Welcome back to TechMantras!

Your one-stop guide for information on the Indian startup Ecosystem.

Every week, I consume various articles on the Indian startup ecosystem, and deliver exciting metrics and developments through a quick read.

Spotlight of the week 💡 

India uses AI and facial recognition to weed out 3.6 Million fraudulent numbers

Union Minister Ashwini Vaishnaw said that through the use of the tool ASTR was deployed to scour 87 Crore accounts in its first phase.

To process such large data, the government used the Param-Siddhi super computer.

This week’s tea ☕️

• 18 startups raise over $165 Million 

• Swiggy achieves profitability - Read more on it’s journey to join a select few players worldwide who have achieved this feat.

1. 🔗 Link: Bengaluru-based Data and Insights platform raises $4 Million

• PYOR said it will use the funds to improve their core infrastructure and expand hiring in various positions to improve their product base.

• Their principal aim is to provide key metrics on digital assets through a desktop interface.

In other news, A Data-assurance platform Mithi software has also raised $500,000

2. 🔗 Link: Sportstech startup raises Rs430 Cr.

This is one of the largest debut funding rounds for a startup in India.

The founding team, comprising PUMA India’s top executives, said they aim to make an direct impact on India’s core sports fabric and ecosystem, from manufacturing to retail and technology.

3. 🔗 Link: Gaming startup raises $16 Million.

• Rooter has also previously raised $46 Million, which included a $25 Million Series A.

• The company has a 60 Million user base, and aims to cover India’s sizeable gaming audience, with creator content available across 10 languages.

And that’s all for today friends! Thanks for reading, and I would love to hear your thoughts.

As always, feel free to reach out to me on LinkedIn or Twitter!

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