FutureTech

FY21 was a nightmare for mobility startups and ride-hailing giants like Uber and Ola, as the pandemic affected their operations. While Ola has yet to file financial statistics for FY21 (or even FY20), Uber India saw a 47.3 percent reduction in operating profits during the fiscal year ended March 2021. Uber India’s operating revenue fell to Rs 370.5 crore in FY21, down from Rs 703.1 crore in FY20. During the previous fiscal year, around 81 percent of these revenues, or Rs 300 crore, were earned by Uber’s ride-hailing operation, with…

Livspace, an omnichannel home interior and renovation platform, is in talks to raise new funding and it will most likely join the coveted club of unicorns soon. According to two people familiar with the details of the deal, the Bengaluru-based startup with operations in Singapore is in late-stage discussions to raise a large investment that could exceed $200 million. The additional funds arrive at a time when Livspace is betting on global expansion. It has been operating in Singapore since 2019, in addition to 13 Indian cities. Livspace had launched…

DeHaat, an online marketplace for farm services and products, has raised $115 million in what appears to be the largest funding round in India for an Agritech startup. Belgian investment company Sofina, and Lightrock India led the company’s Series D round. Temasek joined current investors Prosus, RTP Global, Sequoia Capital India, and FMO in co-investing in the round. In January of this year, the Patna and Gurugram-based business raised $30 million in its Series C round. DeHaat provides farmers with customized inputs, guidance, financial services, and market connections for distribution….

Femtech startup healofy has secured $6.5 million in Series B fundraising led by Celestia Capital and current investor Omidyar Network India. Stride Ventures also provided $1 million in debt to Healofy. From preconception through early parenthood, Healofy offers counselling and assistance to pregnant women. The platform also has a marketplace where users may purchase childcare items. The software also functions as a “women’s social network” for expecting and new moms. “Across the top 20 Indian cities, one out of four women in early stages of motherhood access the Healofy app…