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Kerala-based agritech firm uFarms earns UK startup visa
Economic Times
·
1y ago
Medial
A Kerala-based agri-tech firm called uFarms.io has secured the UK Startup Visa, which is awarded to innovative startups that contribute to the UK economy. The company, incubated under the Kerala Startup Mission (KSUM), partnered with Uptown Urban Farms in Kerala to establish the state's largest fully-automated hydroponic farm. uFarms.io has received grants and awards for its groundbreaking solutions, including the Nidhi Prayas Grant and the EY Climathon Runner-up award. The company aims to bridge the gap between innovation and agriculture to promote sustainable farming.
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How Salam Kisan Is Pioneering The Indian Agritech Boom With Its Farming Drones
Inc42
·
1y ago
Medial
Mumbai-based agritech startup Salam Kisan offers drone-based soil testing, produce procurement, and marketplace services to farmers. With a user base of 58,000 farmers, the company primarily earns revenue from soil testing and drone services. Salam Kisan aims to secure external funding in the next financial year and is developing an in-house drone manufacturing unit to address operational challenges. The startup plans to introduce AI-powered multispectral and hyperspectral drones in the future and increase the representation of women in its farmer base through participation in the Drone Didi initiative. The agritech sector in India is expected to reach a $24 billion market opportunity by 2025.
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Visa processing startup Atlys acquires UK-based Artionis
Entrackr
·
5m ago
Medial
Snippets Visa processing startup Atlys acquires UK-based Artionis Visa processing platform Atlys has acquired the UK subsidiary of visa service company Artionis in an all-cash deal to expand overseas. Shashank Pathak 19 Feb 2025 10:20 IST Follow Us Visa processing platform Atlys has acquired the UK subsidiary of visa service company Artionis in an all-cash deal to expand overseas. With this acquisition, Artionis UK, which handles UK-to-Russia visas, will help improve Atlys’ European technology. According to Atlys, the deal will allow it to reduce visa paperwork and offer timely services to travelers in the UK, followed by plans to expand in similar European markets, including Germany and France. Artionis is an outsourcing partner for governments, operating in 25 countries with 400 employees in 65 offices. Atlys has acquired its UK branch, which has offices in London, Edinburgh, and Manchester. The four-year-old Atlys aims to make visa-related processes easier. Its tech, the company claims, can reduce visa rejection rates, and streamline processing times to as quick as 55 seconds. The platform covers more than 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa. Atlys has expanded its footprints in key global markets, including the US, UAE, and the UK. It has also bolstered its leadership across product, engineering, and marketing departments. Earlier in September 2024, Atlys had raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital.
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Agritech firm AgroStar in talks to raise $40-50 mn to expand private labels
Livemint
·
1y ago
Medial
Agritech startup AgroStar is reportedly in talks to raise $40-50 million from new and existing investors to expand its private-label business. The Pune-based firm last raised $70 million in Series D funding earlier this year. The company's private brands, spanning seeds to farm equipment, account for over 80% of its revenue. The move comes as agritech firms are increasingly focusing on their own brands to drive revenue and improve margins. However, the overall agritech sector in India has seen a slowdown in investments, with venture capital funding dropping 33% in 2022.
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Kerala-based energy tech startup to deploy 1,200 EV chargers across India
Economic Times
·
1y ago
Medial
Kerala-based energy tech startup, chargeMOD, is expanding its EV charger network by deploying 1,200 chargers across India and an additional 600 chargers in Kerala. The company plans to set up 1,000 slow chargers and 200 fast chargers in various Indian states, as well as 500 slow chargers and 100 fast chargers in Kerala. chargeMOD aims to introduce Ultra Fast Chargers with capacities ranging from 120 kW to 340 kW to enhance charging speeds and convenience. The startup has built an ecosystem of EV charging with hardware and software designed and manufactured in India.
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Peak XV, Elevation-backed Atlys flies into UK with Artionis acquisition
VCCircle
·
5m ago
Medial
Atlys, a digital visa services provider backed by Peak XV Partners and Elevation Capital, has entered the UK market through the acquisition of Artionis. This move includes onboarding Artionis’ staff and planning to double its UK headcount. The acquisition aims to streamline the visa processing experience. Founded in 2021, Atlys has processed over 2 million visas and raised substantial funding to expand its global travel services platform, targeting offerings like e-SIMs, forex, and travel insurance.
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UK firm drops out of Fourth Partner race as IFC consortium moves ahead
VCCircle
·
1y ago
Medial
A UK-based investment firm, managing a $1.5 billion climate fund, has decided not to invest in Indian renewable energy company Fourth Partner Energy. The firm, majority-owned by private equity firm TPG's impact investment vehicle The Rise Fund, was in talks with the UK firm. However, an IFC consortium is reportedly moving forward with the deal.
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Large PE firms in fray to bet on Kerala IT services firm QBurst
VCCircle
·
1y ago
Medial
Several prominent private equity firms are vying to invest in QBurst Technologies, an IT services firm based in Kerala. QBurst specializes in product development, consulting, cognitive solutions, and custom software development. The company is looking to secure funding through this investment to support its growth plans.
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Pure EV Aims To Become India’s Second Listed EV Manufacturer, Targets INR 3,000 Cr IPO Next Year
Inc42
·
11m ago
Medial
Pure EV, a Hyderabad-based startup, plans to achieve a turnover growth of 20 times over the next four years. The company is also preparing to introduce solid-state battery technology in fiscal year 2026, in collaboration with UK-based engineering firm PDSL. Pure EV currently holds a 7% market share in the electric vehicle sector at the regional transport office level.
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India-UK FTA deal: Oyo’s Ritesh Agarwal says Indian startups set for major uplift, job creation - The Economic Times
Economic Times
·
13d ago
Medial
The India-UK Free Trade Agreement, signed on July 24, aims to enhance bilateral trade by $34 billion annually. It eliminates duties on 99% of Indian exports to the UK, benefiting textiles, pharmaceuticals, and more. Oyo’s founder, Ritesh Agarwal, highlights the agreement's potential to significantly uplift Indian startups and foster job creation. The focus is on business reforms, visa access, and partnerships that could drive Indian entrepreneurial and technological advancement in the UK.
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Exclusive: Peak XV in talks to lead new round in visa startup Atlys
Entrackr
·
1y ago
Medial
Online visa application platform Atlys is in talks to raise a new round to the tune of $15-18 million, sources aware of the development told Entrackr. The Mumbai and San Francisco-based firm is raising its Series B round within a year of Series A fundraise. “Atlys has initiated talks with existing backer Peak XV and others to raise Series B round. The talks are early and may take a couple of months to materialize,” said a source who requested anonymity. In September last year, Atlys scooped up $12 million in a Series A round led by Elevation Capital and Peak XV Partners with participation from existing investors Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commons, Pinterest Founders and other investors. To date, it has raised over $17 million. “The round will be led by Peak XV and value Atlys anywhere at around $70 million or even more,” said another source. Launched in 2021, Atlys makes visa process visa-related processes easier in a quick time. It has built a tech which aims to reduce visa rejection rates. The platform covers more than 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa. As per sources, Atlys facilitates around 30,000 visa applications per month and India contributes more than 60% (20,000) visa applications. Earlier this year, the firm launched a new refund feature aimed at providing financial security to its users if their visa gets rejected. In a response to Entrackr’s queries, Atlys founder and CEO Mohak Nahta said, “We would like to clarify that we are currently not engaging in any fundraising activities, and reports or rumours indicating otherwise are inaccurate.” Queries sent to Peak XV did not elicit any response. Atlys competes with Gurugram-based Visa2Fly and Mumbai-based StampThePassport. While Visa2Fly raised $414K in its pre-seed round from ODX (On Deck), MarsShot VC (Razorpay Founders) and others in July 2022, StampThePassport raised $500K in September last year.
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