Start-Ups

India has witnessed several number of unicorn startups this year, thanks to a record-breaking round of funding for Indian entrepreneurs across all industries. Already, 40 Indian startups have joined the unicorn club. Over $38.4 billion has been raised as of December 4th, with many rounds expected to produce Indian unicorns in 2021. Here are top 5 startups made into the prestigious club Digit Insurance+-  Digit Insurance, a Bengaluru-based insurtech startup, was the first to join the Indian unicorn club in 2021. In January, the company secured $18 million (INR 135…

90+ My Tuition app to hire 3000 people in FY 2023 The App has witnessed a rise in its user base recently. 90+ edtech startup to support its growth and expansion plans within India, My Tuition App said on Monday that it will hire more than 3,000 people across the country the first quarter of 2022-23. The start-up said in a statement that with the debut of the 13 State Education Boards and CBSE curriculum on its app, it has seen a jump in its user base. The recruitment will…

BharatX, a fintech platform, has raised $250k in a pre-seed round sponsored by Java Capital and LetsVenture. Anupam Mittal, Ritesh Jain, Faiz Mayalakkara, and Amit Kumar Singh were among the angels who took part in the round. The company was also a member of the 2021 Lightspeed Extreme Entrepreneurs Cohort. BharatX, founded in 2019 by Mehul Nath Jindal, Eeshan Sharma, Shyam Murugan, and Siddharth Venu, is a white label provider of embedded credit experiences on consumer facing platforms in India. With BharatX technology, the company also offers pay later for…

Spinny recently became a Unicorn with the closing of a $283 million Series-E round of funding The company said it has chosen to work with the universal role model who stands for performance, resilience, and continuous improvement. Former indian cricketer Sachin Tendulkar has joined Spinny, a pre-owned automobile retailing platform, as a strategic investor and lead brand endorser, the startup announced on Tuesday. However, Tendulkar’s investment in the company  was not disclosed by Spinny. Spinny has become a Unicorn after closing a $283 million Series-E round of fundraising, bringing the platform’s…

As India’s e-grocery market grows, Walmart-owned Flipkart announced on Monday that it will invest $145 million in agritech startup Ninjacart, which has helped over 1,00,000 farmers in 150 areas increase their revenue. The third round of financing will empower millions of agri-value chain participants, including farmers, resellers, retailers, consumers, and supply chain participants. According to the company, the third round of financing will empower millions of agri-value chain participants, including farmers, resellers, retailers, consumers, and supply chain participants. Over the last two years, Ninjacart has made major investments in technology…

kindlife.in, an online marketplace for new age beauty and wellness products revealed that it has acquired funds in its seed round from Kalaari Capital and other famous angel investors on 13th December. The amount of capital raised in this round of funding was not disclosed by the startup, which was created by internet entrepreneur Radhika Ghai. According to a press release from kindlife.in, the financing was led by Kalaari Capital as part of their “CXXO initiative.” The goal of the project is to level the playing field for Indian female founder-CEOs….

Pickr is an AI enabled and cloud based platform. Pickrr will use the investment to continue its market expansion and product development Pickrr Technologies, a logistics tech startup, announced on Tuesday that it has raised $4 million (about Rs 29.4 crore) in funding from Guild Capital and Omidyar Network India. Pickrr’s first institutional fundraising comes after the company was bootstrapped by its founders with the help of angel investors, according to a statement. Pickrr plans to utilise the funds to expand its market and develop new products, according to the company. Dexter…

The ‘innovation week’ event will assist startups in gaining market access and securing capital investment. The Centre will host a first-of-its-kind innovation week to promote India’s startup ecosystem in january 2022. The Department for Promotion of Industry and Internal Trade (DPIIT) is hosting the event as part of the ‘Azadi ka Amrit Mahotsav,’ which honors India’s innovation ecosystem. It will also be the 6th anniversary of the start of the ‘Startup India’ project. The goal of the innovation week is to bring together India’s top startups, entrepreneurs, investors, policymakers, and…

The rebranding indicates its focus on quick commerce space.  The rebranding comes months after the Albinder Dhindsa-led company launched an initiative to deliver groceries in 10 minutes Grofers, an online grocery startup, has changed its name to Blinkit to emphasize its focus on India’s fast-growing quick commerce market. “We learnt a lot as Grofers, and all our learnings, our team, and our infrastructure is being repurposed to pivot to something with staggering product-market fit — quick commerce, the company said in a blogpost Monday. “Today, we are surging ahead as…