Springboard raises $11 million from Reach Capital, others
Economic Times | 18 Dec 2019

Springboard, an online learning platform for workforce upskilling, has raised $11 million (over Rs 78 crore) in funding led by Reach Capital. The financing round also saw participation by Pearson Ventures, International Finance Corporation (IFC), as well as returning investors Costanoa Ventures, Learn Capital, and Blue Fog Capital. The company has also partnered with Microsoft to train and place 5,000 students into analytics jobs over the next three years through its new Data Analytics Career Track.

B2B SaaS startup GenY Labs closes seed round led by BVR Mohan Reddy, others
Yourstory | 12 Dec 2019

Hyderabad- and Toronto-based GenY Labs, which operates Auris, an AI platform that curates consumer insights in real time, on Thursday announced that it has raised a seed round of funding totaling approximately $700,000. The round was led by BVR Mohan Reddy, Executive Chairman of Cyient and other Indian and Canadian investors. Devdatt Shah, former Managing Partner of Brookfield Asset Management and former CEO of ICICI Securities, and Vikram Khurana, a serial entrepreneur, participated from Canada.

Fintech startup Wealthy Bags $1.3M from Good Capital, Emphasis Ventures
Inc42 | 23 Oct 2019

Wealth management startup Wealthy announced it has raised $1.3M fund in a round led by early-stage venture capital firm Good Capital. Fintech venture capital firm Emphasis Ventures (EMVC) also participated in the round. The company’s previous investors include Venture Highway, V1 Capital and Globevestor. The company is expected to use the funds to scale up its partnerships with wealth managers to tackle trust issues among customers and further develop its financial products.

Digi-Prex raises $5.5M seed round from Khosla Ventures, SV Angel & others
Techcrunch | 20 Sep 2019

Digi-Prex just closed its seed round from a range of highly-influential VC firms. It’s also one of the largest seed financing rounds for an Indian startup. The startup has raised $5.5 million from Khosla Ventures, Vedanta Capital, Y Combinator, Quiet Capital, and SV Angel. Justin Mateen, a founder of Tinder, also participated in the round. Digi-Prex runs an eponymous online subscription pharmacy in Hyderabad and serves patients with chronic diseases. Patients share their prescription with Digi-Prex through WhatsApp and the startup’s workers then deliver the medication to them on a recurring cycle.

Healthtech startup Doxper raises $4M as part of Series A led by Alkemi Venture Partners
Yourstory | 14 Aug 2019

Mumbai-based InformDS Technologies Private Limited, the company behind healthtech startup Doxper, on Wednesday announced that it had raised $4 million in the first close of its Series A round led by healthcare-focused fund Alkemi Venture Partners. The round also saw participation from Rainforest Venture Network, existing investor growX Ventures, and some marquee angel investors. It will use the funds to power its growth across India, invest in technology and R&D, and develop new products.

IAN Fund leads a Rs 19 crore round in Chakr Innovation
Economic Times | 6 Jun 2019

IAN Fund, a SEBI registered seed and early-stage VC Fund fund, has led a Rs 19 crore round in Chakr Innovation, along with Jyoti Sagar and IDFC Parampara fund. Chakr Innovation is focused on building a suite of products to help reduce air pollution. Founded in 2016, the startup leverages cutting-edge technology to capture emissions from diesel generators and convert the pollution-causing particles into a base pigment for black inks and paints.

Why Meesho is in Globevestor's anti-portfolio
Live Mint | 19 Mar 2019

Globevestor invests in early-stage startups across sectors in India and the US. As we meet founders early in their journey, our decisions require some crystal-ball gazing. While we’ve been fortunate enough to have invested in several high-growth startups, we’ve had our fair share of misses, too. Meesho is one such company that, unfortunately, is in our anti-portfolio. We were proven wrong very soon. Within months, Meesho joined Y Combinator and hasn’t looked back since, reportedly raising $65 million in funding and enabling millions of sellers till date.

Reverse Pitch for AI startups: AI and Humans working in tandem
Live Mint | 28 Feb 2019

Work has a very different meaning today than it did a decade ago. The new-age workplace is distributed, remote working is the norm, and knowledge is increasingly the key driver of productivity. As a result, traditional approaches to information exchange, and training and developing talent are becoming obsolete. The next wave of "AI at workplace" startups would help employees become better at their jobs by detecting patterns through machine learning models based on large real-life data sets and plugging gaps in knowledge sharing and training.

Springboard comes to India, to offer online courses on data science, machine learning
Yourstory | 22 Jan 2019

On Monday, US-based online course platform Springboard launched its India operations. While the company might have joined the India online learning party late, its India Managing Director Vivek Kumar is confident of making a mark in the already-crowded market. Speaking to YourStory, Vivek said, “If you look at the market, a big change is happening. Twenty years ago, people changed perhaps two to three jobs (over their career). That’s not the case anymore.”

Chakr Innovation features in Discovery Channel's documentary
Youtube | 22 Mar 2019

Every year, more than 1 million people die due to air pollution in India alone. With the deteriorating air conditions in Delhi, the mastermind behind Chakr Innovation decided to create the world's first retro-fit emission control device for diesel generators. With this technology, Chakr Innovation has successfully managed to capture 90% of the particulate matter from the exhaust of diesel generators, which further lead to the generation of 15,000 billion liters of pure air.

OurHealthMate eyes Philippines market
Deccan Herald | 30 Aug 2018

OurHealthMate, a technology platform that connects patients, providers and payers in India, is planning to foray into the Philippines market soon. The company has also set its eyes on Mexico, Indonesia, Vietnam, Thailand and Bangladesh markets. "We will be launching in the Philippines in a year because the country has a similar model to India with regard to insurance and immigrant population." Abhinav Krishna, Co-founder and CEO of OurHealthMate said.

NITI Aayog and Drona Aviation launch ATL Drone Module at Aero India 2019
League of India | 22 Feb 2019

NITI Aayog's Atal Innovaion Mission (AIM) and Drona Aviation, an IIT Bombay startup, launched the 'ATL Drone Module: Get, Set, Go' for Atal Tinkering Labs at the ongoing Aero India 2019 in Begaluru. The ATL Drone Module was launched by G Sathish Reddy, Chairman DRDO, and Sanjay Jaju, Joint Secretary, Department of Defence Production, along with Apurva Godbole, CEO Drona Aviation and representatives of AIM.

Dell is using ink made from smog to print some of its packaging
Fast Company | 24 Jul 2018

The Indian startup Chakr Innovations designed a device that cools the exhaust, making it easier to catch particles of soot, and then stores it in a solvent. Clean air comes out the other side, and the soot can later be used to make black ink. Dell, which is printing its packaging in India using the ink, is the first company to use it at a large scale. Dell discovered the startup as part of its ongoing search for innovations.

Zoomcar raises $3.6M debt fund from Trifecta
Yourstory | 3 Aug 2018

Self-drive car rental firm, Zoomcar has raised $3.6 million (Rs 25 crore) in debt fund from Trifecta Venture Debt Fund, recent filings with Registrar of Companies (RoC) shows. The development comes six months after the startup raised $40 million in its Series C funding round led by automobile maker Mahindra and Mahindra Ltd (M&M). Existing investors, including Ford Smart Mobility, Sequoia Capital, Empire Angels, Nokia Growth Partners and others, also participated in this round.

Globevestor, others invest in AI startup Actionable Science
VC Circle | 2 Aug 2018

Artificial intelligence startup Actionable Science has raised $1 million (Rs 6.8 crore at current exchange rates) in seed funding from online venture capital firm Globevestor and California-based fund Tri-Valley Ventures. Actionable Science uses artificial intelligence, natural language processing and robotics technologies at an enterprise level to automate standard repeatable tasks in support teams such as IT, human resources and customer service.

Edtech startup Flinto raises Rs 6 cr in debt funding led by InnoVen Capital
Yourstory | 1 Aug 2018

Chennai-based edtech startup Flinto has raised debt funding of Rs 6 crore led by InnoVen Capital. The funding will be used to expand the company's domestic presence, and to venture into international markets like Southeast Asia and the Middle East. Commenting on the investment, Tarana Lalwani, Director at InnoVen Capital India, said in a press release, “This space has great potential as more parents look for activities that help children learn in a fun way. Our investment will support Flintobox’s expansion plans, as it looks to scale up.”

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