Zero Cow Factory, a biotech startup headquartered in Surat, India, has recently secured $4 million (INR 32 crores) in a seed funding round. The round was led by Green Frontier Capital, GVFL, and Pi Ventures, with participation from Pascual Innoventures, the investment division of Spanish dairy company Calidad Pascual. The startup plans to use the funds to speed up its research and development efforts. It plans to expand its production capabilities and obtain the necessary regulatory approvals to launch its products in the market. Zero Cow Factory’s Technology Zero Cow Factory was established in 2021 by Parini Kapadia and Sohil…
Author: Editorial Team
Reliance Industries, one of India’s largest conglomerates, is expanding its e-commerce presence with the launch of Ajio Street, a new marketplace model for low-priced, longtail fashion items. According to the Economic Times, Ajio Street will operate on a zero-commission model. Here merchants can onboard the platform with a 15-day payment settlement offer. The platform aims to acquire fresh consumers from non-metro, Tier-II cities, and beyond. Ajio Street to Compete with Meesho in Non-Metro Cities The new platform will have a separate window on the Ajio platform and app. It will focus on non-metro cities and towns. Under the zero-commission model,…
Vigyos Centre, a fintech and adtech startup incubated by the prestigious Indian Institute of Management in Bangalore, has secured Rs 1 crore in funding from Japanese investors. Employees from Softbank also participated in the funding round. The startup plans to use the raised capital to strengthen its research and development department (R&D), hire quality manpower, and build robust technology infrastructure. Co-founded by Kanishq Gupta and Faiz Khan, Vigyos Centre offers more than 200 financial services. It provides offline and online services to small and middle enterprises in Tier II and III cities through a franchise setup. Many SMEs often face…
Scaling your startup is one of the most crucial and challenging aspects of starting a business. While it can be an exciting time for any entrepreneur, it can also be daunting and overwhelming. A startup that is not appropriately scaled may not reach its full potential, and worse yet, it may fail. Scaling your startup is critical to achieving long-term success. Let’s discuss some tips and tricks to help you do it effectively. 1. Establish a Strong Foundation for Scaling Your Startup Importance of a solid business plan The foundation of any successful business is a well-written business plan. A…
The World Bank has decreased its estimate for India’s economic growth in the fiscal year 2023-24 from 6.6% to 6.3%. The bank cites a decrease in consumption caused by slower income growth as the reason for the adjustment. The Reserve Bank of India’s 250-basis-point hike in interest rates since May 2022 has been causing an increase in borrowing costs in India. This increase in borrowing costs is expected to impact private consumption growth. The World Bank’s report indicates that the government’s consumption growth will likely slow down. This is because of the removal of pandemic-related fiscal support measures. Additionally, the…
AVIOM Housing Finance Corporation (AVIOM HFC), headquartered in Delhi, recently secured a Series D funding round worth $30 Mn. Global investment manager Nuveen invested the amount through primary and secondary investments. It will use the funds to expand its loan book and operations in new locations to support low-income households. Moreover, AVIOM completed this latest funding round 18 months after raising INR 59 Cr (about $8 Mn) in its Series C round of funding in October 2021. In addition to the current investment, it has raised roughly $54 Mn across various funding rounds. AVIOM Housing Finance Corp.’s Expansion Plan AVIOM…
March manufacturing activity in India hits a three-month high amidst job cuts and unemployment. A private business survey showed on Monday that the manufacturing industry in India expanded at the fastest pace this year. This is especially true in 3 months or the first quarter of this year. There were new orders and also improved orders. The survey support also shows that India is placed fairly well as Asia’s 3rd largest economy during this global downturn. It was speculated that India would grow 6.9% this fiscal year and 6.0% the next. S&P Global compiled the Manufacturing Purchasing Managers’ Index, increasing…
DMI Finance is a digital lending company in India. It has recently closed a $400 million equity investment round. MUFG Bank, a Mitsubishi UFJ Financial Group subsidiary, led the round. Sumitomo Mitsui Trust Bank Limited, an existing investor, also participated in the funding round, which includes primary and secondary transactions. DMI Finance focuses solely on providing loans through digital channels. This includes products such as consumption, personal, and MSME loans. It uses technology to optimize every step in the lending process, from sales and underwriting to customer service and collections. DMI Finance Aims to Provide Reliable Financial Services to Small…
Dunzo is a hyperlocal delivery startup valued at over $1 billion. According to reports, it is currently in advanced talks with its investors to secure nearly $50 million in a new funding round. Their existing backers, Reliance Retail and Google, are primarily holding the talks. The Indian start-up has been trying to secure funds between $70 Mn and $150 Mn for quite some time, according to ET reports. The delivery startup is considering funding at a time when the Indian startup ecosystem is experiencing a funding winter marked by a significant drop in venture capital funding during the first quarter…
Startups are becoming increasingly popular in the business world today. They are seen as innovative and disruptive, and they have the potential to transform entire industries. However, startups need help to succeed. These challenges include a need for more resources, limited experience, and a lack of access to capital. This is where a business incubator or an accelerator can come to aid. These organizations provide support and resources to startups, helping them to overcome these challenges and grow their businesses. What are Incubators and Accelerators? Incubators and accelerators are organizations that provide support to startups. While the two terms are…