Page 3 - Start-up

Alternative data insights startup Synaptic raises $20 mn from Valor

Synaptic is used by leading venture capital and private equity firms, Hedge Funds, and Asset Managers globally with combined assets of several hundred billion dollars

Investment firm DVC announces close of $80 mn fund for SaaS start-ups

It will invest in one company per quarter, or a total of approximately 20-25 companies over five years.

Start-up Wakefit logs Rs 636 cr revenue, marking 50% y-o-y growth

Firm that makes mattresses and pillows aims to expand to smaller cities and is setting up a manufacturing facility in Sonipat.

Self-driving vehicle start-up Minus Zero raises $1.7mn in seed fund

The company plans the public launch of its first Autonomous vehicle use-case in late 2022 to early 2023.

Google-backed VerSe valued at $5 billion in latest funding round

VerSe Innovation has raised $805 mn in a funding round led by Canada's top pension fund, putting a $5 billion valuation on the Google-backed parent of video app Josh and news aggregator Dailyhunt.

Phool raises Rs 60 cr from Sixth Sense Ventures, Alia Bhatt, IAN Fund

The money was raised in a series A round which also saw participation from existing investors -- actor Alia Bhatt and IAN Fund

Vested Finance raises $12 mn in series A funding round led by Ayon Capital

The company has processed more than $250 million in transactions in 2021 and also tripled the deposits on the platform in 2021.

Leverage Edu raises $22 mn in Series B funding at $120 mn valuation

Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round

Agritech startup Otipy raises $32 million from investors to expand business

Agri-tech startup Otipy, which mainly sells fresh vegetables and fruits through its mobile app, has raised $32 million (Rs 235 crore) from investors including Westbridge Capital to grow its business

SaaS start-up Icertis aims at $50 billion valuation, global domination

The global market for Life Cycle Management is estimated at $3 bn

SaaS start-up Hasura enters unicorn club with $100 mn Series C funding

Greenoaks-led round will be used to expand R&D and go-to-market activities for GraphQL

India has third-largest ecosystem for start-ups: Nasscom Official

'The number of start-ups is growing significantly in the country with ten per cent being added every year'

Edtech soonicorn BrightCHAMPS to accept fee payments in cryptocurrency

Ties up with payment gateway TripleA; will accept Bitcoin, Tether, and Ethereum in more than 30 countries it operates in, including US, Canada, UAE, Nigeria, Malaysia, Thailand

Tech startups struggle to get out of the red amid mktg and staff cost spike

While losses widened by 45% and 55% at fintech peers Paytm and PB Fintech, respectively, food delivery firm Zomato remained in the red despite narrowing its net loss by 81%

Anushka Sharma and Virat Kohli invest in vegan meat start-up Blue Tribe

The company's products contain pea, soybean, lentils, grains, and other vegetarian ingredients that mechanically extract proteins, vitamins, and other nutrients

Dental care startup Smikes nets $23 mn from Alpha Wave, Sequoia, Chiratae

Dental care startup Smiles.ai has raised USD 23 million (around Rs 172 crore) in Series A funding led by Alpha Wave Incubation that is managed by Falcon Edge Capital, and with strong participation from existing investors Sequoia Capital India and Chiratae Ventures. The Bengaluru-based startup said the other investors in the round include MBX Capital, Wami Capital and angel investors - Peyush Bansal & Amit Chaudhary of Lenskart, Aakrit Vaish of Haptik, Revant Bhate of Mosaic Wellness, Miten Sampat of CRED, Sambhav Rakhyan of WTW. Smiles.ai marks US-based healthcare focused fund, MBX Capital's first investment in the country, it added. This funding comes within a year of the company raising a USD 1 million seed round co-led by Sequoia Capital India and Chiratae Ventures with participation from some angels and family offices. Smiles.ai will deploy this funding for expanding its footprint nationally, strengthening the leadership team, and building innovative tech-driven dental care ...

What lessons does Elizabeth Holmes' fall have for startup investors?

Billionaire Elizabeth Holmes, founder of Theranos, has been found guilty of defrauding investors. What lessons does the Homes-saga hold for startup investors back home, this report finds out

Record number of unicorns in 2021 as race for such valuation takes longer

Karnataka has emerged the biggest source of start-ups in India

Financial security firm MetaMap raises Rs 530 cr for business expansion

Start-up offers solutions for fraud prevention, identity and financial qualification, and credential sourcing.

Robotics firm ARAPL Raas raises funding for warehouse automation

Company says its technology reduces the cost of operations for companies in instant commerce.