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The image features three individuals associated with Indian startup success. The man sitting in the center is Prashant Warier the founder of Qure.ai, a healthcare AI company. On the left is Mukesh Bansal, a well-known entrepreneur and investor, while on the right is Khadim Batti, co-founder of the tech startup Whatfix. The banner highlights Indian startup funding with the text "$461 Million | 29 Startups," against a lime-green background with abstract white lines, celebrating the entrepreneurial achievements of these individuals.

29 Indian Startups Flourish with $461 Million in Fresh Funding This Week

During the week, 29 Indian startups raised $461 million, with 10 growth-stage startups securing $397.7 million. Whatfix led with $125 million, followed by M2P Fintech ($101.8 million), Qure.ai ($65 million), and others. Early-stage startups raised $63.32 million, with Nurix AI leading the pack. Bengaluru dominated city-wise funding, while AI startups led in sectors. Seed funding led series-wise with 10 deals. Several new funds were launched, including a ₹200 crore fund by Optimistic Capital. Key hirings and acquisitions also shaped the ecosystem, alongside layoffs at PayU Finance.

By
Anurag Trivedi
Schmooze app interface on a smartphone next to a smiling woman, Vidya Madhavan, co-founder of Schmooze. The app screen displays a meme featuring a monkey, symbolizing the platform's meme-based dating approach. The Schmooze logo, featuring a cute animated character wearing a hat and glasses, is placed in the center, with a light green background and playful doodles.

AI-led Dating App Schmooze raises $4 million in Series A funding round

Schmooze, an AI-powered dating platform, raised $4 million in its Series A round led by Elevation Capital, with angel investors from UltraHuman, The Souled Store, Mosaic Wellness, and Paytm. Founded by Vidya Madhavan and Abhinav Anurag, Schmooze matches users based on personality and humor through memes, moving away from appearance-based dating. In 10 months, the platform has gained over 1 million users and boasts a 3x better female-to-male ratio than mainstream apps. Schmooze’s AI evolves with each interaction, offering quirky match insights and enhancing user storytelling. Beyond dating, it tackles Gen Z’s loneliness through features like Roast AI and Rant AI, creating more meaningful connections.

By
Anurag Trivedi
The image features the AWS logo on the left, with a large number "7" in the center, accompanied by the text "Indian Startups" below. On the right, a person with a magnifying glass observes a webpage, symbolizing research or innovation. The orange and dark blue color scheme enhances the visual appeal, highlighting AWS’s selection of seven Indian startups for their generative AI accelerator program.

AWS Selects 7 Indian Generative AI Startups for Global Accelerator Program

AWS has selected seven Indian generative AI startups for its Global Generative AI Accelerator program, the largest group from any Asia-Pacific country. Startups like Convrse, House of Models, and Neural Garage will receive up to $1 million in AWS credits, technical support, and mentorship. This initiative will help them scale globally using AWS's AI infrastructure, including tools like Amazon SageMaker and AWS Trainium. These startups will also present their innovations at the re event in Las Vegas, providing opportunities for global exposure and investor connections.

By
Anurag Trivedi
Group photo of five team members standing together in front of The Hosteller logo on a bright yellow background. Two men and one woman from V3 Ventures are seen wearing black shirts, while two men from The Hosteller wear casual T-shirts, including one with the brand's logo. Everyone is smiling and standing closely, reflecting a sense of collaboration and partnership.

The Hosteller Raises $4M in Series A, Plans Expansion to 150+ Locations

The Hosteller, an Indian backpacker hostel chain, raised $4 million in a Series A round led by V3 Ventures, valuing the company at Rs 200 crore ($25 million). Founded in 2014, The Hosteller operates in over 60 locations, offering affordable lodging and immersive travel experiences. The funds will support expansion to 150+ locations within 24-30 months. For FY 2024, the startup reported Rs 55 crore in revenue with positive margins. CEO Pranav Dangi highlighted their tech concierge Glu, while CFO Saksham Khemka noted 4x growth over the past three years, with plans to add 50 properties by year-end.

By
Anurag Trivedi
The image shows three individuals, likely the co-founders of Kindlife, standing together and smiling. The person on the left is wearing a dark blue shirt, the person in the center is wearing a denim jacket, and the person on the right is wearing a white blouse. Above them is the Kindlife logo, which features a small green bird icon. The setting appears to be a modern indoor space, possibly an office or a workspace, with lights and industrial design elements visible in the background.

Kindlife Raises $8M to Expand Korean Beauty Brands in India

Gurugram-based startup Kindlife, which specializes in skincare, beauty, and wellness products, has secured $8 million in a Series A funding round led by JB-Dooeun TK Fund and MIXI Global Investments. The round also saw participation from existing investor Kalaari Capital and several angel investors. This follows a $2.5 million seed round in November 2021. Founded by Radhika Ghai, Vidit Jain, and Manasa Garemella, Kindlife leverages AI technology to offer personalized beauty routines for Gen Z consumers. The platform also features an influencer community promoting the latest K-beauty trends. The newly raised capital will be used to enhance Kindlife’s market presence in India, focusing on premium Korean and Japanese beauty brands, while strengthening its distribution network and content-driven approach.

By
Anurag Trivedi
Antler India banner featuring a person presenting a strategy on a whiteboard. The Antler logo is prominently displayed on the left, with the tagline 'We invest in India's most extraordinary individuals from day zero to greatness' written below it. The background includes subtle geometric patterns.

Antler India Doubles Down on Investments with ₹600 Crore Fund, Backs 100+ Startups

Antler India plans to double its investments in 2024, utilizing a ₹600 crore ($75 million) India-focused fund that was closed earlier this year. The firm has already invested in 63 startups and aims to support 100-120 more by the end of the year. Antler India primarily focuses on pre-seed ventures and operates independently from its Singapore-based global entity. Recently, the firm led an $11 million pre-Series A funding round in Bengaluru's ride-hailing startup, Namma Yatri. This investment aligns with Antler India's strategy to back startups building digital public infrastructure. In addition to digital infrastructure, Antler India is sector-agnostic, with a specific interest in SaaS, fintech, generative AI, and large networks like ONDC. The firm also benefits from its extensive global network, providing founders access to resources across 30 locations worldwide.

By
Anurag Trivedi
A promotional banner for CRED Money. The left side features a green circular logo with "CRED" above "MONEY" in bold, three-dimensional text. The background has intricate green wave patterns. The right side displays six smartphone screens showcasing different financial management interfaces of the CRED Money app, including balance overviews, transaction details, a pie chart of expenses, recurring payments, and notifications of received money. The overall design is clean and modern, emphasizing the app's user-friendly and comprehensive financial management features.

CRED Unveils CRED Money: Streamlined Financial Insights Tool

CRED, a leading Indian fintech startup, has introduced CRED Money, a new feature designed to consolidate and analyze users' financial data across multiple bank accounts. This tool provides a unified dashboard for tracking transactions, recurring payments, and investments, while offering reminders and categorization options to streamline financial management. Leveraging India's account aggregator framework, CRED Money enhances transparency and user control over personal data. Although the feature is not monetized, it uses advanced data science algorithms to deliver actionable insights, helping users identify spending patterns and optimize their finances. This initiative reflects CRED's commitment to improving financial management for its affluent user base.

By
Anurag Trivedi
Covrzy logo with a shield and lock icon, alongside a smiling man in a light shirt, representing Covrzy's commitment to secure and innovative insurance solutions.

Insurtech Startup Covrzy Secures IRDAI Broking License

Covrzy, has received a direct broking license from the Insurance Regulatory and Development Authority of India (IRDAI). This significant milestone allows Covrzy to offer comprehensive business insurance solutions, enhancing its credibility and market reach. Covrzy's platform aims to simplify the insurance buying journey for startups and SMEs/MSMEs, addressing India's under-penetrated business insurance market. Co-founded by Ankit Kamra and Veera Thota in 2023, Covrzy has already onboarded over 500 clients and collaborated with top insurers like ICICI Lombard and Bajaj Allianz. The startup aims to support 10,000+ customers in the next 12-18 months, driving insurance penetration among Indian businesses.

By
Anurag Trivedi
A group of dignitaries and officials from T-Hub and BEYOND4 are seen standing together in a conference room, holding signed documents to mark the signing of a Memorandum of Understanding (MoU). The T-Hub and BEYOND4 logos are displayed prominently in the background.

T-Hub and BEYOND4 Sign MoU to Boost India-Malaysia Startup Collaboration

T-Hub, India’s leading innovation ecosystem, has signed a Memorandum of Understanding (MoU) with BEYOND4, a Malaysian accelerator ecosystem, facilitated by the Indian ASEAN Startup Summit (IASS). This partnership will benefit startups in India and Malaysia by focusing on five key areas: cross-border collaboration, investment facilitation, business expansion support, innovation promotion, and knowledge exchange. Key dignitaries, including S T Rubaneswaran of BEYOND4 and Mahankali Srinivas Rao (MSR) of T-Hub, emphasized the importance of this collaboration in driving innovation and supporting startups in scaling globally. This partnership aligns with global efforts, similar to the EU Horizon 2020 initiative and Singapore-Germany collaboration, to develop thriving startup ecosystems.

By
Anurag Trivedi
Banner featuring a night scene with a futuristic rocket standing tall on the left, under a star-filled sky. The middle of the banner shows the logos of AkashaLabdhi and SpaceX prominently displayed against the dark backdrop. The right side of the image transitions into an expansive view of the cosmos, including a visible planet and the Milky Way galaxy, symbolizing the boundless possibilities of space exploration. The lower right corner of the banner features a subtle curl, giving a sense of a page being turned.

AkashaLabdhi to Launch Expandable Space Habitats with SpaceX by 2027

India's space technology is advancing with Bengaluru-based startup AkashaLabdhi, planning to launch "expandable space habitats" by 2027. Incubated at IIT Roorkee, AkashaLabdhi is developing these habitats for space tourists, astronauts, and researchers, emphasizing sustainable space living. The core project, Antariksh HAB, features an expandable shell for protection against orbital debris and radiation. It supports microgravity experiments, satellite maintenance, and long-term lunar exploration. CEO Siddarth Jena stated the habitat will take seven days to fully inflate in orbit. AkashaLabdhi is negotiating with SpaceX for a launch slot, highlighting India's technological prowess and potential for global space collaborations.

By
Anurag Trivedi
Logos of the Indian Institute of Technology Kanpur (IIT Kanpur) and the Association of Southeast Asian Nations (ASEAN) with a handshake icon between them, symbolizing a collaboration. The background is divided into two shades of blue, enhancing the partnership theme.

IIT-Kanpur and ASEAN Forum Partner to Boost Startup Growth in SE Asia

In a significant move to strengthen the startup landscape across ASEAN nations, the Foundation for Innovation and Research Support (F.I.R.S.T) at IIT-Kanpur signed a Memorandum of Understanding (MoU) with the ASEAN Economic Forum. The signing ceremony occurred at the India-ASEAN ScaleHub Programme 2024 in Bali, Indonesia. This collaboration aims to enhance technology access, market opportunities, and business connections for startups in ASEAN countries. Funded by the Indian government through the ASEAN-India Science and Technology Development Fund, the India-ASEAN ScaleHub Programme is supported by the Department of Science and Technology and Ministry of External Affairs. It promotes India-ASEAN partnerships through innovation-driven activities, fostering economic ties, and sustainable development. The event gathered senior stakeholders and 40 startups, providing resources, mentorship, and opportunities for business expansion across ASEAN markets.

By
Anurag Trivedi
Illustrated banner for Bengaluru India Nano 2024, featuring a river flowing through a forest of trees on a hexagonal patterned ground. Text labels 'Climate,' 'Energy,' and 'Healthcare' appear at the top, while event details 'August 1st-3rd, The Lalit, Bengaluru' are displayed on the right side alongside the event logo.

Innovative Nanotech Startups to Pitch at Bengaluru India Nano 2024

Bengaluru India Nano aims to highlight the most innovative startups in Nanoscience and Nanotechnology. During the 13th event, these startups will present pioneering concepts, emphasizing Nanotechnology's crucial role in their products or services. This platform allows startups to showcase their ideas to industry leaders, research experts, policymakers, venture capitalists, and global startups. With over 700 delegates representing international organizations, the event offers invaluable exposure. The BIN-2024 Conference committee manages the selection process. Startups will connect with leading experts, mentors, top corporations, and investors. Eligible startups must be registered in India and less than 10 years old. Applications close on July 10, 2024.

By
Anurag Trivedi
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