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Ola Raises $104 M From Ratan Tata And Falcon Edge

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OLA RAISES $104 MN FROM RATAN TATA AND FALCON EDGE,Startup Stories,Startup Stories India,Inspiration Stories,2017 Most Read Startup Stories,ANI Technologies Pvt Ltd,Ola Latest News,Ola Updates,#deleteUbercampaign,Ratan Tata Fund

Now, this is something big, Benguluru based cab aggregator Ola raised $104 million from Tata Funds as well as Falcon Edge. It was just a few months back, when SoftBank too invested $250 million in Ola.

The fresh round of funding of $104 million (Rs.670 crore,) from Tata Funds and Falcon Edge help Ola to retain its market position and also continue its battle with rival, San Fransisco based cab aggregator Uber.

According to a consulting firm, Uber and Ola, both had witnessed a four fold increase in their ride numbers when compared to their rides in 2015.

ANI Technologies Pvt., Ltd., operating under the trade name Ola has raised investments over $ 1.5 billion (approximately Rs.9631 crore) from investors like SoftBank, Tiger Global, Matrix Partners, Falcon Edge, Sequoia Capital, Accel Partners US, Steadview Capital among others.

Although the company is attracting many high profile investors, it had recently witnessed a loss of Rs.2311 crores which comes to Rs. 6 crores a day. While Ola is facing issues in the national market, Uber has its own problems in the global market.

From #deleteUber campaign to harassment cases, Uber has been included in many vows so far. And moreover, in the Chinese market, it lost its battle with major Chinese cab aggregator Didi.

Well, seems like the ‘war of cabs’ is never ending.

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

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StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

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Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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Flam_StartupStories

AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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