TLDR:
- Aquaconnect, an agritech start-up, has secured $4 million in pre-Series B funding led by S2G Ventures to scale up their operations.
- Electrifi Mobility, a tech start-up, has raised 25 Crore in seed stage funding from ADB Ventures and AdvantEdge to expand their asset deployment and refurbishment.
- Health-tech sector stakeholders are calling for the government to use technology to bridge the urban-rural divide in accessible healthcare.
- Kitven, a venture capital fund based in Karnataka, has launched a Rs 20 Crore fund to boost the animation, visual effects, gaming, and comics fields.
- Indus Appstore and Start-Up India have collaborated to launch the Indus Appstore Emerging Start-up Awards, providing a level playing field for emerging Indian start-ups.
- Cisco’s 2024 Data Privacy Benchmark Study reveals that 27% of organizations have banned the use of GenAI due to privacy and data security concerns.
- Ranjan Pai, founder of Aakash Institute, is considering an additional investment of $50-60 million to fuel the growth of the institute.
- NHAI has barred Paytm Payments Bank from issuing fresh FASTags due to non-compliance with service-level agreement parameters.
- Visa Accelerator Program 2024 has invited applications from growth-stage fintech start-ups.
- The e-commerce sector is calling for higher spending on digital infrastructure in Budget 2024.
- WeWork Labs has launched Jumpstart 2024 to support early-stage start-ups.
- The Indian government’s AI-Warehouse pilot project aims to reduce onion wastage.
- The RBI’s new SRO for fintech aims to foster growth and regulation in the industry.
- CoinDCX, a cryptocurrency exchange, has lost nearly 90% of trading volume due to a 30% tax on cryptocurrencies.
- Amazon is facing labor rights issues in India.
Aquaconnect, an agritech start-up, has secured $4 million in pre-Series B funding to scale up their operations. The funding round was led by S2G Ventures. With this capital, Aquaconnect plans to expand its asset deployment, cover new cities, and enhance its asset refurbishment and service infrastructure.
Electrifi Mobility, a tech start-up, has raised 25 Crore in seed stage funding to expand its operations. The funding was provided by ADB Ventures and AdvantEdge. Electrifi Mobility plans to use the capital to scale up asset deployment, cover new cities, and expand asset refurbishment and service infrastructure.
Stakeholders in the health-tech sector are calling for the government to use technology to bridge the urban-rural divide in accessible healthcare. They expect the government to leverage the tech stack and digital infrastructure to make affordable healthcare accessible in remote corners of the country.
Kitven, a venture capital fund based in Karnataka, has launched a Rs 20 Crore fund to boost the animation, visual effects, gaming, and comics fields. The fund aims to invest in companies based in the state that contribute to these sectors. The venture capital fund is an initiative of the IT/BT department.
Indus Appstore and Start-Up India have collaborated to launch the Indus Appstore Emerging Start-up Awards. The awards are designed to provide a level playing field for emerging start-ups in India, positioning them to compete with global players.
A recent study by Cisco reveals that most organizations are limiting the use of GenAI, a technology-driven tool, over privacy and data security concerns. The study found that 27% of organizations have banned GenAI’s use, at least temporarily.
Ranjan Pai, founder of Aakash Institute, is considering an additional investment of $50-60 million to fuel the growth of the institute. This news comes after reports that Prosus NV, a Netherlands-based global investment firm, sent a notice to Ranjan Pai.
The National Highways Authority of India (NHAI) has barred Paytm Payments Bank from issuing fresh FASTags. An audit by Indian Highways Management Company Ltd found that Paytm Payments Bank was not following the parameters prescribed in the service-level agreement.
The Visa Accelerator Program 2024 has invited applications from growth-stage fintech start-ups. The program aims to support and accelerate the growth of innovative fintech companies.
The e-commerce sector is calling for higher spending on digital infrastructure in Budget 2024. Stakeholders believe that increased investment in digital infrastructure will help drive the growth of the sector and improve overall efficiency.
WeWork Labs has launched Jumpstart 2024 to back early-stage start-ups. The program provides support and resources to help start-ups grow and succeed in their respective industries.
The Indian government’s AI-Warehouse pilot project aims to cut onion wastage by leveraging artificial intelligence and technology. The project aims to improve post-harvest management and reduce losses in the onion supply chain.
The Reserve Bank of India (RBI) has taken a bold stance with the establishment of a self-regulatory organization (SRO) for fintech. The SRO aims to foster growth and regulation in the fintech industry, ensuring a fair and transparent ecosystem for all stakeholders.
CoinDCX, a leading cryptocurrency exchange in India, has lost nearly 90% of its trading volume due to a 30% tax on cryptocurrencies. The tax has resulted in a significant decline in trading activity on the platform.
Amazon is facing labor rights issues in India. While the company has grown its market presence in the country, it has also faced accusations of unfair labor practices. This has led to protests and calls for improved labor conditions.
