Page 15 - Start Ups
AI app evaluation platform Maxim AI raises $3 mn led by Elevation Capital
Maxim's infrastructure, which sits between the foundational model and application layers of the AI stack, is deeply focused on AI developers who comprise the traditional AI/ML engineers
 "AI app evaluation platform Maxim AI raises $3 mn led by Elevation Capital")
Startup Landeed raises funds from Paradigm Shift to extend product line
Landeed in a statement said it will utilise the fresh capital to extend its product line and expand its workforce to support its growing expansion in India and abroad
 "Startup Landeed raises funds from Paradigm Shift to extend product line")
India is a better destination for tech IPOs: Binny Bansal to entrepreneurs
Binny Bansal also acknowledged that the quick commerce model is working well in India despite his scepticism
 "India is a better destination for tech IPOs: Binny Bansal to entrepreneurs")
Pocket FM: How an audio entertainment startup is building a global business
Pocket FM is awash with funds and listeners, but this is the result of a long and iterative process of finding great stories, finding ways to market them, and finding people who would pay for them
 "Pocket FM: How an audio entertainment startup is building a global business")
EdTech firms moves SC against grace marks given to NEET-UG 2024 candidates
The plea challenges the alleged award of grace marks on account of loss of time apparently due to several reasons. The petition is yet to be listed for hearing
 "EdTech firms moves SC against grace marks given to NEET-UG 2024 candidates")
Uber invests in tech-led features to make it safer for riders, drivers
The ride-hailing firm has also built the Centre of Excellence for safety, where teams handle safety issues ranging from a verbal dispute over cash or route to critical incidents like accidents
 "Uber invests in tech-led features to make it safer for riders, drivers")
Salt revolutionises B2B cross-border payments for Indian merchants
Salt simplifies cross-border payments, automates compliance, and cuts processing time for Indian merchants, supporting SMEs, startups, and freelancers with cost-effective solutions
 "Salt revolutionises B2B cross-border payments for Indian merchants")
Skincare startup Foxtale raises $18 mn in funding for category expansion
Founded by Romita Mazumdar, the Mumbai-based startup commenced operations in January 2022 and has a vast customer base spanning over 100 Indian cities
 "Skincare startup Foxtale raises $18 mn in funding for category expansion")
Ola Electric gets Sebi approval to raise $660 mn through IPO: Report
Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said
 "Ola Electric gets Sebi approval to raise $660 mn through IPO: Report")
Battery Smart raises $65 mn in funding round led by LeapFrog Investments
The freshly raised funds will be utilised to fuel the company's next phase of expansion, Battery Smart said
 "Battery Smart raises $65 mn in funding round led by LeapFrog Investments")
Growing presence: D2C brands hitch a ride on the quick-commerce wagon
D2C brands growth in quick commerce has overtaken traditional e-commerce, and the channel is currently proving to be more profitable as well
 "Growing presence: D2C brands hitch a ride on the quick-commerce wagon")
Unacademy cofounder and CTO Hemesh Singh quits the edtech company
After almost a decade of building Unacademy, Singh has decided to move from an executive role to an advisory role
 "Unacademy cofounder and CTO Hemesh Singh quits the edtech company")
India's strong growth leading to trend of 'reverse flipping' for startups
Commerce Secretary Sunil Barthwal also said that the digital economy along with emerging technologies like AI and the rise of data centres were key to future Indian growth
 "India's strong growth leading to trend of 'reverse flipping' for startups")
Pixxel, Sarvam AI among 10 Indian startups in WEF's Tech Pioneers list
The list has total 100 leading tech startups which are focused on applying new breakthroughs in AI to develop clean energy solutions, healthcare innovation and progress in biotech, space
 "Pixxel, Sarvam AI among 10 Indian startups in WEF's Tech Pioneers list")
BoAt to scale down wearables biz, focus on high-end audio products
The company is 18 months away from IPO, says CEO Mehta
 "BoAt to scale down wearables biz, focus on high-end audio products")
Byju's lenders start bankruptcy proceedings against its US assets
Byju's founders unlawfully diverted $533 million in loan proceeds, the whereabouts of which are still unknown, alleged the lenders
 "Byju's lenders start bankruptcy proceedings against its US assets")
Aye Finance adopts 'phygital strategy' to revolutionise credit underwriting
Aye Finance's phygital strategy leverages technology to underwrite credit and disburse loans, using business markers to predict sales and categorise underwriting methods
 "Aye Finance adopts 'phygital strategy' to revolutionise credit underwriting")
Fintech firm Fibe raises $90 mn in funding round led by TR Capital
Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe facilitates consumer finances like healthcare loans, edtech loans, insurance financing, and school fee financing, among others
 "Fintech firm Fibe raises $90 mn in funding round led by TR Capital")
Lenskart raises $200 million in secondary round at $5 billion valuation
Peyush Bansal-led firm continues to deepen its penetration in India while rapidly scaling its international presence in Asia including in Southeast Asia and the Middle East
 "Lenskart raises $200 million in secondary round at $5 billion valuation")
Fewer startups getting bigger cheques when investors chase returns
There were 465 deals this year, compared to 758 reported in the same period last year
 "Fewer startups getting bigger cheques when investors chase returns")
