Your Startup category
Pixxel, a prominent player in hyperspectral earth-imaging technology, marked a significant milestone with the grand opening of its Spacecraft Manufacturing Facility in Bengaluru, India. The inauguration witnessed the presence of key figures, including S Somanath, Chairman of ISRO, along with industry stakeholders and investors. The facility, designed to advance space exploration, solidifies Pixxel’s position in…
2024 marks the eighth anniversary of the Startup India program, a milestone that showcases remarkable growth from around 400 startups in 2016 to over 1.18 lakh startups today. Prime Minister Narendra Modi inaugurated the initiative on January 16, 2016, aiming to foster innovation, support startups, and attract investments to India’s startup sector. In 2022, he…
In its inaugural full year under the ownership of Byju’s, Aakash Institute, a test-prep business, has disclosed a notable 82% surge in its total profit, reaching Rs 79.5 crore for the fiscal year concluding in March 2022. The financial figures were outlined in the company’s filings with the Ministry of Corporate Affairs, accessible through Tofler,…
Shares of DroneAcharya Aerial Innovations, a Pune-based drone startup, witnessed a 7% intraday surge to INR 201 on the BSE after securing a significant contract from the Indian Army. The contract, announced in an exchange filing, focuses on providing capacity building and advanced drone training at the Mechanised Army Courses Group, Ahmednagar. Under the agreement,…
Kisankonnect, an agritech startup specializing in fresh produce, has secured Rs 31 crore (approximately $3.75 million) in a pre-series A funding round. Green Frontier Capital (GFC), a climate tech-focused fund, led the investment, with participation from Dhanuka Agritech Limited, a prominent crop protection company in India, as well as VC Grid and other family offices….
Google has joined Apple in removing several cryptocurrency exchange apps, including Binance and Kraken, from the Play Store in India. This action follows the Financial Intelligence Unit (FIU) of the Indian Finance Ministry issuing show-cause notices to these exchanges, citing concerns about unauthorized operations and violations of anti-money laundering regulations in India. The FIU has…
Artifact, founded by Instagram’s co-founders, is closing operations. Initially conceived as a news app, it transitioned into a curation platform, allowing users to discover and share news. However, the startup has decided to wind down due to a market that didn’t justify continued investment. Co-founder Kevin Systrom acknowledges the challenge startups face in recognizing market…
Inflexion Point Ventures (IPV), a distinguished angel investment platform boasting companies such as Clensta, Siply, Loankuber, Kazam, and Qubehealth in its portfolio, has unveiled a versatile accelerator program. The initiative, IPV Ideaschool Batch 1, spans six weeks and is tailored to provide robust support for entrepreneurs navigating the initial stages of startup development. This sector-agnostic…
Japanese conglomerate SoftBank is preparing for a resurgence in the Indian startup ecosystem after an 18-month hiatus from major regional investments. The company is gearing up to initiate new deals with Indian startups in the coming months, signalling a positive turn in its investment strategy for the dynamic Indian market. This renewed focus is expected…
In its recent Pre-Series A funding round, Bengaluru-based warehouse robotics startup Accio Robotics secured $1.8 million (approximately INR 15 Crore). The round was co-led by BIG Capital, Unisync Angels, and Daniel Fitzgerald, with participation from existing investors Roots Ventures and Impact Robotics’ founder, Anuj Bihani. Accio Robotics, founded by Pranav Srinivasan and Tuhin Sharma, specializes…
