Startup news and updates: Daily Roundup (March 14, 2024)

Funding news

TapFin raises $4M in a funding round led by Elevar Equity

Sustainability platform TapFin said it raised $4 million in a funding round led by Elevar Equity. The funds from this round will be used to accelerate TapFin's goal to become India’s leading sustainability platform, starting with clean mobility and expanding into other verticals of sustainability like solar and other renewable energy technologies, the company said in a statement.

Other news

Residential real-estate company Neoliv bags Rs 300 Cr in maiden fundraise

Residential real-estate company Neoliv said it raised Rs 300 crore in its maiden fundraise. Family offices and UNHWI's participated in the round. The funds shall be utilised to develop high-quality, middle-income residential properties in Delhi-NCR, Mumbai MMR, and plotted opportunities in Tier II cities.

SIDBI reveals programme to empower women

Small Industries Development Bank of India (SIDBI) announced developmental support to empower women in the form of blended finance funds such that credit access by rural women aspirants is eased.

The programme, Empowering Women and Enhancing their Business through E-Mobility (EWEE), will support inspirational and aspirational SEWA sisters initially in the two states, i.e., Rajasthan and Gujarat. Thereafter, it will be scaled to other states, the company said in a statement.

Uber reveals winner of its Rs 1 Cr sustainability challenge competition

Ride-hailing firm Uber revealed AHODS Technologies as the winner of its Uber Sustainovate challenge. As the winner, AHODS Technologies will receive $120,000 or Rs 1 crore as a prize.

The firm's on-demand hydrogen retro-fitment kit, aimed at helping address India’s sustainability goal, made it the winner of this challenge.

Arya.ag and Shivalik Bank enter into a partnership

Grain commerce platform arya.ag partnered with Shivalik Small Finance Bank to provide vital financial assistance to farmers, agro-processors, and micro-enterprises.

The partnership will enable Arya.ag to be a business correspondent enabling over Rs 200 crore in warehouse receipt financing in the current financial year. It will also help Shivalik Small Finance Bank to reach more customers, the companies said in a statement.

KRAFTON signs MoU with the Gujarat government

South Korean game maker Krafton has signed a memorandum of understanding with the Gujarat government to further the gaming and esports ecosystem in the region.

"By combining Gujarat's vibrant growth environment and our expertise in game development and esports, we are set to create unparalleled opportunities for talent development, infrastructure enhancement, and community engagement," said Sean Hyunil Sohn, CEO of Krafton India.

(This article will be updated with the latest news throughout the day.)