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    SaaS Startup Bidgely Raises $26 Mn From Moore Strategic Ventures, Others

    The new funds will enable Bidgely to provide tailored solutions that support the country's biggest utility needs: electricity theft prevention, grid stability and electric vehicle (EV) accommodation Bidgely said it has worked with a leading private electricity discom in India, where it demonstrated the ability to detect non-technical losses through disaggregated smart...

    • 56 min ago
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    India's Crypto Economy | The CBDC Race

    Although central banks worldwide are looking to launch real-world trials, India is still stuck at the policy stage Infocus Dear Reader, You have been truly amazing!

    • 3 hrs ago
  • News

    Zomato Halts Restaurant Loyalty Programme As Pandemic Hits Dining Out

    The postponement of the launch, citing restrictions on dining out due to the pandemic, comes two days after Zomato cofounder Gaurav Gupta quit the company Restaurant partners were not enthusiastic about the loyalty programme either, stating that it put a "dent in profitability" The foodtech platform claims to be working on a better version of the programme After...

    • 3 hrs ago
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    Ola Electric Scooters Clock INR 600 Cr Worth Sale On Day 1, Breaks Record: Founder

    While the startup did not reveal the number of electric scooters sold, it must be around 55K-60K, as Ola Electric has launched the S1 scooter at an ex-showroom price of INR 1 Lakh and its top variant S1 Pro at INR 1.3 Lakh The Ola founder claimed in a tweet that the Day 1 sale has broken the record of the entire two-wheeler (2W) industry sale per day put together...

    • 4 hrs ago
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    BYJU's Acquires Coding Startup Tynker For About $200 Mn In US Expansion Drive

    Byju Raveendran-led edtech giant has acquired Tynker for around $200 Mn, sources tell Inc42 This is BYJU's third acquisition of a US-based startup after Osmo and online reading platform Epic, as the edtech giant aims to invest $1 Bn in North America Tynker was founded in 2012 and boasts of being used by over 60 million kids and 100,000 schools in 150 countries.

    • 6 hrs ago
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    Fintech Startup Bright Money Raises $31 Mn Led By Sequoia Capital India, Others

    The round also saw participation from Falcon Edge Capital and Hummingbird Ventures and angel investors including InMobi's Naveen Tewari and Abhay, CRED's Kunal Shah, Jupiter's Jitendra Gupta, Zalora's Gunjan Soni, Uber's Pradeep Parameswaran and tech investor Ram Shriram Bright Money's team is spread across Bengaluru, San Francisco and...

    • 6 hrs ago
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    IPO-Bound Pine Labs Bags $100 Mn From US-Based Invesco Fund

    Pine Labs will be going public in the US next year at a valuation of over $6 Bn The fintech unicorn has hired Morgan Stanley and Goldman Sachs as advisors for its IPO Pine Labs in July raised $600 Mn from Fidelity Management & Research Company, BlackRock, Ishana, IIFL at $3 Bn valuation Fintech unicorn Pine Labs has raised $100 Mn from US-based investment management company...

    • 7 hrs ago
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    Actor Deepika Padukone Invests In Cleantech Startup Atomberg Technologies

    Atomberg Technologies has raised an undisclosed amount from KA Enterprises - the investment arm of Deepika Padukone's Family Office in its Series B round KA Enterprises had previously invested in startups like Epigamia, Nua, Blu Smart and Bellatrix Aerospace, among others Atomberg had previously raised a total of INR 160 Cr to date from A91 partners, IDFC Parampara...

    • 8 hrs ago
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    Healthtech Startup Ayu Health Raises $6.3 Mn; Aims 10X Growth In Business In FY22

    Led by Vertex Ventures and Stellaris Venture Partners, Ayu Health's Series A round also saw participation from angel investors including Mamaearth's Varun Alagh, Helion's Ashish Gupta and EyeQ Hospitals' Rajat Goel Funds raised will be used to expand its hospital networks and bed capacity to 5,000+ beds in 6 cities by December 2022 Ayu Health...

    • 10 hrs ago
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    Agritech Startup BharatAgri Raises $6.5 Mn, Eyes 150K Subscriber Base

    BharatAgri has raised $6.5 Mn in its Series A round led by Omnivore and existing investors, India Quotient and 021 Capital The startup claims to have witnessed a 20x growth in its paid subscription sales and 65% growth in renewal rate The startup will expand its platform to provide other agricultural services, starting with direct-to-farmer agri input supply Amid the...

    • 11 hrs ago

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