Battery recycling startup BatX Energies on Tuesday said it raised USD 5 million (over Rs 40 crore) in an early stage funding round led by Zephyr Peacock. Lets Venture as well as existing investors JITO Angel Network and family offices of Mankind Pharma, Excel Industries, and BluSmart also participated in the pre-Series A funding round, BatX Energies said in a statement. The infusion of fresh funds will help scale up recycled battery-grade lithium, nickel and cobalt production and establish a secured nationwide reverse logistics network for sourcing, it added. "Through strategic allocation of these funds, we're poised to power our vision of sustainable energy solutions. We're directing resources towards pioneering R&D initiatives, elevating the production of superior battery-grade materials," BatX Energies Co-founder & CTO Vikrant Singh said. He further said, "This investment propels our mission to expand globally and establish micro facilities nationwide, fostering a future ...
A top Indian-American venture capitalist from Silicon Valley has urged India to create a short-term inter-ministerial commission to review the rules and regulations governing the startups to facilitate them to be the next Google and Facebook of the world. The (Indian) government should focus on reducing the compliance burden on startups and businesses, Venkatesh Shukla, the former president of TiE Silicon Valley, told PTI in a recent interview here in California. I think the most important thing he could do is to create either a short-term commission or a committee, inter-ministerial, inter-departmental, to take a fresh look at the rules and regulations governing startups across all departments and figure out what makes sense and what is just a nuisance without adding a whole lot of value to the country, he said. A seed-stage investor, Shukla is the founder and general partner of Monta Vista Capital and has a proven track record of leading companies through rapid growth in his roles
October saw a resurgence in significant funding rounds, setting the stage for a thaw in investment climate
Jammu and Kashmir Lieutenant Governor Manoj Sinha on Wednesday reiterated that the administration is committed to creating a start-up ecosystem and ready to provide access to capital and other resources to start-ups and investors. LG inaugurated 'Igniter' start-up festival of J&K organised by Jammu University in collaboration with J&K start-up association, Tourism department, J&K Bank and J&K Rural Livelihood Mission. The mega event has brought together various stakeholders and investors on one platform. "I strongly believe start-ups reflect the force shaping the economy in the networked age. University and college campuses are known as a liquid platform of ideas and the best we can do is to create an environment so that great ideas can be realized", Sinha said while addressing the function here. LG said that the administration is committed to creating a start-up ecosystem and is ready to provide access to capital and other resources, fostering innovation and ...
The new fund was launched on the sidelines of the Dubai Business Forum, which is being organised by Dubai Chambers under the patronage of Sheikh Mohammed bin Rashid
The plan to set up this mechanism has come up at a time when the government has asked banks to play a more active role in financing startups
Even if Byju's were to visit their campuses, it is unlikely that students would be keen to sit for their placements, an official aware of the matter said
The quarter saw five funding rounds cross the $100 million mark, including the likes of Perfios, Zepto, Ola Electric, Ather Energy and Zyber 365
Premium EV motorcycle startup Raptee on Tuesday said it has raised USD 3 million in a pre-Series A funding round. The all-equity funding round led by deep-tech VC fund BlueHill Capital, also saw participation from industry stalwarts as well as HNIs, Raptee said in a statement. The funds will be utilised for augmenting the manufacturing facility, acquiring machinery, tooling for the soon-to-be launched motorcycle, and to scale up the team, it said. "This is our first institutional round. We want to launch a motorcycle in a mid-premium segment. We are extremely fortunate to be backed by investors from the manufacturing and transportation industries who understand long-term value creation and can add strategic value for us as we gear up for production and scale up," said Dinesh Arjun, Co-founder-CEO, Raptee. Raptee is a full stack electric motorcycle manufacturer. Its first motorcycle is expected to come in early 2024, with two experience centres in Chennai and Bengaluru. The EV star
Of the six global startups that will be presenting their five-minute elevator pitches at FORT North America 2023, two will be Indian, representing the fast-growing startup ecosystem in the country
Quick commerce startups hope to race towards better days. Can they crack the execution code?
Many companies such as Zomato, Meesho, and MobiKwik have now turned profitable while others like Paytm, Delhivery, and Zepto have showcased a clear path to profitability
ESOP buybacks, the primary method of liquidation for employee-owned stocks, usually follow the prevailing funding trend
Reliance Retail picked up 25.8% of Dunzo's shares back in January 2022 after investing $240 million into the startup
The company claims to be one of the largest aggregators of commercial EVs in India
In all cities, Bangalore emerged as the leader in total funds raised during this period, followed by Delhi-NCR and Mumbai
Consumer tech start-ups, offering technology-driven products and services to consumers, have managed to corner the most funding at $1.6 billion
Why is RBI Guv worried despite banks doing well? How can start-ups convince VCs to invest dry powder? Will India Inc see more earnings downgrades in FY24? What is evergreening of loans? Answers here
The funding would help the firm to expand its presence in international markets after its successful entry into South-East Asia
An increasing number of tech companies and startups are scouting for experts ranging from CFO's to industry executives to manage financial affairs and corporate governance amid a funding winter