Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiasts. We cover technology startups and breaking developments around them with incisive analysis and deep insights on daily basis. We aim to empower entrepreneurs with the knowledge to make a positive impact on overall tech-driven startup ecosystem. Entrackr provides all the information related to Tech Startup News, Upcoming Startups in India and latest startup news at one platform.
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  • Funding and acquisitions in Indian startup this week [01 – 06 July] This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals at $36.13 million. Leading growth-stage deals included Purplle’s $120 million and OYO’s $50 million rounds. In early-stage, Comet and Watch Your Health were notable. City-wise, Bengaluru led with seven deals. Seed funding topped the series with six deals. Japanese automaker Suzuki launched a Rs 340 crore social impact fund. Significant hires, acquisitions, and closures, including Unacademy layoffs and Koo’s shutdown, marked the week. #Entrackr #IndianStartups #StartupFunding #TechStartups #WeeklyFunding #Funding #Acquisitions #WeeklyFundingReport #FundingReport #Report https://entrackr.com/2024/07/funding-and-acquisitions-in-indian-startup-this-week-01-06-july/
    Funding and acquisitions in Indian startup this week [01 – 06 July] This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals at $36.13 million. Leading growth-stage deals included Purplle’s $120 million and OYO’s $50 million rounds. In early-stage, Comet and Watch Your Health were notable. City-wise, Bengaluru led with seven deals. Seed funding topped the series with six deals. Japanese automaker Suzuki launched a Rs 340 crore social impact fund. Significant hires, acquisitions, and closures, including Unacademy layoffs and Koo’s shutdown, marked the week. #Entrackr #IndianStartups #StartupFunding #TechStartups #WeeklyFunding #Funding #Acquisitions #WeeklyFundingReport #FundingReport #Report https://entrackr.com/2024/07/funding-and-acquisitions-in-indian-startup-this-week-01-06-july/
    ENTRACKR.COM
    Funding and acquisitions in Indian startup this week [01 - 06 July]
    This week, 24 Indian startups raised around $270.3 million in funding. These deals count 4 growth-stage deals and 20 early-stage deals. In the previous week, over 25 early and growth-stage startups cumulatively raised more than $211 million in funds. [Growth-stage deals] Among the growth-stage deals, 4 startups raised $234.2 million in funding this week. E-commerce … Continue reading ""
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  • Funding and acquisitions in Indian startup this week [01 – 06 July] This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals at $36.13 million. Leading growth-stage deals included Purplle’s $120 million and OYO’s $50 million rounds. In early-stage, Comet and Watch Your Health were notable. City-wise, Bengaluru led with seven deals. Seed funding topped the series with six deals. Japanese automaker Suzuki launched a Rs 340 crore social impact fund. Significant hires, acquisitions, and closures, including Unacademy layoffs and Koo’s shutdown, marked the week. #Entrackr #IndianStartups #StartupFunding #TechStartups #WeeklyFunding #Funding #Acquisitions #WeeklyFundingReport #FundingReport #Report https://entrackr.com/2024/07/funding-and-acquisitions-in-indian-startup-this-week-01-06-july/
    Funding and acquisitions in Indian startup this week [01 – 06 July] This week, 24 Indian startups raised $270.3 million, with 4 growth-stage deals totaling $234.2 million and 20 early-stage deals at $36.13 million. Leading growth-stage deals included Purplle’s $120 million and OYO’s $50 million rounds. In early-stage, Comet and Watch Your Health were notable. City-wise, Bengaluru led with seven deals. Seed funding topped the series with six deals. Japanese automaker Suzuki launched a Rs 340 crore social impact fund. Significant hires, acquisitions, and closures, including Unacademy layoffs and Koo’s shutdown, marked the week. #Entrackr #IndianStartups #StartupFunding #TechStartups #WeeklyFunding #Funding #Acquisitions #WeeklyFundingReport #FundingReport #Report https://entrackr.com/2024/07/funding-and-acquisitions-in-indian-startup-this-week-01-06-july/
    ENTRACKR.COM
    Funding and acquisitions in Indian startup this week [01 - 06 July]
    This week, 24 Indian startups raised around $270.3 million in funding. These deals count 4 growth-stage deals and 20 early-stage deals. In the previous week, over 25 early and growth-stage startups cumulatively raised more than $211 million in funds. [Growth-stage deals] Among the growth-stage deals, 4 startups raised $234.2 million in funding this week. E-commerce … Continue reading ""
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  • Awign bags $24.5 Mn in series C, Mynavi now holds 73% stake Awign has raised Rs 203.5 crore ($24.5 million) from Japan’s Mynavi Corporation, now holding a 73% stake. The funds were raised by issuing 11,485 Series C CCPS at Rs 1,77,206 each. Mynavi also bought back shares from existing investors, valuing Awign at Rs 828 crore ($100 million). Founded in 2016, Awign aids enterprises with outcome-based execution and has shown financial growth in FY23, doubling its revenue to Rs 134.35 crore. The HR tech funding space saw a decline to $90 million in 2023. #Entrackr #News #Startup #IndianStartup #Awign #StartupFunding #InvestmentNews #Entrepreneurship #TechNews https://entrackr.com/2024/07/exclusive-awign-raises-24-5-mn-mynavi-now-controls-73-stake/
    Awign bags $24.5 Mn in series C, Mynavi now holds 73% stake Awign has raised Rs 203.5 crore ($24.5 million) from Japan’s Mynavi Corporation, now holding a 73% stake. The funds were raised by issuing 11,485 Series C CCPS at Rs 1,77,206 each. Mynavi also bought back shares from existing investors, valuing Awign at Rs 828 crore ($100 million). Founded in 2016, Awign aids enterprises with outcome-based execution and has shown financial growth in FY23, doubling its revenue to Rs 134.35 crore. The HR tech funding space saw a decline to $90 million in 2023. #Entrackr #News #Startup #IndianStartup #Awign #StartupFunding #InvestmentNews #Entrepreneurship #TechNews https://entrackr.com/2024/07/exclusive-awign-raises-24-5-mn-mynavi-now-controls-73-stake/
    ENTRACKR.COM
    Exclusive: Awign bags $24.5 Mn in series C, Mynavi now holds 73% stake
    Awign has raised Rs 203.5 crore or $24.5 million from Japan-based Mynavi Corporation which will now control 73% stake in the company.
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  • Ola Electric raises Rs 100 Cr debt ahead of IPO IPO-bound Ola Electric raised Rs 100 crore ($12 million) in debt from Alteria Capital, following a $50 million debt funding from EvolutionX. The company issued 10,000 non-convertible debentures with a 13.8% interest rate. Valued at $5.4 billion, Ola Electric filed for an IPO to raise Rs 5,500 crore ($660 million). The company reported a seven-fold revenue increase to Rs 2,631 crore in FY23, despite rising losses. #Entrackr #News #StartupFunding #StartupNews #OlaElectric #IPOBound #FundingNews #DebtFunding #ElectricVehicles #EVMarket #IndiaStartups #InvestmentNews #InvestmentNews #EVGrowth https://entrackr.com/2024/06/exclusive-ola-electric-raises-rs-100-cr-debt-ahead-of-ipo/
    Ola Electric raises Rs 100 Cr debt ahead of IPO IPO-bound Ola Electric raised Rs 100 crore ($12 million) in debt from Alteria Capital, following a $50 million debt funding from EvolutionX. The company issued 10,000 non-convertible debentures with a 13.8% interest rate. Valued at $5.4 billion, Ola Electric filed for an IPO to raise Rs 5,500 crore ($660 million). The company reported a seven-fold revenue increase to Rs 2,631 crore in FY23, despite rising losses. #Entrackr #News #StartupFunding #StartupNews #OlaElectric #IPOBound #FundingNews #DebtFunding #ElectricVehicles #EVMarket #IndiaStartups #InvestmentNews #InvestmentNews #EVGrowth https://entrackr.com/2024/06/exclusive-ola-electric-raises-rs-100-cr-debt-ahead-of-ipo/
    ENTRACKR.COM
    Exclusive: Ola Electric raises Rs 100 Cr debt ahead of IPO
    IPO-bound Ola Electric has raised Rs 100 crore (approximately $12 million) in debt from Alteria Capital.
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  • Battery Smart raises $65 Mn in Series B round Battery Smart secured $65 million in Series B funding led by LeapFrog Investments, with participation from MUFG Bank, Panasonic, and others. The startup, valued around $340 million, will expand its battery-swapping network. It operates 1,000 stations across 30 cities, serving 45,000 customers. The company partnered with Zepto to deploy 1,000 EVs. Revenue grew seven-fold to Rs 55.8 crore, while losses increased to Rs 64.51 crore. Tiger Global holds a 23% stake. #Entrackr #Fintrackr #News #Startup #StartupNews #BatterySmart #Funding #LeapFrogInvestments #FundingNews #BatteryTechnology #RenewableEnergy https://entrackr.com/2024/06/battery-smart-raises-65-mn-in-series-b-round/
    Battery Smart raises $65 Mn in Series B round Battery Smart secured $65 million in Series B funding led by LeapFrog Investments, with participation from MUFG Bank, Panasonic, and others. The startup, valued around $340 million, will expand its battery-swapping network. It operates 1,000 stations across 30 cities, serving 45,000 customers. The company partnered with Zepto to deploy 1,000 EVs. Revenue grew seven-fold to Rs 55.8 crore, while losses increased to Rs 64.51 crore. Tiger Global holds a 23% stake. #Entrackr #Fintrackr #News #Startup #StartupNews #BatterySmart #Funding #LeapFrogInvestments #FundingNews #BatteryTechnology #RenewableEnergy https://entrackr.com/2024/06/battery-smart-raises-65-mn-in-series-b-round/
    ENTRACKR.COM
    Battery Smart raises $65 Mn in Series B round
    Battery tech startup Battery Smart has scooped up $65 million in Series B round led by LeapFrog Investments.
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  • Ixigo raises Rs 333 Cr from anchor investors ahead of IPO Le Travenues Technology Limited, the parent company of Ixigo, offered shares worth Rs 333 crore ($40 million) to anchor investors for its IPO. Ixigo's board approved issuing 3,58,11,405 shares at Rs 93 each. Key investors include SBI, HDFC, Morgan Stanley, and others. Ixigo’s IPO runs from June 10-12, 2024, with a price band of Rs 88-93. The company reported Rs 491 crore revenue and Rs 65.7 crore profit in FY24. #Entrackr #Fintrackr #News #Startup #StartupNews #IxigoIPO #TravelTech #AnchorInvestment #LeTravenuesTech #IPO2024 #StartupFunding #StockMarket #IndiaStartups #TataInvestments #TechInvestments https://entrackr.com/2024/06/ixigo-raises-rs-333-cr-from-anchor-investors-ahead-of-ipo/
    Ixigo raises Rs 333 Cr from anchor investors ahead of IPO Le Travenues Technology Limited, the parent company of Ixigo, offered shares worth Rs 333 crore ($40 million) to anchor investors for its IPO. Ixigo's board approved issuing 3,58,11,405 shares at Rs 93 each. Key investors include SBI, HDFC, Morgan Stanley, and others. Ixigo’s IPO runs from June 10-12, 2024, with a price band of Rs 88-93. The company reported Rs 491 crore revenue and Rs 65.7 crore profit in FY24. #Entrackr #Fintrackr #News #Startup #StartupNews #IxigoIPO #TravelTech #AnchorInvestment #LeTravenuesTech #IPO2024 #StartupFunding #StockMarket #IndiaStartups #TataInvestments #TechInvestments https://entrackr.com/2024/06/ixigo-raises-rs-333-cr-from-anchor-investors-ahead-of-ipo/
    ENTRACKR.COM
    Ixigo raises Rs 333 Cr from anchor investors ahead of IPO
    Le Travenues Technology Limited, the parent company of Ixigo, has offered Rs 333 crore ($40 million) worth of shares to anchor investors.
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  • Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment Zomato is investing Rs 300 crore ($36 million) in its quick commerce arm Blinkit to compete with Swiggy Instamart and Zepto. Additionally, it will invest Rs 100 crore ($12 million) in its subsidiary, Zomato Entertainment. Since acquiring Blinkit (formerly Grofers) in 2022, Zomato has invested Rs 2,300 crore ($277 million) in it. Blinkit recently achieved EBITDA profitability. Competitors Swiggy and Zepto are also significantly investing in quick commerce. #Entrackr #News #StartupNews #Startup #Fintrackr #Zomato #Blinkit #Foodtech #Zepto #SwiggyInstamart #QuickCommerce #StartupFunding #IndianMarket https://entrackr.com/2024/06/zomato-to-invest-rs-400-cr-in-blinkit-and-zomato-entertainment/
    Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment Zomato is investing Rs 300 crore ($36 million) in its quick commerce arm Blinkit to compete with Swiggy Instamart and Zepto. Additionally, it will invest Rs 100 crore ($12 million) in its subsidiary, Zomato Entertainment. Since acquiring Blinkit (formerly Grofers) in 2022, Zomato has invested Rs 2,300 crore ($277 million) in it. Blinkit recently achieved EBITDA profitability. Competitors Swiggy and Zepto are also significantly investing in quick commerce. #Entrackr #News #StartupNews #Startup #Fintrackr #Zomato #Blinkit #Foodtech #Zepto #SwiggyInstamart #QuickCommerce #StartupFunding #IndianMarket https://entrackr.com/2024/06/zomato-to-invest-rs-400-cr-in-blinkit-and-zomato-entertainment/
    ENTRACKR.COM
    Zomato to invest Rs 400 Cr in Blinkit and Zomato Entertainment
    Gurugram-based foodtech major Zomato will pump in Rs 300 crore ($36 million) in its quick commerce arm Blinkit.
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  • Funding and acquisitions in Indian startup this week [27 May-01 Jun] Indian startups raised $387.23 million, comprising 13 growth-stage deals totaling $309.7 million and 20 early-stage deals worth $77.53 million. Major deals include SEDEMAC, Infra.Market, and Ather Energy. Bengaluru led with 15 deals, followed by Delhi-NCR. E-commerce, fintech, and EV sectors dominated. Seed funding led with 8 deals. Funding decreased by 13% from the previous week. Notable hirings include InCred's COO appointment. Seven funds were launched, and notable acquisitions include BharatX acquiring Zenifi. ESOP buybacks and potential market moves were observed. Various financial results and news flashes were reported. Notable launches include Shopsy by Flipkart and Q-Zap by Razorpay. #Entrackr #Fintrackr #Funding #Acquisitions #Startup #WeeklyRoundup #WeeklyReport #Report #WeeklyFundingReport #StartupNews https://entrackr.com/2024/06/funding-and-acquisitions-in-indian-startup-this-week-27-may-01-jun/
    Funding and acquisitions in Indian startup this week [27 May-01 Jun] Indian startups raised $387.23 million, comprising 13 growth-stage deals totaling $309.7 million and 20 early-stage deals worth $77.53 million. Major deals include SEDEMAC, Infra.Market, and Ather Energy. Bengaluru led with 15 deals, followed by Delhi-NCR. E-commerce, fintech, and EV sectors dominated. Seed funding led with 8 deals. Funding decreased by 13% from the previous week. Notable hirings include InCred's COO appointment. Seven funds were launched, and notable acquisitions include BharatX acquiring Zenifi. ESOP buybacks and potential market moves were observed. Various financial results and news flashes were reported. Notable launches include Shopsy by Flipkart and Q-Zap by Razorpay. #Entrackr #Fintrackr #Funding #Acquisitions #Startup #WeeklyRoundup #WeeklyReport #Report #WeeklyFundingReport #StartupNews https://entrackr.com/2024/06/funding-and-acquisitions-in-indian-startup-this-week-27-may-01-jun/
    ENTRACKR.COM
    Funding and acquisitions in Indian startup this week [27 May-01 Jun]
    As many as 39 Indian startups raised around $387.23 million in funding this week. These deals count 13 growth-stage and 20 early-stage deals.
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  • Indian startups raised $1.3 Bn in May, highest funding in 2024 so far In May, Indian startups secured over $1.3 billion in funding, notably driven by Google-Flipkart's $350 million deal. The month witnessed 128 deals, including 39 growth-stage and 66 early-stage fundings. Notable developments include the emergence of two unicorns and a 29% month-on-month increase in funding. Bengaluru led in city-wise deals, while e-commerce and fintech dominated segment-wise. M&A activity slightly declined, while layoffs decreased sharply. Despite challenges, confidence in the market remains strong. #Entrackr #Fintrackr #MonthlyFundingReport #Report #Funding #Startups #News #IndianStartups https://entrackr.com/2024/06/indian-startups-raised-1-3-bn-in-may-highest-funding-in-2024-so-far/
    Indian startups raised $1.3 Bn in May, highest funding in 2024 so far In May, Indian startups secured over $1.3 billion in funding, notably driven by Google-Flipkart's $350 million deal. The month witnessed 128 deals, including 39 growth-stage and 66 early-stage fundings. Notable developments include the emergence of two unicorns and a 29% month-on-month increase in funding. Bengaluru led in city-wise deals, while e-commerce and fintech dominated segment-wise. M&A activity slightly declined, while layoffs decreased sharply. Despite challenges, confidence in the market remains strong. #Entrackr #Fintrackr #MonthlyFundingReport #Report #Funding #Startups #News #IndianStartups https://entrackr.com/2024/06/indian-startups-raised-1-3-bn-in-may-highest-funding-in-2024-so-far/
    ENTRACKR.COM
    Indian startups raised $1.3 Bn in May, highest funding in 2024 so far
    Investments in Indian startups reached a new height in May as the total funding influx crossed the $1.3 billion threshold
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  • BluSmart raising $24 Mn in pre Series B BluSmart Mobility, an EV ride-hailing and charging hub operator, is raising Rs 200 crore ($24 million) in a pre-Series B funding round by issuing over a million preference shares. This capital-intensive company, founded in 2019, operates 4,400 EV chargers and 7,000 vehicles, competing with Ola and Uber with a unique scheduled pick-up model. Despite significant revenue growth, from Rs 160 crore in FY23 to Rs 390 crore in FY24, audited financials are pending. BluSmart is also expanding to Dubai. #Entrackr #Fintrackr #News #Startup #StartupNews #BluSmart #ElectricVehicles #GreenMobility #SustainableTransport #Startup #DubaiLaunch #RevenueGrowth https://entrackr.com/2024/05/blusmart-raising-24-mn-from-existing-investors/
    BluSmart raising $24 Mn in pre Series B BluSmart Mobility, an EV ride-hailing and charging hub operator, is raising Rs 200 crore ($24 million) in a pre-Series B funding round by issuing over a million preference shares. This capital-intensive company, founded in 2019, operates 4,400 EV chargers and 7,000 vehicles, competing with Ola and Uber with a unique scheduled pick-up model. Despite significant revenue growth, from Rs 160 crore in FY23 to Rs 390 crore in FY24, audited financials are pending. BluSmart is also expanding to Dubai. #Entrackr #Fintrackr #News #Startup #StartupNews #BluSmart #ElectricVehicles #GreenMobility #SustainableTransport #Startup #DubaiLaunch #RevenueGrowth https://entrackr.com/2024/05/blusmart-raising-24-mn-from-existing-investors/
    ENTRACKR.COM
    BluSmart raising $24 Mn in pre Series B
    BluSmart Mobility, an EV ride-hailing service and EV charging superhub infrastructure operator, is raising Rs 200 crore ($24 million).
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