Indian Startup News Ep 66: Ola’s Hypercharger Network, India’s First 3D Printed House & Zomato IPO

This week in Indian Startup News, Ola to set up the world’s largest two-wheeler EV charging network, Tvasta builds India’s first 3D printed house, Zomato files for IPO, Indian startups fight against COVID19, CCI approves BigBasket-Tata deal, Lenskart acquihires DailyJoy and Instamojo acquihires Showman.

In funding news, OneWeb raises $550 million, Urban Company raises $190 million, upGrad raises $120 million, Stanza Living raises over $100 million, ElasticRun raises $75 million, Bizongo raises $51 million and LEAD School raises $30 million.

00:00 Introduction
00:36 Tvasta builds India’s first 3D printed house
01:45 Ola to set up the world’s largest two-wheeler EV charging network
03:51 Zomato files for IPO
07:05 Indian startups fight against COVID19
08:23 CCI approves BigBasket-Tata deal
08:47 Lenskart acquihires DailyJoy
09:17 Instamojo acquihires Showman
09:33 OneWeb raises $550 million
10:21 Urban Company raises $190 million
10:48 upGrad raises $120 million
11:35 Stanza Living raises over $100 million
12:00 ElasticRun raises $75 million
12:29 Bizongo raises $51 million
13:02 LEAD School raises $30 million

Ola to set up the world’s largest two-wheeler EV charging network: Ola is setting up the world’s largest two-wheeler EV charging network – Hypercharger Network. Their Hypercharger Network will consist of 100,000 charging points across 400 cities – expected to be completed in the next five years at an estimated cost of $2 billion. You will only be able to charge Ola’s electric scooters at their hypercharger network and they will be able to charge the electric scooters up to 50% in just 18minutes – giving a range of 75 km.

Tvasta builds India’s first 3D printed house: Tvasta, a startup by three IIT Madras alumni, has built India’s first 3D printed house. This is a 1 BHK house with a built-up area of 600 square feet. It demonstrates the ability of 3D printing in bringing down the time of building houses from 4-5 months to just 5 days but also reducing the cost by 20-30%.

Zomato files for IPO: Indian food delivery startup Zomato has filed for the IPO – on track to becoming the first Indian unicorn to go for IPO. Through the IPO, Zomato will be raising $1.1 billion - $1 billion in fresh offering and $100 million coming from Info Edge selling their shares.

Indian startups fight against COVID19: A bunch of Indian startups are working to fight the second wave of COVID19 – Delhivery is flying chargers to bring Oxygen concentrators into India, dating app TrulyMadly is using their matchmaking algorithm to match plasma donors with patients, NoBroker is organizing doorstep vaccination drives and MapmyIndia is installing free GPS devices in vehicles that are suppling essential medical equipment.

CCI approves BigBasket-Tata deal: CCI has approved the acquisition of BigBasket by Tata Digital – as Tata looks to build their own Super App.

Lenskart acquihires DailyJoy: Lenskart has acquihired Hyderabad-based grocery delivery startup DailyJoy to strengthen their Hyderabad tech centre.

Instamojo acquihires Showman: Instamojo has acquihired vernacular content startup Showman to strengthen their tech and product capabilities.

OneWeb raises $550 million: Satellite internet company OneWeb has raised $550 million from Eutelsat Communications after launching 36 more satellites into space. The company now has 182 out of 648 satellites in space for their constellation.

Urban Company raises $190 million: On-demand home services provider Urban Company has raised $190 million at a $2 billion valuation – making it India’s 11th unicorn this year.
upGrad raises $120 million: Edtech startup upGrad has raised $120 million from Singapore’s Temasek in their first external funding round.

Stanza Living raises over $100 million: Student housing startup Stanza Living has raised more than $100 million in a round led by Falcon Edge.

ElasticRun raises $75 million: ElstaicRun has raised $75 million in a round led by Avataar Ventures and Prosus Ventures to help neighbourhood stores in securing working capital and inventory.

Bizongo raises $51 million: B2B platform for packaging products Bizongo has raised $51 million in their Series C round to expand into the Southeast Asian markets.

LEAD School raises $30 million: Edtech startup LEAD School has raised $30 million in a round led by GSV Ventures and WestBridge Capital.

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