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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102510) | |
22261. With Paytm, ShareChat, and Bigbasket as its clients, how YC-backed Able Jobs is making entry-level jobs easier for students
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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- Bengaluru-based Able Jobs is a startup that trains entry-level, non-tech graduate job seekers for the role of sales and support.
- They launched Able Jobs in May 2019 out of Bengaluru. Backed by Y Combinator, the startup has raised a total of $1.8 million in its seed round from Y Combinator, Elevation Capital (Saif Partners), Titan capital, Firstcheque, and marquee angels like Neeraj Arora.
- Able Jobs trains entry-level job seekers for roles in sales and support. Job seekers can download their app and go through the training courses available. Post completion, the team connects them to companies that are hiring for suitable roles.
22262. Sembcorp Energy India wins 400-MW capacity solar project in Rajasthan
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
The Economic Times
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- The bid was won through its renewables subsidiary, Sembcorp Green Infra, in an auction conducted by SECI
- SEIL has received the letter of award from SECI to develop the project in Rajasthan connected to the state’s transmission utility Rajasthan Rajya Vidyut Prasaran Nigam. The project’s entire output will be sold to SECI under a 25-year long-term power purchase agreement, according to a press release.
- With this win, the firm now has a renewables portfolio of over 3,000 MW in operation and under development across Singapore, China and India.
22263. Shri Piyush Goyal launches the Startup India Seed Fund Scheme
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Press Information Bureau
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- Union Minister for Commerce and Industry, Piyush Goyal today launched the Startup India Seed Fund Scheme (SISFS). The Fund aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.
- An amount of 945 crore rupees corpus will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India. The scheme is expected to support an estimated 3,600 startups through 300 incubators.
- Speaking on the occasion, Mr Goyal said that the SISFS will Secure seed funding, inspire innovation, support transformative ideas, facilitate implementation, and Start startup revolution.
22264. With over 250 artists, this startup is providing an experiential art platform to art lovers from around 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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- Rajasthan Studio is a startup focused on offering personalised, hands-on art experiences, specially curated by master artists of Rajasthan at their workstations, to give travellers and art lovers an authentic and unforgettable art-making experience.
- Kartik Gaggar, 30, a chartered accountant by profession, was on the lookout for organisations that offered experiential travel related to the art scene in India.
- He launched it in 2018, as a one-stop place for tourists who wanted to experience Indian art forms.
22265. Jumbotail raises $14.2 million, completing its $25 million fund raise
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
Karnataka
Mint
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- The Bengaluru-based startup sources and sells products such as staples, pulses and other fast moving consumer goods to small mom-and-pop stores, kiranas, and supermarkets
- Jumbotail, an online wholesale marketplace for food and grocery products, has raised $14.2 million in its latest round of funding.
- This round comes in quick succession after a $11 million Series B2 round raised in October 2020, thus completing its $25 million fund raise.
22266. [Startup Bharat] This IIT Guwahati alumnus has built a secure email platform to protect user privacy
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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- Guwahati-based Letter is focused on building products and services that enhance the privacy of the user. Its first product is a secure email platform that protects user privacy.
- Sunit Kumar Nandi, Founder, Techno Digital Media, always found it challenging to get a safe and secure email software provider.
- The 26-year-old tech entrepreneur realised that emails were not securely stored, the terms and conditions often stated that conversations could be available to third parties, there were spam problems, there was a problem with email deliverability and limited access to features you could use on your mailbox.
22267. [Weekly funding roundup] Venture investments touch $620 million for the week
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Your Story
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- The first eight days of the New Year has brought back the momentum of venture capital funding into the Indian startup ecosystem, with total investments touching $612 million as B2B unicorn Udaan led the show.
- The weekly funding for the second week of January witnessed a big bump as B2B unicorn Udaan led the show by raising $280 million.
- B2B unicorn Udaan raised $280 million in additional financing from its existing and new investors. The new investors include Octahedron Capital and Moonstone Capital, while the existing group include Lightspeed Venture Partners, DST Global, GGV Capital, Altimeter Capital, and Tencent.
22268. This SaaS startup is reducing costs for fleet operators
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 by Srinivas Chitturi and Satvir Singh, Bengaluru-based MTAP Technologies helps track, manage, and automate transportation for businesses.
- Starting with just three clients in 2014, MTAP is now serving over 120 clients across six countries. It claims its revenue has crossed more than $1.5 million for FY 2021.
- According to the co-founders, MTAP is working to embed four attributes in the transportation segment – optimisation, transparency, safety, and digitisation. MTAP offers optimisation in terms of reducing the number of vehicles and trips required for both economic and ecological purposes.
22269. MG Motor sees India investments touching ₹4,500 crore by 2021 end
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Business Line
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- MG Motor India is close to investing ₹1,500 crore towards expansion of its plant capacity at Halol and hiring around 1,000 people to increase the shifts at the facility.
- The company had last year announced an investment of ₹1,000 crore to expand capacity at Halol (Gujarat).
- As demand grows, it will increase the number of shifts to two in certain areas and third in some others. The plant now products 75,000-80,000 units a year, and can be expanded to one lakh units a year.
22270. This ex-Flipkart employees’ startup is helping people tackle lifestyle diseases with nutritious food
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, Cora Health is a health and wellness startup that helps users discover nutritional food products suitable for them according to their health conditions.
- Former Flipkart colleagues Snigdha and Shrijit Venkatesh launched Cora Health in May 2020.
- Bengaluru-based health and wellness startup Cora Health offers an ecommerce platform that helps users get access to healthy food alternatives.