In a move that promises to reshape the future of deep-tech innovation, Applied Ventures, the venture capital arm of Applied Materials, has chosen six dynamic startups for its prestigious Applied Startup Technology & Research Accelerator (ASTRA) program. This is the fifth edition of the accelerator, designed to fast-track the development of pioneering technologies that could revolutionize…
In a major boost to innovation in both urban infrastructure and electric vehicle (EV) mobility, two promising startups, Nayan Tech and ZEVO, have raised a total of $4 million in funding. Nayan Tech, an AI-based company transforming smart city solutions, has secured $2 million to expand its operations and take its technology global. Meanwhile, ZEVO, a tech-enabled EV mobility platform, has raised…
Space exploration is no longer just about launching rockets—it’s about creating cutting-edge technology that makes space more accessible. XDLINX Space Labs, a young but ambitious space startup, has raised $7 million in seed funding to help make this vision a reality. With backing from prominent investors like Ashish Kacholia of Lucky Investments and firms like E2MC and Mana Ventures, XDLINX is…
Lenskart, India’s leading omnichannel eyewear retailer, has posted a 43% growth in revenue for the fiscal year 2024, reaching Rs 5,427 crore, but it faced a slower pace of growth compared to the previous year. Despite its continued success in terms of revenue, the company reported a small loss of Rs 10 crore, showing its careful efforts to balance growth and cost management.
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In a major move to expand its investment capabilities, Inflexor Ventures, an early-stage venture capital (VC) firm, has announced the first close of its new Opportunities Fund, with an impressive Rs 280 crore raised so far. The firm is aiming for a targeted fund size of Rs 350 crore, and with this initial closing, they are well on their way to achieving that goal.
With strong backing from various…
In a major development for the fintech and SME export sectors, MODIFI, a tech-driven financial solutions startup, has successfully raised $15 million in a new funding round. The investment, led by the SMBC Asia Rising Fund, marks a significant step in MODIFI’s mission to support small and medium-sized enterprises (SMEs) across Asia with innovative cross-border financing solutions.
This strategic…
In a bold move to disrupt the traditional home financing sector, Easy Home Finance, a leading lending tech startup, has raised a whopping $35 million in its Series B funding round. The round was co-led by Claypond Capital, the investment office of Manipal Group’s Ranjan Pai, and Sumitomo Mitsui’s Asia Rising Fund, with support from existing investors including Xponentia Capital, Finsight…
In a major move that signals the growing potential of India’s spacetech industry, Ajay Kumar’s MountTech Growth Fund is set to become a key investor in GalaxEye, a Bengaluru-based spacetech startup. This is the first investment by MountTech since it launched earlier this year, and it’s already making waves in the aerospace and defence sectors.
GalaxEye, which provides satellite-based imaging…
Swiggy, India’s popular food and grocery delivery platform, is making major moves as it prepares for its highly anticipated Initial Public Offering (IPO). The company has successfully raised ₹5,085 crore (around $600 million) from more than 75 anchor investors. This marks a key milestone ahead of the official IPO launch, set to happen soon. Here’s everything you need to know about Swiggy’s…
Innovartan Learning Solutions, a new and innovative edtech startup from Noida, has successfully raised Rs 5 crore in its pre-seed funding round. This funding round was co-led by Gokul Rajaram and Amit Singhal, two prominent investors in the tech and education space. The capital will be used to advance Innovartan’s mission to bridge the gap between school education and competitive exam…
