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 […]
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 […]
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 […]
Medical Robotics Startup ‘Aether Biomedical’ Raises Seed Funding From Chiratae Ventures
Aether Biomedical has raised an undisclosed amount in seed funding from Venture capital fund Chiratae Ventures. The funding round also saw participation from Joyance Partners and Sunfish Partners. As per the company, it plans to use the funding amount for commercialization of its product Zeus, a multi-action bionic arm, across India […]
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 […]
Coworking Space Provider 91springboard Raises Rs 45 Crore In Funding From Existing Investors
Coworking Space Provider 91springboard has raised Rs 45 crore in a fresh round of funding from its existing investors. Talking about the funding and how the company plans to utilize it, Anand Vemuri, CEO 91springboard, said, “91springboard is one of few coworking players that has been profitable on a company […]
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, […]
Effects of India-China Clash: Indian Startups Are In A State Of Uncertainty In Capital Raising, Could Suffer More
As tensions between India and China are escalating, Indian startups are in a state of uncertainty for capital raising and could suffer a lot more. Aurojyoti Bose, a lead analyst at GlobalData, said Chinese investors have been making their presence stronger in the Indian startup ecosystem since the last few […]