HYDERABAD ANGELS

Last-mile logistics firm Exprs bags Rs 4.5 crore in seed funding

The Hyderabad-based firm is looking to set up over 500 nano distribution hubs for e-commerce deliveries in large apartment complexes and tech parks across India in the next six months.

FPL Technologies secures USD 10 mn funding from Sequoia India, others

The latest investment brings FPL Technologies' total funding since launch to approximately USD 15 million, it added.

IFC commits $10 million investment in Endiya Partners-II

Endiya said its investment strategy addresses a funding gap in the venture capital spectrum in India between Angel and Series A investments, enabling entrepreneurs to find a value accretive partner to further the development of their vision to build a sustainable business model.

Aiming for the stars: Startups are charting course for the final frontier

The new focus could help India’s space economy, estimated to be 2% of the $360 billion global market, touch $50 billion by 2025, as envisaged by a PwC report in January. Bulk of the growth would come from downstream business such as services and ground applications.

Here's how Covid-19 could prove to be a catalyst for India’s SaaS sector

SaaS companies typically serve the enterprise market and have products that run on the cloud. The ubiquity of reliable bandwidth around the world and advances in cloud technology, both recent developments, are key to making these businesses possible.

A change in consumer behaviour gives online meat sellers a boost

The lockdown had disrupted the centuries-old meat and fish vending business in India. But some technology-backed fish and meat companies saw an opportunity and started sourcing fish and meat locally and delivering them to households.

Toch raises over $400,000 in pre-Series A bridge funding round

Proceeds from the pre-Series A bridge round will be used by it to develop its technology infrastructure and further scale up its team, the Mumbai-based company said in an official statement.

Sustainable footwear brand Neeman’s raises $1 million from angel investors

As per the industry data, the current size of shoe industry is around Rs 40, 000 crore and growing at 5% compounded annual growth rate (CAGR).

Kalaari leads $2 million Series-A round in Wysh

Existing investors Whiteboard Capital, Touchstone Equities, AngelList and new investors AET fund, IIMK, GEMBA capital also participated in this round.

Mumbai Angels Network partners with Neoleap Accelerator

With this partnership, Mumbai Angels Network will provide a rich platform to the highly curated startups from Neoleap Accelerator to showcase in front of their network of investors.

Tech companies launch 'Hyderabad Fintech Forum'

Principal secretary to IT and industries Jayesh Ranjan formally launched the forum.

Toch raises pre-Series A funding from Mumbai Angels Network

Toch is an AI video platform which auto detects any object, person, emotion, location, scene and activity in real time, inside any video content enabling monetisation.