Chumbak, a design-based retail brand, has raised Rs. 3 Crore through the platform named Klub, a revenue-based financing platform. Chumbak, which is a home & lifestyle brand and a globally recognized brand, was founded by Shubhra Chadda and Vivek Prabhakar in the year 2010. The company has decided to use the funding of Rs. 3 crores for the launch of new collections and to Strengthen the platform for the festive season. The brand, chumbak, would mostly utilize funds to place merchandise orders and for increasing the awareness of the brand namely chumbak according to Business World’s BW Disrupt report. Chumbak has more…
Author: Manisha Gurnani
Aarav Solutions, which is an Ahmedabad-based IT startup, has expanded its AI space, and soon the company would launch AI-related products and platforms as the company has acquired Froot Research, an AI startup. The acquisition happened for $4 million. Froot Research has become the sister company of Aarav Solutions because of its acquisition and not the company would work under the brand name, Aarav. Aarav Solutions has now got the benefit that due to this acquisition they now would be able to enter the market of the work based on extensive Research conducted by IITs, NITs, MIT, and other institutes…
Preimage, a 3D reconstruction platform, is based in Bengaluru. The company has raised $1.7 million from pi Ventures in a seed funding round. The companies like Better Capital, Java Capital, and other prominent angel investors also took participation in this funding round. About Preimage Preimage was founded in the year 2020 by Ugam Kamat and Siddharth Jha. The company is providing a process that is seamless so that the generation of 3D digital clones by providing an automated processing workflow that works in a fast environment so that it can scale to tens of thousands of images. 3D digital clones…
On 28th September 2022, Linked In, an Online professional network, released the list of the top 25 start-ups in India that are innovating in the year 2022 and have been resilient in an uncertain market environment. First Position CRED, which is a unified payments interface, has topped the list of top 25 startups by Linked In. CRED, Valued at $6.4 Billion, has moved to First Position in 2022 and was at the third position in the year 2021. Read More: Why Is Startup Fundraising Now Linked With Revenue? As CRED offers benefits to employees such as ElderCare, egg freezing, one-on-one…
PhysicsWallah, which is an Edtech unicorn, has started providing tests for the preparation of the Graduate Aptitude Test in Engineering examinations to the students who are looking forward to studying post graduation. About PhysicsWallah PhysicsWallah, which was started in the year 2020 by Alakh Pandey and Prateek Maheshwari, is an online education platform that provides courses and content material for students who are studying for engineering and medical entrance examinations. The platform has interactive material in the form of lectures and audio which helps students grasp the concepts easily and also at cheaper rates from the comfort of their homes.…
Raymond was founded in the year 1925. The company has a diversified portfolio of products to deal in such as the Textile Industry, Apparel Industry, and a few other Industries such as FMCG, Real Estate, Engineering, and Prophylactics. Raymond operates in India and in International markets as well. Raymond has many brands of cloths namely Raymond Premium Apparel, Raymond Made to Measure, Ethnix, Park Avenue, Park Avenue Woman, and ColorPlus. The company sells all its products through a network of more than 700 retail shops namely ‘The Raymond Shop’ Across India and also outside India in more than 200 cities.…
Supam Maheshwari, who is the founder and CEO of Xpressbees Logistics and Firstcry, was born in the year 1974. He has studied at IIM, Ahmedabad. Education Supam Maheshwari has done schooling at Apeejay School. He graduated in mechanical engineering from Delhi College of Engineering in the year 1995. In the year 1997, He completed his post-graduate degree from IIM Ahmedabad. Entrepreneurship Journey After completing his education, supam chased his dream of becoming an entrepreneur. In the year 2000, He along with his colleague namely Amitava Saha launched the project on which he was working after his studies namely Brainvisa Technologies.…
The business-to-business (B2B) express unit of logistics startup Rivigo has been acquired by Mahindra Logistics for Rs 225 crore in a slump sale. This deal would most likely be closed on or before 01st November according to a regulatory filing to the BSE. About Rivigo Business Rivigo was started in the year 2014 by Deepak Garg and Gazal Kalra, who were working as consultants at Mckinsey. Their idea was to create a relay truck model in which no individual would have to drive for more than four-to-five hours continuously and would return home the same day. The mobile application of…
V.S. Sudhakar, Hari Menon, V.S. Ramesh, Vipul Parekh, and Abhinay Choudhari, who have survived the dot-com bubble, founded Big Basket in October 2011. Big Basket, India’s Largest Online Grocer has headquarters in Bengaluru. Tata Digital Limited, a unit of Tata Sons, recently bought a huge stake in Big Basket and this was approved by India’s antitrust body making it official that Tata Group is the owner of Big Basket. Business Launched by Big Basket Big Basket has launched three businesses that are new and unique ideas, BB Daily, BB Instant, and BB Beauty. BB Daily BB Daily is a platform…
Kuku FM Raised investment from Fundamentum Kuku FM, an audio platform started by Lal Chand Bisu and others in the year 2018, has raised $21.8 million of funding from Fundamentum. This changed into a series B1 funding spherical. Fundamentum is a corporation which is backed by Nandan Nilekani. Preceding Investors, KRAFTON, Inc, 3one4 Capital, Vertex, Verlinvest, and FounderBank Capital additionally participated in this round of investment About Kuku FM Kuku FM is an audio podcasting platform that creates and distributes content material. It has about 1.5 million subscribers. It facilitates human beings in growing and posting content on the platform…