VC Firm Accel Launches Atoms Program To Back Early-stage Indian Startups
VC firm Accel has launched a pre-seed funding program called Atoms and will invest $250,000 in Indian startups without taking any stake in the company (or uncapped convertible). Under this initiative, the VC firm is looking to offer one-to-one mentoring for startups instead of a cohort approach taken by the accelerator programs […]
Gold-based Lending Platform Indiagold Raises $12M In Funding
Gold-based lending platform Indiagold has raised $12 million in a fresh funding round led by PayU and Alpha Wave Incubation. The funding round also saw participation from Better Tomorrow Ventures, 3one4 Capital, Rainmatter Capital, and existing investor Leo Capital. As per the startup, the raised funds will be used for […]
Info Edge Acquires HR Tech Startup DoSelect For Rs 21 Cr
Info Edge, the parent company of recruitment portal Naukri.com, has acquired Bengaluru-based HR technology startup DoSelect for Rs 21 crore. As per the company, the acquisition of DoSelect will further strengthen it as a leader in the recruitment sector with a sharp focus on tech-based, end-to-end hiring solutions. Additionally, DoSelect […]
Healthtech Startup Meddo Enters Bengaluru, Plans To Enter Ten More Cities In Two Years
Just two weeks after raising a pre-Series A round of $6 million, healthtech startup Meddo has announced its entry into Bengaluru. The healthtech startup will also be launching 20 fully branded and digitised medical centres within the first month of operation in Bengaluru and mark its presence in ten cities in the […]
Government Unveils Startup India Seed Fund Scheme With INR 945 Cr Corpus
To provide financial support to early-stage startups across 300 incubation centres, Union commerce minister Piyush Goyal on Monday formally unveiled a Startup India Seed Fund Scheme (SISFS) with Rs 945 crore corpus. The scheme was launched almost three months after Prime Minister Narendra Modi announced the plan in January 2021. […]
Bengaluru-Based Tech-Enabled Micro-Savings Application ‘Siply’ Raises $1 Million In Seed Funding
Bengaluru-based tech-enabled micro-savings application Siply has raised $1 million in a seed round led by Inflection Point Ventures. As per the startup, it will utilise the funds for team expansion, scaling up technology platform, and conducting initial pilots with the partners. Started by Sousthav Chakrabarty, Anil Bhat, and Nitin Mittal […]
Gaming Platform ‘Zupee’ Raises $10 Million From WestCap Group
Zupee, a Skill-based mobile gaming platform, has raised additional capital of $10 million led by WestCap Group (WestCap), a leading US growth equity firm. The funding round also saw participation from existing investor Matrix Partners India. As per the startup, it plans to use the funds to further scaling up […]
Hyderabad-Based Startup ‘Skyroot Aerospace’ Successfully Test Fires Solid Propulsion Rocket Stage Kalam-5
Skyroot Aerospace, a Hyderabad-based space tech startup, announced a successful test firing of its solid propulsion rocket stage ‘Kalam-5’. As per the startup, this is the first time a private company has successfully designed, developed and tested a full-solid propulsion rocket stage. The solid propulsion rocket stage has been built […]
Online Exchange For Trade Receivables ‘M1xchange’ Raises $4.5 Million In Funding
M1xchange, an online exchange for trade Receivables, has raised $4.5 million (about Rs 33 crore) in funding from BEENEXT Asia, Singapore, and existing investor Mayfield. As per the startup, it will use the funds to expand its network across India and emerge as a comprehensive supply chain finance leader. Started […]
Spacetech Startup Pixxel And NSIL Comes Together To Launch A Remote-Sensing Satellite On ISRO Rocket
Pixxel, India’s first private satellite-imaging company, has joined hands with NewSpace India Limited (NSIL) to launch Pixxel’s first remote-sensing satellite on an ISRO PSLV rocket in early 2021. Pixxel, along with NSIL (a Central Public Sector Enterprise of Government of India and the commercial arm of ISRO) will come together […]