daily roundup (Dec. 30, 2021)

Tango Eye raises $ 1 million in pre-series A directed by Lenskart

Tango Eye, an AI (artificial intelligence) retail company, raised $ 1 million in a pre-series A round led by Lenskart, the eyewear retailer backed by Temasek.

In June 2021, Lenskart launched its Vision Fund with the intention of investing around $ 20 million in eye care, omnichannel retail and eyewear, among other sectors.

Founded by Surender Gounder in 2018, Tango Eye converts CCTV video into actionable information. The Chennai-based company will use the funding to improve its product and hire people in technology and business development, which will drive growth.

EsportsXO Raises $ 1.1 Million From Mumbai Angel Network, We Founder Circle, And Others

EsportsXO, a tournament platform for gaming enthusiasts, raised $ 1.1 million in funding rounds from Mumbai Angel Network and We Founder Circle.

Hyderabad-based innovation fund SucSEED and Gurugram-based FAAD network, among other investors, also participated in the round.

Founded in 2020 by Vikas Goel, serial entrepreneur and angel investor, EsportsXO is a tournament discovery platform for gamers and gaming enthusiasts. Consumers can use the platform to publish and launch personalized tournaments, among other things.

EsportsXO will also build an esports metaverse of gamers and fans. It will also offer other services, including content, social media, merchandising, NFTs and e-learning.

News overview

CARS24 partners with Bajaj Finance Ltd. to provide financial services to used car buyers

Recent unicorn CARS24 has partnered with Bajaj Finance Ltd., which provides small loans, to attract potential used car buyers.

Thanks to this collaboration, Bajaj Finance Ltd. make it easier to finance used cars, which she said would be frictionless.

Vikram Chopra, co-founder and CEO, CARS24

The move comes as demand for used cars explodes. And to meet that demand, CARS24 raised $ 400 million from Alpha Wave Global (formerly known as Falcon Edge Capital), for a valuation of $ 3.3 billion.

As consumer demand for used vehicles skyrockets, the penetration of consumer finance in India’s used car industry is only around 15%, CARS24 said in a statement.

“This synergistic partnership promotes the idea of ​​used car financing to a wider audience. We believe that there is huge potential in the used car segment and that the right financial solutions will only help customers make the right decision when exploring this option, ”said Anup Saha, Dy. CEO, Bajaj Finance Ltd.

ITC collaborates with Invest India for single-use plastic substitutions, other

ITC Paperboards and Specialty Papers (PSPD), a manufacturer of paper, board and specialty papers, has collaborated with Invest India to launch the “ITC Sustainability Innovation Challenge”. This collaboration would support the ideas of startups on sustainable packaging solutions and smart waste management.

ITC PSPD invites startups to come up with smart, technology-based solutions to replace single-use plastics and automate the waste sorting process.

Startups selected for the ITC Sustainability Innovation Challenge will be offered incentives, including mentorship, paid pilot opportunities and certifications, at different stages of the process.

Autobot India creates academy for learning electric vehicles

Autobot India, which provides information on electric vehicles (EVs), created the Autobot Academy.

“We brought in the best EV experts from around the world to ensure an engaging learning experience integrated with cutting-edge technologies. There are seamless learning modes with hands-on projects and well-structured courses that offer specialization in one area to learners, ”Ashwini Tiwary, co-founder and CEO of Autobot India, said in a statement.

Managed by Autobot Engineers India Pvt. Ltd., Autobot India was founded by Ashwini Tiwary in 2017. The Pune-based company offers services as training solution, battery management system, product development and design, among others.