Co-Living Startup ‘Zolo’ To Forgo Rental Payments For Tenants Hit By Job Cuts
Co-living startup Zolo has started waiving off rental payments of some of its residents who have recently lost their jobs due to the COVID-19 pandemic. As per Nikhil Sikri, chief executive of Zolo, the startup will waive off rental payments for eligible residents across all of its 450 properties in […]
Indian Short Video Platform ‘Mitron’ Raises Rs 2 Crore In Seed Funding
Mitron has raised Rs 2 crore in seed funding from 3One4 Capital and Lets Venture. This development comes just two days after the Indian government banned 59 Chinese mobile applications. For those who are completely unaware of the Mitron App, Mitron is an Indian short-form video app like TikTok, founded […]
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 […]
Automated Data Integration Provider ‘Fivetran’ Raises $100M In Series C Funding Round
Fivetran,​ a Bengaluru-based company, has raised $100 million in Series C funding, led by Andreessen Horowitz (a16z) and General Catalyst.The funding round also participation from existing investors CEAS Investments and Matrix Partners. As per the startup, it plans to use the funding for global expansion, drive adoption in the enterprise […]
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 […]
Indian Short Video-Sharing App ‘Chingari’ Crosses More Than 2.5 Million Downloads
Amid India-China tension, India’s short video-sharing app ‘Chingari’ has crossed more than 2.5 million downloads.As per this video sharing platform, it reached the milestone from 550,000 downloads in just ten days. Talking about the growth, Biswatma Nayak, Co-founder, Chingari App, said, “In the last few days, we have witnessed a […]
Samosa Party Raises An Undisclosed Amount In Pre-Series A Funding Round
Food startup Samosa Party has raised an undisclosed amount in Pre-Series A funding round from Inflection Point Ventures. As per the company, it plans to use the funding amount to scale, and open cloud kitchens across Bengaluru and other Tier-I cities. Samosa Party also plans to use the funds to […]
Convergent Finance LLP Invests Around Rs180 Crore In Camlin Fine Sciences
Convergent Finance LLP announced that it is investing up to $23.8 million (INR 180 crore) in Camlin Fine Sciences Limited. Camlin Fine Sciences Limited is a Mumbai-based company that manufactures antioxidants and aroma chemicals supplied to the food industry globally. The company is focused on providing– shelf-life solutions, aroma ingredients, health […]
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. […]
Plant Based Nutrition Startup OZiva Raises $5 Million In Series A Funding Round
Plant-based nutrition startup OZiva has raised $5 million in a Series A funding round from Matrix Partners India. The funding round also saw participation from Titan Capital. As per the startup. it plans to use the funding amount for R&D, technology building, and expanding its team and customer base. Founded […]