Category: Startup Updates

Angel Investing Masterclass at Lucknow by Venture Catalyst

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Shahla Siddiqui It’s said that a little help goes a long way. With this in mind a masterclass was organised in Lucknow for businesses interested in angel investing in upcoming startups. Venture Catalyst and TiE Lucknow conducted Startup Masterclass with the objective of creating awareness among investors on How to Invest in Startups and unlock more value.  Industry experts also spoke about the potential and a gleaming future awaiting the Indian startup ecosystem. The masterclass was conducted by Dr Apoorva Ranjan Sharma, co-founder Venture Catalysts and 9 Unicorns. Dr Apoorva…

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MG MOTOR ANNOUNCES THE 3RD SEASON OF ITS DEVELOPER PROGRAM AND GRANT WITH STARTUP INDIA AND INVEST INDIA

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New Delhi, January 20, 2022: MG Motor India, along with the consortium members, is back with the third season of the MG Developer Program & Grant – the annual flagship innovation program, supported by Startup India and Invest India. The initiative aims to encourage tech start-ups to build new, technologically advanced applications and experiences to strengthen India’s mobility space. ACMA will conduct a study on ZS EV to promote skill development in the component segment, syncing with the alliance’s objective of supporting the development of the EV ecosystem. It will work in tandem…

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Dukaan raises $11M Pre Series A Funding

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Dukaan, the online retail platform that allows anyone to set up an online store and sell their products, today announced it has secured $11M in a Pre Series A round of funding. The round was led by 640 Oxford Ventures, with participation from existing investors Snow Leopard Ventures, Lightspeed Partners, and Matrix Partners India. Venture Catalyst and new venture firms HOF Capital, Old Well Ventures, LetsVenture, 9Unicorns and a number of high-profile executives also participated in the funding round, including Oyo’s Ritesh Agarwal, Carl Pei, Co-founder and the CEO of…

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Ola Electric appoints N Balachandar as CHRO

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India, 06 May 2021: Ola Electric has hired N Balachandar as Chief Human Resources Officer. In his new role, Balachandar will accelerate Ola Electric’s journey to become a world-class talent organisation, with a focus on people and culture globally. Balachandar (or Bala) is a 33-year industry HR veteran, and brings global experience to the company, having worked across India, Europe and Asia with GE Healthcare & GE Capital in several senior HR leadership and M&A roles, with Strides Arcolab, with the Standard Chartered Bank and with Asian Paints early in his career,…

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Riding High On Millennial Interest, Upstox Ends FY21 As One Of The Largest Brokers

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Mumbai | April 21, 2021: Upstox (also known as RKSV Securities India Pvt Ltd), one of India’s largest investment platforms, has emerged as one of the largest brokers in the country at the end of the previous financial year, with a total client base of three million. With close to 3 million customers, Upstox, set up by Ravi Kumar, Kavitha Subramanian and Shrini Viswanath has set up record growth in the last two to three years, driven largely by the migration of millennials to digital-native trading platforms. The increase in…

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Hyderabad based DRU GOLD Hyderabad opens its 15th store.

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24th December 2020 DRU GOLD, Hyderabad-based trusted goldrecycling start-up, continues to expand its foothold with the launch oftheir 15th store at Chanda Nagar to invite consumers to unlock the optimumvalue from their Gold and Jewellery with the best market exchange rates.The company has expanded its reach to 15 stores, making it the firststart-up company in India to open 15 stores in the year 2020. The storesendeavour to service their customers on a personal level, giving assistanceand transparency through all the steps of gold processing. Commenting on this joyous occasion, *Mr.…

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My Place Group Launches My Place DLVRY

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Lucknow- 28th November,2020  My Place Group Launches My Place DLVRY, a Hyperlocal Last Mile Pay and Order Delivery platform for the first time in the country of India. My Place DLVRY will be providing concierge service to corporates and coworkers of My Place Co-working along with other corporates across country, it will also be doing daily needs delivery of essential products and General merchandise like detergents, processed foods, biscuits namkeen, packed beverages, toiletries, fresh vegetables and fruits in early morning starting from 5:30am to 8:30 AM. These orders can also…

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WoodenStreet to carry out 200 recruitments by the end of 2020 after USD 3 Mn funding

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After a USD 3 Million investment in Q2 of FY21, Jaipur-based customfurniture brand WoodenStreet has racked up its expansion game that entailsmultiple store openings, followed by 200 fresh recruitments in its firsthiring phase before the end of FY21. Despite the pandemic, the companycompleted its round of salary hikes and launched two new experience storeswithin Kolkata and Kochi, continuing its domestic brick-and-mortarexpansion. “At least 10 more stores are in the planning-phase, and we plan to hireabout 200 new personnel to meet the demands of our expansion management andsales”, said Lokendra Ranawat,…

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FreshToHome raises $121M – the largest ever Series C funding in India in Consumer Tech space

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October 27th, 2020: FreshToHome, the world’s largest fully integrated online brand in fresh fish and meat e-commerce raised $121M in Series C funding led by Investment Corporation of Dubai (ICD) – the principal investment arm of the Government of Dubai, Investcorp – a leading global manager of alternative investments, Ascent Capital – a leading India-focused growth capital provider,  U.S. Government’s development finance institution – DFC, the Allana Group and other investors. Iron Pillar, the lead investor from Series B participated in this round with a significant investment of $19M. Barclays was an advisor for…

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WoodenStreet spends USD 1 Million for brick-and-mortar expansion in Kolkata

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With USD 1 Million in investments, custom furniture startup WoodenStreet is expanding into the markets of West Bengal by opening two new Experience Stores in the city of Kolkata – beginning with the launch of the first-ever store in the high-end residential area of Salt Lake. This will later be followed by another store in the next 6 months. This newly-launched store has a carpet area of around 5,000 sqft, and is a one-stop shop for furniture, furnishings and décor accessories. Furthermore, the company plans to take its expansion further…

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