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. […]
Bengaluru-Based Tech-Enabled Micro-Savings Application ‘Siply’ Raises $1 Million In Seed Funding
Bengaluru-based tech-enabled micro-savings application Siply has raised $1 million in a seed round led by Inflection Point Ventures. As per the startup, it will utilise the funds for team expansion, scaling up technology platform, and conducting initial pilots with the partners. Started by Sousthav Chakrabarty, Anil Bhat, and Nitin Mittal […]
Gaming Platform ‘Zupee’ Raises $10 Million From WestCap Group
Zupee, a Skill-based mobile gaming platform, has raised additional capital of $10 million led by WestCap Group (WestCap), a leading US growth equity firm. The funding round also saw participation from existing investor Matrix Partners India. As per the startup, it plans to use the funds to further scaling up […]
Hyderabad-Based Startup ‘Skyroot Aerospace’ Successfully Test Fires Solid Propulsion Rocket Stage Kalam-5
Skyroot Aerospace, a Hyderabad-based space tech startup, announced a successful test firing of its solid propulsion rocket stage ‘Kalam-5’. As per the startup, this is the first time a private company has successfully designed, developed and tested a full-solid propulsion rocket stage. The solid propulsion rocket stage has been built […]
Online Exchange For Trade Receivables ‘M1xchange’ Raises $4.5 Million In Funding
M1xchange, an online exchange for trade Receivables, has raised $4.5 million (about Rs 33 crore) in funding from BEENEXT Asia, Singapore, and existing investor Mayfield. As per the startup, it will use the funds to expand its network across India and emerge as a comprehensive supply chain finance leader. Started […]
Spacetech Startup Pixxel And NSIL Comes Together To Launch A Remote-Sensing Satellite On ISRO Rocket
Pixxel, India’s first private satellite-imaging company, has joined hands with NewSpace India Limited (NSIL) to launch Pixxel’s first remote-sensing satellite on an ISRO PSLV rocket in early 2021. Pixxel, along with NSIL (a Central Public Sector Enterprise of Government of India and the commercial arm of ISRO) will come together […]
Google India Says Artificial Intelligence Alone Can Add $500 Billion To The Economy
Google India has said artificial intelligence alone could add $500 billion to the economy, and assist in a better forecast of floods and accurate diagnosis of diseases. And as per a top official, the company has also committed $10 billion for expanding India’s digital footprint. At the ‘ABP Infocom – […]
Wealthtech Startup Fisdom Raises $7M Funding Led By PayU
Wealthtech startup Fisdom has raised $7 million in a fresh round of funding led by PayU. Existing investors – Quona Capital and Saama Capital, also participated in the funding round. As per the startup, it will use the funding for new product development and customer acquisition. Fisdom will also look […]
Netcore Solutions Acquires Product Experience Platform ‘Hansel.io’
Hansel.io, a real-time, no code, product experience (PX) platform, has been acquired by Netcore Solutions in a cash and stock deal, making it the third acquisition by Netcore Solutions in the last 18 months. Netcore Solutions is a pioneer in intelligent customer engagement and communications. As per a statement released […]
Online Insurance Aggregator ‘PolicyBazaar’ All Set To Raise At Least $50 Million
PolicyBazaar, an online insurance aggregator, is all set to receive an investment in the range of $50-100 Mn from Alpha Wave Incubation (AWI). Alpha Wave Incubation is an early-stage fund anchored by Abu Dhabi’s state entity ADQ and managed by Falcon Edge Capital, which is a New York-based venture capital […]