Why the Centre is betting big on Ather – and why it makes sense
Look, the government just dropped Rs 200 crore into Ather Energy through that India-Japan Fund. Direct equity stake, sitting alongside […]
Startups
Don’t outsource your thinking to the algorithm
As AI floods social media with confidence and convenience, the real risk is not misinformation alone—it is how easily judgment gets automated.
What Went Wrong with BluSmart?
BluSmart Mobility, once heralded as India’s answer to sustainable urban transportation, has fallen from grace in a spectacular fashion. Launched
First Indian startups picked for Indo-US defence programme, report
The companies include space imaging company KaleidEO, rocket makers EtherealX and AI-driven company Shyam VNL. They will participate in a programme for defence and dual-use technology and explore opportunities to work with the U.S. Defense Innovation Unit, the Department of Defense and other government agencies on satellite observation and emerging space and defence technologies.
SpaceTech startup OrbitAID raises $1.5 Million in Pre-Seed round led by Unicorn India Ventures
The Company has recently tested its patented SIDRP on a zero gravity flight in Florida successfully. This test has further validated SIDRP’s capabilities for on-orbit mission critical steps including docking, refueling and proximity operations. This successful demonstration is a major milestone in SIDRP’s precision and accuracy in simulated space conditions taking the company a step closer to their mission of disrupting the outer space market.
GrayQuest raises Rs 80 Crore ($9.3M) in its Series B Equity Funding Round
GrayQuest offers educational institutions a first of its kind, unified payments platform to enable them to digitize & boost their fee collection. It’s platform enables institutions to offer their students & parents multiple tailor-made payment options, including a convenient monthly payment option to pay their annual education fees without bearing any extra costs.
Caspian Debt to Merge with BlackSoil Capital
After the merger is complete and regulatory approvals are received, Caspian Debt will be fully integrated into BlackSoil, a press release said. This strategic amalgamation will position BlackSoil, the combined entity, as one of the largest players in the alternative credit segment it operates in
RBI gives fintech SRO status to FACE
Of the remaining two applications, one application has been returned with a provision for resubmission after meeting certain requirements. The third application is under examination, the RBI said.
Wealthtech platform InvestorAi raises Rs 80 crore in Series A from ace investor Ashish Kacholia and associates
AI-powered equity investment platform InvestorAi on August 22 announced that it has raised Rs 80 crores in a Series A round from well known investor Ashish Kacholia, Founder, Lucky Investment Managers and his associates. Funds raised will be used for scaling the business and adding new products. Positron, a Mumbai based Consulting and Capital Advisory firm, was the exclusive advisor to the transaction.
TransBnk raises $4 million in Series-A funding round led by 8i Ventures, Accion
The round was led by 8i Ventures, the early-stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, among others. The round was co-led by Accion Venture Lab, a global impact investor backing early-stage fintech startups that expand financial access worldwide. The round also saw contributions from GMO Venture Partners, Ratio Ventures, Force Ventures along with a prominent group of family offices, institutions, and angel investors.