Page 2 - Startup

Logistics automation firm Elixia raises $1 mn in funding round led by JIIF

Logistics automation startup Elixia has raised USD 1 million (about Rs 8.4 crore) in a funding round led by JITO Incubation and Innovation Foundation (JIIF). Other investors include Motilal Oswal (Motilal Oswal Financial Services), Vimal Shah (Bidco Oil), Sparsh Jain (JG Group), Vinod Dugar (RDB Group) and Vimal Khinvasara (WMA Group), Ashok Shah (vtransgroup) and Amit Chandwar (K M Trans Logistics). The company aims to use the new funding to expand in the Middle East, offering advanced logistics solutions for local businesses. This investment will also enhance their product offerings by integrating Generative AI and Machine Learning to boost multimodal visibility and operational efficiency, the company said in a statement. *** Robotics startup Perceptyne raises USD 3 mn * Deeptech robotics startup Perceptyne has raised USD 3 million (about Rs 25 crore) in a funding round led by Endiya Partners and Yali Capital. Whiteboard Capital and other angel investors also participated in t

Ex-Amazon executive's startup Auger raises $100 mn for supply chain

Auger will provide a software-as-a-service platform which uses an artificial intelligence operating system along with automation to provide real-time data

3 startups look to raise $400 mn as US biotech IPOs gain traction

September was the busiest month for healthcare IPOs this year, Dealogic data showed. Strong debuts by companies such as BioAge Labs and Bicara Therapeutics have also encouraged listings

STPI focuses on tech startups, GCCs; 10 new parks in smaller cities soon

The new parks are expected to provide more than just office spaces; they will be equipped with high-performance computing infrastructure, including cloud and GPU services

Startup firm Whatfix raises $125 mn in Series E round led by Warbug Pincus

Supporting 80+ Fortune 500 companies, Whatfix registered top-decile performance with a 4.5x increase in annual recurring revenue since 2021 round, with new products contributing 15 per cent of revenue

Visa processing platform Atlys raises $20 million in Series B funding

The fresh capital will fuel Atlys' expansion strategy, empowering the company to enhance its product and engineering capabilities, enter new markets, and scale operations globally

Suniel Shetty-backed zero-commission food delivery app Waayu Joins ONDC

Launched in May 2023, the app has partnered with over 3,000 restaurants across cities like Mumbai, Pune, Jaipur, Bengaluru, and Hyderabad

US justice dept says Google saw ad startup AdMeld as threat and bought it

The purchase of the company was portrayed by the Justice Department in its monopolisation trial against the Alphabet Inc. unit as an example of so-called killer acquisitions

FlexiLoans secures Rs 290 crore from global, domestic investors

The firm is targeting to disburse around Rs 5,000 crore in loans in FY25

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

Bluestone raises Rs 900 cr in pre-IPO round, valuation doubles to $970 mn

Rs 900 crore raised by Bluestone includes Rs 600 crore in primary capital infusion, while the remaining Rs 300 crore came from secondary share sales

Tech and startup groups push back against licensing regime for OTTs

Write to government ahead of public consultations later this week

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

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

SoftBank VF1 reports $544 mn loss on Paytm exit, gains $65 mn on Zomato

The Japanese conglomerate recorded a $394 million gross gain from its $199 million investment in Policybazaar, and gain of $285 million on its $397 million investment in Zomato

Byju's US lawyers blame client in a bid to quit US bankruptcy case

For months, lenders have been trying to find $533 million in cash that Ravindran allegedly moved out of the US

Startup firm The Sleep Company achieves Rs 500 cr annual recurring revenue

The Sleep Company achieves Rs 500 crore annual recurring revenue; aims to become profitable by FY25

Fintech company Cred's Kunal Shah is top startup founder-investor

Shah has invested in 266 startups, followed by Anupam Mittal, founder of shaadi.com, who has funded 213

India ranks sixth globally in deeptech startup ecosystems: Nasscom

According to the report, in CY23, Indian deeptech startups witnessed a dip of 77 per cent in funding compared to last year and secured $850 million in investments