Gurugram-based ixigo acquires bus ticketing and aggregation platform AbhiBus

Gurugram-based Le Travenues Technology, which operates AI-based travel app Ixigo, announced the acquisition of business and operations of Hyderabad-based bus ticketing and aggregation platform AbhiBus for a mix of cash…

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[Funding alert] Drone startup UrbanMatrix Technologies raises Rs 1.2 Cr

Bengaluru-based drone technology startup UrbanMatrix Technologies Pvt Ltd on Thursday raised Rs 1.2 crore. The key investment was made by Coimbatore-based SARA ELGI, part of ELGI conglomerate with an annual…

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[Funding alert] Agritech startup Faarms raises $2M in seed round backed by global investors

Factory to farms agritech startup Faarms on Thursday said that it has raised $2 million in its seed round backed by global investors. The round was led by Koh Boon Hwee…

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Flipkart expands warehouse network in Gujarat with addition of 5 lakh sq ft

Leading ecommerce marketplace Flipkart has announced the expansion of its supply chain in Gujarat with the addition of four new facilities to support local sellers from the state and to…

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[Funding alert] Insurtech startup RenewBuy raises additional $10M to close $55M Series C round

Gurugram-based insurtech startup RenewBuy on Thursday said it raised an additional $10 million in its Series C round from India-focused private equity platform Evolvence Capital (Evolvence India Fund).  This funding is…

Continue Reading[Funding alert] Insurtech startup RenewBuy raises additional $10M to close $55M Series C round

Freightify co-founders launch ZAR Partners, a $3M LogTech innovation fund for startups

After the recent funding of Freightify (earlier FreightBro), Co-founders V Anand Babu and Mohammed Zakkiria have exited the company to set up ZAR Partners, a $3 million LogTech innovation fund…

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[Funding alert] Fintech startup Zeni raises $34M in Series B round led by Elevation Capital

The Palo Alto and Pune-based AI-powered fintech startup Zeni on Thursday announced that it has raised $34 million in a Series B funding round led by Elevation Capital with participation…

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About 53,000 startups benefited from DPIIT startup recognition as of July 2021: Govt

As many as 52,732 startups have benefited from the department for promotion of industry and internal trade (DPIIT) startup recognition initiative as on July 21, 2021, Parliament was informed on…

Continue ReadingAbout 53,000 startups benefited from DPIIT startup recognition as of July 2021: Govt