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Catch the latest in tech innovation and entrepreneurial ventures. Explore our curated news updates for insights into the startup ecosystem.

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DriveU Acquires DriversKart

India’s largest on-demand driver service for private cars consolidates its dominant position and offers a compelling urban private transport alternative 05 May 2017, Bengaluru. Our investee, DriveU, India’s first and largest on-demand driver aggregator acquired Chennai-based DriversKart, an on-demand driver-service...
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How Unitus Ventures’s portfolio firms fared in 2016

Impact investment firm Unitus Ventures has been doing a laudable job if its latest annual report is anything to go by. The portfolio companies of Unitus, which has fully committed its first fund, clocked a 123% jump in their revenues...
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Quarterly Updates from Unitus Ventures

3 portfolio companies raised series A/B. 1 was acquired. 95% YoY impact growth for Unitus Ventures.  More than half of Unitus Ventures’s portfolio companies have raised Series A and B in funding – Here’s how “The opportunity at the base of the pyramid...
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PickMyLaundry acquires OneClickWash in an all-cash deal

Both the companies will continue to run as separate entities. 03 April, 2017, Bengaluru. Bengaluru-based on-demand laundry service provider PickMyLaundry has acquired Gurgaon-based OneClickWash, a subscription-based laundry firm, in an all cash deal. Both the companies will continue to run...
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Investee Spotlight: DriveU – An on-demand driver service for over 25 million private vehicles in India

The glory days of popular cab-aggregators Uber and Ola seem to be fading fast. Both the companies which once lured drivers, making them take hefty bank loans for purchasing brand-new cars, are now facing severe backlash with ongoing strikes and...
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What can AI healthcare startups learn from the recent IBM Watson-Anderson fallout?

Four years ago, MD Anderson, global pioneers in cancer care announced collaboration with IBM Watson to power ‘Moon Shots’ – a mission aimed at ending cancer by using the former’s cognitive computing system. The ambitious system, ‘IBM Watson powered Oncology...
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Unitus Ventures Records 95% YoY Impact Growth in 2016

Investments impacted over 842,000 BoP lives with education, healthcare, financial services and livelihoods 21 March 2017, Bangalore: Unitus Ventures, India’s leading impact venture fund investing in early-stage startups innovating for the masses, today released its annual fund and portfolio impact...
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‘Local Logistics Startup’ Blowhorn Raises Series A Funding

Raised USD $3.65 mn from IDG Ventures, Michael & Susan Dell Foundation, Draper Associates and Unitus Ventures to expand to 8 cities by 2019. Bangalore, India, March 7, 2017. Intra-city logistics startup Blowhorn has raised USD $3.65 mn (INR 25...
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Seed-funding Enterprises is where our Heart is

Unitus Ventures is in the process of raising a second fund of about ₹300 crore ($45-50 million), more than the double its first fund of ₹125 crore ($23 million), which has either been fully invested or committed. Unitus hopes to...
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InsurTech – FinTech’s Next Frontier: Can It Insure a Billion People?

According to a global quarterly report by KPMG, last year, USD $24.7 billion was invested in FinTech companies across the globe. India too has witnessed a flurry of venture capital investments, particularly in the areas of SME lending, P2P lending, mobile...
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Unitus Ventures is now Capria India

Unitus Ventures, a leading venture capital firm in India, is joining forces with its US affiliate Capria Ventures, a Global South specialist, to operate with a unified global strategy under a single brand, Capria Ventures.