Page 4 - Start-up

Start-up Electra EV sees turnover doubling for its product as demand rises

25% of e-four-wheelers on Indian roads had an Electra EV powertrain in FY20, the company says.

Healthtech platform Innovaccer raises $150 mn at $3.2-bn valuation

Company announces new Innovation Accelerators to help customers tackle the most common and high-impact clinical, operational, and financial use cases

HR tech start-up Skillr raises $1.2 mn from Binny Bansal, Kunal Shah

The funds will be used to build a strong team, boost product development, and co-build powerful hiring solutions with early customers in India and the United States~

SaaS start-up Spry, led by ex-CTO of Ola, raises $3 mn in seed round

Capital to bolster product development and drive expansion in India and US

EV start-up Oben raises $1.5 mn to launch 100% homegrown electric bike

The one-year-old company says it will deliver its first batch of EVs in next six months

Chennai-based WEGoT raises $1.5 million to expand footprint across India

Strategic round was led by GRUHAS Proptech (promoted by Abhijeet Pai of Puzzolana Group, Nikhil Kamath of Zerodha), Rahul Talwar-DLF Family Office, Harshad Reddy-Apollo Hospitals Family

Farm e-commerce start-up AgroStar raises $70 mn in Series D from Hero, CDC

The company has over 5 million farmers on its platform across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, and Uttar Pradesh

Cybersecurity start-up CloudSEK raises Rs 50 crore in Series A funding

The round will be used to speed up CloudSEK's sales and marketing across Asia-Pacific, West Asia, and North America. The firm will also ramp up its R&D to combat sophisticated global threats

TechEagle delivers lifesaving medicines using hybrid drone in Meghalaya

The collaboration with the state govt is aimed at transforming the healthcare supply chain for hard-to-reach population

Grammarly raises fresh capital fund at a valuation of $13 billion

Grammarly uses machine learning to assist not only with basic writing, but also spell-check, grammar, tone of language and context.

EV startup Rivian could be worth nearly as much as Honda in U.S. IPO

The startup is looking to raise up to $8.4 billion, setting it up to be the third-largest initial public offering (IPO) by funds raised in the past decade in the United States.

RaRa Delivery raises $3.25 mn led by Sequoia Capital's Surge, East Ventures

RaRa Delivery is Southeast Asia's only last-mile logistics company in the one to three-hour deliveries segment for e-commerce

Logistics-tech start-up Pickrr raises $12 million in Series B round

The start-up will use the funding to drive product development and expand its network of fulfilment centres across the country

Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report

The company, which is backed by Ant Group, will be valued at up to $8 billion following the IPO which is the first for a food delivery group in India.

How meat startups are leveraging technology to bring best quality produce

The trucks that move produce from farms to slaughter houses and retail stores have IoT-enabled trackers that track the produce and periodically send temperature data

Inflection Point Ventures bets big on analytics start-up Circus Social

The platform has rolled out an investment corpus of Rs 155 crore for 2021 across 60 plus start-ups

Sequoia Capital India closes $195-million seed fund to foster start-ups

69 startups in four cohorts have received a combined $172 million

Govt forms experts committee for Startup India Seed Fund Scheme

The government has constituted an experts advisory committee which will be responsible for the overall execution and monitoring of the Startup India Seed Fund Scheme

Sowkea Agro eyes to clock Rs 200 cr revenues; to strengthen retail sector

Sowkea Agro and Retail Concepts has planned to introduce retail sales of fresh coconut milk, cold-pressed juices, palm-nectar, as part of its vision of reaching a turnover of Rs 200 crore

Mobility start-up eBikeGO partners with ASSAR to promote electric bikes

eBikeGO said it has roped in reform-centric advance service firm ASSAR as its strategic partner, to promote and deploy over 10,000 electric bikes to various e-commerce and logistics companies.