Mehul Shroff, an MBA graduate, from Madhya Pradesh uses garbage and banana stems to create natural fibres for a variety of eco-friendly handicrafts while earning lakhs of dollars each month and saving countless farmers their hard earned money. Burhanpur in Madhya Pradesh, a significant banana-growing region, with about 16,000 hectares of land devoted exclusively to […]
Prodo, a startup specialising in on-demand manufacturing, raises a $1 million seed investment. The funding round was led by Inflection Point Ventures, with participation from Titan Capital, LetsVenture, and Dholakia Ventures. Prodo was founded by Sameen Husain and Abhiroop Srivastava in May 2021. This startup is a platform for on-demand production and purchasing. It aids […]
PeakMind is a digital platform with the mission of empowering students by cultivating in them the traits of competitiveness, performance motivation, optimism, mindfulness, and mental toughness necessary for competitive success and holistic development. The Bangalore-based startup was founded by Neeraj Kumar, Manish Chowdhary, Parth Sharma & Sandeep Gautam. The Parents’ PeakMind The three co-founders realised […]
The unified payment interface, or UPI, the ecosystem has seen the rise of Walmart-owned PhonePe, which routinely dominates in terms of volume and value. Its scale, which more than doubled to reach Rs 1,646 crore during FY22, further demonstrates its dominance in UPI payments. However, even if more slowly, the number of unpaid losses has […]
E-mobility startup Motovolt Mobility raises $1.9 million, or Rs 16 crore, in a pre-series A investment that was backed by Wami Capital. The D2C firm Pee Safe’s creator, Vikas Bagaria, also contributed to the funding round. The money raised will be used largely to launch new products, launch marketing campaigns, and expand Motovolt’s distribution network […]
As advertising expenditures and other costs skyrocketed, Bengaluru-based D2C food tech unicorn ‘Licious‘ consolidated net loss more than doubled to INR 855.7 Cr in the fiscal year 2021–2022 (FY22). In FY21, Licious recorded a net loss of INR 369.8 Cr, an increase of approximately 2X from the loss of INR 146 Cr in FY20. Although […]
ProcMart, a B2B marketplace for purchasing based out of Noida, has raised $10 million in a Series A round that was led by Sixth Sense Ventures. According to a press release from the company, the latest funds will be used for worldwide expansion, bolstering vendor relationships, and improving technology and warehousing capabilities. ProcMart is a […]
Ani Sanyal and Ayan Sanyal, brothers, founded the Kolkata Chai Co. in New York City to bring true desi chai to a worldwide audience. They were inspired by their school breaks in Kolkata. Ayan and Ani Sanyal, two brothers in their 30s now, looked forward to their favorite time of the year as soon as […]
Betafi, a platform for unified user research, raises $1.3 million in pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital, with Nir Eyal and founders from startups like Razorpay, Pine Labs, Snapdeal, Livspace, and others also taking part. The Singapore-based startup was founded by Arjun Arora and Ethan Sherbondy in 2020. Arjun earned […]
Strong unit economics helped the Delhi-based, bootstrapped SaaS company Wingify maintain its momentum in FY22 as revenue approached the Rs 200 crore threshold. According to annual financial documents submitted to the Registrar of Companies, Wingify’s operational revenue in FY22 was Rs 191 crore, up from Rs 155 crore in the prior financial year (RoC). The […]