Startup news and updates: Daily roundup (May 29, 2024)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, May 29, 2024.
Source: yourstory.com
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Tech startups DiFacto, three others raise early-stage funding; BharatX acquires Zenifi
Deeptech startup DiFacto, climatetech startup EcoRatings and foodtech startup Devigere Biosolutions and antimicrobial manufacturer Nanosafe, secured early-stage funding, while YCombinator-backed BharatX has acquired healthcare finance ......
Source: vccircle.com
Deals in brief: Openspace Ventures leads Series B investment in Fano Labs, Edukita and Happynest bag funding, seven India investment deals, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific.
Source: kr-asia.com
Dexif, four others secure early-stage funding
Fintech startup Dexif, business-to-business-to-consumer fresh fruit platform Fresh From Farm, consumer brand Kyari, apparel marketplace Culture Circle and Plotline secured early-stage funding, the companies said ......
Source: vccircle.com
The pandemic broke co-living's back. Startups need a reset
Remember Oyo Living? The co-living vertical of Oyo Hotels & Rooms once had big plans but scaled down the business in 2021. Many other startups did the same—during the pandemic, co-living was the worst hit among all real estate sectors. Now, a revival is in the works.
Source: livemint.com
Startup ecosystem in India remains robust despite challenges: Report
It has been aided by government initiatives and favorable market conditions
Source: theweek.in
Crib: PropTech startup Crib to invest $1 million in digitising student housing and co-living market
PropTech startup Crib invests $1 million in Crib Plus to digitize Indias student housing and co-living market, serving over 1000 landlords managing 2500 properties and 1,50,000 beds. Founded in 2021, Crib targets an annual rental exceeding Rs 2,500 crores and aims to cater to large-scale student housing and co-living brands. Indias residential rental market exceeds USD 20 billion, with the co-living market projected to double by 2024, indicating significant growth potential. Crib has raised over...
Shaifali Jain Ramakant Sharma Livspace Ankur Aggarwal Dunzo Ravi Bhushan Brightchamps Vijay Shekhar Sharma Pay Ghazal Alagh Mamaearth
Source: indiatimes.com
Illumine-I, two others raise early-stage funding
Design and engineering firm Illumine-i, artificial intelligence (AI) startup Segwise and sweets maker Scandalous Foods have secured early-stage funding, the companies said on Wednesday. Illumine-i Illumine Industries ......
Source: vccircle.com
Indian startup fundraising rebounds to touch $2.29b in Q4 but shrinks 56% YoY
Indian startups scooped up $2.95 billion in the October-December quarter (Q4), marking a 32% increase in funding over Q3.
United Kingdom India Deal Review Clove Dental Husk Power Systems Inflection Point Ventures Urban Matrix
Source: dealstreetasia.com
EV logistics startup Evify raises USD 1.3 mn in funding, Auto News, ET Auto
Evify, an electric vehicle logistics firm, said it has raised USD 1.3 million in funding in a pre-series A round led by venture capital firms GVFL and Piper Serica Angel Fund.
Source: indiatimes.com