Start-Ups

Temp Holdings Co, a provider of comprehensive human resource services, announced today the launch of a corporate venture capital (CVC) fund for the Indian HR market. The Temp Innovation Fund, named after its parent company, will invest in and acquire disruptive HR startups in the recruitment and staffing industry. The fund will be launched in India by Temp Holdings, according to a statement issued here. Noting that the global staffing industry is worth USD 400 billion, with the US domestic market alone contributing USD 180 billion, Kamal Karanth, India representative…

Gobillion, a social commerce platform, raised $2.9 million in a seed round led by YC, Justin Mateen, and Pioneer Fund.Soma Capital, Goodwater Capital, Olive Tree Capital, Chris Golda Investments, Oliver Jung, Venture Souq, Shanti Mohan, and Vikas Choudhury were among the other investors in the round. The funds will be used to accelerate the company’s business expansion plans, launch new product categories, and strengthen its operations, product development, and technology teams. Gobillion, which was launched in 2020 by Roshan Farhan and Kulapradip Bharali, allows customers to buy in social groups…

Tzar Aerospace Research Labs, the brainchild of Priyam Mohanty, is a registered startup company known for providing modern and innovative aerospace solutions to commercial and civil customers. Tzar Aerospace’s primary business project is to design and develop a conceptual unmanned hypersonic research aircraft using novel computational approaches and methods. “It’s a matter of tremendous pleasure and great pride for us that we have successfully marked our presence in the field of the aerospace market. Our startup has been very successful in establishing the trust among its clients and because of…

NirogStreet, a technology-based Ayurveda doctor platform, has secured $4 million in a round headed by CE-Ventures and Crescent Enterprises and ICMG’s corporate venture capital platform. Gokul Rajaram, board member at Coinbase and Pinterest; Wavemaker partners; Anuj Srivastava, founder at Livspace; Rajeev Kannan, management executive officer at Sumitomo, Singapore; Suresh Vasudevan, CEO of Sysdig USA; Ramakant Sharma, cofounder of Livspace, Andy Hwang, ex-Google executive, Ashutosh Sinha, former CEO at Morgan Stanley, Dr. Kyohei Takano, a Founded in June 2016 by Ram N Kumar, the firm intends to use the funds to…

Razorpay, a payment gateway and neo banking platform for business owners, has raised $375 million in a Series F round led by Lone Pine Capital, Alkeon Capital, and TCV. This is the company’s second round of funding this year, following a $160 million Series F led by Singapore’s sovereign wealth fund GIC and Sequoia India in April. According to the company, the new financing has resulted in a valuation of $7.5 billion, up from $3 billion in the previous on Since its inception seven years ago, the fintech firm has…

Proptech focussed investor Gruhas Proptech plans to roll out a $150 Mn fund in the first quarter of financial year 2022-2023 that will invest in incubators and startups. A PTI report quoting Gruhas Proptech promoter Abhijeet Pai said that the startup is currently in talks with global investors for the same. The proptech focussed investment firm exploring opportunities in the Middle-East and African countries, Pai told PTI. “Because of the immense success of the current portfolio, and razor sharp focus on disruptive prop focus, Gruhas has strategic interest from large…

India’s new-age edtech companies, which grew rapidly during the first wave of the pandemic in 2020, are continuing to grow inorganically this year by quickly acquiring companies, fueled by an increase in remote learning and online education as a result of the ongoing pandemic scare and partial lockdowns. Byju’s, an edtech unicorn, announced the acquisition of Aakash Educational Services Ltd. on April 5. The cash-and-stock transaction was completed for nearly $1 billion, making it one of the most expensive transactions in India’s burgeoning edtech space. Think and Learn Pvt. Ltd.,…

Dhurina, a fast growing E-learning platform, just completed its second round of fundraising, raising USD 1.2 million from RVCF and other investors like LetsVenture, RBD Publication, India Accelerator, Precision Startup Advisory, and Pai Ventures. The company promises that the newly invested cash would be utilised for technology advancements, aggressive business growth, corporate expansion, and improving the product’s functioning for pupils. Within two years of its introduction, the firm has 2.5 million downloads and is aiming for $10 million in revenue by FY-23 with a user base of 10 million or…

S Chand, a New Delhi-based education content company, has agreed to buy a minority stake in iNeuron Intelligence Private Limited, a Bengaluru-based edtech startup. Mukesh Sharma Family Trust, S Chand Directors, S Chand Key Top Management, and others have also invested in the round. Mr. Mukesh Sharma, a co-investor, is a serial entrepreneur and educator who founded several companies, including QA InfoTech (now a Qualitest company), one of the leading software testing and quality assurance firms, according to a company release. Sudhanshu Kumar and Krish Nai founded iNeuron Intelligence in…

Jupitice, the world’s first JuTech company, has raised $4 million in a Pre-Series A round led by Almas Capital Limited. Jupitice, founded by Raman Aggarwal, has designed and developed the next-generation justice technology platform based on AI/ML and blockchain. The fund was raised by the Chandigarh-based company in just a few months after its launch. The funds will be used for product development and global marketing. Almas Capital, also known as Almascaps, is based in the Cayman Islands and manages its fund management company, Almas Global Opportunity Fund. Almascaps is…