Startup news and updates: daily roundup (May 9, 2023)
Summary
It will also help scale its operations with a new facility in the pipeline, Co-founder Arun Sreyas, said.We are thoroughly impressed by RACEnergys expertise in deeptech, its exceptional in-house battery pack and swapping station developments, Sheetal Bahl, Partner at growX Ventures, said in a statement. With the recent clearance of AIS-156 Phase 2 certification and their successful commercial pilot that recorded an impressive 3 million green km, we are optimistic about their potential for exponential growth.Founded in 2019 by Arun Sreyas and Gautham Maheswaran, RACEnergy is a deeptech electric vehicle infrastructure company. Its mission-critical solutions satisfy the growing demand from asset-intensive industries to connect front-line and back-office data sources for enhanced business operations, well positioning the company for long-term growth and success, said Rachel Arnold, Co-Head of Vistas Endeavor Fund and Senior Managing Director.The investment in Innovapptive was made by Vistas Endeavor Fund, which provides growth capital and strategic support to market-leading, high-growth enterprise software, data and technology-enabled companies that have achieved at least $10 million in recurring revenue.Ben Benson, Senior Vice President at Vista, will join Innovapptives Board of Directors effective immediately.Crypto asset exchange Zebpay has partnered with TaxNodes, an ITR filing platform, to simplify tax filing for virtual digital assets in India.TaxNodes will provide assistance to ZebPays user community to ensure precise tax calculations and compliance, and to keep them updated with recent tax-related developments in the virtual digital asset industry.We are committed to creating a regulatory-compliant ecosystem that fosters the mainstream adoption of crypto in India. km per system and provide a comprehensive framework to defend against all classifications and all levels of autonomous drones.With the integration of Apogees advanced deep tech platform, we aim to bolster Indrajaals anti-drone capabilities further, Kiran Raju, Founder and CEO of Grene Robotics said.Hyderabad-based Grene Robotics is a deep-tech research and development company specialising in providing innovative solutions in artificial intelligence and robotics.Facebook parent Meta on Tuesday launched #MadeonReels, a programme designed to enable brands to boost business results through entertaining storytelling on Reels.The social media company noted that selected brands will receive creative support, programme support, and the opportunity to work with three creators each on Reels campaigns around their specific marketing objectives.Our goal at Meta is to help businesses build for the evolving consumer behaviour and create a strong ecosystem for the future of digital advertising in the country. We look forward to working with a large set of innovative entrepreneurs and sponsors to drive value creation in the sector, Gaurav Deepak, Co-founder and CEO of Avendus Capital, said in a statement.Anshul spent the last 15 years of his career in various leadership roles at Citigroup Investment Banking.