Articles

Fitness Startup Insane AI Raises $873,000 In Seed Round Led By pi Ventures

Opportunity India Desk Aug 04, 2021 - 3 min read

Insane AI, an artificial intelligence (AI)-powered fitness training app, announced on Wednesday to have closed $873,000 in Seed funding. Leading the round is pi Ventures, an early-stage venture capital fund that backs deep-tech startups, along with a clutch of angel investors including Anupam Mittal (People Group), Sameer Pitalwalla (Epic Games), Saumil Majumdar (SportzVillage), Karan Tanna (GhostKitchens), ...

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slice Raises INR 75.5 Cr Debt Funding From Northern Arc Capital, Niyogin Fintech Limited, Credit Saison India And Vivriti Capita

Opportunity India Desk Aug 04, 2021 - 2 min read

slice, a fintech startup and credit card challenger, on Thursday, announced that it has raised INR 75.5 crore in debt in Q1FY22 from multiple financial institutions like, Northern Arc Capital, Niyogin Fintech Limited, Credit Saison India, and Vivriti Capital to name a few. Launched in 2019, slice card observed an immediate product-market fit, becoming ...

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Xiaomi Led The Indian Smartphone Market In Q2 2021 With A 28% Shipment Share: Counterpoint Report

Opportunity India Desk Aug 04, 2021 - 2 min read

India’s smartphone shipments grew 82 per cent y-o-y to reach over 33 million units in Q2 2021, according to the latest research from Counterpoint’s Market Monitor service. “Smartphone shipments witnessed low volumes during April and May. However, the market saw a pent-up demand in June as restrictions were lifted and ...

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Weather Startup Skymet Weather Raises INR 12 Cr Debt Funding

Opportunity India Desk Aug 03, 2021 - 2 min read

Weather forecasting and agriculture risk solutions company Skymet announced on Wednesday to have raised INR 12 crore debt fund from Northern Arc and Caspian Impact Investments, venture debt investment fund. Skymet raised the funds to bolster its ground observation systems and accurate prediction of floods and cyclones in east India. Skymet provides weather data services to numerous media houses ...

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A wholesome deal: Restaurants target big with combo options

Opportunity India Desk Aug 03, 2021 - 6 min read

People have always loved their food paired with their favorite drink or combined with a side dish or order. And, the concept of combo meal is not new- a crispy fried burger paired with French fries and a can of pepsi, soup and sandwich or salad and soup along with a fried chicken have always ...

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Bengaluru prefers local small restaurants, Chennai prefers fine dining, report

Opportunity India Desk Aug 03, 2021 - 5 min read

40 per cent of respondents are preferring takeaway/home-delivery pre-COVID. Interestingly, nearly 50% diners admit that they are highly inclined to dine out once lockdown is eased, highlighting stay-at-home fatigue in Bengaluru. Whereas, Chennai had the highest percentage (80%) of respondents dining out at restaurants before COVID, 40% frequenting restaurants 3 times or more ...

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Gupshup Raises Additional $240 Mn Funding

Opportunity India Desk Aug 03, 2021 - 3 min read

Conversational messaging platform Gupshup on Wednesday announced it has raised an additional $240 million in follow-on funding from an industry-leading group of investors including Fidelity Management and Research Company LLC, Tiger Global, Think Investments, Malabar Investments, Harbor Spring Capital, certain accounts managed by Neuberger Berman Investment Advisers LLC, White Oak, Neeraj Arora, and others. This funding round follows the ...

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Streak Raises Seed Round Led By Inflection Point Ventures

Opportunity India Desk Aug 03, 2021 - 2 min read

Streak, an educational neo-bank for children, announced on Wednesday to have raised an undisclosed amount in a Seed Round led by angel investment platform Inflection Point Ventures. Funds raised will be utilized for marketing, customer acquisition, strengthening the team, and making further investments in technology, enabling them to effectively launch Streak and initiate the ...

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Locus Assigns $4 Mn For ESOP Buyback

Opportunity India Desk Jul 30, 2021 - 2 min read

Locus, a future-ready platform that automates supply chain decisions, on Tuesday announced that it has designated $4 million for its ESOP buyback. The buyback is at par with the primary of the Series C fundraise. Both current and former employees will be able to vest their stock options. This ...

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Make your online business ideas useful with these steps

Opportunity India Desk Jul 30, 2021 - 4 min read

This era is of technology and the time is of the internet. Everything is running very fast right now, so should your business. To run your business parallel with market trends, you must understand the trends. The Internet plays a very crucial role in gaining followers, customers and patrons. Those Businesses who understand the significance ...

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