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Unicorn India Ventures is selling its stake in six startups to a US-based fund. The companies include technology, and healthcare startups Unicorn India Ventures is selling its share in six firms to a US-based investor for Rs 50 crore. With this the  early-stage investment has doubled returns  for its limited partners (LPs). Robotics company Genrobotics, cybersecurity firm Sequretek, customer experience analytics startup Clootrack, digital business newspaper Inc42, digital media startup Inntot, and healthcare startup NeuroEquilibrium are among the six firms involved. These were investments from the firm's first tranche of cash, which was raised in 2016 and distributed to 17 early-stage firms. The lifespan of this fund will conclude early next year. In 2019, the business exited Boxx.ai, an ecommerce personalization startup, and Pharmarack, a pharmaceutical supply chain startup, in 2021. Majumdar stated that the VC company will remain involved in two of its mos...

Fintech startup Jar has secured funding of $22.6 million, which has made it worth $300-million. Jar, a fintech business that offers gold-backed micro-savings, has secured $22.6 million in a Series B investment round at a value of more than $300 million, making it one of the few fintech companies to achieve a multi-million dollar round during a funding slowdown. In its previous investment round in February, the business was valued at $200 million. Tiger Global led the new round, with returning investors including Arkam Ventures, Eximius Ventures, Force Ventures, LetsVenture, Rocketship Venture Capital, and WEH Ventures. 1Finance, Capier Investments, Cloud Capital, Folius Ventures, Panthera Capital, Prophetic Ventures, Yes VC, Adam Nash, and Zachary Hargreaves are among the new investors in the Series B round. The current round of investment will be used to expand the startup's employees and continue to construct a complete, one-stop savings financial platform. Jar pre...

A financial aid of Rs 3.29 crore has been announced to a Hydrogen StartUp from Maharashtra.The funding would help India become a green hydrogen hub. Dr. Jitendra Singh, Minister of State in the Prime Minister's Office, stated that the Hydrogen Startup funding aligns with Prime Minister Narendra Modi's vision of the National Hydrogen Mission (NHM), which aims to assist the government in meeting its climate targets and making India a green hydrogen hub. On Friday, the Minister announced a financial help of Rs 3.29 crore to a Maharashtra-based Hydrogen StartUp for indigenous development of Hydrogen Sensing & Analysis Technology. "This will contribute to fulfilling the aim of producing 5 million tonnes of Green hydrogen by 2030, as well as the related growth of renewable energy capacity," the Minister stated. On India's 75th Independence Day last year, Prime Minister Narendra Modi launched the National Hydrogen Mission from the ramparts of the ...

Coins worth Rs 11 crore went missing from SBI's Karauli branch in Rajasthan. CBI has since then raided 25 locations across Delhi, Jaipur, Udaipur and Dausa. Officials said Friday that the CBI searched 25 locations on Thursday in connection with a case in which coins worth Rs 11 crore went missing from the vaults of an SBI branch in Karauli, Rajasthan. The raids were carried out at the homes of approximately 15 former bank officials and others in Delhi, Jaipur, Dausa, Karauli, Sawai Madhopur, Alwar, Udaipur, and Bhilwara. The matter became known after a preliminary investigation revealed a discrepancy in the cash reserve at the State Bank of India (SBI) branch in Mehandipur, Karauli district, in August 2021. Alarmed bank officials hired a Jaipur-based private vendor to count coins worth Rs 13 crore, according to account books. To their surprise, the vendor discovered only 3,000 bags containing coins worth approximately Rs 2 crore, while over Rs 11 crore in coi...

Zomato started a restaurant funding platform, last year, to ease equity funding for restaurants or cloud kitchens by introducing them to investors.   This article shows why Zomato has halted operations of Zomato Wings, the funding funding platform. Zomato has ceased operations of its 'Zomato Wings' platform, which it established late last year to assist restaurants connect with investors in order to acquire finance. The investment community has fled due to the funding winter.  Things have been put on hold at Zomato Wings since the first quarter of this financial year. but, there is a chance that it will reopen towards the end of the year. Zomato Wings was created in November of last year as an intermediate platform for restaurant/brand/cloud kitchen equity financing. The platform brought these entrepreneurs and investors together on a single platform. However, since Zomato's stock price fell during the first six months of 2022, the company opted to focus on...

Startup India is the Government of India's flagship program aimed at catalyzing startup culture and creating a robust and inclusive environment for innovation and entrepreneurship in the country in order to propel it to the next stage of economic growth.However, financial aid to entrepreneurs in the early stages has always been a tough subject, stifling many great ideas before they take flight. The startup ecosystem in India is mostly hampered by a lack of finance throughout the seed and 'Proof of Concept' development stages. The funding necessary at this point is typically make or break for entrepreneurs with solid business concepts. This is why many new company concepts fail owing to a lack of necessary cash at an early stage for proof of concept, prototype development, product testing, market entrance, and commercialization. Seed funding for such promising situations can have a multiplier effect in the validation of numerous entrepreneurs' business concept...

The Indian state of Bihar is setting up a startup policy to offer a zero-interest seed fund, among other things. The government will provide startups with a grant of  Rs. 3 lakhs for product development, and training. Syed Shahnawaz Hussain, the state's industry minister, unveiled the Bihar Startup Policy on July 29th to boost entrepreneurship in Bihar. Under the Bihar Startup Policy, the state government provides a 10-year interest-free initial capital of INR 10 lakh to enterprises. If a business joins in an accelerator program, it will also get INR 3 Lakh for product development and training. In addition to the Bihar Startup Policy, Hussain has established a startup portal for young entrepreneurs who want to take use of the platform's benefits. Hussain stated that firms who win angel funding will earn an additional 2% of the overall investment as a success fee from the state government. "If a company is successful in getting funds from an angel inv...

Fintech startup Fi has secured $45 million in a round of funding.  Alpha Wave Ventures led the round. Fi, a Bengaluru-based fintech startup, has announced a $45 million funding round led by Alpha Wave Ventures. This Series C round of funding comes after Fi raised $50 million in November 2021 at a valuation of $315 million. This round had the participation of B Capital Group and Falcon Edge. According to the Series C financing details, Fi's board of directors approved the allocation of 2,32,980 Series C Compulsory Convertible Preference Shares to Alpha Wave Ventures at an issue price of Rs 15,239.38 per share in order to raise Rs 355 crore ($45 million). The platform that assesses a user's financial health operates by constructing a digital layer over traditional banking ecosystems, allowing users to conduct all of their financial transactions, including peer-to-peer (P2P) payments, fund transfers, and bill payments, through its app. Ex-Google Pay executiv...

Niyo got the biggest amount of cash this week, while the startup environment faced another fundraising freeze. The fintech startup secured $30 million from Multiples Alternate Asset Management Fintech startup Niyo got the biggest amount of cash this week, while the funding winter still looms. Eka Care and Fitterfly raised the second and third largest funding amounts respectively. Niyo, a consumer-focused fintech platform, received $30 million in funding from private equity company Multiples Alternate Asset Management. Niyo has funded around $180 million, including a $100 million Series C investment led by Accel in February. Vinay Bagri and Virender Bisht founded it in 2015, and it offers digital savings accounts and other financial services in collaboration with institutions. The monies will be used to develop its product capabilities and increase its customer base. Hummingbird Ventures led a $15 million fundraising round for healthtech firm Eka Care. The round was a...

For its second fund, First Cheque has raised Rs 38 crore from worldwide investors. The business will prioritize first-time entrepreneurs and invest $100,000 in each of its portfolio firms. First Cheque, a pre-stage venture capital business, has announced its second fund, which will invest in 50 firms over the next 18 months. The fund, which previously operated as an AngelList syndicate and invested in over 100 businesses over the previous three years, has secured Rs 38 crore from worldwide investors for its second fund. The firm will focus on first-time entrepreneurs and will invest $100,000 in each of its portfolio firms, which will be necessary for founders to get their business off the ground. First Cheque promises to be the first institutional financing available for creators by investing at the pre-seed stage. The business takes an agnostic approach to sectors and is willing to assist starting teams at the paper-plan stage. With the conclusion of its second fund, th...

Nykaa has developed an incubator program to provide budding beauty companies with funding and coaching as they expand. Brands must participate in the program and demonstrate their brand value, with the top brand receiving a prize of 4 crore ($500,000). Nykaa, India's leading cosmetic e-commerce company, has launched an effort to promote some of the country's numerous beauty entrepreneurs and help establish domestic brands. Nykaa's new incubation programme allows beauty businesses in the nation to display their brand and win a grant of up to 4 crore ($500,000) as well as a future acquisition chance. Nykaa launched 'Cosmetics&You' on July 20 in collaboration with American beauty giant Estee Lauder, with a prize fund of 4 crore to be dispersed to enterprises picked by a panel of fashion entrepreneurs. Nykaa stated that they are not interested in acquiring shares in the winning firms in exchange for the award amount, although they could. ...

Investors in the round included Sequoia Capital, Ocean View Investment, and QED Holdings, among others. OneCard is currently worth roughly $1.25 billion, making it a unicorn. OneCard, a Pune-based fintech business, has become the newest member of the unicorn club after raising around $100 million (about INR 802 crore) in a new investment round. Temasek, Singapore's sovereign fund, led the latest investment round, which appears to be the startup's Series D round, and invested INR 375 Cr. According to the startup's regulatory filings, investors in the round included Sequoia Capital, Ocean View Investment, QED Holdings, Matrix Partners, and Hummingbird, among others. Investors in the round included Sequoia Capital, Ocean View Investment, and QED Holdings, among others. OneCard is currently worth roughly $1.25 billion. OneCard, a Pune-based fintech business, has become the newest member of the unicorn club after raising around $100 million (about INR 802 cro...

Investors in the round included Sequoia Capital, Ocean View Investment, and QED Holdings, among others. OneCard is currently worth roughly $1.25 billion, making it a unicorn. OneCard, a Pune-based fintech business, has become the newest member of the unicorn club after raising around $100 million (about INR 802 crore) in a new investment round. Temasek, Singapore's sovereign fund, led the latest investment round, which appears to be the startup's Series D round, and invested INR 375 Cr. According to the startup's regulatory filings, investors in the round included Sequoia Capital, Ocean View Investment, QED Holdings, Matrix Partners, and Hummingbird, among others. Investors in the round included Sequoia Capital, Ocean View Investment, and QED Holdings, among others. OneCard is currently worth roughly $1.25 billion. OneCard, a Pune-based fintech business, has become the newest member of the unicorn club after raising around $100 million (about INR 802 cro...

Hyperface, has secured $9 million in funding. The supplier of credit card infrastructure will bolster its credit cards-as-a-service offering with the money. Ramanathan RV, a co-founder of Juspay, founded Hyperface, which announced on Wednesday that it had secured $9 million in investment led by 3one4 Capital. The financing was contributed to by both current investors like Global Founders Capital and Better Capital as well as new investors including Flipkart Ventures, Groww, and Rebalance Angel Community. The company will utilize the money to improve its credit cards-as-a-service offering in an effort to assemble a strong team. Ramanathan and seasoned banker Aishwarya Jaishankar founded Hyperface in 2021. Through backend application programming interface (API)-integrations, Hyperface enables enterprises to issue credit cards and pay later issuing solutions at scale. The business said that rather than taking 12 to 18 months as in the past, it now enables enterprise...

Lightspeed Venture Partners has raised its largest India and Southeast Asia fund to date. The fund is part of the $7 billion that Lightspeed said it had raised to invest in early- and growth-stage startups throughout the world. Lightspeed Venture Partners has collected $500 million for its largest fund focused to India and Southeast Asia. With the closure, the Silicon Valley-based venture capital company has joined a growing group of technology investors that have collected substantial quantities of dry powder despite a global financing slump. Lightspeed, which has funded companies such as Oyo,Udaan, Sharechat, and Byju's, has significantly expanded the size of its fourth India fund from its previous corpus of $275 million, which it accumulated in 2020. The India fund is part of the $7 billion that Lightspeed announced it had raised to invest in early- and growth-stage firms throughout the world. Bejul Somaia, a Lightspeed partner who founded the fund's Indi...

Content creators can make stable money with the help of good content. Find out 4 apps that enable content creators to earn and manage money. People will sit up and pay notice if they see good content. According to a research by Kalaari Capital , the worldwide creator economy is worth more than $100 billion, while the Indian creator economy is worth roughly $80 million. The market is heating up, and money may be made. However, competition is fierce on multiple creative economy platforms such as social media, OTT, and podcasts, and revenue is heavily reliant on social media advertisements, ad shares, collaborations, and brand partnerships. As a result, it is critical for content providers to sell wisely and manage their earnings. Here are 4 apps that enable content creators to earn and manage money. Rigi.Club In 2021, software engineer Swapnil Saurav and Ananya Singhal launched Rigi.Club, a platform enabling influencers, creators, and celebrities to manage, exp...

Content creators can make stable money with the help of good content. Find out 4 apps that enable content creators to earn and manage money. People will sit up and pay notice if they see good content. According to a research by Kalaari Capital , the worldwide creator economy is worth more than $100 billion, while the Indian creator economy is worth roughly $80 million. The market is heating up, and money may be made. However, competition is fierce on multiple creative economy platforms such as social media, OTT, and podcasts, and revenue is heavily reliant on social media advertisements, ad shares, collaborations, and brand partnerships. As a result, it is critical for content providers to sell wisely and manage their earnings. Here are 4 apps that enable content creators to earn and manage money. Rigi.Club In 2021, software engineer Swapnil Saurav and Ananya Singhal launched Rigi.Club, a platform enabling influencers, creators, and celebrities to manage, exp...

Content creators can make stable money with the help of good content. Find out 4 apps that enable content creators to earn and manage money. People will sit up and pay notice if they see good content. According to a research by Kalaari Capital , the worldwide creator economy is worth more than $100 billion, while the Indian creator economy is worth roughly $80 million. The market is heating up, and money may be made. However, competition is fierce on multiple creative economy platforms such as social media, OTT, and podcasts, and revenue is heavily reliant on social media advertisements, ad shares, collaborations, and brand partnerships. As a result, it is critical for content providers to sell wisely and manage their earnings. Here are 4 apps that enable content creators to earn and manage money. Rigi.Club In 2021, software engineer Swapnil Saurav and Ananya Singhal launched Rigi.Club, a platform enabling influencers, creators, and celebrities to manage, exp...

The Indian government will establish a digital cooperation platform for businesses and investors to ease and rapidly conclude transactions. The new platform will first accept Indian investors and investment firms and will search for worldwide funding. The government will establish a specialized digital cooperation platform for businesses and investors in order to facilitate and rapidly conclude transactions. The platform will be launched in collaboration with the Small Industries Development Bank of India by the Department of Promotion for Industry and Internal Trade (DPIIT) (SIDBI). Shruti Singh, joint secretary of the DPIIT, stated, "This was accepted at one of the national startup advisory council sessions. It is a matchmaking tool for companies and investors that is nearing completion. We plan to publish it within the next two months." Singh stated that the platform will initially integrate Indian investors and fund firms before looking for global money aft...

Innoviti has concluded its Series D round, raising an extra $25 million. The payments-focused fintech will use the money to expand its mid-market product lines in electronics, apparel, and food. Innoviti, a payments-focused fintech business, has concluded its Series D round, raising an extra $25 million from investors led by Singapore's Panthera Growth Partners. According to a top official, this brings the entire Series D fundraising to $45 million. Panthera has invested $15 million from its newly announced Fund II, alongside new investors such as Alumni Ventures and Patni Family Office, as well as previous investors FMO and Bessemer Venture Partners. Its valuation has climbed thrice since its Series C investment last year, according to cofounder and CEO Rajeev Agrawal, who did not disclose the precise figure. The current round brings the company's total funding to $75 million. It has previously obtained $20 million in debt and equity from investors such as FMO, ...