July 10, 2024, 1:42 am

Care.fi Raises $2.6 Million From Trifecta Capital, UC Inclusive Credit

Care.fi, a healthcare focused fintech startup has secured $2 million in debt capital from Trifecta Capital as well as an additional $0.6 million (Rs 5 crore) from UC Inclusive Credit. 

Co-founded by Sidak Singh and Vikrant Agarwal in the year 2021, Care.fi is a fintech company offering smart financing solutions to hospitals, doctors, and allied suppliers. It helps to bridge the gaps in funding within the healthcare industry. The company addresses the financial needs of healthcare professionals and institutions, facilitating smoother operations and accelerated growth.

 

Source : The Startup Lab

July 10, 2024, 1:41 am

SIDBI and BluSmart launched electric cars under the EV4ECO initiative, with esteemed dignitaries present. Under this scheme, SIDBI leverages its expertise to provide financial and developmental support in environmentally friendly sectors, reducing perceiv

July 8, 2024, 2:45 am

Indian startups raise nearly $176 million across 16 deals in first week of July

July 8, 2024, 2:45 am

June quarter brings cheer to start-up funding recording a eight-quarter high

After almost a two-year lull in venture capital (VC) deals, April-June 2024 clocked 200 deals totalling to $3.6 billion, as per data sourced from Venture Intelligence. This represented a 71 per cent increase in investment value from same quarter last year with the deal flow also rising from 189 deals. On a sequential basis too, investment value rose 80 per cent from the March 2024 quarter.

Source : The Hindu Business Line

July 8, 2024, 2:43 am

B2B healthtech startup Watch Your Health raises $5 million from Cornerstone Ventures, Conquest Global

B2B healthtech platform for insurers and pharma companies Watch Your Health has raised $5 million funding from early-growth stage venture capital firm Cornerstone Ventures and Singapore-based investment firm Conquest Global, the company announced on Tuesday.

 

Source : Financial Express

July 8, 2024, 2:43 am

Industry Ventures raises a $900M fund for investing in small, early-stage VCs and their breakout startups

On Tuesday, the 24-year-old firm announced that it raised a $900 million early-stage hybrid fund for investing in emerging managers and directly backing breakout growth-stage companies alongside their managers. The fund will also buy a secondary interest in emerging managers from other limited partners.

This is Industry Ventures’ seventh hybrid fund, and it’s more than 50% larger than its predecessor, a $575 million vehicle raised in 2021.

 

Source : Tech Crunch

July 8, 2024, 2:41 am

VC funding into Indian startups rises by 45% in H1 2024

In the first six months of 2024, venture capital (VC) funding into Indian startups showed all the signs of a steady upward trajectory, as it rose by 45% compared to the preceding six months between July and December 2023.

 

Source : YourStory

June 28, 2024, 2:30 am

Novo Holdings invests in Indian agritech firm AgNext Technologies

Copenhagen-based life sciences investor Novo Holdings has invested an undisclosed sum in Indian agritech player AgNext Technologies Private Limited to support the latter's growth and international expansion.

The deal marks Novo Holdings's first Asia investment in the planetary health sector that aims to drive the green transition.

Source : Deal street Asia

June 28, 2024, 2:29 am

SIDBI, in collaboration with the Department of Finance, Government of Rajasthan, conducted a workshop and consultation on the SIDBI Cluster Development Fund (SCDF) scheme in Jaipur.

June 28, 2024, 2:29 am

Flipkart’s Rajneesh Kumar shares the company’s vision for empowering MSMEs in India’s booming e-commerce landscape. By focusing on skill development and scalability, Flipkart is fostering self-reliant businesses aligned with the 'Atmanirbhar Bharat' missi

June 28, 2024, 2:28 am

Celebrating the resilience and potential of MSMEs on International MSME Day!

June 28, 2024, 2:28 am

Matter Motors raises Rs 82 crore from Japan Airlines & TransLink Innovation Fund, others

Electric motorcycle maker Matter Motors has raised Rs 82 crore in a funding round that saw investments from Japan Airlines & TransLink Innovation Fund and Helena Special Investments Fund, among others.

The Ahmedabad-based firm issued 1.1 lakh compulsory convertible preference shares at an issue price of Rs 7,320 each for the fundraising, documents filed with the Registrar of Companies showed.

Source : The Economic Times

June 28, 2024, 2:27 am

This startup offers water at almost no cost, secures Rs 5 crore in funding

Wahter, an Indian startup renowned for its remarkably affordable bottled water, has successfully raised Rs 5 crore in funding during its pre-seed round, valuing the company at Rs 52 crore. The company’s unique business model revolves around selling water bottles at an almost negligible cost to consumers.

Founded in December 2023 by Amitt Nenwani and Kashiish A Nenwani, Wahter leverages advertising opportunities on its bottle labels to offset production costs. This approach not only allows the company to maintain extremely low prices but also enables brands to reach a broader audience through innovative marketing strategies.

 

Source : Zee business

June 28, 2024, 2:25 am

NBFC Varthana helps Indian schools expand access to affordable education

Steve Hardgrave, originally from Southern California, has dedicated 13 years to improving affordable education in India through Varthana Finance, a Bengaluru-based NBFC.

Varthana provides loans to small private schools that lack existing banking relationships but need the money for activities like expanding classrooms, constructing or upgrading labs, or buying school buses.

 

Source : YourStory

June 28, 2024, 2:24 am

As part of the India-Japan triangle cooperation Sri Lankan delegation visited Himachal Pradesh under JICA training to gain a comprehensive understanding of the impact of community-led institutions on women's economic empowerment and financial inclusion

June 28, 2024, 2:23 am

Apply now for the prestigious Marico Innovation for India Awards 2025 and showcase your solutions that could shape the future.

June 28, 2024, 1:51 am

Two Brothers Organic Farms raises Rs 58.25 Cr in Series A round led by Rainmatter

2C consumer organic grocery brand Two Brothers Organic Farm  has closed its Series A round of funding, raising Rs 58.25 crore. The round was led by Rainmatter, an investment initiative by Zerodha, with a total capital infusion of Rs 50 crore. It also saw participation from Raju Chekuri, founder of NetEnrich.

 

Source : YourStory

June 26, 2024, 4:50 am

KPMG makes a significant contribution towards the achievement of SDG4 to help ensure inclusive and equitable education for all

June 26, 2024, 4:02 am

Anand Chandrasekaran Is The Leading Angel Investor, Backing 20 Future Unicorns, Followed By Kunal Bahl

Anand Chandrasekaran Is The Leading Angel Investor, Backing 20 Future Unicorns, Followed By Kunal Bahl. Venture capital firm Peak XV Partners, formerly known as Sequoia Capital India and SEA, has emerged as the leading investor in India's startup ecosystem, according to the ASK Private Wealth Hurun India Future Unicorn Index 2024. 

Source : BWDisrupt

June 26, 2024, 4:00 am

This Silicon Valley platform enables India based entrepreneurs to expand and succeed in the US

FalconX - Silicon Valley accelerator and venture fund has made 300 startup investments, with 50+ exits, 14 unicorns, 5 IPOs at a cumulative market cap of $75B.

FalconX offers startups, particularly Indian B2B startups, the support and resources they need to grow and scale in the US.

 

Source : YourStory

June 26, 2024, 3:59 am

Union Health Minister Shri J P Nadda and Senior Health officials of MoHFW launched the STOP Diarrhoea campaign to intensify efforts to reduce child deaths due to diarrhoea.

June 26, 2024, 3:58 am

Women-focused fintech startup Lxme raises $1.2 million from Kalaari Capital, others

Lxme, a financial platform exclusively for women, has secured $1.2 million in seed funding, in a round led by Kalaari Capital through its CXXO initiative, which supports ventures led by women entrepreneurs. 

Source : The Economic Times

June 26, 2024, 3:55 am

D2C dairy startup Sid's Farm raises $10M in Series A from Omnivore and Narotam Sekhsaria Family Office

D2C dairy startup Sid's Farm raises $10M in Series A from Omnivore and Narotam Sekhsaria Family Office (NSFO). The Telangana-based startup aims to utilise the funds to establish a strong presence in Hyderabad and Bengaluru by enhancing manufacturing capabilities to meet the growing demand for high-quality dairy products.

 

Founded in 2016 by Dr Kishore Indukuri, an IIT Kharagpur alumnus, Sid's Farm is a mass premium dairy brand that controls the entire value chain of milk and milk products by sourcing directly from farmers and conducting rigorous quality testing throughout the supply chain to ensure nutrient-dense, additive-free milk.

 

Source : YourStory

June 26, 2024, 3:53 am

Walmart Vriddhi, which launched in India in 2019, has trained more than 50,000 Indian MSMEs, providing them with mentoring and business advisory opportunities.

June 26, 2024, 3:52 am

QpiAI closes $6.5M pre-Series A funding led by YourNest and SIDBI Venture Capital to enable intelligence modelling and intelligence compute using quantum computers

June 26, 2024, 3:34 am

Cloudphysician raises $10.5 million in funding round led by Peak XV Partners

Online healthcare and technology solutions provider Cloudphysician has raised $10.5 million (about Rs 87.7 crore) in a funding round led by Peak XV Partners, along with Elevar Equity and venture debt firm Panthera Peak. The startup will use the capital to strengthen its presence in India, enter other countries and develop its AI platform.

 

Founded in 2017 by Dhruv Joshi and Dileep Raman, the health startup is a full-stack AI and operations company that partners with hospitals to handle patients in their intensive care units (ICUs) and emergency departments.

 

Source : The Economic Times

June 26, 2024, 3:33 am

Under SIDBI’s Cluster Intervention Program in the Mathura Poshak Cluster, a project launch workshop was conducted that aimed at enhancing artisans' financial literacy, with a special focus on women artisans. The workshop included capacity development sess