Mumbai Based Social Commerce Platform ‘Shop101’ Raises Funding Of Rs 17.2 Crore
Social commerce platform Shop101 has raised Rs 17.2 crore in its ongoing Series C funding round from its existing investors Kalaari Capital, Vy Capital, Unilever, and Stellaris. The company plans to use the fresh funds to streamline its operations, which have been affected due to COVID-19 induced nationwide lockdown. As […]
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 […]
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 […]
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 […]
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 […]