Rebel Foods acquires majority stake in luxury chocolate brand SMOOR
With the investment from Rebel Foods, SMOOR hopes to witness thrice the growth in financial year 2022-23 over the previous year.
Unacademy lays off about 10% of its workforce
This move comes amid murmurs among various stakeholders in the startup ecosystem on whether the euphoria is now slowing down in the country after an exuberant 2021, with deals taking longer to close and some late-stage deals coming under pressure from the funding slowdown.
Flipkart Health+ launches app to enable access to medicines, healthcare products
The Flipkart Health+ tech platform delivers products across 20,000 pin codes in India. In addition, the Flipkart Health+ app can be accessed on low bandwidth making it ideal for locations with lower internet reach.
Twitter rival Koo launches self-verification feature to reduce trolling, create accountability
Koo had recently launched the beta version of the feature on its platform and about 5,000 users have self-verified their accounts since then.
PhonePe to more than double employee count to 5,400 in next year
The leader in transactions on UPI said it has 2,800 open job positions across Bangalore, Pune, Mumbai, and Delhi
Biryani, BSE and Bills, the three Bs of India’s online expenditure in FY22: Razorpay report
Fintech company Razorpay analysed over a billion transactions on its platform to know what Indians were paying for online. Here’s what they found out.
Venture Capital firm Omnivore launches $130 mn fund to invest in agritech, climate sustainability
With the newly launched fund, Omnivore will focus on catalysing climate action in agriculture, backing startups that are addressing India’s GHG emissions, and securing the future of India’s farmers.
Bombay Play raises $7 million funding to build social games
Bombay Play plans to use the fresh capital raised towards scaling its existing 'hypersocial' game offerings and supporting upcoming projects
Indian startups raise over $10 billion funding in first quarter of 2022
Bengaluru continues to dominate in terms of funding deals, with the startups in the city attracting $4.6 billion across 121 deals in Q1 of 2022
Games24x7 raises $75 million funding at $2.5 billion valuation
Games24x7 plans to use the funds raised to accelerate its user growth, content development, and technological capabilities.
LambdaTest raises $45 million in funding led by Premji Invest
LambdaTest allows web developers to test their websites and apps on over 3,000 different combinations of browsers (and their different versions), operating system environments and devices.
Classplus raises $70 million led by Alpha Wave Global, Tiger Global
The financing round valued the Noida-based startup at close to $600 million, more than double its previous valuation when it had raised $65 million Series C funding in June 2021
Spacetech startup Pixxel bags $25 million funding led by Radical Ventures
Pixxel plans to use the funds raised to accelerate the production of a constellation of satellites that can provide world's highest resolution hyperspectral satellite imaging of the earth
Ola Electric backs Israel-based battery tech startup StoreDot
Ola will have exclusive rights to manufacture batteries integrating StoreDot's fast-charge technology that claims to charge a battery from 0 to 100% in about 5 minutes
Rs 2,000 in co-founder's home, no unaccounted cash, assets at any location: What Income Tax sleuths found after a 3-day raid on Infra.Market
The department is also learned to have conducted similar searches on the offices and residences of another B2B unicorn, Zetwerk, within a day of its searches at Infra.Market
Amagi enters India's unicorn club with $95 million funding from Accel, others
Amagi enables content owners to launch, distribute and monetise live linear channels on free-ad-supported television and video services platforms through a suite of solutions.
Nazara Technologies commits Rs 30 crore to Griffin Gaming Partners' second VC fund
Griffin Gaming Partners had recently raised $750 million in its second fund, bringing the total assets under management to over $1 billion across its two funds.
100ms raises $20 million led by Alpha Wave Incubation
Live video-conferencing infrastructure platform 100ms said it would use the funds raised to help developers build and deploy enterprise-class video applications within a few hours.
Loco raises $42 million funding led by Korean crypto investment firm Hashed
Game streaming startup Loco said this investment would accelerate its streaming technology and content initiatives as it aims to build a social experience platform for the virtual world.
Audio content platform Kuku FM bags $19.5 million funding led by PUBG maker Krafton
According to the startup, the funds raised will be used to broaden its language offerings and consolidate content creation.
Carl Pei's Nothing bags $70 million funding to expand to new products
Nothing's first product - a pair of wireless earphones called Ear (1) - was released in August last year. The company claims to have shipped over 400,000 units until now.
Live tutoring startup Filo raises $23 million Series A funding led by Anthos Capital
Filo helps students connect to tutors for one-on-one live video sessions to clear concepts, solve problems, and prepare for examinations.
Audio-streaming startup Pocket FM bags $65 million Series C funding
Pocket FM plans to expand to new languages, scale its community of audio content creators and help them monetise on the platform.
Mobile Premier League buys Germany's GameDuell for foray into Europe, mobile free-to-play gaming
Founded in 2003, GameDuell offers more than 40 casual online skill games including community card and board games in seven languages
