UP Government To Set Up 100 Incubators And 10,000 Startups In The State
To create employment opportunities and to encourage entrepreneurs to establish new ventures, the Uttar Pradesh government has approved a startup policy, the Uttar Pradesh Startup Policy 2020. The startup policy is aimed at creating direct employment opportunities for 50,000 people and indirect employment for one lakh people in the state. […]
Cars24 Financial Services Raises Debt Funding Of Rs 10 Crores From Vivriti Capital
Cars24 Financial Services has raised its first debt funding of Rs 10 crores from Vivriti Capital. As per the company, it plans to utilize the funding amount to lend to small dealers and consumers across 50 cities where Cars 24 operates. Talking about Cars24 Financial Services, Ruchit Agarwal, Co-Founder and […]
SBI Plans To Invest $150 Mn To Set Up A B2B eCommerce Marketplace For MSMEs
State Bank of India (SBI) is all set to invest $100 Mn to $150 Mn (Rs 750 Cr to Rs 1000 Cr) to set up its latest B2B eCommerce marketplace. Named Bharat Craft, this B2B eCommerce marketplace will be designed for micro, small and medium enterprises (MSMEs). Proving details about […]
Indian Wellness Startup ‘Green Cure’ Raises Undisclosed Funding Amount From Venture Catalysts
Indian wellness startup Green Cure has raised an undisclosed amount of funding from Venture Catalysts.The funding round was led by Gunvanth Vaid, Founder of 4G Capital and ACG World, which are part of Venture Catalysts. As per the startup, it plans to utilize the funding amount to further scale up […]
Ola Partners With PhonePe To Provide Its Customers With Better Payments Experience
To provide its customers with better mobility experience, Ride-hailing startup Ola has joined hands with payment platform PhonePe. With this partnership, Ola users can now enjoy a seamless and convenient payment experience on the Ola app. Talking about providing its customers with superlative and safe mobility experiences, Anand Subramanian, Ola […]
Bangalore Based Co-Living Startup Zolo Raises $56 Million In Series C Funding
Co-living startup Zolo has raised $56 million in Series C funding led by Investcorp, Mirae Assets, Nexus Venture Partners, and Trifecta Capital, among others. As per the startup, it plans to use the fresh funds to improve its technology, locking in more inventory, and strengthening AI-driven operating platforms. Talking about […]
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 […]