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Startup news and updates: Daily roundup (October 22, 2024)

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Startup news and updates: Daily roundup (October 22, 2024)

Alternative credit platform BlackSoil has invested over ₹230 crore ($29 million) across 11 portfolio companies in Q2FY25. The investments cover various sectors such as financial institutions, healthcare, logistics, and consumer businesses. BlackSoil's Assets Under Management (AUM) grew by approximately 25% year-on-year, with steady investment activity. The company also exited 11 investments during the quarter. In other news, Bizom has acquired Rhythm 2.0 Sales Route Optimiser, enhancing its route-to-market solutions. ideaForge Technology has launched FLYGHT Franchise, India's first app-based Drone as a Service (DaaS) model, offering comprehensive operational support and marketing assistance to businesses.

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