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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
22401. This Jabalpur-based startup is empowering small businesses to go digital
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Startups in Bharat
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India
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- 1. Founded in 2020, Jabalpur-headquartered MBG Card helps its clients develop their online business. It provides fully operational websites, android apps, and automated marketing tools with more than 20 features to its clients.
- 2. The MBG card, a smart digital card, to replace the traditional business cards. This smart digital card has been designed in a way to enable businesses to share them with their clients online via any platform.
- 3. The startup claims to have acquired over 5,400 customers across 100+ business categories. Abhinavv says that last month alone MBG Card acquired about 600 customers.
- 4. Abhinavv clarifies that while the aim is to empower small businesses, the services can be availed by any business -- from hotel chains and freelancers to kirana stores -- that want to grow their business online.
22402. Uber launches auto rentals in India
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
The Economic Times
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- Uber launched an on demand 24x7 Auto Rentals service in India. The service allows riders to book an auto and its driver for several hours with the liberty to make multiple stops along a journey, it said in a statement.
- The service in now live in Bengaluru and is available in Delhi NCR, Mumbai, Hyderabad, Chennai and Pune, it said.
- Prices start at Rs 169 for a one-hour/ ten km package with the option of selecting from multiple hourly packages that can be booked up to a maximum of eight hours, the statement said.
22403. This fulfilment-oriented jobs startup aims to be the Naukri of the blue-collared workforce
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Startups in Bharat
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- 1. Ambrish decided to launch Pragati Jobs, a fulfilment-oriented jobs platform aimed at the blue/grey collar (BGC) market. The startup was founded in 2020 in Delhi-NCR.
- 2. Through instant feedback about eligibility and skills, the team can transparently and instantly communicate with candidates about next steps. Candidates either move successfully to the next steps or are rejected, for which the team gives feedback, so the candidate is not in the dark and can choose to apply to other jobs.
- 3. Pragati Jobs planning to further accelerate our growth to reach 1 million MAUs in the next 12 months with 10,000+ clients/jobs in 10 cities.
22404. Verizon, Amazon may invest over $4 billion in Vodafone Idea: Report
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
Business World
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- US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10 per cent.
- Vodafone Idea's stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could have threatened Vodafone Idea's survival, Mint reported, citing two unnamed people aware of the negotiations
- But Amazon and Verizon are set to resume discussions following a Supreme Court ...
22405. Byju’s raises $500 million in new round led by Silver Lake; valuation jumps by $300 million
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
Financial Express
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- The company has secured another round three months after it secured last round in June from Mary Meeker’s venture capital firm Bond at $10.5 billion valuation. According to data from Crunchbase, this is the fifth investment raised by the company in 2020 beginning from $200 million round in January and February each followed by $100 million in June and $122 million in August.
- Collectively, the company has raised $1.12 billion this year and $1.6 billion in overall funding across 16 funding rounds since its launch. The new funding round is worth around $500 million even as Byju’s valuation has been slightly marked up to $10.8 billion, a source told Financial Express Online.
- The latest round was led by global technology investor Silver Lake while existing investors Tiger Global, General Atlantic and Owl Ventures also pooled capital.
22406. [Funding Alert] Bengaluru-based Rapido raises $52M in its latest investment round
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Startups in Bharat
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- 1. Bike taxi platform Rapido has raised $52 million in its latest round of funding.
- 2. The startup noted it would utilise the funds to invest in technology, people, and supply to further boost its growth in India and make affordable transportation a reality for the masses. .
- 3. The startup's new investors are Shell Ventures; Yamaha; Kunal Shah (Founder, CRED); Amarjit Singh Batra (CEO, Spotify India); and Positive Moves Consulting.
- 4. From 15 million users in the last two years, we now plan to increase that number to 50 million in the next 18 months and continue providing affordable transportation for the masses
22407. Silver Lake to buy 1.75% stake in Reliance Retail for Rs 7,500 crore
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
The Economic Times
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- US private equity firm Silver Lake will invest Rs 7,500 crore in Reliance Retail for around 1.75 per cent stake in the company.
- This marks the second billion dollar investment by Silver Lake in a Reliance Industries subsidiary after the $1.35 billion investment in Jio Platforms announced earlier this year.
- Egon Durban, Co-CEO and Managing Partner of Silver Lake, said, “Reliance’s New Commerce strategy could become the disruptor of this decade. We are thrilled to have been invited to partner with Reliance in their mission for Indian Retail.
22408. ‘Artisans Are Shareholders in My Startup’: 25-YO’s Candles Help Hundreds of Woman Earn
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
The Better India
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- 1. Three years ago, Tanushree Jain of Jaipur bootstrapped an idea and named it Nushaura. Today, the start-up is providing livelihood to 250 rural women through scented candles and other products.
- 2. Nushaura’s earth-friendly aromatherapy candles light up spaces with their fragrance and warmth.
- 3. Her company records an annual turnover of 12 lakh.
- 4. Candles are crafted by female artisans. Each woman earns herself a monthly income between Rs 2000 to Rs 2500.
22409. [Funding alert] goEgoNetwork raises $2M in seed round
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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- 1. Electric vehicle charging solutions startup goEgoNetwork said it has raised $ 2 million (nearly Rs 15 crore) in seed funding to expand its existing electric charging network.
- 2. The transition towards sustainable mobility is an unstoppable global trend and companies -- which are able to provide reliable, fast and cost-efficient electric charging infrastructure for all types of vehicles.
- 3. In the EV sector, more focus has begun on installing charging infrastructure.
- 4. The recent investment further reinforces our commitment and dedication towards being India's only smart electric charger network.
22410. [फंडिंग अलर्ट] गेमिंग प्लेटफॉर्म Zupee ने सीरीज़ बी राउंड में जुटाए 30 मिलियन डॉलर
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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- 1. कंपनी के पोर्टफोलियो में कई लोकप्रिय बोर्ड गेम के इनोवेटिव गेमिंग प्रारूप हैं। फ्लैगशिप गेमिंग ऐप लाइव ट्रिविया क्विज़ टूर्नामेंट की मेजबानी करता है और 250 मिलियन से अधिक गेमप्ले देख चुका है।
- 2. अब तक, Zupee ने कुल फंडिंग में $49 मिलियन जुटाए हैं। स्टार्टअप के पास 10 मिलियन से अधिक यूजर्स का मौजूदा यूजर बेस है।
- 3. हम इनोवेट करते हैं कि हमारे गेम स्किल्स और मनोरंजन के बीच एक इंटरसेक्शन प्रदान करें, जिससे हमारे यूजर खेलते समय कमाई कर सकें।