Bengaluru-based direct-to-consumer (D2C) startup BoldFit, backed by Indian cricketer KL Rahul, is reportedly in advanced negotiations to secure $12-15 million (approximately INR 100-120 crore) in its largest institutional funding round to date. Sources familiar with the discussions have revealed that Bessemer Venture Partners, a prominent venture capital firm with a track record of investing in…
In the latest development in India’s bustling IPO market, coworking space provider IndiQube is gearing up for a significant public listing. The Bengaluru-based startup is in advanced talks with merchant bankers to finalize its IPO plans, aiming to file its draft red herring prospectus (DRHP) within the next three months. The company plans to raise between INR 1,000 Cr and INR 1,500 Cr…
On September 4, 2024, India’s Ministry of Electronics and Information Technology (MeitY) unveiled Vishvasya, a groundbreaking national blockchain technology stack designed to enhance transparency, security, and efficiency across various sectors. The new tech stack, which aims to provide blockchain-as-a-service (BaaS), represents a significant step forward in the country’s efforts to leverage…
Rapido, the Indian ride-hailing startup known for its bike taxi services, has officially entered the unicorn club following a significant $200 million Series E funding round. This latest round, which values the company at $1.1 billion, was spearheaded by existing investor WestBridge Capital and saw participation from Nexus Venture Partners, Think Investments, and New York-based Invus…
Amazon Web Services (AWS), the cloud computing arm of e-commerce giant Amazon, is set to significantly boost its investment in Telangana, India. Reports indicate that AWS is in advanced discussions to inject an additional $2 billion into the state to expand its data center capabilities. This strategic move aims to further establish Telangana as a major hub for data operations and enhance its…
Several educators in India have transitioned from teaching to entrepreneurship, significantly impacting the startup scene with their innovations. Prominent figures like Byju Raveendran have become household names and billionaires, while others have ventured into diverse fields.
The Rise of Educator Entrepreneurs
In recent years, Indian test prep educators have gained immense popularity, often…
In the rapidly evolving technological landscape, artificial intelligence (AI) has emerged as a game-changer, influencing every aspect of the industry. Amidst this AI revolution, Nvidia Corporation has risen from a niche graphics processing unit (GPU) manufacturer to a global technology powerhouse. In June 2024, Nvidia briefly surpassed Microsoft to become the most valuable company in the world—a…
Mumbai-based cleantech startup ReCircle has raised an undisclosed amount of investment in a bridge funding round co-led by Mumbai Angels, Venture Catalysts, and several high-net-worth individuals (HNIs). This funding round follows a previous pre-Series A investment from notable investors including Flipkart Ventures, 3i Partners, and Acumen Fund Inc.
Founded in 2016 by Nainani and Gurashish Singh…
Chandigarh-based fashion startup Theater has raised $1.5 million in a pre-Series A funding round led by Mumbai-based venture capital firm Prath Ventures. The round also saw participation from existing angel investors, reflecting strong confidence in the brand’s growth potential.
Founded in 2021 by Sarthak Aggarwal, Vikram Jain, Karan Jain, and Shruti Aggarwal, Theater specializes in women’s…
Mumbai-based ed-fintech startup Invest4Edu has successfully raised $3 million in a seed funding round led by prominent family offices. The startup specializes in providing education planning, saving, and investment services, and plans to use the new funds to accelerate its growth and enhance its impact in early education planning and financial support.
Founded in 2021 by financial industry…
