Smart water meter maker and IoT-enabled integrated water management startup WeGot has raised Rs 10.81 crore from a clutch of investors WeGot provides IoT devices and softwares to track real time flow of water WeGot, a manufacturer of smart water metres and an IoT-enabled integrated water management startup, has raised Rs 10.81 crore from a group of investors, including HDFC Capital. This would be the Chennai-based company’s second financing in 2021. In June, it raised Rs 8 crore from angel investors. WeGot has raised Rs 10.81 crore by issuing 9,029…
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Byju’s becomes the 13th most valuable startup in the world
Homegrown edtech startup BYJU’S is now the 13th most valuable startup in the world, as per CB Insights’ latest unicorn tracker. The Byju Raveendran-owned decacorn is presently valued at $21 billion, making it the most valuable edtech company in the world. BYJU’S is followed by Yuanfudao, a Chinese edtech company valued at $15.5 billion. The rise of the Bengaluru-based startup has been particularly noteworthy in the last 20 months, when education became digital-first as a result of the COVID-19 pandemic’s compulsions. Byju Raveendran is the founder and CEO of BYJU’s. BYJU’S not…
Read MoreTop 5 Indian startups entered to the unicorn club in 2021
India has witnessed several number of unicorn startups this year, thanks to a record-breaking round of funding for Indian entrepreneurs across all industries. Already, 40 Indian startups have joined the unicorn club. Over $38.4 billion has been raised as of December 4th, with many rounds expected to produce Indian unicorns in 2021. Here are top 5 startups made into the prestigious club Digit Insurance+- Digit Insurance, a Bengaluru-based insurtech startup, was the first to join the Indian unicorn club in 2021. In January, the company secured $18 million (INR 135…
Read MoreEdTech Startup 90+ My Tuition App to hire more than 3,000 people
90+ My Tuition app to hire 3000 people in FY 2023 The App has witnessed a rise in its user base recently. 90+ edtech startup to support its growth and expansion plans within India, My Tuition App said on Monday that it will hire more than 3,000 people across the country the first quarter of 2022-23. The start-up said in a statement that with the debut of the 13 State Education Boards and CBSE curriculum on its app, it has seen a jump in its user base. The recruitment will…
Read MoreBharatX secures $250k pre-seed capital
BharatX, a fintech platform, has raised $250k in a pre-seed round sponsored by Java Capital and LetsVenture. Anupam Mittal, Ritesh Jain, Faiz Mayalakkara, and Amit Kumar Singh were among the angels who took part in the round. The company was also a member of the 2021 Lightspeed Extreme Entrepreneurs Cohort. BharatX, founded in 2019 by Mehul Nath Jindal, Eeshan Sharma, Shyam Murugan, and Siddharth Venu, is a white label provider of embedded credit experiences on consumer facing platforms in India. With BharatX technology, the company also offers pay later for…
Read MoreSachin Tendulakr joins spinny as strategic investor
Spinny recently became a Unicorn with the closing of a $283 million Series-E round of funding The company said it has chosen to work with the universal role model who stands for performance, resilience, and continuous improvement. Former indian cricketer Sachin Tendulkar has joined Spinny, a pre-owned automobile retailing platform, as a strategic investor and lead brand endorser, the startup announced on Tuesday. However, Tendulkar’s investment in the company was not disclosed by Spinny. Spinny has become a Unicorn after closing a $283 million Series-E round of fundraising, bringing the platform’s…
Read MoreFlipkart invests $145 mn in agritech startup ‘Ninjacart’
As India’s e-grocery market grows, Walmart-owned Flipkart announced on Monday that it will invest $145 million in agritech startup Ninjacart, which has helped over 1,00,000 farmers in 150 areas increase their revenue. The third round of financing will empower millions of agri-value chain participants, including farmers, resellers, retailers, consumers, and supply chain participants. According to the company, the third round of financing will empower millions of agri-value chain participants, including farmers, resellers, retailers, consumers, and supply chain participants. Over the last two years, Ninjacart has made major investments in technology…
Read MoreQuantum AI can overcome the threat of “Barren Plateaus”
Novel theorem demonstrates convolutional neural networks can always be trained on quantum computers, overcoming threat of ‘barren plateaus’ in optimization problems. Convolutional neural networks running on quantum computers have sparked a lot of interest because of their ability to analyse quantum data better than traditional computers. While the applicability of artificial neural networks for huge data sets has been limited due to a basic solvability problem known as “barren plateaus,” new research solves that Achilles heel with a rigorous argument that guarantees scalability. “The way you construct a quantum neural…
Read MoreKindlife.in acquires funds from the new round led by Kalaari Capital
kindlife.in, an online marketplace for new age beauty and wellness products revealed that it has acquired funds in its seed round from Kalaari Capital and other famous angel investors on 13th December. The amount of capital raised in this round of funding was not disclosed by the startup, which was created by internet entrepreneur Radhika Ghai. According to a press release from kindlife.in, the financing was led by Kalaari Capital as part of their “CXXO initiative.” The goal of the project is to level the playing field for Indian female founder-CEOs….
Read MorePickrr Technologies raises $4 million in funding led by Guild Capital
Pickr is an AI enabled and cloud based platform. Pickrr will use the investment to continue its market expansion and product development Pickrr Technologies, a logistics tech startup, announced on Tuesday that it has raised $4 million (about Rs 29.4 crore) in funding from Guild Capital and Omidyar Network India. Pickrr’s first institutional fundraising comes after the company was bootstrapped by its founders with the help of angel investors, according to a statement. Pickrr plans to utilise the funds to expand its market and develop new products, according to the company. Dexter…
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