Trending Startup’s News – 16 July 2023

This week, 22 Indian startups raised funding of about $119 million. LetsTransport and Netweb Technologies were the top fundraising startups that scooped up $25 million and $23 million respectively.

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Bollywood Actor Suniel Shetty Invests in India’s REGRIP

Gurugram, India – July 15, 2023 – Bollywood actor Suniel Shetty has announced an investment in REGRIP, India’s first re-engineered tyre start-up brand. The partnership was announced at an event held in Gurugram on July 15, 2023.

EV aggregator LetsTransport raises $25 million from Bertelsmann, others

Bengaluru, India – July 15, 2023 – LetsTransport, an EV aggregator that provides last-mile and mid-mile logistics services, has raised $25 million in a funding round led by Bertelsmann India Investments (BII). The round also saw participation from existing investors such as Blume Ventures and Sequoia Capital India.

Rapture Innovations Labs selected for SoundTech Accelerator programme

Bengaluru, India – July 15, 2023 – Rapture Innovations Labs, an audio technology startup from India, has been selected for the SoundTech Accelerator Programme, a world-renowned program that supports startups innovating in sound and acoustics. Rapture is the only startup selected outside of Europe for the program.

Amazon Prime Video announces reality series ‘Mission Start Ab’ to support young startups

New Delhi, India – July 12, 2023 – Amazon Prime Video has announced a new reality series called ‘Mission Start Ab’, which will support young startups in India. The series will feature 10 startups that have been selected by a panel of judges, including Ajay Kumar Sood, Principal Scientific Adviser to the Government of India.

OPPO India, AIM collaborate to set up first PPP-model Atal Tinkering Lab

New Delhi, India – July 14, 2023 – OPPO India and the Atal Innovation Mission (AIM) have collaborated to set up the first PPP-model Atal Tinkering Lab (ATL) in Kerala. The lab was inaugurated on July 10, 2023, at St Paul’s CEHSS in Kuriachira, Thrissur, by Rajeev Chandrashekhar, the Minister of State for Skill Development and Entrepreneurship and Electronics and Information Technology.

ixigo launches ChatGPT plugin, AI trip planner

Gurugram, India – July 15, 2023 – ixigo, India’s leading travel booking platform, has launched a ChatGPT plugin and AI trip planner. The plugin allows users to interact with ixigo’s travel search engine through conversational AI. Users can ask questions about travel destinations, hotels, flights, and other travel-related topics. ixigo’s AI trip planner uses ChatGPT to generate personalized itineraries based on user preferences.

Aye Finance allocates Rs 100 Cr for Shakti Loans

New Delhi, India – July 16, 2023 – Aye Finance, a leading fintech lender, has allocated Rs 100 crore for its Shakti Loan program. The program is designed to provide credit to women-led micro-enterprises.

Binance lays off over 1,000 employees, including 36 in India

Mumbai, India – July 16, 2023 – Binance, the world’s largest cryptocurrency exchange, has laid off over 1,000 employees, including 36 in India. The layoffs come as the company faces increasing regulatory scrutiny and a downturn in the cryptocurrency market.

Visa launches women-focussed grants programme

Bengaluru, India – July 14, 2023 – Visa, the global payments technology company, has launched the She’s Next Grants Program in India. The program is designed to support women-led businesses with grants of up to $10,000.

AngelOne appoints ex-Apple, Infosys exec as CXO

Mumbai, India – July 16, 2023 – AngelOne, a leading stockbroking platform in India, has appointed Deepak Chandani as its Chief Data Officer (CDO). Chandani is a seasoned technology executive with over 25 years of experience in the IT industry. He has held senior positions at Apple, Infosys, and Wipro.

DealShare appoints Saurabh Kishore as Chief Technology Officer

Gurugram, India – July 15, 2023 – DealShare, a leading social commerce platform in India, has appointed Saurabh Kishore as its Chief Technology Officer (CTO). Kishore is a seasoned technology executive with over 20 years of experience in the IT industry. He has held senior positions at Target, Tata Cliq, and IBM.

Article by CA Pankaj Dara

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