Start-Ups

MK Stalin, the Chief Minister of Tamil Nadu, launched the Global Tamil Angels platform (www.tamilangels.fund) on Monday, inviting investors from the global Tamil diaspora to invest in the state’s start-ups. The platform debuted at the “Global Startup Investors Summit,” which was co-hosted by the Tamil Nadu Startup and Innovation Mission and the FeTNA International Tamil Entrepreneur Network. At the event, a multi-billion-dollar American Tamil Fund (ATF) was announced by investors from the Tamil Diaspora in the United States to invest in the state’s start-ups. According to a press release, the…

Singapore-headquartered enterprise SaaS platform Actyv.ai has raised $7 million in a pre-Series A funding round led by 1Digi Ventures, a family office based in Singapore. Previously, the startup had raised $5 million as part of its pre-Series A round, taking the total raise to $12 million in this round. It is also in talks to raise its next Series A round of funding and expects to close in another 3-4 months. Founded in 2019 by Raghunath Subramanian, About actyv.ai actyv.ai is an AI-powered enterprise SaaS platform with embedded B2B Buy Now Pay…

Trezi, a homegrown metaverse platform, has raised over $2 million in a Series A funding round led by World V, YourNest Venture Capital, and Auxano Capital, with participation from She Capital. The startup intends to use the funds raised to accelerate platform development in the metaverse and expand into high-potential new geographies. Trezi, founded in 2018 by Tithi Tewari and Gautam Tewari, said it allows clients to upload architectural models for real-time viewing, editing, and remote collaboration. The startup claims that leading brands such as Schneider Electric, GMR, NCRTC, St…

By launching ground-breaking initiatives to give tech startups and aspiring entrepreneurs access to a rich collaborative ecosystem, STPI has set out to strengthen the country’s ecosystem for tech startups. It has encouraged the patenting of more than 100 upcoming tech startups. On December 24, 2022, in a conversation with DD News, Director General of Software Technology Parks of India, Mr. Arvind Kumar elaborated that the goal of STPI in its starting stage was to support the export of software, and today they have reached over 6.3 lakh crore of exports, marking…

The Karnataka cabinet has approved a policy that aims to add 10,000 more startups over the next five years. Minister of Information Technology and Biotechnology, Dr. C. N. Ashwath Narayan, claims that “the new policy framed by the Department of Electronics and IT/BT has the aim of positioning Karnataka as the “Champion State” for startups and further increasing the number of high-growth startups by 2027.” The policy approved at the cabinet meeting in Belagavi secures Karnataka’s position as the nation’s innovative hub. The state’s ultimate objective was to launch 25,000…

In recent fashion news, Virgio, a pioneer company founded in 2022 by Mr. Amar Nagaram, has received 37 million USD of funding, which roughly translates into INR 306 crore, in a round led by companies like Prosus, Accel, and Alpha Wave. What is new about Virgio is that it focuses on the use of technology throughout the design, manufacturing, and purchasing processes. Ensuring a smooth working structure in the fashion life-cycle. This, according to Mr. Nagaram, will allow buyers to have real-time access to runway fashion as well as give…