Start-Ups

Your-Space, a student housing startup, has raised $10 million (roughly Rs 75 crore) from a group of investors for business expansion and growth. Your-Space said in a statement that the amount was raised in Series-A funding through a combination of pure equity and convertible debentures. Personal investments from Shantanu Rastogi (General Atlantic) and Ajay Gupta’s (Capital Foods) family offices AJAX Capital and Holy Basil Consultancy led the funding round. Manish Choksi’s (vice chairman of Asian Paints) family office, Sunidhi Group’s family office, and Sanjaya Gupta (former MD & CEO of…

Verve Financial Services’ compliance and regulatory service provider IndiaFilings.com announced on Monday that it has completed a $4.3 million secondary sale, bringing on board BeeNext, Udtara, and angels. The promoters and early angels of the bootstrapped company sold some of their shares to the incoming investors. IndiaFilings, founded in 2014, offers over 200 services to small businesses to help them stay compliant and manage their regulatory requirements. To provide regulatory and accounting services at scale, the company leverages its in-house technology stack. The company is profitable and has a revenue…

DeHaat, an agritech firm, announced on Monday that it has acquired Helicrofter, an agri-input marketplace startup, in order to expand its presence in Maharashtra and other parts of West India. The deal’s value was not disclosed by the company. DeHaat, founded in 2012 and based in Gurugram (Haryana) and Patna (Bihar), is a technology-based platform that provides farmers with end-to-end agricultural services. Amrendra Singh, Shyam Sundar, Adarsh Srivastav, and Shashank Kumar, all IIT, IIM, and NIT alumni, founded it. DeHaat CEO Shashank Kumar stated that with the integration of Helicrofter,…

Karnataka received 14 of the 46 national startup awards announced and distributed by the central government on Saturday, the most of any state. The Centre received 459 nominations from startups across the state. There were 2,177 applications from across the country in a variety of sub-sectors. Chief minister Basavaraj Bommai stated that Prime Minister Narendra Modi has been a significant supporter of the sector, and that his government’s goal is to replicate Bengaluru’s success in the startup ecosystem in other districts. Tinkerbell, Steradian, and Tagbox are among the 14 national…

Dozee, a health-tech startup that provides remote monitoring solutions, has raised Rs 71.3 crore ($10 million) in a new round led by Gokul Rajaram. In July of last year, the company raised $6 million in a Series A round led by existing investor Prime Venture Partners. According to its regulatory filing with RoC, Dozee has approved the allotment of 9,599 Series A1 preference shares and one equity share at an issue price of Rs 74,220 per share to raise Rs 71.3 crore in what appears to be an extended Series…

Commerce and Industry Minister Piyush Goyal on Friday urged global venture capital funds to focus more on startups in the country’s tier 2 and 3 cities and explore new investment sectors. The minister, who was chairing a roundtable with global venture capital (VC) funds, stated that the government has already taken a number of steps to support startups and will continue to do so in the future. Goyal invited venture capital funds to explore new investment sectors, promote and protect intellectual property created by young Indian entrepreneurs, provide expertise to…

INDIAFirst Tech Start-up series is an upcoming event of AICRA to encourage technology startups and AICRA members to work together and create partnerships that are beneficial to both the stakeholders and this event will be taking place at Hotel Le-Meridian, New Delhi on 17th-18th Feb 2022. It is a great opportunity for the new startups to get a platform where they can meet many great leaders , industry experts and get to know how to build your business effectively and efficiently. This conclave brings together various innovators, venture capitalists, government…

For anyone to grow, it requires a perfect place and environment, Things can be changed in a few seconds it just takes courage and risk to be taken by an individual. Today, with Stand-Up India moto Startups have taken a boom to grow as somebody’s passion or somebody’s need or somebody’s desire. AICRA as established in 2014 continuously tries to devote itself to the growth of Individuals by providing various courses and organizing events to provide a place to be explored by people for their sake. This year AICRA decided…

Traya, a holistic hair care platform, has raised $2.2 million (Rs 16 crore) in a new funding round with the goal of changing the hair care industry by providing a holistic solution to manage hair loss. The new pre-Series A round was led by Fireside Ventures and existing investors Kae Capital and Whiteboard Capital. Traya claims that the funds raised will aid the company’s research and development (R&D), acquisition of talent, development of cutting-edge technology to personalise the hair growth experience, and expansion of brand presence. Kannan Sitaram, Partner at…

Startups create new markets or completely transform old markets by introducing products that can change the world. Giants of today such as Apple, Facebook, and Google were once small but ambitious startups. New technologies often create new opportunities that startups take advantage of. Startups then create a massive value over mature businesses, inspiring competition and disrupting the economy to evolve. When it comes to startups, a general perception is that it needs to be in a developed country where all the resources are available. In reality, startups can begin functioning…