Page 5 - Start Ups

BPEA Credit rebrands to Ascertis Credit, expands focus on Asia markets

The firm has raised four funds and invested over $1 billion in performing credit, primarily focusing on India and Southeast Asia

GenAI start-up landscape witness broad-based growth, crosses 240 in H1 2024

Net funding addition of $152 million since H1 CY2023, cumulative funding grows over $750 million since 2023, according to Nasscom report

Temasek seeks CCI approval to buy stake in foodtech firm Rebel Foods

Singapore's sovereign wealth fund Temasek Holdings has sought approval from the Competition Commission of India (CCI) for acquiring a stake in foodtech company Rebel Foods.

Shoe startup Yoho aims to fill the market gap in comfortable footwear

The direct-to-consumer footwear brand aims to enhance customer experience and product offerings following a Rs 27 crore funding boost. It will deploy the funds to drive business growth and innovation

Neuron7.ai secures $44 million in Series B led by Smith Point Capital

The firm operates in Bengaluru and plans to scale operations in India, targeting 10x growth in 2024

Oyo likely to raise $200 million at 2x valuation of $4.5-5 billion

Fundraise to help it take over budget hotel chain Motel 6

Jewellery retailer GIVA raises Rs 255 cr in Series B funding round

The extended Series B funding round was led by Premji Invest, Epiq Capital, and Edelweiss Discover Fund, with participation from GIVA's top management

Payments major PhonePe launches firecracker insurance policy for Diwali

The plan can be purchased on the PhonePe app and provides coverage to families by insuring up to four family members, including the user, their spouse, and up to two children

Logistics automation firm Elixia raises $1 mn in funding round led by JIIF

Deeptech robotics startup Perceptyne also has raised $3 million (about Rs 25 crore) in a funding round led by Endiya Partners and Yali Capital

AI focused robotic startup Perceptyne secures $3 million in seed funding

Perceptyne operates in the space of AI-driven, semi-humanoid robots for industrial automation

Gaming unicorn Games24x7 looks to branch out as technology platform

The program will provide mentorship, masterclasses, networking, and funding opportunities, along with credits worth $500,000 from over 30 technology partners

IPO-bound Oyo rejigs its top leadership team with five elevations

Sonal Sinha, who joined Oyo in 2015, will be responsible for overseeing Oyo's international business operations, revenue, and spearheading strategic initiatives across the US

Delhi or Bengaluru? Another CEO gives verdict on best city for startups

Following Zomato CEO Deepinder Goyal's remark on Delhi being a better option for startups, Bombay Shaving Company CEO Shantanu Deshpande has also seconded Goyal

India's regulatory reform could hasten homecoming of IPO-bound startups

Many of the dozens of Indian startups that once chose to be based abroad for better access to capital and smaller tax bills are now queuing to return home

Beyond business: How Ratan Tata batted for Indian startup ecosystem

He once said he viewed these investments as a 'learning experience'

60% of unicorn founders in India are first time founders, says study

29% founder took two attempts to build their first Unicorn

Magicpin largest food delivery app on ONDC, logs 150,000 orders daily

Hyperlocal delivery startup says performance in September proves growing market share in major cities

XDLINX Space Labs raises $7 mn in seed funding from Lucky Investments

Founded in 2022 in Hyderabad, XDLINX Space Labs aims to make satellite technology accessible to a broader range of clients

Exicom acquires US EV charging company Tritium for nearly Rs 310 crore

Nasdaq-listed Tritium designs and manufactures proprietary hardware and software to make DC fast chargers for electric vehicles

Swiggy launches 10-minute food delivery service Bolt in six key cities

Bolt offers popular dishes like burgers, hot beverages, cold beverages, breakfast items, and biryani that require minimum preparation time