Indian Government To Invest Rs 11.85 Crore In 112 Agritech Startups
To promote a healthy agricultural ecosystem in India, Union Minister for Agriculture Narendra Singh Tomar has announced that the Indian government will fund 112 agritech startups. In the first phase, a sum of Rs 11.85 crore will be provided to these Agritech startups in the current financial year. As per […]
Workflow Automation Platform Delightree Raises $3 Million In Seed Funding
Workflow Automation platform Delightree has raised $3 million in a seed funding round from Accel Partners, Emergent Ventures, Axilor Ventures, Brainstorm Ventures, and Alchemist Accelerator. As per the company, it plans to use the fresh funding to gain new clients. Founded by Tushar Mishra and Madhulika Mukherjee in 2019, Delightree […]
Startups Say Diversification In Multiple Categories Is The Only Way To Bounce Back
With COVID-19 disrupting the global business world, businesses have left with no other options than diversifying into new business segments. And now, to soften the impact of COVID-19 on revenue, many Indian startups are diversifying their businesses in multiple categories. Talking about their position after adding multiple categories, Upasana Taku, […]
Budget Hotel Chain Treebo Raises Series D Funding
The hospitality industry is among those industries that have been severely hit by the COVID-19 pandemic.Budget accommodation hotel brand Treebo Hotels is no exception, and the company is trying its best to keep the dice rolling. Amid tough times and no revenue, Treebo Hotels has raised a Rs 10.26 crore […]
Fintech Startup ‘Niyo’ Acquires Direct Mutual Fund Investment Online Platform ‘Goalwise’
Bengaluru-based fintech startup Niyo has acquired direct mutual fund investment online platform Goalwise. This acquisition of Goalwise by Niyo has been done to expand its product offering to millennials. Niyo co-founders Vinay Bagri and Virender Bisht have picked up majority stakes in the startup, along with Niyo, in a cash-and-stock […]
Flipkart Launches 90-minute Delivery Service Called Flipkart Quick In Bengaluru
To provide hyper-local delivery services to consumers, Flipkart has launched a 90-minute delivery service called Flipkart Quick in Bengaluru. Under Flipkart Quick, services across categories, including grocery, mobiles, electronics, and home accessories, will be provided. This hyper-local service by Flipkart will also be operated through partnerships. And to provide fresh […]
Gurugram Based Content Creation Startup WYN Studio Raises Seed Funding
Content creation startup WYN (What’s Your Narrative) Studio has raised Rs 50 lakh in a seed funding round led by the India Angel Fund. The funding round also saw participation from Sanjeev Sinha, a partner at the Tokyo-based India Japan Partnership Fund; Narendra Firodia, the founder of Sohamm Unicorp; and […]
Microfinance Startup SATYA MicroCapital Raises Rs 72.5 Crore In Funding
Microfinance startup SATYA MicroCapital Limited has raised Rs 72.5 crore in a debt funding round led by Swiss impact investor, BlueOrchard Finance Limited. The company will receive the funding through InsuResilience Investment Fund (IIF) and Japan ASEAN Women Empowerment Fund (JAWEF). As per the company, this freshly received debt funding […]
Electric Vehicle Market In India Is Likely To Reach Rs 50,000 Crore Says Latest Report
As per the latest report by Avendus Capital, the electric vehicle (EV) market in India is likely to reach Rs 50,000 crore by 2025. Also, as per the report, the total cost of ownership (TCO) of low- and medium-speed electric two-wheelers is already lower than internal combustion engine vehicles. Talking […]
IIT Madras Incubated Startup Is Set To Launch Wearable Tracker For COVID-19 Detection
IIT Madras incubated startup, Muse Wearables, has developed a wrist band for the detection of COVID-19. The wrist band will be available in the market next month, and the startup has raised Rs 22 crores for the purpose. The tracker is Bluetooth enabled and is connectable to the mobile phone […]