Photo: Business Standard
Startup Company Jify Attracts $10 Million Investment By Accel, Nexus
Employee financial benefit startup Jify has raised over $10 million investment, said the company on August 3. Accel and Nexus Ventures provide funding to the startup company of joint partners Anisha Dossa Aibara, Anusha Ramakrishnan and Aditya Mehta. Started in 2021, the company provides salary benefits like on-demand real time salary at zero cost. In addition, the company owners said, the investment will be used to strengthen production and… read-more
Tags: Investment, Jify, Startup India, Financial Benefits, investors
Courtesy: The Economic Times
Photo: The Financial Express
India Is Experiencing Massive Digital Transformation: Amitabh Kant, CEO Of Niti Aayog
Niti Aayog CEO Amitabh Kant stated on May 23 that India is undergoing a big digital transition. According to him, the number of startups in India has increased from double digits to tens of thousands as a result of the Startup India movement. Even in the midst of the COVID-19 pandemic, the appearance of unicorns was extraordinary, he claimed. He also urged international investors to invest in India's economic narrative.
Tags: Niti Aayog, Amitabh kant, startup india movement, Startup India, Digital
Courtesy: NDTV
Photo: The Week
AIIA Launches 'Ayush Start-Up Challenge' To Fuel Start-ups & Innovations
The All India Institute of Ayurveda (AIIA) joined hands with Startup India to launch the 'Ayush Start-up challenge' to boost early-stage start-ups and individuals contributing to the field of Ayurveda, as per reports. In addition, there are three entry categories for participating start-ups – Ayush Food Innovations, Ayush Bio-instrumentation, and Ayush IT Solutions. Notably, the winners of the challenge will receive both a cash prize and … read-more
Tags: India, AIIA, Startup India, Ayush Start-up challenge, Ayurveda
Courtesy: Financial Express
Photo: Startupstars
Indian Startup Propelld Provides Education Loans Amid Covid-19 Crisis
Education-focused fintech platform Propelld, has raised $35 million in Series-B funding. The startup was founded in 2017 by three friends from IIT Madras. Propelld enables financing solutions for learners pursuing education programmes at partner institutions. “Bajaj declared a 35% first-default; Propelld had 3%. Even that, they chased down relentlessly to less than 1% within 90 days,'' stated a member. Notably, Propelld funds the education of… read-more
Tags: Startup India, Propelld, education loan, Poor, Covid-19
Courtesy: Money Control
Photo: Free Press Journal
Minko Fintech Startup Raises $1.5 Million Via Seed Funding
Minko, a fintech startup, raised $1.5 million through seed funding from investors like CRED, Mumbai Angels and others. Founded by Sanket Shendure and Sanmati Shendure in 2021, the company in just six months expanded its product services and launched Minko QR, Minko Invoices and Minko Gold. Notably, the company, currently in Goa, Bihar and Mumbai, is aiming to expand in other cities, boarding 10,000 retailers.
Tags: Minko, CRED, Startup India, Seed Funding Round, investors
Courtesy: Live Mint
Photo: TechRadar
Indian EV Startup Oben Electric Raises $ 1 Mn
Electric vehicle start-up Oben Electric, on January 25, said that they raised $ 1 million in funding from investors. The money was raised in December 2021 led by We Founders Circle (WFC). The start-up will reportedly use the funding to enhance its business capacity, set up a bigger manufacturing infrastructure, and strengthen distribution plans. The whole process from designing to manufacturing, is done in-house with Indian components, stated… read-more
Tags: Automobile, Startup India, Oben, funding, investors
Courtesy: The Economic Times
Photo: INC24
Startup Ecosystem Mourns Demise Of Entrepreneurs Pankhuri Shrivastava & Naren Gupta
Startup ecosystem mourned the sudden demise of Pankhuri Shrivastava, a 32 year old and Naren Gupta. Many startup entrepreneurs and members of this community, expressed condolences to the families of the two talented people of the ecosystem. While Pankhuri Shrivastav was the founder of a women oriented platform and brand "pankhuri" allowing women to socialise, Naren Gupta was the founder of Nexus Ventures, known as the Father figure of… read-more
Tags: Startup India, Pankhuri Shrivastava, Naren Gupta, Nexus, Women Startup
Courtesy: INC 24
Photo: Asianet News Hindi
Drink Tea & Eat Cup, New Startup Trends In MP's Shahdol
In Madhya Pradesh's Shahdol, two youths started a unique startup of edible teacups. Rinku Arora and Piyush Kushwaha started a tea shop at Model Road in Shahdol with an aim of reducing pollution and garbage. It's called "wafer cup tea" and is available at Rs 20. Reportedly, the cup is made of a biscuit, allowing people to eat it. The idea of no garbage is trending in Shahdol.
Tags: Tea Shop, Shahdol, Wafer Cup, Madhya Pradesh, Startup India
Courtesy: JS Newstimes
Photo: Youtube
Union Minister Piyush Goyal Inaugurates International Trade Fare
Union Minister Piyush Goyal on November 14 inaugurated the India International Trae Fair (IITF), the 40th edition of IITF and mobile app. Reportedly, the fair is being organized under the theme of Atmanirbhar Bharat. "The participation in this trade fair has crossed 3000 small & big businesses. Women MSME entrepreneurs are given stalls, free of cost. other MSMEs, including startups, have been given a 40 percent discount,"… read-more
Tags: Piyush Goyal, India trade fair, Trade Union, India, Startup India
Courtesy: ANI
Photo: Business Today
Mumbai Teens Quits Stanford University To Launch Grocery Start-Up ''Zepto''
The 19-year-olds Adit Palicha and Kaivalya Vohra, who got admission to Stanford University, decided to quit and start their own grocery company "Zepto". Reportedly, the Mumbai-based company raised 60 million dollars as funding from investors like Y Combinator and Glade Brook Capital, to boost its presence in India's fast-growing grocery delivery market. ''The firm is valued between $200-300 million,'' said Palicha, co-founder and CEO.
Tags: Startup India, Startups, Stanford University, Grocery Delivery, Mumbai
Courtesy: NDTV