Latest Startup News, Funding News, Tech News, Insights & Stories from Indian Startup Ecosystem
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Summary BluWheelz, a tech-driven delivery startup specializing in electric vehicle (EV) logistics, has secured $1 million in bridge funding from Venture Catalysts and other key investors. The funding aims to expand BluWheelz’s exclusive EV fleet and drive its innovative logistics solutions across India. With a focus on sustainability, BluWheelz plans to introduce 6-wheelers into its…
Highlights Adukale, a direct-to-consumer (D2C) snacks brand based in India, has successfully raised Rs 11 crore (approximately $1.3 million) in a pre-Series A funding round. The funding was led by Force Ventures, with participation from Aanya Ventures and notable angel investors including Subrata Mitra and Radhika Pandit. Enhancing Manufacturing and Expansion Plans The primary objective…
Summary Nikhil Kamath, co-founder of Zerodha, has launched the WTFund, a pioneering initiative aimed at supporting young entrepreneurs aged 25 and under. The fund offers a non-dilutive grant of Rs 20 lakh, mentorship pods, community access, GTM studio, beta testing, talent acquisition avenues, and more. Kamath expressed his vision for cultivating a culture of risk-taking…
Summary Delhi-based startup TraqCheck, specializing in AI-driven background verification, has secured an undisclosed investment from Caret Capital and Peyush Bansal’s Family Office, Culture Cap. The funding aims to enhance operational efficiency through its innovative enterprise tech platform. Founded in 2020, TraqCheck utilizes AI to streamline background checks for employees, boasting a client base of over…
Summary Gurugram-based health insurance claim assistance platform, ClaimBuddy, has secured a substantial $5 million in Series A funding. Led by Bharat Innovation Fund (BIF), with participation from Japanese fund CAC Capital, alongside existing investors Chiratae Ventures and Rebright Partners, this investment marks a significant milestone for ClaimBuddy. Founded in 2020 by Khet Singh Rajpurohit and…
Summary ProcMart, a leading B2B digital marketplace specializing in supply chain solutions, has successfully raised $30 million in a Series B funding round led by Fundamentum Partnership and Edelweiss Discovery Fund, with participation from Paramark Ventures. Founded in 2015, ProcMart aims to streamline indirect purchases for large enterprises through its tech platform, offering services such…
Summary PineGap.ai, an AI SaaS startup founded by graduates of IIT-BHU, has successfully raised $2.5 million in seed funding led by SVQuad and Inventus Capital. The funding aims to enhance the company’s equity research platform and facilitate expansion of its engineering team in Bengaluru and the US. Prominent Silicon Valley entrepreneurs and executives from Wall…
Summary Ola Mobility, led by Bhavish Aggarwal, is venturing into ecommerce by integrating groceries, fashion, and apparel options into its app through collaboration with the Open Network for Digital Commerce (ONDC). The move aims to tap into ONDC’s vast network of retailers. Ola’s expansion into ecommerce follows its initial partnership with ONDC for a food…
Summary: Byju’s, a leading edtech firm, has undergone a significant leadership transition, with founder Byju Raveendran taking over the day-to-day operations following the resignation of CEO Arjun Mohan. The company has streamlined its operations into three divisions to enhance agility and market responsiveness. Arjun Mohan will transition into an advisory role. The restructuring signifies the…
Summary: PlatinumRx’s successful funding round not only signifies a milestone for the startup but also heralds a new era of affordability and convenience in medication procurement, promising transformative benefits for patients across the nation. In a significant stride for the healthcare sector, Bangalore-based online pharmacy startup PlatinumRx has successfully raised $800,000 in seed funding. Led…