Startup news and updates: daily news roundup (March 4, 2024)
YourStory presents the daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Monday, March 4, 2024.
Funding news
Dubpro.ai raises $500,000 from Venture Catalysts, 9Unicorns, others
AI dubbing solutions provider has raised $500,000 in a seed funding round led by Venture Catalysts, 9 Unicorns and others.
"We are extremely excited to work with leading investors and a passionate team to build generative AI capabilities in Indic languages that could unlock a great potential for video content being available across all vernacular languages from Education to Entertainment content," said Ishan Sharma, Founder and CEO of dubpro.ai.
Cardiotrack raises $2M in a pre-Series A funding round
Healthtech firm has raised $2 million in a pre-Series A funding round led by angel investor Girish Narasimhan.
"We strongly believe the venture will rightfully cement its place among start-ups that are reshaping the future of healthcare," said Narasimhan in a statement.
Azimuth AI raises funds led by AUM Ventures
Custom silicon products startup Azimuth AI raised undisclosed seed funding from AUM Ventures, an Abu Dhabi Global Market (ADGM) based India-focused VC fund.
The startup will use the funds raised towards the development of its first System on Chip (SoC) or a leading global Original Equipment Manufacturer (OEM) building solutions for smart city applications, the company said in a statement.
Other news
Srikanth Subramaniam, Shobhit Mathur, Dharmendra Jain join Angel One leadership
Fintech firm Angel One has joined hands with Srikanth Subramaniam, Co-founder and CEO of Wealth Limited. He previously worked at Kotak Cherry, the digital wealth management arm run by Kotak Mahindra Bank.
Shobhit Mathur and Dharmendra Jain have also joined the firm as co-founders. Mathur will lead wealth tech and customer excellence while Jain will oversee investment solutions and products.
The new business leaders will collaborate with Angel One in tapping opportunities in the wealth management space, catering to emerging HNIs and ultra HNIs
Appreciate launches new investing platform
Fintech firm Appreciate has collaborated with Yes Securities, , and Drive Wealth to offer savings products for Indians regardless of their income. Through Appreciate's app, willing investors can invest in global stocks or a fraction of the most valuable stock for as low as Rs 1, the company said in a statement.
NODWIN Gaming partners with JSW Sports to promote eSports
Nazara-owned said it would partner with JSW Sports to promote eSports in India. The two entities will look to launch fresh intellectual properties (IPs) focused on eSports.
"Our shared goal is not only to empower the esports ecosystem but also to establish new benchmarks for the future," said Akshay Rathee, Co-founder and Managing Director of NODWIN Gaming, in a statement.
Monet.work appoints Abhay Tandon as Chief Business Officer
Web3 startup has appointed Abhay Tandon as its Chief Business Officer. He will play a role in developing the firm's interoperable loyalty system, the company said in a statement.
Prior to his appointment, Tandon has worked with Fortune 100 companies.
Edited by Suman Singh
