Startup ecosystem in India remains robust despite challenges: Report
It has been aided by government initiatives and favorable market conditions
Source: theweek.in
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Crib: PropTech startup Crib to invest $1 million in digitising student housing and co-living market
PropTech startup Crib invests $1 million in 'Crib Plus' to digitize India's student housing and co-living market, serving over 1000 landlords managing 2500 properties and 1,50,000 beds. Founded in 2021, Crib targets an annual rental exceeding Rs 2,500 crores and aims to cater to large-scale student housing and co-living brands. India's residential rental market exceeds USD 20 billion, with the co-living market projected to double by 2024, indicating significant growth potential. Crib has raised over 2M$ from investors like Rebright Partners, PayTM's Vijay Shekhar Sharma, and Cred's Kunal Shah.
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.
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