New-age startups raised $817.2 million in May 2024, up 62% from last year, with top investor Venture Catalysts leading funding rounds for startups like Zypp Electric.
ETtech Deals Digest: Startup funding in May rises 62% on year to $817 million
InsuranceDekho in talks to acquire credit marketplace BankSathi: sources
Insurance marketplace InsuranceDekho, backed by investors like TVS Capital and Goldman Sachs Asset Management, will acquire a majority stake in BankSathi, which is a distributor of credit cards and personal loans, two people in the know said.
Realme P1 5G and P1 Pro 5G laucnhed in India with 120Hz AMOLED displays, 45W charging: Check price and features
Realme has launched its new P1 5G series in India, featuring the Realme P1 5G and Realme P1 Pro 5G smartphones. These devices come with innovative features like a seven-layer VC cooling system for efficient thermal management, stunning AMOLED displays with high refresh rates and powerful chipsets for smooth performance. The base model starts at Rs 14,999, while the Pro variant starts at Rs 19,999, offering competitive pricing in the mid-range segment.
GlobalLogic sees increased business from India-based GCCs
GlobalLogic has seen a significant increase in its India business due to the growing number of global capability centres (GCCs) in the country, according to the company’s top executives.
100X.VC invests $2.7 million in 17 startups
100X.VC, a Mumbai venture capitalist firm, injected $2.7 million into 17 startups in their 11th cohort. This brings their total portfolio to 161 companies. Ninad Karpe, founder and partner at 100X.VC, said they invested Rs 1.25 crore in each startup and provided mentorship to help them refine their products and go-to-market strategies.
SaaS startup Testsigma raises $8.2 million led by MassMutual Ventures
Existing investors Accel, Strive and BoldCap also participated in the round, Testsigma said on Wednesday. The company had previously raised $4.6 million in 2022.
WhatsApp update: Now stay organised with new 'Chat Filters' feature; here's how it works
WhatsApp has launched chat filters to simplify message organization and retrieval, offering three categories: All, Unread, and Groups. Users can access filters on the Chats screen, enhancing efficiency in managing conversations. The benefits include streamlined organization, priority highlighting, and improved group chat management. Additionally, WhatsApp is introducing other updates like a revamped web interface and AI features.
Infosys recruits 76% lesser college graduates in FY24
IT major Infosys hired 11,900 college graduates in FY24. This is against over 50,000 graduates hired a year ago, as per data from its annual reports.
PV Sindhu invests in biofortified staples brand Better Nutrition
PV Sindhu, Indian badminton player, has injected an undisclosed amount in Better Nutrition, a biofortified staples brand from Greenday that offers agri-input services such as biofortified seeds, fertilisers and agronomic practices.
BNPL startup Simpl undertakes another round of layoffs, rejigs senior leadership
Simpl, a Bengaluru-based consumer credit startup, laid off 30 employees after firing 160 executives. Senior executives Vatsal Jain, Ashwini Ravindranath, and Ramkumar Narayanan resigned. Earlier in April 2023, the BNPL startup let go 25% of its workforce or around 150 employees.