News Post

Startup news and updates: Daily roundup (June 21, 2024)

YourStory · 4m

VOC Automotive has raised INR 1.5 crore in funding from Corporate Warranty India. The two-wheeler service industry provider plans to expand its services and make them more accessible across India. Battery Smart, a network of EV battery swapping stations, recently facilitated an exit for FAAD Network, giving investors a roughly 370% internal rate of return. Eume, a premium functional luggage brand, raised INR 15 crore in a pre-Series A funding round led by Ashish Kacholia. Fanisko secured an investment from Karna D. Shinde, which will help the digital product and solutions firm expand its offerings in augmented reality, virtual reality, and generative AI. Metis Intellisystems raised INR 1.3 crore led by Inflection Point Ventures to further develop their AI and ML-based fintech solutions. Ishpreet Singh Gandhi, Founder and Managing Partner of Stride Ventures, spoke at the Future Investment Initiative summit in Brazil on the importance of global expansion for startups. Otipy, an agri-tech startup, released an index analyzing fruit and vegetable price trends, providing insights on market dynamics and fluctuations in supply and demand. Target plans to roll out their generative AI-powered chatbot, Store Companion, to all of their almost 2,000 stores by August. AET Displays plans to double its workforce in India by the end of 2025.