Startup news and updates: daily roundup (May 17, 2021)

B2B ecommerce startup Moglix joins unicorn club after raising $120M in Series E roundMoglix, a Noida-based B2B industrial goods ecommerce marketplace, on Monday announced that it has raised $120 million in Series E…

Continue ReadingStartup news and updates: daily roundup (May 17, 2021)

Govt releases first batch of anti-COVID drug 2-DG developed by DRDO, Dr Reddy’s

The first batch of anti-COVID oral drug 2-DG — developed by the DRDO — was released on Monday by Defence Minister Rajnath Singh and Health Minister Harsh Vardhan.The Drugs Controller…

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Amazon helps sellers procure oxygen concentrators for customers in India

Ecommerce major Amazon is working with sellers on its marketplace in India to help them procure about 9,000 oxygen concentrators in the country.The first batch of 1,000 oxygen concentrators have…

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Shilpa Medicare unit inks pact with Dr Reddy’s to manufacture Sputnik V vaccine

Drug firm Shilpa Medicare on Monday said one of its subsidiaries had entered into a definitive agreement with Dr Reddy's Laboratories for manufacturing of Russian COVID-19 vaccine Sputnik V."The company,…

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Is Vitalik Buterin’s donation really worth over $1B, what’s cooking with Travis Kalanick, & the big leap of online brands

Regulatory dilly-dallying on digital currencies isn’t just straining the crypto industry but also casting a shadow on the crypto donations pouring in for India’s covid relief efforts. The sector is…

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[Funding alert] B2B ecommerce startup Moglix joins unicorn club after raising $120M in Series E round

Moglix, a Noida-based B2B industrial goods ecommerce marketplace, on Monday announced that it has raised $120 million in Series E round led by Falcon Edge Capital and Harvard Management Company (HMC).…

Continue Reading[Funding alert] B2B ecommerce startup Moglix joins unicorn club after raising $120M in Series E round

[Funding alert] Health education platform Virohan raises $3M in Series A round led by Rebright Partners

Gurugram-based health education startup Virohan on Monday announced that it has raised additional funding from Rebright Partners summing up its Series A round at $3 million.Earlier in August 2020, the startup…

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[Funding alert] Smart parking platform ParkSmart raises seed capital from Campus Fund and industry veterans

Delhi-based smart parking management platform ParkSmart has raised  an undisclosed amount of funding from Campus Fund and angels like Dilesh Gathani, Shireen Rangaswamy amongst others.The funds would be deployed to…

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Wondering where to invest your money in these uncertain times? Here are some tips

The stock markets in India have been understandably volatile amid the second wave of the coronavirus pandemic, which has wreaked havoc across the country. However, Reliance Securities ED and CEO,…

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