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Sep 16
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Health Monitoring Startup Dozee Raises ₹12.5 Crore In Funding

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Health Monitoring Startup Dozee Raises ₹12.5 Crore In Funding

Published on 16th Sept, 2020 | 1 min read

Bengaluru: Remote health monitoring startup, Dozee has raised ₹12. 5 crore in its new round of funding from Prime Venture Partners, YourNest Venture Capital and 3one4 Capital. “Healthcare is a basic necessity and everyone deserves quality care. Over the last 5 years led by intense R&D, our focus has been to hone Dozee as the most convenient, accurate, and cost-effective health monitor that can easily reach masses. We are thrilled to get support from brilliant product thinkers and market experts in PrimeVP, YourNest and 3one4, in our growth journey to touch a billion lives,” said Mudit Dandwate, CEO & co-founder, Dozee. During the ongoing covid-19 pandemic, over 1200 Dozee sensors have been deployed in over 20 quarantine centres across eight states in India. “Recent events have accelerated the need for realtime vitals sensing, home health care, and continuum care. Dozee has shown tremendous agility in this context to combine deep technology and healthcare expertise into a scalable and sustainable sensor and data platform in the form of their step down ICU system,” said Pranav Pai, managing partner, 3One4 Capital.

Sep 16
0

Airmeet Raises $12 Mn Led By Sequoia Capital, To Accelerate Global Expansion

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Airmeet Raises $12 Mn Led By Sequoia Capital, To Accelerate Global Expansion

Published on 16th Sept, 2020 | 1 min read

NEW DELHI: Virtual events platform Airmeet has raised $12 million in Series A funding led by new investors Sequoia Capital India and Redpoint Ventures. “With digitization of largely traditional spaces leapfrogging by years, the $800+ billion global offline events space is up for grabs. There is massive potential for players who drive the industry’s transition towards online-events”, said Abhishek Mohan, vice-president, Sequoia Capital India LLP. While meetings, webinar categories existed with more popular alternatives like Zoom and Skype, Mangal said platforms such as Airmeet have not been conceptualised for peer-to-peer interactions. Airmeet does not require an event organiser to have a subscription. Professional communities like Microsoft for Startups, Linux Foundation and Florida International University have hosted their events on Airmeet with a maximum of 10,000 participants. “There is an excitement for virtual conferences now, and we want to create a global platform to enable community managers and event organizers across the world to engage with and expand their audience,” he said.

Sep 15
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Paytm First Games Ropes In Sachin Tendulkar As Brand Ambassador

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Paytm First Games Ropes In Sachin Tendulkar As Brand Ambassador

Published on 15th Sept, 2020 | 1 min read

MUMBAI: Paytm First Games, a subsidiary of the digital financial service platform Paytm, has signed cricketing legend Sachin Tendulkar as the brand ambassador for the platform, ahead of the 2020 edition of the Indian Premier League. Paytm First Games has also set aside Rs 300 crore to spend on marketing and promotions during the remaining six months of the current financial year, to grow its market share in the space currently dominated by Dream11. “As India’s homegrown gaming platform, our vision is to get the sports fans closer to the action with fantasy sports,” said Sudhanshu Gupta, COO Paytm First Games. “With Sachin as a brand ambassador, we wish to inspire mobile gaming enthusiasts to experience fantasy sports which are about tactics, strategic planning and research.” As its brand ambassador, Tendulkar will help PFG in creating awareness about the genre of fantasy sports in the country. “Cricket is an engaging sport, and we all tend to have opinions about the game – right from player selection to playing strategies. Paytm First Games will give fans the opportunity to don their thinking hats and experience the thrill of making the correct choices and getting their teams to win,” Tendulkar said. PFG offers over 50 games, where the most popular is fantasy sports.

Sep 15
0

CashKaro raises $10M in Series B round led by Korea Investment Partners

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CashKaro raises $10M in Series B round led by Korea Investment Partners

Published on 15th Sept, 2020 | 1 min read

CashKaro, a Gurugram-based cashback and coupons site, has secured $10 million in Series B funding round led by Korea Investment Partners and existing investor, Kalaari Capital. “CashKaro has seen incredible growth over the last two years, while consistently reducing losses. We felt it was the right time to raise money and use it to tactically scale up marketing, open up new brand building avenues, user-acquisition, product development, and hiring new talent.” CashKaro’s business model is that it is a marketing channel for 1500+ ecommerce sites like Amazon, Flipkart, Myntra, Ajio, etc. Brands pay CashKaro commission for every transaction driven, and CashKaro passes a large portion of this as cashback to its members. “India is a growing market for us and CashKaro is a great way for us to participate in the Indian ecommerce industry. CashKaro and EarnKaro together have shown exceptional unit metrics and we are really excited to be a part of India’s affiliate story,” added Hudson Kyung-sik Ho, Managing Partner of KIP. According to Rajesh Raju, Managing Director of Kalaari Capital, who also participated in the Series B round of funding, “CashKaro has grown more than 5x in the last 12 months, have been ROI focussed, and is a clear market leader today. We foresee some truly exciting times for CashKaro in the coming years.”

Sep 15
0

The Moms Co Raises $8 Million From Saama, DSG, Others

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The Moms Co Raises $8 Million From Saama, DSG, Others

Published on 15th Sept, 2020 | 1 min read

The Moms Co has raised $8 million from Saama Capital and DSG Consumer Partners, along with angel investors. The mom and baby care brand has raised $10 million so far including the latest round. The Moms Co works with experts across India, Australia and Switzerland to create products that are safe and natural, using ingredients that are globally accepted to be toxin-free. The brand, with its 30-product portfolio and one million transacting customers, has focused on catering to the mom and baby market – from pregnancy to postpartum and baby care. The Moms Co competes with Johnson & Johnson, Cetaphil, Sebamed, Aveeno and Himalaya across some product categories, as well as Sequoia Capital-backed MamaEarth. In a few years, The Moms Co has established a niche for natural products and trust, given its early tie-ups with maternity hospitals across the metros. “Over the last few months, we have seen an accelerated trend of moms re-evaluating their choices when it comes to the personal care products they use. They are searching for natural and safe products,” Sadani said.

Sep 15
0

Tiger Leads $225 Mn Dream11 Fundraising

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Tiger Leads $225 Mn Dream11 Fundraising

Published on 15th Sept, 2020 | 1 min read

Dream Sports, India’s most valuable online gaming startup, has secured $225 million in new funding, led by Tiger Global Management, TPG Tech Adjacencies and ChrysCapital, as investors bet on the country’s nascent but fast-growing e-sports business. Footpath Ventures also invested in the company that runs the Dream11 fantasy sports platform, the startup said in a statement on Monday. “We are proud to continue adding value to our 10 crore Indian sports fans, investors, employees and the overall sports ecosystem in India. In the last two years, we have grown beyond fantasy sports to sports content, merchandise, streaming, experiences, and there is much more to come,” said Harsh Jain, CEO and co-founder, Dream Sport. Parent Dream Sports was valued at $700 million in September 2018, when it raised $100 million from Chinese internet giant Tencent. Gross revenue of online fantasy sports operators has nearly tripled to ₹2,400 crore in the year ended 31 March 2020 from ₹920 crore in the previous year, according to a FIFS-KPMG 2020 report. Apart from offering fantasy gaming, the startup launched a multi-sport aggregator platform for sports fans, FanCode in 2019.

Sep 14
0

Govt Is Working On Credit Guarantee, Seed Fund Schemes For Startups: DPIIT

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Govt Is Working On Credit Guarantee, Seed Fund Schemes For Startups: DPIIT

Published on 14th Sept, 2020 | 1 min read

NEW DELHI : The Department for Promotion of Industry and Internal Trade is working on two schemes – credit guarantee and seed funds – to support startups in the country, a top government official has said. DPIIT Secretary Guruprasad Mohapatra said that an inter-ministerial consultation process is on to work out the contours of the two schemes. “We are working on a credit guarantee scheme and a seed fund scheme. Both are under inter-ministerial consultations,” the secretary told PTI. He said there would be a corpus in the credit guarantee scheme which would be given to banks and they will leverage that to lend to startups. This scheme would give banks a comfort to lend, he said adding that it is for credit not for venture capital. On the seed fund scheme, Mohapatra said that most startups actually face problems in raising finance or funds in the ideation to the proof of concept stage. Some states like Gujarat and Kerala already have schemes like seed funds, but they are small, he said. Both the schemes would require approval of the finance ministry and then the DPIIT would seek nod of the Union Cabinet for these two schemes.

Sep 14
0

India Startup Rankings: Gujarat, Andaman And Nicobar Best Performers

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India Startup Rankings: Gujarat, Andaman And Nicobar Best Performers

Published on 14th Sept, 2020 | 1 min read

Gujarat and Andaman and Nicobar Islands are the best performer in the government’s ranking of startup-friendly states for 2019. Karnataka and Kerala have been hailed as “Top performers” while Maharashtra, Bihar, Odisha, Rajasthan and Chandigarh emerge as leaders in the ranking done by the Department for Promotion of and Internal Trade, CNBC-TV 18 reported. The ranking is based on each state’s or union territory’s efforts to foster innovation and entrepreneurship, also commensurate with its size. Haryana, Jharkhand, Punjab, Telangana and Uttarakhand have been ranked under the “Aspiring leaders” category. Andhra Pradesh, Assam, Chhattisgarh, Delhi, Himachal Pradesh, Madhya Pradesh, Sikkim, Tamil Nadu and Uttar Pradesh have been listed as “Emerging hubs” for startups, the report said. States are ranked on performances in categories such as institutional support, easing compliances, relaxation in public procurement norms, incubation support, seed-funding support, venture funding support and awareness and outreach. Minister for Commerce and Industry Piyush Goyal also recommended that startups be focused on product, processes, and people.

Sep 14
0

Kerala Bags ‘Top Performer’ Honour In States’ Startup Ranking 2019

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Kerala Bags 'Top Performer' Honour In States' Startup Ranking 2019

Published on 14th Sept, 2020 | 1 min read

THIRUVANANTHAPURAM : Kerala has bagged the “Top Performer” honour for developing a strong start-up ecosystem for the second consecutive year in the States’ Startup Ranking 2019, announced by the Centre, recognising the state as a leader across all pillars of startup ecosystem. While four states were adjudged as the top performers last year, only Kerala and Karnataka have been selected this year, a press release said. The States’ Startup Ranking Framework 2019, prepared by the Department for Promotion of Industry and Internal Trade of the Ministry of Commerce and Industry, recognized Electronics and Information Technology Department of the state government as an institutional leader, regulatory change champion, procurement leader, incubation hub, seeding innovation leader, and scaling innovations leader. Initiatives like robust venture funding mechanism for start-ups are being implemented through the Kerala Startup Mission, the nodal agency for entrepreneurship development and incubation activities in the state. The ‘State/UT Startup Ranking Framework’ 2019 is spread across seven areas of intervention with a total of 30 action points, as compared to the 38 action points in the Previous Year State Ranking Framework.

Sep 14
0

Around 20% Of Online Train Ticket Inventory Has Opened Up For Public: RailYatri

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Around 20% Of Online Train Ticket Inventory Has Opened Up For Public: RailYatri

Published on 14th Sept, 2020 | 1 min read

Bengaluru: Around 20% of train ticket inventory has opened up for online booking within months of resumption of train services in the northern and southern states, said a top executive of online train tracking and booking platform RailYatri. RailYatri’s online train booking platform is currently seeing around 2,500-3,000 daily bookings, which is around 50% of the demand it had before March. “We have recovered to about 50-55% of the bookings that we used to process before March 2020. This is because only about 15-20% of the trains’ inventory. We used to process around 5,500-6000 daily bookings before March,” Manish Rathi, chief executive, RailYatri said in an interview. It also provides train ticket PNR predictions, similar to other tech startups such as Confirmtkt, Railofy, and IRCTC, which launched a prediction feature on its online ticket booking platform in May 2018. Apart from train bookings, RailYatri also offers bus booking options, but this option is mostly dedicated to users whose train tickets are wait-listed. Mint reported on May 2019 that around 40% of the daily 600,000 train bookings made in India, via both online and offline medium, go directly into a wait-list, as per data sourced from Confirmtkt. Black-marketing of tickets, low capacity on non-premium trains and the rising influence of middlemen in train ticketing are contributing factors to wait-listed tickets.