UPCOMING TECH STARTUP EVENTS YOU SHOULDN’T MISS

Virtual or in Real, we have got you covered with an exciting list of Tech startup events or conclaves happening soon in 2021 & 2022 As a media agency reporting all the latest updates related to startups, we know how challenging it is for budding entrepreneurs to survive. Establishing a startup is not at all a cakewalk. Startup conferences are an excellent way to meet like-minded people, attract investors, and get things going. They’ll open a whole universe of new ideas, offers, and industry pro-tips. Such gatherings are an important…

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Paytm partners with startup for PMS foray

Paytm founder Vijay Shekhar Sharma is launching Portfolio Management Scheme (PMS) The initiative is in collaboration with Mumbai based startup PMS Bazaar Vijay Shekar Sharma, the founder of Paytm NSE 2.97 percent, is launching a Portfolio Management Scheme (PMS) in collaboration with PMS Bazaar, a Mumbai-based start-up that would develop investment strategies. It will primarily invest in stocks, with big, mid, and small-cap businesses accounting for 95 percent of the assets. Other asset types include gold, exchange-traded funds, and debt. “At Paytm Money, we have leveraged technology to make investing…

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Insuretech startup Turtlemint remains profitable in FY21

Turtlemint witnessed a stable financial performance in the financial year 2021 This comes at a time when the company is in talks with New York’s Tiger Global Management to raise a new round Turtlemint, an insuretech platform, has a steady financial performance in fiscal year 2021. The Mumbai-based company increased its operational revenue by 35% to Rs 63 crore in FY21, up from Rs 46.8 crore the previous fiscal year (FY20). Commission and brokerage accounted for Rs 60.36 crore of Turtlemint’s total operating income in FY21, accounting for 96 percent of…

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Neobanking startup dwindles during FY21: Reports 80Cr loss

The company’s operating revenue dwindled 4% to Rs 24.30 crore in FY21 Niyo’s expenses were also reduced by 4% to Rs 112.22 crore in FY21 from Rs 117.19 crore in FY20.  Neobanking startup Niyo, one of the first movers in India’s customer-focused neo banking industry with a focus on the blue-collar group is yet to hit critical scale despite its early mover advantage. Niyo’s revenue increase in its fifth fiscal year (FY21) has been negative. The company’s operating revenue fell 4% to Rs 24.30 crore in FY21, down from Rs 25.32…

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Zoho to enter e-learning sector with TrainerCentral

Zoho to enter the booming e-learning market. TrainerCentral will look at entering the enterprise segment but as of now, the focus is entirely on small, individual trainers and training companies.  Zoho Corp. has launched TrainerCentral, a collaborative e-learning platform designed to capitalize on the booming e-learning market. Aarthi Elizabeth, the new business division’s chief brand evangelist, confirmed the news. Chennai-headquartered Zoho is the parent company of technology brands like ManageEngine, Zoho, and Qntrl, as well as TrainerCentral, which will provide knowledge creators, solopreneurs, and experts from all fields with a…

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Slice turns unicorn with $220 Mn round led by Tiger and Insight Partners

Credit card platform Slice, has raised $220 million in Series B round. The fund will be utilized for onboarding users, hiring, and development of new products. Credit card platform Slice, has raised $220 million from Tiger Global and Insight Partners in a Series B round. Sunley House Capital of Advent International, Moore Strategic Ventures, Anfa, Gunosy, Blume Ventures, and 8i were among the existing investors in the round. According to Slice, the new funds are valued at more than $1 billion. In 2021, the company will join the ranks of…

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SaaS startup is in discussion Tiger Global for new round

SaaS startup Toplyne is in talks to raise a new round led by Tiger Global Management. Toplyne is a plug-and-play platform that enables sales teams at PLG (product-led growth) companies to boost their freemium user conversion rates. The funding binge is still going on asv SaaS firm Toplyne is in discussions to raise a new round led by Tiger Global Management. This comes just weeks after the Bengaluru-based startup raised $2.5 million in its first round of fundraising from Sequoia’s Surge, Together Fund, and other investors. “Tiger Global is in…

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Unicorn startup CoinDCX plans to pursue IPO once they get clarity on government regulations

CoinDCX to try for an IPO as soon as the government allows They are planning to promote blockchain technology CoinDCX, India’s first cryptocurrency unicorn, intends to go public as soon as regulations permit it, as per co-founder Neeraj Khandelwal. The share sale, similar to Coinbase Global Inc.’s U.S. listing earlier this year, would be a key vote of confidence for India’s digital asset industry, Khandelwal said in an interview with Bloomberg Television on Monday. “As soon as the government or the situation allows us, we will try for an IPO,”…

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Prime minister Narendra Modi pointed out the importance of startups in India’s growth

India is leading in the world in startup domain India now has more than 70 unicorn startups Turning the spotlight on the importance of startups, Prime Minister Narendra Modi said on Sunday that India is, in some ways, leading the world in this domain, and that this could be a defining moment in India’s success story. The country now has more than 70 startups or unicorns with valuations exceeding $1 billion. In his radio programme Mann Ki Baat, the Prime Minister stated that in every country with a large youth…

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Vedantu initiates first ESOP Plan worth Rs 20 Cr

Edtech startup Vedantu launched its first ESOP plan Vedantu became a unicorn startup in September 2021 Edtech startup Vedantu has launched its first-ever employee stock ownership plan (ESOP) liquidity plan worth Rs 20 crore for its employees as part of the startup’s ESOP linked bonus pay-out scheme. According to an email sent by Vedantu’s CEO Vamsi Krishna on Friday, the company will conduct more similar rounds in the future while widening the scope of coverage to include more of its employees. PhonePe announced a Rs 135 crore ESOP liquidity programme…

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