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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102220) | |
22421. How this adtech professional launched a dating app for Indian users
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- 1. The Bengaluru-based app offers a slew of features between Rs 90 and Rs 2799 to attract users from every background looking to date. Major chunk of users come from metro cities followed by Tier II and Tier III towns.
- 2. According to Statista, dating apps are projected to be used by 4.3 percent of India’s population by 2025 – up from 3 percent in 2021.
- 3. To take this inhibition away, the Meotida Pvt. Ltd. run dating app provides topic suggestions people can use to start their conversation. The app also claims to keep a very strict tab on flagged accounts.
- 4. HiHi currently has over 100,000 downloads, according to data available on the Google PlayStore.
22422. Amazon India launches third fulfilment centre in Ahmedabad
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- With this infrastructure expansion, Amazon.in will now offer storage capacity of more than 1.5 million cubic feet across three FCs to its more than 80,000 sellers in Gujarat.
- Spread over more than two lakh square feet area, the new FC will help sellers offer a wider selection within the region and neighbouring states, it said in a statement.
- "With this expansion, SMBs in Gujarat will benefit both in terms of economic growth and reach to a wider customer base. With the new launches, we will be able to continue to seamlessly cater to the growing demand from customers so they can stay home and stay safe, while creating thousands of job opportunities in the state."
22423. कैसे भारत में गांजा और भांग सोर्सिंग का चेहरा बदल रहा है यह लाइसेंस प्राप्त स्टार्टअप
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- 1. औरिक सेनगुप्ता, गौरव लाडवाल और शुभम सौरभ द्वारा 2019 में स्थापित, Terraphilic भारत का पहला लाइसेंस प्राप्त भांग की खेती का स्टार्टअप है, जिसका अर्थ यह हुआ कि इसे कानूनी रूप से व्यावसायिक खपत के लिए भांग उगाने की अनुमति है।
- 2. स्टार्टअप के पास उत्तराखंड में दो एकड़ का खेत है, जहां वह वर्तमान में फ्रांस से कानूनी रूप से आयात किए गए बीजों से चुने हुए, नियामक-ग्रेड भांग की खेती कर रहा है।
- 3. कंपनी ने पहले ही तीन बड़े ग्राहकों को जोड़ा है, जिनमें से दो अंतरराष्ट्रीय हैं - एक कोरियाई स्किनकेयर ब्रांड जो अपनी त्वचा देखभाल उत्पाद लाइन में गांजे का उपयोग करना चाहता है, और एक हांगकांग स्थित कंपनी है।
- 4. टेराफिलिक द्वारा खेतों में काम करने वाले लगभग 90 प्रतिशत लोगों में महिलाएं शामिल हैं। स्टार्टअप उस गांव की 20 लड़कियों के लिए ट्यूशन फीस का भुगतान भी करता है जहां फार्म स्थित है।
- 5. अगले दो वर्षों में अपनी कृषि योग्य भूमि को 250 एकड़ तक विस्तारित करने और भारत में अग्रणी गांजा-आधारित दवाओं का विस्तार करने की योजना बना रहा है।
22424. [Funding alert] Fintech startup smallcase raises $14M in Series B round led by DSP Group
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- The funding will be used by the startup to continue enhancing the infrastructure stack, add more investment products and partners to the platform, and expand its technology and product teams. Bengaluru-based capital markets infrastructure startup smallcase has raised $14 million in Series B financing round led by DSP Group along with existing investors Sequoia Capital India, Blume Ventures, Beenext, and WEH Ventures.
- Founded in 2015 by IIT Kharagpur alumni - Rohan Gupta (ex-Goldman Sachs), Anugrah Shrivastava (ex-Nomura), and Vasanth Kamath, smallcase works with capital market participants (including brokerages, advisors and digital wealth platforms) to offer simple and transparent investment products called smallcases.
- The platform is integrated with Indian brokers including Zerodha, HDFC Securities, Kotak Securities, 5Paisa, AxisDirect to offer stock and ETF smallcases to their client base. In the last three years, the startup said the number of active brokerage accounts has grown by 2.5x and smallcases have emerged as the primary product offering from India’s leading brokerages for these new accounts. The smallcase investor base has grown by 8x in the last two years to 1.5 million and over Rs 5,000 crore have been transacted in smallcases, it added.
22425. [Funding alert] Agritech startup AgroWave raises $500K from US-based investor
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- Gurugram-based AgroWave has raised close to $500,000 in funding from US-based investor Sekhar Puli. Started in 2017 by Anu Meena (now 26), an IIT Delhi alumni, AgroWave is working to build sustainable supply chain for fruits and vegetables.
- The company will use the funds to scale its mobile pickup station model in more villages and it is also building a price prediction model at the supply side for the farmers, for which the company will expand its technology team. Explaining about its prediction model, Anu said in a press release that the AgroWave mobile app will predict a price when the farmers will put a request to sell the produce.
- AgroWave plans to build more than 50 MPS(s) this year and is eyeing to raise funding of $10 million in the next one year to build 1,000 MPS(s) and utilise it in price prediction engine, smart route mapping, and data driven supply demand mapping systems.
22426. [Funding alert] Fitness startup Oga Fit secures investment from US-based Joyance Partners
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- Benagluru-based Oga Fit will be using the funds towards strengthening marketing efforts, content creation, and product development. According to a statement by the company, the funds will be used towards strengthening marketing efforts, content creation, and product development.
- In February this year, Oga Fit raised $330,000 from Inflection Point Ventures (IP Ventures). Apart from IP Ventures, the startup also counts David Giampaolo, CEO of Pi Capital and Sarva Yoga as its investors.
- This marks the venture capital partnership’s first-ever investment in an Indian startup since its inception in October 2017. Till now, Joyance claims to have made over eighty investments in companies with a deeper domain expertise in bioscience, neuroscience, food science, and VR/AR.
22427. त्योहारी सीजन से पहले ई-कॉमर्स कंपनियां लाईं लाखों चेहरे पर मुस्कान, केवल ऐमजॉन ने 1 लाख नौकरी दी
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- ऐमजॉन इंडिया ने इस साल मई में अपने परिचालन नेटवर्क और ग्राहक सेवा केंद्रों में रोजगार के लगभग 70,000 अस्थाई अवसरों का सृजन किया था। फेस्टिव सीजन में कुल 3 लाख अस्थाई नौकरी पैदा होने की संभावना है
- RedSeer की एक रिपोर्ट में यह दावा किया गया है कि इस साल के त्योहारी सीजन (festive season) में ई-कॉमर्स और लॉजिस्टिक्स क्षेत्र की कंपनियां 3 लाख लोगों को नौकरी दे सकती हैं। रिपोर्ट के मुताबिक, फेस्टिव सीजन को देखते हुए ई-कॉमर्स कंपनियां ज्यादातर अस्थाई नियुक्तियां कर रही हैं। त्योहारी सीजन के दौरान भारी मांग को पूरा करने के लिए कंपनियां बड़ी संख्या में लोगों को भर्ती कर रही हैं।
- RedSeer का कहना है कि इन अस्थाई कामगारों में से करीब 20 फीसदी को फेस्टिव सीजन खत्म होने के बाद नहीं निकाला जाएगा। इन 3 लाख नौकरियों में से करीब 70 फीसदी ऐमजॉन और फ्लिपकार्ट जैसी दिग्गज ऑनलाइन कंपनियां दे रही हैं। बाकी लोगों की भर्ती Ecom Express जैसी लॉजिस्टिक्स कंपनियां करेंगी। इन नौकरियों में से 60 फीसदी रोल लॉजिस्टिक्स कामकाज में रहने का अनुमान है। 20 फीसदी रोल वेयरहाउसिंग में और 20 फीसदी कस्टमर सर्विस फंक्शंस में रह सकते ह
22428. [Funding alert] Social video app Public raises Rs 260 Cr from Lee Fixel's Addition, SIG Global, Tanglin Venture Partners
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- Launched in December 2019 by news curator Inshorts, the video-led hyperlocal information platform is a fast-growing app which features information such as local updates and happenings to local commerce, jobs, classifieds and more in Indian languages.
- Homegrown location-based social network Public, which enables people in Tier I, II, and III cities to record and share happenings around them and provide real-time local updates, has secured funding of Rs 260 crore from venture capitalist Lee Fixel’s Addition, SIG Global, and Tanglin Venture Partners.
- The plan is to utilise the funding towards rapid scaling up of tech infrastructure, content offerings and employee base to further speed up the growth and continue improving on retention and engagement.
22429. Silver Lake to invest additional Rs 1,875 Cr in Reliance Retail
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- This brings the aggregate investment by Silver Lake and its co-investors in RRVL to Rs 9,375 crore, which will translate into a 2.13 percent equity stake in RRVL. "Reliance Industries Limited ('Reliance Industries') and Reliance Retail Ventures Limited ('RRVL') announced today that co-investors of Silver Lake will invest an additional Rs 1,875 crore into RRVL, a subsidiary of Reliance Industries," the statement said. "The latest investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore," the statement added.
- "Silver Lake and its co-investors are valued partners on our journey to transform Indian Retail for the benefit of all Indians. We are pleased to have their confidence and support, as well as the benefit of their leadership in global technology investing and their valued network of relationships for the Retail revolution in India."
- Silver Lake Co-CEO and Managing Partner Egon Durban said, "We are delighted to increase our exposure and bring more of our co-investors into this unmatched opportunity. The continued investment momentum over the last few weeks is proof of the compelling vision and business model of Reliance Retail - and underscores the tremendous potential of the transformative New Commerce initiative."
22430. [Funding alert] Fintech startup Uni raises $18.5M from Lightspeed India Partners and Accel India
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- Fintech startup Uni has raised $18.5 million in one of the largest seed rounds. The funding was led by Lightspeed India Partners and Accel India.
- The business model of Uni is new-age credit cards for the digital generation. The purpose of the fund raise is to build a team and once the product is launched, it will be used for marketing and working capital.
- The startup claims that there are just 34 million credit card users having 58 million credit cards whereas there are more than 100 million Indians today who pay digitally and electronically. Focused on filling this gap, Uni will aim to target the ecommerce and internet-savvy generation in India who are looking at leading aspirational lifestyles.