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Fintech Startup

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

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.

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Healthcare Startup Healthtech startup BeatO has acquired Novique Health to help Indians fight diabetes. The programme will help patients reverse diabetes by addressing the root cause of diabetes. Healthcare supply chain platform Biddano has raised 2 million dollars in a funding round led by Gokul Rajaram who is the board member at Coinbase and Pinterest. Agritech Startup Plant based protein startup, Proeon has raised ₹17.5 crores in a seed funding round led by entrepreneur Shaival Desai. The new funds will be utilized to enhance growth and set up a research lab in the Netherlands.