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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:
Open-Source AI Software Startup Pipeshift Raises $2.5Mn Seed Funding
Pipeshift, an open source artificial intelligence (AI) infrastructure startup has raised $2.5 million in a seed funding round led by Y Combinator and SenseAI Ventures.
IIFL Fintech Fund Secures Rs 200 Cr second fund
IIFL Fintech Fund, supported by the IIFL Group, has closed its second fund after raising Rs 200 crore from local family offices and high-net-worth individuals (HNIs).
Premium Beer Startup Medusa Gets Rs 56 Cr In Series A Funding
The New Delhi-based Medusa Beverages, a craft beer brand has raised Rs 56 crore in its Series A funding round to expand manufacturing and distribution capabilities.
Startup News:
PharmEasy Changes Leadership As Three Co-Founders Step Down
Bengaluru-based online pharmacy company PharmEasy is going through a big change as three co-founders—Dharmil Sheth, Dhaval Shah and Hardik Dedhia—have stepped back from the company.
Paytm, Razorpay, Six Other Payment Gateways In ED Crosshairs for Rs 500 Cr Crypto Scam
The Enforcement Directorate (ED) has started an investigation into nine payment gateways, including Razorpay, PayU and Paytm, freezing Rs 500 crore in their virtual accounts, according to the media report.
Drone Startup DroneAcharya Announces Strategic Merger With AVPL
BSE-listed drone company DroneAcharya Aerial Innovations has signed a term sheet with AVPL International, run by AITMC Ventures Ltd, for a strategic merger.
Startup Story:
noo-gah! - A dedicated app to harness the power of opinions
noo-gah! is an equal opportunity, neutral platform that provides you with a digital podium to air your thoughts & opinions.
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