Tuesday, September 29

Startup

IIT-M Backed Startup HELYXON Conferred with COVID Champion Award at CII Connect 2020
News, Startup

IIT-M Backed Startup HELYXON Conferred with COVID Champion Award at CII Connect 2020

Chennai, Sept. 23, 2020: Helyxon Health services, an IIT-M backed start-up was honoured with the COVID Champion award by CII Tamil Nadu chapter. The award, as part of its annual flagship IT conference - CII Connect 2020, was bestowed upon the company for its concentrated efforts towards easing the pain-points of healthcare system during the time of crisis through its latest invention OXY2, a 4-in-1 remote monitoring system and a holistic patient engagement platform, EPICare. A widely adopted system amongst hospitals in the state, Helyxon’s OXY-2 is a wireless patient monitoring device that does continuous monitoring of four critical parameters – Temperature, Oxygen Saturation, Respiratory Rate and Heart Rate. EPICare has been largely instrumental in providing remote monitoring solu...
Crowdera and HubSpot to Co-organize Pro-bono Startup Acceleration Bootcamp
News, Startup

Crowdera and HubSpot to Co-organize Pro-bono Startup Acceleration Bootcamp

New Delhi, Sept. 22, 2020: Crowdera, a SaaS technology company and fee-free global online fundraising platform for nonprofits and social innovators is coming together with HubSpot to organize a free "Startup Acceleration Bootcamp” designed to benefit the start-ups and SMEs. The 3-day bootcamp will help the participating businesses in establishing a strong and efficient tech stack right in their early days which is crucial for long term success. Crowdera together with HubSpot will share a combination of knowledge and technology in this bootcamp which will be held on September 24th, 29th & October 1st, 2020 from 1:00PM - 2:30PM IST. Chet Jainn, Founder & CEO, Crowdera said, “The Startup Acceleration Bootcamp will be beneficial for emerging businesses generating revenue ~20...
GirnarSoft Commits to Invest $20 Million in InsuranceDekho
Investment, News, Startup

GirnarSoft Commits to Invest $20 Million in InsuranceDekho

Mumbai, Sept. 22, 2020: GirnarSoft announced plans to invest $20 Million in its subsidiary, InsuranceDekho, an omni channel insurance platform. They will use the funds to invest in branding and strengthening their tech, product and sales teams. InsuranceDekho sells insurance through a unique advisory led model leveraging on both online and offline distribution networks. These funds will also be used to strengthen InsuranceDekho’s transaction businesses and further expand its footprint deeper into the country. InsuranceDekho recently announced plans to onboard 1 lakh insurance advisors across country. They have already enrolled 20,000 advisors successfully. “InsuranceDekho started as a modest initiative to complete the ecosystem play. Over the years, under Ankit’s leadership, it has ...
IIM Udaipur Incubation Center Announces Third Cohort of Launch-n-Zoom 3.0
Startup

IIM Udaipur Incubation Center Announces Third Cohort of Launch-n-Zoom 3.0

Udaipur, Sept. 17, 2020:  IIM Udaipur’s Incubation Center announced ‘Launch-n-Zoom 3.0', a 3-month accelerator cohort program designed to provide startups with the resources and support they need to grow quickly, test the market, and become viable. Startups who have their prototype/MVP ready and are in the process of scaling/marketing their products in the Education, Healthcare, and Fintech Sector stand eligible for this program. “Designed with the idea of "Improving human well-being through entrepreneurship" the program will aim to scale up various startups profitably, and comes with mentor driven coaching, networking, and virtual classroom sessions.” A small number of high potential startups will be selected to take part in the 12-week program beginning from November 1st. Through ...
Inflection Point Ventures Invests in AFK Gaming
Startup

Inflection Point Ventures Invests in AFK Gaming

Mumbai, Sept. 17, 2020: AFK Gaming, an esports content platform that focuses on Asian content for a global audience has raised $200k in a Pre-Series A round from Inflection Point Ventures, an early-stage investing platform. AFK Gaming’s website has scaled its reach 4X since January of this year. The company is founded by ex pro-gamers, commentators, and gaming experts. The founding team Nishant Patel, Rakesh Ramchandran&Siddharth Nayyar (all gamers and esports enthusiasts themselves) have leveraged on their first-mover advantage in the Asian mobile esports content market, with the company clocking over15 million monthly impressions across the web, video, and social media. Vinay Bansal, Founder & CEO, IPV said, "The ongoing pandemic has introduced us to many aspects of ke...
CashKaro Raises USD 10 Mn in Series B Funding
News, Startup

CashKaro Raises USD 10 Mn in Series B Funding

New Delhi, Sept. 15, 2020: CashKaro, Cashback and Coupons site has secured USD 10 million in a Series ‘B’ funding round led by Korea Investment Partners (KIP) and existing investor Kalaari Capital. The company had previously raised its Series ‘A’ and angel round of funding from Kalaari Capital, Mr. Ratan Tata, and London-based angel investors. “CashKaro has seen incredible growth over the last 2 years, while consistently reducing losses. We felt that it was the right time to raise money and use it to tactically scale up marketing, open up new brand building avenues, user-acquisition, product development, and hiring new talent. Our new Social Cashback app EarnKaro has launched about a year ago and seeing its fast growth, we are all very excited to deploy more funds towards its expansion...
NSRCEL Launches Women Startup Program
Startup

NSRCEL Launches Women Startup Program

Bengaluru, Sept. 09 2020: NSRCEL, the startup and innovation hub at the Indian Institute of Management Bangalore, has launched the third cohort of the women’s startup program, one of India’s largest startup programs for women. First launched in 2016, with the support of Goldman Sachs, the program continues to catalyze aspiring women entrepreneurs to reach their goals. The program focuses on the Government of India’s vision of ‘Atmanirbhar Bharat’ and ‘Vocal for Local’. The third cohort of the Women Startup Program received more than 10,000 applications from 34 states and union territories across India. The applications received are from early-stage and idea-stage startups of female founders between the ages of 18-60 years. Encouraging response The majority of the appl...
BluSmart Raises $7 Million in Its Pre-series A Round Funding
Startup

BluSmart Raises $7 Million in Its Pre-series A Round Funding

Mumbai, Sept. 07, 2020: BluSmart, an all-electric ride-hailing platform has raised $7Mn / Rs. 51 Cr in funding from multiple investors including Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd., JITO Angels, Lets Venture Fund, and Kaplavriksh Fund. BluSmart will utilize the funding to expand the number of cars on the platform, set up more charging infrastructure, technology improvements and expand the geographical reach. BluSmart is also in discussions to raise venture debt. BluSmart had previously raised $3Mn in seed round in Sept 2019. BluSmart is an all-electric, on-demand ride-hailing mobility platform led by serial entrepreneurs Anmol Singh Jaggi and Punit K Goyal. The founding team has been expanded with senior profess...
Chennai Start-up ‘Agnikul Cosmos’ Conferred with  TiE50 Awards
Events, Startup

Chennai Start-up ‘Agnikul Cosmos’ Conferred with TiE50 Awards

CHENNAI, September 04, 2020: TiE50, a global prestigious award that recognizes top technology and technology-enabled start-ups, this year awarded 50 top entrepreneurs from across the world at TiECON 2020, the flagship conference of TiE Silicon Valley.  Out of these 50, ten top start-ups were selected to pitch their ideas to Mr Tim Draper, the legendary American venture capital investor from the Draper’s family.   Nominated by TiE Chennai, Agnikul Cosmos, a Chennai based start-up that builds rockets (launch Vehicles), was selected among the top 10 start-ups, pitch to Mr. Tim Draper as part of ‘Meet the Drapers`, a popular reality show in the United States.  The prestigious TiE50 Award recognizes outstanding start-ups each year contesting in the TiE Silicon Valley’s premier annual awards...
WinZO Raises $18MM in Series B Investment Round
News, Startup

WinZO Raises $18MM in Series B Investment Round

MUMBAI, September 03, 2020: With the goal of disrupting Bharat’s vernacular entertainment, WinZO has announced its $18MM Series B investment round led by global interactive entertainment fund, Makers Fund based in Singapore, and New York-based Courtside Ventures.  Both funds are making their first-ever investment in India through WinZO. WinZO plans to strengthen its content pipeline, captivate mobile-first consumers and their gaming needs, and become the go-to gaming app in India. The company’s revenue has grown 1500% and acquired 20MM users in the last 12 months, on the back of a strong word of mouth,product market fit with players who spend more than 45 minutes everyday on WinZO’s platform. WinZO  has achieved this on the back of their dense network of vernacular micro...