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The total venture capital funding for the second week of July came in at $128 million cutting across 21 deals. In comparison, the previous week saw total funding of $257 million. 💰 Key transactions: 💸 Wealth management platform Dezerv raised Rs 265 crore ($32 million) from Premji Invest, Elevation Capital, Matrix Partners India (aka Z47) and Accel. 💸 GOAT Brand Labs raised $21 million from BlackRock, Mayfield Fund, NB Ventures, and others. 💸 Cancer-focused biotech startup Immuneel Therapeutics Pvt. Ltd. raised Rs 100 crore ($12 million approx.) from TAIBA Middle East FZ LLC. Read more at the link in our comments section 👇

Indian drone manufacturer ideaForge has allocated ESOPs worth about Rs 7.95 crore. The newly allotted shares will have the same rights and status as the existing equity shares of the company. Following the allotment, the company’s paid-up capital has increased to Rs 42,98,59,540 from Rs. 42,89,00,000. The announcement of ESOPs closely follows ideaForge’s acquisition of an undisclosed non-controlling stake in GalaxEye Space for Rs 8.28 crore. Founded in 2007 by Ankit Mehta, Rahul Singh, Vipul Joshi, and Ashish Bhat, ideaForge has the largest operational deployment of indigenous unmanned aerial vehicles across the country. Read more at the link in our comments section below 👇 by Ishan P. | #ESOP #Startups

In the year 2021, Dr A Velumani sold 66% of his company, Thyrocare Technologies Ltd., to PharmEasy at a whopping Rs 4546 crore. Dr. Velumani’s story is a testament to perseverance. Coming from a modest background, he worked tirelessly to fund his education, eventually earning a Ph.D. in Thyroid Biochemistry from Bhabha Atomic Research Centre (BARC). In 1996, with a vision to make healthcare affordable and accessible, Dr. Velumani founded Thyrocare. Starting with limited resources, he transformed it into a nationwide network known for quality and reliability. Thyrocare has revolutionised the diagnostic industry with its affordable pricing model, advanced technology, and extensive network of laboratories and collection centres across India. Under Dr. Velumani’s leadership, Thyrocare has received numerous accolades, including being one of the first Indian diagnostic labs to receive ISO 9001-2000 certification. Dr. Velumani’s innovative approach and commitment to excellence have set new benchmarks in the healthcare industry. His leadership style emphasises simplicity, transparency, and customer-centricity. #Leadership #Visionary From a single laboratory, Thyrocare has grown into a network of over 1,200 service centres across India and internationally, making diagnostic services accessible to millions. Dr. Velumani is also known for his philanthropic efforts, supporting education and healthcare initiatives to uplift underprivileged communities. A sought-after speaker, Dr. Velumani shares his insights on entrepreneurship, leadership, and the healthcare industry. 🚀 Meet Dr A Velumani along with many more of Tamil Nadu’s most inspiring founders and innovators at #TamilNaduStory2024 in Chennai! Register Now: https://lnkd.in/gE-v-JMP #TamilNadu #Chennai #TamilNaduEvents #TamilNaduStory2024 #TN #TamilNaduBusiness #TamilNaduEntrepreneurs #TamilNaduSuccessStories #TamilPride #TamilNaduGrowth #TamilNaduStartups #TamilNaduInspiration #TamilNaduAchievers #TamilNaduInnovation #VanakkamTamilNadu #IITMadras #AcademicLeader #GreenTech

Kovai.co is a powerhouse of enterprise software products, catering to a global audience with innovative solutions. Founded by the visionary Saravana Kumar in 2011, it has grown into a multi-product company. The organisation offers a wide range of business software products. From robust enterprise software for Microsoft BizTalk and Azure Serverless platforms to Knowledge Management SaaS As the Regional Head, Arunkumar Kumaresan’s leadership has been instrumental in Kovai.co’s regional expansion. His approach combines global best practices with local market insights, ensuring that Kovai.co’s solutions are both innovative and relevant to the GCC market. 🚀 Meet Arunkumar Kumaresan along with many more of Tamil Nadu’s most inspiring founders and innovators at #TamilNaduStory2024 in Chennai! Register Now: https://lnkd.in/gE-v-JMP #TamilNadu #Chennai #TamilNaduEvents #TamilNaduStory2024 #TN #TamilNaduBusiness #TamilNaduEntrepreneurs #TamilNaduSuccessStories #TamilPride #TamilNaduGrowth #TamilNaduStartups #TamilNaduInspiration #TamilNaduAchievers #TamilNaduInnovation #VanakkamTamilNadu #IITMadras #AcademicLeader #GreenTech

💡 Get a shot of inspiration served fresh with YourStory's #TheTechTonicShow! 🌟 In our 17th episode, we sit down with Water and Light Applications India CEO Madhusudan Rajagopalan. He talks about his first tryst with tech through coding in the ninth grade and recounts fond memories of the walkman and a cassette-driven Atari TV gaming console. The IIT Madras alum shares why he counts Bill Gates, Steve Jobs and Sony Co-founder Akio Morita among his tech heroes. 🎙️ Tune in to listen to his advice for budding techies and why he believes prospects in India are very bright in the tech and startup landscape. Full conversation - https://lnkd.in/g4nNjnH9 Ramarko Sengupta

Peak XV Partners's Surge is gearing up for its 10th cohort, launching this October in India. This rapid scale-up program for early-stage #companies is now accepting applications until August 15, 2024. The Surge program will conclude with a grand finale in the United States in October. The previous cohort (9th) was heavily focused on #AI and #deeptech, featuring startups in advanced manufacturing, quantum computing, climate tech, health tech, and more. 🌟🔬 #StartupSuccess #AIRevolution #TechInnovation #SeedFunding 🔗 Read more on the link in our comments section 👇

Blockchain-based fintech Partior has bagged over $60 million in a Series B funding round led by Peak XV Partners. 💰 New investors such as Valor Capital Group and Jump Trading Group and existing shareholders, including J.P. Morgan, Standard Chartered, and Temasek, also participated in the round. The funding will enable the Singapore-based firm to advance its new capabilities, such as intraday FX swaps, cross-currency repos, programmable enterprise liquidity management, and just-in-time multi-bank payments. It will also support international network growth and integration of additional currencies. Founded in 2021, the block-chain based company, which enables cross-border payments and settlements, emerged from Project Ubin—a collaboration between the Monetary Authority of Singapore and the financial services industry. The firm strives to tackle industry inefficiencies such as settlement delays, limited transaction transparency, and high operating costs, while facilitating liquidity movement for financial institutions and their customers. Read more at the link in our comments section 👇 by Ishan P. | #FundingWithYS #Funding Humphrey Valenbreder

🌏 Lakshmi Narayanan, Chancellor, Krea University is the co-founder of Cognizant. 💡 He is a tech veteran with over 40 years in the IT industry, with the last several years spent in a leadership and governance role at Cognizant’s board. 🎓 He plays an active role in the higher education space, finding new ways to promote technology literacy, data literacy, and people skills. 💼 He is the chancellor of Krea University, which follows a new paradigm of interwoven arts and science education and management education, thereby preparing leaders of the future. 🏥 Lakshmi Narayanan is also actively involved in nonprofits, such as CHILDS Trust Hospital, and foundations to advance the cause of disadvantaged people and creating meaningful livelihood opportunities in the areas of agriculture, skills development, and the IT industry. 🚀 He also supports young entrepreneurs through angel investments as part of The Chennai Angels and TiE. 🚀 Meet Lakshmi Narayanan along with many more of Tamil Nadu’s most inspiring founders and innovators at #TamilNaduStory2024 in Chennai! Register Now: https://lnkd.in/gE-v-JMP #TamilNadu #Chennai #TamilNaduEvents #TamilNaduStory2024 #TN #TamilNaduBusiness #TamilNaduEntrepreneurs #TamilNaduSuccessStories #TamilPride #TamilNaduGrowth #TamilNaduStartups #TamilNaduInspiration #TamilNaduAchievers #TamilNaduInnovation #VanakkamTamilNadu #IITMadras #AcademicLeader #AshokJhunjhunwala #GreenTech

💰The global superfoods market size was valued at US$ 167 billion in 2022 and is expected to hit around US$ 263.08 billion by 2032. 🌿 Discovering a gap in global The global superfoods market size was valued at US$ 167 billion in 2022 and is expected to hit around US$ 263.08 billion by 2032, Kiru Maikkapillai set out to bring Indian superfoods to the forefront with his D2C brand, The Divine Foods. 🌾 Determined to showcase India's culinary heritage, he started with the golden goodness of turmeric, renowned for its health benefits. But their offerings didn't stop there; soon, they expanded to include moringa, millets, and much more! 🚜 By partnering directly with farmers, Divine Foods ensures that every product reaches consumers with unparalleled freshness and purity. 🚀 With support from investors like Nayanthara and Vignesh Shivan, Divine Foods is on a mission to revolutionise the health food market. Meet Kiru Maikkapillai along with many more of Tamil Nadu’s most inspiring founders and innovators at #TamilNaduStory2024 in Chennai! Register Now: https://lnkd.in/gE-v-JMP #TamilNadu #Chennai #TamilNaduEvents #TamilNaduStory2024 #TN #TamilNaduBusiness #TamilNaduEntrepreneurs #TamilNaduSuccessStories #TamilPride #TamilNaduGrowth #TamilNaduStartups #TamilNaduInspiration #TamilNaduAchievers #TamilNaduInnovation #VanakkamTamilNadu #IITMadras #AcademicLeader #AshokJhunjhunwala #GreenTech

🌟 How are strategic partnerships and innovative solutions nurturing growth amidst challenges? What are the pathways to a resilient small business sector? Get answers to these questions and more, right from the frontlines of India's economic engine. Read about the key takeaways from our candid interview with Manish Shah, MD & CEO at Godrej Capital, to gain exclusive insights into the pivotal role of MSMEs. [In partnership with Godrej Capital Nirmaan]