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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102630) | |
22211. [Funding Alert] Cashfree raises $35.3M Series B investment led by Apis Growth Fund II
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
Karnataka
Your Story
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- Founded in 2015 by Reeju Datta and Akash, Cashfree processes online payments for several Indian businesses. The press statement shared by the company said Cashfree has been profitable since its first year of operations and counts more than 50,000 businesses amongst its merchants including leading internet companies such as Cred, BigBasket, Zomato, HDFC Ergo, Ixigo, Acko, Zoomcar, and Delhivery among others.
- Bengaluru-based fintech startup Cashfree has raised $35.3 million as a part of its Series B investment led by the global financial services investor, Apis Growth Fund II. The funding also saw participation from existing investors — Y Combinator and Smilegate.
- With this fund raise, the team will be looking to scale its payment offerings, develop new product verticals, and strategic investments. The investment will also assist the company in making selective bolt-on acquisitions to further augment its geographic and product reach.
22212. Ropeway connectivity under Centre's 'Parvat Mala' plan brings hope in poll-bound Uttarakhand, may be a game changer in the hills
Infrastructural Development and Government Schemes
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Border Infrastructure/ Roads Development
English
Uttarakhand
First Post
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- The scheme is aimed at facilitating modern mode of transportation in the hills, and will give fillip to border villages in such areas, experts feel.
- The border hill state has a 344-km border with China and 80.5-km border with Nepal. In the last couple of years, close to 1,600 villages in the hills, including in four border districts — Chamoli, Champawat, Pithoragarh and Uttarkashi — have turned into ghost villages.
- In Uttarakhand, three ropeway projects are already underway – Ranibag to Hanuman Garhi in Nainital covering 12 km, Gaurikund to Kedarnath overing 8.5 km and Govindghat to Ghanghariya covering 8.8 km.
22213. India successfully test-fires BrahMos and Uran anti-ship missiles
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Innovations in Bharat
English
Andaman and Nicobar Islands
The Times Of India
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- India successfully test-fired BrahMos and Uran anti-ship missiles in Andaman and Nicobar Islands.
- The missiles were tested by the Indian Navy's Andaman and Nicobar Command. BrahMos supersonic cruise missile was fired from a ground-based launcher. The Uran anti-ship missile was launched from the Indian Navy’s Guided Missile Corvette.
- A decommissioned naval ship 'LCU38’ was used as the target for the test. Navy said the target was hit at max range with devastating impact.
22214. This ex-banker’s agri-fintech startup has disbursed loans worth Rs 6,000 Cr to 4M farmers
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- Chennai-based agri-fintech startup Samunnati solves the working capital needs of smallholder farmers and agri-SMEs. It has impacted 54 agri value chains in 20 Indian states.
- Veteran banker Anilkumar SG’s initiation into rural finance happened in 2007, when he joined IFMR Trust, and was tasked with developing a micro-finance solution known as Kshetriya Gramin Financial Services (KGFS).
- He founded Samunnati — an agri-fintech startup that works towards improving market linkages for India’s smallholder farmers, makes credit more accessible at every step of the agri value chain, and eventually, helps agriculture “operate at a higher equilibrium” i.e. become more efficient.
22215. Chandrayaan-3 to be launched in August
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Innovations in Bharat
English
India
The Statesman
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- The minister informed that the number of missions planned during 2022 is 19: eight Launch Vehicle Missions, seven Spacecraft Missions and four Technology Demonstrator Missions.
- the number of missions planned during 2022 is 19: eight Launch Vehicle Missions, seven Spacecraft Missions and four Technology Demonstrator Missions.
- the government vision of New India by 2030 enunciated in February 2019 highlighted the ”Blue Economy” as the sixth dimension of the vision.
22216. [Startup Bharat] Ahmedabad-based Magenta BI aims to help Indian SMEs in their digitisation journey
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- SaaS startup Magenta BI is a business intelligence platform that empowers SMEs with better insights and analytics at the click of a button.
- The startup basically integrates its system with the company’s ERP and helps it spot growth opportunities by identifying gaps in sales, purchase, inventory, and payments.
- The startup is a Business Intelligence platform that empowers small businesses to make data-driven decisions through actionable analytics.
22217. ई कॉमर्स कंपनियों को मिलेगी टक्कर, कैट ने लॉन्च किया स्वदेशी Bharat E Market मोबाइल ऐप
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
Hindi
India
Your Story
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- कन्फेडरेशन ऑफ ऑल इंडिया (कैट) ने स्वदेशी ई-कार्ट 'भारत ई मार्केट' की शुरुआत की है. कैट का दावा है कि इससे विदेशी व्यपारियों को प्रोत्साहन मिलेगा और देश का व्यापार देश की अर्थव्यवस्था को बढ़ाएगा.
- स्वदेशी कंपनियां भारत के व्यापार से फायदा उठा रही हैं और कई सारे कानूनों को नजरअंदाज कर रही हैं.इसलिए कैट ने स्वदेशी उत्पादों को इंटरनेट के जरिए व्यापक करने का फैसला लिया है.
- कैट के अनुसार इस मुहीम के जरिए दिसंबर 2021 तक सात लाख व्यापारियों को ऐप से जोड़ने का लक्ष्य रखा गया है. पहले चरण में व्यापारियों और सेवा प्रदाताओं के जरिए अपनी ई-दुकान बनाने के लिए एक मोबाइल ऐप को लांच किया गया है.
22218. Kia India Exports Over 1 Lakh Units Since September 2019
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Economic Times
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- Some companies also raised issues such as capital dumping and manufacturing of own brands but sale via third parties by e-commerce players.
- The virtual meeting, chaired by DPIIT secretary Guruprasad Mohapatra, was attended by representatives of about 25 e-commerce companies, including Amazon, Flipkart, Snapdeal, Reliance Retail, Jio Platforms, 1mg, Tata Cliq, Swiggy, Shopclues, Info Edge, Paytm, Grofers, Ola and Uber.
- Leading e-commerce companies were split on the issue of the government’s Foreign Direct Investment (FDI) policy for the sector at a meeting with officials of the Department for Promotion of Industry and Internal Trade (DPIIT]
22219. Local to global: This Delhi-based startup is on a mission to build apps for the world
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- In 2019, Root Power Explorer, built by KShark Apps, became a bonafide success with a million downloads. Then, the app was downloaded four times that number.
- Kartik Sharma, Founder of KShark Apps, believes that the future is Indians using Made in India apps, and supporting the whole #localforglobal movement.
- KShark Apps launched Carbon Scanner, which converts your smartphone into a high-quality scanner with realistic filters.
22220. [Startup Bharat] Rajkot-based edtech startup SuperCubs offers online learning solutions for pre-schoolers
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- Founded in 2020, Rajkot-based edtech startup SuperCubs aims to help parents home-school their pre-school children via domain specific activities and an international-level curriculum, which is delivered online via videos
- The startup offers colourful thematic books and live interactive sessions to the students. Using the mobile app, students can get access to day-wise plans, activity videos, games, progress reports, etc. The app also enables students to upload their homework online
- The bootstrapped startup was launched with an initial investment of Rs 60 lakh. SuperCubs has 15 members in the team, including four freelancers and three expert mentors on a consultancy basis.