AI-powered legal-tech startup Amikus AI said it has raised over Rs 96 lakh in a Pre-Seed funding round The funds raised will be utilized to expand the product team, including employing more front-end, back-end, and machine-learning developers. AI-powered legal-tech startup Amikus AI said it has raised over Rs 96 lakh in a Pre-Seed funding round led by Inflection Point Ventures (IPV), a Gurugram-based angel investment firm. According to the startup, The funds raised will be utilized to expand the product team, including employing more front-end, back-end, and machine-learning developers. Founded…
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Ed-tech startup Vedantu fires 385 more employees, sacks over 1000 in 2022
Vedantu has reportedly laid off 385 employees. Vedantu is conducting fourth round of layoffs this year. Vedantu’s current workforce stands at slightly over 3300. The Indian ed-tech startup picture is currently facing challenges, with layoffs occurring on a regular basis. The most recent one comes from Vedantu, a well-known educational technology company. According to reports, the company has laid off 385 employees, or slightly more than 11% of its workforce, in the fourth round of layoffs this year. This brings the total number of layoffs at the ed-tech firm this…
Read MoreHealthKart raises $135M in a funding round led by Temasek
Health tech startup HealthKart has raised $135 million in a funding round led by Temasek, along with the participation from A91 Partners and Kae Capital. According to HealthKart, the raised capital will be used to build its direct-to-consumer (D2C) brands, increase its offline distribution, expand international operations, and acquisitions. Last fortnight, the startup raised $65 million in a funding round from Temasek with the participation of A91 Partners, according to its regulatory filings. Founded in 2011 by Sameer Maheshwari and Prashant Tandon, Healthkart offers a variety of fitness products and…
Read MoreSimplilearn acquires New York-based Fullstack Academy
Simplilearn acquired US based bootcamp education company Fullstack Academy. The value of the transaction was not disclosed by the company. Simplilearn, an upskilling edtech platform, has acquired Fullstack Academy, a US-based bootcamp education company, as it seeks to expand in North America. The value of the transaction was not disclosed by the company. Simplilearn acquired Fullstack from publicly traded US edtech Zovio Inc, which has been attempting to dissolve the company for several months. In a filing to the US Securities and Exchange Commission (SEC) in September, Zovio stated that…
Read MoreFood-agric business Fresh From Farm raises over Rs 3.2Cr led by Inflection Point Ventures
Food agribusiness startup Fresh From Farm has raised over Rs 3.2 crore in a seed funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm. The startup plans to use the raised capital for team building, inventory management, capital expenditure, Research & Development (R&D) and branding. Fresh From Farm, a food agribusiness startup, has raised over Rs 3.2 crore in a seed funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm. Fresh From Farm is a demand-and-data-driven aggregation ecosystem that detects retailer demand trends…
Read MoreInfosys wins digitization deal from battery maker Envision AESC
The Bengaluru-based IT services company did not disclose the size or the tenure of the said deal. the cloud-based platform developed is aimed to improve productivity and simplify quality monitoring through data-driven reporting and analytics tools, according to a press release. Infosys has partnered with battery technology company Envision AESC to help develop a cloud-based platform to digitize and automate manual processes at the latter’s EV battery manufacturing plants. The deal’s size or duration was not disclosed by the Bengaluru-based company. According to a statement, the cloud-based platform developed in…
Read MoreShiprocket partners with Klub to unlock embedded financing solutions for merchants
Bengaluru-based Klub, a revenue-based financing platform, announced it has partnered with Shiprocket, an e-commerce enablement platform. Through this partnership, Merchants on the Shiprocket platform will get access to a cohort of capital products that Klub offers, which can go up to Rs 30 crore for a tenure of up to 24 months for brands across every stage of growth, the company said. So far, Shiprocket, which recently became the first inter-city logistics provider to join the ONDC network, has enabled sellers to reach more than 24000 pin codes across India….
Read MoreDrone delivery startup Skye Air Mobility raises $1.7M led by Chiratae Ventures
Drone delivery technology startup Skye Air Mobility has raised $1.7 million. Skye Air Mobility currently has a presence in 8 cities where it is working with clients like Flipkart, Dunzo, Swiggy. New Delhi-based drone delivery technology startup Skye Air Mobility has raised $1.7 million in a seed funding round led by Chiratae Ventures, along with the participation from Lead Angels, O2 Angels, Agility Ventures, and Lets Venture. Marquee angel investors, including Rajeev Chitrabhanu, Ankit Nagori, Varun Alagh, Gautam Badalia, and Ayush Lohia, among others, also participated. Skye Air Mobility currently…
Read MoreIoT tech startup Spintly raises $2.5M in a pre-Series A round led by LetsVenture
SaaS-based startup Spintly has raised $2.5 million in a pre-Series A funding round. The round also saw participation from notable angel investors and groups. SaaS-based physical access control and smart buildings startup Spintly has raised $2.5 million in a pre-Series A funding round led by LetsVenture, Accel Nest, SucSEED Indovation, RiSo Capital, Defang Technology, 91 Ventures, Kyto Technology and Life. The round also saw participation from notable angel investors and groups, including Dheeraj Pandey, Co-founder and CEO of DevRev, and former Founder and CEO of Nutanix. Founded in 2018 by Rohin…
Read MoreUdaan, The Fastest Growing Indian Startup Achieve Unicorn Status
Indian startup Udaan achieves unicorn status. daan is a B2B trade platform in India that connects small and medium-sized businesses, traders, wholesalers, retailers, and manufacturers. Udaan, India’s fastest-growing startup, has achieved unicorn status. Udaan is a B2B trade platform in India that connects small and medium-sized businesses, traders, wholesalers, retailers, and manufacturers on a single platform, disrupting offline distribution with its innovative B2B model. Udaan assists users in discovering and connecting groups of consumers, suppliers, and services in order to get the best deal. The system also facilitates online transactions…
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