wayr today India

Category: Startup

  • Bounce Secures $5M Funding to Expand Electric Scooter and Fleet Rental Services

    This article was generated by AI and cites original sources.

    Bounce, a prominent scooter-sharing startup in India, has recently secured $5 million in funding from its existing investors. The Bengaluru-based company, which previously focused on scooter-sharing services, has strategically shifted its focus towards electric scooters and fleet rentals for gig workers as part of its post-pandemic revival strategy.

    This funding injection comes at a crucial time for Bounce as it aims to capitalize on the growing demand for electric mobility solutions. By pivoting towards electric scooters and catering to the needs of gig workers through fleet rental services, Bounce is positioning itself to carve out a niche in the evolving mobility market.

    With the financial backing from its loyal investors, Bounce plans to leverage these funds to strengthen its electric scooter offerings and expand its fleet rental operations, thereby enhancing its market presence and competitiveness in the mobility sector.

    Source: YourStory RSS Feed

  • Home Services Platform Pronto Secures $25M in Series B Funding to Enhance Technology

    This article was generated by AI and cites original sources.

    Pronto, a home services platform, has successfully raised $25 million in Series B funding, as reported by YourStory RSS Feed. The investment will be used to bolster the company’s technological infrastructure, focusing on enhancing its platform’s capabilities and user experience.

    The funding round aims to support Pronto in expanding its operations within current markets and service categories over the next 12 to 18 months. By investing in advanced technology, Pronto seeks to streamline its service offerings, improve operational efficiency, and deliver enhanced customer satisfaction.

    With the new capital injection, Pronto plans to scale up its technological innovations, potentially introducing AI-driven solutions for better service matching, automated scheduling, and customer support. This strategic move underscores the company’s commitment to leveraging cutting-edge technology to improve the home services sector.

    Source: YourStory RSS Feed

  • Pronto Secures $25 Million in Series B Funding for Expansion of On-Demand Home Services

    This article was generated by AI and cites original sources.

    Home services startup Pronto has secured $25 million in its Series B funding round led by Epiq Capital. This investment round also saw continued support from existing investors Glade Brook Capital, General Catalyst, and Bain Capital Ventures.

    The latest funding follows a $11 million Series A round raised by Pronto just six months ago. The newly acquired capital will be used to enhance operations, including hiring and training more professionals, and expanding services across its current markets over the next 12 to 18 months.

    Established in 2025 by Anjali Sardana, Pronto specializes in offering 10-minute on-demand home services, connecting urban households with verified domestic workers. Services range from basic chores like sweeping, mopping, and laundry assistance to kitchen and bathroom cleaning, accessible through instant, scheduled, or recurring bookings.

    Operating primarily in Delhi NCR, Bengaluru, and Mumbai, Pronto has experienced significant growth, with daily bookings increasing from 1,000 to over 18,000 in just seven months. The startup collaborates with nearly 3,000 professionals and maintains a core team of around 60 employees. Pronto recently relocated its headquarters to Bengaluru, while retaining customer support functions in Gurugram.

    Competing in the instant home services sector against platforms like Snabbit and Urban Company’s Insta Help, Pronto’s latest funding positions it for market expansion and service enhancement.

    Source: Entrackr : Latest Posts

  • Artium Academy Secures Significant Funding to Expand Online Music Learning Platform

    This article was generated by AI and cites original sources.

    Artium Academy, an online music learning platform, is set to raise Rs 19.2 crore (approximately $2.13 million) in its Series A round. The investment will be led by Jejurikar Longevity Trust, with participation from Savitha Ramesh and existing investor Chiratae Ventures. The funding will be used for business expansion, growth initiatives, and general corporate purposes, as confirmed by the company’s filing with the Registrar of Companies (RoC).

    Founded in 2020 by Ashish Joshi, Vivek Raicha, and Nithya Sudhir, Artium Academy offers personalized 1:1 live music classes in vocal and instrumental categories. The platform leverages technology to provide structured music education to its users.

    With this latest funding, Artium Academy’s valuation is projected to surge over 4 times to approximately Rs 375 crore (about $41.2 million) from its previous valuation of Rs 90 crore during its earlier funding round in 2022. The allocation of shares will result in Jejurikar Longevity Trust holding 2.65%, Savitha Ramesh 6.75%, Chiratae Ventures 18.28%, and the company’s co-founders retaining a collective 39.48% stake.

    In the fiscal year 2025, the company reported a notable increase in operating revenue to Rs 27.77 crore from Rs 18.96 crore in the previous year. However, the net loss also saw a rise of 13.8% to Rs 21.55 crore compared to Rs 18.94 crore in the prior period.

    Source: Entrackr : Latest Posts

  • Home Services Startup Pronto Secures $25 Million to Expand Tech-Driven Operations

    This article was generated by AI and cites original sources.

    Home services startup Pronto has secured $25 million in its Series B funding round, with Epiq Capital leading the investment to support the company’s technology-driven operations.

    Founded in 2025, Pronto connects urban households with verified domestic workers through its app, facilitating quick and reliable home services. The startup has witnessed a significant surge in daily bookings, growing from 1,000 to over 18,000 in just seven months.

    With a focus on expanding its presence in cities like Delhi NCR, Bengaluru, and Mumbai, Pronto plans to utilize the fresh capital to grow its workforce, enhance service quality, and diversify its offerings over the next 18 months.

    Pronto’s model ensures fixed shifts, predictable pay, and reliable support for workers, offering households a seamless booking experience for services ranging from sweeping and mopping to laundry assistance. The startup’s strategic relocation of its headquarters to Bengaluru’s tech hub highlights its commitment to leveraging technological advancements and tapping into local talent pools for sustainable growth.

    Source: Inc42 Media

  • Deepinder Goyal’s New Startup Temple Secures $54 Million in Funding

    This article was generated by AI and cites original sources.

    Deepinder Goyal, the former CEO of Zomato, has launched a new startup called Temple, which recently secured $54 million in its initial funding round. The investment was led by Goyal and included contributions from friends, family, and early Zomato supporters, placing Temple at a post-money valuation of about $190 million.

    The funding round involved the issuance of 234,799 TCCPS shares at Rs 21,000 each, aiming to raise approximately Rs 493 crore. Notable investors besides Goyal are Steadview Capital, Dharana Fund, Peak XV Partners, and Aaroh Fund.

    Interestingly, over 30 Temple employees also participated in the funding, investing at the same valuation as external backers. Goyal emphasized that Temple operates separately from Zomato’s core businesses and is currently in stealth mode.

    Goyal’s recent moves, including stepping down as Zomato’s Group CEO and acquiring Sharang Shakti through LAT Aerospace, indicate a shift in his entrepreneurial focus. Temple’s entry into the startup scene adds another venture to Goyal’s portfolio.

    Source: Entrackr : Latest Posts

  • Groww Unveils AI-Powered Investing Tools to Enhance User Experience

    This article was generated by AI and cites original sources.

    Wealth tech startup Groww recently held its product showcase event, Groww Next 2026, in Bengaluru, where it introduced advanced AI-powered investing tools designed to enhance the investment experience for users. The company’s focus on responsible intelligence for investors was evident throughout the event, with the unveiling of innovative features and services.

    One of the key highlights was the introduction of GR 1, an AI investing assistant that functions as a research analyst, leveraging AI to analyze markets, track news sentiment, and provide personalized insights based on an investor’s portfolio. This tool, currently in beta, emphasizes responsible AI deployment with multiple safeguards such as consent layers and execution controls.

    Additionally, Groww expanded its Groww Prime service, offering users deeper insights into mutual fund investments and personalized guidance. With features like advanced portfolio health checks and SIP monitoring tools, Groww Prime aims to empower users with informed decision-making capabilities.

    Moreover, Groww is democratizing access to the secondary bond market, enabling retail investors to trade bonds akin to equities. The platform provides curated bond listings supported by risk evaluation frameworks, enhancing transparency and risk assessment for users.

    The startup also introduced tools like high-frequency trading mode and a specialized physical keyboard for quick trading, along with behavioral safeguards in its F and O segment to prevent impulsive trading behavior. These enhancements align with Groww’s commitment to responsible trading practices and platform stability.

    Furthermore, Groww’s efforts to digitize family wealth management underscore its commitment to streamlining traditional offline investment segments. The company’s financial performance and market debut success reflect its strong position in the wealth tech sector.

    Source: Entrackr : Latest Posts

  • Nester Appoints Former Honasa Exec as Cofounder to Boost Home Appliance D2C Startup

    This article was generated by AI and cites original sources.

    Home appliance direct-to-consumer (D2C) startup Nester has appointed Kunwarjeet Grover, former vice president of growth at Wellbeing Nutrition, as its cofounder and chief business officer. This decision follows Nester’s successful Pre-Series A funding round, raising ₹19 Cr (around $2 Mn) with support from Fireside Ventures and OTP Ventures.

    Grover’s experience spans over 15 years in the consumer industry, with roles in companies like Himalaya Herbal Healthcare, CavinKare, Philips Lighting, and Havells India. His previous tenure as senior vice president at Honasa, where he managed the online marketplace, showcases his expertise in scaling consumer brands.

    Founded in 2025, Nester specializes in selling homeware appliances such as air fryers, toasters, and juicers across India. Competing with brands like Nuuk, Atomberg, Geek Technology, and Wonderchef, Nester plans to expand its distribution channels to quick commerce platforms and offline retail outlets.

    While currently relying on contract manufacturing, Nester aims to establish its own production facility in the near future. Abhinav Singh, Nester’s founder and chief executive, expressed confidence in Grover’s appointment, highlighting his track record in building digital-first brands, which aligns with Nester’s growth objectives.

    Source: Inc42 Media

  • SEDEMAC Raises ₹325.89 Cr from Anchor Investors Ahead of IPO

    This article was generated by AI and cites original sources.

    SEDEMAC Mechatronics, a deeptech company, has raised ₹325.89 Cr from anchor investors, including HDFC Mutual Fund, Abu Dhabi Investment Authority, and Goldman Sachs, ahead of its upcoming IPO. The company allocated 24.10 Lakh equity shares to these anchor investors at ₹1,352 per share, which represents the upper end of its IPO price band ranging from ₹1,287 to ₹1,352.

    Notably, 68.09% of the anchor allocation, equivalent to 16.41 Lakh shares, was assigned to 10 domestic mutual funds across 14 schemes, such as HDFC Mutual Fund, SBI Mutual Fund, and ICICI Prudential Mutual Fund.

    SEDEMAC’s IPO, valued at about ₹5,970 Cr (approximately $652 Mn) at the top end of the price band, consists entirely of an offer for sale (OFS) of up to 80.43 Lakh shares, with a total IPO size of ₹1,087 Cr. The company is set to debut on the exchanges on March 11, following SEBI’s approval for its IPO last month. Selling shareholders in the OFS include cofounders Manish Sharma and Ashwini Amit Dixit, as well as NRJN Family Trust and Xponentia Capital.

    Source: Inc42 Media

  • Ola Electric’s Market Share Decline and AWS Operations Disruption in the Middle East

    This article was generated by AI and cites original sources.

    Ola Electric, a prominent player in the electric two-wheeler market, faced a setback as it dropped out of the top five in market share for February. According to Tech-Economic Times, TVS Motor Company leads the market with a 29.4% share, followed by Bajaj Auto at 23.5%. Ather Energy and Hero MotoCorp also made significant sales in February.

    In a separate development, Amazon Web Services (AWS) operations in the Middle East experienced disruptions due to the Iran-Israel conflict. This led to precautionary measures by companies like TCS and Infosys, which restricted travel to the region to ensure operational stability. Nasscom, the industry association, also emphasized the importance of safety protocols amidst regional tensions.

    On a positive note, EV startup Bounce secured $5 million in funding from investors like Accel, B Capital, and Qualcomm. This capital injection aims to support fleet expansion efforts, crucial for the startup’s growth trajectory.

    As the tech industry navigates geopolitical challenges and market dynamics, companies must adapt swiftly to maintain operational resilience and growth.

    Source: Tech-Economic Times