Tamil Nadu-based startup Space Zone India on Saturday launched its first reusable aircraft hybrid rocket, RHUMI-2024 Missionaboard a mobile platform to conduct research on global warming and climate change. Space Zone India, based in the city, has been carrying out several projects under the Mission I RUMINATE in the last two years. The RHUMI rocket … Read more
Efficient Capital Labs (ECL), a revenue-based financing provider that provides non-dilutive capital to B2B SaaS companies, recently announced that it has raised $11 million in a Series A. funds round co-led by QED Investors and 645 Ventures. Riverside and Generalist, FJ Labs and Eudemian Ventures also participated in the round. Prior to this round, ECL … Read more
The RHUMI mission is claimed to be the world’s first mobile launch of a hybrid rocket | Credit: X 3 minutes reading time Last update: August 24, 2024 | 12:31 pm IS Tamil Nadu-based startup Space Zone India on Saturday launched its first reusable hybrid rocket, Mission RHUMI-2024, aboard a mobile platform to conduct research … Read more
Gururam-based angel investment platform Turning Point Ventures announced today a complete exit from Fashor with an IRR of 33%. The firm said it has achieved 3.75X MoM (money on money) with this exit within 54 months of investing in the startup. Last week, Jaipur-based D2C womenswear brand FASHOR raised $5 million in financing in a … Read more
Water purification brand Livpure has raised Rs 233 crore (approximately $28 million) in the last funds round led by London-based investment firm M&G Investments through its Catalyst investment strategy. While M&G invested Rs 208 crore, the remaining Rs 25 crore was contributed by Ncubate Capital Partners, the investment arm of Livpure’s parent company SAR Group. … Read more
Food delivery giant led by Deepinder Goyal Zomato is acquiring the company led by Vijay Shekhar Sharma from Paytm show ticketing business worth Rs 2,048 crore (or approximately $244 million). Paytm’s entertainment ticketing business includes ticket sales for movies, sports and events (live shows). Paytm’s parent company to transfer its ticketing business to Zomato As … Read more
Indian Insurance Technology firm Dekho Insurance has announced significant leadership appointments as part of its strategic effort to drive innovation and growth. These appointments are expected to strengthen the company’s leadership team and advance its mission to revolutionize the insurance industry in India. Who are the new executive appointees? Manish Mahajan has been appointed Chief … Read more
Gurugram-based food delivery giant Zomatothat competes with Swiggy is about to go publichas shut down ‘Zomato Legends’ two years after its launch with immediate effect. Explaining the reason for the closure, CEO Deepinder Goyal, in a post on X (formerly Twitter), said the company was unable to find a suitable product-market fit for Zomato Legends. … Read more
Ben & Gaws Private Limited, which runs manufacturing technology startup Fabrication Bazar, has raised $3 million in pre-Series A funding. funds round led by Physis Capital. Also participating in the round were Japan-based Venture Capital ICMG and an existing investor. Turning Point Venturesa Gurugram-based angel investment firm. What does Fabrication Bazar do? Founded by Dwaipayan … Read more
Mangaluru-based Hangyo Ice Cream has raised $25 million (roughly Rs. 211 crore) in a funds round led by Faering Capital. The company plans to use the capital raised to enhance production capabilities, accelerate new product development and expand its market presence, particularly in South India. The presence of Hangyo Ice Cream Founded in 2003 by … Read more
