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Febi.ai Raises $2 Mn To Provide AI-Powered Accounting Platform
AI-driven accounting and bookkeeping platform provider Febi.ai has raised $2 Mn (about INR 16.8 Cr) in its pre-Series A funding round co-led by Lumis Partners, former JP Morgan executive Virender Rana,...
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Byju Raveendran Blames Investors For Driving BYJU’S Valuation To Zero
Byju Raveendran, cofounder and CEO of BYJU’S, blamed investors for the company’s downfall as the edtech giant’s valuation now stands at zero. During a virtual press conference, Raveendran claimed that...
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Suraasa Bags $6 Mn To Upskill Teachers For Global Opportunities
Delhi NCR-based edtech startup Suraasa has raised $6 Mn in a funding round led by Reach Capital. The round also saw participation from ETS Capital, NB Ventures, TSM ventures, TRTL Ventures, and other...
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Google Licences AI Model To Indian Cos To Detect Blindness Among Diabetics
Big tech major Google said it has licensed its artificial intelligence (AI) model to two Indian companies, Forus Health and AuroLab, to help detect preventable early-stage blindness among diabetic...
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Simplismart Bags $7 Mn To Simplify AI Adoption For Enterprises
Bengaluru-based SaaS startup Simplismart has raised $7 Mn in its Series A round led by Accel. The round also saw participation from Shastra VC, Titan Capital, among others. The startup plans to...
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Not Concerned About New Entrants In Quick Commerce: Blinkit CEO
Zomato-owned Blinkit’s cofounder and CEO Albinder Dhindsa reportedly said that the quick commerce major is not concerned about new competitors entering the market. Dhindsa hinted that there is enough...
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Eruditus Bags $150 Mn Led By TPG’s The Rise Fund
Edtech unicorn Eruditus has raised $150 Mn (around INR 1,260 Cr) in a Series F funding round led by TPG’s global impact investing platform The Rise Fund. The round also saw participation from existing...
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Protest Erupt In Karnataka’s Kalaburagi Demanding Ban On Online Rummy Games
Protest reportedly erupted in Karnataka’s Kalaburagi demanding a complete ban on online rummy games in the state. As per TV9 Kannada, a social activist organisation called Namma Karnataka Sene held...
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Can Brown Living Ignite India’s Next Big Eco-Friendly Shopping Trend?
Life took an unexpected turn for Chaitsi Ahuja, now the founder of the sustainable ecommerce platform Brown Living, when she first began to grasp the weight of human impact on the planet. Curious to...
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8i Ventures Exits M2P Fintech With 12X Returns
Early-stage VC firm 8i Ventures has announced a full exit from fintech startup M2P Fintech with 12X returns in 4.5 years. In 2022, the VC firm made a partial exit from the startup at a return on...
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Zomato To Seek Board Approval To Raise INR 8,500 Cr
Zomato’s board is likely to review and approve the foodtech major’s proposal to raise INR 8,500 Cr (about $1 Bn) at its meeting scheduled for October 22 — in what would be the first fundraise by the...
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Centre To Roll Out Policy For Gig Workers’ Social Security Soon
The labour and employment ministry is reportedly working on a framework for social security of gig workers slated to be rolled out early next year. The ministry is also bringing a module on the e-Shram...
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Exclusive: Yu Foods Nets $6.5 Mn Led By Ashish Kacholia, Asian Paints...
Delhi NCR-based instant packaged food startup Yu Foods has raised INR 55 Cr ($6.5 Mn) in its Series B funding round led by ace investor Ashish Kacholia and Asian Paints Promoter Group. The round also...
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FM Nirmala Sitharaman Urges Mexican Cos To Partner With Indian Startups
Finance minister Nirmala Sitharaman has urged Mexican firms to collaborate with Indian startups and academic institutions to take advantage of India’s business-friendly policies. In her address to...
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Karnataka Proposes Deeptech Innovation Cluster In Bengaluru
Karnataka’s IT minister Priyank Kharge has reportedly suggested a deeptech innovation cluster in Bengaluru to help grow and scale up startups in this sector. “The Karnataka Digital Economy Mission and...
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Wow! Momo Eyes INR 650 Cr Revenue In FY25
Kolkata-based fast food chain Wow! Momo is reportedly looking to surpass the INR 600 Cr revenue mark in the financial year 2024-25 (FY25). Wow! Momo saw a strong 14% year-on-year growth in its revenue...
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Ashneer Grover Withdraws Pleas Against BharatPe
Following the settlement of a two-year long legal dispute between BharatPe, cofounder and former managing director Ashneer Grover has officially withdrawn the oppression and management plea he had...
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Zomato Slumps Over 5% As Co To Consider Fundraise Via QIP
Shares of foodtech major Zomato slumped as much as 5.4% to INR 256 during the intraday trading on the BSE today (October 18), a day after the company said that its board would consider raising funds...
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Temasek’s Fullerton Acquires Controlling Stake In Lendingkart
MSME-focused fintech startup Lendingkart said that existing investor Fullerton Financial Holdings (FFH) will acquire a controlling stake in the startup with an additional investment of INR 252 Cr. FFH...
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How AloFrut Is Bringing Ayurveda-Inspired Beverages To The Modern Indian...
Ayurvedic products, long rooted in Indian tradition, have gained widespread popularity in recent years. During the Covid-19 pandemic, many turned to natural ingredients like turmeric, aloe vera, tulsi...
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