CoRover AI, a Bengaluru-based startup, has secured $4 million in Series A funding, led by Venture Catalysts, with participation from various investors. This funding will support the development of its generative AI-powered conversational bots, aimed at enhancing human-machine interactions across industries such as e-commerce, healthcare, and finance.
Zyla Health, a healthtech startup, has secured $4 million in Series A funding led by Exfinity Venture Partners, alongside participation from Sony Innovation Fund and others. The funds will facilitate growth in its insurance, corporate, and big pharma sectors, with goals of fivefold expansion and achieving profitability within two years.
Schaeffler India rises as acquisition of KRSV Innovative Auto Solutions completes Shares of Schaeffler India were up nearly 2 percent at Rs 3,646.50 in early trade on September 11 after the company acquired 100 percent shareholding of KRSV Innovative Auto Solutions. Koovers is a Bengaluru-based B2B company (business to business) that offers spare parts solutions in the Indian aftermarket workshops.
Settlrs, a Bengaluru-based B2B services rental platform, has raised $1 million from investors led by Canbank Ventures. Incubated at the Indian Institute of Management, Bangalore, Settlrs offers furniture, home appliances, fitness equipment, and IT infrastructure on a lease basis to startups and co-living spaces. The company aims to expand its operations to more cities, currently serving 15, and is considering a move into the B2C market.
As approach the festive season in India, the e-commerce industry is gearing up for an extraordinary period of celebration and shopping. This year, the industry anticipates a sales growth of over 20%, primarily driven by the Direct-to- Consumer (D2C) segment's impressive 40% quarter-on-quarter surge.
Biddano, a healthcare supply chain platform, said revenue and order volume doubled during the last calendar year, driven by the increasing adoption of online technology by pharmacy channels to address last-mile distribution issues.
