurugram-based digital gaming startup, Zupee, raises a new Series A investment round worth $10 million.  The startup provides users with a mobile app with quizzes and trivia games live so players can compete against one another to win cash prizes.  The new funding round will be put toward continued growth plans and market expansion plans, […]

Bengaluru-based financial services startup, CRED, raises new investment round, bringing up the company’s total valuation to $806 million.  The startup provides users with a digital platform that they can use to pay credit card bills and payments while earning rewards. The startup now also allows users to pay rent via its service and has launched […]

Amritsar-based transportation startup, eBikeGO, has formed a new business partnership with electric vehicle company, Hero Electric.  The two companies plan to use their abilities in the last mile delivery sector, delivering products to their final destination on the route. Hero Electric and eBikeGO have plans to help the sector move into electric vehicle technology options.  […]

Noida-based financial services startup, Pine Labs, raises new investment round worth between $75 million and $100 million. The fintech startup operates an e-commerce platform focused on bringing merchants with storefronts online. Pine Labs offers a variety of services including point of sale options, online payments and a “Pay Later” service. “Small businesses and consumers are […]

Gurugram-based e-commerce and automotive startup, CARS24, reaches unicorn status with its valuation hitting $1 billion.  The startup’s platform and services are focused on the automotive industry, with an emphasis on second-hand. The startup buys used cars from customers via its digital platform through a series of steps, making it easier for users to sell vehicles.  […]

Online learning startup, Byjus’s announces its newest program, ‘Byju’s Give Initiative,’ to help make education accessible for children in India.  The Bengaluru-based startup has created the Give Initiative as part of its greater umbrella program, “Education for All.”  “At the heart of this initiative, lies a humble dream of every member of the Byju’s family […]

Gurugram-based food delivery-focused startup, Zomato, raises a new investment round worth $195 million.  The startup provides a website and mobile app based on the food and beverage sector. Customers can use the digital platform for food delivery services, to look up new restaurants, browse menus and read reviews, among other services.  Since the startup’s founding, […]

Bengaluru-based electric vehicle startup, Ather Energy, raises new Series D investment round worth $35 million.  Since the startup’s founding in 2013, Ather Energy has focused on developing and launching electric two-wheelers. The startup was founded by Arun Vinayak, Swapnil Jain and Tarun Mehta.  “Electric vehicles are here to stay and Ather Energy is playing a […]

Marketing and sales automation startup, Slintel, raises Series A investment round worth $4.2 million.  The startup’s online platform uses artificial intelligence and data analytics to allow businesses to reach potential customers for their products and services. Slintel currently has around 100 customers, with plans to triple that number in the next two years. The new […]

Pune-based real estate focused startup, Renewate Infrastructure Technologies raises new investment round for its mobile app and digital platform.  The startup uses artificial intelligence, among others, allowing professionals in the construction, real estate development and management sectors to move their services online. This further allows projects within the sector to move and come together quicker.  […]

Sales conversion and business management startup, SquadStack, raises $5 mn in a new investment round.  The startup focuses its products and services on helping businesses improve and manage the sales aspect of their business, by monitoring and improving conversions.  The startup was founded in 2014 and has headquarters in both New Delhi and San Francisco. […]

Bengaluru-based education technology startup, Byju’s, continues raising funding for its current investment round.  The startup’s online learning-focused platform provides a variety of educational content, including the startup’s mobile app, online tutoring services, personalized services and test preparation, among others. With the newest ongoing investment round, the startup is currently worth approximately $11.1 billion, Economic Times […]

An education and learning startup with a focus on software development training, Newton School, raises a new investment round worth $650,000. Since the startup’s founding in 2019, Newton School has worked to make software development more accessible, to further allow career opportunities.  “While software engineering is one of the highest paying and fastest growing career […]

Bengaluru-based edtech startup, QShala, raises new investment round worth Rs 27 crore for its focus on providing digital learning opportunities.  The platform is available for children in Class 1 and older while meeting the newest policy changes put forward earlier this year, in the National Education Policy. Founded in 2011, QShala is owned by Walnut […]

Andheri-based education startup with a focus on coding, WhiteHat Jr is set to expand its team of educators.  The startup’s platform currently employs over 7,000 educators, 84% of which are under the age of 35, as reported by Livemint.  WhiteHat Jr provides education offerings for students between 6 and 18, matching them with the right […]

Adapting to a Covid-19 world, Y Combinator has announced the 197 startups for the newest remote round of its three-month incubation program.  Since its founding in 2005, Y Combinator has worked to provide startups with opportunities for growth through its startup accelerator. The program provides selected startups with mentorship, networking and opportunities for investments, among […]

Bengaluru-based aerospace startup, Pixxel, raises $5 million for the development and launch of its earth imaging satellites.  The startup is working to create a group of satellites to take images of the earth while in space, every 24 hours. “Pixxels satellites will collect information-rich data at a much higher quality than todays satellites that will […]

Bengaluru-based short video and social media startup, Chingari, raises $1.3 million for its mobile platform.  The company’s platform allows users to create and upload content, as well as engage with other users, similar to other social media sites. Creators then receive 30 percent of the revenue made from the platform from companies.  “Sumit and team […]

Hyderabad-based T-Hub launches the fourth round of its startup incubation program, Lab32.  Lab32 will be hosted in a hybrid-learning model, making it a digital four-month process due to the Covid-19 pandemic.  “The current global crisis has hit the growth trajectory of our startups.” T-Hub’s CEO and Telangana’s Chief Innovation Officer, Ravi Narayan, said, as reported […]

Small business-focused financial lending startup, Aye Finance, raises Rs 210 crore in new investment round.  The Gurugram-based company distributes funding to small businesses based on predictive analytics and other research and statistics-driven methods, rather than traditional reports, which opens up funding opportunities for those smaller companies.  The startup has provided around Rs 3000 crore in […]

By Varun Alagh and Ghazal Alagh The Prime Minister’s clarion call to support local brands has captured the country’s imagination during these challenging times. Whether it’s Fevicol or Asian Paints or Mahindra & Mahindra, local brands have always found a way to retain market share and build brand loyalty. But today, there is a massive […]

Coworking space startup, WeWork India, is set to receive a new investment worth $100 mn from its parent company, WeWork.  The Indian branch of the startup was founded in 2017 and is based in Bengaluru. The startup last raised funding worth Rs 500 crore last year.  “This financing will support WeWork India’s long-term strategy, focused […]

Mumbai-based online health and fitness platform, Stepathlon Lifestyle, raises new investment for its group-focused digital events and activities.  The platform turns physical fitness into an interactive game-like activity by bringing users together digitally. The company has worked with approximately 722 companies to host these activities.  “At a time when the world is dealing with the […]

As the Covid-19 pandemic has caused economic instability for companies, many Indian startups have responded by increasing employee stock options.  Companies increasing availability for their Employee Stock Ownership Programs (ESOPs) include Grofers, Paytm, Bounce, Zomato and Oyo. The stocks are mostly coming from those previously owned by founders, as reported by Economic Times.  “Any company […]

As the global need for protective face masks has risen during Covid-19, Nanosafe Solutions has created a new protective mask called ‘NSafe.’ Nanosafe Solutions is a biotechnology startup based in New Delhi. NSafe, which was unveiled on May 6th, has three layers and is currently in the manufacturing process.  “We believe this is the first […]

A travel startup focused on personalized experience packages, Flynote.in, sees impact of Covid-19 pandemic in employee layoffs.  The Bengaluru-based company was founded by Abhinav Prakash, Ankit Abhishek, Devvarat Meena, Parth Pratik and Shukant Agrawal.  Several of the 90 employees who were laid off, found out in an email, as reported by Livemint. The layoffs come […]

As part of the ACT Grants Initiative, stemming from the Covid-19 pandemic, investors, founders and other members of the Indian startup sphere have come together to fund companies and projects.  The initiative has seen 1,500 applications from startups so far, with 32 having received funding, as reported by TechCrunch. Selected startups are chosen by a […]

An Internet of Things startup’s newest development could help sanitize essential buildings such as hospitals to aid in the Covid-19 pandemic.  The sanitizing machine developed by BridgeThings IoT, uses UV-C technologies to kill infectants including viruses and bacteria, among others, and preventing them from reproducing. The device works by connecting to the cloud.  The product […]

In an effort to help communities in need, the ‘FeedMyHyderabad’ initiative has provided two lakh meals in the city so far.  The ‘FeedMyHyderabad’ plan is part of a greater national initiative, ‘FeedMyCity’ which was launched by the KVN Foundation. The programme has seen partnerships with companies such as HungerBox and is run by a leadership […]

Bengaluru-based startup, Beatest, is out to revolutionise hiring in the country by using Artificial Intelligence (AI) to screen a candidate for his Personality, Behavioral and Technical Profiling, and hence, removes the need to go through degrees and marksheets. The Beatest team claims that using their platform helps corporates reduce time spent on recruitment by 33 […]

SheThePeople held the 5th edition of Digital Women Awards on November 23, 2019 in Gurgaon. NewCrop was the Online Media Partner of this prestigious event. The event, founded by Shaili Chopra, awarded women achievers from diverse fields. From game designers and apparel designers to bloggers, women from various walks of life were recognised. Panels comprising […]

Just days ahead of Digital Women Awards 2019, NewCrop caught up with Shaili Chopra, Founder, SheThePeople and discussed her vision behind the awards and advice for women entrepreneurs in the digital space. Digital Women Awards 2019 are slated to be held on November 23 in Gurugram. NewCrop, India’s foremost video platform for startups and entrepreneurs, […]

The future is two things — women and digital; and combining both is the Digital Women Awards 2019 by SheThePeople, a women-focussed digital news channel. Touted as India’s biggest initiative to recognise women entrepreneurs, the #DigitalWomenAwards 2019 sets out to celebrate talent, entrepreneurship, innovation, and creation among women on the Internet. NewCrop, India’s foremost video […]

Bengaluru-based fintech startup, Groww, raises new series A investment round for its mutual funds-focused services. The startup provides an online platform which customers can use to sell and invest in mutual funds. “There are 200 million people with investable income in India, but only 20 million investors,” Lalit Keshre, the Chief Executive Officer at Groww […]

An artificial intelligence startup, DeTect Technologies, which focuses its product usage to help energy sectors, has raised a new investment round worth $3.3 million. The startup provides services which help detect and locate leaks in energy services such as pipelines, among others. Funds from the Series A round will be used to make changes and developments […]

Awfis Space Solution Private Limited, a New Delhi-based co-working startup, plans to focus efforts on expansion plans in Pune. The startup currently has 55 co-working centres covering nine cities in India. Awfis has a presence in Bengaluru, Mumbai, Delhi, Noida, Kolkata, Pune, Chandigarh, Hyderabad and Gurugram. “Pune has proved to be an ideal ecosystem of […]

Fyle and Facilio, two startups in the software sector, may be set to receive a new investment each, from Tiger Global Management. While not confirmed, discussion in regard to the investments are in the later stages, three sources said, as reported by Economic Times. Funds for the two investments would come from Tiger Global Private […]

Gurugram-based Burger Singh, a food and beverage startup, is in talks and discussion with potential investors to raise a new Series B round. “We will start looking out for Series B round of funding in a tune of Rs 50 crore before the end of this financial year,” Founder and CEO, Burger Singh, Kabir Jeet […]

Bengaluru-based FreshMenu,  a food delivery startup, could be getting ready to raise new funding worth up to $75 million. The startup, which provides customers with an online platform via which they can order food, currently has grown to 36 locations for its kitchens since its founding in 2014. “About seven-eight funds have evinced interest and […]

A lending-focused startup based in Chennai, OptaCredit Fintech Pvt. Ltd., is in talks to raise a new investment round worth between $8 million and $10 million. The company provides an online platform which potential borrowers can use to apply for loans. The company then uses artificial intelligence-based technology and other methods to assign the borrower […]

Bengaluru-based pi Ventures has finished raising funds for its first fund aimed at technology-based startups in various sectors. The fund, which is now worth Rs 225 crores at the end of the fundraising, will be used by pi Ventures to fund approximately 18 – 20 startups. The company has made six investments already. The investments […]

A financial services startup with a focus on employees of smaller businesses, Qbera, has raised a new investment round worth $3 million. Having started services earlier this year, the company founded by Aditya Kumar and Anubhav Jain has a focus on personal lending and involves some criteria to be eligible for a loan, including a […]

Bengaluru-based Livspace, a startup which assists its customers in designing and re-creating their home-spaces, has raised $70 million. Livspace was founded by Anuj Srivastava, Ramakant Sharma and Shagufta Anurag in 2014. The company is currently being used on over 1500 homes, as reported by Economic Times. The startup also has set up design experience centres, […]

Mumbai-based financial services startup, Kissht, has raised a new round of funding worth $30 million for its online credit service. The startup provides an online platform for customers to pay for products purchased online, over time, without a credit card. The round brings the company’s total investments received to $43 million. “Our data-centric algorithms and […]

Mumbai-based Upwards Fintech Pvt. Ltd., a credit and lending-focused financial services startup, has raised a new investment round worth $5 million. The startup, which has disbursed Rs 4 crore in loans since November 2017, offers a lending service which can loan out funds reaching a maximum of Rs 50,000, in the form of personal lending. […]

Milkbasket, a food-focused delivery startup, plans on team expansion in order to improve the company’s technology offerings. Specifically, the company is looking to grow its engineering department. Since its founding in 2015, Milkbasket has grown to become a 300-person company. The startup provides users with a platform via which they can have groceries delivered to […]

Mumbai-based food and beverage startup, Haazri, has raised a fresh investment round worth Rs 1.25 crore. The startup was founded by Karan Shinghal, Arjun Midha and Dhruv Agarwal and provides tea, coffee and various snacks to the people of Mumbai, so far having a presence within around 50 office locations. “Our vision with Haazri is […]

The ‘UK-Kolkata Interactive Session with Tech Startups’ event by The British Deputy High Commission in Kolkata saw 22 startups from various sectors in attendance. The event was held to bring together startups with a focus on technology. “There is a perception that business climate is not conducive in Kolkata and East India, but perceptions can be […]

Delhi-based restaurant table reservation startup, EazyDiner has raised a new Series B investment round worth Rs 41 crore. The company provides a platform to assist users in making decisions when eating out based on reservations, reviews and other aspects of the service. The startup has a presence in 11 cities throughout India so far. “India’s […]

16 companies have come out the other end of a year-long startup accelerator program called SAP Startup Studio. “We are working to nurture and build a strong startup ecosystem in India by providing best in class infrastructure, expert mentorship and networking opportunities startups need to become successful,” Dilipkumar Khandelwal, Managing Director of SAP Labs India, […]

A health-tech startup focused on helping doctors provide better and more efficient care to patients, HealthPlix raised $3 million. “Population level health problems can be better managed if digital tools assist doctors at the time of treating their patients,” HealthPlix co-founder Sandeep Gudibanda said. “Our goal at HealthPlix is to drive better Health Outcomes by […]

Financial services startup with a focus on mobile payments, Paytm, has purchased new land in its home state of Uttar Pradesh. The new land was purchased for a new headquarters in the same city of Noida as its current headquarters. “In addition to providing a platform for scaling up operations, this new facility would help […]

Bengaluru-based artificial intelligence startup, Entropik Technologies Pvt. Ltd., raised new funding to further develop services among other purposes. The company has developed a software called Chromo, which can assist in emotion recognition. The startup also provides an audience analysis to companies using analysis of facial expressions and tracking eye movements among others, Livemint reported. Chromo, […]

A startup with an online platform to help both buyers and sellers in the real estate industry, HousingMan has raised a seed funding round. “Home buyers are often confused with conflicting messages that they receive about properties,” Co-founder of HousingMan, Rajendran R said. “The reality is that one person may prefer a particular property which […]

Bengaluru-based Goodbox, a mobile app startup focused on businesses, has been purchased by SmartQ for $800,000. The company was founded by Abey Zachariah, Mayank Bidawatka, Nithin Chandra, Mohit Maheshwari, Anand Kalaginamani, Mahesh Herle and Charan Shetty. The startup provides a platform for businesses to create mini apps within their mobile app, making it easier to […]

A new platform focused on the startup space by Bombay Stock Exchange (BSE) will be launched later than originally planned. The platform is meant to encourage, support and entice startups by providing a listing space for companies in a variety of sectors ranging from technology to sciences. “BSE has decided to postpone the split of […]

The finale stage of the Smart India Hackathon – Hardware edition set the stage for an entrepreneurship-based announcement by Dharmendra Pratap Yadav, Secretary, Micro, Small and Medium Enterprises Department (MSME) , Government of Tamil Nadu. The announcement came regarding the state’s new startup policy, the “innovation voucher scheme,” which has been planned by the state […]

A robotics startup focused in the food sector, Mechanical Chef, hopes to launch a product in 2019 to ease in the Indian cooking process. Co-founded by Cohan Sujay Carlos and Arpit Sharma, the startup comes soon after the new Boston-based Spyce, a robotics kitchen-equipped restaurant launched. After a person fills in basic item for cooking […]

Bengaluru-based RentSher has raised fresh funding worth $1.1 million for expansion plans among other aspects. The e-commerce startup provides users with an online platform to rent products among other services. Products available on the platform focus on electronics in a variety of sectors including healthcare. Part of the newly raised funds will be put toward […]

In an effort to support the work of Indian startups working on their first products or services, YES SCALE, an accelerator programme, was launched by Yes Bank. Mumbai-based Yes Bank has a presence in India since its founding in 2004. The financial services company will be investing Rs 4.5 crore into the programme. “This is […]

Bengaluru-based Events High, a startup focused on events and activities discovery, has been acquired by Treebo Hotels, a hotel chain which around 400 hotel branches. The acquisition’s hope to expand and grow the travel startup’s business and online platform, according to Siddharth Gupta of Treebo Hotels, as reported by Livemint. The startup provides users with […]

Acko Technology and Services Pvt. Ltd, a Mumbai-based financial technology startup, has raised a $12 million investment round. Since its founding in 2016, Acko has formed partnerships with companies like Ola to expand its customer-base and has raised equity funding worth $42 million. The startup also received its Insurance Regulatory and Development Authority in 2017. […]

Mumbai-based Charcoal Eats, a restaurant startup, has raised Rs 5 crore in new funding for the brand among a number of purposes. The company, which works to be a quick service restaurant service (QSR), provides customers with both delivery and dine-in services in the areas of Mumbai, Pune, Delhi-NCR, and Nashik. “We have achieved the […]

New Delhi-based consumer tech startup, boAt, has raised a new investment round to further develop products among other purposes, according to the startup. The company founded by Aman Gupta and Sameer Mehta which sells 4,200 items on a daily basis, has raised funds worth Rs 6 crore, according to news reports. “The company’s products have […]

Transportation-focused Indian electric vehicle startup, Lithium Urban Technologies Pvt Ltd, may be receiving a new investment worth up to $8 million. The new funding, which would come from International Finance Corporation (IFC), would help in structuring the company’s systems, as reported by Deal Street Asia. The funding would also be in the form of an […]

Bengaluru-based fintech startup, Capital Float, has received $22 million from Amazon for its online lending platform focused on small and medium businesses. The new funding raised by the company, which is a non-banking financial company, will be put toward technology development and its loan book, according to Gaurav Hinduja, as reported by Livemint. Hinduja co-founded […]

ShoeKonnect, a footwear-focused mobile platform startup, has raised a new investment worth Rs 3 crore from Info Edge India. Currently in a proof-of-concept phase, the New Delhi based startup provides a platform on which manufacturers and buyers of footwear can connect. “We have invested in ShoeKonnect because it is a young, passionate team with relevant […]

Bengaluru-based startup, Pitstop, has reportedly raised Rs 10 crore (approximately $1.6 million) in a pre-Series A funding round. The funding round witnessed participation from the startup’s existing investors and was led by Singapore-based GoldBell Group and Blume Ventures. The startup plans to use the funds received to scale up its ‘Doorstep Service’ across Bengaluru and […]

Aiming to provide expecting mothers with high quality, personalised healthcare options, PregBuddy, has raised a seed funding round. The health-tech startup provides users with a platform connecting them with healthcare professionals. The platform provides its users with medical care that is personalised to them after taking into account a variety of aspects including their medical […]

Hyderabad-based ed-tech startup, IndigoLearn, has raised $150,000 in seed funding. The funding round saw participation from angel investors based in India, US, and Europe. The startup provides e-learning solutions to students and professionals in the finance and accounting segment. “There is a dearth of quality players in this space. I see good potential for players […]

Creator of the Blink Watch, Witworks Consumer Technologies, has been bought out by Myntra, which is owned by e-commerce company, Flipkart. Using a platform also created by the startup, the Blink Watch can be worn by users while providing other technology-based services rather than only being used to tell time. With Myntra’s recent shift to […]

A startup focused on education for students, Embibe, is set to receive an investment worth $180 million from Reliance Industries. The startup, which is run by Indiavidual Learning, provides students with an artificial intelligence-based learning platform which provides results and learning on an individualized basis, based on the student’s capabilities. The startup has future plans […]

IoT startup, Chariot, has reportedly raised Rs 2 crore in a Pre-Series A funding round raised from Gems Partners, an international Venture Capitalist. The funds received will be employed toward servicing current and future clients, product development and market expansion. “This investment by Gems Partners will help us in further consolidating our reach at the […]

The Narendra Modi government is reportedly contemplating establishing a limit on the tax concessions that can be availed by startups on investments from angel investors, as per a government official. Such a move could help budding entrepreneurs across the country. Numerous startups have raised concerns regarding the taxation of angel funds under Section 56 of […]

Bengaluru-based Fyle, a fintech startup aiming to simplify expense management for businesses and their employees, has released a new Outlook Add-In to supplement its services. The startup uses artificial intelligence to perform data extraction services for receipts and online expenses. Founded in 2016 by Yashwanth Madhusudan and Sivaramakrishnan Narayanan, Fyle has a client list including […]

Bengaluru-based MoveInSync Technology Solutions, a transportation and logistics startup, has raised an $8 million investment round. The startup runs a platform which provides users with features to improve their transportation and commuting experiences, such as tracking commute times and making sure the commute is efficient. The company was previously a car-pool startup called RideInSync. Inventus […]

Ride-hailing giant, Ola, announced that it has acquired the Mumbai-based Ridlr. The deal mark’s Ola’s expansion into the public transportation segment. The deal is primarily a stock transaction. The acquisition is the second such major acquisition made by Ola. In December 2017, the ride hailing giant acquired Foodpanda in a $40-$50 million deal. “Public transportation […]

Aavishkaar Bharat Fund, an investment fund worth $200 million, has made an investment of approximately $5.3 million into Kottaram Agro Foods. The food and beverage startup was founded in 2011 by Prashant Parameswaran and provides customers with pre-packaged food items. The startup has recently made a move into the beverage sector specifically. The company, which […]

RPG Group owned Zensar Technologies has reportedly acquired the US-based firm, Cynosure, for $33 million. The acquisition comes as Zensar looks to strengthen its offerings and expand its presence in the US market. Cynosure is an IT services firm that primarily caters to mid-tier and smaller insurance clients. “Zensar will look at more acquisitions to […]

Maharashtra-based Fingerlix, a startup allowing users to receive and cook pre-selected, fresh food without preservatives, has raised $1.31 million. With the Indian food and grocery market having grown to the sixth position, globally in terms of size according to an IBEF report, the food-based startup’s mobile app and website fall directly into the category. Users […]

The first startup hub in Bihar has been launched and opened by the state’s Deputy Chief Minister and IT minister, Sushil Kumar Modi. According to Modi, the hub, which is located in Patna and will assist 31 startups, will bring about encouragement within the youth of state to pursue entrepreneurship. At the inauguration of the […]

The online lending startup, Avail Finance, announced that it has raised $17.2 million (approximately Rs 112 crore) in Series A round of funding led by venture capital firm, Matrix Partners. The funding round also saw participation from prominent investors including Ankit Bhatia and Bhavish Aggarwal from Ola, FreeCharge Founder Kunal Shah, Flipkart Co-founder Binny Bansal […]

Chatbot developer, Anaek Inc., has raised an investment from Matrix Partners India, a venture capital firm that has been active for over 11 years. The startup provides companies with the chatbots developed on a free trial basis, with charges after the set time period. The companies chatbots fill a variety of needs such as human […]

Dining out can often be stressful and more complicated than necessary. At least that was the experience of Smit Nebhwani and Amrish Patel, the founders of Voolsy. After numerous harrowing experiences of waiting endlessly for waiters, menus and other issues, the pair founded a restaurant dine-out mobile app in February 2016. The startup’s app allows […]

US aerospace and defence giant, Lockheed Martin, will soon invite innovative ideas via its annual programme, “India Innovation Growth Programme”, which focuses on startups and university students, aiming to help them come forward with their ideas and thereafter enable them to enter the market. “Applications for this programme, launched in 2007, will be received from […]

Flipkart Internet, which operates the company’s retail platform, has reportedly received Rs 370 crore in funding from Flipkart Marketplace, as per the documents filed with the Registrar of Companies (RoC). Additionally, according to the documents filed by Flipkart Internet, the previous investment made during FY 18 was of Rs 1.7 crore. The latest investment, received […]

Oracle Startup Cloud Accelerator, a programme launched Oracle Cloud last year to assist and support selected startups has begun accepting applications for its newest search round. Oracle Cloud is a cloud-based service by Oracle Corporation. The startup accelerator program is one that gives chosen startups access to the company’s clientele, workspaces, mentorship, the latest technology, […]

A healthcare startup based in Bengaluru, Axio Biosolutions, has become the first of its kind to receive an FDA clearance to market a product in the US. The product, which is called Axiostat Chitosan Haemostat Dressing and is used to stop external bleeding, can now be sold over-the-counter to customers in the US, where Advamedica […]

Bengaluru-based Lollypop, a digital designer startup, has raised an angel fund round with plan for the company’s physical expansion, according to a statement by the company. The company, which has a presence in 11 countries, focuses on user experience and interface design (UX and UI), allowing companies they work with to reach clientele using digital […]

Bengaluru-based home rental startup, NestAway Technologies, announced that it has raised Rs 330 crore (approximately $51 million) in a Series D round of funding. The round witnessed participation by prominent investors including Goldman Sachs and UC-RNT Fund, a joint venture by Ratan Tata’s RNT Associates and the University of California. According to sources familiar with […]

Mumbai-based startup, Gegadyne Energy Labs Pvt Ltd, announced that it has raised funding from the Mumbai Angels Network. However, the amount raised is yet to be disclosed.  The startup intends to use the funds raised to further develop its indigenously built battery technology in addition to carrying out tests for commercial applications. According to a […]

T-Hub, the startup incubator located in Hyderabad, which was launched in partnership with the Telangana state government, has announced the release of a new approach to assist startups in scaling up operations. Since its launch in 2015, T-Hub has been working to assist and provide startups and entrepreneurs with access to investors, mentorship, workspaces and […]

With plans for company expansion and growth, home-services startup, CoLive has raised $1.8 million in its recent round of funding. CoLive is a co-living startup which provides homes located in convenient areas for its consumer base, with residences close to working areas and educational regions of the city. Founded in 2016 By Sundari Rangarajan and […]

The hyper-local delivery startup for fresh groceries, Doodhwala, announced that it has successfully raised $2.2 million in seed funding from venture capitalist firm, Omnivore, in exchange for a minority stake in the company. As per a statement released by the company, the funds raised will be employed toward expanding Doodhwala’s reach into new markets, funding […]

In an effort to promote entrepreneurship in the northeast region of India, Minister of State (MoS) (Independent Charge) for the Ministry of Development of North Eastern Region, Dr Jitendra Singh, has encouraged newer and startups and entrepreneurs to move to the area. Singh, who is also the Minister of State for the Prime Minister Office, Personnel, […]

Self-drive car company, Zoomcar has reportedly raised $40 million (approximately Rs 255.4 crore) in its latest round of funding. The round was led by automotive giant Mahindra & Mahindra. The funding round comes around 18 months after the startup last raised funds from institutional investors. In August 2016, Zoomcar had raised Rs 160 crore (approximately […]

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 […]

Health and fitness tracking platform, HealthifyMe announced that it has raised $12 million in a Series B funding round led by Sistema Asia Fund, which is the India focused fund of the Russian conglomerate. Additionally, the round saw participation from prominent new investors like Silicon Valley based Samsung NEXT; Singapore based Atlas Asset Management and […]

Indian food delivery giant, Swiggy announced that it has raised $100 million in Series F funding. The round was Swiggy’s largest one yet and was led by the South African media giant, Naspers. It also saw participation from a new investor, Meituan Dianping, which is China’s largest e-commerce platform. The round has finally put an […]

Noida-based student housing startup, Placio, announced that it has raised $2 million in a pre-series A funding round from Singapore-based private equity fund, Prestellar Ventures. The company plans to use the funds to provide a finer student living experience in India and South East Asia. According to ET, the startup will also leverage on the […]

Joveo, which operates a job advertising technology platform, announced that it has raised $5 million (approximately Rs 32 crore) in a Series A funding round, which was led by Nexus Venture Partners and saw participation from other angel investors. The Hyderabad-based startup will use the funds to accelerate its product offerings, expand its partnerships and […]

Self-publishing platform, Pratilipi, announced that it has raised $4.3 million (approximately Rs 28 crore) in a Series-A funding round. The round was led by Omidyar Network, and saw participation from prominent new investors like Shunwei Capital and WEH Ventures as well as existing investors like Nexus Venture Partners, among others. The latest influx of funds […]

Ed-tech platform, CollegeDekho, announced that it has raised $2 million in its third round of funding. The round saw participation from ManCapital, GirnarSoft and other investors. According to a statement released by the startup, the funds raised will be utilised to strengthen its technology, expand its collaborations with international colleges and increase its marketing activities […]

Delhi–based microlending startup, Cash Suvidha announced that it has raised $ 2.5 million (approximately Rs 16 crore) in debt financing.  According to a statement released by the company, it raised $1.5 million via a private placement of non-convertible debentures and the remaining $ 1 million from two financial institutions, whose names remain undisclosed. “This capital […]

Indian ride-hailing company Ola announced that it has signed a Memorandum of Understanding (MoU) with the Government of Assam to pilot test an app-based river taxi service in the financial hub of the Northeast, Guwahati. The MoU was signed at the Global Investors Summit: Advantage Assam, which currently on going in Guwahati and was in […]

Used car automotive service provider, Mahindra First Choice Wheels announced that it has raised $15 million in a funding round led by its existing investors. The company plans to employ the funds to expand its franchise dealer network and invest in new technology enabled products and services for the online consumer. According to a statement […]

Chinese e-commerce giant, Alibaba’s payment affiliate, Ant Small and Micro Financial Services Group has reportedly invested approximately $200 million in the online food delivery startup, Zomato. In a regulatory filing by Info Edge, which is a large shareholder in Zomato, said that the food delivery company has signed a “definitive agreement to undertake a primary […]

India’s leading online grocery store, BigBasket, announced that it has received $300 million in a funding round led by the Chinese e-commerce giant Alibaba. The funding has strengthened BigBasket’s position in its competition for a greater market share with the US giant, Amazon. According to a filing made by BigBasket to Indian regulators, an Alibaba […]

In a move that will benefit startups across the nation,the Union Budget 2018-19 has extended the tax exemption for startups by two years and has expanded the definition so as to widen the scope beyond technology related venture. Startups that have been incorporated on or after April 1, 2016 and before April 1, 2021 will be […]

The highly anticipated Union Budget 2018 has left startups disenchanted. Startups across the country were hoping the budget would address the issues faced by them and meet their various demands. Their biggest hope was that the Union Budget would finally abolish the Angel Tax. But the spirits of startups and investors were lifted with the […]

The central government led by Prime Minister Narendra Modi, has been focussed on supporting startups and fostering the entrepreneurship spirit in the country. In lieu of this, the Startup India program was launched in January, 2016 which aims at creating a conducive environment for startups in the country by providing them with financial support and […]

The Indus Entrepreneurs (TiE) announced plans to launch a chapter in Telengana’s Nizamabad district in order to boost entrepreneurship in the region. In addition to this, the organization plans to have a corpus of Rs. 20 lakh for building and nurturing the startup ecosystem. The Nizamabad chapter will foster startups in areas like agri-tech and […]

Medtech startup, Axio Biosolutions announced that it has raised $7.4 million (approximately Rs 47 crore) in a Series B funding round led by Ratan Tata’s RNT Capital. The round also saw participation from existing investors Accel Partners and IDG Ventures India. In addition to this, the round also gave an exit to the startup’s first […]

Future Supply Chain Solutions announced that it will fully acquire e-commerce giant, Snapdeal’s primary logistics arm Vulcan Express in a Rs 35 crore all cash deal. “Through Vulcan, we plan to boost our last mile capabilities and also offer state of the art solutions to our e-commerce and retail clients , including realising our disruptive […]

Bengaluru-based early stage venture capital firm, 3one4 Capital announced that it has raised Rs 250 crore for its second fund thereby surpassing its initial expectations. According to a statement released by the firm, the round witnessed participation from prominent investors like Reliance Ventures, Narayana Murthy and Nandan Nilekani (Co-founders of Infosys), Ranjan Pai (CEO of […]

Mumbai-based lending startup, NeoGrowth Credit Pvt Ltd., focused on small and medium businesses, has received $47 million in the recent funding round, according to a statement by the startup. The fintech startup’s platform uses and explores data combined with technology to provide loans for retailers. Retailers then pay back the loan based on future sales […]

The Gurugram-based startup ZiffyHomes announced that it has raised Rs 2 crore in a seed funding round which was lead by TradeIndia.com CEO, Bikky Khosla, and Anirudh Agarwal, MD at Shree Sharda Group. As a part of the deal, the duo will also join ZiffyHomes as Members of the Board. According to a statement released […]

A fintech startup, OptaCredit, focused on catering to those without typical access to loans or credit has acquired a new line of credit from Delhi-based DMI Finance. The credit line is worth $4 million. DMI Finance works as a credit partner and platform for business in a variety of sectors in the Indian market including […]

Hyderabad-based startup incubator, T-Hub in collaboration with Facebook, announced the launch of the India Innovation Hub Accelerator Program which aims to mentor startups in the virtual reality (VR)/artificial intelligence (AR) space. The two organisations plan to enable these startups to scale up their businesses by employing innovation programmes, global outreach and technology depth. The accelerator […]

Professor Jayashankar Telangana State Agricultural University, Hyderabad, announced that it has drawn up plans to launch an “agri-incubation centre” aimed at promoting startups in the agricultural sector. “You have startups in every field. But not in agriculture…What we are trying to do is, make the students think innovative,” said V Praveen Rao, the Vice Chancellor. […]

The Chennai-based Saas startup, Paperflite announced that it closed a $400K seed funding round led by the Chennai Angels. According to a statement released by the company, the funding round saw participation from Girish Mathrubootham (Founder and CEO of Freshworks), T R Santhanakrishnan (CEO of Datatracks and ex-CFO of Sutherland Global Services), and Mithun Sancheti […]

Bengaluru-based startup, HungerBox, announced that it has raised $2.5 million in a pre-series A funding round. The round was led by Singapore-based LionRock Capital and Infosys Co-founder Kris Gopalakrishnan. The startup was co-founded in 2015 by four founders and currently operates in Bengaluru, Chennai, Hyderabad, Mumbai, Pune, Delhi, and Jaipur. The company’s online platform, which […]

As per the recommendations of the 25th GST Council meeting, the Government of India has reduced the GST rates applicable to local and home services startups from 18% to 5%. The reduction in tax rates comes as a major relief to these startups. Startups such as UrbanClap, Housejoy and Quikr, presented the following argument to […]

Odisha is set to become home to the Centre of Excellence for Virtual and Augmented Reality (VARCoE), on the university campus of IIT-Bhubaneswar, according to an official. The aim of the new incubation centre is to support startups and entrepreneurship in the state, specifically focused on the Virtual and Augmented Reality sector, according to Prafulla […]

ShareChat, a Bengaluru-based social media startup, has raised a Series B funding round worth $18.2 million according to a company statement. Since its founding in 2015, the company’s social media platform has allowed users to share and post text, video, GIFs and audio. 80 per cent of Indian web traffic comes from mobile devices, with […]

Bengaluru-based CollPoll, an education startup with a platform developed for institutions such as universities, has raised and closed its pre-Series A investment round. The platform developed by the education technology startup enables connections and collaborations between students and faculty, while working to break down the barrier that exists in relation to information and educational institutions. […]

myGate, a mobile-based security management solutions provider, announced that it has raised Rs 16 crore in its first round of funding led by Prime Venture Partners. The company aims to employ the influx of funds to invest in its technology and scale up the user base to 2 million homes across the top seven metropolitan […]

The south east Asian ride-hailing company, Grab, announced that it has acquired the Bengaluru-based startup, iKaaz. The acquisition is aimed at expanding Grab’s digital payments platform, GrabPay. The company however is yet to disclose the financial details of the acquisition deal. The news comes after Grab bought the Indonesian online payment platform startup Kudo, last […]

In a collaborative effort, NASSCOM and MassChallenge Israel have partnered to support entrepreneurship with a scholarship agreement. 10 Indian startups will be selected for a $5000 scholarship each, funded by NASSCOM and the Deshpande Foundation. The finalists will then attend a four-month equity-free accelerator programme. The programme which is held in Jerusalem will also be […]

An ed-tech startup has launched a platform, Kidovators, to promote creative and critical skills in school-aged children from class IV to class IX, with Gray Matters Capital as an investor. The learning-focused platform by Add-On-Gyan Educational Services Pvt. Ltd., challenges students to apply creative and critical thinking with challenges and provides course material for learning […]

The Chinese bicycle sharing startup, Ofo has reportedly partnered with Paytm to launch its services in India. Ofo is one of the leading global players in the bicycle sharing space. The company has successfully raised $1.2 billion till date, of which $700 million was invested by Alibaba alone. The company claims to have crossed the […]

The Bengaluru-based digital payment startup, Razorpay, announced that it has raised $20 million in its Series B funding round. The round was led by Tiger Global and Y Combinator and also saw participation from Matrix Partners. In 2016, the company had raised $11.5 million in a Series A funding from existing investors along with 33 […]

The street food restaurant chain, Yumlok, is reportedly in talks with investors to raised funding to the tune of $1 million by the end of the current fiscal year. The company is primarily looking to raise funding to execute its expansion plans. The startup currently operates 4 outlets and plans to open at least 50 […]

A tech logistics startup, Rivigo which uses technology to provide reliable delivery networks in India, has received an investment of $50 million. The funding falls into a Series D round. According to the company’s website, Rivigo has trucks which cross at least 50kmph, as compared to the average speed of delivery trucks at 15kmph in […]

A new startup hub will be launched by the Haryana state government in the next few years if everything goes according to plan. Global Startup Village, the name of the planned startup hub, will be built in Gurugram following the model of public-private partnerships and is set to be the biggest of its kind in […]

The Kerala Startup mission, an initiative by the Government of Kerala, announced that it has joined hands with Zone Startups India to launch the “Kerala Accelerator Programme”. The Kerala Startup Mission is the nodal agency in the state whose aim is to encourage and support startups in the state. “Exposure is a key challenge for […]

Bengaluru-based ToneTag, a startup with a focus on mobile payments has received new funding. The $1.33 million of funding comes from Tropical Star limited, Financial Express reported. The fintech startup founded in 2014 provides a mobile payment platform which is available on all mobile devices. The program enables users to send and receive payments whether […]

NewCrop, India’s only video-first digital media platform for startups, and The Co-Founder, the country’s first of its kind startup magazine, have entered into a content sharing agreement. With this collaboration, NewCrop and The Co-Founder, will showcase selected startups on both platforms. The startups that will be selected mutually. NewCrop was founded by journalist-turned-media entrepreneur, Shutapa Paul […]

Genrobotics, a Kerala-based startup will be providing the state with its first robotic sewer cleaner. Founded in 2015, the robotics startup has a focus toward exoskeletons and robotic system with human controls, Economic Times reported. After performing a field study to find alternatives to manual scavenging, Genrobotics developed ‘Bandicoot,’ their sewer-cleaning robot. Bandicoot, powered by […]

One of the world’s biggest software companies, Microsoft has partnered with the Indian technology consulting giant, Accenture to nurture the startup ecosystem in India. Microsoft Accelerator and Accenture Ventures made the announcement regarding their “ecosystem partnership”. The partnership is aimed at further strengthening the start-ups in the country. Microsoft is yet another company to enter […]

Gurugram-based fintech startup, Kuants, which works on algorithmic trading has received angel funding of Rs 50 lakh. Since its founding in October 2017, with a goal to increase accessibility to algorithmic trading, the startup has been working on a platform to help users easily understand and use algorithmic trading. The company’s platform will provide tutorials, […]

Bengaluru-based venture capital fund, CBA Capital, announced that it will invest Rs 100 crore in 15 ed-tech companies. In lieu of this, its early stage education and skilling impact fund, named Education Catalyst Fund (ECF) will be aiming at investing in start-ups in the pre-series, series A and series B equity rounds. ECF is a […]

Sheroes, the women-centric career platform, announced that it has acquired the Delhi based child healthcare startup, Babygogo. The nature and value of the deal are yet to be disclosed; however as per the statement released by the company, the founders of Babygogo will be joining Sheroes as co-founders. “Babygogo has some of the best engagement […]

Sports gaming startup, NextWave Multimedia has sold a stake in the company to Indian mobile gaming company, Nazara Technologies. The popular cricket game, World Cricket Championship was developed and is owned by NextWave Multimedia. “Nazara’s expertise in creating scalable and profitable business models around consumer transactions globally will give us the needed impetus to grow […]

Bengaluru-based advertising technology company, InMobi, announced that it has acquired the Los- Angeles based startup, AerServ, in a whopping $90 million cash and stock deal. The deal is the SoftBank-backed company’s largest acquisition so far. The acquisition is expected to increase InMobi’s monetisation by 25-30 per cent from both, its existing clientele as well as […]

Bengaluru-based payroll and benefits tech startup, NiYO Solutions, announced that it has raised $13.2 million in a Series A funding round. The round saw participation from Chamath Palihapitiya-owned Social Capital, Israel-based J S Capital (the family office of Jonathan Soros), Li-Ka-Shing owned Horizon Ventures and the startup’s existing investor, Bengaluru-based Venture Capital fund, Prime Ventures […]

Indian ride hailing giant Ola, announced that it is partnering with one of the top private sector banks in the country, ICICI Bank to provide customers and driver-partners with a host of integrated services. The two companies signed a Memorandum of Understanding (MoU) to finalise the deal. As per a statement released by Ola, customers […]

The digital lending platform, Lendingkart, announced that it has raised Rs 30 crore in non-convertible debentures (NCBs) from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV (FMO), a Dutch development bank, which primarily invests in the growth and frontier markets. The latest round of funding comes after the startup raised Rs 25 crore in debt from the State […]

American ride-share company, Uber, is bringing its autorickshaw service back into the Indian market this month. The first cities to see UberAUTO will be Bengaluru and Pune. Users of the app can expect the autorickshaws to uphold the same safety features as the company’s cabs have had, according to a company spokesperson. “Autorickshaws are ubiquitous […]

Ed-tech startup, UpGrad, is reportedly in talks with potential investors to rise funding to the tune of $40 million (Rs 266 crore). This will be the first round of external funding raised by the company. The Mumbai-based company, which is backed by Ronnie Screwvala, has held discussions with three potential investors of which two are […]

Ayurvedic beverage startup, KivaShots, with plans for expansion has raised funding in its first round. KivaShots was founded by Shalabh Gupta in 2016 as a means of enlivening the ayurvedic food and beverage industry and enticing people to try the healthcare drinks, Gupta said. The company produces ayurvedic beverages in shot form of 40ml which […]

With plans to raise funds both domestically and internationally, the Indian Angel Network (IAN) is aiming to raise $38 million. Co-founder of IAN, Padmaja Ruparel said the network had helped develop an environment in which startups had access to mentorship and markets among other benefits. The funds being raised are for the network’s $70 million […]

The N S Raghavan Centre for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management, Bangalore announced that it has launched the nationwide “Women Startup Programme”. The initiative aims to help women begin new ventures in a systematic manner. The programme is primarily being funded by Goldman Sachs and is supported by the Department of […]

After facing a disappointing Series A funding round, Buttercups, a Bengaluru-based lingerie startup has received new funding. The failure of the round has been difficult for the company which had to switch to a low-inventory model of manufacturing, according to founder and CEO Arpita Ganesh. Ganesh is also a Google SMB Heroes Award 2017 winner. […]

A smart police robot which can provide police with assistance in the city of Hyderabad has been developed by a robotics startup. H-Bot Robotics has created a 5.7 ft life-size robot, thought up by PSV Kisshhan, founder of the Hyderabad-based startup, Financial Express reported. The robot, named Hemant Karkare, can help police with traffic and […]

Fintech startup, EarlySalary, announced that it has raised Rs 100 crore in a Series B funding round led by Eight Roads Ventures India. Other participants included existing investors IDG Ventures, DHFL, and seed investor Ashok Agarwal. The Pune based startup was co-founded by Akshay Mehrotra and Ashish Goyal and offers cash loans for time period […]

Paisabazaar.com announced that it has raised additional funding of Rs 200 crore in funding from its parent company EtechAces Marketing and Consulting Private Limited. This was a part of the pre-IPO fundraising that EtechAces had carried out last year. The company had raised Rs 500 crore from existing and new investors including True North and […]

The Indian e-commerce giant, Flipkart’s logistics partner, Ekart, has reportedly received funding of Rs 1632 crore from Klick2Shop,a company registered in Singapore. As per the documents filed with the Ministry of Corporate Affairs, InstaKart Services, which is the entity operating Ekart, received funding totalling Rs 1632 crore in November in three instalments from Klick2Shop Logistics […]

2017 proved to be a year of growth for female entrepreneurs who have risen in ranks even as societal conflicts, issues and pressures persist. According to a CNN story filed in July 2017, a mere five months ago, only 3 percent of venture capital funding was received by American women CEOs. In addition, only 17 […]

The South African Internet Group, Naspers, has emerged as a prime candidate to lead a $150-$200 million investment in one of the top food delivery startups in the country, Swiggy. This news comes after the Japanese conglomerate Softbank and Indian e-commerce giant, Flipkart, ended independent funding discussions with Swiggy, as per people familiar with the […]

The Biyani-owned Future Group is reportedly in talks to buy online retailer Snapdeal’s logistics arm, Vulcan Express. The purchase is said to be an all cash deal valued at about Rs 50 crore. Vulcan Express manages approximately half of Snapdeal’s deliveries and shipments. The company replaced GoJavas as Snapdeal’s primary logistics partner. The company was […]

Indian e-commerce giant, Flipkart has reportedly incorporated a new entity, Sabin Advisors, in order to diversify into the insurance sector and venture capital funding segment. The company was incorporated by Flipkart’s co-founders, Sachin Bansal and Binny Bansal, hence, the title, Sabin Advisors. The incorporation papers did not specify any particular business that the new company […]

Government of India is deliberating removing tax hurdles for angel investors, who have been struggling with notices, which have inevitably forced them to slow down their investments in the recent months. The move will be a major boost to startups. Angel tax is a tax on the capital raised by unlisted companies through the issue […]

The e-commerce giant, Amazon, is reportedly in the final stages of closing an investment in the online insurance startup, Acko, reports suggest. Amazon will invest Rs 100 crore in Acko and additionally co-create financial products with the startup. It will also act as a distributor of the products. Sources familiar with the matter have also […]

Riders in Delhi shared the highest number of rides out of the 7 top metropolitan cities in the country for Ola Cabs, a statement released by the company said. This consequently led to over 1.139 million litres of fuel being saved and over 1.92 million kg of carbon dioxide emissions being reduced in the capital, […]

As part of the ‘Startup Coast’project in Karnataka, a new incubation centre in Mallikatte was opened and unveiled by Defence Minister Nirmala Sitharaman. The Centre for Entrepreneurship Opportunities and Learning will seat up to 70 entrepreneurs. “Mangalore and the Dakshin Kannada region have more than 20 colleges offering engineering, medicine and other fields of study,” […]

Over the course of 2017, the startup ecosystem in India has seen numerous new entrants and exits. While the government has launched the Startup India initiative to promote and nurture startups, and there were numerous incubators and mentors available, 2017 witnessed a number of startups being compelled to shut shop. Although each startup has a […]

The Punjab startup hub received approval from the state Chief Minister Amarinder Singh at the initial meeting of the Punjab Industrial and Business Development Board. The board was created with the purpose of easing the process into the new industrial policy in terms of implementation. Singh spoke of the state government’s determination to empower the […]

HDFC Bank has partnered with the Government of Rajasthan to promote and nurture the startup ecosystem in the state. As a part of its partnership obligations, HDFC will work with the state government to provide start ups with facilities like current accounts, credit cards and other solutions they may require. This is an initiative under […]

The year 2017 was buzzing with activity for food startups across India. The year saw a number of successful startups launch and achieve greater heights. However, there were a few that had to shut down for a variety of reasons. These stories became a cautionary tale for the others. It is certain that there is […]

Angel Tax, which is the tax on capital raised by unlisted companies by issuing shares in excess of their “fair market value”, continues to be a bone of contention for startups more than 18 months after the government exempted “innovative startups” from this tax. However, startups and lobbyists are hopeful that the government will resolve […]

An incubator programme launched by Paytm will look toward developers who provide top quality solutions incorporating technology and design in various sectors. The virtual incubator was launched as part of the ‘Build for India’ initiative and hopes to start with 20 different institutions, aiming to create a community for technology developers in the country and […]

Ahmedabad-based SME lending startup, Lendingkart Finance, announced that it has raised Rs 25 crore in debt from the State Bank of India (SBI). In a statement, the company said that the loan is in the form of cash and credit facility which will allow the startup to draw the amount in separate tranches as and […]

With plans of expanding their national presence, CoWrks has leased commercial space in three separate deals. The company, founded in September 2016, provides shared office spaces for startups and has leased space in Mumbai and Gurugram, of a total of 2.25 lakh sq.ft. “This is in addition to our three existing centres in South India […]

Appario Rental, a seller entity recently formed under a joint venture between Amazon and Patni group, has received a fresh capital infusion of Rs 100 crore, as per the latest filings of the Registrar of Companies (RoC). Amazon had formed a joint venture with the Patni Group in September 2017 in order to strengthen its […]

The Chennai-based optical retail chain, Specsmakers Opticians has raised $ 10 million (approximately Rs 64 crore), in a funding round led by Eight Roads Ventures India. The funding round saw participation from existing investor Atma Ram Family Office and other individual investors. However, Fulcrum Ventures, an early investor of the startup, has reportedly made a […]

Online fashion retailer, Myntra, is employing technologies like data mining and artificial intelligence in order to enable designers come up with patterns and styles which will boost sales for the garment makers. The technology has already been tested by the Flipkart-owned company on two of its in-house brands, namely, Moda Rapido and Here and Now. […]

Out of 241 applications from startups and student teams around Kerala, 31 were selected to receive funding at Kerala’s ‘Idea Day.’ The 8th Grand Idea Day was held by the Kerala Startup Mission (KSUM). The idea day was set up to find and help fund startups, ideas and technology solutions in a variety of sectors […]

Reliance Industries has partnered with the fashion e- commerce company Myntra to co-brand its exclusive denim wear collection, Mast & Harbour, with flagship product from the former, RElan FeelFresh. “RElan FeelFresh is one of our flagship products. The association with Myntra, being one of the fastest growing fashion brands in the country, provides us a […]

Smaaash, an entertainment and gaming startup backed by Indian cricketer Sachin Tendulkar, has recently raised Rs 90 crore in equity financing through a syndication deal. Less than a month ago, the company had raised Rs 25 crore from the consumer focused investment venture firm, Sixth Sense. The latest round of funding, which was organized by […]

MiQasa, a Hyderabad-based startup which designs smart home technology has sold a 70 percent stake of the 25-person company to Smartron. Founded in 2014, Smartron, based in Hyderabad is an Internet of Things (IoT) company. Since its founding in April 2015, MiQasa has produced a variety of technology-based products for smart homes including smart switches, […]

The Commerce and Industry Ministry has announced that a total of 5,350 startups have been officially recognised by the Department of Industrial Policy and Promotion (DIPP). This recognition will enable them to avail the benefits under the Startup India Initiative. According to a statement released by the Ministry, under the Fund OF Fund for Startups, […]

The Indian ride hailing firm, Ola has acquired the Indian Division of food delivering service, Foodpanda for an undisclosed equity stake. The deal states that Pranay Jivrajka, a founding partner of Ola, will be staying on as the Interim Chief Executive Officer of the Foodpanda India Unit, while the current CEO of the company’s India […]

In what comes as great news for food-tech startups, The Bohri Kitchen has received seed round funding from Venture Catalysts. The Bohri Kitchen

With 30 startups in their current network, Tech Mahindra plans on expanding by selecting 20-30
startups a year to work with. The International Technology company,

In hopes of involving the country’s youth in the development of digital technology solutions, the
All India Council for Technical Education (AICTE) put on the Smart India Hackathon ,

The role and needs of startups in India were discussed by Minister of State for Civil Aviation, Jayant Sinha, at TiEcon Delhi 2017. Sinha was one of the inaugural speakers at the two-day conference focused on entrepreneurship and startups. In his speech, Sinha said the kinds of startups needed by the country could be seen […]

For Microsoft India, the next year will be spent training people in technologies and supporting Indian startups. The company already has an established presence in the country with its ‘Accelerator’ program, and works with almost 5,000 startups and more than 200,000 large and small and medium businesses. “For us, the growth verticals will clearly be […]

Lockheed Martin aims to expand its presence in India with a focus on female entrepreneurship. Lockheed Martin is a US-based global aerospace and defence company. “We have put aside several million dollars to support any innovative idea that could change the world, many of them coming from women individuals and teams,” Deputy Executive Vice President […]

Ten student teams will be selected through a virtual reality program launched in collaboration with social media company, Facebook, and Startup Village Collective under the latter’s School of Innovation. “India is host to one of the largest community of developers and is also one of the fastest growing regions for startups,” Satyajeet Singh, Head of Platform […]

In search of solutions from startups for the agricultural field, India’s Ministry of Agriculture and Farmers Welfare, has started The Agriculture Grand Challenge. The program will be open for applications for a month from startups regarding solutions for one of 12 problem statements set up by the department. “We met over 40 agri-tech startups in […]

Bollywood actor Aamir Khan’s recent investment in furniture-rental startup, Furlenco, is the latest in a series of investments by Bollywood celebrities. In addition to funding, startups who receive investments from Bollywood actors also grab eyeballs for having a famous investor. The movement from the acting world to the one of business has become more and […]

Bengaluru-based healthcare startup, DocsApp, which provides users with on-demand connections to trusted healthcare professionals has completed its Series A funding round. Founded in 2015, the startup allows patients to reach doctors of various specialities including gynaecology, psychiatry, dermatology, cardiology, oncology, among others. Users can use a mobile app to connect with the specialists via chat […]

Refreshed Car Care, which brings cleaning services for users’ cars to their doorstep, has seen an investment from Spiffy, a US based car services company, in their latest funding round. The Mumbai-based company was founded by Chirag Shah and is so far only available in the city which is home to around 30 lakh cars, […]

US based ride-hailing service, Uber has named the Delhi-NCR region as the location with most riders in the country in 2017. The company which provided its 500 millionth ride on July 17 this year, said users in the city hailed up to 1,969 rides this year. Amit Jain, the President of Uber and South Asia, […]

Bengaluru-based Furlenco has received celebrity investment from Bollywood actor Aamir Khan. The furniture rental company runs a subscription service, where users can sign up for a minimum of three months and pick furniture for rent through the company’s website. Run by Kieraya Furnishing Solutions and catering to 4,000 monthly customers, Furlenco received Rs 2 crore […]

Despite needing work on aspects such regulatory issues, India’s strong and productive environment of startups is moving ahead of those in other countries such as Israel and China, Michael Marks, co-founder of Innoventure Partners said, as reported by the Economic Times. “The investment opportunity in India is quite nascent right now with 75% of the […]

Having previously been in talks with Amazon prior to the company’s purchase of Whole Foods Markets Inc., India’s largest online grocery store, BigBasket, may be set to receive an investment worth $200 million from Alibaba Group Holding Ltd. The information came from an anonymous source as told to Bloomberg. BigBasket, which is owned by Innovative […]

Mswipe Technologies has received a $40 million investment from Eduardo Saverin who is estimated to have a net worth of $10.3 billion, according to Forbes. With a presence in 650 cities and towns throughout India, the startup is self-proclaimed the largest payment processor and provider of networks for sales. Mswipe provides retailers with the ability […]

Lifestyle startup, The Label Life, aimed at women, between the ages of 23 and 45, living an urban lifestyle, received a $3.1 million investment. The investment came from Kalpavriksh, a private equity fund created by The Centrum Group, a financial services company. The fund usually invests in fields such as fintech, healthcare and fast-moving consumer […]

Spending around Rs 5 crore, TVS Motor Company Ltd., has purchased a stake in Ultraviolette Automotive Pvt. Ltd., worth 14.78 percent. TVS Motor Company is an Indian manufacturer of two-wheelers which is currently developing the U218, a code-name for an electric scooter. An anonymous analyst told Livemint the market demand for electric two-wheeled vehicles will […]

After having presence in Mumbai, Delhi/Gurgaon, Bengaluru, Hyderabad and Pune, Timesaverz has now expanded to Chennai. Timesaverz is a home services startup, based in Mumbai, providing customers with a variety of household services as and when they are needed. These services range from handyman tasks to pest control and cleaning. “The USP of the company […]

A healthcare startup plans to assist companies by monitoring different aspects of their employees’ health using a device and app, the Hindu Business Line reported. The purpose of the development is to provide companies with access to an aspect of employee productivity which has gained priority, their health and well being, according to V. Thiyagarajan, […]

As part of its ‘Next Billion Users’ Program, Google made its first direct investment in an Indian startup, Dunzo. Google invested Rs 65 crore into the startup in lieu of a small stake. The Bengaluru-based company provides users with a service which can be used to fit a variety of needs by completing tasks ranging […]

New York-based startup, WeWork has formed more deals with companies in India to meet its goal to lease a total of 10 lakh square feet of office-share space in the country. The company has plans to lease properties in Delhi, Mumbai and Bengaluru, through property directors they have recently partnered with, Karan Virwani, WeWork India […]

Since the government of Rajasthan launched iStart around a month ago, 300 startups have registered with the programme. The startups registered come from a variety of fields including, fintech, healthcare, agriculture and tourism among others. “iStart portal went live a few months ago and since then we have witnessed a registration of 300 startups,” Akhil […]

A startup, which provides customers with fully-cooked dishes delivered directly to them, has raised Rs 8.95 crore in their Series B round of funding. The startup, Holachef Hospitality Pvt. Ltd., was founded in 2014 by Saurabh Saxena and Anil Gelra in Mumbai, and delivers to 100 pin codes in the city so far. This round […]

With a goal of reaching 125 restaurants in the Bengaluru by March 2018, Gapoon Online Consumer Services Ltd., provides services in the field of maintenance. The company offers customers services including pest control, plumbing, deep cleaning and electrical services among others. The startup hopes to provide a single place where all the needs for maintenance […]

John Chambers, the executive chairman of Cisco Systems, encouraged increased gender diversity in terms of employment in Indian startups. “India has done an amazing job as a country with some of the top women leaders in government, business,” Chambers said, as reported by The Indian Express. “But as we go further down in the employment, […]

Pune-based wellness startup, Ahhaa, uses artificial intelligence to create solutions for stress and well-being for both individuals and companies. The company held a booth and the Global Entrepreneurship Summit 2017 in Hyderabad, which received attention from attendees, including Prime Minister Narendra Modi and Ivanka Trump, daughter and advisor to US President Donald Trump, Times of […]

To promote entrepreneurship in Rajasthan, a two-day event will connect entrepreneurs with a space for development and growth, Rajasthan Chief Minister Vasundhara Raje said. She said the event, Digifest 2017, which is one of the events created by the state government to encourage startups, will also create employment opportunities. The event, organized by the Information and Technology […]

Indian Artificial Intelligence startup, DataVal Analytics Inc., has completed the 20-part challenge brought forward by Facebook in 2015, being the first to complete it and be 100 percent accurate. Founded by  Lt Col Shashi Kiran, Lt Col Naveen Xavier, both of whom are Indian army veterans, with Dr. Sam Pitroda serving as Chairman of the […]

Ten Indian startups were declared winners under the UberEXCHANGE program by Uber, a ride-share company. The announcement came on the second day of the Global Entrepreneurship Summit. The three-day event had a theme of ‘Women First, Prosperity for All’, and received attendees from 150 countries including startups, entrepreneurs and investors. UberEXCHANGE, a program founded last […]

Encouraging women entrepreneurship in India, Prime Minister Modi gave a rousing speech to kickoff the Global Entrepreneurship Summit 2017 (GES) on Tuesday. Held in South Asia for the first time, the GES 2017, had a theme of ‘Women First, Prosperity for All’. “This event not only connects the Silicon Valley with Hyderabad but also showcases […]

Bengaluru-based lifestyle startup, Chumbak Design has received a Rs 85 crores investment from Gaja Capital in addition to other investments in this round. Managing Partner at Gaja Capital, Gopal Jain, told Economic Times details of the deal were confidential, but assured that the firm had been the lead in the investment round. Currently running 17 […]

State Bank of India, having 22,000 branches and 58,916 ATMs nationally, has developed a new platform which will provide users with lifestyle and financial products and services more conveniently. The platform called You Only Need One (YONO), was set up and introduced by Arun Jaitley, the Union Minister for Finance and Corporate Affairs. “This will […]

Within the next 3-4 weeks, Yulu, a bike-share startup will launch in Bengaluru, providing hundreds of bicycles for rent. Co-founder of InMobi, Amit Gupta is also one of the co-founders of Yulu. Bike-sharing has already become popular in places such as China, with companies like Ofo and Mobike, and the US, where LimeBike has received […]

Madhya Pradesh Chief Minister Shri Shivraj Singh Chouhan encouraged Indian startups and young entrepreneurs while speaking at a session regarding startups and incubation centre. The session was part of a two-day Micro, Small and Medium Enterprises and Swarozgar Sammelan. The speech came after the Chief Minister viewed the different products by young entrepreneurs at an […]

SAIF Partners, Helion Ventures, and FIL Capital Management come back together in Series B of fundraising for ed-tech startup, Toppr. Together they had invested $7 mn in the Mumbai-based startup which provides a mobile app that personalizes education for school students. In an official statement, Toppr declared to have raised a total of $ 12 […]

According to a statement released on Saturday at Thiruvananthapuram, a proposal submitted by the state startup mission (KSUM) to grant sabbatical leave to faculty members across all colleges of the state to launch startups have been given the go-ahead by the Kerala Government. The move is to encourage academics to join the new entrepreneurship of […]

A month after raising $ 250 mn in Series D funding from SoftBank, Hero Enterprise and an additional $ 10 mn from China Lodging group, China’s leading hotel management firm,  OYO announced the company has selected Hyderabad to set their technology development centre with Priyank Choudhary at the helm. Apart from hiring former Amazon executive […]

E-commerce lobby group Indiatech.org conceptualised by Sachin Bansal, Chairman, Flipkart, and Bhavish Aggarwal, Co-founder, Ola Cabs, has found support from the telecom and internet giant SoftBank. SoftBank has agreed to back the lobby with finance and help in strategizing the fight against foreign rivals. Notably, SoftBank is the biggest investor in startups like Flipkart, Ola, […]

Venture capital firm Accel Partners and Zephyr Peacock invest nearly $7 million in ready to cook food brand Fingerlix. Zephyr Peacock being a return investor in the Series B round. First operating in Mumbai and Pune, Fingerlix have just expanded their operations in the NCR region, offering an array of batter, mixes, paranthas, upma, biryani, […]

Apart from the various VCs and PEs, various banks are accelerating the financial technology ecosystem by lending out to fintech startups , while looking for technological solutions and validating the solutions designed together. The validation help the startups help gain confidence for further investments for VC and PE firms. Banks like Yes Bank, SBI, Kotak […]

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