Ninjacart, an agritech startup, recently announced a $145 million strategic round led by existing investors Walmart and Flipkart. Ninjacart did not disclose any additional transaction details, such as round break up or valuation, aside from future plans. Walmart and Flipkart each contributed $72.5 million to the Series D round. This was Flipkart and its controlling entity Walmart’s third joint investment in the Bengaluru-based startup. Ninjacart chose the new funds at a $815 million post-money valuation. This represents a significant increase in the company’s valuation, which was approximately $502 million in…
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Good Glamm Group buys majority stake in Organic Harvest in all-cash deal
The Good Glamm Group acquired a majority stake in Organic Harvest, an organic beauty and personal care brand. According to a source with knowledge of the development, the transaction values Organic Harvest’s enterprise at Rs 275-Rs 280 crore. The financial terms of the deal were not disclosed by Good Glamm, a direct-to-consumer beauty and personal care brand. According to the source, Organic Harvest is valued at around 4-4.5 times its annualised revenue run rate. According to a senior company executive, Good Glamm will invest an additional Rs 75 crore in…
Read MoreGoogle Drive app gets an important security feature
Google Drive is getting an important security feature that will allow you to protect yourself from potentially suspicious or dangerous files. This feature was first announced by Google at its Cloud Next 2021 event in October. This feature is now being made available to everyone by the company. This is a much-needed feature because many people download files from unknown sources and share them with others via Google Drive. Some people receive Google Drive-linked files directly in their Gmail inbox. Users now have additional protection against abusive content thanks to…
Read MoreInstagram will now limit reach of potentially harmful content on its platform
Instagram has been working to reduce the spread of harmful content on its platform. The photo-sharing app, which is owned by Meta, announced that it would reduce the visibility of potentially harmful content on its platform. Instagram has stated that it will deprioritize content that incites violence, promotes bullying, or promotes hate speech. Instagram is a powerful social media platform with the potential to reach a larger audience. If any hate content or instances of bullying are promoted on the platform, it will be detrimental to the platform’s most vulnerable…
Read MoreGoogle is starting work on blockchain, and this may lead to crypto payments on Google Pay
Google may be preparing to adopt blockchain technology. According to reports, the company has established a new unit to investigate the viability of blockchain technology across verticals. According to what is known so far, Google intends to use this move to advance distributed computing and data storage technologies. The pursuit of blockchain technology is neither irrational nor limited to Google. Technology companies are lining up to use blockchain for a variety of tasks that they see fit in their industry. Google’s plans in this area were revealed in a recent…
Read MoreSaaS starup Trainn raises $700,000 in seed round led by Speciale Invest
Trainn, a Chennai-based B2B SaaS startup, has raised $700,000 in a seed round led by Speciale Invest. Arka Venture Labs, angel investors such as Chargebee’s founders, Shan Krishnasamy, CTO of Freshworks, and Abhishek Goyal, Co-founder of Tracxn, among others, participated in the funding round. The funds will be used to expand the company’s team, fuel go-to-market programmes, and accelerate product development. Trainn’s mission is to assist SaaS businesses in driving meaningful ROI, increasing adoption and customer retention through customer education, and lowering support costs and costly in-person training. While previously…
Read MoreE-mobility startup VAAN Electric Moto launches e-bikes in India
VAAN Electric Moto Pvt Ltd, an Indian lifestyle e-mobility startup, has launched its electric bicycle-Urbansport in the country. Rajeev Chandrasekhar, Union Minister of State for Skill Development, Entrepreneurship, Electronics, and Information Technology, launched the Van Electric Moto brand in India on Friday at a virtually held event in Kochi. The e-bike is available in two variants: Urbansport and Urbansport Pro, priced at Rs 59,999 and Rs 69,999, respectively, and will first be sold in Kochi before expanding to other high-potential markets such as Goa, Bangalore, Mumbai, Hyderabad, and Delhi. The…
Read MoreIndia First tech startup conclave & awards 2022: An event you should attend this February
All India council for robotics and automation is organizing ‘India First tech startup conclave & awards 2022 from February 17th to 18th with support from the Ministry of electronics and information technology. The event primarily focuses on boosting the entire startup ecosystem of the country and will be attended by Ministers, other government representatives with several industry leaders and experts. The event is aimed at providing an exclusive platform for young innovators, entrepreneurs, industry experts, professionals, policymakers, investors, and exhibitors to exchange innovative ideas, knowledge base, showcasing products/ services to…
Read MoreRazorpay in talks to acquire majority stake in Ezetap Mobile
Razorpay, a payment gateway provider for online transactions, is in initial talks to acquire a majority stake in cellular point-of-sale machine supplier Ezetap Cell Options Pvt. Ltd, according to two people familiar with the situation. However, the financial details of the transaction could not be ascertained immediately. Byas Nambisan, chief executive officer of Ezetap, confirmed his company is in talks with numerous buyers, primarily global and native strategics, as well as renowned enterprise capital funds, to raise approximately $60 million (447 crore) in funding. He also stated that Unitus Capital…
Read MoreIndian startups raised record $24.1 billion in 2021: Nasscom
Indian startups raised a record $24.1 billion in 2021, a two-fold increase over pre-Covid levels, with $6 billion raised through public markets through 11 startup IPOs, according to a new Nasscom report released on Friday, The Indian tech startup ecosystem is expanding steadily, with over 2250 new startups expected in 2021, 600 more than in 2020. India, which has 70 unicorns, added a record number of new unicorns (42) in 2021 across 18 sectors, ranking third after the United States and China, with a total valuation of newly-added unicorns of…
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