Hevo Data Raises $30 Mn In Series B Funding Round
No-code data integration platform Hevo Data has raised $30 million in a Series B funding round. Led by Sequoia Capital India, the funding round also saw participation from Lachy Groom, Chiratae Ventures, Qualgro, and other angel investors. As per the startup, the raised funds will be used to scale sales […]
UP Government To Set Up 100 Incubators And 10,000 Startups In The State
To create employment opportunities and to encourage entrepreneurs to establish new ventures, the Uttar Pradesh government has approved a startup policy, the Uttar Pradesh Startup Policy 2020. The startup policy is aimed at creating direct employment opportunities for 50,000 people and indirect employment for one lakh people in the state. […]
Ola Partners With PhonePe To Provide Its Customers With Better Payments Experience
To provide its customers with better mobility experience, Ride-hailing startup Ola has joined hands with payment platform PhonePe. With this partnership, Ola users can now enjoy a seamless and convenient payment experience on the Ola app. Talking about providing its customers with superlative and safe mobility experiences, Anand Subramanian, Ola […]
Bangalore Based Co-Living Startup Zolo Raises $56 Million In Series C Funding
Co-living startup Zolo has raised $56 million in Series C funding led by Investcorp, Mirae Assets, Nexus Venture Partners, and Trifecta Capital, among others. As per the startup, it plans to use the fresh funds to improve its technology, locking in more inventory, and strengthening AI-driven operating platforms. Talking about […]
Around 70% Of Indian Startups Impacted By COVID-19, Shows Latest Survey
As per the latest survey, only around 22% of Indian startups have cash reserves for the next 3-6 months. A joint survey, ‘Impact of COVID-19 on Indian Start-ups’, conducted by Federation of Indian Chambers of Commerce and Industry (FICCI) together with the Indian Angel Network shows that only 22% of […]
Contactless Retail Tech Startup Gobbly Raises Seed Funding Of $500,000
Retail technology startup Gobbly has raised seed funding of $500,000 from Sauce.vc. As per the startup, it plans to utilise the funds for the development of its technology and marketing initiatives. Founded by Ankur Agrawal and Amit Ahuja, Gobbly is a Gurugram-based startup that provides contactless forms of automated retail […]
Mumbai Based B2B Startup Bulk MRO Raises Rs 25 Crore In Debt Funding
B2B startup Bulk MRO has raised Rs 25 crore in debt funding from Delhi-based Stride Ventures. The venture fund has also partnered with one of India’s leading banks for the deal. Founded by Gaurang Shah and Devang Shah in 2015, Bulk MRO is a Mumbai-based B2B startup that enables the […]
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 […]
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 […]
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 […]