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. […]
Indian-Origin Dating App TrulyMadly Raises Rs 16 Cr In Pre-Series A Funding Round
TrulyMadly, a Dating app, has raised Rs 16 crore ($2.1 million) in pre-Series A funding round. The funding round saw participation from Venture Catalysts, 9 Unicorns, early-stage investor advisor Jana K Balan, Neil Bahal from Negen Capital, angel investor Ruchi Sihare. Existing investors Inflection Point Ventures, The Chennai Angels and […]
DefenceTech Startup Optimized Electrotech Raises $1.8 Million In Funding
Optimized Electrotech (OEPL), a defence technology startup, has raised $1.8 million in a funding round led by Mumbai-based integrated incubator Venture Catalysts. OEPL’s existing investor GVFL and other angel investors also participated in the funding round. As per the startup, the funds would be utilised to design new-age surveillance systems, […]
VC Firm Blinc To Invest INR 100 Crores In Six Startups
Blinc Invest, a Venture capital firm, expects to operationalise a Rs 100-crore Sebi-approved fund, which it plans to invest in six startups in the next two to three years. The VC firm’s founder and Managing Director Amit Ratanpal said that the firm has approached Sebi for the approval of the […]
Report: Businesses Owned By Women Entrepreneurs In India Likely To Grow Up To 90% In 5 Years
As per a report titled-Landscape Study on Women Entrepreneurship, it was revealed that businesses owned by women entrepreneurs in India are likely to witness 90% growth in the next five years. The report was released by Ram Mohan Mishra, Secretary of Ministry of Women and Child Development, during an online […]
Gurugram-Based Fintech Startup M1xchange Raises $10 Million In Funding
M1xchange, a Gurugram-based fintech startup, has raised $10 million (Rs 74.4 crore) in funding led by eCommerce giant Amazon. The funding round also saw participation from existing investors Beenext and Mayfield. This is Amazon’s first bet from its $250 million Amazon Smbhav venture fund launched on Thursday at its annual Smbhav summit. […]
Accelerator VC 9Unicorns Announces Third Close Of Fund I At $40 Million
9Unicorns, a Mumbai-based accelerator VC, has announced the third close of its first accelerator fund at $40 million to fund Indian seed-stage startups. As per 9Unicorns, the third close witnessed the participation from global and Indian industrialists and businesses. Bullish on the high growth potential of early-stage Indian startups, some […]
Agritech Startup EF Polymer Raises Rs 2.7 Cr In A Seed Funding Round
EF Polymer, an agritech startup, has raised ¥40 million (Rs 2.7 crore) in a seed funding round. The funding round was led by Japan-based venture capital investors MTG Ventures Inc, Beyond Next Ventures Inc, Yosemite LLC, and angel investor Tatsuya Suzuki. As per the startup, it will use the funds […]
Amazon Announces $250 Million ‘Smbhav Venture Fund’ To Invest In Indian Startups And Entrepreneurs
Amazon India has announced a $250 million ‘Smbhav venture fund’ to invest in Indian startups and entrepreneurs focused on tech-led innovations. Amit Agarwal, global senior vice president and country head of Amazon India, said Smbhav venture fund will focus on three broad areas- digitisation of small businesses in the country, […]
B2B Sales Engagement Startup Upscale Raises $250K In Funding
Upscale, a B2B sales engagement startup, on Thursday, announced that it had raised $250,000 in its pre-seed round. The funding round was led by Powerhouse Ventures, Java Capital, and GSF Accelerator. As per the startup, it will use the fresh fund to expand its market reach and bring unparalleled automation […]