Ronnie Screwvala-backed Edtech Startup Lido Learning files for bankruptcy, 6 months after asking over 1,200 staffers to quit

Another fledgling company is struggling to gain traction. Lido Learning, an edtech startup that once thought about merging, has filed for bankruptcy because it doesn’t have enough money to pay its teachers and former employees. Sahil Sheth is the Founder and Chief Executive Officer of Lido. Lido Learning, founded in 2019, provides live online tuition classes […]

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Daalchini, a retail tech startup, has raised $4 million in funding led by Unicorn India Ventures

On September 7th, retail tech startup Daalchini raised $4 million in a Series A funding round led by Unicorn India Ventures. Artha Venture Fund, former CEO of Domino’s India Ajay Kaul, and VSS Investco, an investment arm led by Vijay Shekhar Sharma, CEO of fintech unicorn Paytm, were among the existing investors who took part in […]

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Ranveer Singh Made His First Startup Investment in Sugar Cosmetics

As part of its Series D fundraising round, the beauty and cosmetics company SUGAR Cosmetics has attracted Bollywood actor Ranveer Singh as an investor. The amount of the funding was not made public by the company. $50 million was raised by SUGAR Cosmetics in May 2022 as part of its Series D round, which was […]

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Agritech startup Loopworm raises $3.4 million in seed funding led by Omnivore, WaterBridge

On August 24, the agritech startup Loopworm announced that it had secured $3.4 million in seed funding from investors led by Omnivore and WaterBridge Ventures. Titan Capital was joined in this round by angel investors such as Nadir Godrej of Godrej Agrovet, Sanjiv Rangrass, formerly of ITC, and Akshay Singhal of Log9 Materials. In a […]

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Finance Minister Announces Millet Challenge With Rs 1 Cr Prize Each For 3 Startups

On Saturday, Nirmala Sitharaman, the Finance Minister of India, announced the “Millet Challenge” for startups. The competition will award three winners with a seed grant of Rs 1 crore each to create innovative solutions for and across the millets value chain.  In addition, she declared that the University of Agricultural Sciences in Raichur would receive […]

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IT Ministry to Support 10,000 Startups Over the Next Five to Six Years : IT Secretary

On Tuesday, Alkesh Kumar Sharma, the secretary of the Ministry of Electronics and IT (Meity), announced that the government aims to promote more than 10,000 startups in the next 5–6 years under the GENESIS programme. Kumar added that he hasn’t noticed any startups actively seeking funding but rather looking for growth opportunities. “There is no […]

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“XYXX”, The Men’s Lifestyle Brand, Raises Rs 90 Cr in Series B Backed by Singularity Growth Opportunities Fund

An investment round headed by Singularity Growth Opportunities Fund and includes Rs 15 crore ($2 million) in  venture financing from Trifecta Capital has closed for XYXX, a millennial-friendly brand in the men’s innerwear and  comfort-wear space. The financing was joined by previous investors Sauce Venture Capital and DSG Consumer  Partners. The total amount raised by […]

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Meet the young couple building the next-gen Fintech for Millennials

Bengaluru-based Fintech startup, MoneyPlanned has secured funding from Expert Dojo (International Accelerator VC), Mr Sameer Khan (Executive Director at DBS Bank, Singapore), Mr Ajay Prabhu (President at Quest Global) and a clutch of other prominent angels in January 2022. MoneyPlanned is simplifying goal-based financial planning & investments for 400+ Million urban earning Indians. Nearly 85% […]

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Dorsey hands the Helm of Twitter to Aggarwal, It’s a Smart Move or Under Pressure…

Another step-up of the era, generation of Indian geek engineers rewritten into hard-charging global technology business leaders. India-born Parag Agarwal soar to the top post on Twitter on 30th Nov 2021. The 37-year-old Mumbai born computer scientist has replaced co-founder Jack Dorsey as CEO at a crucial stage. The world’s largest microblogging platform, Twitter is […]

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India, ‘The Womb for Startups’ Exposed to International Investors at Elevate III

You are in India… Thinking about owning a startup …. But worried how to get investment… Well, you are in luck!  The third-largest provider of startups, India has joined hands with ‘Elevate’ to become the number one. Over the last three Expo, Elevate has bagged a large number of investors for Indian startups. On Sunday […]

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