Trending Startup’s News – 18 Aug 2023

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Travel Tech Startup Teleport Raises $500K to Simplify Visa Processes and Enhance Cross-Border Travel

Teleport, a travel tech startup simplifying visa processes and enhancing cross-border travel, has raised $500,000 in seed funding. The round was led by Inflection Point Ventures, with participation from angel investors such as Ashish Gupta, Founder of Accel Partners India, and Kunal Bahl, Co-founder and CEO of Snapdeal.

Jewellery Savings App Plus Raises $350K in Seed Funding for Expansion and Operations

Jewellery savings app Plus has raised $350,000 in seed funding led by EvolveX, a startup accelerator led by We Founder Circle, alongside VCats and other angel investors. The grant will expand Plus’s operations and enhance its product offerings.

Speech AI Startup Contiinex.com Raises $2M in Pre-Series A Funding for Global Expansion

Speech AI startup Contiinex.com has raised $2 million in pre-Series A funding led by YourNest and Refex Capital. The round also saw participation from angel investors such as Piyush Shah, Founder of InMobi, and Rajesh Sawhney, Founder of OYO Rooms.

Wipro Teams Up with Indian Institute of Technology, Delhi to Launch Center of Excellence for Cutting-edge Generative AI

Wipro, a leading information technology company, has partnered with the Indian Institute of Technology, Delhi (IIT Delhi) to launch a Center of Excellence for Cutting-edge Generative AI. The center will focus on research and development in generative AI, a type of artificial intelligence that can create new content, such as images, text, and music.

Revolutionizing Pet Care: The Inspiring Journey of Fur Ball Story

The journey of Fur Ball Story began as a spark of inspiration ignited by the unbreakable bond between two friends. Srishti Sharma and Animesh, both lawyers by education, encountered two Labrador puppies, Leve and Kuan, during their college days at Symbiosis Law School, NOIDA. Little did they know, that these two puppies would pave the way for their entrepreneurial journey and revolutionize the pet care industry in India.

OpenAI Ventures into New Creative Horizons with Acquisition of Global Illumination, Inc

OpenAI, a non-profit research company that develops artificial general intelligence (AGI), has announced the acquisition of Global Illumination, Inc., a company that specializes in creative tools for 3D artists. The acquisition is part of OpenAI’s effort to expand its capabilities in the creative arts.

DynamoFL Secures $15.1M in Series A Funding to Revolutionize Privacy-Centric Generative AI Solutions

DynamoFL, a startup specializing in privacy- and compliance-centric generative artificial intelligence (AI) solutions, has successfully secured $15.1 million in a Series A funding round. The funding was led by Nexus Venture Partners and Canapi Ventures.

Venture Capital Firm Finix Partners Acquires Fintech Startup Slash in Strategic Move

Finix Partners is a venture capital firm that invests in early-stage fintech companies. The firm has raised over $1 billion in capital and has invested in over 100 companies. Slash is a fintech startup that provides a platform for businesses to manage their payments. The company’s platform is used by over 10,000 businesses.

Explosive DDay 3: $80 Million Funding Galore as 23 Startups Impress 9Unicorns and Venture Catalysts++ | India’s 1st Multi-Stage VC

The third edition of DDay, a startup demo day event organized by 9Unicorns and Venture Catalysts++ saw 23 startups raise a total of $80 million in funding. The event was held on April 18, 2023, and attracted over 700 investors.

The startups that raised funding at DDay 3 represent a wide range of industries, including fintech, healthtech, edtech, and e-commerce. Some of the notable deals include:

Mswipe, a fintech startup that provides point-of-sale (POS) solutions, raised $20 million from 9Unicorns and other investors.
Pigeon, a healthtech startup that provides telehealth services, raised $15 million from Venture Catalysts++ and other investors.
Edunext, an edtech startup that provides online learning solutions, raised $10 million from 9Unicorns and other investors.
ShopUp, an e-commerce startup that connects retailers with suppliers, raised $5 million from Venture Catalysts++ and other investors.

Shiprocket Partners with Skye Air Mobility for Cutting-Edge Drone Delivery

Shiprocket, a leading logistics platform in India, has partnered with Skye Air Mobility, a drone delivery startup, to launch a pilot project for drone delivery in India. The pilot project will be conducted in Gurgaon, Haryana, and will focus on delivering e-commerce packages weighing up to 3 kilograms.

Mercedes-Benz India Pvt. Ltd. Sets Ambitious Goal: 25% of Car Sales to be EVs in 3 Year

Mercedes-Benz India Pvt. Ltd., the Indian subsidiary of German luxury automaker Mercedes-Benz, has set an ambitious goal of achieving 25% of electric vehicle (EV) sales in the next three years. The company is investing heavily in its EV portfolio and plans to launch a total of eight new EVs in India by 2025.

Rajeev Chandrasekhar Envisions India’s GDP Boosted by 20% from Digital Economy by 2026

Union Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, has said that he envisions India’s digital economy to contribute 20% to the country’s GDP by 2026. He made this statement while addressing the G20 Digital Innovation Alliance Summit in Bengaluru on Thursday.

Rapido Auto Dost: Empowering Auto Captains with Micro-Loans and Family Health Insurance!

Rapido, an Indian ride-hailing platform, has launched a new initiative called “Auto Dost” to empower its auto captains with micro-loans and family health insurance. The initiative is aimed at helping auto captains improve their financial and health security.

Under the Auto Dost initiative, Rapido will provide micro-loans to auto captains at competitive interest rates. The loans can be used by auto captains to meet their financial needs, such as medical expenses, education expenses, or business expenses. Rapido will also provide family health insurance to auto captains at a subsidized rate. The insurance will cover hospitalization expenses, doctor’s fees, and other medical expenses.

YouTube Music Unveils ‘Samples’: Your New Short-Form Video Jam, Inspired by TikTok

YouTube Music has unveiled a new feature called “Samples”. Samples is a short-form video jam inspired by TikTok, where users can create and share videos using snippets of songs from YouTube Music’s catalog.

To use Samples, users simply need to open the YouTube Music app and tap on the “Samples” tab. They can then browse through the library of songs and select the ones they want to use. Once they have selected a song, they can start recording their video.

BizPay — Digital wallet and Suite of software to manage business spending Secures Undisclosed Amounts in Seed Funding, Aims to Revolutionize Corporate Expense Management

BizPay, a digital wallet and suite of software to manage business spending, has secured an undisclosed amount in seed funding. The round was led by Inflection Point Ventures, with participation from angel investors.

BizPay was founded in 2022 by a team of experienced entrepreneurs and technologists. The company’s mission is to revolutionize corporate expense management by providing a simple, secure, and efficient way for businesses to track and manage their spending.

Colliers Appoints Badal Yagnik as CEO Following Ramesh Nair’s Resignation

Collier International, a global real estate services company, has appointed Badal Yagnik as its new CEO for India. Yagnik will take over from Ramesh Nair, who has resigned to join Cushman & Wakefield as its CEO for Asia Pacific.

Article By Pankaj Dara

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