Tuesday, May 21

Tag: startup

2018 Venture Capital Story of India
ANALYSIS

2018 Venture Capital Story of India

India, once most loved nation by Venture Capitalist around 2014 is now slowly shifting their interest from Indian startups. The recent data shows that the Venture capital investments in the country declined marginally to USD 26.3 billion in 2018, even though there was a surge in number of deals. Investments by venture capital and private equity funds in the country declined in 2018 from USD 26.8 billion in the previous year, the report by consultancy firm Bain & Company said. However, the number of transactions surged to 793 in 2018 as compared to 700 in the year-ago period, it said. The 'dry-powder' (liquidity) available with investors focused on the country has declined to USD 11.1 billion at the end of 2018 from USD 11.7 billion in the year-ago period, but it is "more ...
Harsha Bhogle invests in FinTech Startup ChqBook.com
FUNDING

Harsha Bhogle invests in FinTech Startup ChqBook.com

Delhi, 29th April 2019: One of the most renowned names from the cricketing world, Harsha Bhogle, comes on board as an investor at ChqBook.com, India's largest curated market place for personalized financial services. Harsha has invested an undisclosed amount in the Gurgaon based startup that allows customers to explore, compare and buy personal finance products such as personal loans, home loans and credit cards. Over his career of 30 years, Harsha has delivered an unbiased and honest view of the sport. An IIM Ahmedabad alumnus, his management background has helped him integrate his learning from the field and life in a winning combination. Speaking about his association with ChqBook, Bhogle says, “ChqBook is on a mission to make India financially fitter. With 40% of the popula...
Global Startup revolution in 2019 – A report by InstaRem
Story

Global Startup revolution in 2019 – A report by InstaRem

InstaReM explores some of the most surprising facts and stats about the global startup ecosystem and the disruptive revolution it has brought into the business world. Singapore, 24 April 2019- Before we start, A startup in simple terms is a company in its early stages of business development. So let us find out the world’s most valued startup, countries with the highest number of startups, wacky ideas that made millions and more As you can see in the photo below from InstaReM’s Master Infographic on Global Startups, the United States of America leads the world in terms of the number of startups, followed by India and the United Kingdom securing the second and third ranks respectively (Source: CB Insights Data). The United States also leads in the highest number of Unicorns’ (Pri...
Netcore Acquires Quinto.ai, an AI Chatbot Start-up
ACQUISITION

Netcore Acquires Quinto.ai, an AI Chatbot Start-up

Netcore Solutions, a Global Marketing technology company, has acquired Quinto.ai, an AI chatbot start-up. With the IP and talent acquisition, Netcore gets access to Quinto's conversational AI-powered chatbot engine and its employees. Quinto's co-founder Hrishikesh Rajpathak also joins Netcore as Chief Data Scientist and will lead its Machine Learning and Conversation Analytics initiatives. Hrishikesh comes with over 12 years of experience in Machine Learning, Deep Learning and Natural Language Processing(NLP) technologies. He has worked with multiple international clients in life sciences and BFSI domain as an AI consultant. He co-founded Quinto 4 years back as a food recommendation platform which later pivoted to a conversational AI platform. Quinto enables businesses to a...
Box8 Raises $15 Mn from eWTP Ecosystem Fund & Others
FUNDING

Box8 Raises $15 Mn from eWTP Ecosystem Fund & Others

Box8, one of India’s largest cloud kitchen startups has raised $15 million led by eWTP Ecosystem Fund. Existing investors Mayfield and IIFL Seed Ventures fund have also participated in this round. Started by two IIT graduates Amit Raj and Anshul Gupta, Box8 is a technology first, full stack cloud kitchen company that is known for its All-in-1 meals, Desi Boxes & more. They own the entire value chain, from procurement of high-quality ingredients to food preparation to the last mile delivery, hence ensuring superior customer experience every time. Box8 has a presence in 4 cities: Mumbai, Bangalore, Pune and NCR delivering over 1 million meals every month from the company-owned 110+ cloud kitchens. Its network of cloud kitchens negates the high rental & operations costs incurre...
Inito becomes the First Medical Device Startup from India to Secure Funding from Y Combinator
FUNDING

Inito becomes the First Medical Device Startup from India to Secure Funding from Y Combinator

New Delhi: Inito, a Bangalore based medical technology startup, has been selected by Y Combinator in their Winter ’19 Cohort. By doing so, it becomes the first Indian medical device startup to be supported by Silicon Valley based Y Combinator. The Silicon Valley based startup incubator boasts of a portfolio of well-known startups like AirBnB, Reddit, Quora and Dropbox etc. Inito’s flagship innovation is a small device that enables smartphones to perform lab-grade fertility diagnostic tests at home. The device is based on the company’s patent-pending ‘Flat-lens’ technology and comes with the Inito Reader, App and test strips. Right now, Inito’s Monitor measures two fertility hormones, Estrogen & Luteinizing Hormone (LH), in urine and enables women to track their fertile days at hom...
Autonomous Truck Startup Ike Raises $52 Million
FUNDING

Autonomous Truck Startup Ike Raises $52 Million

Ike, the autonomous trucking startup has raised $52 million in a Series A funding round led by Bain Capital Ventures, Redpoint Ventures, Fontinalis Partners, Basis Set Ventures, and Neo. The news was published by Ike team on its blog. The autonomous trucking startup founded by veterans of Apple, Google, and Uber Advanced Technologies Group’s self-driving truck program. The funding will use to increase the team and technology to scale the product. Founded by Jur van den Berg, Nancy Sun, and Alden Woodrow, Ike has created, puts us on the path to building a safe and reliable self-driving trucking system at scale. Trucking has never been at a more critical moment. A shortage of drivers, new regulations, growing accident rates, the rise of e-commerce  these issues are rapidl...
India Gets its Biggest Startup Incubator in Kerala
INDIA

India Gets its Biggest Startup Incubator in Kerala

India got its largest startup ecosystem Sunday when Kerala Chief Minister Pinarayi Vijayan inaugurated here a 1.8-lakh-square-feet facility housing incubation set-ups across a string of segments in modern technology. The Integrated Startup Complex under the Kerala Startup Mission (KSUM) includes the ultra modern facilities of Maker Village that promotes hardware startups, the BioNest that promotes medical technologies, BRINC which is the country’s first international accelerator for hardware startups; BRIC which aids developing solutions for cancer diagnosis and care, and a Centre of Excellence set up by industry majors such as UNITY. Overall the Kerala Government is working for the state to have a total area of 2.3 crore sq ft of IT space (up from 1.3 crore sq ft last year). The o...
China’s AI Startup is Helping 280 Hospitals Worldwide Detect Cancers from Images
CHINA

China’s AI Startup is Helping 280 Hospitals Worldwide Detect Cancers from Images

Beijing-based AI startup Infervision is among a handful of AI companies around the world racing to improve medical imaging analysis through deep learning, the same technology that powers face recognition and autonomous driving. The startup, which has to date raised $70 million from leading investors like Sequoia Capital China, began by picking out cancerous lung cells, a prevalent cause of death in China. At the Radiological Society of North America’s annual conference in Chicago this week, the three-year-old company announced extending its computer vision prowess to other chest-related conditions like cardiac calcification. “By adding more scenarios under which our AI works, we are able to offer more help to doctors,” Chen Kuan, founder and chief executive officer of Infervision state...
Tata Trusts & Social Alpha Launch Fellowship Programme for Entrepreneurs
News

Tata Trusts & Social Alpha Launch Fellowship Programme for Entrepreneurs

Tata Trusts and Social Alpha have launched a 12-month fellowship programme for entrepreneurs who are aiming to create impactful and successful ventures with their innovative and unique ideas. The first group of up to eight entrepreneurs, under the Social Alpha Entrepreneurs for Impact (E4i) programme, will be selected to solve problems in areas such as water, sanitation, health, agriculture, energy and environment. All throughout, Social Alpha will provide support to the E4i finalists through a network of experts from public and private sectors, non-profit entities and foundations. Established in 2016, Social Alpha is a joint initiative of Tata Trusts and the Department of Science and Technology, Government of India. "It's a 12-month programme that equips passionate entrepreneur-i...
Petcare Startup Captain Zack Secures $1.5 million Funds
FUNDING

Petcare Startup Captain Zack Secures $1.5 million Funds

A pet care grooming startup called Captain Zack has raised an amount of $1.5 million in Pre-Series A round. The particular funding round was led by industrialists Kushal Desai and Chaitanya Desai through their family office. The company is owned by EM Personal Care and is based out of Mumbai. It is planning to use the funds raised in this round in marketing and brand awareness.  Along with this, backers like Naval Bir Kumar – erstwhile head at IDFC Asset Management & Standard Chartered Asset Management, Sunil Agarwal, owner - entrepreneur at Joy Cosmetics and experienced investment banker Ketan Shah, who manages Panini Advisors LLP also participated in this round. Mohit Lalvani, MD & Founder of EM Personal Care stated that this industry currently is not so popular in India...
Korean Razor Giant Dorco Acquires 10% of LetsShave
ACQUISITION

Korean Razor Giant Dorco Acquires 10% of LetsShave

Korean razor giant Dorco Ltd picks up 10% stake in an Indian startup LetsShave in Series –A funding. The deal is significant investment for the ecosystem as this is for the first time that global giant has invested in an Indian men’s and women’s grooming product range startup. Founded in 2015, LetsShave claims to have more than 4,50,000 customers base and has been growing at 45% YoY ever since. The startup began with about four products and is now selling 22 products and plans to expand to 40 products in the near future. They have a very strong supply chain that delivers almost everywhere in India. LetsShave claims to have a high repeat rate of customers. In recent years, Indian FMCG companies picked up stakes in grooming & cosmetic startups. In 2017, Marico acquired 45% stake...