Start-Ups

Hero Vired, India’s premium EdTech company for higher education aspirants and professionals, has announced the appointment of Dipyaman Sanyal, Shivakumar Bavamala, Gaurav Singh and 20 new teaching staff. Dipyaman is also the Head of Academics & Learning at Hero Vired.

Equitas Small Finance Bank is set to launch ‘Equitech’ – a Fintech Accelerator aimed at the start-up ecosystem. It is a unique program designed to scale -up and help Fintechs curate their products and define a go-to-market strategy. This will help the Fintechs to reach the next level and take its product to the market in a more targeted manner. The program has been launched on 07th August and the application process for the enrolment has commenced. The program aims to augment the fintech ideas into outcome-driven partnerships with key focus on product and customer acquisition.

Fashinza, a global B2B manufacturing marketplace, announced today that they have raised $20 million in a mix of equity and debt as part of Series-A Funding. The round was co-led by marquee existing investors Accel Partners and Elevation Capital along with Abu Dhabi’s DisruptAD, Stride Ventures, Alteria Capital, and Tradecred.

Fabheads develops automated manufacturing technologies specific to the carbon fiber part manufacturing sector. Having developed the first and only such product of this kind in India, the Company has been recognised for their innovative work by various agencies including DIPP (National Startup Award 2020 by Startup India), DRDO (Dare to Dream Innovation Award 2019), MoD (Trailblazers of Indian Aerospace – Aero India 2019), JEC Media (Outstanding Innovation in Composites 2018), CII (Top Startup in Manufacturing - 2018), among others.

TheCapitalNet (TCN), a SaaS company driving digital transformation in the Private investment, Innovation, and Startup ecosystem globally, today announced that it has appointed Privity FZ LLE, an independent venture-focused advisory firm in the UAE, to bring the TheCapitalNet ecosystem to stakeholders across MENA, powered by Privity's strong presence and understanding of the ecosystem and the region.

Edtech company Unacademy Group has raised $440 million from Temasek, Tiger Global, SoftBank and General Atlantic, said co-founder and CEO Gaurav Munjal. The edtech firm is now valued at $3.4 billion, he added. Mirae Asset, Zomato founder Deepinder Goyal and OYO Rooms founder Ritesh Agarwal also participated in the funding round.

As part of its sustainability initiative, Tata Steel has tied up with an Indian start-up to pursue its aspiration of deploying Electric Vehicles for its steel transport. This endeavour marks the first-ever deployment of Electric Vehicles by any steel producer in the country for transportation of finished steel.

Businessfortnight had an interview with Shubu.ai, an AI-based company headquartered in Bangalore and founded by IIT Kharagpur alumni and backed by prominent healthcare investors with more than two decades of experience in the Healthcare domain.

Businessfortnight had an interview with Harman Singh, owner of Barbeque Company. Started their first outlet in Janakpuri, New Delhi back in 2015, today aiming to have more than 25 restaurants all across India with more than 100 crores turnover by 2025. After receiving an amazing response from the crowd, Harman dreams to own a leading F&B brand chain.

Edukemy, India’s emerging test prep EdTech company, has raised $2Mn in Pre–Series A funding round lead by Auxano, Falcon5, and other angel investors. These funds will be used to further strengthen Edukemy's position by working towards building the best test prep platform for multiple competitive examinations, as well as to build the team and scale the product.