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The latest updates from the Indian startup ecosystem, featuring new funding rounds, acquisitions, government policies, investment funds, and more.
Startup Funding:
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Suniel Shetty-Backed Klassroom Raises Pre-Seed A Funding
Suniel Shetty-backed Klassroom Edutech, an education-focused OTT platform, has raised undisclosed funding in its pre-Series round, led by ah! Ventures.
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CargoFL Raises Rs 6.75 Cr Seed Funding Led By YourNest VC
CargoFL, a B2B logistics technology platform, has raised Rs 6.75 crore in its seed funding round, led by YourNest Venture Capital.
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Accel Secures $650 Million Corpus for Eighth India Fund
Accel, an early investor in Flipkart and Swiggy, has closed its eighth India-focused fund, securing $650 million from investors, as per regulatory filings reported. This brings Accel's total investments in India close to $3 billion.
Startup News:
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Nasscom Foundation Appoints Jyoti Sharma as New CEO
Nasscom Foundation announced on Thursday that Jyoti Sharma has been appointed as its new CEO, effective immediately. She takes over from Nidhi Bhasin and brings over 20 years of experience.
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Bajaj Auto Takes the Lead in Two-Wheeler EV Sales for December
Bajaj Auto has taken the lead in India’s two-wheeler EV market, surpassing Ola Electric in December. VAHAN data shows Bajaj sold 18,276 EVs, capturing a 24.93% market share, while Ola Electric sold 13,769 units with an 18.78% share.
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WPP's OpenDoor Names Deepa Jatkar as India Head
WPP, Global advertising giant has appointed Deepa Jatkar as the India lead for OpenDoor, its unit focused on managing Amazon’s media planning and buying operations.
Startup Story:
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India-based Mindgrove Technologies: Story of Building A Multi-Million Dollar Semiconductor Startup
T.R. Shashwath and Sharan Jagathrakshakan, Co-founder of Mindgrove Technologies Pvt. Ltd has shown that seizing an idea at the right moment and with the right people can lead to a life-changing journey.
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