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Today Startup News 29 November 2024 - The Indian Startup Ecosystem

Today Startup News 29 November 2024 - Latest startup funding highlights include major rounds in artificial intelligence, healthcare, and e-commerce sectors.

By Vijay Yadav
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Daily News

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


Startup Funding:

WadzPay Secured SGD $50 Mn in form of Share Subscription Facility 
WadzPay Secured SGD $50 Mn in form of Share Subscription Facility

The agreement establishes a Share Subscription Facility granting WadzPay the option to call upon GEM to subscribe for Ordinary Shares up to a total value of SGD 50 million.


Incuspaze to Raise $25 Million in Pre-IPO Funding
Incuspaze to Raise $25 Million in Pre-IPO Funding
Due to the growing demand for flexible workspaces, Incuspaze plans to open new centers in Delhi-NCR, Pune, Bengaluru, and Hyderabad. In July, Incuspaze leased around 580,000 square feet of office space in Gurugram to meet rising corporate demand.


Zomato has Secured Rs 8,500 Ce through a QIP
Zomato has Secured Rs 8,500 Cr through a QIP

The raised funds will strengthen Zomato’s financial position and support its business growth and strategic plans. The offering, which ran from November 25 to November 28, was approved by Zomato’s Fund Raising Committee.


Startup News:

MyWays.ai launches Zeko AI, an enterprise SaaS for faster team scaling.
MyWays.ai launches Zeko AI, an enterprise SaaS for faster team scaling
Zeko AI uses GenAI to help businesses grow faster by identifying the right candidates and conducting conversational audio-video interviews for tech and non-tech roles.


Fedo.ai has partnered with Electronic Village
Fedo.ai has partnered with Electronic Village
The partnership will give Electronic Village members real-time health and wellness insights using advanced technology. Members can compare their health metrics with global and regional standards.


 Tata Consultancy Services Partners With IIT KGP
Tata Consultancy Services Partners With IIT KGP
Located in the institute’s research park in New Town, Kolkata, the TCS Research Center will feature three state-of-the-art laboratories where over 150 TCS scientists will explore cutting-edge technologies and push the boundaries of innovation.


Startup Story:

Duo Brothers Generated ₹3 Cr. by Transforming Agri-Waste

Duo Brothers Generated ₹3 Cr. by Transforming Agri-Waste
They built a successful business focused on making a global impact and creating a sustainable future through innovative waste management and eco-friendly practices.

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NODWIN Gaming Buys Trinity Gaming for Rs 24 crore

NODWIN Gaming announced that its acquisition of 100% of Trinity Gaming will be a mix of secondary sales and stock swaps, totaling up to Rs 24 crore. 

By Ayushi Jain
New Update
NODWIN Gaming Buys Trinity Gaming for Rs 24 crore

Nazara Technologies-owned NODWIN Gaming has acquired Trinity Gaming, a gaming agency and platform MCN/CSP, for Rs 24 crore. As part of the deal, Trinity Gaming will become a wholly owned subsidiary of NODWIN Gaming. This acquisition follows NODWIN's previous purchases of Comic Con India, Freaks 4U Gaming, Publishme, Branded and Ninja Global.

NODWIN Gaming announced that its acquisition of 100% of Trinity Gaming will be a mix of secondary sales and stock swaps, totaling up to Rs 24 crore. 

The payment will include Rs 4.8 crore in cash and Rs 19.2 crore in NODWIN Gaming shares. As part of the deal the founders of Trinity will become shareholders of NODWIN Gaming and continue to lead the business.

NODWIN Gaming plans to expand Trinity's portfolio into emerging markets like Africa, Southeast Asia, Central Asia, and the Middle East, using NODWIN Gaming's existing businesses and areas.

Akshat Rathee, Co-Founder of NODWIN Gaming said, "We are thrilled to welcome Trinity Gaming into the NODWIN Gaming family. Trinity’s deep understanding of India’s gaming creator ecosystem, coupled with its expertise in brand partnerships, agency activations, content creation, and community engagement, will be pivotal in further strengthening our footprint in the region. This acquisition allows us to offer more holistic solutions to our partners from content creation to marketing services, while continuing to build a thriving gaming ecosystem in India,".

NODWIN Gaming will merge its Unpaused Talent business with Trinity, with Trinity's founders leading the combined business.

About Trinity Gaming

Trinity Gaming, founded in 2019 by Abhishek Aggarwal and Shivam Rao, has become a key player in India's gaming influencer scene. It is a Creator Service Provider (CSP) for Meta and the only Gaming MCN for YouTube in India.

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