Princeton Alum’s Startup Raises $51 Million to Help People Plan for An Easy Retirement

Are you aware that you could boost your retirement outlook by using this new startup’s no-cost service? SmartAsset’s free, five-minute tool makes it easy to find qualified financial advisors in your area or who serve your area. Our exclusive tool matches you with up to three fiduciary financial advisors who have passed a rigorous vetting process. Unlike broker-dealers, stockbrokers and insurance agents, fiduciary advisors are legally bound to work in your best financial interest. With over 110 million Americans over age 50, it’s no wonder this Princeton alum’s startup has…

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Self-Driving Truck Startup Plus to Go Public Through $3.3 billion SPAC Deal

Plus said on Monday it would go public through a merger with blank-check company Hennessy Capital Investment Corp. V in a deal that values the self-driving truck technology startup at $3.3 billion. The combined company will get proceeds of $500 million from the deal, including a private investment of $150 million. Investors in the deal include BlackRock and D.E. Shaw group, among others. In February, Plus raised $200 million in a funding round, co-led by brokerage Guotai Junan International and private equity firm CPE, according to data from Pitchbook. Founded…

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Foreign Entrepreneurs to Gain More Access to Immigration Program

The Biden administration plans to revive an immigration program that lets foreign entrepreneurs work in the U.S. by withdrawing a Trump administration proposal that aimed to kill the program. The International Entrepreneur rule, proposed by President Obama’s administration three days before he left office in 2017, allows foreign entrepreneurs to work in the country for up to five years, so long as their startups attract at least $250,000 in U.S. venture capital, hire 10 employees or meet other benchmarks.

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Zomato may Invest $100 million in Grofers as e-Grocer Shelves US IPO Plan

Food delivery app Zomato is in talks to invest around $100 million in e-grocer Grofers, two people in the know told ET, after discussions of a possible merger between the two fell through last year at the onset of the Covid-19 pandemic. Zomato’s investment is likely part of a larger financing round and may value the Gurugram-based online grocery firm at around $1 billion, sources said. This time the talks have centred around a capital infusion, unlike last year when Zomato would have likely acquired Grofers in an all-stock deal….

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IIT Chennai Startup Builds ‘India’s First’ 3D Printed House

Tvasta Manufacturing Solutions, a start-up founded by alumni of IIT Madras, has made what it says is India’s first 3D-printed house. The team printed the structure using a specialty concrete that it had developed to print large-scale 3D structures in short periods. They say the mix is based on ordinary portland cement, which has a lower water-cement ratio. Though concrete is the primary material typically used in construction projects, it cannot be recycled and requires a lot of energy to mix and transport. So, the team’s effort to use technology…

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Indian Startup Organization Proposes Regulatory Framework for Crypto

IndiaTech.org, an industry association representing India’s consumer internet startups and investors, wants to provide clear definitions for the cryptocurrency industry. On Wednesday, the association released a white paper including a policy proposal with recommendations for a regulatory framework for crypto assets and crypto exchanges in India. The proposed framework suggests to define cryptocurrencies like Bitcoin (BTC) as digital assets and not currencies. “Define cryptocurrencies as digital assets and not currencies and grant them recognition as digital assets like gold, stocks, or marketable securities,” the proposal reads. The framework further recommends…

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Twitter Acquires News Startup Scroll in Push for Subscriptions

Twitter Inc said Tuesday it had bought news technology company Scroll, which it will use as part of an upcoming subscription offering. Twitter has been working to offer new types of content on its social media site, including audio and long-form content, after previously acquiring newsletter platform Revue. Scroll allows users to subscribe and read news articles from publishers including Insider, BuzzFeed and USA Today without ads. The company says publishers who work with Scroll earn more money than they would by selling advertising. The deal will help Twitter build…

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Stockal Lands $3 million Funding from Aroa Ventures, others

Stockal, a platform that enables global investments for Indians, on Thursday said it has raised $3 million in funding from Aroa Ventures, Cadenza Capital Management, and others. The pre-series A round saw participation from Aroa Ventures (OYO founder Ritesh Agarwal’s family office), Cadenza Capital Management, Kristal.ai, Tracxn Labs, July Ventures, and Credence Family Office, a statement said. The company has raised $5 million in funding since its launch in January last year. “Stockal will use the funding to turbocharge its growth into new markets, starting from Indonesia in South East…

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$10 million Raised by Hvy Haul in Series A Funding

CHENNAI: California-based supply chain logistics enterprise Hwy Haul, a company launched by former Walmart executives, has raised $10 million in Series A funding to transform the way fresh produce is shipped and delivered. Eileses Capital led the round with BluePointe Ventures as the co-lead. Other investors include AgFunder, True Blue Partners and angel investors like Freshworks founder and CEO Girish Mathrubootham, Nutanix founder and CEO Dheeraj Pandey, Rajiv Batra, founder of Palo Alto Networks and Vivek Mehra, partner Emeritus at August Capital, among others. Hwy Haul’s end-to-end digital freight platform…

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Zomoto set to be the biggest IPO of Indian Capital Market in 2021

The first-ever technology company IPO in India, that of Zomato, is set to be the biggest event of 2021 for the Indian capital market. IPOs of companies that belong to sunrise sectors have often met with much frenzy. This frenzy to grab a piece of the blooming Indian food technology sector, some market participants believe, could be so intense that Zomato could command valuations of a decacorn ($10 billion or more) by the time its shares start trading on the stock exchanges. “There’s a distinct possibility of the IPO being…

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