ZEE5 Launches ‘HiPi’, A TikTok-Like Short Video Platform
‘Made for an Atmanirbhar Bharat’ ZEE5 has launched TikTok-like short video platform, HiPi. Called Hypershorts earlier, HiPi had been in the works for a while. HiPi videos will be over a minute long. Integrated within the ZEE5 app, HiPi will now compete with the likes of Mitron TV, Roposo, Chingari, and […]
EdTech Sector Witnesses Increase In VC Investments In First Half Of 2020
When the whole startup ecosystem is facing tough times due to the effects of COVID-19, edtech startups have witnessed extraordinary growth. For the first half of 2020, Indian edtech startups have collectively raised over $795 million compared to $108 million in the previous year. As schools are closed and students are dependent […]
Latest Report Shows Investment By Chinese Investors In India Has Seen 12 Times Growth
As per data and analytics firm GlobalData, Indian startups have seen a 12 times growth in investment by Chinese investors over the past 4 years. From 2016-2019, the investment made by Chinese investors in Indian startups increased from USD 381 million in 2016 to USD 4.6 billion in 2019. As […]
Flipkart Co-founder Sachin Bansal’s ‘Navi’ Launches Lending App With Paperless KYC
To provide instant personal loans, Sachin Bansal’s (Flipkart co-founder) financial services startup Navi has launched a money lending app. The Navi lending app, which is targeted at consumers in the middle-income segment, will provide instant loans of up to INR 5 lakh with repayment tenures of up to 36 months. […]
Smart Parking Solutions Startup ‘Park+’ Collaborates With ‘AarogyaSetu’ To Control The Spread of COVID-19
To control the spread of COVID-19, Smart parking solutions startup Park+ is collaborating with AarogyaSetu, an Indian government-developed mobile application. With this tie-up, Park+ will leverage individual COVID-19 safety status provided by the AarogyaSetu app to improve the effectiveness of its tech-led social distancing solutions to control the spread of […]
Rapido Launches Rapido Store, A One-Stop Solution For Business Deliveries
Rapido, an Indian online bike taxi aggregator, has launched Rapido Store, a one-stop solution for all business deliveries. With the help of Rapido Store, offline and online businesses will be able to deliver products to its customers during the COVID-19 pandemic. Currently, Rapido Store has been launched in Bengaluru and […]
High Street Essentials Raises Rs 20.75 crore In Pre-Series C Funding Round
High Street Essentials (HSE) has raised Rs 20.75 crore in a fresh round of funding led by existing investors SAIF Partners and India Quotient. High Street Essentials is the parent company of women’s fashion brands FabAlley and Indya. As per a statement, the pre-series C round involves a convertible note, […]
AI Based Startup ‘Drishti’ Raises $25 Million In Series B Funding Round
AI-based startup Drishti said that it has raised $25 million in its Series B funding round from US-based venture capital firm, Sozo Ventures. The funding round also saw participation from other investors such as Alpha Intelligence Capital, Toyota AI Ventures, Micron Ventures, Presidio Ventures, HELLA Ventures, as well as existing […]
Automobile Component Manufacturer ‘Sona Comstar’ Ties Up With IIT Delhi To Help Startups
To support, fund and mentor innovative startups, a leading automobile component manufacturer, Sona Comstar, tied up with Indian Institute of Technology Delhi (IIT-Delhi). Sona Comstar is an Indian origin global automotive systems and components manufacturer. With a global market share of 6%, Sona Comstar is the world’s largest manufacturer of […]
Noida Based EdTech Startup Classplus Acquihires Merak.ai
Noida based edtech startup Classplus has acqui-hired Bengaluru’s Merak.ai, a data-entry automation solution. As part of this deal, Vibhor Kalra, co-founder at Merak.ai, will be joining Classplus as the AVP, Product. Talking about the deal with Classplus, Vibhor Kalra said, “I’m looking forward to joining Classplus and working with Mukul […]