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ETtech Deals Digest: Indian startups raise $160 million this week, up 75% on-yearDespite the higher value, the number of deals during the week was down at 16 transactions, compared to 34 in the corresponding week last ye...- Cred’s down round; Blinkit’s food safety woesHappy Tuesday! Cred has raised fresh funding at a steep cut in valuation. This and more in today’s ETtech Morning Dispatch.
- Deep tech startup Vecmocon Tech raises $18 million in round led by Ecosystem Integrity FundVecmocon Technologies, a deep-tech EV startup, raised over $18 million in Series A funding led by EIF, with Aavishkaar Capital, BII, and Bl...
- Accelerating towards tomorrow: India’s electric vehicle revolutionGovernment initiatives, including the FAME and Production Linked Incentive (PLI) schemes, have bolstered local manufacturing and competitiv...
- UK’s BII to invest $33.5 million in India’s EV sectorBritish International Investment (BII) is investing $33.5 million in India's electric vehicle sector, divided among fleet operator Everest ...
- Top startup funding rounds during November 16-22Startups raised around $607.5 million between November 16 and 22, marking a 774% increase compared to the same period last year.
- EV parts maker Vecmocon raises $10 million in round led by Ecosystem Integrity FundBritish International Investment and existing investor Blume Ventures also participated in the round. The IIT Delhi-incubated startup will ...
- Used EV sales fail to take off: Why electric resale market lagsElectric vehicles (EVs), including scooters, cars, and commercial vehicles, are surprisingly unpopular in the used vehicle market and often...
- PE funds in electric vehicles may cross $1 billion in 2022Investors pumped in $904 million through 26 deals in the nine months to the end of September, including in battery manufacturing and batter...
- ETtech Deals Digest: Funding crunch in Indian startups continues as data shows 21-month lowsAccording to a report by CB Insights, VC funding in India hit a 21-month low in the July-September quarter with 387 deals bringing a paltry...
- Consumer internet firms seek clarity on telecom bill; exclusive interview with Wipro CEOThey are seeking a clearer definition of “communication” and “over-the-top” service providers in the new rules, the sources said.
- EV parts maker Vecmocon raises $5.2 million led by Tiger Global, Blume VenturesVecmocon said more than 100,000 EVs will be made using its parts by the end of 2022, while 5,000 vehicles are using them currently.
- MG Motor India shortlists 12 startups in auto-tech spaceAs part of its 'MG Innovation Grand Challenge' programme, MG Motor India said it had received 71 applications from across the country.
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