Bengaluru-based early-stage enterprise capital (VC) agency Seafund Enterprise Capital is now turning its scale larger and deeper by putting bets on startups which have know-how depth, and is backing them with bigger cheques.Based in 2015 by Manoj Kumar Agarwal and Mayuresh Raut, Seafund got here out with its first fund of Rs 25 crore round 2018, and is now seeking to shut its second fund of Rs 250 crore by the tip of this yr.A sector-agnostic B2B targeted fund, Seafund usually invests in startups which have a tech play of their enterprise with a transparent enterprise mannequin.In a dialog with…
Author: DF Manager
The IBW2024 Convention, the two-day headline occasion anchoring India BlockchainWeek (IBW), can be held on 4-5 December 2024, 9am-6pm, on the Sheraton GrandBengaluru Whitefield Lodge & Conference Heart. It’s the first-ever platform for Indian Web3 builders and innovators to discover collaboration alternatives with international {industry} leaders. The primary convention is hosted by Hashed Emergent, a web3 enterprise capital agency devoted to accelerating the mass adoption of web3 in India and different rising markets. India has ranked #1 in crypto adoption for 2 consecutive years, as per Chainalysis.The nation is enjoying an more and more essential position within the international web3…
Earlier this month, Oorla, a sweets and savoury model from Coimbatore, exhibited its merchandise in Denver, Colorado. On show, amongst many different conventional South Indian delicacies, was Thenga Mithai—a sort of coconut barfi (candy) native to Tamil Nadu’s Karur metropolis.Guests, most of whom had been from India, mentioned the product lineup made them really feel nostalgic in regards to the time they spent again residence.For Co-founders Saravana Kumar Mohanraj, Prabhakaran Balasundharam, Arvindh Saravana Bhavan, this vote of approval makes their journey to entrepreneurship, which started in 2021, a hit. The concept to carry regional South Indian delicacies to a world market, Mohanraj…
Within the dynamic world of startups, the place each second counts and sources are valuable, having a dependable IT associate could make all of the distinction. For the previous 20 years, one firm has been silently shaping the technological spine of India’s startup ecosystem. That is the story of Nurture IT, an organization that has grown from humble beginnings to grow to be the trusted IT associate for quite a few SMBs and startups throughout India.Deepak Srinath, Founder, Nurture IT, recollects the corporate’s origins. “Whereas we have been mere laptop computer suppliers to many startups, they might attain out for…
International Entrepreneurship Week is an annual occasion that celebrates innovaters, fostering entrepreneurial actions by means of occasions, competitions and networking alternatives. We have now a prestigious lineup of audio system at this 12 months’s occasion, every bringing a wealth of expertise, distinctive insights, and a confirmed monitor report of their respective fields. From motivational audio system to high-powered executives and authorized specialists, our audio system are right here to encourage and information the subsequent era of leaders. Organiser: E-Cell, Aryabhatta Faculty Date: November 19 – 20, 2024Location: Aryabhatta College, Delhi University
SUMMARY Vecmocon Applied sciences secured $10 Mn (round INR 84.4 Cr) in its Sequence A funding spherical led by Ecosystem Integrity Fund and British Worldwide Funding, together with present investor Blume Ventures The corporate plans to deploy the contemporary proceeds to increase into different segments, together with electrical two-wheeler, three-wheeler, mild business automobile (LCV) and bus In 2022, Vecmocon raised $5.2 Mn in a Pre Sequence A funding spherical from Tiger International and Blume Ventures, together with a clutch of angel traders EV intelligence startup Vecmocon Applied sciences has secured $10 Mn (round INR 84.4 Cr) in its Sequence A…
New Delhi is among the many largest markets by quantity and rising at a speedy tempo, president of Uber India and South Asia Prabhjeet Singh has mentioned, terming it an “extremely vital market” that presents a multi-decadal alternative for the ride-hailing platform. Singh instructed PTI that mobility alternative in India is “huge” and “underpenetrated”. The corporate believes it has “barely scratched the floor” regardless of the sturdy line-up of services and products and the strong progress. “There’s a lot extra to be executed although we’re rising leaps and bounds,” the highest honcho of Uber India mentioned. The mobility large will…
SUMMARY The ride-hailing main attributed the lowered FY24 losses to a “disciplined method to price administration” and by optimising key price areas Rapido clocked 44.5 Cr orders in FY24 versus 30.7 Cr orders in FY23 whereas GOV zoomed 1.8X YoY to INR 4,257 Cr within the fiscal beneath overview In September, Rapido bagged $200 Mn in a Sequence E spherical led by WestBridge Capital, which turned the ride-hailing startup right into a unicorn with a valuation of $1.1 Bn On the again of price chopping measures throughout the board, journey hailing big Rapido trimmed its losses by greater than 45%…
India’s journey towards being an inclusive and equitable society hinges on creating significant job alternatives for folks with disabilities, consultants say. Regardless of progress in insurance policies and expertise, boundaries equivalent to social stigma, accessibility points, and lack of employment alternatives proceed to hinder the combination of individuals with disabilities into the workforce. By 2030, India goals to dismantle these boundaries, making certain equal entry to jobs for all.In keeping with the Nationwide Household Well being Survey (NFHS-5) carried out by the Indian Council of Medical Analysis (ICMR) in 2019-21, 63.28 million folks, or 4.52% of India’s inhabitants, reside with…
Wipro and Menzies Aviation have certainly expanded their partnership to roll out the Menzies Aviation Cargo Dealing with (MACH) system to twenty-eight new areas by 2025. This modern cargo administration system has already been deployed at 24 areas throughout 4 continents, with a further 13 airports set to go reside quickly. The MACH system, which was launched in November 2023, has revolutionized operations at main airports like Auckland Airport (AKL), Dallas Fort Price Worldwide Airport (DFW), and O. R. Tambo Worldwide Airport (JNB), managing over 150,000 tonnes of cargo. It gives real-time information insights, enhances accessibility, and improves operational effectivity…