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Friday

7 stories you need to know from India's startup ecosystem.

7Stories
4Min Read
01
Funding 5 min read

Truth & Hair Raises ₹5.4 Crore Seed Led by Inflection Point Ventures for Hair Styling Range

Truth & Hair sells into a gap that mass hair care has left open. Shampoo and conditioner are cleansing products sold on price and volume, with Hindustan Unilever, Marico and Dabur controlling shelf space and advertising …

02
Policy 5 min read

Hyderabad Police Book Meta India Head Arun Srinivas Over Morphed Content Featuring PM Modi

Section 79 of the Information Technology Act gives an intermediary immunity from liability for content its users post, provided it does not initiate the transmission and removes material on receiving a valid court order …

03
Funding 5 min read

Aham Housing Finance Raises ₹100 Crore Led by The Sanmar Group to Expand Affordable Home Loans

An affordable housing lender makes money on the gap between what it pays for funds and what it charges borrowers whom banks will not underwrite. Aham's borrowers are largely self-employed with undocumented income, and 74…

04
Fintech 5 min read

super.money Launches superGift Multi-Brand Gifting Solution With Flipkart, Myntra and Cleartrip

A gift card is a promise about where money can be spent, and in India that promise has usually been narrow. Most cards work at one brand, which puts the buyer in the position of guessing what the recipient likes before h…

05
Funding 5 min read

Simile Raises $200 Million at $2 Billion Valuation Five Months After Its $100 Million Series A

Asking people what they want is slow and expensive. A focus group has to be recruited, scheduled and moderated, a survey panel has to be sampled and weighted, and the answers arrive weeks after the question was worth ask…

06
Funding 5 min read

SambaNova Raises $1 Billion at $11 Billion Valuation in First Close of Series F Round

Demand for AI inference is running ahead of the hardware available to serve it, and the shortage is not evenly distributed. Frontier labs and large clouds hold the allocation. A bank, an oil company or a government depar…

07
Funding 5 min read

Apna Mart Raises ₹120 Crore Series C From Existing Backers Accel, Fundamentum and Peak XV

Ten-minute grocery delivery was built for cities where thousands of orders land within a two-kilometre radius. In Ranchi, Jamshedpur or Raipur that density does not exist, and a company-owned dark store in those markets …

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