Flipkart BigBillionDays
Posted in BusinessTechnology

Flipkart Ventures Supports 5 Early-Stage Startups Through Its Accelerator Programme

by SA TeamPosted on

Three points you will get to know in this article: Flipkart’s investment arm, Flipkart Ventures, is actively supporting the growth of five promising startups through its innovative accelerator program, Flipkart Leap Ahead (FLA). Now in its second year of fostering startup success, Flipkart has handpicked Algomage, Castler, FlexifyMe, NimbleBox.ai, and ReCircle for their remarkable potential to drive technological advancements across…

Vertex
Posted in Business

Vertex Raises $541 Million to Support Early Stage Indian & SEA Startups

by SA TeamPosted on

Three points you will get to know in this article: Vertex Ventures Southeast Asia and India, a prominent early-stage venture capital (VC) firm, has successfully secured an impressive $541 million for its fifth fund, known as the VVSEAI Fund V. This achievement surpasses their initial target of $450 million for this fund, marking an 80% increase compared to their fourth…

Expertrons
Posted in BusinessTechnology

Expertrons: Skilled Tech Startup Secures Investment from Hindustan Media Ventures Ltd.

by SA TeamPosted on

Three points you will get to know in this article: Expertrons, a skilled technology startup, secured investment from Hindustan Media Ventures Limited (HMVL). It’s worth mentioning that HMVL is also the proprietor of a significant contender in the employment arena, Shine.com. Other notable participants in the funding round included Echjay Family Office, Amar Ujala, along with continuing supporters like Ivycap…

SoftBank
Posted in BusinessTechnology

SoftBank Group Reports Another Quarter of Deficits

by SA TeamPosted on

Three points you will get to know in this article: Japan’s SoftBank Group surprised markets with a loss this time, but there’s a silver lining – the company is wading back into new investments. Their Vision Fund unit has finally turned profitable after six quarters in the red. During the April-June period, the Vision Fund unit saw a substantial investment…

IANGELS
Posted in BusinessDaily Feeds

IANGELS Initiative by India Accelerator Targets 100 Crore Rupees Investment in 50 Startups for FY 2024

by SA TeamPosted on

Three points you will get to know in this article: The chosen startups will undergo IA’s thorough evaluation journey, comprising multiple phases to gauge their promising capabilities.iAngels, a network of angel investors supported by India Accelerator (IA), has introduced a Rs 100 crore fund within its Chennai chapter. This initiative aims to provide backing to 50 startups located in the…

Flipkart BigBillionDays
Posted in EcommerceFinance

Flipkart to Invest $20 Million in New In-House Credit Marketplace Startup

by SA TeamPosted on

Three points you will get to know in this article: Flipkart, the prominent e-commerce giant, is earmarking approximately $15-20 million to support the development of an in-house credit marketplace startup led by its senior executive, Prakash Sikaria. This information has been confirmed by multiple sources familiar with the situation. Prakash Sikaria, a Senior Vice President within the company, previously responsible…

Nikhil Kamath
Posted in AutomobileBusinessTechnology

Nikhil Kamath’s EV Startup Investment and Potential Laptop Curb Relaxation

by SA TeamPosted on

Three points you will get to know in this article: • The development follows Ather’s recent INR 900 Cr ($108 Mn) rights issue.• Ather’s FY23 revenue soared to INR 1,806 Cr from INR 408.5 Cr in FY22.• Kamath invests in Indian startups like Nazara, Licious, Third Wave Coffee, and more. Nikhil Kamath, one of the co-founders behind Zerodha, India’s premier…

Eco-Friendly Packaging
Posted in Business

Matrix Partners India Leads $3M Investment in Eco-Friendly Packaging Startup, Cirkla

by SA TeamPosted on

Cirkla, a forward-thinking sustainable packaging startup, has successfully secured an impressive $3 million (equivalent to Rs 24.8 crore) during a pre-seed funding round. This noteworthy achievement was made possible through the strong leadership of Matrix Partners India, with valuable contributions from Stellaris Venture Partners and a cohort of esteemed angel investors. According to the startup, the raised funds will be…

Posted in BusinessTechnology

Microsoft Backs D-Matrix: AI Chip Startup Raises $110 Million in Funding

by SA TeamPosted on

D-Matrix, a pioneering artificial intelligence chip startup headquartered in the heart of Silicon Valley, has successfully secured an impressive $110 million in funding. Notably, this funding round boasts participation from notable investors, including the tech giant Microsoft Corp. This achievement is particularly significant given the current challenges faced by many companies in the semiconductor industry as they seek to secure…

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