IppoPay, a fintech startup, announced $2.1 million in seed funding on Tuesday from Coinbase Ventures, Better Capital, Blume Founders Fund, and other angel investors. The startup intends to use the new funds to fortify its technology stack, including its payments engine, and to propel its expansion into new regions and market segments, such as small-to-medium-sized businesses. In addition, IppoPay is launching BNPL, a (technology/platform/feature) that will enable offline retailers to provide their customers with easy access to credit at the point of sale. “Our goal is to help offline merchants…

New Delhi-based direct-to-consumer (D2C) brand Power Gummies today announced it has raised $6 million or Rs 44 crore in a Series A funding round led by 9Unicorns, Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures (Marico Family office), and NB Ventures. Power Gummies had first raised seed funding from venture capital company Alfa Ventures in 2019. In 2020, the startup had closed two funding rounds: the first was a seed round headed by Venture Catalysts and DSG Consumer Partners, while the second was a bridge round led by Agility Venture Partners, with DSG Consumer Partners…

The Department for Promotion of Industry and Internal Trade (DPIIT) will host the inaugural Startup India Innovation Week from January 10 to 16. Anurag Jain, DPIIT Secretary, told the media via virtual press conference that Prime Minister Narendra Modi is expected to interact with startups and address Startup India Innovation Week on January 15 at 10.30 a.m. via video conferencing. This virtual week-long innovation celebration aims to commemorate the 75th year of India’s independence, dubbed ‘Azadi Ka Amrit Mahotsav,’ and is intended to highlight the breadth and depth of entrepreneurship…

Commerce and Industry Minister Piyush Goyal said on Monday that startups can play a critical role in socialising and democratising the availability of healthcare around the world at a time when the world is grappling with the coronavirus pandemic,. Entrepreneurs should also focus on strengthening the Make in India programme, innovating in India, and mentoring young startups, according to him. “As the world is facing successive waves of this pandemic, our entrepreneurs must start thinking of making our startups more resilient… I think our startups can play a very important…

Pine Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving forward with preparations for a US listing and hopes to raise $500 million, as per sources familiar with the matter. According to the people, the company has filed confidentially with the US Securities and Exchange Commission for an initial public offering in New York as early as the first half of this year. The listing could result in a valuation of $5.5 billion to $7 billion for Pine Labs, they said, declining to…

Indian microblogging platform Koo plans to introduce ‘WhatsApp Group like experiences’ on the platform for users with common interests this year, in addition to introducing live videos and other new product features According to CEO Aprameya Radhakrishna. The social media company is also looking for people from various backgrounds, such as former bureaucrats, journalists, and other personalities, to form an advisory board to “handle” a few situations involving hate speech or free speech that may arise each year, he said. “2021 was a very exciting year for us right from…