Info Edge-backed Edtech startup Udayy shuts down its operations

Gurgaon-based Udayy, an edtech startup focused on students from kindergarten to eighth grade, has decided to shut down its operations as it was unable to maintain sustainable growth in the hyper-competitive edtech market. Following this decision, the edtech startup has laid off its entire workforce. Saumya Yadav, one of the co-founders of Udayy, explains that the platform did not see a viable path toward business profitability with the lifting of COVID-19 norms. The increased number of children returning to school led to requests for refunds and difficulty in acquiring new customers…

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Highlights of India First Tech startup conclave & awards 2022 : Bengaluru chapter

The Indian startup ecosystem is entering a new era. The unicorn population has increased by leaps and bounds in the last year, driving our country to third position in the globe. The All India Council for robotics and automation is exploring the spread and depth of our startup ecosystem by organizing the Bengaluru chapter of the INDIA FIRST Tech startup conclave & awards this June. The conclave is a 2-day event that is being conducted on the 8th & 9th of June 2022. The event’s goal is to provide an…

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Arya.ag acquires agriculture data science startup Prakshep

Arya.ag, a grain commerce platform located in Noida, has acquired agriculture data science firm Prakshep for an unknown sum. Arya strengthens its position as India’s largest integrated grain commerce platform and expands its technological capabilities to provide end-to-end solutions to its users with this acquisition. Arya.ag secured $60 million in Series C financing from Asia Impact SA and returning investors Lightrock India and Quona Capital in January of this year. The purchase, according to the business, would assist to boost Arya’s aim of providing cutting-edge AI/ML capabilities to farm digitalization,…

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Ruraltech startup Hesa raises $2.3M in a pre-Series A round led by Venture Catalysts

Hesa, a rural tech startup located in Telangana, has secured $2.3 million (Rs 17.8 crore) in a pre-Series A fundraising round headed by Venture Catalysts, with participation from Venture Catalysts US Chapter, Faad, Inflection Point Ventures, WFC, and other significant angel investors. The firm, founded in 2019 by Vamsi Udayagiri and Hema Nandiraju, will utilize the funds received to grow its geographical reach, develop its technological platform, and extend its capabilities in agri-fintech and commerce. Hesa allows for many API interfaces to deliver online, round-the-clock services in major sectors such…

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SaaS startup Everstage raises $13M in a Series A round

Everstage, a software-as-a-service (SaaS) company based in Chennai and Delaware that offers a modern sales commission management platform, has raised $13 million in a Series A round headed by Elevation Capital and current investor 3one4 Capital. Everstage is a sales commission management platform that automates sales commission processes in companies to drive the performance of their customer executives. It was founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy. Everstage will use this amount of funding to extend its client services globally by growing its sales, engineering, and solutions teams….

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Ecom Express plans to convert 50% of its vehicle fleet to electric by 2025

Ecom Express, a tech-driven logistics company, wants to convert half of its fleet to electric by 2025. The business stated in a statement that it will deploy electric bikes in Jaipur and Hyderabad to complement its push into electric vehicles. Ecom Express has been operating an electric 3-wheeler fleet in the Delhi NCR for the past two years in the first-mile delivery sector, as well as successfully completing trials for the usage of e-bikes in the last-mile, according to the company. The company claims that the use of electric cars…

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EPNS raises $10.1 million funding led by Jump Crypto, Tiger Global and others

Ethereum Push Notification Service (EPNS) has raised $10.1 million (approximately Rs 76 crore) in a token round, with an average valuation of $131 million. According to CoinMarketCap, EPNS’ native virtual asset token Push had a fully diluted market capitalization of $128 million at the time of writing this article. The EPNS team plans to use the funds to expand the notification protocol beyond the Ethereum ecosystem, starting with the Polygon network, improve products, and grow its workforce from 30 to 60 people. Its goal is to reach a million users. Tiger…

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How StartUp Drive the Economy

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…

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