Daily Indian Startup News and Funding Updates

Daily Indian Startup News and Funding Alert – 5 July 2024

Funding

EleFant raises $750K in seed round from Malpani Ventures, Venture Catalysts

EleFant, a mobile app-based toy library, has raised Rs 6 crore (about $750K) in its seed round co-led by Malpani Ventures and Venture Catalysts, with participation from several notable investors and family offices. Founded in 2023 by Sourabh Jain, inspired by his daughter’s curiosity and love for learning, EleFant aims to address the challenge of toy clutter and child engagement. Investors in this round include Sudhakar Pai and Jyothi Pradhan from Kanara Consumer Products Limited (part of Manipal Group), Agre Global FZE, and Growth 91/Growth Sense. “This investment reflects our confidence in EleFant’s potential to revolutionize the $1.75 billion Indian toy market, projected to reach $3.3 billion by 2027,” said Apurva from Venture Catalysts.

Gocarin Industries secures seed funding from KIIT TBI

Gocarin Industries Pvt. Ltd., an agri-tech startup, has raised an undisclosed amount in seed funding from the KIIT Technology Business Incubator (TBI) as part of the BIRAC Leap programme. This initiative, under the Biotechnology Industry Research Assistance Council (BIRAC), supports innovative startups with high impact and scalability potential. “This funding will drive our mission to revolutionize the agricultural industry by empowering farmers with cutting-edge technology solutions,” said Ramanuj Panda, Founder and CEO of Gocarin Industries.

Other News

Umwelt.AI appoints Sunil Joshi as Chief Operating Officer and Co-Founder

Umwelt.AI, a provider of AI-powered employee experience management and people analytics solutions, has appointed Sunil Joshi as Chief Operating Officer & Co-Founder. Joshi, a certified Gallup Strengthsfinder Coach, brings over 27 years of experience in human resources, business transformation, and coaching. Previously, he was the Head of Business Transformation at Bestseller India. “I look forward to collaborating with the talented team here to develop robust solutions for better employee engagement and retention,” said Joshi.

Grameen Foundation partners with ONDC Network

Grameen Foundation for Social Impact and the Open Network for Digital Commerce (ONDC) have signed an MoU to drive socio-economic development and digital inclusion for diverse business entities. This joint initiative aims to support Farmer Producer Organizations (FPOs), nano, micro, small, and medium enterprises (NMSMEs), Self Help Groups (SHGs), women entrepreneurs, and startups with digital solutions. Grameen’s programs promote entrepreneurship, digital literacy, and financial inclusion. The partnership aims to streamline the onboarding of digitally excluded groups onto the ONDC Network through education, sensitisation, and facilitation.

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Daily Indian Startup News and Funding Alert – 4 July 2024

Funding News

B2B Fabric Marketplace Fabrito Secures Funding from Green Trunk Fabrito, a B2B fabric marketplace and sourcing platform, has secured funding from Green Trunk Ventures, with OYO’s Maninder Gulati joining as an angel investor, among others. The company will use the funds to enhance its technology infrastructure, including a software-as-a-service (SaaS) platform for ready fabric suppliers and a fabric sourcing platform for fashion brands and garment manufacturers. Founded in 2023 by Naresh Dhaka, Pushpendra Singh, and Mayank Narain, Fabrito will also allocate a portion of its funds to hire sales and supply resources to deepen relationships within Indian textile hubs.

Other News

inDrive Partners with Evera Cabs to Launch EV Fleet with Women Drivers Mobility and urban services platform inDrive has partnered with electric cab service provider Evera Cabs to launch an EV fleet for women drivers. The partnership is part of inDrive’s DrivingNaari programme, which aims to empower women by providing them opportunities to build careers in driving.

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Daily Indian Startup News and Funding Updates – 5 June, 2024

Funding News:

1. iPiD Raises $5.3M in Pre-Series A Round: Fintech startup iPiD, focusing on payee verification solutions, has secured $5.3 million in a pre-Series A funding round. Led by Monk’s Hill Ventures, the round saw participation from Quona Capital, QED Investors, and existing partners. The funds will bolster product development to combat payment-related fraud and expand iPiD’s footprint in key markets like Asia and Europe.
2. Aegeus Tech Secures Debt Round from Caspian Debt: Aegeus Technologies, known for its IoT-driven green robotics solutions, has raised an undisclosed amount of venture debt from Caspian Debt. The funding will be utilized for working capital and expansion efforts. Aegeus aims to revolutionize the operation and maintenance of solar plants through its AI-driven robotics solutions.

Other Startup News:

1. Qlik Unveils Talend Cloud and Qlik Answers: Qlik has introduced Qlik Talend Cloud and Qlik Answers at Qlik Connect 2024, aiming to accelerate enterprise AI adoption. These innovations eliminate barriers to AI integration by offering AI-augmented data integration and an AI-powered knowledge assistant, providing reliable insights from unstructured data.
2. Zomato’s Ambitious EV Plan: Zomato aims to achieve a fully electric delivery fleet by 2030. The foodtech giant plans to partner with over 70 electric vehicle rental companies and OEMs to transition its delivery fleet to electric vehicles. This initiative aligns with Zomato’s commitment to sustainability and achieving net-zero emissions by 2033.
3. E-Fill Electric and DevvStream Partner for Carbon Credits: E-Fill Electric has partnered with DevvStream to generate carbon credits from its EV charging network in India. Through DevvStream’s Electric Vehicle Charging Carbon Offset Program (EVCCOP), E-Fill Electric aims to create a new revenue stream and finance further expansion of its charging infrastructure.
4. New CHRO Appointment at GD Goenka Group: Varun Reddy Sevva, an alumnus of IIM Lucknow, has been appointed as the Chief Human Resources Officer (CHRO) of GD Goenka Group. With over 14 years of experience, Sevva brings expertise in talent management and organisational development, aiming to drive growth-oriented HR practices within the organization.

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Daily Indian Startup News and Funding Updates – 31 May, 2024

Funding News:

1. Scaler Invests Rs 50 Cr in Scaler School of Business:
Scaler, a prominent education provider in India, has allocated Rs 50 crore towards the expansion of its recently launched Scaler School of Business (SSB). These funds will be directed towards enhancing offline infrastructure, updating curriculum, forging industry partnerships, and onboarding experienced professionals as coaches, mentors, and instructors. Additionally, the Scaler Innovation Lab, an incubator established on campus, will be made available to SSB learners, enabling them to develop and showcase prototypes, products, apps, MVPs, and more.

2. Volt Money Partners with PhonePe for Loans Against Mutual Funds:
Volt Money, a platform facilitating instant secured loans against mutual funds, has formed a partnership with PhonePe. Through this collaboration, PhonePe’s extensive user base of over 535 million individuals will gain access to digital, low-interest loans against their mutual fund investments. This integration will seamlessly incorporate Volt Money’s loan services into the PhonePe mobile app, providing users with convenient digital access to funds.

Other Startup News:

1. Cashaa Founder Kumar Gaurav Steps Down as CEO:
Kumar Gaurav, the Founder and CEO of Cashaa, a neo-bank catering to crypto businesses, has relinquished his position. During Gaurav’s tenure, Cashaa evolved from a Bitcoin startup to a prominent player in the banking sector for crypto and high-risk ventures. This move coincides with Cashaa’s strategic shift in its business model, focusing on introducing an alternative to traditional bank accounts to foster global crypto adoption. Amjad Raza Khan, the former Chief Technology Officer, has been promoted to the role of CEO as part of the company’s corporate restructuring efforts.

2. Skechers Signs Footballer Sunil Chhetri as Brand Ambassador:
Renowned footwear brand Skechers has enlisted Indian National Football Team captain Sunil Chhetri as its brand ambassador. Chhetri will endorse Skechers football boots and feature in marketing campaigns for the brand. Expressing his excitement about the collaboration, Chhetri highlighted Skechers’ commitment to innovation and excellence. With a diverse range of lifestyle and performance footwear, Skechers aims to empower individuals to unleash their full potential, both on and off the field.

3. The Man Company Achieves Rs 185 Cr Revenue in FY24:
Men’s grooming brand The Man Company has reported a revenue of Rs 185 crore for the fiscal year ending March 2024. The company witnessed substantial growth, with about 70% of its revenue generated through ecommerce channels. With a compounded annual growth rate of 55% since its inception, The Man Company continues to thrive in the market. Additionally, the company achieved an EBITDA of 7.7% (Rs 14+ crore) for FY24, reaffirming its financial stability and strategic growth trajectory.

4. Bata India Appoints Deepika Deepti as Head of Marketing:
Bata India, a leading footwear retailer, has appointed Deepika Deepti as its Head of Marketing. With over two decades of experience in marketing and business roles at renowned brands, Deepti brings extensive knowledge of the Indian and international retail industry to her new position. Known for her contributions to the sneaker culture in India during her tenure at Adidas and CAMP SMA, Deepti is poised to elevate Bata India’s marketing initiatives and reinforce its position in the fashion and lifestyle segment.

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Daily Indian Startup News and Funding Updates – 30 May, 2024

Funding News:

1. TechEagle Completes Bridge Round Funding Led by Navam Capital, Inflection Point Ventures, and Paytm Founder:
TechEagle, an on-demand drone delivery firm, has successfully concluded its bridge round funding. Co-led by Navam Capital and Inflection Point Ventures (IPV), the round also saw participation from Paytm Founder Vijay Shekhar Sharma, among others. TechEagle’s flagship product, Vertiplane X3, boasts impressive specifications including a 100 km range per flight, 5 kg payload capacity, and a speed of 120 km/h. Notable clients include AIIMS institutes, State Governments, and the World Bank.

2. Logistiex Secures $250,000 in Bridge Round Led by PACE Family Office and Angel Investors:
Logistiex, a new-age e-commerce startup, has raised $250,000 in a bridge round led by PACE Family Office, with participation from angel investors including Siddhant Khemka. Founded in 2023, Logistiex offers a unified solution for e-commerce in India, simplifying seller management through its Logistiex Universal Platform.

3. Jaipur Watch Company Raises Rs 2 Crore from Lemon Funds and Dev Diamonds:
Jaipur Watch Company has secured Rs 2 crore from investors Nirav Jogani of Lemon Funds and Jignesh Shah of Dev Diamonds and Lucky Jewellery. The funding will facilitate the establishment of a specialized gold watch manufacturing unit and diversification of product lines.

4. Gramiyaa Secures Rs 9.5 Crore Investment for Expansion in India and US:
Gramiyaa, a manufacturer of cold-pressed oils, has raised Rs 9.5 crore in equity and debt financing. The funding, led by UAE’s Homegrown Ventures with additional investment from Mumbai Angels and Campus Fund, will support the company’s expansion in Indian and US markets.

Other Startup News:

1. Delhivery Named Most Preferred 3PL Partner for Early-stage D2C Brands:
According to a report by Redseer Strategy Consultants, Delhivery has emerged as the preferred logistics partner for early-stage direct-to-consumer (D2C) brands in India. The report underscores the pivotal role of third-party logistics (3PL) providers in the rapid growth of India’s D2C market.

2. Quantum Energy Partners with Green Drive Mobility for EV Adoption:
EV OEM Quantum Energy has partnered with Green Drive Mobility to accelerate the adoption of electric vehicles (EVs) for last-mile delivery. Quantum Energy will deliver 5,000 of its EV 2W, Bziness, tailored for last-mile delivery fleets, to Green Drive Mobility.

3. IDEMIA Secure Transactions Collaborates with IIT Hyderabad on Post-Quantum Cryptography:
IDEMIA Secure Transactions (IST) has partnered with IIT Hyderabad to enhance privacy frameworks against quantum threats through post-quantum cryptography. The collaboration aims to develop advanced cryptography solutions to ensure long-term product security.

4. LaunchPilot Commences Operations in India:
Singapore-based startup school LaunchPilot has initiated operations in India, supporting first-time entrepreneurs and working professionals. The firm facilitates idea execution and mentorship, initially partnering with academic institutions and communities to provide training and support for student entrepreneurs.

5. Corning Launches Digital and IT Centre in Pune:
American multinational Corning has inaugurated a new digital and IT centre in Pune, Maharashtra. Expected to create nearly 100 new jobs over the next two years, the center will enhance the company’s operations in information technology, focusing on areas such as supply chain, data, and cyber expertise.

6. Classplus Introduces Polaris School of Technology:
Edtech startup Classplus has launched Polaris School of Technology (PST), offering a four-year BTech program with specializations in Computer Science, Artificial Intelligence, and Machine Learning. The program aims to bridge the gap between industry demands and traditional BTech education.

7. JioCinema Records Significant Growth During Tata IPL 2024:
JioCinema, the official streaming platform for TATA IPL, witnessed substantial growth during the 2024 season, recording over 62 crore views and accumulating 35,000 crore minutes of watch-time.

8. Arahas Partners with UNIDO’s AIM Global Program for Responsible AI Deployment:
Geospatial IT and AI firm Arahas has partnered with UNIDO’s AIM Global program to advance responsible AI deployment in industry and manufacturing. The initiative promotes sustainable and inclusive AI application, advocating for ethical guidelines and collaboration across sectors.

9. PhonePe Expands Lending Platform with Marquee Partners:
Fintech platform PhonePe has broadened its loan distribution services by introducing secured lending products in collaboration with banks, NBFCs, and fintechs. Currently, the platform has 15 active partners, targeting expansion to 25 by the next quarter.

10. AiDash Launches Maiden ESOP Buyback Plan for Employees:
Enterprise SaaS firm AiDash has introduced its first Employee Stock Ownership Plan (ESOP) buyback initiative after a successful $58.5 million Series C funding round. The scheme targets existing full-time employees with a tenure exceeding three years, enabling them to capitalize on the accrued value of their vested shares.

11. T-Hub’s T-Recruit 2024 Facilitates Startup Talent Acquisition:
Startup incubator T-Hub organized T-Recruit 2024, a recruitment initiative connecting startups with tech talent. Over 6,000 job seekers participated, presenting opportunities for startups across diverse sectors.

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Daily Indian Startup News and Funding Updates – 29 May, 2024

Funding News:

1. EcoRatings Secures $1M Pre-Seed Funding:
   Sustainability AI company EcoRatings has successfully secured $1 million in pre-seed funding from a group of investors including We Founder Circle, 888 VC, Vinners, Indigram Labs Foundation, and Google. This funding, comprising equity and grant, will propel EcoRatings to enhance its large language model, tailored specifically for sustainability. Co-founder Aditi Balbir expressed plans to leverage this investment to advance their Gen AI-powered platform, dedicated to establishing a Unified Knowledge Platform for ESG (Environmental, Social, and Governance) requirements. The platform aids organizations in achieving sector-focused ESG goals by analyzing extensive datasets for precise answers.
2. Nanosafe Raises Rs 3.13 Cr in Seed Funding Round:
   Material science technology startup Nanosafe has secured Rs 3.13 crore in a seed funding round led by the IAN Group, alongside the participation of IIM Lucknow Enterprise Incubation Centre (IIML EIC). Notable contributions came from investors including Uday Chatterjee, Sandhya Vasudevan, Tejinderpal Singh Miglani, and Romesh Sobti. The funds raised will be utilized to expand Nanosafe’s operations into new markets, drive growth, and fortify its market positioning. Nanosafe’s formulations, harnessing active copper, offer broad-spectrum activity against various bacteria, viruses, algae, and fungi, addressing crucial hygiene and safety needs across water contact and textile healthcare and apparel applications.

Other Startup News:

1. mPokket Appoints Sanjay Kar as SVP of Data and Analytics:
   Digital lending platform mPokket has appointed Sanjay Kar as its Senior Vice President of Data and Analytics. Kar, equipped with over 16 years of experience in the banking domain, is tasked with spearheading the development and deployment of advanced analytics tools and data systems. His responsibilities include implementing analytics strategies to manage risk effectively, enhance operational efficiency, and foster quality business growth.
2. Cashaa Promotes Amjad Raza Khan as CEO:
   Neobank for crypto businesses, Cashaa, has elevated its Chief Technology Officer, Amjad Raza Khan, to the position of Chief Executive Officer. This strategic move aligns with Cashaa’s shift in business model towards discontinuing banking services for crypto and other high-risk businesses, focusing instead on introducing an all-in-one wallet. Khan’s immediate plans involve the rollout of Cashaa’s wallet service with AI-driven earn and borrow programmes across seven markets.
3. Eloelo Appoints Sagar Gaonkar as Chief Technology Officer:
   Live social media platform Eloelo has named Sagar Gaonkar as its Chief Technology Officer. Gaonkar, boasting over 16 years of expertise in video streaming and OTT technology, will lead innovation, technological strategy, and compliance at Eloelo. The platform, catering to over 75 million users in India, aims to leverage Gaonkar’s experience to further enhance its services and offerings.
4. Razorpay POS Introduces ‘Q-Zap’ Payment Solution:
   Razorpay POS has unveiled ‘Q-Zap,’ a payment solution designed to expedite checkouts for retailers. With the aim of reducing billing time by 40% and helping retailers save up to 20% in annual operating costs, Q-Zap facilitates payments from anywhere within the store using self-checkout kiosks or hand-held POS devices integrated with the solution. This innovation is poised to streamline the retail experience for both businesses and customers.
5. GatewAI Launches AI-Powered Solutions for Corporate Hubs:
   GatewAI, a tech-enabled service solution startup, has introduced AI-powered solutions to establish talent, technology, and innovation hubs in India for large corporates, MNCs, and global startups. Focused on catalyzing innovation by fostering collaborative ecosystems, GatewAI aims to empower multinational corporations to thrive in India’s market by providing tailor-made solutions that support their growth ambitions and maintain a competitive edge.
6. TMRW Partners with Google Cloud for Customized T-Shirt Designs:
   TMRW, a brand under the Aditya Birla Group, has collaborated with Google Cloud to enable users to create their own designs on t-shirts via Bewakoof.com using Generative AI. This partnership allows users to input simple text descriptions, generating corresponding images tailored to their specifications through Google’s ‘text to image’ first-party model Imagen, accessed via a simple API call.
7. Amazon India Announces Fourth Edition of ML Summer School:
   Amazon India has announced the registration dates for the fourth edition of its Machine Learning (ML) Summer School. Aimed at providing students with key ML skills and technologies, the free educational course will cover eight modules over four weekends in July. Open to engineering students enrolled in Bachelor’s, Master’s, or PhD degrees from any recognized institute in India, eligible students will be required to undergo an assessment for enrollment.
8. HostBooks Introduces MFG 360° for Manufacturing Industry:
   HostBooks, an integrated business solutions provider, has launched MFG 360°, a comprehensive solution aimed at transforming the manufacturing sector. This solution, encompassing financial management, operations optimization, and supply chain management, among other functionalities, is poised to streamline various aspects of production for manufacturing businesses.
9. Sleepwell and Kurlon Partner with Unicommerce for Ecommerce Operations:
   Mattress manufacturers Sleepwell and Kurlon have partnered with Unicommerce, an ecommerce enablement SaaS platform, to streamline their ecommerce operations. Leveraging Unicommerce’s multichannel order management and warehouse and inventory management systems, both brands aim to automate order processing and enhance their ecommerce presence.
10. iThink Logistics Launches Weight Discrepancy Management Dashboard:
    iThink Logistics has unveiled a weight discrepancy management dashboard to assist ecommerce sellers in managing and resolving weight discrepancies, thereby enhancing operational efficiency. Integrated with existing ecommerce platforms and logistics systems, this tool offers instant notifications of weight mismatches for immediate resolution during billing, ensuring accurate weight measurements.

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Daily Indian Startup News and Funding Updates – 28 May, 2024

Key Points: Funding News:

1. Solinas: Secured undisclosed funding from Neev II Fund and private sector capital from Rainmatter Capital. Will use funds to enhance product range and market presence, focusing on water and sanitation infrastructure resilience.
2. Inspeq AI: Raised $1.1 million in pre-Series A round led by Sure Valley Ventures. Plans to expand product development team and marketing operations.
3. Gravity: Raised $1 million in pre-Series A round led by Kettleborough VC. Aims to develop its tech further.
4. Maxvolt Energy: Raised $1.5 million from angel investors to develop fast-charging batteries for electric vehicles and energy storage systems.
5. AbleCredit: Raised $1.25 million in seed funding led by Merak Ventures. Intends to scale AI operations for faster credit underwriting.

Key Points: Other Startup News:

1. InCred: Appointed Vikram Agarwal as COO to oversee critical functions at InCred Capital.
2. Paytm Insider: Named Varun Khare as COO to lead operational strategies for growth and innovation.
3. WinZO and DPIIT: Partnered to sponsor gaming startups from India to represent the country at Gamescom, Latam.
4. Ecom Express and Skye: Partnered to integrate drone delivery technology into last-mile delivery ecosystem for enhanced speed and efficiency.
5. Gamerji: Expanded into Southeast Asia, starting with Indonesia and the Philippines, with plans to add a million users within a year.

In Details – Funding News

1. Solinas Secures Undisclosed Funding from Neev II Fund: Water and sanitation focused robotic solutions startup, Solinas, has successfully secured an undisclosed amount of funding from Neev II Fund, managed by SBICAP Ventures Ltd. The investment also includes private sector capital from Zerodha Founders investment arm, Rainmatter Capital. Established in 2018, Solinas specializes in developing robotic and AI solutions aimed at addressing challenges such as pipeline defect detection and manual scavenging elimination. The company plans to utilize the funds to bolster its product range, expand market presence, and advance its goal of climate change adaptation by reinforcing water and sanitation infrastructure resilience. Founders Divanshu Kumar and Moinak Banerjee expressed their excitement about collaborating with Neev II to sculpt a future for the industry that is both cleaner and more sustainable.
2. Inspeq AI Raises Rs 9.1 Cr in Pre-Series A Round: Responsible AI development platform, Inspeq AI, has secured $1.1 million in a pre-Series A investment round led by Sure Valley Ventures. Additional participation came from Delta Partners, Plug and Play, and several angel investors, including Pocked FM founder Prateek Dixit and Meta Ireland’s Rick Kelly. Founded in 2023 in Dublin, Ireland, by Apoorva Kumar and Ramanujam Macharla Vijayakumar, Inspeq AI aims to utilize the raised capital to expand its product development team and extend marketing and sales operations across India, Ireland, and the UK. Apoorva Kumar, Co-founder and CEO of Inspeq AI, emphasized that the investment will significantly accelerate the company’s growth trajectory as it strives towards advancing AI safety and performance globally.
3. Gravity Raises $1M in Pre-Series A Funding Round: Personalized banking platform, Gravity, has announced the successful closure of a $1 million pre-Series A funding round led by Kettleborough VC, along with contributions from various stakeholders within the banking industry. The startup intends to allocate the raised capital towards further development of its technology. Launched in 2024 by former bankers Satish Krishnaswamy and Rohit Maroo, Gravity offers interoperability among banking applications, simplifying the tech ecosystem and enhancing efficiency for banks while delivering customized products and features tailored to individual users. Krishnaswamy, Co-founder and CEO, highlighted Gravity’s mission to address fragmented banking systems and provide personalized experiences to customers.
4. Maxvolt Energy Raises $1.5M in Funding: Lithium battery manufacturer and supplier, Maxvolt Energy, has secured $1.5 million in funding from multiple angel investors. The company plans to utilize the investment to develop fast-charging batteries, aiming to launch the final product by the end of 2024 after extensive research and development. Satendra Shukla, CBO at Maxvolt Energy, outlined the company’s strategy to reduce charging time in phases, ultimately enhancing the efficiency of lithium battery packs for electric vehicles (EVs), energy storage systems, and medical devices. Established in 2019, Maxvolt Energy Industries Pvt Ltd aims to contribute to the sustainable advancement of battery technology.
5. AbleCredit Raises Seed Funding of $1.25M: AI credit underwriting company, AbleCredit, has secured $1.25 million in a funding round led by Merak Ventures, with participation from Venture Catalysts and Helios Holdings. The company plans to utilize the funding to scale its AI operations and expand its business. AbleCredit, founded by Utkarsh Apoorva, Harshad Saykhedkar, Ashwini Prabhu, and Anubhab Bandyopadhyay, has developed a GenAI model that facilitates faster credit underwriting, reducing operational costs and empowering companies to make decisions more efficiently. Merak Ventures’ Partner Manu Rikhye emphasized the potential for transformation in loan disbursement through AI advancements, praising AbleCredit’s innovative tools.

Other Startup News:

1. InCred Appoints Vikram Agarwal as COO: Financial services company InCred has appointed Vikram Agarwal as its new Chief Operating Officer. With over 25 years of experience, including leadership roles at Julius Baer India, Agarwal will oversee critical functions at InCred Capital, including technology, operations, client servicing, compliance, and risk management.
2. Paytm Insider Names Varun Khare as COO: Entertainment platform Paytm Insider has appointed Varun Khare as its new Chief Operating Officer. Khare, who played a crucial role in driving growth over the past four years, will now lead operational strategies for the company, driving growth and innovation.
3. WinZO and DPIIT Partner to Sponsor Gaming Startups: WinZO and DPIIT have collaborated to select and sponsor gaming startups from India to represent the country at Gamescom, Latam. The initiative aims to provide a global platform for Indian gaming startups to showcase their creativity and technological prowess.
4. Ecom Express and Skye Partner for Drone Deliveries: Logistics solutions provider Ecom Express Limited and drone tech company Skye Air have partnered to integrate drone delivery technology into their last-mile delivery ecosystem, aiming to enhance delivery speed, improve efficiency, and reduce carbon emissions.
5. Gamerji Expands into Southeast Asia: Esports tournament platform GamerJi has launched its operations in Southeast Asia, starting with Indonesia and the Philippines. The company aims to add a million users from the region to its platform over the next 12 months.