IFTSC 2022: That’s a Wrap for India’s most influential startup event.

IFTSC 2022 witnessed Startup presentations, keynote sessions, and new product launches. AICRA signed MoU with Boston India Pvt ltd and AISECT. India’s largest and most influential startup event, “India First Tech startup conclave & awards 2022” organized by the All India Council for Robotics & automation under the India startup mission winds up its second chapter in the Silicon Valley of India- “Bengaluru”. The event kicked off on the 8th of June with more than 100 exhibitor companies including emerging tech startups that featured several innovative products and services. The…

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SaaS startup Kissflow leans on new low-code platform

Kissflow, a software-as-a-service company, announced on Tuesday that it is aiming for the $50 billion integrated work platform market with the launch of its unified low-code/no-code platform, which it claims would help organisations accelerate digital transformation. According to the company, the platform would unify the whole spectrum of task management for users ranging from end-users to teams, team managers, process specialists, citizen developers, and IT developers. “This is a long game for us,” Suresh Sambandam, CEO, Kissflow said. “So we are really looking at anywhere between three to five years,…

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BetterPlace acquires EzeDox in an all-cash deal

BetterPlace, a full-stack tech platform for frontline staff management, has announced the purchase of EzeDox, a no-code workflow builder platform, for an undisclosed sum. BetterPlace has consolidated its leadership position as the largest and only full-stack tech provider in the Indian frontline workforce management area, a $80 billion potential in India, with this acquisition. In its seed stage round, EzeDox was last valued at $2 million. BetterPlace will be able to automate and digitise its frontline personnel management procedures with EzeDox’s custom workflow builder capabilities from day one of operations….

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Anicut Capital raises Rs 110 crore to invest in startups

Anicut Capital, an investment management firm, announced on Tuesday that it had raised Rs 110 crore to acquire equity holdings in startups across a variety of industries. The Rs 500-crore Anicut Opportunities Fund I has reached its first closure. According to an official announcement, the fund would be used to invest in up to 15 growth stage enterprises. It also stated there is a Rs 250-crore greenshoe option for the newly launched fund, without divulging the details of the Rs 110-crore commitments. The firm also announced the appointment of Dhruv…

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Online learning platform Physics Wallah enters unicorn club with $100 million funding

Physics Wallah, a self-funded online education startup, has raised $100 million in its first round of funding led by WestBridge Capital and GSV Ventures, making it the newest edtech to join India’s unicorn club. The company is worth $1.1 billion, according to a prepared statement released on Tuesday. Unicorns are startups valued at $1 billion or more that are privately held. Other edtech unicorns include the likes of Byju’s, Unacademy, Eruditus, Vedantu, UpGrad and Lead School. According to a prepared statement, the funds will be used for business expansion, branding, the…

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Pristyn Care acquires Tiger Global-backed health-tech firm Lybrate

Pristyn Care, a healthcare provider, has acquired health-tech firm Lybrate for an unknown sum in order to strengthen its operations and expand into primary care. Pristyn, which became a unicorn in 2021, offers innovative secondary care operations through a nationwide network of over 800 hospitals. Lybrate will be used to drive synergies with the company’s existing activities, according to the company. “Given the increasing demand for online health services, Lybrate makes a compelling strategic fit to give access to primary care to our patients via online consultation services. We truly…

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Garuda Aerospace eyes plantation of 75,000 seeds

Start-up for drones Garuda Aerospace announced on Saturday that it will plant 75,000 seedlings to commemorate the country’s 75th anniversary of independence. Garuda Aerospace launched a statewide drone seed planting program on June 5 to commemorate World Environment Day, according to a company statement. The company’s recently introduced ‘Vriksh Vaahan’ drone was used for the task. The drone is a simple approach to boost productivity while avoiding environmental impact, according to the report. “The ‘Vriksh Vaahan’ drones will spray seeds directly over fields on the desired spot with the help…

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Info Edge-backed Edtech startup Udayy shuts down its operations

Gurgaon-based Udayy, an edtech startup focused on students from kindergarten to eighth grade, has decided to shut down its operations as it was unable to maintain sustainable growth in the hyper-competitive edtech market. Following this decision, the edtech startup has laid off its entire workforce. Saumya Yadav, one of the co-founders of Udayy, explains that the platform did not see a viable path toward business profitability with the lifting of COVID-19 norms. The increased number of children returning to school led to requests for refunds and difficulty in acquiring new customers…

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Apple likely to launch its own search engine to take on Google

Apple and Google are the two dominant forces that currently rule the market. The Cupertino-based behemoth may now compete with Google in another area dominated entirely by the latter, namely the search engine. No other search engine comes close to Google’s popularity, but Apple may soon make things tough for Google. According to sources, Apple is planning to launch a new user-centric online search. However, Apple intends to wait until January 2023 before launching the search engine. Tech blogger Robert Scoble has detailed the list of things that Apple is…

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Arya.ag acquires agriculture data science startup Prakshep

Arya.ag, a grain commerce platform located in Noida, has acquired agriculture data science firm Prakshep for an unknown sum. Arya strengthens its position as India’s largest integrated grain commerce platform and expands its technological capabilities to provide end-to-end solutions to its users with this acquisition. Arya.ag secured $60 million in Series C financing from Asia Impact SA and returning investors Lightrock India and Quona Capital in January of this year. The purchase, according to the business, would assist to boost Arya’s aim of providing cutting-edge AI/ML capabilities to farm digitalization,…

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