Loading...
| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102271) | |
22461. [Funding alert] Risk management startup SignalX raises Rs 6 Cr in seed round led by 3Lines VC’
Make in India / Atmanirbhar
->
Investment in Bharat by Bhartiya companies
English
India
Your Story
|
- Hyderabad-based AI-powered governance risk management and compliance startup SignalX has raised Rs 6 crore in seed round led by 3Lines VC. 9Unicorns and a US-based VC fund, with Hyderabad angels as a co-investor also participated in this round.
- Founded in 2018 by Govind Balachandran, Zakir Wahab, and Piyush Arora, SignalX offers an AI-powered SaaS platform for corporate risk and due diligence for a comprehensive financial, legal, regulatory, and reputational risk analysis on any given target company.
- It claims to offer its product with a fast turnaround and high-quality research capabilities.
22462. [Funding alert] Accel Partners leads Rs 27 Cr pre-Series A round in debt resolution startup Credgenics
Make in India / Atmanirbhar
->
Investment in Bharat by Bhartiya companies
English
India
Your Story
|
- Founded in 2018 by IIT Delhi alumni Rishabh Goel, Anand Agrawal, and Mayank Khera, Credgenics is a SaaS-based collections and legal automation platform aiming to solve India’s $200 billion+ bad debt problem.
- The startup is already working with all the major private sector banks including ICICI Bank, IDFC First, Axis Bank, and Yes Bank and over 32 NBFCs including Loantap, DMI Finance, Clix Capital, Udaan, Moneytap, Moneyview etc.
- New Delhi-based debt resolution startup Credgenics has raised Rs 27 crore ($3.5 million) in a pre-Series A round led by Accel Partners, DMI Alternatives fund with participation from existing investors Titan Capital.
- According to Bipin Shah, Partner, Titan Capital, “Credgenics is definitely on a mission to solve Bharat’s growing bad loans collections problem, which let us close the seed round last year into the company within a week.
22463. [Funding alert] Venture Catalysts leads a 2Cr investment in trading platform AlgoBulls
Make in India / Atmanirbhar
->
Investment in Bharat by Bhartiya companies
English
India
Your Story
|
- Venture Catalysts, an integrated incubator and accelerator platform, has recently invested in Mumbai-based algorithmic trading platform AlgoBulls.
- Founded in 2019 by Pushpak Dagade, Jimmit Patel and Suraj Bathija, AlgoBulls provides automated, customized, and professional experiences of trading in stock markets to all.
- The funds would be primarily used for setting up teams across technology and operations divisions and Sales and Marketing. It would also help explore opportunities in other countries like the US in the coming months.
22464. [Funding alert] App-based bus service provider Cityflo raises Rs 57 Cr led by Lightbox
Bharat Economic Growth
->
Bharat Economic Growth
English
Maharashtra
Your Story
|
- Cityflo, an app-based bus service that provides a commute experience for corporate professionals in Mumbai, has raised Rs 57 crore in Series A funding led by Lightbox Ventures.
- Cityflo was founded with the vision of solving the problem of long and stressful office commutes for professionals in our cities.
- The startup is also working towards skilling drivers with regard to customer service etiquette, soft skills and grooming, among other aspects. It will also be launching a facility soon where bus drivers can park their buses at the end of the day to rest and recuperate.
Click here to find 1469 similar incidents of Bharat Economic Growth -> Bharat Economic Growth
22465. [Funding alert] Health supplement startup Power Gummies raises undisclosed amount from Agility, DSG, Vcats
Make in India / Atmanirbhar
->
Investment in Bharat by companies of other countries
English
India
Your Story
|
- Delhi-based dietary supplement brand Power Gummies on Wednesday raised an undisclosed amount in a bridge round led by Agility Venture Partners. The startup has raised three rounds of funding this year, marking a total of approximately $1 million including this round.
- The fresh funds will be used for future product research, team building and marketing purposes of their newly launched ‘The Beach Body’ gummies, which help with effective weight management in a sugar-free and tasty way.
- Power Gummies claims that its supplements are 100 percent vegetarian and are available across the globe through their website as well as on all major ecommerce platforms like Amazon, Flipkart, Nykaa, Netmeds, and HealthKart.
22466. Google pays Rs 33,737 Cr for 7.73 pc stake in Jio Platforms
Make in India / Atmanirbhar
->
Investment in Bharat by companies of other countries
English
India
Your Story
|
- Alphabet Inc's Google has paid Rs 33,737 crore for a 7.73 percent stake in Reliance Industries Ltd's (RIL) digital subsidiary, Jio Platforms Ltd, joining the list of global investors such as Facebook, billionnaire Mukesh Ambani's firm said
- With this, Jio Platforms has raised a total of Rs 1.52 lakh crore by selling nearly 33 percent stake to 13 financial and strategic investors in just 11 weeks. This has helped RIL erase its net debt much ahead of the March 2021 target.
- Google and Jio Platforms will also collaborate to develop "an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store", the two companies had said in July
22467. Apple supplier Pegatron board okays initial $150 million investment in India: Report
Make in India / Atmanirbhar
->
Investment in Bharat by companies of other countries
English
India
The Economic Times
|
- The board of Pegatron, Apple’s second largest contract manufacturer, has approved an initial investment of $150 million (Rs 1100 crore) for building manufacturing facilities in India
- Pegatron’s factory in India is expected to start production in the second half of next year or in early 2022 and the company plans to make more investments in India over the next two years,
- As for Pegatron, it must individually produce handsets worth Rs 4000 crore in its first year which begins in March 2021 under the PLI scheme.
22468. [Funding alert] CRED nears billion-dollar valuation after $80M fundraise
Make in India / Atmanirbhar
->
Investment in Bharat by companies of other countries
English
India
Your Story
|
- Mismatch Credit card bill payment app CRED has raised $80 million in a Series C funding round led by DST Global, along with Ribbit Capital, Sequoia Capital, and Tiger Global, giving it a valuation of $800 million.
- The post-fundraise valuation — which is $200 million short of the coveted billion-dollar unicorn valuation — is almost twice as much as the Kunal Shah-led startup had been valued at ($450 million) after its Series B fundraise last year.
- CRED is Kunal's second venture after Freecharge — a coupon-powered mobile recharge app, which Snapdeal bought for $450 million in 2015.
22469. Amazon eyes potential $100 mln investment in India's Apollo Pharmacy – ET
Make in India / Atmanirbhar
->
Investment in Bharat by companies of other countries
English
India
Returers
|
- Amazon.com Inc is considering a nearly $100 million investment in India's pharmacy chain Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country's fast-growing drug market, the Economic Times reported
- Amazon already delivers medicines in India and the potential investment would come amid rising competition from Mukesh Ambani’s Reliance, which bought a majority stake in online pharmacy Netmeds.
- The growth of e-pharmacies, however, has left many Indian trader groups feeling threatened, who say online drugstores can contribute to medicine sales without proper verification and the entry of large players can cause unemployment in the sector.
22470. Budget 2022: Atmanirbhar Bharat in Defence! Govt announces sops for the domestic defence companies
Make in India / Atmanirbhar
->
‘Make in India – Defence Sector
English
India
Financial Express
|
- For FY 2022-23, the government has set aside 68 percent of the Defence Capital procurement budget for the country’s domestic industry. This is up from the 58 percent in the last fiscal.
- a new Nodal Body has been set up for Testing and Certification requirements of the defence systems and platforms. This Nodal Body will help the domestic players in the defence sector, as the processes will be cleared faster.
- Also the government has set aside 25 percent in the budget for defence research and development (R&D); start-ups and academia. This is expected to give a further boost to the private industry.