Friday, September 29, 2023
Outlook India
Outlook Business

Startup Funding

Pee Safe has expanded its product line to include over 25 offerings, centering on hygiene, menstrual care, and grooming

Car Easy has earlier partnered with B2B clients like Spinny, CarDekho, Ola Electric, etc

PM Modi said that the schemes like Funds for Startups, Startup India Seed Fund Scheme, and Credit Guarantee Scheme support these business entities

Pune-based chemicals company, Harmony Organics is planning to take the company public in the next couple of years

The content and marketing technology start-up plans to utilise the funds for global expansion, along with strengthening its product and technology

Last year, the start-up had raised $3 million from Stellaris Venture, Chiratae Ventures, and other angel investors including Mamaearth's founder, Varun Alagh and Delhivery founder Sahil Barua.

The fresh capital will be utilised to strengthen its product, scale up the team across business segments as well as to build a robust go-to-market motion in the drone-based mapping and surveying use cases

The funds raised will be used for marketing and user acquisition, deepening the tech infrastructure and expanding the tech and business teams

The funding round also saw participation from ICICI Venture, Bessemer Venture Partners and existing investor Blume Ventures

The fund has been backed by ultra-high-net-worth individuals (UHNIs), family offices, entrepreneurs, and corporates across India, Singapore, Oman, Japan, the US, and others