4 Tesla Models Approved in India | Plant-Based Smart Air Purifier | US IPO: ReNew Power & Freshworks

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This week in Indian Startup News, ReNew Power lists in the US via SPAC, Freshworks files for IPO in the US, Zerodha gets approval to launch mutual fund, Indian startup develops plant-based smart air purifier, 16 Indian startups feature in Y Combinator’s S21 batch, Tesla gets approval for four electric car models in India and Scaler Academy acquires Coding Elements.

In funding news, Skit raises $23 million, Digit Insurance raises ₹121 crore and Indiagold raises $12 million.

00:00 Introduction
00:14 ReNew Power lists in the US via SPAC
01:36 Freshworks files for IPO in the US
02:27 Shoutout to sponsor
04:41 Zerodha gets approval to launch mutual fund
06:16 Indian startup develops plant-based smart air purifier
07:27 16 Indian startups feature in Y Combinator’s S21 batch
09:07 Tesla gets approval for four electric car models in India
10:07 Scaler Academy acquires Coding Elements
10:43 Skit raises $23 million
11:21 Digit Insurance raises $16.5 million
11:54 Indiagold raises $12 million

ReNew Power lists in the US via SPAC: India’s largest renewable energy company (in terms of operational capacity – 5 GW) listed on NASDAQ on 24th August after merging with SPAC (Special Purpose Acquisition Company) RMG Acquisition Corporation II (RMG II).

Freshworks files for IPO in the US: Indian SaaS giant Freshworks has filed for an IPO in the US as it plans to raise $100 million.
Zerodha gets approval to launch mutual fund: India’s largest stockbroking platform Zerodha has secured an in-principle license from Sebi to set up an AMC and launch their own mutual funds.

Indian startup develops plant-based smart air purifier: Indian startup Urban Air Laboratory has developed a plant-based smart air purifier that can improve the air quality of a room within just 20 minutes. Their smart air purifier is called ‘Ubreathe Life’ and it works by simply amplifying the bio-filtration process that takes place in plants to release Oxygen at a quicker pace.

16 Indian startups feature in Y Combinator’s S21 batch: Out of 377 startups in Y Combinator’s S21 batch, 16 were from India. Some of the interesting startups include Rivia.AI, Ivy Homes, Marketfeed, Gobillion and Stack.

Tesla gets approval for four electric car models in India: EV giant Tesla has received the approval to launch four electric car models in India but it might be a while before you could see Tesla’s electric cars in India as Elon Musk feels that import duties for electric cars is too high in India and they are in talks with the government to get some relief.

Scaler Academy acquires Coding Elements: Edtech startup Scaler Academy, which offers online computer science courses for students and professionals to secure better jobs, has acquired online coding platform Coding Elements in an all cash deal worth $1 million to expand their course portfolio and reach new users.

Skit raises $23 million: Conversational AI startup Skit (previously known as Vernacular AI) has raised $23 million in a round led by WestBridge Capital.

Digit Insurance raises $16.5 million: Online insurance startup Digit Insurance has raised $16.5 million in a round led by TVS Shriram Growth Fund.

Indiagold raises $12 million: Gold-based lending startup Indiagold has raised $12 million in a round led by PayU and Alpha Wave Incubation.

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