Page 17 - Start Ups
Reloy's revenue up 65% to Rs 21 cr in FY24, referral sales hit Rs 1,450 cr
The company's revenue stood at Rs 12.7 crore in the 2022-23 fiscal
 "Reloy's revenue up 65% to Rs 21 cr in FY24, referral sales hit Rs 1,450 cr")
From Zerodha to Cars24, 10 unicorns to hop on government-backed ONDC
ONDC in 'serious discussions' with Amazon, Flipkart to join the network
 "From Zerodha to Cars24, 10 unicorns to hop on government-backed ONDC")
40 start-ups extend support to Digital Competition Bill in a letter to MCA
In the letter, the start-ups have also requested an upward revision of the thresholds for designating Systematically Significant Digital Enterprises (SSDEs)
 "40 start-ups extend support to Digital Competition Bill in a letter to MCA")
Uber's India tech team powers Uber Eats to 1 million merchants globally
Uber said this milestone marks a significant step in Uber Eats' journey, while also underscoring the role of the India engineering support centres in the growth and evolution of the business
 "Uber's India tech team powers Uber Eats to 1 million merchants globally")
Number of Agri startups jumps multifold to 7,000 in last 9 years: Report
The report commended the government's decade-long efforts, acknowledging a comprehensive approach that has borne fruit
 "Number of Agri startups jumps multifold to 7,000 in last 9 years: Report")
How this tech startup helps sportspersons raise their game using AI
Stupa Sports Analytics, founded by husband-wife duo Deepak Malik and Megha Gambhir, offers AI-driven solutions for advanced analytics of player performance and create innovations in sports industry
 "How this tech startup helps sportspersons raise their game using AI")
Ola founder's latest bet on 'cloud' and free offer shakes tech industry
The cloud service is available to developers who are presently using Microsoft's Azure, with the condition that they won't return to Azure again
 "Ola founder's latest bet on 'cloud' and free offer shakes tech industry")
Go Digit General Insurance raises Rs 1,176.59 crore from anchor investors
It allocated over 43 million equity shares at Rs 272 per share on Tuesday, to anchor investors
 "Go Digit General Insurance raises Rs 1,176.59 crore from anchor investors")
9Unicorns rebrands as 100Unicorns; launches its second fund of $200 million
The second accelerator fund called 100Unicorns Fund II with a target size of $200 million includes a green-shoe option of $100 million
 "9Unicorns rebrands as 100Unicorns; launches its second fund of $200 million")
Life and leave: 84% of startups allow employees to accumulate earned leave
Most startups don't give leave for menstruation but many do for miscarriage
 "Life and leave: 84% of startups allow employees to accumulate earned leave")
India aiming for AI accessibility to all, says Infosys' Nandan Nilekani
Taking a swipe at AI alarmists and monopolistic tendencies, the co-founder and chairman of Infosys, Nandan Nilekani dismissed doomsday predictions as 'protectionist rhetoric'
 "India aiming for AI accessibility to all, says Infosys' Nandan Nilekani")
Financial services startup Groww moves domicile to India from the US
Groww joins an increasing number of startups planning to move their domiciles to the country
 "Financial services startup Groww moves domicile to India from the US")
Zeta eyes 50% of $1 trn credit line on UPI banking tech opportunity by 2030
Zeta was founded by serial entrepreneurs Bhavin Turakhia and Ramki Gaddipati in 2015
 "Zeta eyes 50% of $1 trn credit line on UPI banking tech opportunity by 2030")
Setu unveils Sesame, India's first domain-specific LLM for BFSI sector
Developed in collaboration with indigenous AI research firm Sarvam AI, the company said this marks a "ChatGPT moment" in financial services
 "Setu unveils Sesame, India's first domain-specific LLM for BFSI sector")
Nandan Nilekani-backed people+ai partners with 24 tech organisations
It stands out as one of the select technology-driven consortia dedicated to addressing and facilitating large-scale computing access
 "Nandan Nilekani-backed people+ai partners with 24 tech organisations")
Dhoni-backed EMotorad to build world's biggest electric cycle gigafactory
With an initial production capacity of over 500,000 e-cycles annually, the gigafactory aims to meet the rising demand for alternative modes of transportation
 "Dhoni-backed EMotorad to build world's biggest electric cycle gigafactory")
Rapido offers free rides to voters on May 13 in Hyderabad, 3 other cities
This concerted effort aligns with Rapido's nationwide campaign, deploying over 10 lakh captains across more than 100 cities to provide free rides on election day, it further said
 "Rapido offers free rides to voters on May 13 in Hyderabad, 3 other cities")
BlackSoil's FY24 disbursement grows 40%; firm exited 18 deals, entered 36
The company's year-on-year disbursement grew by 110%, and its Assets Under Management (AUM) increased by nearly 50 per cent year-on-year
 "BlackSoil's FY24 disbursement grows 40%; firm exited 18 deals, entered 36")
Milagrow expects to hit Rs 100 crore revenue mark in next three years
The company has developed iMap 15 robots with algorithms designed for Indian customers, like speaking in six vernacular languages
 "Milagrow expects to hit Rs 100 crore revenue mark in next three years")
Good Capital plans to invest $25 million in Indian AI startups this year
Currently, 80 per cent of Good Capital's pipeline consists of companies leveraging AI across various industries
 "Good Capital plans to invest $25 million in Indian AI startups this year")
