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• Logistics startup JustDeliveries secures $1 million funding led by Nabventures
• JustDeliveries plans to expand logistics network in Bengaluru, Mumbai, Pune, and the national capital region, with operations launching in Hyderabad
• Mumbai-based JustDeliveries aims to strengthen its presence in key regions
• Funding round aims to support JustDeliveries’ growth and expansion plans
• Investment from Nabventures to drive JustDeliveries’ logistics network expansion

Logistics Startup JustDeliveries Secures $1 Million in Funding from Nabventures

JustDeliveries, a Mumbai-based logistics startup, recently announced that it has successfully raised $1 million in funding led by Nabventures. Read more

• Egyptian tech talent startup Sprints raises $3 million fund to fuel expansion into 10 new markets
• Sprints is an AI-powered edtech redefining education for the future
• Founded in 2020, Sprints aims to bridge the tech talent gap in the MEA region
• Sprints offers guaranteed hiring programs and has delivered over 2.5 million learning hours
• The funding round will strengthen Sprints’ growth trajectory and expand its impact on the tech talent landscape

Egyptian Tech Talent Startup Sprints Raises $3 Million Fund

Egyptian tech talent education startup, Sprints, has recently secured a $3 million bridge round to support its ambitious expansion plans into 10 new markets. Read more

• The EU Commission is funding the first private 5G network at Oulu University Hospital in Finland for wireless wearable technologies.
• Boldyn Networks, WICOAR Technologies, Oulu University Hospital, and the University of Oulu are collaborating on the “Hola 5G Oulu” project.
• The private 5G network aims to enhance patient care through innovative wearable solutions and advanced data sharing techniques.
• The project will initially focus on a patient ward floor and operating theatres to facilitate research and development.

• MarTech tool CI HUB secures growth funding round from Scale Capital, a Danish early stage technology investor
• The significant investment from new and existing investors will enhance CI HUB’s content integration solutions
• CI HUB’s software simplifies access and management of digital assets for businesses like Ford and T-Mobile
• The funding will support CI HUB’s product enhancement, operational scaling, and global market expansion
• Scale Capital’s partnership aims to drive innovation in content integration for improved digital content management

Scale Capital Invests in MarTech Growth Funding

Scale Capital, a Danish early-stage technology investor focused on accelerating growth in the US market, has recently announced a significant investment in CI HUB GmbH. Read more

• India Tech Report: Tracxn launches Geo Quarterly India Tech Report for Q1 2024, revealing $1.6B in total funding until 15th March
• Retail, Fintech, and Enterprise Applications were top-performing sectors, with Fintech witnessing 48% growth due to smartphone adoption and favorable regulations
• Shadowfax and Credit Saison raised over $100M each, with other top-funded companies including Capillary, Rentomojo, and Captain Fresh
• Q1 2024 saw 8 IPOs and the creation of 2 unicorns, Perfios and Ola Krutrim, highlighting the resilience and potential of India’s tech landscape
• Bengaluru led total funding raised, followed by Mumbai and Noida, showcasing the significance of these tech hubs in India’s startup ecosystem

India Tech Report: Tracxn’s Insights on Q1 2024 Funding Trends

Tracxn, a prominent market intelligence platform, recently unveiled its Geo Quarterly India Tech Report for the first quarter of 2024. Read more

• Indian tech startup funding declines 51% in Q1 2024, with $1.6 billion raised
• U.S. leads globally in tech startup funding with $19.5 billion, followed by China and U.K.
• Shadowfax and Credit Saison receive highest funding of over $100 million
• Bengaluru receives most funding at $752 million, followed by Mumbai and Noida
• Retail, fintech, and enterprise applications are top-performing sectors; fintech sees significant growth

Understanding the Decline in India’s Tech Startup Funding

In the fast-paced world of technology and innovation, the landscape of startup funding is a crucial aspect that shapes the growth and success of emerging companies. Read more

• Indian tech startups received $1.6 billion in funding in Q1 2024, making India the fourth-highest nation globally in funding raised during this period
• Retail, fintech, and enterprise applications were the top-performing sectors in the Indian tech startup ecosystem
• Fintech sector saw a 48% growth from the previous quarter due to smartphone adoption and favorable regulatory policies
• Shadowfax and Credit Saison received the highest funding of over $100 million, with two new unicorns emerging in the quarter
• Bengaluru led in total funds raised in Q1 2024, followed by Mumbai and Noida, highlighting the significance of these tech hubs in India’s startup landscape

Indian Tech Startups: A Booming Ecosystem

Indian tech startups have been making waves globally, with the first quarter of 2024 proving to be particularly fruitful. Read more

• UK-based bio-tech business Clean Food Group secures £2.5 million funding from Clean Growth Fund
• Funding to accelerate commercialization of sustainable oils and fats technology using food waste as a source
• Clean Food Group’s technology aims to reduce carbon emissions and offer sustainable alternatives to traditional oil and fat ingredients
• Investment in Clean Food Group from various entities including Agronomics, Alianza Team, Doehler Group, and SEED Innovations Ltd.

• Clean Food Group secures £2.5 million funding from Clean Growth Fund for sustainable oils and fats technology
• Technology platform uses yeast strains and food waste to offer eco-friendly alternatives to traditional oil ingredients
• Food production contributes significantly to global greenhouse emissions, with palm and soy oils driving deforestation
• Clean Food Group’s product reduces greenhouse gases by 90% compared to traditional palm oil
• Investment partners include Agronomics, Alianza Team, Doehler Group, and SEED Innovations Ltd.

• Specialty coffee startup Subko secures $10 million in funding led by Zerodha’s Nikhil Kamath
• Subko’s valuation increases to $34 million post-funding
• Funding will be used to strengthen talent pool, develop tech-enabled customer experiences, and conduct R&D
• SBI’s parabolic rally prompts MFs to book profits
• Toyota and Hitachi see around 100% return in one year

Securing Funding: Subko’s $10 Million Boost

In the bustling world of startups, securing funding is often the lifeline that propels a promising venture to new heights. Read more

• Real estate management platform Aeria secures $1.8 million in funding led by Kalaari Capital
• Aeria plans to use the capital to expand its presence in Southeast Asia, the Middle East, and other Asian countries within the next year
• SBI’s parabolic rally prompts MFs to book profits, raising questions about investor confidence in Khara’s optimism
• Allcargo executive predicts 3PL may account for half of total warehouse leasing in the future
• Toyota and Hitachi see around 100% returns in one year, sparking discussions on Japan’s economic outlook

Real Estate Management Platform Aeria Secures $1.8 Million in Funding Led by Kalaari Capital

Real estate management is a crucial aspect of the property industry, ensuring that properties are efficiently managed, maintained, and optimized for their full potential. Read more

• VC Square Peg has returned $1.1 billion to investors, gearing up for its sixth fund
• Exits across 14 portfolio companies include mergers, acquisitions, secondary market sales, and public floats
• Canva remains a key investment for Australian venture capital with significant returns
• Square Peg’s exit returns average 6.1x across companies, with an IRR of 44%
• Square Peg backs Australian tech unicorns like Canva, Airwallex, and Rokt, preparing for public listings

VC Square Peg Returns $1.1 Billion to Investors

Venture capital firm VC Square Peg has made waves in the investment world by returning an impressive $1.1 billion to its investors, setting the stage for the launch of its sixth fund. Read more

• Jandoli School of Communication at St. Bonaventure University receives $750,000 federal funding for tech upgrades
• Funding announced by U.S. Sens. Schumer and Gillibrand to enhance educational experience for students
• Upgrades to include TV studio, radio, podcast studios, and computers as part of Murphy Building renovations
• Phase I of Jandoli School renovations to start in the summer, funded by university’s Bolder Bonaventure campaign
• Dr.

• Eliyan secures $60 million funding for advancing chiplet interconnects accelerating AI chips
• Funding led by Samsung Catalyst Fund and Tiger Global Management, with participation from existing investors
• NuLink PHY technology offers significant performance improvements and power efficiency for chip makers in the AI industry
• Universal Memory Interface (UMI) addresses memory capacity and bandwidth challenges in AI chips
• Eliyan well-positioned to drive innovation in AI chips with chiplet interconnect technology and revolutionize chiplet-based systems

Eliyan Secures $60 Million Funding

Eliyan, a company specializing in chiplet interconnect technology, has recently made waves in the tech industry by securing a substantial $60 million in funding. Read more

• F-35 Lightning II set to receive $497 million for Pratt & Whitney’s F135 Engine Core Upgrade program
• Upgraded propulsion system aims to enhance durability, expedite jet’s advancement to Block 4 capabilities
• Enhancements to be compatible across all F-35 variants, available to all operators
• Pratt & Whitney committed to providing cutting-edge propulsion technology for air defense superiority
• Investment in F-35 upgrades reflects industry trends, market dominance, and geopolitical power balances

F-35 Propulsion Upgrades: A Game-Changer for the Lightning II

The F-35 Lightning II, a cornerstone of the United States’ air defense strategy, is set to undergo a significant transformation with the introduction of new propulsion upgrades. Read more

• Sandfly Security, the agentless Linux Security Company, secures seed funding from Gula Tech Adventures and Sorenson Capital to meet market demand for its comprehensive Linux security solution.
• Sandfly Security provides unmatched protection for Linux systems with features such as Drift Detection, Password Auditing, Enhanced Container Security, and SSH Key Tracking.
• Sandfly’s agentless approach addresses compatibility, performance, and stability issues faced by traditional agent-based security solutions for Linux.

• LIS Technologies Inc. secures oversubscribed $1.3 million seed funding round for laser uranium enrichment technology
• Company’s CRISLA technology has diverse applications in nuclear fuel, stable isotopes synthesis, and quantum computing
• Prominent professionals like Jeffrey L. Binder and Randall L. Beatty join the Company to drive growth
• U.S. government shows strong support for domestic uranium enrichment, allocating significant funds
• LIS Technologies Inc.

• 1991 Ventures launches £15M fund for Ukrainian and CEE startups
• Fund aims to invest in over 40 companies with global potential
• Founded by Ukrainian brothers Denis and Viktor Gursky
• Builds on their experience with incubation and accelerator programmes
• Backed by limited partners Venrex and Samos Investments

Exploring the Launch of 1991 Ventures £15M Fund

In a significant move for the startup ecosystem in Ukraine and Central Eastern Europe (CEE), 1991 Ventures has unveiled a £15 million fund dedicated to investing in promising startups with global potential. Read more

• A transformative fund launched by the Department of Science and Innovation (DSI) and the United Nations Development Programme (UNDP) aims to empower young tech entrepreneurs from higher education institutions.
• The Higher Education Innovation Fund targets students from Technical Vocational Education and Training (TVET) colleges and universities, focusing on entrepreneurship, ideation, design thinking, and business model development.
• The fund seeks to address challenges in the innovation-entrepreneurship ecosystem by supporting commercialization, market access, IP protection, and investor readiness.

• Firecell secures €6.6M Seed funding for 5G industrial solution
• Firecell’s 5G solution offers reliable, secure, high-performance connectivity for industrial environments
• Funding led by Ventech and Matterwave Ventures, with support from Bpifrance and Bouygues Telecom
• Company aims to simplify 5G network deployment, enhance security, and lower costs for industrial enterprises
• Plans to develop new products, expand in Europe, and recruit new team members to meet growing demand

Firecell secures €6.6M Seed Funding for Innovative 5G Industrial Solution

In the realm of digital transformation within industrial enterprises, the importance of reliable and secure communication infrastructure cannot be overstated. Read more

• Constellium secures DOE funding of up to $75 million for clean energy technologies at its Ravenswood facility in West Virginia
• The funding is part of the DOE’s Industrial Demonstrations Program (IDP) to implement SmartMelt furnaces for reducing carbon emissions
• The project aims to enhance recycling capacity, improve worker safety, and support the local community with new facilities and resources
• Constellium’s CEO, Jean-Marc Germain, expresses gratitude for the support from the DOE and Senator Joe Manchin highlights the investment’s economic impact
• Constellium’s Ravenswood plant, a major aluminum facility employing over 1,200 people, will undergo enhancements over a five-year period with final details pending negotiation

Constellium Secures DOE Funding for Clean Energy Tech

Constellium, a global leader in innovative aluminum products, has recently secured funding from the U.S. Read more

• Ecosystem tech funding model is essential for high-risk, high-return tech investments to address social and ecological imbalances.
• Comparative advantage is dynamic and requires the right development strategy to create value growth.
• Real estate prices impact household and corporate wealth, affecting banks’ credit portfolios.
• Successful tech funding models involve a combination of attracting innovative companies, providing support services, and seed funding.
• Long-term savings institutions like CPF and EPF contribute to financial stability and support development through investments in technology and infrastructure.

• Pakistan Engineering Council (PEC) announces ‘Seed Funding Scheme for Engineering Startups’ for sustainable technology development in Agri-tech and Smart-tech
• Business proposals must address key challenges and opportunities in the engineering sector, focusing on Agri-tech and Smart-tech themes
• Agri-tech aims to enhance productivity, efficiency, and sustainability in agriculture through technology integration and waste reduction
• Smart-tech revolutionizes sectors by optimizing resource management, fostering convenience, sustainability, and economic growth
• Eligibility requires an interdisciplinary team led by PEC registered engineers with a minimum capital investment of PKR 300,000; selected teams receive interest-free loans up to PKR one million with training and mentorship opportunities

Exploring the Seed Funding Scheme for Engineering Startups

Pakistan Engineering Council (PEC) recently announced its ‘Seed Funding Scheme for Engineering Startups’ aimed at fostering innovation and entrepreneurship within the engineering sector. Read more

• Recent developments have clouded critical federal funding for the U of A’s Giant Magellan Telescope project.
• The National Science Board recommended capping funding for Extremely Large Telescope projects at $1.6 billion.
• The GMT and Thirty Meter Telescope projects are part of the U.S. Extremely Large Telescope program.
• The GMT has raised significant private investment, unlike other notable telescopes funded solely by the government.

• WA med-tech sector in Perth, led by OncoRes, has proven viability without relying on interstate or overseas investors.
• OncoRes, under CEO Katherine Giles, has raised over $30 million locally, manufacturing cancer-detecting technology in Perth.
• The company’s team of 40, recruited from diverse industries, is preparing for a capital raise to enter the US market.
• WA’s medical research sector, supported by government funding, aims to diversify the state’s economy away from mining.

• Cellivate Technologies secures significant funding in the final round of The Big Spark, winning S$4.15 million from five venture capitalists, with Antler providing the largest investment of S$500,000.
• Dr. Viknish Krishnan-Kutty, founder of Cellivate Technologies, left his stable job to pursue ethical meat consumption solutions through his start-up.
• Despite not being profitable yet, Cellivate has a backlog of orders, prompting investor confidence in its potential.

• Dr. Jessica Wong, a post-doctoral research fellow at Ontario Tech University, has received federal funding to help older Canadians fight back pain and arthritis.
• Musculoskeletal conditions, such as back pain and arthritis, are significant causes of disability among older Canadians.
• The funding received includes a grant of $270,000 from the Canadian Institutes of Health Research to study ways to improve health services for older patients with bone, joint, muscle, and connective tissue issues.

• Pocket FM secures 46% of startup funding this week
• Lenskart raised $500 million from Abu Dhabi Investment Authority last year
• Authum buys entire INR25 crore poll bonds before acquiring Reliance-ADAG firms
• Retail investors pursue multibaggers amidst market momentum
• Sebi to monitor fund managers in the bull market, mutual funds claim readiness

Pocket FM Secures Major Funding in Recent Weeks

Pocket FM, an emerging player in the audio streaming industry, made headlines by securing a significant portion of startup funding this week. Read more

• Fidelity International Strategic Ventures leads $52M funding for Greenly’s carbon accounting tech, enabling global reach and solidifying position
• Greenly makes carbon accounting intuitive, precise, and affordable for SMEs and mid-market companies
• Greenly’s Climate Suite streamlines data collection and automates analytics to help companies lead in energy transition
• New regulations like the EU’s Corporate Sustainability Reporting Directive and US GHG reporting requirement drive market adoption
• Greenly aims to simplify carbon management, foster sustainability, and reduce 1 billion tons of CO2 by 2030

Greenly Funding Fidelity: Revolutionizing Carbon Accounting for Businesses

In the realm of sustainability and environmental responsibility, the significance of accurate carbon accounting cannot be overstated. Read more

• Greensphere Capital raises £66.3M for Gaia Sciences Innovation Fund
• Funds to invest in start-up, spin-out, and scale-up businesses addressing biodiversity loss and climate change
• Fund supported by leading British bioscience and environmental science institutes
• UK Infrastructure Bank commits up to £50 million in match-funding
• Frank Mars to chair the advisory committee for Gaia Sciences Innovation, emphasizing collaboration for innovative solutions

Capital Raising Fund to Tackle Biodiversity Loss and Climate Change

Greensphere Capital has successfully raised £66.3 million for its Gaia Sciences Innovation Fund, aimed at investing in start-up, spin-out, and scale-up businesses that provide solutions to address biodiversity loss and climate change. Read more