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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102224) | |
22401. 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
English
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.
22402. [Funding Alert] Bengaluru-based Rapido raises $52M in its latest investment round
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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- 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
22403. 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
English
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.
22404. ‘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.
22405. [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
English
India
Your Story
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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.
22406. [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।
22407. Investment startup Groww raises $30 million from YC Continuity, others
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Moneycontrol
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- Bengaluru-based investment platform Groww has raised $30 million in its series C round, led by YC Continuity. This round also saw the participation of existing investors Sequoia India, Ribbit Capital and Propel Ventures.
- YC Continuity is a fund which invests in Y Combinator-backed startups to help them scale up in their subsequent rounds. This is its first investment in India.
- YCombinator is an American seed investor. YC Continuity is a separate entity within YC which invests in growth phase startups.
22408. [Startup Bharat] How this online grocery delivery service in Jammu takes products from the valley across the country
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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- 1. In October 2020, Ashish teamed up with two of his friends and started Jammu Basket.
- 2. a startup for local grocery delivery and taking indigenous products from Jammu and shipping it across the country.
- 3. The number of orders increased when people were forced to order online due to the pandemic-induced lockdowns.
- 4. The firm claims it earned between Rs 1-2 lakh in sales in the first month, but more than six months later, in April 2021 when the second wave was on the rise, Jammu Basket’s turnover was between Rs 10 lakhs and Rs 15 lakhs.
22409. [Startup Bharat] This Goa startup helps sellers manage, grow ecommerce businesses from a single dashboard
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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- 1. Browntape’s software streamlines backend processes for retail brands and online sellers so they can manage their inventory and orders across marketplaces and website engines such as Amazon, Flipkart, Myntra, Magento, and Shopify from a single panel.
- 2. With Browntape, there is no need to log into each ecommerce website separately.
- 3. handle inventory management, order management, warehouse management (WMS), shipping/courier management, payment management, purchase management, reports – all on one dashboard.
22410. भाई-बहन की जोड़ी ने शुरू किया ऐसा किड्सवियर ब्रांड, जिसे लड़का-लड़की दोनों पहन सकते हैं
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. "कडल्स फॉर कब्स (Cuddles for Cubs) बच्चों के लिए मुंबई स्थित लिंग-तटस्थ यानी जेंडर-न्यूट्रल कपड़ों का ब्रांड है।
- 2. मई 2021 में लॉन्च होने के बाद से, हमारी 10 सदस्यीय टीम वर्तमान में गुजरात, ओडिशा, तमिलनाडु, महाराष्ट्र, दिल्ली-एनसीआर और केरल से रिमोटली (घर से) काम कर रही है।
- 3. बूटस्ट्रैप्ड स्टार्टअप का औसत बास्केट साइज 1,200 रुपये है, और उसने 2.5 महीनों में 1,600 से अधिक ऑर्डर डिलीवर किए हैं।