17 Aug’22 ,WEDNESDAY MetaMorphoSys has secured $3 Mn in its seed funding round led by Capital 2B along with angel investors–Pavitar Singh and Dhruv Dhanraj Behl MetaMorphoSys will use the fresh capital to develop and scale its platform, expand product offerings and grow the sales team across geographies Including the current fundraising, MetaMorphoSys has raised …
16 Aug’22 ,TUESDAY Technology incubator T-Hub launched the semiconductor cohort of the AIC T-Hub Foundation programme to foster innovation and entrepreneurship across the semiconductor sector startups. The programme will aid entrepreneurs to navigate the challenges of scaling the startup through expert-led workshops, specialised mentorship, market access, and investor and industry connections. “Indian engineers have contributed …
Tech incubator T-Hub launches new cohort for semiconductor startups Read More »
16 Aug’22 ,TUESDAY The IPO will contain a fresh issue worth INR 1,250 Cr and an offer for sale of 109.45 Mn shares from existing shareholders Digit Insurance’s loss after tax remained at INR 295.86 Cr, up 141% from the INR 122.76 Cr it reported the previous fiscal year Digit also reported INR 6,095.24 Cr …
16 Aug’22 ,TUESDAY BYJU’S is ready to make its FY21 financial statements public after months of discussions with Deloitte In FY20, BYJU’S made a net profit of INR 51 Cr and revenue of INR 2,434 Cr The report comes as the edtech unicorn is under increasing pressure from investors and regulators alike to release its …
After Months Of Speculation, BYJU’S To Release Financial Statements ‘Within A Week’ Read More »
12 Aug’22 ,FRIDAY Railway Minister Ashwini Vaishnaw said that the ministry received proposals to solve 11 problems As per the tweet by the minister, the maximum proposal was received for the broken rail detection system Earlier in June, Vaishnaw launched the Railways Innovation Policy The Indian Railways received 297 proposals from startups under the ‘StartUps …
12 Aug’22 ,FRIDAY According to its regulatory filings, the startup has increased its Scripbox Employees Stock Option Plan 2013 from existing 9,14,918 to 12,09,726 options Besides, Scripbox’s existing ESOP pool under ESOP Scheme 2013 now amounts to INR 265.4 Cr The latest development comes barely days after Scripbox acquired Pune-based wealth management startup Wealth Managers …
09 Aug’22 ,TUESDAY The MoU was signed between Sivasubramanian Ramann, CMD of SIDBI and T Koshy, managing director and CEO of ONDC With this, SIDBI and ONDC will collaboratively put efforts to help MSMEs access the open network ecommerce platform proposed by ONDC Both ONDC and SIDBI will hold sessions with MSMEs to educate them …
ONDC Inks MoU With SIDBI To Onboard Small Businesses To Its Network Read More »
09 Aug’22 ,TUESDAY The round was led by Bertelsmann India Investments Existing investors Chiratae Ventures and Blume Ventures also participated in the round It will use this fresh infusion of funds to hire top talent SaaS enabled talent marketplace SquadStack has raised $17.5 Mn (INR 140 Cr) in Series B round led by Bertelsmann India …
Sales Acceleration Startup SquadStack Bags $17.5 Mn To Expand Into New Verticals Read More »
09 Aug’22 ,TUESDAY The total corpus of $75 Mn also includes a green shoe option of $25 Mn Weave Capital aims to build a portfolio of 15 to 20 startups with an average ticket size of $3 Mn to $3.5 Mn Weave Capital is a sector-agnostic fund with an inclination to fund technology-enabled businesses SPVH …
Weave Capital Launches $75 Mn Fund For Early-Stage Tech Startups Read More »
09 AUG’22 ,TUESDAY Produze has raised $2.6 Mn in its seed funding round led by Accel Produze plans to utilise the funds for distribution and sourcing capabilities and also, digitise the entire cross-border supply chain The startup helps agri- farmers directly sell their produce to international retailers and earn better profit margins Agritech startup Produze …