Latest Startup News From The Indian Startup Ecosystem - 03 December 2024

The latest updates from the Indian startup ecosystem, featuring new funding rounds, acquisitions, government policies, investment funds, and more.

Startup Funding:

Bhavish Aggarwal Pledges ₹450 Crore Worth of Ola Electric Shares for Krutrim Loan
Bhavish Aggarwal, the founder of Ola, has pledged 1.10% of his stake in Ola Electric, equivalent to 48.35 million shares, worth approximately ₹450 crore, to secure a loan for Krutrim Data Centre

Agrileaf has Raised Rs 16 crore in Growth Funding
Founded in 2019 by Avinash Rao and Athishay Jain, Agrileaf produces and exports areca leaf tableware, offering high-quality, eco-friendly products.

IFC to invest $20 million in FlexiLoans
The investment will help FlexiLoans grow and make it easier for more MSMEs to access the capital they need. IFC also plans to support FlexiLoans in improving its corporate governance, loan operations, and risk management as the business expands.

Startup News:

Flipkart Enters Medicine Delivery Market with 10-Minute Service
Flipkart has launched a 10-minute medicine delivery service to compete with rivals like Swiggy Instamart and BigBasket. Partners with local chemists to comply with India's drug regulations.

Mumbai Court Issues Contempt Notice to Google CEO Over YouTube's Defiance
A Mumbai court has issued a contempt notice to Google CEO Sundar Pichai after YouTube allegedly failed to comply with a Bombay High Court order to remove a defamatory video.

MATH and Google Join Forces for AI Startup Bootcamp in Hyderabad
MATH (Machine Learning and Artificial Intelligence Technology Hub), in collaboration with Google for Startups, is hosting the AI Academy India Bootcamp from December 4-6 in Hyderabad.

Startup Story:

Sridhar Vembu’s Remarkable Story from 0 Funding to ₹40,000 Cr Worth Company, Zoho Corporation
 Let’s know the story, strategy, motivation, inspiration, and challenges behind this remarkable story.

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