Baby Joy IVF organizes informative camps to raise awareness about IVF

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June 8, 2023

Baby Joy IVF, a leading fertility clinic, is pleased to announce a series of informative camps aimed at spreading awareness about in-vitro fertilization (IVF). These camps are designed to educate individuals and couples about the intricacies of IVF treatment, dispel misconceptions, and provide valuable insights into fertility options.

The camps will take place on the following dates and locations in the month of June:

June 11th: Harsaon, Near Primary School & Police Line

Ghaziabad, Uttar Pradesh & Preet Vihar (East Delhi Centre)

June 18th: Sonipat & West Delhi ( Baby Joy IVF Centre, Rajouri Garden )

June 25th: Faridabad, Saket (South Delhi Centre) & Gurugram (Gurugram Centre)

At these informative sessions, attendees will have the opportunity to engage with renowned fertility specialists, embryologists, and experienced counselors who will guide them through the process of IVF treatment. The experts will address the causes of infertility, discuss advancements in reproductive technologies, and provide information about tailored solutions available at Baby Joy IVF.

Baby Joy IVF is dedicated to empowering individuals with knowledge and providing the necessary support on their fertility journey. Through these camps, the clinic aims to dispel myths surrounding IVF and offer hope to couples facing challenges in conceiving naturally.

Mr. Vivek Kohli, Founder of Baby Joy IVF, expressed his enthusiasm about the informative camps, stating, “At Baby Joy IVF, we believe that knowledge is power. Our aim is to empower individuals and couples with the information they need to make informed decisions about their fertility journey. Through these camps, we hope to dispel myths and provide hope to those facing challenges in conceiving naturally. We are committed to supporting our attendees with expert guidance, personalized care, and the latest advancements in reproductive technologies. Join us at these informative sessions and take the first step towards fulfilling your dreams of parenthood.”

As a leading fertility clinic, Baby Joy IVF has a proven track record of helping numerous couples achieve their dreams of starting a family. The camps serve as an extension of the clinic’s expertise and support, ensuring that individuals and couples are well-informed about available fertility options and can make informed decisions.

To learn more about Baby Joy IVF’s informative camps and to register for the sessions, please visit www.babyjoyivf.com.

About Baby Joy IVF

Baby Joy IVF is a leading fertility clinic committed to providing comprehensive and personalized fertility treatment options to individuals and couples. With a team of experienced fertility specialists, state-of-the-art facilities, and a patient-centric approach, Baby Joy IVF has earned a reputation for delivering high success rates and exceptional care. The clinic offers a wide range of fertility services, including IVF, IUI, egg freezing, and surrogacy, among others, with the aim of helping couples fulfill their dreams of parenthood.

Attron Automotive providing solutions for EVs bags Rs 4.75-Cr in funding

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June 7, 2023

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Attron Automotive, a startup that offers motor and controller solutions for electric vehicles (EVs), has raised Rs 4.75 crore in funding, led by Anicut Capital, with participation from Pontaq VC, Venture Catalyst, and Yashovardhan Shah.

With this round of funding, the startup aims to support its core growth objectives, which include developing an assembly line, a prototype facility, expanding the workforce, and investing in research and development for new technologies.

Additionally, it will focus on expanding its team and establishing an assembly line with an initial monthly capacity of 10,000 units to expand that capacity to 70,000 units per month over the following five years.

According to the startup, its research and development (R&D) team will work on developing new technologies to make sure it remains competitive in the market. Additionally, developing a prototyping facility will speed up the adoption of Attron Automotive’s solutions by streamlining the production of samples for customers and reducing lead times.

“We are thrilled to have successfully raised 4.75 crores in this fundraise, which will be instrumental in driving our expansion plans and fuelling our innovation initiatives. The involvement of Anicut Capital as investor and mentor brings valuable expertise, insights, and guidance to Attron Automotive. Their support will help the company navigate challenges, make strategic decisions, and avoid common pitfalls. This assistance has prepared us to provide an exceptional experience to our future customers and undertake significant responsibilities for larger OEM players in the industry,” said Mosam Ugemuge, Founder and CEO, Attron Automotive.

“Additionally, Anicut Capital’s extensive network will introduce us to potential customers, partners, suppliers, and other investors, opening up new opportunities for collaborations and resources. Post fundraise, we have outlined a set of milestones aimed at capturing a significant market share. We aim to acquire 10% market share in the 3 and 4-wheeler load carriers’ market within the next three years, leveraging our proprietary motor and controller E-powertrain solutions. This investment not only validates our potential but also positions us for significant growth and market leadership in the electric vehicle industry,” Mosam said.

“We are excited to back Attron Automotive in their journey towards transforming the electric vehicle industry. Attron Automotive’s young and enthusiastic team, their innovative product, and the vast potential for market penetration is poised to revolutionize the Indian market. With the Niti Ayog’s EV policy aimed at reducing EV dependence on China, Attron’s proposition of an IP driven Made in India electric motor will further give them the required market impetus to excel,” said Ashvin Chadha, Managing Partner, Anicut Capital.

Attron plans to target original equipment manufacturers (OEMs) who want to switch from using Chinese powertrain components to locally manufactured solutions.

Additionally, it will work with manufacturers of batteries, BMSs, DC-DC converters, and VCUs to provide comprehensive EV solutions for product development and retrofitting.

According to Attron Automotive, it developed a proprietary motor topology that delivers motor efficiency of above 97%.

“Our pre-integrated motor controller solutions are suitable for various low voltage and high voltage applications, including automotive, defense, aviation, and agriculture,” the startup said in a statement.

Lending startup Lentra raises $27mn headed by MUFG Bank, Dharana Capital

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June 7, 2023

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Pune-based lending startup Lentra has raised $27 million in an extended Series B round led by MUFG Bank of Japan and Dharana Capital.

Lentra has raised $76.6 million in cumulative funding as of this latest investment. The company raised $60 million from existing investors Bessemer Venture Partners, SIG Venture Capital, and Citi Ventures in the previous Series B round, which was held in November 2022.

Lentra offers banks a full-stack digital lending platform. It was founded in 2019 by D Venkatesh and Ankur Handa. The startup allows banks across the entire life cycle of lending, including loan origination, fraud checks, cross-verifying credit scores, and more.

D Venkatesh, Founder and CEO, Lentra, said, “We have been scaling at a fast pace, and this extended round is a strategic step towards fueling our ambition of empowering lenders globally.”

According to the company, more than 60 financial institutions have used its services, and loan applications totaling more than $27 billion have been completed.

Through its Ganesha investment fund, which is exclusively dedicated to Indian startups, MUFG Bank participated in the funding. Lentra emphasized that this investment represents the first collaboration between MUFG Bank and its corporate venture capital arm, MUFG Innovation Partners (MUIP). The partnership aims to support Lentra in exploring potential synergies with the broader group.

Lentra has expanded its operations to Vietnam, the Philippines, Indonesia, and the United States by establishing subsidiary firms and speeding up its go-to-market strategies. Its loan management system, 1LMS, was showcased in the Indian markets at an event in May as part of a strategic partnership with Google Cloud.

“This is a testimony to Lentra’s status as the leading enterprise SaaS (software-as-a-service) platform and the transformational role it stands to play in the evolving digital lending landscape,” said Shashank Joshi, Deputy CEO of MUFG India. “This partnership affirms our commitment to be at the forefront of supporting digital innovation in India and its expansion to other geographies.”

AWE Funds closes first early-growth venture fund in India at $15mn

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June 7, 2023

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On Wednesday, AWE Funds, an investment platform, announced that the first close of its maiden fund in India received commitments totaling USD 15 million.

The fund will promote gender equity and climate action as a unique strategy to get commercial returns for its investors, investing mainly in scalable innovation across the food and agriculture, healthcare, education, and fintech sectors.

AWE Funds said it “has secured USD 15 million in aggregate commitments and is targeting an overall fund of USD 45 million with a green-shoe option of an additional USD 15 million.”

Its ‘Achieving Women Entrepreneurs Early Growth Fund I’ is registered with SEBI.

“The fastest growing market and an under-appreciated resource, in most countries are women. By focusing on gender equity and climate action, which are very significantly and inextricably linked AWE Funds’ team is uniquely positioned to identify investment opportunities that deliver superior commercial returns to our investors while unlocking serious nation building impact returns,” AWE Funds, Founding Partner, Seema Chaturvedi said.

“Our investments unleash a virtuous economic value creation cycle that generates sustainable and scalable multi-generational prosperity. We are very grateful to our early investors who have supported us and invite others to join this movement,” she added.

The fund has secured investment support from high-net-worth individual investors and blue-chip international and India-based institutional investors.

The investors include Zia Mody (Founder- AZB & Partners), Soumya Rajan (Founder & CEO- Waterfield Advisors), Padma Chandrasekaran (formerly Gates Foundation), Divya Sampath (formerly Microsoft), Ajay Prabhu (former COO- Quest Global), Ramakrishnan Raman (Founder- aXYKno Capital), Vikas Chaturvedi (Founder- Valuecent), Sunil Srivastava (CEO- Ampera Life) and Simran Jindal (Executive Partner- IBM Consulting).

By 2030, AWE Funds aims to help 30 million women globally to gain agency.

Food-tech firm Rebel Foods offers ESOPs to over 5000 employees

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June 6, 2023

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Rebel Foods, a significant internet restaurant company, said it distributed employee stock ownership plans (ESOPs) to its more than 5,000 employees working in more than 350 corporate offices.

According to a press release, the total value of ESOPs owned by Rebel employees has reportedly reached Rs 550 crore (USD 65 million) with this round of distribution.

According to the company, this move will give employees in the corporate offices and kitchens in India, the United Arab Emirates, and the United Kingdom the potential to become wealthy.

The company recently announced the ESOPs liquidation program for existing holders for the second year in a row. Current and former employees of Rebel Foods have the opportunity to liquidate their vested options under this program this year, which can only be done once a year.

Ankur Sharma, Co-founder of Rebel Foods, said, “Through this ESOP programme, we aim to democratize wealth creation for our team and recognize their passion, customer centricity, and performance. We will continue creating similar opportunities in the future while rewarding our employees for their hard work, contribution, and belief in Rebel’s vision and mission.”

Earlier this year, the food-tech company acquired exclusive franchise rights for Wendy’s global burger chain’s online and offline business.

Rebel Foods, founded in 2011 by Jaydeep Barman and Kallol Banerjee, currently houses more than 45 brands in several international geographies.

Swedish startup evroc plans to raise 3 billion euros for ‘hyperscale’ data centres

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June 6, 2023

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Swedish startup evroc, backed by EQT Ventures and Norrsken VC, plans to raise and invest 3 billion euros ($3.2 billion) over the next few years to start operating two “hyperscale” data centres.

The demand for data is overgrowing across Europe. Still, most cloud services are provided by a handful of American companies operating large-scale data centres or hyperscalers.

The data will remain in Europe, according to evroc, which serial entrepreneur Mattias Astrom leads. It has funded a seed round and plans to hire over 3,000 people, builds eight hyperscale data centres by 2028, and establish three software development centres.

“The lack of home-grown hyperscale cloud providers poses a serious challenge for Europe. Not only because our citizens’ data is placed under foreign ownership by companies operating under laws that conflict with European privacy legislation. It is also a real threat to our long-term competitiveness in a digital world where others are advancing much faster. Europe’s digital economy must be built on a European foundation,” says Mattias Astrom, founder and CEO, evroc.

It will use an “eco load balancer” technique to shift data processing around evroc’s data centres based on where renewable energy is most easily and affordably accessible.

“When there is sunshine in Spain, we move data processing to Spain; when there’s wind in the Netherlands, we move data processing there,” Astrom said.

Sweden has seen the emergence of various green businesses, including Northvolt, a manufacturer of batteries for electric vehicles, and the steel company H2 Green Steel, which uses a fossil-free process.

“The data center industry is on par with the airline industry in terms of greenhouse gas emissions. Data processing will continue to grow substantially over the coming decades, causing significant emissions and damage to our climate, unless we change direction. evroc’s holistic strategy for clean energy usage, combined with the implementation of state-of-the-art energy efficiency technology, could set the standard for the entire industry,” says Tove Larsson, Partner at Norrsken VC.

Next year, Evroc plans to launch a pilot centre in Stockholm and begin looking for a place for two data centres: one in northern Europe and one in southern Europe.

Elderly-focused GenWise bags $3.5mn in seed round

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June 6, 2023

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GenWise, a lifestyle app for the elderly, raised $3.5 million in a seed round led by Matrix Partners India, with participation from investors including DBR Ventures (Family Office, Jagran Group) and Climber Capital, as well as angels like Kunal Shah, Suhail Sameer, and Achal Mittal.

GenWise offers the elderly a dependable companion even when their younger family members are absent. It was founded by former BharatPe executives Geetanshu Singla, Nehul Malhotra, and Rajat Jain. While giving seniors the independence to utilize technology to get customized solutions on their own, it allows younger members of the family to stay in touch with their parents or senior ones.

The Delhi-based startup will utilize the funds to form the initial team and facilitate the app’s launch. The app will offer features including a personal digital assistant, an organized digital passbook, quick medicine reminders, and entertaining social networking tools.

GenWise will first debut as an exclusive, invite-only community, promising an intimate, customized experience for early adopters. The team will introduce new features and expand the app’s user base as it reaches momentum.

“We employ cutting-edge technology, including artificial intelligence, to facilitate a smooth user experience,” said Geetanshu Singla, Co-founder of GenWise. “Our team has harnessed the power of innovation to create a digital environment that elders can navigate with ease.”

Along with GenWise, several other startups in the elder care sector, including SeniorWorld, GetSetUp, 60Plus India, ElderAid Wellness, and Goodfellows, are engaged in this space.

“In the wake of the COVID-19 pandemic, senior family members were compelled to adopt technology. However, most existing applications fall short of catering to their distinct needs. We are excited to partner with GenWise, a platform to bridge generational gaps through a shared social platform,” said Siddharth Agarwal, Principal, Matrix Partners India.

“With a population of around 250 million between the ages of 50 and 75, this demographic is the fastest expanding age group in India. For them, the need to have an enabler to simplify the use of technology was overlooked,” he added.

In June last year, Matrix made a final close at $550 million on its India-dedicated fund. The new fund has backed ZippMat, Saveo, Murf AI, and XimKart.

Edtech startup Avidii begins operations in India

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June 5, 2023

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Bengaluru-based on-demand edtech platform Avidii, founded in Switzerland, has expanded its presence in India. The company claims to have onboarded 400+ tutors across India and operates in four countries. By the end of this year, it hopes to have one million users and downloads in India.

The company employs two business models. While the B2C segment facilitates direct interaction between students and tutors and develops an on-demand one-on-one deep learning experience for the students, the B2B segment involves partnerships with educational institutions. It seeks to improve the learning experience within schools, colleges, and training institutes.

According to a statement from the company, Avidii offers teachers immediate, on-demand, customized learning in mathematics, physics, chemistry, and biology, as well as commerce and arts subjects, primarily for students between the ages of 11 and 18. Additionally, it has said that it serves several educational boards, including the Central Board of Secondary Education (CBSE), the Indian Certificate of Secondary Examination (ICSE), and State Boards, empowering students to achieve high exam scores.

“We are happy to begin our much-awaited operations in India. Within no time, Avidii has attracted 400+ Tutors across India, with thousands of users already having tried the platform. We aim to achieve 1 million users by year-end and embark on our journey of growth within the country. We are looking to increase our tutor network extensively and are hopeful of achieving good traction soon,” says Deepak Subbarao, Co-Founder of Avidii.

“We have created a simple platform in Avidii wherein the Tutors make sure that the answers and explanations are complete, precise, and accurate. At Avidii, Tutors use a variety of advanced teaching tools—such as digital whiteboard, graphic annotation features, and sharing of learning materials—to create comprehensive learning sessions for the students. In fact, students cultivate the confidence and habit of getting conceptual clarity in one-on-one sessions in real time. Moreover, they can use Avidii on-demand to quickly get their doubts cleared and acquire the skills to hone difficult subjects with dedicated help,” he added.

CleverTap launches Retention Accelerator program for startups globally

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June 5, 2023

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CleverTap, a customer engagement platform, today announced the launch of its Retention Accelerator program for startups globally. According to the company, it is designed to give early-stage startups free access to CleverTap’s full stack retention platform, along with benefits worth US $100,000. Also, the programme offers networking opportunities with investors and industry leaders and 1:1 personalized mentoring sessions with CleverTap experts.

The accelerator will support ten startups annually, with five companies in each cohort, the company claims. The programme is intended to assist startups that are digitally native in personalizing and optimizing each customer touchpoint, as well as enhancing user engagement and conversion rates on their platforms. Additionally, the 1:1 mentoring sessions are made to help entrepreneurs and growth teams streamline their retention strategies and ensure that they align with their business goals.

Speaking about the accelerator program, Abhinay Jain, director product-led growth, CleverTap said, “We are thrilled to launch the CleverTap Retention Accelerator program. Through this initiative, we are committed to supporting small businesses and early-stage startups. The program offers the startups our expertise in crafting effective retention strategies. We recognize the importance of empowering startups to build a robust customer engagement and retention roadmap to drive sustainable business growth, and this accelerator is a step towards helping these startups scale.”

The CleverTap Retention Accelerator follows a scheduled timeline. There will be a call for applications in May–June 2023, encouraging potential participants to join the programme. The first participant cohort will be announced in July 2023. From July to December 2023, the selected cohort will collaborate closely with CleverTap and gain access to valuable mentoring sessions. Participants can improve their technical skills and platform knowledge in this collaborative environment.

Bajaj Finserv to invest ₹5000-Cr in Pune, create 40000 jobs

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June 5, 2023

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Bajaj Finserv Ltd and the Maharashtra government signed a Memorandum of Understanding (MoU) to jointly develop ₹5000 crores projects in Pune.

The MoU was signed by Harshdeep Kamble, Industry Secretary, Government of Maharashtra, and S Sreenivasan, Chief Financial Officer, Bajaj Finserv. Devendra Fadnavis, Deputy Chief Minister of Maharashtra, and Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv.

“We welcome the investment that Bajaj Finserv is making in the state of Maharashtra. We are proud of Bajaj group‘s association with Maharashtra and will provide all the necessary support for the development of this project,” said Devendra Fadnavis.

“We believe that growth should not come at the cost of the environment. Thus, in line with our ESG focus, the project is planned as a sustainable development one that meets the highest global standards of certifications with green solutions and a net-zero approach. We thank the government of Maharashtra for the continued support of our Group. Pune is and will continue to be a significant part of Bajaj Finserv’s growth journey,” said Sanjiv Bajaj.

According to the statement, Pune will continue to expand as a financial centre due to the Bajaj Finserv Campus project, which is expected to create 40,000 jobs.

Advanced connectivity and facilities for business will be provided by the project, which will get started in 2023. As new jobs and business possibilities are created for partners, vendors, suppliers, and contractors in and around Pune as well as globally, the development will have a positive impact on society and the economy, the statement added.

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