FutureTech

Logistics startup LoadShare is in advanced talks to raise around $50 million in a Series C financing round from new and existing investors. LoadShare had raised around $13 million [Rs 100 crore] in its Series B round in May 2020, so the new round comes after a 20-month hiatus. To date, the Bengaluru-based firm has raised nearly $18 million. “LoadShare is all set to close a $50 million round in which Tiger Global will be the lead investor with $25-30 million,” said one of the sources requesting anonymity. “The terms…

DealShare, a social commerce startup focused on groceries and essentials, has raised around $130 million in its Series E round, putting it in the exclusive club of unicorns. This is DealShare’s first round in 2022. According to regulatory filings, DealShare has approved the allotment of 42983 series E CCPS to raise Rs 968.67 crore (roughly $130 million). Tiger Global led the round with $39.1 million, followed by Alpha Wave, Kora Investment, DF International Partners, and Twenty Nine Capital Partners, who each contributed $31.3 million, $27.4 million, $19.6 million, and $11.7…

Ankur Warikoo, Tanmay Bhatt, Pranjal Kamra, and CA Rachna Ranade are among the celebrity finfluencers who have contributed to Wint Wealth, a debt investment aggregator platform. In a three-month period, this round was only available to retail investors, subject matter experts, and finfluencers. As a result, the platform now has 15 celebrity influencers as equity shareholders. According to a press release, the funds will be used for marketing and expansion. In addition to Warikoo, Bhatt, Kamra, and Ranade, the list includes Mandeep and Rishabh of Labour Law Advisors, Mukul Malik…

Curefoods, a cloud kitchen startup, has merged with Maverix, a competitor backed by Accel Partners, Swiggy, and Zephyr. According to people familiar with the deal, Curefoods will be valued at around $280 million, or about Rs 2,100 crore, after the merger. The terms of the agreement were not disclosed by the companies. Curefoods will have 125 kitchens across 12 cities after merging with Maverix, which has over 50 locations in Delhi, Mumbai, and Bengaluru. This will make it one of the country’s largest cloud kitchen players. As part of the…

The Ministry of Electronics and Information Technology (MEITY) and innovation ecosystem T-Hub announced that 13 Indian startups in the hardware and internet of things (IoT) sectors will each receive a grant of Rs 7.5 lakh from MeitY as part of Digital India’s Scale Up programme on Thursday. According to T-Hub, this is a partial grant that has been distributed to startups that have demonstrated proof of concept, built a customer base, and shown the ability to scale across the country. The remaining funds will be distributed once they have completed…

iMocha, a digital skills assessment platform based in Pune, has raised $14 million in a new funding round to expand its skill library, reach more global enterprises, and expand its HR-tech ecosystem partnerships. The new Series A round was led by Bermuda-based Eight Roads Ventures and existing investors Upekkha and Better Capital. Aditya Systla (Eight Roads Ventures) and Prasanna Krishnamoorthy (Upekkha) will join iMocha’s board of directors as a result of this, according to the statement. The startup had previously raised $600,000 in a seed round led by Anand Chandrasekaran…

Google Maps now has a feature that allows users to access their addresses using Plus Codes, which is a first for India. Plus Codes, for the uninitiated, are open-source digital addresses that provide simple and accurate addresses for any location on the planet. Places with no formal addresses are also included in the Plus Codes. Surprisingly, the Plus Codes are based on latitude and longitude rather than street and locality names. Talking about the new feature for Google Maps, Amanda Bishop, Product Manager, Google Maps said, “In addition to community-led…

Curefoods Pvt Ltd, a cloud kitchen startup founded by Cure.fit co-founder Ankit Nagori and home to brands such as EatFit, CakeZone, and Aligarh House, has acquired Maverix Platforms Pvt Ltd, which operates the ready-to-cook food brand Fingerlix, for an undisclosed sum. Curefoods said in a statement on Thursday that the acquisition of Maverix makes it the largest fresh food kitchen operator in India, with the largest manufacturing capability in the fresh food space. With Maverix’s 50 locations across Delhi, Mumbai, and Bengaluru, Curefoods becomes India’s second-largest cloud kitchen player in…

Kumar Ranjan, the CEO of the agritech startup E-Feed, included ludo and other casual games in his app, which he distributed to farmers. But selling advisory services to dairy, poultry, and aqua farmers across the country is his main business. In India, the advisory model is becoming increasingly popular among agritech startups. This is reflected in Nasscom’s Indian Tech Startups Report, 2021. According to the report, “farm advisory” was the top solution-driven startup category in agritech over the previous year. “We’re trying to use artificial intelligence (AI) and machine learning…