Adya.ai Collabs With Google Cloud, Niyo Expands Into New Services, VAMA Dives Into Spiritual Tech and more

Adya.ai teams up with Google Cloud to revolutionize ONDC app deployment, while Niyo expands into flight booking and visa applications. PB Fintech’s shares hit a new high following a stellar Q1, and VAMA dives deeper into spiritual tech with its ONDC debut. Meanwhile, CoinDCX responds to the WazirX hack by launching a INR 50 Cr protection fund, and agritech innovator Fasal celebrates an impressive 89% revenue jump for FY24.

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What Matters

“Hum Saath Saath Hai”: Adya.ai Partners Google Cloud To Boost ONDC Adoption Across Enterprises

Adya.ai's partnership with Google Cloud to launch ATMA is a game-changer, slashing ONDC app deployment time from 12 months to just 24 hours. This scalable framework means businesses can swiftly create apps across various sectors, boosting innovation.

With ONDC's transactions skyrocketing by 21% to 12 million in July, particularly in food delivery, ATMA's launch couldn't be more timely.

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“Spread You Wings And Fly Away”: Niyo Forays Into Flight Booking, Visa Application Verticals

Niyo is spreading its wings with a new in-house flight booking platform, offering seamless domestic and international travel options. They've also introduced a visa booking feature on their app, slashing visa application processing times.

Fresh off a funding boost from Spring Marketing Capital last October, Niyo is soaring to new heights in travel services.

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“Tu Bas Bhaag Milkha”: PB Fintech Shares Open At All-Time High After Strong Q1 Show

PB Fintech, the parent of Policybazaar, saw its shares skyrocket over 16% in opening trade to INR 1,664.35 on August 7, setting a new 52-week high.

This surge follows a strong Q1 performance, pushing the company's market cap beyond $8 billion. Investors are buzzing as PB Fintech's stock continues to soar.

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“Hare Krishna Hare Rama”: VAMA Joins ONDC To Double Down On Spiritual Offerings

VAMA is doubling down on its spiritual offerings by joining ONDC, aiming to reach a wider audience and enhance convenience for current users. Founded in 2020 by Aacharya Dev, Himanshu Semwal, and Manu Jain, VAMA.app offers digital e-pujas, e-darshans, astrology, and spiritual blogs.

Now joining the ranks of ISKCON and Hari Bol, VAMA is the latest spiritual tech sensation on the network.

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“Waqt Rehte Sudhar Jaao”: After WazirX’s $230 Mn Crypto Hack, CoinDCX Sets Up INR 50 Cr Protection Fund for Crypto Investors

In the wake of WazirX's $230 Mn crypto hack, CoinDCX has launched a Crypto Investors Protection Fund (CIPF) worth INR 50 Cr to safeguard users against security breaches. The fund will grow as CoinDCX adds 2% of its brokerage income annually, aiming to bolster trust in the Indian crypto scene.

CEO Gupta calls this initiative a pivotal move towards ensuring long-term confidence among crypto investors.

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“Ab Aayega Maza”: Agritech Startup Fasal’s FY24 Revenue Jumps 89% to INR 34.1 Cr

Agritech startup Fasal saw its FY24 revenue soar by 89% to INR 34.1 Cr, despite a slight increase in net loss to INR 34 Cr. Total expenses also rose by 34.6% to INR 69.5 Cr, reflecting the company's growth and investment.

Founded in 2018, Fasal uses AI and IoT to offer crop-specific insights, boosting productivity for farmers and revolutionizing agriculture.

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1. BlueBinaries has secured INR 60 Cr from Anicut Capital to enhance its tech solutions in the mobility space. This funding will drive innovation for the engineering and technology services provider in the mobility industry.

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2. kindlife aims to capitalize on the beauty and cosmetics space with $8 Mn in Series A funding. The startup secured the investment from JB-Dooeun TK Fund and MIXI Global Investments to fuel its growth and innovation.

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3. Medtech startup SigTuple has netted $4 Mn in an extended Series C round led by Sidbi Venture Capital. This funding will help SigTuple enhance its product portfolio and fuel its expansion efforts, with support from existing investors like Endiya Partners.

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4. Visit Health has raised over INR 250 Cr (about $29.8 Mn) to strengthen its healthcare offerings, with funds coming from a mix of new investments and a secondary stake purchase from Docprime Technologies. The deal also includes participation from the company's founders and ESOP buybacks.

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5. Dating app Juleo has secured $2.5 million from over 180 angel investors, including seven unicorn founders like Kunal Shah of CRED and Ruchi Deepak of Acko. The funding will propel Juleo's growth in the competitive dating app market.

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6. Karma Primary Healthcare has raised $1.3 million in a Series A funding round led by UBS Optimus Foundation, with additional support from 1Crowd and other investors. The funds will help advance the startup's digital healthcare solutions.

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7. Fintech startup FINQY has secured $2 million in a fresh funding round led by Angel Bay India Accelerator and private investors. This follows their earlier seed round of $839K raised in March 2022.

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