Today Startup News 29 November 2024 - The Indian Startup Ecosystem

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
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
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 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
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
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
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
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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