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Startup news and updates: Daily roundup (February 22, 2024)

YourStory presents daily news roundups from the Indian startup ecosystem and beyond. Here's the roundup for Thursday, February 22, 2024.

Startup news and updates: Daily roundup (February 22, 2024)

Thursday February 22, 2024 , 3 min Read

Funding news

Agri-produce startup Indic Wisdom raises Rs 4 Cr in pre-Series A round

Agri-produce startup Indic Wisdom has raised Rs 4 crore in a pre-Series A funding round led by Inflection Point Ventures. Mahendra Sankhe, Launch Capital, Bifco Finance, and other high-networth individuals also participated in the round.

The company plans to use the funds to enhance the brand’s visibility, expand its distribution network, and build production capacity towards increasing its market presence and operational efficiency.

Other news

Instagram extends creator marketplace to 8 new markets including India

Meta-owned Instagram would be extending its creator marketplace to eight new markets, including India.

"Today, we’re excited to take another step forward and announce the planned expansion of Instagram’s creator marketplace to eight new markets. Over the next few weeks, we plan to invite creators and brands based in Canada, Australia, New Zealand, the UK, Japan, India, and Brazil to join Instagram’s creator marketplace," the company said in a statement.

Bounce Infinity announces Rs 24,000 price cut on its electric scooters

Electric mobility firm Bounce is slashing the price of its scooter Infinity. Effective immediately, the Bounce Infinity E-Scooters will be available at a new, reduced price of Rs 89,999 ex-showroom, offering customers a substantial saving of Rs 24,000 from the original ex-showroom price of Rs 1,13,000, the company said in a statement.

ace turtle launches Dockers store in India

Retail technology firm Ace Turtle has launched the lifestyle apparel brand Dockers in India with the opening of the first retail store in Delhi before the launch of a dedicated ecommerce website by early next week to enable online shopping across India.

Dockers sells khaki offering a wide range of apparel for men and women.

Ranveer Singh appointed Nothing's new brand ambassador

London-based tech brand Nothing has made Bollywood actor Ranveer Singh its new brand ambassador. He will be the face of Nothing smartphones and will be seen in the brand’s upcoming campaigns. The actor will feature in digital, print, and TVC campaigns for Nothing phones, the company said in a statement.

ArcelorMittal selects finalists under its accelerator programme

Steel company ArcelorMittal has selected three startups as finalists under its accelerator programme in collaboration with IIT Madras. The finalists were also invited for a two-day site visit to AM/NS India’s steelmaking facility in Hazira, Gujarat, following which they presented their respective technologies to management from both ArcelorMittal and AM/NS India, the company said in a statement.

The selected companies were AgroMorph Technosolutions Private Limited, Susstains Engineering Solutions LLP, and UrjanovaC Private Limited.

ChargeUp partners with Credit Fair and Ascend Capital to change EV financing in India

Driver-focused EV startup Chargeup has entered into strategic partnerships with Credit Fair and Ascend Capital, major non-banking financial corporations (NBFCs).

Through these partnerships, ChargeUp is working towards bridging the gap between energy and vehicle financing for drivers, enabling them to get easy access to credit in underserved Tier II and III cities. The company aims to facilitate Rs 100 crore as quick and secured loans in FY25.

Meta releases text formatting on WhatsApp

Meta has revealed four new methods through which texts can be formatted on its messaging service WhatsApp. This includes bulleted lists, numbered lists, block quotes, and inline code. These features will be in addition to bold, italic, strikethrough, and monospace.

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

Edited by Swetha Kannan