Insight

B:Live, India's fastest-growing multi-brand EV platform, has partnered with Medikabazaar – India’s leading medical marketplace, to help the latter adopt EVs for its delivery operations. The deployment of electric two-wheelers represents a significant shift towards sustainable mobility solutions. By opting for EV 2-wheelers, Medikabazaar aims to reduce carbon emissions and promote eco-friendly transportation alternatives.

The second fund's final close has been announced by early-stage venture capital firm Pi Ventures, which makes investments in deep tech and artificial intelligence firms. With a total investment of Rs 702 crore ($85 million), the fund closed above its target of Rs 565 crore.

Let's Get Happily, a mental health app, launched by famous actor and financier Suniel Shetty in collaboration with Manun Thakur, the CEO and founder of Veda Rehabilitation & Wellness.

Indian cricketer Ajinkya Rahane invested an unidentified amount in the dairy substitute business OATEY. Rahane was also chosen to serve as the startup's brand ambassador as part of the business deal.

A platform for students and graduates looking for jobs, Unstop, has secured $5 million in its initial funding round, which was led by the Japanese employment board Mynavi. Along with Coursera, Venture Catalysts, 9Unicorns, and Caret Capital, this fundraising round included them.

A first-of-its-kind People and Culture Accelerator has been developed by CIIE.CO at IIM-Ahmedabad to speed up 30 businesses. The three-month programme is open to startups in the pre-series A to series B range and will include an intensive bootcamp on the IIM Ahmedabad campus, customised mentoring, and other advantages for startups to overcome a range of HR-related challenges, such as recruiting, handling performance, attrition, formalisation, etc.

India Start-up Foundation, a prominent Not-for-profitorganization supporting the growth and development of the Indian Start-Up ecosystem,announced 2nd edition of India Startup Festival (ISF) 2023 from 10th to 12th August 2023 at Muddanahalli, Bengaluru.

A front-door B2B diesel delivery firm named The Fuel Delivery has secured $2 million from Drake Trade and Investment Pte. Ltd. The investor from Singapore will contribute additional working cash to help The Fuel Delivery with its expansion goals. 

Gurugram-based non-banking financing company Clix Capital received about Rs 1,200 crore in debt capital, of which about Rs 164 crore came out of the Global Climate Partnership Fund for further lending to sustainable projects.

Farmology, an agritech platform that caters to farmers, has received an undisclosed sum in the Seed fundraising round headed by iAngels and supported by India Accelerator. HNIs and industry experts like Sunil Nair, Siladitya Sarangi, and others participated in the investment round as well.