Startups

FedEx announced a strategic investment in Chennai-based startup company FourKites, aiming for a smooth, smarter supply chain globally. The collaboration will work to enhance single-day shipments, linking 220 countries and UTs across the world, raising 99% GDP. Under this joint venture, Fourkites will use its technology skills and FedEx's data insights. providing a new end-to-end supply chain under FourKites X. With this, the companies an… read-more

Ashneer Grover, co-founder and former CEO of BharatPe, intends to launch a new venture a month after his abrupt departure from his company. He is in discussions with private equity firms about raising $300 million for his enterprise. Grover may use his personal finances to support his startup, and may even trade a portion of his share in BharatPe, stated a report. Grover is presently in United States regarding the startup. 

A Bengaluru-based Milaap.org, India's largest crowdfunding platform, raised a huge donation of Rs 2,040 crore. On June 10, the organization said, with this, they crossed a major milestone as its community of donors collectively raised the amount on the platform from 85 lakh donations since its inception. Of the total contributions on the platform, the generosity of over 1 Lakh India's salaried professionals, contributed Rs130 crores, for… read-more

Blindwink, a company for market research in India, on June 8, announced 35 best global icon awards. Leaders and innovative people in various fields and sectors were on the list of leaders. The winners of Blindwink are decided in terms of their will in business, progress, and contribution to the market and society, breaking the barrier of age, location, and societal norms, aiming improvised working environment.

Zaara Biotech, a Thrissur-based biotechnology startup, received an unknown amount of funding from Transcend International in order to establish an Algal seaweed technology center in US. The money will be used to set up a food and beverage production plant under the brand name "B-lite," as part of the Kerala Startup Mission. The company also made India's first algal seaweed cookies, including Spirulina cookies, which are high in protein.