[Funding alert] Raintree Family Office, ADB arm, others invest $4.9M in Smart Joules

Energy efficiency company Smart Joules has raised $4.9 million (about Rs 36.75 crore) in funding from a clutch of investors, including Raintree Family Office.Other investors who participated in the round…

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[Funding alert] Hero Electronix’s portfolio company Tessolve raises $40 M from Novo Tellus Capital Partners

Tessolve, a Hero Electronix venture, on Thursday announced that it has raised $40 million from Singapore-based Novo Tellus Capital Partners, valuing the engineering and R&D services provider at $100 million.According…

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Bigbasket says seeing longer delivery time in some cities due to high demand, movement restrictions

Online grocery ordering platform Bigbasket on Wednesday said it is witnessing extended timelines for deliveries in some cities due to "unexpectedly" high demand and movement restrictions.Various state governments have announced…

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From rise in income to community development, how Sridhar Vembu’s Zoho is transforming rural India

The COVID-19 pandemic reduced boundaries like never before. For Chennai-headquartered Software-as-a-Service (SaaS) company Zoho, this only meant expanding its rural initiatives, which it has been working on for the last…

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[Funding alert] DealShare raises Rs 70 Cr from venture debt firm Alteria Capital

Hyperlocal ecommerce startup DealShare has raised Rs 70 crore from venture debt firm Alteria Capital. The startup is focussed on the mid-income demographic of 500 million new Internet users and…

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‘What we need today is smart capital rather than just capital’ — 25 quotes from Investor Summit 2021

Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week. This special compilation of quotes is divided into five…

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[Startup Bharat] This IIT Guwahati alumnus has built a secure email platform to protect user privacy

Sunit Kumar Nandi, Founder, Techno Digital Media, always found it challenging to get a safe and secure email software provider. The 26-year-old tech entrepreneur realised that emails were not securely…

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Bharat users on Made in India apps drive short-form video growth: RedSeer report

Last June, the Indian government placed a ban on several Chinese apps, including the popular short video content platform TikTok — which had a large user base in India. In order…

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