Agritech startup Arya.ag raises $29 Mn at valuation of $325 Mn
Agritech startup Arya.ag has raised Rs 242.36 crore approximately ($29.2 million) from existing investors. This is the first round of investment for the Noida-based company since January 2022. The board Arya.ag has passed a special resolution to issue 53,695 CCPS at an issue price of Rs 45,137 each to raise the aforementioned sum ($29.2 million), […]
Read More
Seven questions on AI investments that shareholders and board must ask the CEO
Early this June, Salil Parekh, CEO, Infosys, announced that the IT major was a GenAI-first company. Shortly after, N Chandrasekaran, chairman, Tata Sons, announced TCS’s aspiration to become a GenAI-first company. These two cases highlight the pivotal shifts in corporate artificial intelligence (AI) strategies. Entities in India spent USD1.7038 billion on AI in 2023, according […]
Read More
Indian startups show sign of recovery with $7 Bn funding in H1 2024
The Indian startup ecosystem is going through a recovery phase: there have been larger funding rounds, an increase in the number of deals, a surge in secondary deals and ESOP buybacks, and a decline in layoffs. As per data compiled by TheKredible, Indian startups raised nearly $7 billion in funding during the first half of […]
Read More
PV Sindhu invests in wellness brand Hoop
Wellness brand Hoop has secured an undisclosed sum of investment from Olympic medalist PV Sindhu. This looks like an equity against brand promotion as the badminton champion has also joined as an ambassador of Hoop. The Gurgram-based company had previously raised $100,000 back in January 2023 from a grant round. Hoop has been a part […]
Read More
EleFant, a mobile app-based toy Library, has raised Rs 6 crore.
EleFant, a mobile app-based toy Library, has raised Rs 6 crore (about $750K) in its seed round co-led by Venture Catalysts, Malpani Ventures with participation from several notable investors and family offices. The funding round saw participation from a roster of investors, including Sudhakar Pai, (MD, Kurlon Industries), Jyothi Pradhan (CEO – Kurlon) Family Office, […]
Read More
One Registered Startup in each of the 785 Districts of the Country With in a Year
The Centre is likely to fulfil its plan to have at least one registered startup in each of the 785 districts of the country within a year as only 20-25 districts remain without any registered startup, industry department officials said. As of March 31, there were more than 100 districts without a single startup recognised […]
Read More
Types of funding rounds and what they mean
You’ve probably seen lots of articles about X company raising Y amount of money in some kind of funding round or another. But what do the different types of funding rounds mean? Well, a funding round is anytime money is raised from one or more investors for a business. They’re given a letter, such as […]
Read More
GIP eyes up to $1 billion corpus for India-focused infra fund
New York-based infrastructure fund manager Global Infrastructure Partners (GIP) has initiated talks to raise a India-focused infrastructure fund with a targeted corpus of as much as $1 billion, said two people aware of the development. GIP entered India last year after acquiring the infrastructure investment platform of IDFC Alternatives. Prior to the acquisition, IDFC Alternatives […]
Read More
Zepto raises $665 million funding at $3.6 billion valuation to take on Blinkit, Swiggy Instamart
Zepto has received $665 million in a funding round where the value of the pure-play quick commerce major has more than doubled to $3.6 billion, bolstering its position in India’s red-hot quick commerce sector. The three-year-old startup expects to double its count of dark stores or warehouses to seven hundred, as it primes for battle […]
Read More
Fintech startups may take a hit as most banks stay away from BBPS
The central bank has mandated credit card bill payments through Bharat Bill Payment System (BBPS), but only eight of 34 banks are live on the network, causing concern among payment companies. The Reserve Bank of India (RBI) wants credit card bill payments through third-party payment platforms to stop from next month. The plan is to […]
Read MoreRecent Posts
Ice cream brand Hangyo scoops up $25 Mn from Faering Capital
August 26, 2024
Update: Proptech startup HouseEazy raises $7 Mn in Series A
August 26, 2024
