FutureTech

Tyke, a Mumbai-based fintech startup, has received pre-seed investment of $1.5 million from 9Unicorns, Better Capital, Ratio Ventures, and Venture Catalysts. Jitendra Gupta, Sweta and Amrish Rau, Varun Mittal, Sandeep Aggarwal, Navin Surya, and Ajay Rajan were among the angels that took part in the round. Tyke, which will be launched in the middle of 2021, will use software to enable entrepreneurs to transact and complete their fundraises digitally and instantly. “Our vision is to make private investing instant and accessible. We plan to use the funding to build distinguished…

Monster.com, a Quess company and online talent platform, has raised 137.5 crore in a round led by Akash Bhanshali (Volrado Venture Partners) and Mohandas Pai (Meridian Investments), with Quess participating. Following the funding round, the company is valued at around $100 million. The current close is at 112.5 crore, with an option to increase the round to 137.5 crore built in. The funds raised will be used to increase investments in product development and marketing in India, Southeast Asia, and the Middle East markets. The investment, according to the company,…

Niti Aayog’s Atal Innovation Mission (AIM) is launching a local language innovation programme to provide ecosystem services to innovators who do not speak English. It aims to provide learning materials in local languages, access to global markets, and funding for non-English speaking startups and innovators. The first leg, in collaboration with IIT Delhi, will begin on December 22 and will focus on design thinking and entrepreneurship. It is divided into three phases, the first of which is focused on training, while the other two will assist innovators in growing and…

Spinny, a pre-owned car retailing platform, announced the completion of a $12 million (approximately Rs 90 crore) ESOP buyback for its current and former employees on Tuesday. Spinny, which recently added former cricketer Sachin Tendulkar as a strategic investor, has facilitated the first ESOP (employee stock ownership plan) buyback. ESOP is an employee benefit plan that gives workers ownership interest in the company. “It is imperative to nurture a working culture that inspires each and every team member to do the best work and have a say in all internal…

Jumbotail, a business-to-business e-commerce startup that distributes groceries to mom-and-pop retailers, stated that it has secured a Series C investment of $85 million. The funding was led by Artal Asia Pte. Ltd., an affiliate of Invus, a global equity investment firm with over $10 billion of evergreen capital under management. The round was also attended by Ajax Capital, the family office of renowned FMCG entrepreneur Ajay Gupta. This Series C round included both primary and secondary investments, with early investors Nexus Venture Partners and Kalaari Capital participating in the secondary…

Zepto, a two-teenager-founded immediate grocery delivery business, has secured $100 million in a fundraising round led by Y Combinator, bringing its valuation to $570 million just five months after launching services in India’s brisk quick commerce industry. The startup’s latest fundraising comes 45 days after a prior capital round of $60 million at a valuation of $225 million, according to Aadit Palicha, co-founder and CEO, in an interview. In addition to Y Combinator’s Continuity Fund, the current round included investments from new and previous backers such as Glade Brook Capital…

Flo Mobility, a vision-based autonomous technology company, has raised $400,000 in funding from DevX Venture Fund, Venture Garage Angels, Blume Founders Fund, and other prominent angel investors. Manesh Jain and Mohan Kumar founded Flo Mobility in 2019 with the goal of creating a platform that can bring autonomous capabilities to vehicles across industries and form factors. The startup claims to be deploying its stack on a variety of vehicles, including electric scooters, delivery bots, agri-weeders, surveillance bots, golf carts, and lawnmowers. Flo Mobility intends to use the funds raised to…