Press Release

Bengaluru-based car rental startup Zoomcar today announced that it has raised $40 million in a Series C funding round led by Mahindra & Mahindra along with participation from a variety of existing investors, reported ETAuto.The funds raised will be used by the startup primarily for accelerating its marketplace...

Mumbai based Fintech start-up Fincash.com raised INR 1 Crore (~$150,000) in funding from Angel Investors. The company will use this investment to expand their product solutions, customer base and widen the reach of its financial services across the country, announced the startup in a press release sent to Indianweb2.com.Gaurav...

Gurgaon-based niche pet startup PetSutra, which also offers online store for pets, has raised ₹95,00,000 in a seed funding from angel investors from across the world.The funds raised will be used by the startup to expand its brand presence across India and globally, thereby increasing the customer base around...

Oracle has launched a virtual startup accelerator programme, which is essentially a global non-residential startup programme, that will focus on cities outside the purview of its exiting residential Startup Cloud Accelerator programme, said a press release sent to Indianweb2.com.Called as Oracle Scaleup Ecosystem, the virtual accelerator programme will give...

In a first, India will be getting an institute for artificial intelligence (AI) in Mumbai. Maharashtra state government will be setting up an institute AI in India's financial capital. Maharashtra Chief Minister Devendra Fadnavis will unveil the plan for the institute during the Magnetic Maharashtra Summit, and at the...

An Indian student has become the proud winner of the EO South Asia Regional Qualifiers of the Global Student Entrepreneur Awards (GSEA) this year, announced Entrepreneurs' Organization (EO) in a press release sent to Indianweb2.com.Hosted by the EO Bangladesh Chapter, 17 student entrepreneurs from four countries competed head to...

Bengaluru based biotech startup Pandorum Technologies, which is famous for developing India's first artificial 3D printed liver tissue, has raised $3.6 million (~ ₹ 23 crore) in a series A round from Indian Angel Network Fund, 021 Capital, 500 Startups and the Karnataka government backed Karnataka Information Technology...

Bengaluru-based online car rental startup Drivezy (formerly JustRide) has raised $5 million from its first round of initial coin offering (ICO), announced its CEO Ashwarya Singh.Existing investors and high net worth individuals (HNIs) from Japan and Singapore participated in the round.An Initial Coin Offering (ICO), also called as...

Indonesian unicorn startup Go-Jek, which offers hyperlocal transport, logistics and payment services, is planning to launch its bike-taxi service in India in the second half of 2018, reported Economic Times, citing people aware of the development said.To launch its bike taxi services, Go-Jek is is evaluating some southern...

Bengaluru based edtech startup IMAX Program has raised $13.5 million (~ Rs 87 crore) from the Michael & Susan Dell Foundation, LGT Impact Ventures and existing investor Aspada.The funds raised will be used by the startup used to further innovate the product, enhance in-school service experience and expand the...