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YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Friday, May 17, 2024.

In a 2022 promotional video, Robby Clark stands at the bow of a yacht, arms raised to the sky as a camera circles overhead. "You can stick me in the desert with nothing and I’m going to come out owning the desert," he says. Less than two years later, his Ontario real estate empire is under bankruptcy protection, owing hundreds of lenders tens of millions of dollars.

Drone manufacturing startup ideaForge has raised $20 Mn in a Series B funding round led by private equity firm Florintree.

Wealth management platform Nivesh raises $1.6m led by Indian Angel Network Photo: Reuters May 4, 2021 Wealth management platform, Nivesh, on Tuesday said it has raised $1.6 million, led by Indian Angel Network (IAN) Fund. The round also saw participation from other angel investors including LV Angel Fund. According to the company, the freshly infused capital will be utilised for expansion of its product portfolio, specifically towards introducing newer insurance and credit products. The company is also expected to use the funding towards technology enhancement by bringing in automation and us...

Apr 8, 2021 The fifth batch of Lab32 will commence on 15 March 2021 with selected startups that bring in leading-edge solutions for industries, such as health-tech, fintech, smart mobility, sustainability and edtech, among others. Thirty to thirty-five startups will be shortlisted from applications after a focused and extensive screening process. Interested startups can apply on https://bit.ly/3dDtAZH or email lab32@t-hub.co. Applications close on 6 March 2021. The program will continue with its hybrid model launched last year owing to the pandemic. It will enable more entrepreneurs...