startups news

Fitness-tech startup Fittr gets $11.5 million from Dream Capital, Elysian Park

Fittr will use the funding to step up growth and expansion into new markets, including North America, the United Kingdom, and Singapore, which currently account for 30% of the fitness-tech startup’s overall revenue.   Online fitness marketplace Fittr, community-based health, and online fitness marketplace have raised $11.5 million in Series A funding led by Dream …

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Apna becomes youngest startup to enter unicorn club in 21 months

Apna.co, a professional networking platform for blue- and grey-collar workers, has entered the coveted club, or those companies with a valuation of $1 billion or more, in just 21 months, the fastest Indian startup to do so.   Funding Raised The company said it had raised $100 million in a new financing round, led by existing investor Tiger …

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How Switzerland can emerge as a startup destination for Indian entrepreneurs

Switzerland can emerge as a major destination for Indians looking to set up their new enterprises in a global financial center.   Indian entrepreneurs A large number of Indian entrepreneurs are looking to tap Switzerland’s startup ecosystem to set up their new enterprises there with the Alpine nation planning to bolster its appeal as a …

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Switzerland wants to be a haven for Indian startups, not ‘black money’

According to a statement from the Swiss government, the Federal Council has asked the Federal Department of Economic Affairs, Education and Research to examine the country’s startup ecosystem.   Indian startups Switzerland is looking to bolster its appeal as a preferred location for Indian startups through a number of globally competitive measures, even as it …

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India becomes third largest startup ecosystem in the world.

India has emerged because the third largest startup ecosystem on this planet after the US and China and the tempo of progress isn’t displaying any indicators of slowing down.   Three Unicorn Added In India During the last yr, India has added three unicorns each month taking the overall rely on 51, forward of the …

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Indian trio reap $500 million each selling payments startup.

When three advisors from Arthur Andersen LLP set out to create a digital payments company at the turn of the millennium, they got the first institutional support from an Indian state-run lender. Proses NV this week bought BillDesk for $4.7 billion, bringing the three to invest half a billion dollars for their combined 31% stake. …

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Startups playing key role in enhancing India-US ties: Ambassador Sandhu

India has a unique startup ecosystem and there has been a significant push from the current government to encourage entrepreneurship, the country’s Ambassador to the US Taranjit Sandhu said.   India has a unique startup ecosystem and there has been a significant push from the current government under Prime Minister Narendra Modi to encourage entrepreneurship through …

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Startup for elderly to launch service in Kochi

Alserv, which offers non-real estate based services to senior citizens, targets serving about 500 customer families in Coimbatore district by 2022.   Technology-based startup Jagadish Ramamoorthy, co-founder and director of Alserv, told The Hindu that the technology-based startup has roped in over 50 verified vendors to offer services under five broad categories – food and catering, housekeeping …

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Facebook eyes Indian startups for investments

It’s not simply the behemoth Reliance Jio that Facebook has earmarked for investments in India.   Social-media The American social-media big eyes an even bigger share of the burgeoning and profitable Indian startup ecosystem because it seems an early-stage firm on the traces of its investments in social commerce platform Meesho and edtech enterprise Unacademy, each of whom has …

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An $8.8 bn IPO wave sweeps across India as investors bet on startups

The catalyst, in a word, is Zomato Ltd. The food-delivery startup went public in July.   Money raised in IPOs The market for initial public offerings in India is turning into a feeding frenzy. The amount of money raised in IPOs this year has reached $8.8 billion, already surpassing the totals of the past three years though …

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