Chargebee, a subscription management platform, announced on Thursday the acquisition of Numbers, a collections management platform, and the launch of Chargebee Receivables. The acquisition follows the recent additions of Brightback and RevLock to Chargebee, as well as a new round of funding led by Sequoia and Tiger Global, indicating rapid product and talent growth for Chargebee, a rapidly growing global startup. Subscription businesses will now be able to automate their entire receivables process from purchase to payment, as well as manage subscription products and invoices, according to the company, resulting…
Read MoreCategory: Start-Ups
Edtech startup Bhanzu raises $2 Mn in seed round
Bhanzu, an edtech startup, has raised $2 million (approximately Rs 15 crore) in a seed round led by Lightspeed Venture Partners. Maninder Gulati (Global Chief Strategy Officer at OYO), Gaurav Munjal (CEO of Unacademy), and Kunal Shah (CEO of Cred) were among those who took part in the round. The Hyderabad-based startup intends to use the new funds to expand its live classes across the United States, Canada, the United Kingdom, and the Middle East, as well as to increase hiring in tech and product operations. Bhanzu, founded in 2020…
Read MoreSoftware firm Hasura turns unicorn, raises $100 million
Hasura, a software company that speeds up web app development, announced that it has raised $100 million from Greenoaks Capital at a valuation of a billion dollars, demonstrating investor interest in pure software startups that burn less money and have a large market as the world becomes more digital. Hasura, founded by Tanmai Gopal and Rajoshi Ghosh in 2017, reduces the time and expertise required to create GraphQL APIs for data access. GraphQL is a query language that was created by Facebook and is open-source. It makes APIs — software…
Read MoreElevation Capital-backed agritech startup Vegrow creates ESOPs pool
Vegrow, a fresh farm produce supply chain business, has created a new Employee Stock Ownership Plan (ESOP) pool worth Rs 26 crore ($3.5 million). This arises as many early and growth-stage companies create and extend their ESOP pools, as well as buy back shares from employees. According to the company’s regulatory filings with the MCA, Vegrow has approved a special resolution to adopt an ESOPs Plan with 16,308 options, each option exercisable into one equity share of the company. The newly accepted ESOP pool is valued at about Rs 26…
Read MoreCyber security startup Com Olho raises Rs 1.8 crore in a Seed round
Inflection Point Ventures led a Rs 1.8 million seed fundraising round for Com Olho, a Gurugram-based cyber security and IP-driven analytics startup. IPV is a Gurugram-based angel investment organisation that has made 111 investments worth Rs 358 crore. The funds will be used to hire talent, improve the tech stack, and aggressive market penetration in India and other emerging economies. Com Olho, founded in 2019 by Abhinav Bangia, assists CXOs in understanding behavioural anomalies in their customer data and qualitatively auditing their digital media spends and digital brand presence in…
Read MoreMeet the winner : Best Start-up Initiative in Robotics Sector award at IFTSCA 2022
Orangewood Research and Advancement Private Limited, a start-up that has always endeavored to democratize robotics to build Industry 4.0 are creating waves by bagging the Best Start-up Initiative in Robotics Sector award at India First tech startup conclave & awards 2022, Delhi chapter. The company has received huge appreciation for its innovative approach in solving the two biggest challenges in the robot manufacturing industry, complexity and cost. The company has the vision to make robots accessible to businesses of all sizes. The startup says, “We are building collaborative robots, or…
Read MoreDr Jitendra Singh on India emerging as world’s preferred startup destination
India first tech startup conclave & awards, India’s biggest tech startup event organized by all India council for robotics and automation, got off to a rousing start on February 17th with an inspiring inaugural address by Dr Jitendra Singh, Hon’ble Minister of State (I/C), Minister of S&T & ES, Govt. of India. He said the robust ecosystem of Startups will play a critical role in ensuring that India achieves its goal of a $5 trillion economy by 2025. “India is emerging as world’s preferred Start-Up destination due to its vast…
Read MoreKarnataka schemes for startups to grow and thrive
Extolling the startup initiatives of Karnataka Dr C N Ashwath Narayan, Deputy Chief Minister of Karnataka and Minister for Higher & Medical Education, IT & BT, Science & Technology inspired the audience at India first tech startup conclave & awards 2022, Delhi chapter. The minister stated that Karnataka state is the most ideal place for startup innovations and entrepreneurship. “The government of Karnataka, consistently come out with many schemes, programs and policies relevant to the time and situation. We have been very well connected with the industry and we work…
Read MoreGovernment schemes to build thriving startup ecosystem
India is making progress toward its goal of creating a thriving startup ecosystem. To encourage and support startup owners, the government has launched various schemes over the past few years. Startup India initiative intends to build a strong ecosystem that is conducive for the growth of startups. It aims to empower startups to achieve growth through innovation and technology. To promote growth and help the Indian economy, many benefits are being given to entrepreneurs establishing startups. SAMRIDH Scheme Ashwini Vaishnaw, Minister of Electronics Information and Technology (MeitY) launched the SAMRIDH…
Read MoreReady, Set, Pitch : Investors guidance to startups
Startup investors aren’t benevolent angels; they’re searching for certain cues to persuade them to part with their money. There are certain factors that startup founders need to be prepared for when trying to raise investments for their company. Startup owners are continuously looking for the right connections, be it the right networking contact or a credible person who can introduce them to the right investor. However, End of the day, it’s not about who you know but more about what you’ve got…!!! One harsh reality is there is no shortcut…
Read More