Startup news and updates: daily roundup (November 2, 2022)

By Amisha Agarwal
November 02, 2022, Updated on : Wed Nov 02 2022 13:30:00 GMT+0000
Startup news and updates: daily roundup (November 2, 2022)
YourStory presents daily news roundups from the Indian startup ecosystem and beyond. Here's the roundup for Wednesday, November 2, 2022.
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Garuda Aerospace signs MOU with IISc

Drone manufacturer Garuda Aerospace has signed an MoU with the Indian Institute of Science (IISc) to provide collaborative services by using drones and UAVs in multipurpose operations.


The Department of Aerospace Engineering (DoAE) will be supporting them in future operations with the MOU being signed for a term of two years.


The MoU will build cooperation between the parties for surveillance applications using drones and UAVs for geography fieldwork surveys. Collaborative operational and research projects in these areas may be taken up by Garuda Aerospace, DoAE and IISc, the company said.

The company will also focus on providing aerial imaging, agricultural drones and related field services.

Bizongo appoints Tushar Kamat as Chief Business Officer

Supply chain automation platform Bizongo has appointed former Tushar Kamat as Chief Business Officer. In his new role, Tushar will be responsible for business strategies, partnerships, marketing, monetization, growth and global expansion at Bizongo.


Tushar has previously held leadership positions like Managing Director of Accenture and CEO of Airtel Business. His most recent role was as Field Operating Unit Head for India Business at Automation Anywhere. 


"Tushar joins us at a very exciting juncture in our growth journey. We are confident that his strategic outlook and growth mindset will help us achieve profitable business growth and create value for our customers & vendors. His ability to deliver large-scale impact will enable us to scale our vision faster and digitally transform vendor management and the entire supply chain for MSMEs,” said Aniket Deb, Chief Operating Officer, Bizongo.

Cashfree Payments onboards grocery delivery app Zepto

Payments and API banking solutions company Cashfree Payments has onboarded grocery delivery app Zepto to offer its payment gateway to its users. 


“As a payment platform, our focus is on providing the best checkout experience to customers and the highest transaction success rates for our partner businesses at affordable pricing. It gives us immense pleasure that our effective solutions are enabling efficient payment experiences for millions of Zepto customers and are contributing to the growth journey of distinctive businesses like Zepto,” said Reeju Datta, Co-founder, Cashfree Payments. 

Chqbook partners with NSDL Payments Bank

Neobank Chqbook has launched a digital current account in partnership with NSDL Payments Bank.


The Chqbook app allows small business owners like kiranas, chemists, and others running proprietorships to open a current account from their smartphone. It is available in eight languages.


The current account facility on the Chqbook app digitises the entire process of account opening. The digital current account offers features including downloading account statements to reconcile transactions, adding and managing beneficiaries, providing transaction history, ensuring easy fund transfers, and enhanced biometric security.

CISCO and Villgro launch accelerator programme ‘TVARAN’

Villgro and CISCO India Cash Grant Programme have jointly announced the launch of TVARAN, an initiative that will support the growth of India's women-led social enterprises in climate action.


The six-month targeted acceleration is designed to finance and implement the go-to-market strategies of women entrepreneurs.


Through the acceleration programme, Villgro and CISCO will deploy support mechanisms in the form of financial support of Rs 1 crore (up to Rs 20 lakh per startup), as well as support the capacity building, business planning, mentorship and peer learning focused towards the implementation of go-to-market strategies.


(This article will be updated with the latest news throughout the day.)


Edited by Kanishk Singh

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