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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102250) | |
22241. AMP Capital, Sterlite Power tie up for energy transmission projects in India, to invest $300 million
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Financial Express
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- Global investment manager AMP Capital(Sydney, Australia) and Sterlite Power have entered into a partnership to develop energy transmission projects in the country with a total equity investment of $300 million
- “Global investment manager AMP Capital has established a 50:50 partnership with Sterlite Power Transmission Ltd (Sterlite Power) for the development of energy transmission projects in India,” according to a joint statement by the two companies.
- the partnership has the potential to reach an overall investment size of $500 million.
22242. How proptech startup Frxnl makes it possible for the average Indian to invest in real estate
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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- Fractional ownership is quickly becoming a new investor favourite, especially for costly investments such as real estate, in India.
- Founded by Amit Uppal and Rahul Raj Gogna in 2021, the startup allows people to invest nominal sums in real estate projects without having to grapple with the extensive paperwork and bureaucracy.
- Frxnl allows investors to make fractional investments in otherwise costly real estate projects. Frxnl makes it more affordable for middle-class retail investors to invest in real estate by offering opportunities starting from Rs 10 lakh.
22243. Why this second time entrepreneur and ex-Accel Partners investor started up in the insurance space
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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- Nova Benefits is a B2B health insurance platform, which recently raised $1 million. The round was led by Better Capital, Multiply Ventures and Kunal Bahl and Rohit Bansal's, Titan Capital. The round also saw participation from Sumit Maniyar, CEO, Rupeek, and Ashish Goyal, Co-founder, EarlySalary.
- in October 2020, Saransh and his friend, Yash Gupta, founded Nova Benefits, an employee benefits platform centred around corporate health insurance. The startup recently raised $1 million in funding.
- Nova plans to use the funds to expand its tech and product capabilities. The new category of insurance products work synergistically with a company's health insurance policy, where the premiums are lower since the corporate health policy acts as the first offering.
22244. Fiat Chrysler to invest $250m in India to rev up SUV offerings
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
ALJAZEERA
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- Fiat Chrysler Automobiles NV (FCA) s (Italy/US) aid it will invest $250m to grow its presence in India with the launch of four new sport-utility vehicles (SUVs) under its Jeep brand over the next two years.
- FCA will invest $250m to launch four SUVs under its Jeep brand, a sign that India’s auto sector is reviving.
- The company plans to locally manufacture a mid-sized SUV with three rows of seats, assemble the Jeep Wrangler and Jeep Cherokee vehicles in the country and launch a new version of its Jeep Compass SUV, FCA said in a statement.
22245. How this Bengaluru SaaS startup enhances employee engagement, business productivity with gamification
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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- Founded in 2019, Bengaluru SaaS startup Unotag helps companies design gamified incentive programmes to motivate employees to improve their performance.
- To make work more fun and engaging for employees, Unotag — a gamification-based all-in-one toolkit — was launched in 2019.
- In fact, its proprietary AI platform — Mok — improves the productivity of sales teams and employees using behavioural economics and personalised nudges.
22246. 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.
22247. 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.
22248. 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.
22249. 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.
22250. 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.