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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102220) | |
22411. Indian startups, Jio help Facebook, Amazon, Microsoft, Google, Apple set funding record amid Covid
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 overall 2020 funding by Facebook, Amazon, Microsoft, Google, and Apple globally stood at $16.7 billion across 22 deals surpassing $7.6 billion investment in 2019, making 2020 a record year despite the Coronavirus outbreak.
- The overall 2020 funding stood at $16.7 billion across 22 deals surpassing $7.6 billion investment in 2019, making 2020 “a record year despite the Coronavirus outbreak,” the report said.
- The World Health Organization had declared the outbreak a global pandemic on March 11, 2020. Out of the total investment, 44 per cent was made by the five tech companies in the US, followed by 33 per cent in India, 11 per cent in the UK and another 11 per cent in other geographies between March 11 and September 2, 2020.
22412. भारतीय स्टार्टअप कंपनियों ने जून तिमाही में जुटाया 6.5 अरब डॉलर का निवेश: रिपोर्ट
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. देश की स्टार्टअप कंपनियों को चालू कैलेंडर वर्ष की अप्रैल-जून तिमाही में 6.5 अरब डॉलर का निवेश मिला है। वहीं 11 स्टार्टअप इकाइयां प्रतिष्ठित यूनिकॉर्न क्लब में शामिल हो गई हैं।
- 2. यूनिकॉर्न से तात्पर्य एक अरब डॉलर से अधिक के मूल्यांकन से है। नास्कॉम-पीजीए लैब्स की एक रिपोर्ट में यह जानकारी दी गई है।
- 3. कोविड-19 की दूसरी लहर के दौरान भारतीय स्टार्टअप पारिस्थितिकी तंत्र ने अपनी जुझारू क्षमता का परिचय दिया है
- 4. लॉकडाउन अंकुशों में ढील के बाद आगे की छमाही में भी सौदों के हिसाब से भारतीय बाजार की स्थिति बेहतर नजर आ रही है।
22413. [Funding alert] Risk management startup SignalX secures $750K investment from 3Lines Venture Capital
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Your Story
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- Hyderabad-based AI-powered governance risk management and compliance startup SignalX on Monday said it has raised $750,000 in investment in a funding round led by 3Lines Venture Capital, a US-based early-stage VC.
- According to a statement by the startup, Rajiv Roy, Venture Partner at 3Lines, will join the SignalX Board of Directors. Founded by Govind Balachandran in 2018, 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.
- Earlier, in 2020, SignalX was among the top three startups from Telengana that were selected for Microsoft’s initiative ‘Highway to a Hundred Unicorns.’
22414. Dream11 parent secures $225 million in fresh funding
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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- Dream Sports, the parent company of India’s leading online fantasy sports company Dream11, secured fresh funding of $225 million from Tiger Global Management, TPG Tech
- Dream11 recently acquired the title sponsorship rights for this year’s Indian Premier League (IPL) tournament for Rs 222 crore. The funding, which is largely secondary in nature with a smaller primary component, is expected to result in the further reduction of Chinese gaming and social media giant Tencent Holdings’ stake in the company to single digits.
- Additionally, the investment by New York-headquartered Tiger Global Management is its third in an Indian unicorn in the calendar year.
22415. Amazon India sets up all-women delivery station in Gujarat
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
The Economic Times
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- E-commerce major Amazon India said it has set up an all-women delivery station in Kadi, Gujarat - its second such facility in the country. The new all-women delivery station, operated by a delivery service partner, is part of the company's efforts towards increasing participation of women in the workforce, a statement said.
- Kadi is located close to 50 kilometers from Gujarat's capital Ahmedabad, with a population of close to 80,000 people. Amazon India said it has created opportunities for more than 200 women across its fulfilment network in the state.
- Recently, the company opened a delivery station, operated by a delivery service partner, in the state which is completely run and managed by transgender individuals.
22416. [Sustainability Agenda] This eco-friendly Chennai startup sells over 1 lakh bamboo toothbrushes in a quarter
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. After noticing the sheer amount of plastic toothbrushes in domestic wastes, Karthick Solai KS, Arjun T, and Harrish Kandan founded Terra to sell their bamboo alternatives.
- 2. during the tragic Chennai floods in 2015, things changed for the friends. People lost their homes, and many were completely flooded.
- 3. Terrabrush, now called Terra, is an eco-friendly startup that showcases and sells a range of sustainable products, which can be reused and recycled. The Chennai-headquartered startup has 24 employees in its team.
- 4. The toothbrushes are sold through the website and over 300 retail stores in Bengaluru and ecommerce platform Amazon.
- 5. They sell around one to two lakhs brushes every quarter. So the revenue for each quarter comes up to about Rs 50 lakh
22417. Apple's first online store in India to launch on September 23
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Tech Hindu
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- Apple is finally debuting its online store in India, and it is scheduled to launch on September 23. Apple will offer its full range of products along with direct customer support through online team members.
- Customer support will be available in both English and Hindi at Apple's online store. The “Apple Specialists” will help customers in finding out about new products, and also custom-configuring Mac devices.
- Apple also plans to hold free online “Today at Apple” sessions on photography and music in October. It will also offer signature gift wraps and personalised engraving for select products.
22418. Democratising credit: This fintech startup led by BFSI veterans is disrupting SME lending with AI
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. Nexus Venture Partners-backed startup Namaste Credit marries a B2B loan marketplace with an AI-based credit underwriting engine to help banks and NBFCs lend to SMEs. It has disbursed loans worth Rs 3,000 crore.
- 2. There are 60 million SMEs in India, and only 35-40 percent get access to any kind of formal credit. We wanted to build a product and tech company that could democratise SME lending in the country.
- 3. The Bengaluru-based startup wanted to solve essentially two problems — SMEs discovering credit, and lenders underwriting credit.
22419. [फंडिंग अलर्ट] गेम डेवलपमेंट स्टार्टअप SuperGaming ने सीरीज A राउंड में जुटाए 5.5 मिलियन डॉलर
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. सिंगापुर-मुख्यालय वाले सोशल गेमिंग प्लेटफॉर्म SuperGaming ने Skycatcher, AET Fund (venture arm of Akatsuki), BAce Capital, Dream Incubator, 1Up Ventures, और मोनीश दर्डा से सीरीज A राउंड में 5.5 मिलियन डॉलर (लगभग 40.8 करोड़ रुपये) जुटाए हैं।
- 2. कंपनी के पब्लिशिंग डिविजन का निर्माण करने के लिए वर्तमान में 120 लोगों की टीम को एक वर्ष के भीतर बढ़ाकर 200 से अधिक करने के लिए नई फंडिंग का उपयोग करेगा।
- 3. विश्व स्तर पर सफल मल्टीप्लेयर गेम बनाने की अपनी क्षमता दिखाने के बाद, हम अब अपने वर्ल्ड-क्लास टैलेंट पूल का विस्तार कर रहे हैं और नए टाइटल्स के डेवलपमेंट में तेजी ला रहे हैं
- 4. कंपनी एक बड़े बैटल रॉयल गेम पर काम कर रही है, जिसके 2022 की शुरुआत में लॉन्च होने की उम्मीद है।
22420. KKR to Invest ₹ 5,550 Crore in Reliance Retail Ventures
Make in India / Atmanirbhar
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Investment in Bharat by Bhartiya companies
English
India
Business Live
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- Reliance Industries Limited (“Reliance Industries”) and Reliance Retail Ventures Limited (“RRVL”) announced today that global investment firm KKR will invest ₹ 5,550 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of ₹ 4.21 lakh crore. KKR’s investment will translate into a 1.28% equity stake in RRVL on a fully diluted basis.
- Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am pleased to welcome KKR as an investor in Reliance Retail Ventures as we continue our onward march to growing and transforming the Indian Retail ecosystem for the benefit of all Indians. KKR has a proven track record of being a valuable partner to industry-leading franchises and has been committed to India for many years. We look forward to working with KKR’s global platform, industry knowledge and operational expertise across our digital services and retail businesses.”
- Henry Kravis, Co-Founder and Co-CEO of KKR, said, “We are pleased to deepen our relationship with Reliance Industries through this investment in Reliance Retail Ventures, which is empowering merchants of all sizes and fundamentally changing the retail experience for Indian consumers. Reliance Retail’s new commerce platform is filling an important need for both consumers and small businesses as more Indian consumers move to shopping online and the company offers tools for Kiranas to be a critical part of the value chain. We are thrilled to support Reliance Retail in its mission to become India’s leading omnichannel retailer and ultimately to build a more inclusive Indian retail economy.”