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The latest updates from the Indian startup ecosystem, featuring new funding rounds, acquisitions, government policies, investment funds, and more.
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Witness the game changers of tomorrow! Rising India 2025 unveils the inspiring journeys of pioneers shaping the future. Are you ready to explore? 🚀
Startup Funding:
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Nabhdrishti Aerospace Raises $3 Mn Seed Funding Led By Accel
The startup will use the funds to boots the developement and testing its engine prototypes and hire more talent. It plans to expand its team in the coming years to support its growing products and customers.
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Droom Secures $3 Mn Funding To Fuel Its IPO Plans
The investment will also help Droom move faster in refiling its initial public offering (IPO) papers this year.
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VAHDAM India Raises $3 Mn Funding Led By SIDBI Venture
D2C tea brand VAHDAM India said that the investment will strengthen its cash reserves and balance sheet.
Startup News:
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Spend Management Firm Zaggle Raises Stake In Mobileware With Rs 7.25 Cr Investment
Zaggle said this move will strengthen its position in spend management and the SaaS fintech sector. Last year, Zaggle acquired a 26% stake in Mobileware (now known as 86400) for Rs 15.6 crore.
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Indian Govt Announces a Rs 1,000 Cr Funding Scheme To Boost Space Sector Startups
The investment will be spread over five years: Rs 150 crore in 2025-26, Rs 250 crore each for the next three years, and Rs 100 crore in 2029-30.
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Zypp Electric Layoffs 10% Workforce Over ‘Performance’ Issues
Co-founder and CEO Akash Gupta said that the layoffs were part of a "rationalization" process aimed at improving efficiency, growth, and profitability.
Startup Story:
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Cozy Stay, A Coliving Startup Is Rescripting the Tale of City Living
Founded in 2021, Cozy Stay, a coliving platform is redefining the lives of millennials by endowing a comfortable and relaxing living environment in the heart of the city. Headquartered in Bangalore, Cozy Stay is winning the heart of the young minds with their one-of-a-kind tech-integrated business model.
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