Listed below are some of the major news of the startup sector, take a look to stay updated:
Accel and IDG lead $19 Mn Series B round in health tech startup SigTuple
Artificial Intelligence-based health tech startup SigTuple has raised $19 million in its Series B round led by Accel Partners and IDG Ventures. Existing investors of the Bengaluru-based startup such as Endiya Partners, pi Ventures, Binny Bansal and new investors VH Capital, Axilor Ventures and Trifecta Capital, also participated in the round.
The fresh funds will be allocated for research and development, conducting clinical trials, products distribution and expanding its footprint into other markets. Besides, the startup is looking for a sales and support teams as well.
PolicyBazaar raises over $238 million in SoftBank-led round
PolicyBazaar, along with PaisaBazaar, has secured $238 million (Rs 1,600 crore) in equity financing led by SoftBank, the world’s largest technology investor, in the process joining a rapid succession of Indian enterprises being catapulted into the once-elusive Unicorn club.
The announcement comes after about six months of negotiations between the Tokyo-headquartered SoftBank and Gurgaon-based ETechAces Marketing and Consulting, which owns and operates insurance policy aggregator PolicyBazaar and online financial marketplace Paisa-Bazaar.
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One 97 puts Rs 61 crore in Paytm Entertainment
Digital payments major One 97 Communications, which owns the brand Paytm, has invested Rs 61 crore into Paytm Entertainment, its wholly owned subsidiary, said the company in a filing with the Ministry of Corporate Affairs.
Paytm Entertainment is into ticket booking for movies and other entertainment channels. Paytm had acquired Chennai-based online ticketing platform Ticket New earlier this year for ramping up its operations in the ticket booking business.
Eggoz secures Rs 1.2cr funding from a clutch of angel investors
Egg producer and agri-tech startup Eggoz has raised Rs 1.2 crores from a clutch of angel investors including Narendra Sankar, Sunil Mishra, Vishal Sharma, Anurag Jhanwar and Mohini Jhanwar.
Eggoz is a full-stack egg producer using cutting-edge technology to produce high quality and nutrition-rich eggs. Eggoz farms are run with higher efficiency with smart technology and processes. Eggoz runs a network of multiple farms at various locations; producing predictable quality eggs. The company has total bird capacity of 1,00,000 hen with 65,000 hen operational farms and remains under construction.
Today’s Take Away:
Everyone has different mantra to be successful. We can’t copy anyone’s way but we can surely be inspired by what the experts have to say.
Jason Calacanis, Founder, Mahalo rightfully says,
“Be amazing, be everywhere, be real.”
