CP Daily - 21 February 2024
1) AutoVRse, a homegrown AR/VR tech startup raised INR 16 Cr in a seed round led by Lumikai, a gaming and interactive media-focused venture capital fund.
2) Spalba, a SaaS-based event-tech platform reported a surge in revenue from operations by 184% to INR 18.2 Cr while profits jumped by 2.9X to Rs 3.4 Cr in FY23.
3) DroneAcharya Aerial Innovations Ltd, an Industrial drone solution provider is in discussions to acquire a 76% stake in Aerophile Academy Pvt Ltd, a DGCA-certified drone pilot training center in South India.
4) Quikr, the online marketplace and classified platform reported growth in revenue from operations by 4.7% to INR 51 Cr while losses declined by 62% to INR 8 Cr in FY23.
5) Zoomcar, a Car sharing marketplace, partnered with EV self-drive rental firm SPARKCARS to introduce over 1,000 EVs on its platform across India within the next two years.
6) Vidyut, an EV financing and vehicle lifecycle management platform, secured INR 82 Cr in a Series A round including a mix of equity and debt, led by one4 Capital and Saison Capital.