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Sethu Pradeep

Inc42 Staff

Sethu Pradeep is a journalist interested in what makes the startup ecosystem tick. He spends his free time reading books everyone has read and watching cinema no one has.

Most Read

Smartron Secures $200 Mn Share Subscription Facility From GEM Group Summary Smartron began its operations as a smartphone OEM before pivoting to make AI-enabled IoT devices and EVs The market size of the global IoT industry was estimated to be $308.9 Bn in 2020 and is projected to grow from $381.30 Bn in 2021 to $1,854.76 Bn in 2028 New use cases and applications borne out of IoT devices’ ability to interact with each other (self-reliantly) without human interference is expected to drive this growth further

IoT Firm Smartron Receives $200 Mn Funding Commitment From GEM

Hyderabad-based AIoT (artificial intelligence of things) and EV OEM (electric vehicle original…
Social Commerce Startup Trell Concludes INR 12 Cr ($160k) ESOP Buyback Trell is a community-based platform that features video-based content in various Indian languages It claims to have over 60 Mn monthly active users (MAUs) and content in multiple categories To date, Trell has raised a total of over $62 Mn in venture capital from investors including Mirae Asset Ventures, H&M Group, Samsung Ventures, LB Investments and others Bengaluru-based social commerce platform Trell has concluded an employee stock ownership plan (ESOP) buyback worth INR 12 Cr ($160k).

Social Commerce Startup Trell Concludes INR 12 Cr ESOP Buyback

Bengaluru-based social commerce platform Trell has concluded an employee stock ownership plan…
Ex Paytm Money CEO Pravin Jadhav’s Raise Financial Services Bags $22 Mn Summary Its first product, Dhan, is an investment platform that allows retail investors to trade stocks, equity options, equity futures, currencies, etc. The global market for wealth management platforms was valued at $3.27 Bn in 2020, and is expected to reach a valuation of $7.02 Bn by 2026 The pandemic has had a huge impact on trading and investing as people find it harder to access traditional methods of finance and investments Former Paytm Money CEO Pravin Jadhav-led Raise Financial Services has raised $22 Mn in a Series A funding round led by BEENEXT and Mirae Asset Venture. 3one4 Capital and rocketship.vc also participated in the round.

Ex Paytm Money CEO Pravin Jadhav’s Raise Financial Services Bags $22 Mn

Former Paytm Money CEO Pravin Jadhav-led Raise Financial Services has secured $22…
Enterprise Coaching Platform Peakperformers Raises Funds To Launch More Modules Summary Peakperformer is a tech-enabled coaching platform for managers that offers scalable, high impact leadership development solutions for different management level It plans on utilising the freshly-infused capital toward expanding its team, venturing into new markets, and launching more features and modules The global market for corporate training was valued at $332.93 Bn in 2019 and is projected to reach $417.21 Bn in 2027 at a CAGR of 9.4% Business skills coaching startup Peakperformer has raised $3 Mn in a seed funding round led by Sequoia India’s Surge, with participation from Antler India, Blume Founders Fund, and some angel investors.

Peakperformers Raises Funds From Sequoia Surge, Antler To Make Leadership Coachi...

Business skills coaching startup Peakperformer has raised $3…
HRtech Startup Darwinbox Enters Unicorn Club With $72 Mn Funding Summary Darwinbox is a cloud-based HRtech startup that caters to companies’ HR needs It plans to deploy the freshly infused funds towards fueling its global expansion, product development, and hiring talent across multiple teams The global HRtech market was valued at $22.89 Bn in 2020. It is projected to grow from $24.04 Bn in 2021 to $35.68 Bn in 2028 HRtech startup Darwinbox has raised $72 Mn in a funding round led by Technology Crossover Ventures (TCV). With this capital infusion, the startup’s valuation crossed the $1 Bn mark, making it the third Indian unicorn minted in 2022.

HRtech Startup Darwinbox Enters Unicorn Club With $72 Mn Funding

HRtech startup Darwinbox has raised $72 Mn in…
T-Series Joins Hands With Hungama To Create Metaverse With NFTs Summary Super Cassettes India, doing business as T-Series is an Indian record label, film production and digital media company that was initially founded in 1983 It runs the biggest channel on YouTube by both numbers of views and subscribers Hungama Digital Media Entertainment is a Mumbai-based digital entertainment company that boasts over 90 Mn monthly active users Music label T-Series has joined hands with entertainment company Hungama’s division HEFT Entertainment to foray into the Non-Fungible Tokens (NFT) ecosystem.

T-Series Joins Hands With Hungama To Create Metaverse With NFTs

Music label T-Series has joined hands with entertainment…
HYPD Raises Funds From Bhuvan Bam And Tanmay Bhat To Build Shopify For Creators

HYPD Raises Funds From Bhuvan Bam And Tanmay Bhat To Build Shopify For Creators

Creator-owned marketplace startup HYPD has raised $1.5 Mn…
Hospals Bags $3.5 Mn To Expand Cross-Border Medical Care Network Summary Hospals offers medical services to patients with its international network of doctors, medical care practitioners and hospitals It claims to have served over 22,000 patients from 38 countries, helping them access medical advice, teleconsults and surgical treatments through its network The global medical tourism market was estimated to be worth $104.68 Bn in 2019 and was projected to reach $273.72 Bn in 2027 Cross-border health benefits and travel startup Hospals has raised $3.5 Mn in a Pre-Series A round led by Inflection Point Ventures, 9Unicorns and Singapore-based Wavemaker among others.

Hospals Bags $3.5 Mn To Expand Cross-Border Medical Care Network

Cross-border health benefits and travel startup Hospals has…
Dental Care Startup Smiles.ai Secures $23 Mn To Build Digital Dental Care Network Summary Smiles.ai offers dental care products and services to its customers with its proprietary technology platforms The startup will deploy the funds towards expanding its national footprint, strengthening leadership team and building new tech-driven dental solutions The Indian dental care market is estimated to be worth around $4 Bn and is expected to grow at a rate of 30% year-on-year Dental care startup Smiles.ai has raised $23 Mn (INR 171 Cr) in a Series A funding round led by Alpha Wave Incubation.

Dental Care Startup Smiles.ai Secures $23 Mn To Build Digital Dental Care Networ...

Dental care startup Smiles.ai has raised $23 Mn…
StanPlus Raises $20 Mn To Develop Nationwide Emergency Medical Response System StanPlus operates a network of rapid emergency dispatch (RED) ambulances and emergency rooms It currently works on a B2B model, offering services to hospitals and other medical care centres The global emergency medical services market is projected to reach $74.7 Bn by 2027, growing at a CAGR of 6.91% between 2019 and 2027 Medical response startup StanPlus has raised $20 Mn in debt and equity funding during a Series A round.

StanPlus Raises $20 Mn To Develop Nationwide Emergency Medical Response System

Emergency medical response startup StanPlus has raised $20…
Protonn Shuts Down Business In Less Than A Year After $9 Mn Seed Funding Summary Protonn used to allow independent professionals including lawyers, graphic designers and nutritionists to launch their own businesses online It was founded in 2020 by former Flipkart executives Anil Goteti and Mausam Bhatt The global freelance platform market size was projected to reach $9.1 Bn in 2026, growing at a CAGR of 15.3% from $3.39 Bn in 2019 Digital solutions startup Protonn has shut down its business in less than a year after raising $9 Mn in seed funding, according to media reports

Matrix Backed Protonn Shuts Down In Less Than A Year After $9 Mn Seed Funding

Digital solutions startup Protonn has shut down its…
Startups To Get Two-Year Exemption From Haryana’s 75% Local Candidate Reservation Law Summary The Haryana State Employment of Local Candidates Bill, 2020 was passed by the state assembly in November 2020 The law says, every employer employing more than 10 persons is required to employ 75% local candidates for the posts where the gross monthly salary or wages are less than INR 50,000 Deputy chief minister Dushyant Chautala said that new startups and IT/ITES companies will be exempt from the law for two years Earlier this week, Haryana deputy chief minister Dushyant Chautala said that new startups and IT/ITES companies will be exempt from the state’s new local candidate reservation law for two years.

Startups To Get Two-Year Exemption From Haryana’s 75% Local Candidate Reservatio...

Earlier this week, Haryana deputy chief minister Dushyant…