Start-Ups

Spyne, a deep-tech Software-as-a-Service (SaaS) company, has secured $7 million in a round headed by US venture capital firm Accel, with existing investors Storm Ventures, Smile Group, Pentathlon Ventures, and Core91 also participating. Spyne intends to utilise the funds to hire more people, expand globally, especially in the United States, and establish a computer vision lab for more in-depth research and development (R&D). “We are looking to build a strong deep-tech computer vision team and for our new computer vision lab, we will be hiring from IITs and other institutions,”…

Ultrahuman, a health-tech business, revealed on Tuesday that it has acquired LazyCo, a consumer-focused wearables company, for an unknown sum. To improve the user experience and raise metabolic health standards around the world, LazyCo will collaborate with Ultrahuman’s global in-house hardware development team. Ultrahuman, based in Bengaluru, will employ the LazyCo team’s expertise to give consumers with more detailed metabolic information and better overall health information. Ultrahuman’s wearable technology, founded by Mohit Kumar and Vatsal Singhal, helps people optimise their activity and nutrition based on glucose indicators. Kumar and Singhal…

Bengaluru-based fintech startup, iTribe has raised $1 million in a funding round from investors such as Eximius Ventures, Kunal Shah (Cred), Incisive Ventures, and several angel investors. The Cred leadership team (Harish, Swami, Sreeni, Ketan), Pearl Agarwal (Eximius Ventures), and angel investors such as Aravind Sanka, Pavan Guntupalli, and Rishikesh SR (founders of Rapido), Reeju Datta (founder of Cashfree), Gaurav Dahake (founder of Cashfree) took part in the investment round (founder of BitBns). According to a prepared corporate statement, iTribe wants to use the funding to develop new technology solutions…

Phablecare, a chronic disease management firm, announced on Monday that it has secured 187 crore in a funding round headed by Kalaari Capital, with Aflac Ventures, Digital Horizon, and Stride Ventures joining current backers Omron Ventures, SOSV, Social Starts, and Fresco Capital as well. The funds will be used to establish a chronic care ecosystem, market expansion, and customer acquisition, according to the company. The additional monies will be used to develop other revenue streams as well. The company stated that it is considering purchasing other competitors in the market…

The board of ANI Technologies, the parent company of ride-hailing business Ola, has authorised the acquisition of Avail Finance. They stated that the deal’s formal documentation was in the works. According to sources, Avail Finance cofounder Ankush Aggarwal has informed some of the company’s investors about the deal’s development informally. According to a source familiar with the situation, Aggarwal is anticipated to manage the business of Ola Financial Services, the ride-hailing company’s fintech subsidiary. Bhavish Aggarwal, the cofounder and CEO of Ola, has a brother named Ankush Aggarwal. On March…

Twitter’s CEO announced last week that billionaire Elon Musk would join the company’s board of directors. In the week since then, Parag Agrawal has stated that Musk does not want to be a member of Twitter’s board of directors, but will continue to play an important role in the company’s development. In a recent tweet, Agrawal stated, “Elon is our largest shareholder, and we will stay open to his feedback.” “Elon Musk has decided not to join our board. Here’s what I can share about what happened. The Board and…

Despite an approaching downturn in the record-breaking pace of investment, which is expected to lead to cost-cutting and layoffs at several renowned businesses such as Unacademy, Trell, and Lido Learning, founders, recruiting experts, and consultants say startups will continue to be attractive to job seekers. According to industry insiders, astronomical raises to recruit talent will likely see a correction in the next quarters, but the sector will continue to attract professionals for its wealth generating potential, intellectual stimulation, and as a learning ground for prospective entrepreneurs. “In the coming months,…

Rocketlane, a Chennai-based software-as-a-service startup, said customer onboarding is becoming increasingly important for B2B companies selling to large customers, for whom a good onboarding experience is proving to be a boon in fast-paced growth environments, according to cofounder and CEO Srikrishnan Ganesan. Ganesan told that companies have begun investing in customer onboarding even before they invest in traditional customer success software. “This is a good indicator for us that this space is emerging fast and the budget is getting created.” Rocketlane is also seeing brisk registrations for an onboarding-focussed event,…

Karbon Card, a corporate card provider and developing Neobank for new-age start-ups and small and medium enterprises (SMBs), has launched Payout, a tool that will make vendor and salary payments easier and faster. Simple Maker Checker, Bulk Payout, Advanced Notification, and the ability to email payment links to recipients are just a few of the features of the new Payout product. In addition, the finance team will have access to all cards and vendor payments through a single platform. In fact, many Karbon clients have already begun to use Payout…