Startup news and updates: daily roundup (March 22, 2024)

Funding

Loan services app Yenmo bags $500K from Y-Combinator

Loan services app Yenmo has received $500,000 in its latest funding round led by Y-Combinator. With Yenmo, investors can view all their investments in real time, select the assets they wish to borrow against, and receive funds directly into their bank accounts. This allows their investments to continue growing for the long term while fulfilling immediate financial needs effortlessly, said the company in a statement.

Other news

UK fashion brand NEXT partners with Myntra

Ecommerce firm Myntra has bagged the distribution and management rights for UK-based fashion brand. The association allows Myntra Jabong Pvt Ltd, Myntra's B2B wholesale entity, the right to distribute NEXT’s range of products. Myntra will also set up stores in India for NEXT.

Around 8-10 outlets are being planned across Delhi, Mumbai and Bengaluru within the first couple of years of operations.

Union Living to launch 500 beds across Mumbai and Pune

Co-living startup Union Living is adding 500 beds through its build-to-suit co-living properties in Mumbai and Pune.

"Build-to-suit properties offer superior space utilisation and custom-designed layouts, enhancing functionality and efficiency. Such properties can accommodate additional amenities and features that enhance the overall user experience," said Rishabh Soni, Co-founder of Union Living.

Garuda Aerospace launches border patrol surveillance drone

Garuda Aerospace has unveiled Trishul, its premier border patrol surveillance drone, offering functionalities for monitoring, analysis, and facilitating people movement, the company said.

“Trishul makes way for uninterrupted access to critical real-time information and enables prompt decision-making. We are excited about this new launch and look forward to innovating to introduce more products that are category-defining,” Agnishwar Jayaprakash, Founder and CEO of Garuda Aerospace, said.

Garuda said Trishul's utility extends beyond border patrol and can be used during natural disasters, emergencies, and the surveillance of suspicious activities. 

It is equipped with a range of sensors including high-definition cameras, infrared cameras, LIDAR, and radar.