India’s tech startup news in June
June 2021 startup news from India – articles, reports & downloads
The Indian startup news summary for June 2021 covers subjects including 5G developments in the country, rule changes in e-commerce regulation, blockchain and surveys, India’s micro-VCs making an impact on SMEs, online misinformation around COVID-19, and many more.
Headlines below link to the Indian tech news articles behind them – in full, online and free for you to read instantly.
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- India: Spardha raises $410K with personalised digital platform for learning music and other performing arts
- Str8bat gains pre-Series A backing from India’s SucSEED Angel Network with IoT-based sports analytics platform, currently focusing on cricket
- India: An overview of the country’s micro-VCs, those operating in pre-seed, seed, and pre-Series A stages, and primarily backed by Indian family offices
- Download: India Trendbook 2021 – E-commerce and consumer internet sector, from EY and Indian PE & VC Association (pdf)
- ICYMI: NEAR India Accelerator program launched by NEAR, open-source platform aiming to boost development of decentralized applications in the country
- India: An intro to LearnhubOnline, a platform for kids from Grade 1 to 10 to learn coding and computer-based skills via live sessions
- India: The country’s internet user base is projected to hit 900M by 2025, growing from 622M in 2020
- India: Artha Venture Fund micro venture capital firm raises $30M in commitments for debut fund, aiming for 10-12 seed, pre-series A, and Series A stage investments
- India: 20 million pre-registrations made on Google Play inside two weeks for the soon-to-be launched Battlegrounds Mobile India
- India: Refyne raises $16M Series A with plug-and-play earned wage access software, providing employers with method enabling employees to access real-time salary
- India: Unbound Finance blockchain startup raises $5.8M, in part enabling interest-free crypto loans in Unbound’s $UND stablecoin and other ‘synthetic assets’
- India: A look at AdmitKard, providing an AI-backed ‘course-to-career’ solution to simplify overseas university admissions for Indian students
- India Blockchain Alliance and India Accelerator partner to deliver IA Campus Entrepreneurship Program, aiming to accelerate 100+ startups yearly
- “As India suffers a devastating second wave…misinformation about home remedies, steam inhalation and vaccines spreads almost unchecked on Facebook – just not in English.”
- Indian Institute of Tech rolls out AmbiTag, first-of-kind IoT device with 90-day charge for monitoring temperature of medical items in transit
- India: Clubhouse audio-focused social media app launches Clubhouse Creator First accelerator programme, with creator applications deadline set for July 16
- India: FamPay raises $38M Series A with goal of building the country’s first neobank for teenagers, with digital payments card without the need for a bank account
- India: Facebook announces partnerships with internet service providers to launch public wi-fi hotspots in Bengaluru and multiple cities in Punjab
- India: 9Unicorns accelerator and VC fund sets maiden edition of 9Unicorns Global Demo Day for August 11-12, showcasing 30 shortlisted startups
- India: CityMall raises $22.5M with e-commerce platform focused on Tier 2, 3 and 4 city micro-entrepreneurs, facilitated by mobile app and WhatsApp
- India: An intro to BlockSurvey, a decentralised blockchain-powered data collection platform focusing on anonymity and security of user information
- India: Jio Infocomm telecom giant joins with Google Cloud for long-term strategic partnership to build 5G solutions focusing on enterprise and consumer markets
- India: TikTok short video firm has written to Ministry of Electronics and Information Technology claiming compliance with Code, seeking lifting of in-country ban
- India: Vodafone Idea and Cisco networking giant to collaborate on simplifying and automating networks to support 4G and 5G use cases nationwide
- India: Bharti Airtel partners Tata Consultancy Services to implement 5G solutions nationwide, aiming for commercial development starting January 2022
- India: New e-commerce rules set to raise costs for online retailers, particularly Amazon and Walmart’s Flipkart, impacting a market set to hit $200BN in value by 2026
- India: More on the proposed changes to rules around e-commerce, and the areas of operation these changes focus on
- India: Kutumb raises $26M Series A with social networking app similar to Reddit, focusing on communities of interest or location and boasting 12M downloads to date
- India: Lenskart eyewear firm launches Lenskart Vision Fund to invest up to $2M in startups in the eyewear, eye-care and omnichannel retail sectors
- India/Singapore startup StaTwig awarded in UK’s The Trinity Challenge with VaccineLedger, blockchain-based solution tracking each vial of vaccine from manufacturer to beneficiary
- India: Unacademy edtech firm launches $13.5M Graphy Creator Grant to help platform users launch their own online schools or learning communities
- India: A dive into the government’s new tech rules, in part demanding big tech firms break encryption and end user privacy
- India: Google boost partnership with Reliance Jio with ‘ultra-affordable’ smartphone and a cloud tie-up aimed at boosting the Indian telco’s 5G ambitions
- India: Loco raises $9M with live game-streaming platform and game-specific communities
- India: UK’s Tide fintech to enter Indian market with $138M investment plan, expecting to create over 1K jobs in 5 years, providing banking services for SMEs
- India: 9Unicorns announces 4th close of first fund at $50M, with DDay startup demo day set to showcase 30 startups August 11-12
- India: Mastercard takes equity stake in Instamojo online selling platform with sights on the country’s MSMEs and gig workers, and e-commerce market
- Australia: India’s HCL Technologies IT services major to host TechJam to develop technology solutions for Cricket Australia, using Microsoft Azure as sandbox
- Singapore: Beryllium secures $3M pre-Series A with fantasy sports and trading platform focused on cricket in India
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