Funding news
Accio Robotics raises $1.8M in pre-Series A funding
Bengaluru-based Warehouse robotics startup Accio Robotics has secured a funding of $1.8 million in a pre-Series A funding round. The round saw participation from notable investors, including BIG Capital, Unisync Angels, Daniel Fitzgerald, as well as existing investors such as Roots Ventures and Anuj Bihani (Founder – Impaqt Robotics/Alstrut).
Accio Robotics had earlier secured investments from 100X.VC, CIO Angel Network, and a group of angel investors, led by well-known figures such as Ajay Sarupria and Uday Sodhi.
The startup plans to utilise the funds towards reinforcing the technology and product team, establish channels for international growth, and enable more robot deployments.
“Accio robotics ability to operate in both 2D and 3D configuration makes it particularly attractive choice for warehouse automation and we look forward to supporting the company achieve great success,” said Preetinder Singh Panjrath, CFO, BIG Capital.
Other news
upGrad records 65,000 graduates in Calendar Year 2023
Edtech platform last year marked a milestone with 65,668 graduates, including 22,000+ completing long-format courses and around 44,000 learners in self-branded certifications like Agile Methodology, Project Management, DevOps, Cloud Computing, and Blockchain, the company said it a statement. Women’s enrollment in this segment reached 40%, with top choices being Digital Marketing, HR, and Data Science.
upGrad Insights show mid-career professionals (4-10 years of experience) preferred long-format courses, while freshers and early professionals (0-3 years) favoured certifications for rapid skill enhancement.
“Although it’s an eventual transition, nearly 30% of our QoQ enrolments on an average come from Tier 2 & 3 cities, signifying the gradual adoption. We closed 2023 on a very high note and this year will only accelerate our commitment to impacting a bigger learner base while also supporting GOI in powering India’s online learning infrastructure and nation-building,” said Mayank Kumar, Co-founder and MD, upGrad.
This year’s growth represents a 6.5x increase from the previous calendar year, making a contribution to the edtech player’s year-over-year growth trajectory.
Pocket FM appoints Suyog Gothi as VP and India Country Head
Audio Series platform has appointed Suyog Gothi as Vice President and India Country Head. In this role, Suyog will lead the company’s operations in India, working closely with co-founders Rohan Nayak and Nishanth KS.
Prior to this, Suyog led the merchant lending division at , playing a pivotal role in scaling up PhonePe’s UPI payments business.
“I am thrilled to be part of Pocket FM, a company that is truly revolutionising audio entertainment. I look forward to advancing our mission, fostering innovation, and empowering voices across the nation’s diverse auditory landscape,” said Suyog Gothi.
At Pocket FM, Suyog will be responsible for overseeing operations in India and implementing strategic initiatives aimed at strengthening Pocket FM’s market leadership.
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mCaffeine launches ESOP Program for employees
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Tarun Sharma, Co-founder & CEO, mCaffeine
” align=”center”> Tarun Sharma, Co-founder & CEO, mCaffeine
Mumbai-based direct-to-consumer (D2C) personal care brand has announced its Employee Stock Ownership Plan (ESOP). The initiative aims to create 100 crorepatis within the company, fuel wealth creation and contribute to the country’s economic growth. Eligible employees across seven different verticals within the industry will be beneficiaries of this ESOP scheme.
The startup will allocate 10% of its shares, allowing employees to directly benefit from the brand’s growth.
“With over 50% employees eligible for the ESOPs, we couldn’t think of a better gift for our beloved caffeinators as we enter a new year. The ESOP scheme opens a new growth avenue for employees and the brand alike, hence creating opportunities for a collective and brighter tomorrow,” said Tarun Sharma, Co-founder & CEO at mCaffeine.
Infibeam Avenues signs Rs 2,000 Cr MoU with Gujarat Government
AI-powered fintech firm Infibeam Avenues has signed a Memorandum of Understanding (MoU) with the Gujarat Government, with a proposed investment of Rs 2,000 crore in the 10th edition of the Vibrant Gujarat Global Summit (VGGS) 2024.
The investment is earmarked for the financial year 2030 in its Artificial Intelligence (AI) Hub for developing cutting-edge vision AI-technology for payments and platforms specifically tailored for retailers.
The signing ceremony was presided over by the Chief Minister of Gujarat, Bhupendra R Patel, along with other ministers and top government officials.
“With this MoU, we aim to fortify our partnership with the Gujarat government, opening up avenues for growth for retailers across the country. The incorporation of AI technology will not only elevate the competitiveness of retailers but also position Gujarat as a leading AI Hub for innovative solutions in the rapidly expanding Indian retail sector,” said Vishal Mehta, Chairman and Managing Director of Infibeam Avenues Ltd.
(The copy will be updated with more news throughout the day.)
Edited by Megha Reddy
