Page 8 - Start Ups

Startups tackle loneliness with services for friendships and companionship

Studies show that loneliness transcends age, affecting everyone from the teenagers to the elderly

Softbank-backed InMobi raises $100 mn via debt financing agreement

The funds will be used to propel InMobi's artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions

Origin starts Bengaluru operations, plans to raise $10 million funding

Origin introduces Omnichannel Pay, seamlessly integrating offline, online, and quick commerce delivery modes to cater to a diverse customer base

Nestasia secures $8.35 million from Susquehanna Asia VC and Stellaris

Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a curated selection of home decor and lifestyle products across six key categories

Home decor brand Nestasia raises $8.35 mn in from Susquehanna Asia VC

The capital raise will scale the company's efforts in offline store expansion, new category launches, brand building, and hiring, according to a release

Pixxel becomes first Indian space startup to grab order from Nasa

Pixxel becomes part of the Nasa's $476 million Commercial SmallSat Data Acquisition Program

Unicorn India Ventures eyes a new chapter, aims to be a cross-border fund

Cross-border funds have their unique advantages: they allow funds to build strong connections in two countries and create a network that encompasses both regions

Indian tax officials demand $101 million in Byju's insolvency process

The company is being run by court-appointed resolution professional Pankaj Srivastava who is inviting lenders, employees, vendors and government to claim unpaid dues

Zepto set to enter buy now, pay later segment with 'Zepto Postpaid'

Rival firms like Zomato-owned Blinkit already offer BNPL services to their customers through partnerships with players like LazyPay and Simpl

RecommerceX raises $3.6 mn from Accel, Kae Capital, to scale recycling

RecommerceX focuses on recovering valuable materials such as metals, plastics, and e-waste

Flipkart launches 11 fulfilment centres, expects to create over 100k jobs

This comes at a time when e-commerce and quick commerce companies are expanding their supply chain infrastructure ahead of the festival season

Food aggregator Swiggy strengthens top deck ahead of upcoming IPO

This comes at a time when competition is intensifying in the rapidly growing quick commerce space

Large funding rounds over $100 million see resurgence among Indian startups

Investors focus on profitable growth as late-stage deals rebound in 2024

BigEndian Semiconductors raises $3 mn in funding led by Vertex Ventures

India's semiconductor sector, despite being home to 20-25 per cent of the global design talent, has historically lacked a significant presence in the global market

Zepto adds $340 million to basket; valuation at $5 billion ahead of IPO

General Catalyst, Dragon Fund, Epiq Capital led the round

Games24x7 shifts focus to tech platform, plans sector-agnostic investments

Amid new GST regime, Games24x7 eyes growth through diverse tech solutions and innovation

10-minute delivery to become BigBasket's default option: CEO Hari Menon

This is much higher than Blinkit's 25,000 SKUs and Zepto's 10,000 SKUs. Zepto has stated that it intends to increase SKUs on its platform to 20,000 before the festive season begins

Delhi-based Proptech startup HouseEazy raises $7 mn in Series-A funding

HouseEazy said that the funds collected will be used to drive growth in new NCR (National Capital Region) geographies, expand its footprint, enhance products, and support team expansion

Cheap AI bots rapidly expand across India, transforming tech landscape

Startups may turn India into a proving ground for what could be the next frontier of generative AI products

First reusable hybrid rocket RHUMI launched by Tamil Nadu space startup

Tamil Nadu-based startup Space Zone India launched its first reusable hybrid rocket, Mission RHUMI-2024, onboard a mobile platform to take up research on global warming and climate change