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Today: May 23, 2024
January 19, 2024
1 min read

Welcoming Key Investors and Incubation Partner to The Digital Fifth

TLDR:

  • Capital Now partners with FinBox to speed up digital underwriting by 40%.
  • Infosys acquires InSemi, a semiconductor design services provider, to accelerate its chip-to-cloud strategy.
  • Professional social media platform Medial raises $120,000 in its pre-seed round.
  • Groyyo secures $5.4 million in venture debt funding from Lighthouse Canton and Trifecta Capital.
  • Sahaj Gaming raises pre-seed funding to reinvent Indian board games with skill-based gameplay.
  • SriMandir app provides live coverage from Ayodhya for Ram Mandir inauguration.
  • A survey shows Ayodhya Kirana Community stocks 70% of Puja Samagri for Ram Temple celebrations.
  • The Digital Fifth welcomes key investors and incubation partners for strategic collaboration.
  • Government’s AI-Warehouse pilot project aims to cut onion wastage.

Capital Now, a digital lending platform, has partnered with FinBox, a digital underwriting solutions provider, to streamline and expedite the underwriting process. This partnership has allowed Capital Now to onboard customers faster and reduce loan disbursement times by 25% compared to their previous solution.

Infosys, a global consulting and IT services company, has acquired InSemi, a semiconductor design services provider. This acquisition will help Infosys accelerate its chip-to-cloud strategy by combining niche design skills with existing investments in AI/Automation platforms and industry partnerships.

Medial, a professional social media platform, has raised $120,000 in its pre-seed round. The platform prioritizes professionals by using an algorithm that promotes meaningful content in a non-intrusive manner, fostering learning and growth within its community.

Groyyo, a B2B manufacturing and automation startup, has secured $5.4 million in venture debt funding. The funding was led by Lighthouse Canton and Trifecta Capital. Groyyo specializes in providing cutting-edge solutions tailored for micro-manufacturers.

Sahaj Gaming, a startup founded by Deepak Saini, former VP and head of product at Games24x7, raised pre-seed funding. The startup aims to reinvent popular Indian board games into skill-based gameplay with unique mechanics and design.

The SriMandir app, which has a user base of over 15 million, collaborated with over 50 temples nationwide to provide users with a personalized virtual experience. The app provided live coverage of the Ram Mandir inauguration in Ayodhya.

A survey conducted among the Ayodhya Kirana Community found that they stocked 70% of the Puja Samagri (ritualistic items for worship) needed for the Ram Temple celebrations. The community is preparing for the upcoming festivities.

The Digital Fifth, an advisory and innovation platform in the financial services space, welcomed key investors and incubation partners for strategic collaboration. The platform aims to foster innovation and growth in the financial technology sector.

The government’s AI-Warehouse pilot project aims to reduce onion wastage. By utilizing artificial intelligence and advanced storage techniques, the project intends to address the issue of onion spoilage and improve supply chain efficiency.

Overall, these funding and acquisition announcements highlight the continued growth and investment in various sectors of the Indian start-up ecosystem. Companies are leveraging technologies, partnerships, and innovative ideas to drive growth and provide value to their customers.

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