Trending Startups News – 26 Aug 2023

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India Achieves Historic Lunar Milestone with #Chandrayaan3 Soft Landing on the Moon

India’s Chandrayaan 3 spacecraft successfully soft-landed on the Moon on September 7, 2023, marking a major milestone in the country’s space program.

The lander, Vikram, touched down on the lunar surface in the South Pole region of the Moon. The landing was confirmed by the Indian Space Research Organisation (ISRO).

SuperBottoms Raises $5 Million in Series A1 Funding for Mom and Baby Care Products Expansion

SuperBottoms, a startup specializing in mom and baby care products, has raised $5 million in Series A1 funding. The round was led by Lok Capital and Sharrp Ventures, with participation from existing investors DSG Consumer Partners and Saama Capital.

The funding will be used to expand SuperBottoms’ product offerings within the mom and baby care space, as well as to enhance its physical store presence. The company plans to add more products to its lineup, such as diapers, wipes, and feeding supplies. It also plans to open new stores in key cities across India.

Kombai Secures $4.5M Seed Funding to Revolutionize Frontend Development with AI-Generated UI Code

Kombai, an AI-powered front-end development platform, has secured $4.5 million in seed funding. The round was led by Accel, with participation from Sequoia Capital India, Antler India, and angel investors such as Gokul Rajaram, Ashish Singla, and others.

The funding will be used to accelerate Kombai’s product development and expand its team. The company plans to add new features to its platform, such as the ability to generate code for different frameworks and devices. It also plans to open new offices in key cities across the globe.

ZEVO Secures Funding from Agility Ventures to Drive Sustainable Supply Chain Solutions Expansion

ZEVO, a pioneer in electric last-mile delivery, has secured funding from Agility Ventures, a leading climate tech venture capital firm. The funding will expand ZEVO’s fleet of electric vehicles and micro-fulfillment centers and develop new sustainable supply chain solutions.

Agility Ventures is a venture capital firm that invests in climate tech companies. The firm has a strong track record of investing in successful companies, such as Flexport, Arrival, and Volta.

Qatar Investment Authority Commits Rs 8,278 Cr Investment in Reliance Retail

Reliance Retail Ventures Limited (“RRVL”), the retail arm of Reliance Industries Limited (“RIL”), announced today that Qatar Investment Authority (“QIA”) has committed to invest Rs 8,278 crore (~$1.1 billion) for a 0.99% equity stake in RRVL.

This investment values RRVL at Rs 8.70 lakh crore (~$110 billion). QIA is one of the largest sovereign wealth funds in the world, with assets under management of over $450 billion.

Chandrayaan-3 Sets Streaming Record with 5.6M Viewers Witnessing India’s Lunar Mission

India’s Chandrayaan-3 lunar mission has set a streaming record, with over 5.6 million people tuning in to watch the live broadcast of the spacecraft’s soft landing on the Moon.

The live broadcast was aired on Doordarshan, India’s national television network, and on several other channels and platforms. The high viewership is a testament to the excitement and interest that the Chandrayaan-3 mission has generated in India and around the world.

Meesho Aims to Enable Digital Transformation for 10 Million Sellers by 2027

Meesho, a social commerce platform, has announced that it aims to enable digital transformation for 10 million sellers by 2027. The company will achieve this by providing sellers with access to its technology platform, marketing support, and financial services.

Meesho is one of the leading social commerce platforms in India. The company has over 20 million sellers and 100 million customers. Meesho’s platform allows sellers to sell products on social media platforms, such as Facebook and Instagram.

Youngest Chess Prodigy, Praggnanandhaa, Takes on Carlsen in 2023 World Cup Final

The 2023 World Cup Final is set to be a clash of the generations, with the youngest chess prodigy, Rameshbabu Praggnanandhaa, taking on the defending champion, Magnus Carlsen.

Praggnanandhaa is just 16 years old, but he has already established himself as one of the world’s top chess players. He is the youngest grandmaster in history and has won several major tournaments, including the Sinquefield Cup in 2022.

IIMA’s CIIE.CO Collaborates with RBI’s Innovation Hub to Enable Credit Access for Women MSMEs

The Indian Institute of Management Ahmedabad’s (IIMA) Centre for Innovation, Incubation and Entrepreneurship (CIIE.CO) has collaborated with the Reserve Bank of India’s (RBI) Innovation Hub to enable credit access for women micro, small and medium enterprises (MSMEs).

Portkey.ai Raises $3M Funding to Accelerate Creation of AI Apps for Businesses

Portkey.ai, a startup that provides a platform for businesses to create AI apps, has raised $3 million in funding. The round was led by Lightspeed Venture Partners, with participation from angel investors, including notable figures from AWS, OpenAI, Cloudflare, Postman, and Asana.

Yummy Plate Raises $2 Million Funding to Expand School Meal Services Across India

Yummy Plate, a startup that provides subscription-based meal services to schools, has raised $2 million in funding. The round was led by K12 Techno Services, an educational services platform, with participation from other investors, including DSG Consumer Partners and Saama Capital.

EY-Nasscom Report: 99% of Indian B2B SaaS Firms Embrace Deep-Tech Innovation

A recent report by EY-Nasscom has found that 99% of Indian B2B SaaS firms are embracing deep-tech innovation. The report, titled “DeepTech Potential in Indian B2B SaaS”, found that Indian SaaS firms are increasingly using deep-tech solutions to address the challenges faced by their customers.

Shortage of Deep Tech Talent Could Hinder Growth of Indian B2B SaaS Firms, Nasscom Report Finds

A recent report by Nasscom has found that a shortage of deep tech talent could hinder the growth of Indian B2B SaaS firms. The report, titled “DeepTech Potential in Indian B2B SaaS”, found that there is a lack of skilled professionals in areas such as artificial intelligence (AI), machine learning (ML), and natural language processing (NLP).

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