Established corporates are deepening their relationship with new-age startups by investing in them to participate in their innovation agenda.
Corporates such as Jindal Power, Amara Raja Batteries, and PETRONAS announced their investments into Indian startups like FuelBuddy and Log9 Materials on Monday to take the total funding to over $60 million.
Other developments during the day included Pine Labs acquiring a Bengaluru-based startup.
Meanwhile, the troubled GoMechanic is looking at a merger with Spinny, while sellers on Meesho’s platform are protesting against the new return policy of the social commerce unicorn.
D-NOME raises $1.5M in seed round
D-NOME, a synthetic biology startup, raised $1.5 million in a seed funding round…