Data intelligence platform e6data raised $10 million in a Series A round led by Accel. The funds will fuel R&D, client acquisition, and hiring. Founded in 2021, e6data’s compute engine optimizes data infrastructures without downtime, offering seamless adoption for enterprise customers through a managed service model.
Schmooze, a meme-focused dating app, raised $4 million in Series A funding led by Elevation Capital. The platform uses AI and meme interactions to match users based on humor and personality, attracting over 1 million users. Funds will boost user acquisition and enhance its AI-powered dating experience.
San Francisco-based Forge, a platform for community-driven game marketing, secured funding from investors including Ava Labs and Sui Foundation. Launched in 2023, Forge offers no-code tools for game developers to build loyalty programs. With over 1 million users and 60+ game partnerships, Forge continues to expand.
Hyperlocal news platform Way2News secured $14 million in Series B funding led by WestBridge Capital. The funds will fuel expansion, technology upgrades, and scaling operations in South India. With 6.5 million daily users, Way2News delivers localized news in regional languages and competes with platforms like InShorts and Dailyhunt.
Veefin acquired a 26% stake in EpikIndifi, valuing it at Rs 125 crore. The acquisition strengthens Veefin’s digital lending portfolio, adding personal loans, BNPL schemes, and more. Veefin plans to invest Rs 25 crore in EpikIndifi, aiming for complete acquisition. EpikIndifi’s co-founders will join Veefin.
PhonePe has captured over 50% of UPI transaction value and 48.36% of volume as of August 2024, according to NPCI. With 7.23 billion transactions worth ₹10.33 lakh crore, PhonePe leads competitors Google Pay (37.3% by volume) and Paytm (7.21% by volume) in India’s payments landscape.
PhonePe has captured over 50% of UPI transaction value and 48.36% of volume as of August 2024, according to NPCI. With 7.23 billion transactions worth ₹10.33 lakh crore, PhonePe leads competitors Google Pay (37.3% by volume) and Paytm (7.21% by volume) in India’s payments landscape.
Ola Electric is expected to reach EBITDA breakeven by FY27, with a projected fivefold vehicle volume increase and 40% revenue growth. Despite modest FY24 revenue, the company controlled losses and gained market share. Goldman Sachs issued a “buy” rating, expecting a 50% share price upside.
Kaatil, an Indian-chilli-focused hot condiment brand, has secured seed funding led by Prajay Advisors. The brand, recognized with the Great Taste Award 2024, will use the funds to expand its product lines globally through e-commerce, retail, and B2B channels. Kaatil products are available in India, the USA, Canada, and New Zealand.
Amazon Web Services (AWS) has chosen seven Indian startups—Convrse, House of Models, Neural Garage, Orbo.ai, Phot.ai, Unscript AI, and Zocket—for its global generative AI accelerator. These startups will receive up to $1 million in AWS credits to develop and scale their AI solutions, leveraging AWS tools like SageMaker and Bedrock.
