Page 9 - Start Ups

Fintech firm Axio raises $20 million from Amazon Smbhav Venture Fund

Consumer finance company will use investment to scale up loan book and 'expand credit offerings'

Fintech major PhonePe introduces 'credit line on UPI' on its platform

The option also allows merchants on PhonePe's Payment Gateway to offer customers an additional payment option at the time of checkout

DMI Finance set to raise funds from MUFG at $3 billion valuation

DMI Finance plans to use the capital to expand its balance sheet, co-founder said

Small UPI players show promise even as larger ones continue to dominate

Smaller fintechs gain traction as top UPI apps near 30% market cap limit

India presents an unprecedented chance for investments: Ankur Capital MD

Ankur Capital secures key commitments for Rs 1,200 crore fund

Global gaming major Flutter bets big on India, opens GCC in Hyderabad

New York Stock Exchange-listed firm invests $3.5 million, hires 700 employees to focus on data engineering & game integrity

After forensic analysis, WazirX blames wallet provider for crypto heist

But Liminal Custody stresses its systems weren't compromised

Games24x7 looks to keep users engaged despite heavy GST on online gaming

The gaming unicorn is investing in product enhancements to boost user engagement, and is looking to cross-monetize its offerings

Pluckk implements computer vision tech to check defects in fruits, veggies

The farm-to-fork fruits and vegetable company said investing in such technologies is critical, as the firm is scaling up operations to meet diverse customer needs across retail, restaurants

Kitchen and personal care brand Beco raises $10 mn in pre-Series B round

Founded in 2019 by Aditya Ruia, Akshay Varma, and Anuj Ruia, the Mumbai-based company claims to have achieved 3x growth in the last year

EyeROV raises Rs 10 cr in pre-Series A round led by Unicorn India Ventures

In the financial year 2024, EyeROV secured multiple contracts domestically and internationally, expanding its reach through partnerships in India and the GCC region

PayU-backed Vayana raises $20.5 million in Series D funding round

The company said the fundraise saw participation from family offices such as Quantum State Investment Fund and Emerald Company

Cross-border payments fintech Skydo raises $5 mn from Elevation Capital

The firm had previously raised $5.2 million in a seed round led by Elevation Capital in 2022

Garuda Aerospace enters Sri Lankan market to target agricultural sector

The company said it is looking to spread its presence in at least 50 countries over the next few years

B2B healthcare startup HealthCRED raises $1.2 million in seed funding

The firm will utilise the raised capital to expand operations in the southern and western parts of the country

Truva raises $3 mn in seed funding led by Stellaris, aims to scale ops

Truva is a proptech firm catering to home buying and selling. Founded in 2023 by Puneet Arora, Monil Singhal, and Ankit Gupta, Truva is dedicated to delivering a seamless home-buying experience

Uttar Pradesh to pave way for a million micro startups, enterprises

The state government will provide industry training and necessary funding to almost 100,000 youths annually for the next 10 years

Zepto to raise $310 million, valuing quick-commerce firm at $5 billion

Quick-commerce grocery delivery platform Zepto, currently based in Singapore, plans to relocate to India to prepare for its IPO filing

E-commerce industry plans to hire in big numbers this festival season

Last year in October, Amazon India said it created more than 1,00,000 seasonal job opportunities across its operations network for the Indian festive season

Shopsy intensifies efforts to tap millions of shoppers in rural India

The primary focus is on the Bharat consumer, particularly households with an annual income of less than Rs 10 lakh