Startups
Onsurity Closes $45 Million Series B Round to Enhance Healthcare Solutions for Indian SMEs
Bengaluru-based employee healthcare platform, Onsurity, has successfully closed its $45 million Series B round, raising approximately INR 377 crore. The funding round was led by private equity firm Creaegis, with continued participation from existing investors such as International Finance Corporation, Quona Capital, and Nexus Venture Partners. This marks a significant milestone in the company’s journey, […]
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Porter Joins the Indian Govt-Backed ONDC Network: A Strategic Move to Enhance Hyperlocal Logistics
Porter, a leading tech-enabled, on-demand logistics provider in India, has joined the rapidly growing Indian govt-backed ONDC Network. This strategic partnership is set to revolutionize hyperlocal deliveries, providing users with enhanced accessibility and efficiency in logistics services across the country. As the ONDC (Open Network for Digital Commerce) continues to expand its reach, Porter’s entry […]
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Unicommerce Raises Rs 124 Crore from Anchor Investors Ahead of IPO
SoftBank-backed ecommerce software platform Unicommerce Esolutions Ltd has successfully closed the anchor portion of its initial public offering (IPO), securing over Rs 124 crore from domestic and foreign investors. This was confirmed by the company in a recent announcement. Unicommerce, based in Gurugram, will open its IPO for public bidding on Tuesday, with the offer […]
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The Ministry of Corporate Affairs (MCA) fines Zerodha Asset Management and its directors
The Ministry of Corporate Affairs (MCA) fines Zerodha Asset Management and its directors, including co-founder Nithin Kamath, a total of INR 23.9 Lakh for failing to appoint a CFO within the mandated timeframe. Penalties Imposed According to Moneycontrol, the MCA imposed fines on Zerodha Asset Management, co-founder and director Nithin Kamath, and other key directors […]
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Gurugram-based Unicommerce Files RHP for IPO; Softbank and AceVector to Sell Stakes
Unicommerce eSolutions Ltd is a Gurugram-based SaaS startup that has presented an RHP to SEBI for its IPO prospectus to launch its IPO. The IPO is to begin on 6th August 2013 and will end on 8th August 2013; however, anchor investors are to bid on 5th August 2013. Key Details of the Offer For […]
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Unacademy Announces Layoffs: 250 Employees Affected in Latest Round
Unacademy layoffs, one of India’s leading ed-tech platforms, has announced another round of layoffs, affecting 250 employees. This move comes as the company continues to streamline its operations in response to evolving market conditions and financial pressures. The layoffs are part of a broader strategy to focus on core business areas and optimize costs. Unacademy, […]
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AWS Launches Space Accelerator Program: Igniting Innovation in India’s Space Sector
AWS Launches Space Accelerator Program in India Get ready for liftoff! Amazon Web Services (AWS) has just announced its first-ever country-specific space accelerator program, and India is taking center stage. This exciting initiative, reported by News Now Nation, marks a significant step forward for the nation’s burgeoning space industry, providing a launchpad for 24 promising […]
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Deepinder Goyal: The Entrepreneurial Journey of Zomato’s CEO
At the recent NDTV Indian Of The Year awards ceremony, Zomato’s CEO Deepinder Goyal was honored with the prestigious title of ‘Entrepreneur of the Year’. This recognition is a testament to his innovative leadership and contributions to the business world. Accompanied by his wife, Grecia Munoz, Deepinder Goyal exuded pride as he received the […]
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NABARD’s ₹1000-Crore Fund Initiative for Agri-Startups: Fostering Innovation in Rural Ecosystems
The National Bank for Agriculture and Rural Development (NABARD) is set to revolutionize the landscape of technology-driven agri-startups and rural enterprises with a groundbreaking ₹1,000-crore fund. This initiative, spearheaded by NABARD Chairman Shaji K.V., aims to address the challenges faced by startups in scaling up their operations due to limited access to equity and […]
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“Deepinder Goyal Predicts Blinkit’s Surpassing of Zomato in a Year at Startup Mahakumbh”
In the dynamic landscape of tech startups, few stories captivate attention like that of Blinkit, a quick-commerce platform poised to surpass its parent company Zomato in the near future. At the recent Startup Mahakumbh event, Deepinder Goyal, the visionary founder and CEO of both companies, shared insights into Blinkit’s journey and how AI and […]
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Government in Process of Creating Dedicated Deeptech Startup Policy, says DPIIT Secretary RK Singh
The Indian government is taking significant strides towards fostering innovation and entrepreneurship in the deep technology (deeptech) sector, with the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary RK Singh announcing the development of a dedicated deeptech startup policy. Deeptech startups, characterized by their focus on cutting-edge technologies such as artificial intelligence (AI), […]
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“Paytm Prepares for RBI’s March 15 Deadline and Secures NPCI’s Approval for Third-Party UPI App”
Paytm, the leading player in India’s dynamic fintech landscape, finds itself at a pivotal juncture as it navigates regulatory challenges and strives to maintain its market dominance. With the looming deadline of March 15 set by the Reserve Bank of India (RBI) for its payments bank services, Paytm faces both pressure and opportunity. At the […]
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Uttar Pradesh Green Hydrogen Policy 2024: Empowering Startups for a Sustainable Future
In a significant move towards promoting green energy, the Uttar Pradesh Cabinet has given the green light to the implementation of the Uttar Pradesh Green Hydrogen Policy 2024. The primary objective is to produce one million tonnes of green hydrogen and green ammonia annually by 2028. Under this groundbreaking policy, startups venturing into the field […]
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“IIM Sambalpur Sets the Stage for 100-Cube Startup Conclave: Fostering Entrepreneurship and Innovation in Odisha”
IIM Sambalpur is gearing up to host the one-day 100-Cube Startup Conclave at its campus on March 1, 2024. The conclave, orchestrated by the Ministry of Education in collaboration with IIM Sambalpur, aims to foster the entrepreneurial spirit in the country and empower youth to innovate and create value. Through this event, IIM Sambalpur envisions […]
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Arunachal’s Startup Triumph: 106 Ventures Soar with APEDP 2.0 and 3.0″
In a significant stride towards fostering innovation and entrepreneurship, Chief Minister Pema Khandu of Arunachal Pradesh recently presided over an event organized by the Arunachal Pradesh Innovation & Investment Park (APIIP). This gathering marked the distribution of graduation certificates to 35 startups that completed the incubation and pre-incubation process under the APEDP 2.0. Furthermore, seed […]
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“Bigg Boss 17 Star Vicky Jain: A New Chapter in Showbiz Beckons”
In a surprising turn of events, Vicky Jain, the husband of Ankita Lokhande and a prominent figure from Bigg Boss 17, has expressed a keen interest in venturing into the entertainment industry. Widely known as ‘Vicky bhaiya’ after winning hearts with his gameplay, personality, wit, and humor on the reality show, he recently appeared on […]
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Finance Minister Proposes Monthly RBI Meetings with Fintechs and Start-ups
In a pivotal move for India’s financial landscape, Union Finance Minister Nirmala Sitharaman has recommended that the Reserve Bank of India (RBI) conduct monthly meetings with fintech companies and start-ups via videoconference. This groundbreaking suggestion emerged during a crucial meeting with representatives from the fintech industry, where key concerns and challenges facing the sector […]
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“Paytm’s Strategic Move: 5 Banks in Talks for UPI Transactions Amid RBI Directive”
In the evolving landscape of India’s digital payment sector, Paytm, facing the Reserve Bank of India’s (RBI) directive to wind down its banking unit by March 15, is exploring strategic partnerships with major banks for Unified Payments Interface (UPI) transactions. Sources indicate that Paytm is in talks with Axis Bank, HDFC Bank, State Bank of […]
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“IRCTC’s Culinary Upgrade: 5 Key Points About the Swiggy Partnership”
In a strategic move to enhance the dining experience for train passengers, the Indian Railway Catering and Tourism Corporation (IRCTC) has recently announced its collaboration with Swiggy Foods. This partnership aims to facilitate the supply and delivery of pre-ordered meals through IRCTC’s e-catering portal. As part of the initial phase, this innovative food delivery service […]
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Praan’s Impact: Revolutionizing India’s Cleantech with MKII – 8X Filtration, $2M Raised, and Series A Ahead
Praan, founded by Angad Daryani, is making strides in India’s cleantech space by offering filterless air purifiers designed for industrial use and outdoor environments. In a country grappling with severe air pollution, particularly in metropolitan areas like Delhi and Mumbai, Praan aims to create safe breathing zones. India currently ranks fifth among the world’s […]
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Jammu and Kashmir’s new startup policy for 2,000 Startups
The Jammu and Kashmir administration has recently given its nod to a new startup policy aimed at establishing 2,000 startups in the Union Territory by 2027. This initiative, approved by the Administrative Council under the leadership of Lieutenant Governor Manoj Sinha, seeks to foster entrepreneurship by providing facilities to students, women, and support to entrepreneurs […]
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Exclusive: Dunzo is in Ongoing Talks to be Acquired by Flipkart
Walmart-backed Flipkart is currently engaged in discussions regarding the potential acquisition of Dunzo, an on-demand delivery platform. Despite the ongoing talks, the intricacies surrounding Dunzo’s ownership structure have become a stumbling block, preventing the two parties from reaching a conclusive deal, according to the report. Interestingly, Dunzo has refuted claims of any acquisition discussions. Dunzo, […]
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Canada, Dubai, and Ireland: Emerging Hubs for Global Entrepreneurs Pursuing Startup Visa Programme in 2024
In the dynamic realm of startups, Startup Visa Programme for young entrepreneurs often grapple with challenges in their home countries, such as financial constraints and a scarcity of skilled workers. Seeking to overcome these obstacles, an increasing number of ambitious individuals are turning their attention to startup visa programs in countries known for their simplicity, […]
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Harness the Sun: Your Guide to the PM Suryodaya Yojana – Empower Your Home with Solar Energy!
Are you ready to make a sustainable switch and reduce your electricity bills? The Government’s PM Suryodaya Yojana (Rooftop Solar Scheme) is paving the way for a greener tomorrow, and we’re here to guide you through the application process! Follow these simple steps to apply for the PM Surya Ghar Yojana and embrace solar energy: […]
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“Empowering Tech Pioneers: DoT’s Shark Tank-Style Initiative Connects Startups with VCs for Advanced Tech Growth
Department of Telecommunications (DoT) has initiated a Shark Tank-style funding initiative focused on startups engaged in advanced technologies. Acting as a facilitator, the DoT aims to connect startups with venture capitalists (VCs), providing exposure and funding opportunities to scale up their operations. The motivation behind this initiative is clear – fostering the growth of Micro, […]
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