Indian Startups
Agritech startup Ninjacart gets $145 million fresh funding from Flipkart, Walmart
Flipkart invested in Ninjacart for the third time and the fresh produce supply chain company has also been investing in several tech platforms and supply chain infrastructure over the past two years, as per reports.
82 unicorns, $39bn funding & counting: Indian startups come of age
The global pandemic resulted in a digital transformation and adoption of technology at a societal level. Moreover, tech sector regulatory changes/crackdowns in China, availability of large pools of private capital were all positive factors for the Indian startup ecosystem to grow and produce a record 40 unicorns in 2021 alone. Today, India has 82 unicorns with a total funding of over $38.4 billion (from 2014 till December 4, 2021), according to data provided by leading startups publication Inc42.
Fintech firm Slice becomes India's new unicorn
The round was led by Tiger Global and New York-based global private equity and venture capital Insight Partners. Slice (Written as slice) is a credit card challenger to pay bills, manage expenses and unlock rewards. New and existing investors including Advent International's Sunley House Capital, Moore Strategic Ventures, Anfa, Gunosy, Blume Ventures, and 8i also participated in the round.
Google to collaborate with India and help startups emerge stronger: Rajeev Chandrasekhar
He made these remarks while addressing the seventh edition of the 'Google for India' virtual event and inviting Google to help the nation realize its $1 trillion digital economy goal by 2025. Chandrasekhar also said the partnership will serve as a great example to exhibit how the government and industry can work together to promote the growth of local businesses.
'9 of 10 start-ups fail, I'm aiming to rectify that'
With nine out of 10 start-ups failing, Shirish Nadkarni, a serial entrepreneur with 20-plus years of experience in creating consumer businesses that have scaled to tens of missions of users worldwide, challenges that equation in his new book in which he lays down strategic and tactical methods "to change the world".
10-minute grocery delivery app Zepto raises $60 mn
Zepto said that with its network of �cloud stores' or micro-warehouses, it is able to consistently deliver in 10 minutes through a combination of technical and operational excellence. Aadit Palicha and Vohra, both computer science graduates from Stanford University in the US, have built Zepto this year with backing from institutional investors like Glade Brook Capital, Nexus and Y Combinator, along with individual investors.
Transport startup Chalo acquires bus aggregator platform Shuttl
The premium office bus service will continue to use the brand name 'Shuttl'. The Shuttl's current team will also continue under their current roles. Chalo recently raised $40 million Series C funding and currently has more than 15,000 buses live on its platform.
We target 50 mn Indian crypto users in 2 years: CoinSwitch Kuber CEO
With more than 15 million users in India, CoinSwitch Kuber has become a new unicorn, and the most valuable crypto company in the country valued at $1.9 billion. Started in 2017 by Singhal, Govind Soni and Vimal Sagar, CoinSwitch launched its India operations in June 2020.
SCO meet: India calls for special working group on start-ups
The proposal was made by Minister of State for Commerce and Industry Anupriya Patel, in her intervention, at the 20th meeting of the SCO Ministers. Stressing on the need for effective cooperation between the member states for a balanced and equitable growth in trade and commerce, Patel proposed the creation of a new Special Working Group Start-ups and Innovation
BetterPlace acquires Oust Labs to upskill 10 cr workers
BetterPlace recently raised $24 million in Series C funding from multiple investors, like CX Partners, Jungle Ventures, CDC Group, Capria Ventures and 3One4 Capital, among others. "We are thrilled to welcome Oust as part of the BetterPlace family and help organisations and employees achieve efficiency and excellence. We will make it available to 1,000+ of our enterprise customers and their massive distributed workforce," said Pravin Agarwala, CEO, Co-Founder, BetterPlace.
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