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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102251) | |
22161. Clean, green and profitable: A Pune-based startup bucks economic gloom to e-cycle its way to success
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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- A Pune-based startup, Emotorad, is showing that e-cycles are good for health, the environment and the economy.
- A six-month-old company, Emotorad, is defying the current economic gloom by making sales of 1,200 e-cyles in just a month-and-a-half.
- By the end of the first quarter of this year, they intend to close more than 100 dealerships across India and sell more than 12,000 e-bikes to penetrate the Indian market.
22162. UK firms invested GBP 140 million in India during coronavirus pandemic-hit months, says report
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 latest Confederation of Business Industry (CBI) and EY Sterling Access' report, which examines trade between the UK and India, finds that despite trade disruptions caused by the COVID-19 pandemic, British firms from April to June this year continued to invest around GBP 140 million in India.
- trade between the UK and India hit GBP 24 billion till March 2020, up by nearly 12 per cent in just one year. India invested in 120 projects and created 5,429 new jobs, making India the second-largest foreign investor in the UK, just after the US.
- “The Indian government has hugely stepped up its efforts to improve the business environment this year, from accelerating the use of digital and online services in the supply chain to implementing major labour reforms,” said Lord Karan Bilimoria, the Indian-origin president of the CBI, which speaks on behalf of 190,000 British businesses.
22163. This Chennai-based startup builds unmanned ground vehicles for the Indian Army
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- SRM University alumni M. Vignesh, Vibhakar Senthil Kumar, and K.Abbhi Vignesh set out to build solutions for the Indian defence sector.
- In 2019, the trio launched Torus Robotics in Chennai to help the Indian Armed forces with modular Unmanned Ground Vehicles (UGV) that could cater to diverse mission requirements.
- Torus Robotics is involved in designing, developing, and delivering fully electric unmanned ground vehicles for the Indian defence services equipped with a 6DOF (six degrees of freedom), a robotic arm for detection, identification, and disposal of life menacing unidentified objects.
22164. Zomato raises $195M in funding from 6 investors, valuation touches $3.6B
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
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India
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- Zomato has raised $195 million (about Rs 1,455.4 crore) in funding from six investors including Luxor, Kora and Steadview, valuing the online food ordering platform at $3.6 billion.
- Mirae Asset (headquartered in Seoul, South Korea), through its investment vehicle Mirae Asset Naver Asia Growth Investment Pte Ltd and/or any of its affiliates, invested $40 million
- Zomato acquired the Indian business of Uber Eats in an all-stock deal that will give the ride hailing company 9.99 percent stake in Zomato.
22165. ACT scales its focus beyond COVID-19 to healthcare, education, environment, and women’s participation in the workforce
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
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- 1) ACT in 2020 enabled 54 Indian startups to build solutions for fighting COVID-19.
- 2) In March 2020, the Indian startup ecosystem - founders and VCs came together to launch ACT, a Rs 100 crore grant to power startups building and deploying solutions to combat COVID-19.
- 3) Act has now expanded its focus to build solutions for healthcare, environment, education and women’s participation in the workforce.
22166. [Startup Bharat] This Patna school dropout mentors aspiring entrepreneurs in small-town India
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Startups in Bharat
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- Maytree School of Entrepreneurship, a virtual academy started by 19-year-old serial entrepreneur Rohit Kashyap, mentors startup founders and those looking to set up their businesses in rural and semi-urban areas.
- Since inception, Maytree has mentored more than 1,200 students worldwide and incubated more than 50 revenue-generating startups.
- “We have helped startups like MagTapp, AryaGoCab, and Bhavesh Pharmaceutical to grow from scratch,” says Rohit.
22167. How this Noida startup is making relocation easy
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Startups in Bharat
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- Logistics startup Shift Freight is a movers and packers marketplace that caters to B2C customers. Within a year of its launch, it claims to have recorded month-on-month growth of 60 percent.
- Avinash Raghav started Shift Freight in 2020.
- The Noida-headquartered logistics startup is an online marketplace that aggregates vendors and connects these movers and packers with consumers to provide on-demand shifting services.
22168. Mumbai-based fintech startup LXME aims to bridge the gap between women and finance
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Startups in Bharat
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- 1) Fintech startup LXME, founded by Priti Rathi Gupta, offers learning avenues for women, as well as communities that encourage them to become financially independent.
- 2) Anand Rathi-backed LXME aims to bridge the knowledge and accessibility gap for women on money matters and helps them take their own decisions. The platform is available on the web, and as an app.
- 3) Founded in 2018, LXME’s products are aimed at women in the 25-35 age group. At present, around 15,000 women are signed up on the platform and online community, with daily average users at 2,000.
22169. [Startup Bharat] How Uttarakhand-based Triny is helping businesses with AI chatbots and WhatsApp marketing platform
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
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- The startup, based in Haldwani, Uttarakhand, aims to help businesses connect with their users via WhatsApp in a hybrid manner using AI chatbots and human support.
- Triny currently has three products - AiTimey, AiJenny, and AiSensy.
- Triny’s latest product, AiSensy, is a SaaS Platform based on WhatsApp Business API.
22170. Netflix, Prime Video, or HotStar? This fintech startup lets you watch what you want with subscription-sharing
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- Y Combinator-backed fintech startup Splitsub aims to revamp the digital subscription space in India by allowing subscription-sharing for OTT and other platforms with family and friends
- fintech startup Splitsub, which as the name suggests splits your costs by letting you share subscriptions with your friends and family.
- Launched by Ankur Solanki and Dhruv Goel in August 2020, the Delaware, US, and Gurugram-based startup aim to provide you with all the options you want - and cut out freeloading!