Startup news and updates: Daily roundup (Aug 14, 2024)

Funding

Six Sense Mobility raised Rs 6 Cr in a seed round Piper Serica VC

Six Sense Mobility, a Delhi-based deep-tech startup, has raised Rs 6 crore in a seed round from Piper Serica VC, following an earlier investment from Saurabh Nayyar of Docbel Group.

The funds will be used to expand the team, increase production capacity, and advance R&D. The company is also 5G-ready, aligning with India’s push towards intelligent transportation solutions.

Founded by Sumit Roy, Kapil Rao, and Narendra Kumar Verma, the company focuses on smart mobility technologies, including vehicle safety, security, and maintenance systems.

Other

Swiggy launches In-App UPI payment

Foodtech platform Swiggy has launched Swiggy UPI, a new in-app payment feature powered by Juspay's HyperUPI Plugin.

Customers can complete their one-time setup process to link their bank accounts by going to the app’s payment page and selecting Swiggy UPI. Post this setup, for every transaction, they will only need to enter this UPI PIN, ensuring quicker transactions.

This integration with the National Payments Corporation of India’s (NPCI) UPI Plug-in solution streamlines the payment process, allowing users to complete transactions within the Swiggy app without redirecting to third-party UPI apps.

The new feature reduces the transaction process from five steps to just one, cutting transaction time from over 15 seconds to just 5 seconds.

Elevation Cap hosts 'GameOn UEFN Hackathon' to promote building on alt-gaming platforms

Elevation Capita recently hosted the 'GameOn UEFN Hackathon,' an event game developers participated to create experiences using Unreal Editor for Fortnite (UEFN).

Supported by Grand Theft Auto V publisher Epic Games, the hackathon aimed to support alternative distribution platforms like Fortnite, Roblox, and Minecraft.

These platforms are gaining traction as they allow developers to bypass traditional app stores like Google Play and the Apple App Store, offering better economics and creative freedom.

The hackathon, judged by industry experts, awarded Rs 7.5 lakh in prizes, with Gamers roof Technologies securing first place.