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 […]
With Increased User Load, Indian Social Media Apps Face Challenges
Since PM Modi’s push for ‘Made In India’ products and ‘Aatm Nirbhar Bharat’ majority of the Indian startups are witnessing an overwhelming growth. And in the digital space, what made the growth exponential is the ban on 59 Chinese apps. But as soon as the user load increased, Indian social […]
AI-Based Startup Inspektlabs Raises $600,000 In Pre-Series A Funding Round
AI-based startup Inspektlabs has raised $600,000 in a pre-Series A funding round led by Better Capital, Titan Capital, and a cluster of angel investors. As per the startup, it plans to utilize the funding amount for product development and to increase its offerings for insurance and automotive players across the […]
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 […]
Indian Short Video Platform ‘Mitron’ Raises Rs 2 Crore In Seed Funding
Mitron has raised Rs 2 crore in seed funding from 3One4 Capital and Lets Venture. This development comes just two days after the Indian government banned 59 Chinese mobile applications. For those who are completely unaware of the Mitron App, Mitron is an Indian short-form video app like TikTok, founded […]
ZEE5 Launches ‘HiPi’, A TikTok-Like Short Video Platform
‘Made for an Atmanirbhar Bharat’ ZEE5 has launched TikTok-like short video platform, HiPi. Called Hypershorts earlier, HiPi had been in the works for a while. HiPi videos will be over a minute long. Integrated within the ZEE5 app, HiPi will now compete with the likes of Mitron TV, Roposo, Chingari, and […]
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 […]
EdTech Sector Witnesses Increase In VC Investments In First Half Of 2020
When the whole startup ecosystem is facing tough times due to the effects of COVID-19, edtech startups have witnessed extraordinary growth. For the first half of 2020, Indian edtech startups have collectively raised over $795 million compared to $108 million in the previous year. As schools are closed and students are dependent […]