Startup news and updates: Daily roundup (February 13, 2024)
YourStory presents daily news roundups from the Indian startup ecosystem and beyond. Here's the roundup for Tuesday, February 13, 2024.
Funding
Happi Planet raises Rs 8.47 Cr from Fireside Ventures
Plant-based home care products startup has raised Rs 8.47 crore from Fireside Ventures. Funds from this round will be used to scale its offline presence, and scale the category through consumer education, it said in a statement. The firm is also backed by 100X.VC.
Explurger raises $4.5M in a Series A round led by Affle
Social media platform Explurger has raised $4.5 million in a series A round led by Affle. With this, the latter will now hold a 9.03% stake in the platform. Launched in 2021, Explurger has more than 8.5 million users globally, the company said in a statement.
Dev Milk Foods raises Series A funding from Fireside Ventures, Pi Ventures
Dairy foods startup Dev Milk Foods, which operates under the brand name , has secured funding from Fireside Ventures Pi Ventures LLP (Narotam Sekhsaria Family Office) and other angel investors.
The funds will be used to boost the startup's retail presence, expand to other north Indian cities via various retail channels, strengthen production and distribution, and increase the product offering.
Medical devices startup Noccarc raises $2M from IAN and others
Medical devices startup has raised $2 million in a funding round led by Indian Angel Network. Institutional investors including IIT Kanpur, Small Industries Development Bank of India, and Technology Development Board also participated in the round.
The funds will be used to accelerate the company's growth and expand its product portfolio, the company said in a statement.
Other news
Pulse Energy partners with Charge Zone, other players to make charging accessible
EV charger aggregator Pulse Energy said it would be partnering with Charge Zone and 20 other players to bring about a unified charging experience for electric vehicle owners. Fleet operators can now partner with Pulse Energy directly to get access to affordable and accessible charging options across 20+ charging networks irrespective of where they are operating in India.
Individual EV users can download any one of Pulse Energy’s applications to access the entire network, including the InstaCharge app where users can start and stop more than 2000+ fast chargers, the company said in a statement.
Meesho says it's committed to user safety, to counteract fraud activities with legal cases
Ecommerce firm has lodged FIRs against perpetrators of a fraud wherein the company's name was used to dupe innocent users.
"These perpetrators went to great lengths, issuing forged lottery letters with enticing offers, including free cars, to deceive unsuspecting victims of their hard-earned money," Meesho said in a statement, adding that it is undertaking an on-ground investigation for the same.
Following an investigation in Ranchi, Jharkhand, the state police identified and apprehended three individuals, including a bank official and a developer. Further investigation is ongoing, the statement read.
CoinDCX signs MOU with Koinex
Indian cryptocurrency exchange has entered into a memorandum of understanding with Koinex, which permanently disabled all digital assets trading services in 2019.
CoinDCX will work closely with Koinex's existing users to ensure a seamless transition to the CoinDCX platform. For customers who already have a CoinDCX account with the same KYC (know your customer), the transition will be automatic. Other Koinex users will be required to go through CoinDCX's established KYC and onboarding to get access to their assets.
Mufin Green Finance plans to acquire LKP Finance Ltd
EV financing non-banking financial company (NBFC) has laid out a proposal to acquire BSE-listed NBFC LKP Finance Limited. This is likely to bring in about Rs 340 crore to Mufin Green Finance, the company said in a statement.
(This copy will be updated with the latest news throughout the day.)
Edited by Swetha Kannan
