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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102254) | |
22011. Billionaire Milner Nears $400 Million Funding in India’s Byju’s
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Bloomberg Quint
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- DST Global, the investment firm headed by billionaire Yuri Milner, is close to investing as much as $400 million in Indian online education, start up Byju’s, according to a person familiar with the negotiations.
- The deal values Byju’s at $10.5 billion and could be signed as early as this weekend The transaction would make Byju’s India’s second-most valuable startup after Alibaba Group Holding-backed financial payments brand, Paytm.
- The Russian-Israeli billionaire, one of the world’s best-known technology investors, is an early backer of the largest internet firms including Alibaba, Facebook Inc. and Twitter Inc.
22012. [Startup Bharat] Ayodhya-based CHUK is turning sugarcane waste into sustainable cutlery for Indian Railways, Google, Amazon
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- The startup provides eco-friendly and carcinogen-free tableware to the Indian Railways, The Park, Hyatt, Haldiram’s, Google, PVR, Inox, Amazon, Starbucks, and Chai Point to name a few.
- Ayodhya-based 40-year-old paper and packaging company Yash Pakka launched a brand called CHUK in 2017. The startup offers a range of compostable packaging tableware that is safe to eat from and is 100 percent biodegradable.
- “We aim to transform the catering and food ecosystem by setting it down the greenway. Apart from being microwaveable, ovenable, and freezable, our products are FDA-approved and are sturdy,” says Ved Krishna, Vice-Chairman and Founder of Chuk.
22013. Investments in Indian start-ups soar 322% in July
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Business Line
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- Investments in the Indian start-up ecosystem surged 322 per cent in July year-on-year. They rose to $5.61 billion last month, against $1.33 billion in July 2019, according to data from Tracxn, a firm that tracks investments and financials of private companies and start-ups
- The funding that went into Jio Platforms’ alone accounted for nearly 87 per cent of the total amount.
- The number of companies that garnered the investment, though, fell to 82 last month, against 120 in the same period in 2019.
22014. This startup provides an Uberised solution for legal needs of small and medium-sized businesses
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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- LegatoApp, founded in March 2018 by Hemant Shah and Nikhil Anand, is a platform that offers a curated list of 1,500 lawyers across seven cities.
- "This segment is highly fragmented. The common man is always confused as when to approach a lawyer, what type of lawyer to approach, etc. Normally, people rely on references and online searches, which will not yield problem-specific professionals for their needs. Moreover, solicitation and advertisements of lawyers are banned in India, which makes curation of lawyers in a single platform even more essential," explains Nikhil.
- "We started with a Google ad-word campaign which helped us convert our first lead for the B2C product. For the initial leads, we personally visited and introduced the client to the lawyer before the consultation began. Subsequently, we also received many organic leads through references and word of mouth," says Nikhil.
22015. Boycott China: Apple Mac, iPads To Be Made In India, Create 55,000 Local Jobs
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Indiatimes.com
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- A major contract manufacturer for Apple is shifting six production lines from China to India with a target to export around $5 billion worth of iPhones in India, while simultaneously catering to the Indian market. `
- The sources in the matter claim that the establishment of the facility could provide employment to around 55,000 Indian workers in just a matter of a year.
- Moreover, the vendors aren’t simply looking to make only smartphones, but also shift to manufacturing laptops, tablets and other computers in the next few years.
22016. UK-based private investor Actis acquires 400 MW solar projects from Acme
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
Haryana
Business Standard
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- UK based private investor Actis acquired 400 MW solar power projects of ACME Solar Holdings ltd.
- The projects are located in Andhra Pradesh and Madhya Pradesh. Both Acme and Actis did not disclose the deal size. Market experts estimated the deal value to be close to Rs 2,000 crore.
- Gurugram based Acme is a leading renewable energy player in the country with 5GW of projects across the country.
22017. भारत की एफडीआई FDI नीति पूरी दुनिया में सबसे उदार, कोरोना काल में 1.6 लाख करोड़ का विदेशी निवेश मिला: अमिताभ कांत
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
Hindi
India
Dainik Bhaskar
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- अमिताभ कांत ने कहा कि उदार एफडीआई FDI नीति की बदौलत हमने भारी विदेशी निवेश को आकर्षित किया है। उन्होंने कहा कि कोरोनावायरस महामारी के दौरान हमें 22 बिलियन डॉलर करीब 1.6 लाख करोड़ रुपए से ज्यादा का विदेशी निवेश मिला है।
- इसमें से करीब 98 फीसदी विदेशी निवेश आटोमैटिक रूट के माध्यम से आया है। उन्होंने कहा कि विश्व बैंक की ईज ऑफ डूइंग बिजनेस लिस्ट में भारत ने करीब 79 स्थानों की छलांग लगाई है।
- इस लिस्ट में भारत इस साल टॉप-50 में आ जाएगा और अगले साल हमने टॉप-3 में स्थान बना लेंगे।
22018. Deutsche Bank infuses Rs 2,700 crore into India branches
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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- Germany's largest lender Deutsche Bank has infused Rs 2,700 crore into its India branch operations, taking its total investment into Indian branches to Rs 18,200 crore.
- This is the second infusion by the Frankfurt based bank in less than two years. It put Rs 3,800 crore into India in early 2019.
- The fresh capital will be used to support further expansion of Deutsche India, the bank said. The German lender operates 17 branches across India
22019. [Funding alert] DU students’ startup Metvy raises pre-series round from HostelFund
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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- Metvy is a professional networking app focused on the youth population, and also has a multilingual feature
- Metvy, founded in 2018, had earlier raised seed funding from an incubator backed by the government of Delhi.
- Metvy, a multilingual professional networking app for the youth founded by Shawrya Mehrota and Rajan Luthra, who graduated from Delhi University this year, has raised an undisclosed pre-series round of funding from HostelFund.
22020. Inspired by Coco Chanel, this mompreneur went on to build a fashion jewellery brand
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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- Just Peachy is a bootstrapped Hyderabad-based online fashion jewellery brand. In the first years of its launch, the startup was able to make Rs 2 crore worth of business.
- It was this passion that led her to start Just Peachy in October 2018 in Hyderabad..
- started with Rs 2 lakh of our personal savings to buy a few pieces of jewellery, and have rotated all the earnings back into the business to scale up to more than 50,000 pieces in the inventory now,”~