Sequoia Capital India And Beenext Ventures To Invest $4 Million In AppsForBharat
VC firms Sequoia Capital India and Beenext Ventures are all set to invest in a spiritual startup AppsForBharat. First reported by Entrackr, citing three sources, Sequoia Capital India and Beenext Ventures are in an advanced stage to pump in $4 million in AppsForBharat. Started by Prashant Sachan in November 2020, […]
Gurugram-Based Logistics Startup Rivigo Witnesses 5% Growth In Revenue In FY20
Rivigo, a Gurugram-based logistics startup, has recorded a 5% increase in its revenue in FY2020. First reported by Inc42, the logistics startup reported a revenue of Rs 1,080 Cr in FY2020 compared to INR 1,028 in FY2019. For the same period, Rivigo’s expenses grew 5% from Rs 1,532 Cr in […]
Chennai-Based Jidoka Technologies Raises $340K In Seed Funding
Jidoka Technologies, a Chennai-based AI-driven automation startup, has raised $340,000 in seed funding from a technology entrepreneur. As per the startup, it will use the funds to scale up operations and for expansion into new markets of North America and Southeast Asia. Founded by Vinodh Venkatesan and Sekar Udayamurthy, Jidoka […]
Creativeland Asia Founder Acquires 40% Stake In Revenant Esports
Sajan Raj Kurup, the founder of advertising and design firm Creativeland Asia, has acquired a 40% stake in Revenant Esports LLP, an esports startup, for around $1 million (Rs 7.4 crore). As the esports sector is becoming one of the fastest-growing industries globally, Kurup expects Revenant to grow to a […]
Accel, India Quotient Bet On Construction Site Management App Powerplay
Sequoia Capital’s accelerator Surge and early-stage venture capital firms Accel and India Quotient have invested in Powerplay, a construction site management app. Accel has invested in Powerplay from its new $550 million fund, which the early-stage VC firm raised in December. The deal size is not yet clear, but as […]
This Mumbai-Based Auto Startup Ensures Transparency For Users While Buying Pre-Owned Cars
Because of the affordability factor, the pre-owned car market in India is growing at a steady rate. In 2020, 4.4 Mn units of pre-owned cars were sold. And as per a report by Mahindra First Choice Wheels Ltd, the used car market in India is estimated to reach between 6.7 […]
Bike Taxi Startup Rapido Raises $43 Mn In Series C Funding
Rapido, a Bengaluru-headquartered bike taxi startup, has raised Rs 321 Cr or $43.4 Mn in a Series C funding round led by existing investor Westbridge Capital. First reported by Inc 42, the funding round also saw participation from firms including Nexus Ventures, Everblue Bangladesh LLC, Motherson Lease Solutions, MMPL Trust, […]
Online Pharmacy Sector Witnesses Massive Order Surge Amid Second COVID-19 Wave
Led by the second wave of the COVID-19 pandemic, the online pharmacy sector in India is again witnessing a surge in orders. The sector is receiving increased demand for medical devices, personal protective equipment (PPE), health supplements and commonly available drugs. Because of regional lockdown and people preferring online buying, […]
Edtech Startup Teachmint Raises $16.5 Million In Series A Funding
Teachmint, a Bengaluru-based edtech startup, has raised $16.5 million in Series A funding led by Learn Capital with participation from existing investors Lightspeed and Better Capital, along with CM Ventures. As per the startup, it will use these funds for hiring top talent, R&D on teaching technology, strategic acquisitions and […]
IAN Fund Invests In Noida-Based Fintech Startup Nivesh
Nivesh, a Noida-based fintech startup, has raised $1.6 million in a pre-Series A round from IAN Fund. Other co-investors, including angel investors from Indian Angel Network and LV Fund and angel investors Vir Mehta and Raghav Kapur, also participated in the funding round. As per the startup, it will use […]