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Hyperlocal Startup ChattyBao Raises $5 Mn+ To Bring Kiranas Online Through WhatsApp

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28 jul’22 ,THURSDAY ChattyBao has raised over $5 Mn in its seed funding round led by Vertex Ventures Southeast Asia & India and Info Edge Ventures 7Square Ventures and a slew of angel investors also participated in the funding round ChattyBao will deploy funds for product development and launch its app in two to three …

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OfBusiness Invests $2.5 Mn In Construction Management Startup Tracecost To Drive Digital Adoption

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28 jul’22 ,THURSDAY OfBusiness said that the acquisition would drive digital adoption in construction-focused companies across India, North America and the Middle East Tracecost offers real-time construction management software to manage resources and finances of construction projects OfBusiness had last raised $325 Mn in its Series G round at a valuation of nearly $5 Bn …

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Threado Raises $3.1 Mn Seed Funding To Help Businesses Manage Online Communities

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28 jul’22 ,THURSDAY The funding round led was by Vertex Ventures Southeast Asia & India, with participation from Gemba Capital, Speciale Invest, and PointOne Capital The round also saw participation from Zomato CEO Deepinder Goyal, Chargebee cofounders Krish Subramanian and Rajaraman Santhanam, Capillary Technologies’ Aneesh Reddy, among others Threado helps community managers waft through manual …

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Tata Steel Partners With Drone Startup Aarav Unmanned Systems For Mining & Mapping Solutions

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28 jul’22 ,THURSDAY This is the second time Tata Steel and Aarav Unmanned Systems (AUS) have partnered. In November 2021 AUS carried out mines analysis in Tata’s Kalinganagar Expansion Plant in Odisha AUS builds commercial-grade drones and solutions for enterprise applications in mining, infrastructure, urban planning, irrigation, energy and agriculture AUS has mapped 15K villages …

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Startup accelerators led by NRL Ideation targeting North East hopes to invest Rs 300-350 cr in three years

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27 JUL’22 ,WEDNESDAY In order to encourage entrepreneurship in the North-East, NRL Ideation, a startup accelerator programme, would make total investments of between Rs 300 and 350 crore over the next three years. To date, about Rs 200 crore has been invested across a number of startup programmes to support the growth of early stage …

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Over 50% of Indian startups belong to non-metros, government informs parliament

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27 jul’22 ,WEDNESDAY Over 50% of the recognized Indian startups belong to non-metropolitan cities, Union Minister of State for Commerce and Industry Som Prakash informed the Parliament on Wednesday. “As on 30th June 2022, a total of 72,993 startups are recognized by DPIIT, of which 34,473 (48%) recognized startups belong to metropolitan cities of Delhi, …

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New biotech startups: Maharashtra emerges on top, Telangana & Karnataka follow

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27 jul’22 ,WEDNESDAY Maharashtra registered the maximum number of new biotech startups in calendar year 2021, followed by Telangana and Karnataka, a new report showed. The state had 145 new registrations, with Telangana (100), Karnataka (95), Uttar Pradesh (93) and Delhi-NCR (90) closely behind, according to the India Bioeconomy Report (IBER 2022) put out by …

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Home Furnishing Startup Wify Raises Funding; Aims To Onboard 100K Blue-Collar Workers

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27 jul’22 ,WEDNESDAY Wify will use the fresh capital to strengthen its technology and invest in training of blue-collar workers that are associated with the startup Wify looks to strengthen its existing customer base and enter into new categories such as smart homes, commercial spaces, and industries in the next three years Currently, Wify has …

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Equity Management Startup Qapita Acquires ESOP Direct To Expand In India And Southeast Asia

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27 jul’22 ,WEDNESDAY With this acquisition, ESOP Direct and Qapita, which create and manage ESOPs of private companies, has become a combined entity that can manage over $12 Bn worth ESOPs Qapita will strengthen its product and engineering teams with over 100 staff hiring It will take full ownership of ESOP Direct’s operating entities from …

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Moore Sells 4.25 Cr Shares In Zomato; Share Price Plunges To INR 40.55 Apiece

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27 jul’22 ,WEDNESDAY Moore sold its holdings in Zomato at INR 187 Cr after buying the said holdings in January 2021 for INR 191 Cr The company’s shares plunged to an all-time low of INR 40.55 on Wednesday (July 27) according to BSE data Since the announcement of the Blinkit deal on June 25, Zomato’s …

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