Blockchain analytics startup bitsCrunch has raised a seed round of 7,50,000 dollars from multiple VC firms and angel investors. The startup focuses on policing the NFT Marketplaces.
EV and Drones Startup
After four and two wheelers India plans to turn about 6 million three wheelers into electric vehicles. Convergence Energy Services Ltd has invested Rs 3000 crore to buy one lakh electric three wheelers for different uses.
Electric vehicle startup Ultraviolette Automotive has announced that it will be setting up a manufacturing facility in Bangalore. The startup will manufacture 15,000 electric motorcycles in the first year, and plans to rapidly scale up. It also intends to invest Rs 500 crore in the facility
Drone delivery startup TechEagle has raised $ 500,000 in a seed round led by India Accelerator. TechEagle provides an end-to-end technology solution for enabling a drone logistics airline for last-mile and mid-mile deliveries.
Edtech startup Lido Learning has raised 10 million dollars led by Ronnie Screwvala’s Unilazer Ventures. The funding comes amid the boom in the education startup ecosystem in India.
Edtech startup Unacademy is planning to go for its biggest ESOP buyback. It has been barely one month since Unacademy rolled out the industry’s first Teacher Stock Option Plan.