Read more about Logistics firm Shiprocket raises Rs 200 crore in series C funding round on Business Standard. Investors included Silicon Valley based venture capital firm Tribe Capital
City-based ed-tech startup, Newton School, has raised USD five million Series A round of financing, led by RTP Global. The funding round saw participation from existing investors Nexus Venture Partners, Prophetic Ventures and Unacademy co-founders Gaurav Munjal, Roman Saini and Hemesh Singh. Flipkarts CEO Kalyan Krishnamoorthy, CREDs Kunal Shah, Freshworks Girish Mathrubootham, Udaans Sujeet Kumar and Razorpay founders Harshil Mathur & Shashank Kumar along with a slew of angels also participated in the round, it said in a statement. The capital will be used for team expansion, scaling student intake and product development, it was stated. Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitm
Supersourcing founder Mayank Pratap Singh said the company will hold the funds and spend only when necessary. Billionaire investors Vijay Shekhar Sharma, Dr Ritesh Malik, and Nikhil Sharma have helped Indore-based Supersourcing raise Rs 1.5 crore in a round of seed funding, Supersourcing said in a statement. Singh said the company aims to build back the trust in the IT outsourcing industry, which can only happen when the right work reaches the right companies for the right price. Supersourcing is an IT agency recommendation platform.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
India s internet start-ups leaders that operate business ranging from food delivery, e-commerce to online insurance are now on the cusp of listing, a report said putting their combined value at USD 180 billion by 2025. The growing scale and maturity of India s internet economy is starting to create more value and investment opportunities. More than USD 60 billion has been invested in India s internet start-ups in the past five years, with around USD 12 billion in 2020 alone, : HSBC Global Research said in a report of India s internet. It put the total sector value (ex-Fintech) to reach USD 180 billion by 2025. Many of these leaders, which operate businesses ranging from food delivery, e-commerce to online insurance, are now on the cusp of listing, the report said.
E-commerce major Flipkart on Tuesday said it has selected eight finalists for the maiden cohort of its startup accelerator program that will now undergo a 16-week mentorship program and receive an equity-free grant of USD 25,000. The Walmart-owned company had launched Flipkart Leap in August last year to help new startups grow, scale, navigate challenges, and contribute to India s growing entrepreneurial ecosystem. After a rigorous four-stage process, eight finalists were shortlisted from among more than 920 applicants across five categories: Design and Make for India; Innovations in Digital Commerce; Technologies to Empower Retail; SCM and Logistics; and Enabling Deep Tech Applications, a statement said.