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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...

Speaking on the country's Independence Day, PM Modi said India will have to become developed within the coming 25 years. BharatNet is set to play a key role in connecting the country. Bharatnet, the world's biggest rural broadband project, aims to connect all 2.5 lakh gramme panchayats (gps) across India. Prime Minister Narendra Modi remarked from the parapets of the Red Fort, on August 15, 2022, that the current decade will be characterised by technology, dubbing it a 'Techade.' PM Modi stated, "This decade is a techade for humanity - a decade of technology." He went on to say that India's startups, the Atal Innovation Mission, and the government's incubation centres are providing chances for the next generation. However, the Prime Minister did not just discuss the importance of technology in the future decade. On the 75th anniversary of the country's independence, Prime Minister Modi threw down the gauntlet, saying that India...

Fundamentum Partnership plans to invest $227 million in new Indian businesses over the next five years. The scale up platform was co-founded by Nandan Nilekani, co-chairman of Infosys. Fundamentum Partnership, a scale up platform, has secured USD 227 million (about Rs. 1,793 crore) for its second fund. Nandan Nilekani, co-chairman of Infosys, jointly founded Fundamentum Partnership along with Ashish Kumar. Fundamentum intends to invest in four to five early growth stage Indian firms. Kumar stated that the money would be deployed over the next five years, mostly in Series B, which is typically the second round of investing in a company once it has hit certain milestones and is on a growth trajectory. Kumar said, "This is our second investment fund. Each year, we intend to lead or co-lead USD 25-40 million rounds and invest in 4-5 businesses." Fundamentum's initial fund, worth around USD 100 million, was carefully invested in six early development sta...

Edtech startup Sunstone has secured around Rs 280 crore in a Series C funding round. The company will use the money to expand into new programmes, with a particular emphasis on undergraduate technology programmes. Sunstone, a higher education startup located in Gurugram, announced on Friday that it has secured $35 million (about Rs 280 crore) in Series C investment led by WestBridge Capital. Sunstone was established in 2019 by Ashish Munjal and Piyush Nangru. It had secured $28 million by October 2021. The firm stated that it will utilise the current capital to grow into additional programmes, with a particular emphasis on undergraduate technology programmes. Munjal, co-founder and CEO, stated, "The Indian higher education sector is about to undergo a long-awaited revolution. Sunstone is in an excellent position to facilitate this transition and influence the lives of millions of kids." Alteria Capital also participated in the most recent fundraising ro...

Mobile app development is becoming increasingly popular and in great demand in organisations all around the world. Find out top seven mobile app development companies in India 2022. Because of the Covid-19 pandemic, mobile applications with cutting-edge technology are in high demand in a variety of industries, including professional services, education, medical, financial, healthcare, logistics, and others. App development businesses in India play an important part in the use of cutting-edge technologies . These companies want to utilise the top applications on Android and iOS smartphones with the help of their IT assistance. Several organisations provide mobile app development services tailored to your needs. To assist entrepreneurs in their search for app development partners, the topappdevelopmentcompanies.com team researched hundreds of companies from Ahmedabad, Mumbai, Bangalore, Jaipur, Pune, Delhi, and nearly every major city in India and compiled a list of the top 10...

MiyaHealth has secured an undisclosed amount of investment from HealthXCapital, SEEDS Capital, and Central Capital Ventura. The Singapore-based health technology company had raised $4.8 million in a pre-Series A round earlier this year. MiyaHealth, a Singapore-based health technology company, has received an undisclosed sum of funding from HealthXCapital, Central Capital Ventura, and SEEDS Capital. This is in addition to the $4.8 million it raised earlier this year in a pre-Series A round. The startup, which was founded in 2019, provides two technology platforms: MiyaPatient, a navigation platform that assists patients in managing chronic illnesses, and MiyaPayor, which combines AI-powered claims processing and predictive analytics. It is developing a third product, MiyaProvider, to improve the patient experience in hospitals and clinics. These platforms are currently used by over 3,000 medical providers and 12,000 physicians. The additional funding, according to the com...

Logistics startup Shiprocket has secured almost $32 Mn in a bridge round. The company  was worth around $1.2 Bn in the funding round, which makes it India’s 106th unicorn. Shiprocket has secured approximately $32 million in a bridge round led by Light Rock India and Temasek. In the funding round, the logistics startup was valued at around $1.2 billion, making it the country's 106th unicorn. This year, Shiprocket has acquired five startups and made numerous investments. Shiprocket, a SaaS-based logistics startup backed by Zomato, has become the country's latest unicorn. Shiprocket has raised $33.5 million in a Series E2 funding round led by Light Rock India. According to the startup's regulatory filing, the funding round included Singapore's sovereign fund Temasek, Bertelsmann, Moore Strategic Ventures, Paypal, March Capital, and Huddle. Shiprocket allotted 59,793 Series E2 compulsory convertible preference shares (CCPS) at an issue price of INR 43,394...

India-based blockchain-based gaming startup Lysto has secured $12 million in a pre-Series A funding round. Among other things, the company that issues digital credentials on-chain for gamers, will use the money to develop its platform. Lysto, an India-based Web3 buSadiq Ahamed founded Lysto last year, and the company primarily gives digital credentials on-chain to online players when they win a tournament or game. The credentials can then be published as NFTs on the players' social media pages. The business has unveiled "Proof of Play Protocol " (PoPP), which provides industry-standardised gamer credentials and reputation. PoPP can be given out by games, competitions, or even by gamers themselves as trophies, game and social badges, and game-tester tokens. siness that offers digital credentials on-chain for gamers, revealed today that it has secured $12 million in a pre-Series A fundraising round led by Square Peg, Beenext, Hashed, Tiger Global, and Better ...

Arc, a digital bank for 'high-growth' SaaS companies, has raised $20 million in funding. Earlier this year, the business graduated from Y Combinator. Arc, a company that aims to give SaaS entrepreneurs with a "one location to borrow, save, and spend," has raised $20 million in a Series A round of investment. The business emerged from secret mode seven months ago with $150 million in debt investment and $11 million in startup money. While it is still early, Arc believes that their solution, which provides loan financing as well as digital banking services to SaaS enterprises, has generated a lot of interest. Since the fourth quarter of 2021, the company's revenue has climbed by 250% on average per month. Stripe is a partner and one of the world's largest and most valued private fintechs. When Arc first gained public attention in mid-January, the firm announced that more than 100 businesses had signed up for the Arc platform since the summer launc...

IT company Info Edge has infused a sum of  Rs 300 crore in Startup Investments. Info Edge is the owner of educational website, Shiksha.com, and other portals. In a regulatory filing on Saturday, Info Edge, has disclosed that it has put Rs 300 crore in its subsidiary Startup Investments. Info Edge owns, an educational website, Shiksha.com , an online employment portal, Naukri.com, a marriage website, Jeevansathi.com, a real estate classifieds platform, 99Acres.com, and a workplace discovery platform, AmbitionBox.com. The corporation owns 100% of Startup Investments (Holding) Ltd (SIHL), a holding and investing organisation. Info Edge said in the filing, "The present investment would aid SIHL in investigating investment opportunities, including participation in AIF(s) handled by Smartweb Internet Services." According to the filing, "The firm has committed to purchase 3 crores of -0.0001 percent Compulsorily Convertible Debentures (CCDs) with a face v...

In a few months, the Harvard-founded healthtech business basys.ai plans to introduce its services in India. The startup tracks, forecasts, and offers interventions to enhance treatment outcomes for better metabolic health using its own AI technology. A healthtech business called basys.ai, which got its start in Harvard, claims that its proprietary technology can assist doctors make better clinical decisions while managing the metabolic health of their patients. To deploy its platform in these areas, the business has started talks with healthcare providers in Singapore and India. It is relying on the Ayushman Bharat Digital Mission of the Indian government, which intends to connect hospitals' digital health solutions throughout the nation. This programme is anticipated to make it possible for doctors in any hospital in India to consentorily share patient records with them. "We are interested in visiting India because we believe that this (the framework for a ...

Cloud kitchen startup Bigspoon has secured Rs. 100 crore in a round of strategic fundraising. The company will use the money to expand its presence and to add more than 250 kitchens across 80 cities in India, South-East Asia and the Middle East Ahmedabad-based multi-brand omnichannel cloud kitchen startup, Bigspoon, has secured around $12.56 Mn (INR 100 Cr) in a round of strategic fundraising that was headed by Indian Angel Network (IAN). Institutional investors NB Ventures, Go-Ventures, LetsVenture, Grip Invest, Anicut Capital, and actor Mouni Roy also took part in the round. The business will use the money to spread out over 80 locations in India, South-East Asia, and the Middle East, adding more than 250 kitchens. The funding will also be used to increase hiring for important leadership positions and to increase investments in client technology. Along with strengthening its backward integration and adding new brands to its key categories, Bigspoon will use the inv...

The inaugural flight of India's brand new rocket, the Rs 56 crore Small Satellite Launch Vehicle (SSLV), failed on Sunday morning. The failure of a tiny solid-fuel rocket to launch focuses attention on the safety of India's human space mission. The Geosynchronous Satellite Launch Vehicle-Mk III (GSLV-Mk III) will carry out the mission with the difficult cryogenic engine stage. The SSLV-D1 with two satellites was launched at approximately 9.18 a.m., however the Indian Space Research Organisation (ISRO) declared the satellites are useless since they were placed in a different orbit than the intended one. "All of the phases ran smoothly. Both satellites were launched. However, the orbit attained was lower than intended, making it unstable," ISRO noted in a brief statement regarding the project. ISRO explained, "SSLV-D1 put the satellites in an elliptical orbit 356 km x 76 km instead of a circular orbit 356 km. Satellites are no longer functional. ...

Mukesh Ambani's JioGames has launched its own streaming platform. JioGames Watch allows producers to go live with any device and display their greatest content to millions of fans. JioGames, which is owned by Mukesh Ambani, has established a streaming platform named JioGames Watch. According to the firm, it is a one-stop shop for viewing all forms of gaming material. The platform's goal is to empower and enable producers to go live with any device and expose their greatest content to millions of people. It also incorporates many viewer interaction features, including as audience polls and Emotes, to help creators and influencers remain ahead of the competition. JioGames, for those who are unfamiliar, is a one-stop platform that has revolutionized the online gaming space in India.  It is a one-stop shop for incredible online games, competitions, and esports for casual gamers, game publishers, and developers. JioGames Watch is the result of extensive research i...

Raghav and his wife Shraddha researched a lot and came up with activities for their kid. The couple then incorporated those activities in a parenting app, called the Prodigy Baby. The lockdowns of Covid-19 altered the way businesses and employees are handled, with Work From Home and hybrid work models, not to mention the innumerable firms that have closed. Raghav Himatsingka's firm was among those forced to close during the shutdown. Raghav Himatsingka and his wife Shraddha founded Raising Superstars with the help of a parenting app they created. He operated a transportation company in Mumbai, which he closed down, but the good news is that he recovered quickly and created a new profitable firm based on his love. The proud father of a now 4-year-old kid utilized the games and exercises he and his wife created to train his child on various skill sets to establish Raising Superstars, an edtech firm for new parents, in July 2020. Raising Superstars assists in th...

B2B SaaS start-up WebEngage has secured funding of $20 million. The company, which has operations across India, Southeast Asia, Middle East, and North Africa, will use the money for the expansion of its business. WebEngage, a B2B SaaS startup, has secured $20 million in a fundraising round headed by Singularity Growth Opportunities Fund and SWC Global, with participation from previous backers India Quotient, Blume Ventures, and IAN Fund. WebEngage plans to utilize the funds for expansion, claiming that it is expanding at a rate of 100% year on year and has operations in India, the Middle East, North Africa, and Southeast Asia. WebEngage's enterprise service has been confirmed by customers such as Adani Group in India and IKEA in Saudi Arabia. Avlesh Singh, co-founder and CEO of WebEngage, said, "We are incredibly thrilled to have Singularity Growth Opportunities Fund and SWC Global as new partners, and we are lucky to have current partners double down on their t...

Payroll management startup, Tartan, has secured funding of $4.5 million. The money will be used to expand the company's in-house engineering team as well as go-to-market operations, and improve its product offerings. Tartan, a payroll and workforce management business, announced $4.5 million in fundraising on Monday from 500 Global (formerly 500Startups), InfoEdgeVentures, and Naval Ravikant-backed Quant Fund. WorldQuant Ventures, Varanium GenNext Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC), and Paisabazaar cofounder Naveen Kukreja were among the other investors. According to a statement issued on Monday, the cash will be used to extend its go-to-market operations, increase its in-house technical staff, and enhance its product offerings. It also intends to increase its workforce to 110 people. The total equity capital raised by the business with this fundraising is around $6 million. Tartan, founded in June 2021, offers a white-labeled appl...

Luxfer Gas Cylinders has developed the UK's first mass-produced hydrogen-electric truck. Tevva, a maker of electric trucks, modified its battery-electric heavy-duty vehicle to incorporate a hydrogen fuel cell system that recharges the battery and increases its range by 310 miles. Following the introduction of the nation's first mass-produced hydrogen-electric truck, which represents the next phase of the transition from fossil-based fuels to low carbon energy, the UK has hit a "historic milestone" in its march toward net zero. Together with Tevva engineers and experts in alternative fuels, Luxfer Gas Cylinders (Luxfer) developed the truck's "plug and play" hydrogen storage system. The engineers of the UK-based gas equipment specialist assisted Tevva, a maker of electric trucks, in modifying the design of its battery-electric heavy-duty vehicle to incorporate a hydrogen fuel cell system that recharges the truck's battery and increases i...

English learning platform OckyPocky has secured funding that the startup will use to enhance platform distribution, and and include new local languages. English learning platform for kids OckyPockyhas raised funding from Silicon Valley-based Goodwater Capital and Naval Ravikant-backed Quant Fund. This is an extension to the funding the startup had announced in September 2021 fromUdaanco-founder Sujeet Kumar and Hyderabad-headquartered SucSEED Innovation Fund. The startup will use the funds to grow its platform distribution and add more vernacular languages to its platform. Currently, OckyPocky helps students learn English through Hindi and Marathi. It looks to add Tamil, Telugu, Punjabi, Malayalam, and Kannada to its platform. Amit Agrawal, founder OckyPocky , said, “The present funding opens us up to the funds in Silicon Valley and gives us a newer perspective through a new channel of investors. English is the biggest gatekeeper for admissions and jobs for the middle cl...

Digital marketing startup Logicserve Digital (LS Digital) has raised funding of Rs 80 crore. The company has purchased a majority stake in digital agency Langoor with the fresh finance. One of India's major integrated digital marketing agencies, Logicserve Digital  (LS Digital), has secured Rs 80 crore in funding from Florintree Advisors, an alternative asset management firm. LS Digital is currently in talks to raise Rs 200 crore in its Series B funding round in the next 3-4 months at a valuation of Rs 1,000 crore. Prasad Shejale, founder and CEO, Logicserve Digital , said, "We have major plans.  We are more than simply an agency; we are a revolutionary platform, which is why we are renaming the firm LS Digital. It's a platform that will provide brands integrated solutions across the consumer experience." LS Digital has purchased a majority share in Bengaluru-based digital agency Langoor for an undisclosed sum with the new finance. Langoor, foun...