January 8, 2025
Electric tractor startup Moonrider has raised $2.2 million in seed funding, led by AdvantEdge Founders and Micelio Technology Fund. Founded in 2023, the Bengaluru-based company develops cost-effective, climate-friendly tractors with proprietary battery technology. With 75% lower operating costs, Moonrider aims to transform farming while advancing sustainable mechanization globally.
January 8, 2025
EMO Energy, a deep-tech startup revolutionizing EV charging, has raised $6.2M in Series A funding led by Subhkam Ventures. The funds will expand battery and charger deployment, enabling 20-minute recharges for electric two- and three-wheelers. With top clients like BigBasket, EMO aims to double revenues by March 2025.
January 8, 2025
Bengaluru-based Oben Electric has raised $6 million in Series A funding to expand its EV operations nationwide. The funds will support over 100 showrooms and 50 service centers across India by 2026. Known for its flagship electric motorcycle, Rorr, Oben aims to become a global EV powerhouse by 2025.
January 7, 2025
Vinay Hiremath, an Indian-origin entrepreneur and co-founder of Loom, sold his startup to Atlassian for $975 million in 2023. Despite this significant achievement, Hiremath has expressed uncertainty about his future endeavors, sharing his thoughts in a candid blog post.
January 7, 2025
Mayank Kumar, co-founder of upGrad, and Ayush Mathur, a former OYO executive, have launched BorderPlus, a platform connecting skilled Indian professionals to international job opportunities. Starting with the German healthcare sector, BorderPlus offers comprehensive training programs, including language and cultural preparation, while planning expansion into the US, UK, and Japan.
January 7, 2025
Hospitality giant OYO has secured ₹550 crore ($65 million) from founder Ritesh Agarwal's Redsprig Innovation, raising its valuation to $3.79 billion. The funds will support global expansion, strategic growth, and corporate objectives. With profitability in FY24 and disciplined cost management, OYO is strengthening its position ahead of a potential IPO.
January 6, 2025
Hindustan Unilever Limited (HUL) is reportedly in advanced discussions to acquire Jaipur-based skincare startup Minimalist for approximately ₹3,000 crore ($350 million). Founded in 2020 by brothers Mohit and Rahul Yadav, Minimalist has gained prominence for its ingredient-focused skincare products and has demonstrated significant financial growth, with revenues nearly doubling from ₹184 crore in FY23 to ₹350 crore in FY24. The acquisition aligns with HUL's strategic focus on high-growth segments within the beauty and personal care industry.
January 6, 2025
Accel has closed its $650 million India Fund, marking its eighth such fund in the region. The global VC firm will focus on investing in early-stage startups across artificial intelligence, consumer brands, fintech, and manufacturing. With a proven track record of identifying winners like Flipkart and Swiggy, Accel’s latest fund reinforces its commitment to fostering innovation.
January 3, 2025
Clueso, a Y Combinator-backed startup, revolutionizes SaaS training by transforming raw screen recordings into polished, AI-enhanced instructional videos and documentation. Founded by IIT Madras alumni, the platform streamlines content creation with branding, animations, and multilingual support, offering scalable solutions for businesses seeking efficient and professional-grade training tools.
January 3, 2025
Aye Finance, an Indian NBFC specializing in MSME lending, has secured ₹110 crore in debt funding ahead of its planned ₹1,450 crore IPO. Co-founded by Sanjay Sharma and Vikram Jetley in 2014, the company leverages technology and innovative credit models to bridge the credit gap for underserved micro-enterprises. This funding will enhance its lending capacity, reflecting strong investor confidence as it prepares to expand its reach and impact on India's MSME sector.
January 3, 2025
Balmer Lawrie & Co. Ltd., a leading PSU under the Ministry of Petroleum and Natural Gas, has announced a ₹1 crore equity investment in NapTapGo, a Noida-based pod hotel startup. Founded by Nitin Malhotra, NapTapGo aims to revolutionize affordable luxury in hospitality with AI and IoT-powered capsule accommodations. This strategic funding, part of Balmer Lawrie's annual startup programme, highlights the PSU’s commitment to fostering innovation in alignment with the government's Startup India initiative.
January 2, 2025
EaseMyTrip CEO Nishant Pitti has resigned, passing the leadership baton to co-founder Rikant Pittie. This transition coincides with diversification efforts into study tourism and EV manufacturing. However, profitability challenges loom, with a 45% profit drop in Q2 FY24. Rikant's leadership will be pivotal in steering future growth and operational efficiency.
January 2, 2025
CARS24 has elevated Himanshu Ratnoo to CEO of its Used Cars India division. Ratnoo, a 2020 joiner, will spearhead strategic growth initiatives like franchising and luxury car transactions. This leadership move underscores CARS24's ambition to solidify its dominance in India's pre-owned vehicle market and enhance its operational efficiency.
December 31, 2024
Guestara, a Gurugram-based AI-powered guest management platform, raised $500K in pre-seed funding led by Sanjay Ghare. Founded by CEO Akshay Dekate the startup enhances hotel operations and guest satisfaction through features like contactless check-ins and personalized upselling. Guestara targets onboarding 2 million rooms globally, revolutionizing hospitality with advanced technology.
December 31, 2024
Pristyn Care’s revenue surged 33% to ₹601 crore in FY24, driven by growth in healthcare services and D2C product sales. Despite steady losses of ₹381 crore, the surgery-focused chain plans to achieve 35% business growth in FY25 and launch an IPO within three years, signaling its ambitious expansion strategy.
December 30, 2024
Logistics SaaS leader Shiprocket has secured $26 million in a Series E funding extension, valuing the firm at $1.21 billion. With notable investors like KDT Ventures and MUFG Bank onboard, the funds are set to propel technology upgrades and market expansion, although profitability remains a key challenge.
December 30, 2024
Leanworx, a Bengaluru-based Industry 4.0 startup, raised ₹8.3 crore in seed funding led by YourNest Venture Capital. The funds will drive marketing, product development, and expansion in Southeast Asia. Leanworx’s AI-powered IoT solutions optimize manufacturing efficiency by providing real-time machine insights, addressing critical inefficiencies in machine utilization and operational productivity.
December 30, 2024
Ola Electric's CMO Anshul Khandelwal and CTO Suvonil Chatterjee have resigned amidst ongoing company restructuring. Both played key roles in marketing and product development. The departures highlight challenges despite Ola's strong growth, including a 38.5% revenue rise in Q2 FY25. Restructuring impacted 12% of staff, raising questions about leadership stability.
December 27, 2024
Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, cautioned against the glamorized portrayal of startups, labeling it as “startup romance.” Through a viral post, she highlighted the harsh realities of entrepreneurship, such as limited budgets, constant rejection, and prolonged uncertainty. While the post garnered mixed reactions, many resonated with her candid depiction of the unfiltered startup journey, stressing the disparity between social media’s rosy narrative and real-world struggles.
December 27, 2024
Zomato has achieved a landmark accomplishment by becoming the first Indian startup to be included in the BSE Sensex, replacing JSW Steel in the index as of December 23, 2024. This development highlights Zomato's robust financial performance, with a 389% YoY profit surge in Q2 FY25 and its significant market capitalization of ₹2.64 trillion. Analysts predict inflows of $513 million as index funds adjust portfolios, reinforcing Zomato’s rising prominence in the market.
December 26, 2024
Logistics firm Leap India raises $63 million in a KKR-led funding round, valuing the company at $600 million. The capital will enhance operations as the company expands its supply chain solutions across e-commerce and consumer sectors. Other investors include Sixth Sense, First Bridge, and Madhurima International.
December 26, 2024
Sparkl Edventure, an edtech platform focusing on personalized online tutoring for IB and Cambridge curricula, has raised $4 million in seed funding led by Zomato’s Deepinder Goyal and Zerodha’s Nithin Kamath. The funds will drive teacher recruitment, AI integration, and expansion into test prep, addressing gaps in India’s international education market.
December 24, 2024
The Circle: Founders Club led a delegation of Indian startups to COMEUP 2024, South Korea’s flagship global startup event. Representing sectors like AI, IoT, and influencer marketing, the startups participated in pitch competitions and networking with international investors, corporates, and accelerators. Backed by DPIIT and Startup India, the initiative fostered strategic collaborations and introduced Indian startups to South Korea’s innovation ecosystem, enhancing their global expansion opportunities.
December 24, 2024
A Reddit post by a successful Indian startup founder has sparked debate by urging high earners to leave India, citing systemic issues like excessive taxation, corruption, and inadequate infrastructure. The entrepreneur highlighted challenges such as bureaucratic red tape, regional discrimination, and lack of civic responsibility, calling for professionals to seek better opportunities abroad. The post has drawn both support and criticism, with some agreeing on the systemic flaws while others emphasized the importance of contributing to India’s progress.
December 23, 2024
Bengaluru-based Velocity has announced a ₹200 crore fund for 2025 to fuel the growth of restaurants and cloud kitchens in India. The fund aims to support F&B brands with cash-flow-based financing for scaling operations, managing capital expenses, and tapping into India’s rapidly growing food delivery and dining-out market.
December 23, 2024
Zetwerk Manufacturing raised $90 million, elevating its valuation to $3.1 billion. The funding, led by Khosla Ventures and Baillie Gifford, will fuel expansions in renewables, aerospace, and electronics. Zetwerk’s innovative platform has driven a 35% GMV growth, cementing its leadership in contract manufacturing with increasing global market contributions.
December 23, 2024
ClimateTech startup Fitsol has raised $1 million in seed funding led by Transition VC. Founded in 2022, Fitsol leverages AI to help manufacturers measure and reduce carbon emissions, with a focus on Scope 3. The funds will enhance its AI platform, expand teams, and support entry into Middle Eastern markets.
December 20, 2024
SanchiConnect, in partnership with YourNest Venture Capital, has launched India’s largest DeepTech accelerator, investing ₹48 crore across eight transformative startups. Through the Velocity Accelerator Program, companies like Induz, LeanWorx, and Think Metal are driving innovation in AI, 3D printing, and logistics. Beyond funding, the program offers expert mentorship, go-to-market strategies, and immersive bootcamps to equip startups for global success. This initiative underscores India’s rising status as a hub for cutting-edge technology and economic growth.
December 20, 2024
India Accelerator has unveiled its 2025 Cohort, pledging $8-10 million to support 30-35 startups in transformative sectors like autonomous drones, Generative AI, and sustainable mobility. Beyond funding, the program offers tailored go-to-market strategies, mentorship, and industry partnerships, aiming to drive impactful innovation in India’s thriving startup ecosystem.
December 19, 2024
The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with HDFC Bank to empower India's startup ecosystem. This collaboration aims to provide startups with tailored financial solutions, mentorship programs, and networking opportunities. HDFC Bank will offer credit access, working capital loans, and cash flow management tools, while also organizing workshops and capacity-building initiatives to enhance startup resilience. By leveraging HDFC Bank’s extensive network, startups will gain funding access and market visibility. This partnership is set to drive innovation, foster scalability, and strengthen India’s position as a global startup hub, reflecting a joint commitment to nurturing entrepreneurship and economic growth.
December 19, 2024
Curie Money, a Bengaluru-based fintech startup, has raised $1.2 million in seed funding led by India Quotient. The startup combines mutual fund investments with traditional savings accounts, offering users up to 7.3% annual returns while maintaining instant payment capabilities. With partnerships like YES Bank and ICICI Prudential Mutual Fund, and approval from NPCI to offer UPI services, Curie Money aims to revolutionize banking. The funds will fuel product development, team expansion, and growth into current accounts and MSME markets, solidifying its position in India’s dynamic fintech ecosystem.
December 18, 2024
Zingbus, a leading intercity bus startup, has secured USD 9 million in funding from BP Ventures. Led by founders Prashant Kumar and Siddhant Jain, Zingbus aims to leverage this investment to upgrade operations, scale services, and meet rising demand, positioning itself as a key player in India’s mobility landscape.
December 18, 2024
Mili, an AI-driven meeting assistant platform for wealth management firms, has raised $2 million in seed funding led by Chiratae Ventures and BoldCap. Founded by CEO Chirag Gandhi in early 2024, Mili aims to streamline workflows by offering secure, real-time AI assistance that integrates seamlessly with existing systems.
December 16, 2024
Ninjacart has introduced the Ninjacart Startup Program to support early-stage FoodTech and AgTech startups. The program offers access to Ninjacart's advanced supply chain tools, mentorship, and financial credits up to $50,000. Startups can pitch to top VC partners, including Syngenta Group Ventures and Base Capital, at a Demo Day in February 2025. Designed for startups innovating in food supply chains, the initiative aims to accelerate growth and profitability, with applications now open on Ninjacart's official website.
December 16, 2024
SolarSquare, co-founded by Neeraj Jain, Nikhil Nahar, and Shreya Mishra, has secured $40 million in a Series B round led by Lightspeed Venture Partners and Elevation Capital. The largest solar venture funding in India to date, the investment will fuel the company’s expansion into 50 cities, enhance its tech platform, and boost workforce capabilities. SolarSquare aims to simplify rooftop solar adoption with end-to-end solutions, including financing and after-sales maintenance, as India pursues ambitious renewable energy targets.
December 10, 2024
Netrasemi, a Thiruvananthapuram-based semiconductor startup, has raised ₹10 crore in a pre-Series A funding round led by Unicorn India Ventures. The funds will drive the development of cutting-edge AI/ML-enabled system-on-chips (SoCs) like Netra A2000 and Netra R1000, designed for edge AI applications in IoT devices. Founded in 2020 by Jyothis Indirabhai, Sreejith Varma, and Deepa Geetha, Netrasemi aims to transform industries like medical, telecom, and robotics with cost-effective, high-performance chips. With projections of 150% revenue growth by FY25, this funding marks a significant step toward positioning India as a leader in semiconductor innovation.
December 9, 2024
Bengaluru-based startup Swish is under fire for hiring people as "human ads" to promote its 10-minute food delivery service. While some praise the creative advertising strategy, others criticize it as dehumanizing and exploitative. This comes on the heels of Swish's controversial 10-minute delivery promise, raising concerns about food quality and delivery safety. The debate highlights the fine line between innovation and ethics in modern advertising.
December 6, 2024
NODWIN Gaming has received a ₹64 crore investment from parent company Nazara Technologies to accelerate its expansion, enhance its IP portfolio, and strengthen its presence in emerging markets.
December 5, 2024
WickedGud, founded by Bhuman Dani, has raised ₹20 crore in a funding round led by Orios Venture Par The investment aims to enhance the distribution and development of the brand's healthier snack alternatives, including noodles and pasta, aligning with its mission to "unjunk" India.
December 5, 2024
The Indus Valley, a Chennai-based D2C kitchenware startup founded by Madhumitha Udaykumar and Jagadeesh Kumar, has raised ₹23.1 crore in a pre-Series A round led by DSG Consumer Partners. This investment aims to expand their range of toxin-free, natural material cookware, catering to India's growing demand for healthier kitchen solutions.
December 4, 2024
Pathway, co-founded by CEO Zuzanna Stamirowska, has secured $10 million in seed funding to advance its live AI systems, which process and learn from data in real time. This investment, led by TQ Ventures, highlights the company's potential to revolutionize real-time data processing for organizations managing complex and sensitive information.
December 3, 2024
Nazara Technologies, led by founder and CEO Nitish Mittersain, is investing ₹196 crore to expand its gaming and entertainment portfolio. Key moves include acquiring a majority stake in Funky Monkeys Play Centers, investing in AI-driven LearnTube.ai, and strengthening subsidiaries Nodwin Gaming and Sportskeeda, reinforcing their position in the industry.
December 3, 2024
Founded in 2017 by Surya Rao, Hyderabad-based Althion develops affordable, innovative medical equipment, including IoT-enabled ultra-pure water systems for dialysis and laboratories. With recent funding of Rs 3.6 crore, Althion plans to scale operations and expand into international markets, exemplifying the impact of technology-driven healthcare solutions.
November 28, 2024
Earth Rhythm’s journey from a sustainable startup to a leader in clean beauty gains momentum with Nykaa’s majority acquisition. This partnership promises to scale the brand's innovation, expand its reach, and redefine eco-friendly personal care in India.
November 27, 2024
BitSave, founded in 2022 by Zakhil Suresh and his team, secured pre-Series A funding led by Leo Capital. The Bengaluru-based platform offers diverse crypto investment products, such as the BGCI Crypto Index and hybrid portfolios, designed to simplify and secure investments for professionals and HNIs while expanding across Asia.
November 27, 2024
Ukhi, founded by Priyanka Chauhan, Vishal Vivek, and Sundeep Kumar Tyagi, is transforming agricultural waste into biodegradable packaging solutions. With recent funding led by 100Unicorns and participation from industry veterans, the startup is poised to scale its operations, offering eco-friendly alternatives to traditional plastics and supporting sustainable practices worldwide.
November 22, 2024
CredFlow has raised $3.7 million in pre-Series B funding led by Inflexor Ventures. The funds will accelerate its lending arm, CredFlow Finance, and scale its SME-focused solutions, including KuberX, a credit-scoring app. With this strategic investment, CredFlow is poised to transform financial management for SMEs in India.
November 21, 2024
Locad, a Singapore-based logistics startup founded by Constantin Robertz, Jannis Dargel, and Shrey Jain, has raised $9 million in a pre-Series B round to accelerate its global expansion and enhance AI-driven logistics capabilities, aiming to revolutionize supply chain management for consumer brands worldwide.
November 21, 2024
Doodhvale Farms, co-founded by Aman J. Jain, has raised $3 million in a funding round led by Atomic Capital, founded by Jack Abraham. This investment aims to enhance Doodhvale's distribution, product range, and technology, reinforcing its commitment to delivering fresh, pure dairy products across India.
November 20, 2024
Indian fashion brand Beyoung, founded by CEO Shivam Soni, has partnered with Middle Eastern e-commerce platform Noon.com, established by Mohamed Alabbar and led by CEO Faraz Khalid, to enter the UAE, Saudi Arabia, and Egypt markets. This strategic collaboration aims to make affordable, premium fashion accessible to a broader audience, aligning with Beyoung's global expansion plans.
November 20, 2024
Rio Money, in collaboration with YES BANK and NPCI, has launched a UPI app alongside the YES BANK Rio RuPay Credit Card, aiming to integrate credit facilities with UPI transactions. This initiative seeks to enhance financial inclusion, particularly in Tier 2 and Tier 3 cities, by offering accessible and efficient digital payment solutions.
November 19, 2024
Bollywood star Ranveer Singh and entrepreneur Nikunj Biyani introduce 'SuperYou,' a protein food brand revolutionizing snacking in India. Featuring the country’s first protein wafer bar, SuperYou offers 10 grams of protein, zero added sugar, and bold flavors. Backed by Think9 Consumer, the brand aims to make health-focused nutrition accessible and enjoyable.
November 18, 2024
WTFund and Nazara Technologies have invested ₹2 crore in Indian gaming startups Norian Games and Xigma Games. Led by visionary founders, these studios are redefining Indian gaming with immersive titles like Aldian of Ancients and Rubek. This funding marks a milestone, showcasing the rising global potential of India’s gaming industry.
November 18, 2024
TagZ Foods, renowned for its air-popped, guilt-free snacks, has been acquired by Reliance Retail for ₹28 crore. From its Shark Tank India debut to redefining snacking, TagZ’s journey exemplifies startup success. With Reliance’s backing, the brand is set to expand its reach, driving a healthier snacking revolution in India.
November 15, 2024
Leo Capital has led a $3 million funding round in Zeplyn, a SaaS startup focused on enhancing enterprise efficiency. This investment highlights growing venture interest in SaaS solutions that streamline operations and drive productivity. With the new funding, Zeplyn plans to accelerate product development and expand its market reach, catering to businesses seeking digital solutions for optimized workflows.
November 14, 2024
Ennoventure, a brand protection startup, has raised $8.9 million in Series A funding led by Tanglin Venture Partners. Using AI and blockchain, Ennoventure’s invisible signature technology allows for quick product authentication through simple scans. Already active in industries like pharma and FMCG, the startup aims to enhance its platform and expand its global reach, offering brands a powerful defense against counterfeiting in today’s fast-paced market.
November 13, 2024
Funstop Games, a prominent gaming studio, has raised $5 million in a Series A funding round led by 360 ONE Asset, with participation from InfoEdge Ventures. Founded in 2020 by Prashanth Vijay and Tamesh Sharma, the company has generated $4 million in revenue and developed over 30 games. Popular titles such as Airport Rush and Perfect Time have driven the studio’s success, amassing over 75 million downloads and contributing to a global total of 100 million. With new funding, Funstop aims to enhance its ad-tech capabilities, expand its game portfolio, and focus on the spiritual gaming segment to bring Indian storytelling to a global audience.
November 12, 2024
Odisha-based startup Bon V Aero has launched Air Orca, India’s first fully autonomous logistics drone, to revolutionize logistics and emergency response. Capable of carrying a 30 kg payload, Air Orca operates efficiently in extreme terrains, outperforming helicopters at high altitudes like Umling La. Backed by venture capitalist Tim Draper, the drone is designed for diverse applications across healthcare, e-commerce, military, and disaster management.
November 12, 2024
Wheelocity, a Chennai-based startup, has pivoted to rural e-commerce, targeting India’s underserved semi-urban and rural markets. Founded by Selvam VMS in 2021, the company uses a unique “phygital” model, combining an app with a fleet of 1,000 electric vehicles for daily doorstep deliveries. Operating in 3,500 villages, Wheelocity plans to expand to 20,000 villages across southern India, aiming to reach 10 million consumers. Backed by Lightspeed, the startup recently raised $15 million to scale its operations and grow its electric fleet.
November 11, 2024
Equal, a Hyderabad-based startup, has raised $10 million in Series A funding to tackle India’s rising cyber fraud. Co-founded by Keshav Reddy and Rajeev Ranjan, Equal offers identity verification and financial data-sharing solutions, serving major clients like SBI, HDFC, and Reliance Jio. With over 350 customers, the startup plans to scale its operations and expand its product offerings.
November 11, 2024
Starkenn Technologies, founded in 2022 by brothers Sumedh Badve and Swastid Badve, is revolutionizing vehicle safety in India with its Advanced Driver Assistance Systems (ADAS). The Pune-based startup offers solutions like Brake-Safe, Attention, and Stark-I, which enhance driver safety and reduce accidents. Recognized by the DPIIT, Starkenn has deployed its technology in over 2,500 vehicles, serving industries such as mining and logistics. The company plans to expand its reach in the commercial fleet and logistics sectors, aiming to become a leading indigenous ADAS provider.
November 8, 2024
Delhi-based startup Enlog has raised ₹1.75 crore in a funding round led by Vinners to expand its AI-powered energy management and IoT solutions. Founded in 2019 by Bharath Rankawat and Jharna Saha, Enlog helps businesses optimize energy use and reduce carbon footprints. With over 15,000 users and key partnerships in sectors like hospitality, Enlog plans to expand to major Indian metro cities and triple its revenue by 2025.
November 8, 2024
EMotorad, India’s leading e-mobility brand, has surpassed its FY24 domestic sales in the first half of FY25, with September 2024 marking its highest-ever monthly revenue. The company’s growth is fueled by strategic expansion, including 12 new experience stores and partnerships with over 550 dealers nationwide. EMotorad is on track to achieve over 200% year-on-year growth, reflecting the rising demand for sustainable mobility solutions.
November 7, 2024
Indian startups are optimistic about stronger US-India business ties and increased funding under Trump’s presidency. His anti-China stance may divert US investments toward India, benefiting sectors like AI and semiconductors. However, concerns remain over inflationary impacts and potential rate hikes. With JD Vance as Vice President, the startup ecosystem expects a supportive stance for tech growth and innovation
November 7, 2024
MOOEV Technologies, an electric vehicle startup, has raised ₹4 crore in seed funding led by Bizdateup, with support from Inflection Point Ventures and Spectrum Impact. Founded in 2021, MOOEV focuses on electrifying heavy-duty freight fleets, offering engineering and operational solutions. The funds will be used to deploy 15 electric trucks and expand high-voltage charging infrastructure. Based in Chennai, the company is collaborating with major corporates and plans to grow its EV Fleet-as-a-Service and EV Charge-as-a-Service offerings.
November 6, 2024
GalaxEye, an Indian space tech startup, has raised $10 million in Series A funding, supported by strategic investors including MountTech Growth Fund - Kavachh, chaired by former Defence Secretary Ajay Kumar. Founded in 2021, GalaxEye is preparing for the 2025 launch of its first multi-sensor satellite to advance Earth observation and disaster monitoring. The funding will bolster GalaxEye’s operations, as India’s private space sector continues its record-breaking growth.
November 21, 2024
Marut Dronetech, a Hyderabad-based drone startup, has raised $6.2 million in Series A funding from Lok Capital. Founded in 2019, Marut focuses on using drones for agriculture, healthcare, and rural development. The funds will be used to develop advanced agricultural drones, expand service centers in Tier 2 and 3 cities, and establish Drone-as-a-Service hubs. Marut aims to scale its operations, with a five-year revenue target of ₹1,000 crore and plans to manufacture 3,000 drones annually, supporting its mission to drive sustainable growth and entrepreneurship in rural India.
November 5, 2024
Hala Mobility, a Hyderabad-based EV-as-a-service startup, has raised ₹51 crore in a pre-Series A round led by its founders and notable investors. Founded in 2020, Hala provides EV management solutions primarily for e-commerce and gig workers. The new funding will drive expansion into six additional cities and the deployment of 10,000 electric vehicles by next year, furthering Hala’s mission to support sustainable urban mobility across India.
November 5, 2024
The Samarth 2024-25 Workshop, organized by Pusa Krishi and the Ministry of Agriculture and Farmers Welfare, aims to empower India’s agri-business incubators. Scheduled for November 6-7 at NASC Complex, New Delhi, the workshop brings together Knowledge Partners, industry leaders, and policymakers to support RKVY RAFTAAR incubators. Through focused sessions and collaboration, the event will equip incubators with essential resources to drive sustainable innovation and growth in India’s agricultural sector.
November 4, 2024
India's food and grocery delivery giant, is set to go public on November 6, aiming for an $11.3 billion valuation—a decrease from prior estimates. This IPO arrives amid mixed investor sentiment, with a grey market premium trading at a modest 5% above the price band. Swiggy aims to raise ₹11,327 crore, blending fresh equity with an offer-for-sale from key backers like Accel and Tencent. Institutional support is strong, with major investors, including Norway’s sovereign wealth fund, showing substantial interest. Despite financial losses in FY24, Swiggy’s expansion into groceries and other services is driving long-term investor confidence.
November 4, 2024
KiranaPro, a quick commerce app focused on empowering local kirana stores, has raised an undisclosed pre-seed funding round with backing from Unpopular Ventures, Blume Founders Fund, Snow Leopard Ventures, and angel investors. This investment supports KiranaPro's mission to bring rapid, hyperlocal ten-minute delivery services to customers across India, helping small retailers compete with e-commerce giants. By establishing dedicated ONDC-powered counters in supermarkets, KiranaPro aims to boost customer experience and strengthen local business reach. The new funding will drive enhancements in technology, operational infrastructure, and expansion of their quick delivery network.
October 31, 2024
Karnataka’s IT Minister, Priyank Kharge, recently launched ELEVATE 2024 and KAN to empower startups with seed funding and acceleration support. ELEVATE 2024 offers up to Rs 50 lakh in grants for early-stage startups, while KAN provides mentorship and market access, especially for companies outside Bengaluru. Designed to foster innovation, these programs support growth in sectors like AI, IoT, and SpaceTech, positioning Karnataka as a major startup hub. Applications for ELEVATE 2024 are open until November 29 via missionstartupkarnataka.org.
October 31, 2024
The Women ICT Frontier Initiative (WIFI), in collaboration with Sri Padmavati Mahila Visvavidyalayam (SPMVV) and UN-APCICT, empowers Indian women entrepreneurs with vital ICT skills. Since its 2018 launch, WIFI has transformed women-led businesses through digital marketing training and resources. This recent program highlighted inspiring success stories, including eco-friendly products by Feminy Enterprises, home hydroponics from Shudh Green, and saffron cultivation by Purple Springs, showcasing the initiative’s impact on financial independence and digital expansion for women entrepreneurs across India.
October 29, 2024
TedTech Traders, founded in 2019 in Vasai, Mumbai, has rapidly transformed from an online LED seller to a pioneer in LED home decor, merging technology with traditional designs. After observing customers’ desire for authentic diya experiences, TedTech introduced the Water Sensor Diya, which activates when filled with water. With patented products like the LED Lotus Reflection Diya and 3D Reflection Water Sensor Diya, TedTech has expanded to seven countries and recently launched app-controlled LED panels. As a certified ISO 9001:2015 company, TedTech continues to deliver innovative, affordable lighting solutions, staying committed to quality and local manufacturing.
October 29, 2024
Arya.ag, a Noida-based agritech platform, has secured a $19.8 million debt facility from the U.S. International Development Finance Corporation (DFC) to expand its market linkage capabilities, connecting farmers and farmer-producer organizations (FPOs) with buyers. This new funding follows a recent $29.2 million investment round and supports AryaTech, Arya.ag’s subsidiary, in creating a secure, transparent agricultural marketplace. With a vast network of over 12,000 warehouses across 60% of India’s districts, Arya.ag leverages technology to manage inventory and reduce risks, furthering its mission to drive economic growth in underserved regions.
October 28, 2024
The Tata Group is launching Neu Flash, an ultra-fast delivery service aimed at addressing rising customer demand in major metropolitan areas. Initially available to select users, Neu Flash will offer products across groceries, electronics, and fashion, leveraging Tata’s brands like BigBasket, Croma, and Tata Cliq. This entry marks Tata's strategic move into the highly competitive quick commerce sector, where players like Blinkit, Swiggy Instamart, and Zepto currently dominate. Tata may further integrate 1mg and Croma’s retail network for seamless 10-20 minute deliveries, focusing on a conservative incentive approach in a fast-growing market segment.
October 28, 2024
COOX, a home services booking platform, has raised $125,000 in Seed funding from Inflection Point Ventures to support its expansion to 40 cities, boost marketing efforts, and incorporate AI for enhanced operations. Founded by Akshat Gupta, Abhishek Gupta, and Rajat Johri, COOX offers services such as professional chefs, domestic cooks, bartenders, and event decoration for various gatherings. Since its 2019 launch, COOX has served over 5 lakh customers and onboarded more than 3,000 trained professionals, driving innovation in home services and creating gig opportunities in the hospitality sector. With the Indian food services market set to grow, COOX’s mission—“Hosts should enjoy as much as the guests”—positions it to meet rising demand for organized, tech-driven service solutions.
October 25, 2024
Three innovative startups—Live2.ai and NeuralGarage from India, and Creatively Squared from Singapore—have been named winners of the L'Oréal Big Bang Beauty Tech Innovation Program for the SAPMENA region. This achievement grants them the opportunity to pilot their solutions with one of L'Oréal's global brands, gain exposure across 35 international markets, and benefit from a year-long mentorship with industry leaders. The program, launched in May 2024, underscores L'Oréal's commitment to fostering personalized, inclusive, and sustainable beauty solutions. Aseem Kaushik, Managing Director of L'Oréal India, lauded India’s role as a hub of entrepreneurial talent, recognizing the innovative solutions emerging from its startup ecosystem.
October 25, 2024
Healthify, a health and fitness platform previously known as HealthifyMe, has secured $20 million in fresh funding as part of a larger $45 million equity round, led by Khosla Ventures and LeapFrog Investments. This new investment will fuel the company’s ambitious expansion into the U.S. market, where Healthify plans to bring its unique blend of AI-driven and human coaching to a broader audience. With a total of $125 million raised to date, Healthify’s latest funding round marks a key milestone in its mission to make personalized health coaching accessible worldwide. Founded by Tushar Vashisht, Sachin Shenoy, and Mathew Cherian, the platform already serves over 40 million users across India and offers corporate wellness solutions through partnerships in diagnostics, insurance, and pharmaceuticals.
October 24, 2024
Avaana Capital has closed its $135 million Climate and Sustainability Fund to invest in early-stage startups developing innovative climate solutions. The fund focuses on three critical areas contributing to 90% of India’s carbon emissions: energy and resource management, mobility and supply chains, and sustainable agriculture. With backing from global investors like the Green Climate Fund, Avaana seeks to accelerate India's transition to a net-zero economy by 2070, supporting scalable climate technologies in India and beyond.
October 23, 2024
Groww’s $160M tax payment as it shifts its headquarters from the U.S. back to India signals a larger wave of startup relocations. Amid India’s booming IPO market and favorable regulations, many startups are choosing to return, driven by the promise of better growth opportunities and regulatory alignment.
October 23, 2024
Zomato is set to raise Rs 8,500 crore ($1 billion) through a Qualified Institutional Placement of shares to enhance its cash position as it competes with Swiggy and other quick commerce players. CEO Deepinder Goyal stressed that while capital alone cannot secure victory, it is crucial for maintaining a level playing field in a cash-intensive business. With competition intensifying and Swiggy’s upcoming IPO, Zomato aims to fortify its financial standing and continue scaling its operations.
October 23, 2024
Febi.ai, a cutting-edge platform for accounting and bookkeeping, has raised $2 million in its pre-Series A round, co-led by Lumis Partners, former JP Morgan executive Virender Rana, and Lenskart co-founder Amit Chaudhary. Additional investors include Padmaja Ruparel (Indian Angel Network), Rohan Bhargava (Cashkaro), and Rajat Jain (Fino Payments Bank). The funds will be used to boost Febi.ai’s AI capabilities for automating accounting and tax compliance, expand customer acquisition efforts, and grow its workforce. Founded in 2022, Febi.ai provides real-time insights to startups and medium-sized businesses, offering effective documentation management and compliance solutions. As part of India’s rapidly expanding AI sector, Febi.ai joins other startups leveraging AI to revolutionize financial operations.
October 23, 2024
Indian spacetech startup GalaxEye has teamed up with SpaceX to launch its first multi-sensor Earth observation satellite, Drishti, in 2024. The satellite will use Synthetic Aperture Radar (SAR) and Optical/Multispectral Imaging (MSI) to capture high-resolution images in all weather conditions. This marks the beginning of a five-satellite constellation, aiming to offer daily revisits and sub-1 meter resolution by 2025. The collaboration highlights India's growing presence in the global spacetech industry, aligning with the “Make in India for the World” initiative.
October 21, 2024
Optimized Electrotech, a deep-tech defense startup, has won the ADITI 1.0 iDEX-DIO Challenge organized by the Defence Space Administration, securing a record INR 25 crore grant from the Government of India. Recognized at DefConnect 4.0, the grant will help advance the company’s space situational awareness technology, contributing to India's defense modernization and the Atmanirbhar Bharat mission. Founded in 2017, Optimized Electrotech specializes in AI-powered surveillance solutions for defense and paramilitary forces, including border surveillance, aircraft tracking, and counter-drone measures.
October 17, 2024
Jay Hao, former CEO of OKX, has joined the Indian blockchain startup CIFDAQ as co-founder and COO. CIFDAQ is preparing to launch a centralized crypto exchange and wallet with a strong focus on cybersecurity and user trust. Hao emphasizes a frugal approach for sustainable growth, while CIFDAQ targets expansion into Southeast Asia and Africa. The startup plans to integrate gaming features, including NFTs and play-to-earn models, to enhance user engagement, setting itself apart in the competitive blockchain landscape.
October 16, 2024
The India-Kenya Innovation Nexus Partnership Charter, signed at IIT Hyderabad, aims to strengthen cross-border collaboration in innovation and entrepreneurship. The partnership, supported by the Japan International Cooperation Agency (JICA), focuses on startup incubation, knowledge exchange, and technology commercialization. Kenyan officials, led by Dr. Tonny Omwansa of KeNIA, explored India’s successful public sector-led innovation models, visiting hubs like IIT Hyderabad’s Suzuki Innovation Centre and T-Hub. This collaboration is expected to influence Kenya's policy framework and bolster its startup ecosystem.
October 16, 2024
Delhi-based D2C footwear startup Yoho has raised Rs 27 crore ($3.21 million) in its Pre-Series B funding round, led by Gulf Islamic Investments (GII). Founded by Ahmad Hushsham and Prateek Singhal, Yoho focuses on orthopedic, comfort-centric footwear designed to address common foot issues while blending style and performance. With this fresh capital infusion, the startup plans to enhance product innovation, scale its marketing efforts, and expand its offline retail presence in India’s growing $13.5 billion footwear market. The company previously raised Rs 20 crore in 2022 from high-profile investors like Rajeev Misra and Vijay Shekhar Sharma.
October 15, 2024
India’s drone sector is on the cusp of significant growth, with the government set to launch an improved Production-Linked Incentive (PLI) scheme tailored to startups and MSMEs. This initiative will address issues faced by smaller players, such as complex documentation and limited inclusivity, while offering increased financial support. The new scheme, with a proposed outlay of ₹1,000 crore, aims to encourage indigenous drone manufacturing, segment the market into civilian, defense, and counter-drone uses, and empower rural women entrepreneurs through programs like the Namo Drone Didi Scheme. This effort aligns with India’s Make in India vision and focuses on bolstering domestic innovation in both civilian and defense drone technologies.
October 15, 2024
Zomato is once again venturing into logistics with the revamped launch of Xtreme, its parcel delivery service. After suspending the service in July due to low demand, the food delivery giant is now refocusing Xtreme to align with its core strength—last-mile food delivery. Initially aimed at a broad logistics market, Xtreme 2.0 will now serve restaurants that manage their own orders but need high-quality delivery solutions. This move is part of Zomato’s ongoing strategy of experimentation, testing new business lines while staying anchored in its food delivery expertise. Will this pivot lead to lasting success? Only time will tell.
October 14, 2024
JSW MG Motor India has selected seven startups for its MG Developer Program Season 5.0, focusing on integrating AI with electric mobility. These startups will develop innovative solutions to transform the electric vehicle industry, with support from partners like AWS and Exicom.
October 14, 2024
Perceptyne, an AI-driven robotics startup, recently secured $3 million in seed funding co-led by Endiya Partners and Yali Capital, with participation from Whiteboard Capital. The funding will accelerate Perceptyne’s development of semi-humanoid robots designed for tasks like assembly and packaging in manufacturing environments. These advanced robots integrate AI, computer vision, and multi-modal sensing technologies to reduce the time it takes for manufacturers to implement automation solutions.
October 11, 2024
Amazon India has joined forces with Startup India, under the Department for Promotion of Industry and Internal Trade (DPIIT), to help Indian startups thrive through e-commerce. The partnership will provide eligible startups with access to Amazon’s marketplace, mentorship, and go-to-market support. Additionally, Amazon’s Saheli program will empower women entrepreneurs with tailored learning programs and access to a wide range of Amazon services. The collaboration also promotes the Bharat Startup Knowledge Access Registry (BHASKAR), aimed at fostering cooperation among key players in India’s startup ecosystem.
October 10, 2024
Ratan Tata, former chairman of the Tata Group, passed away at 86, leaving behind an unparalleled legacy in business and philanthropy. A visionary leader, Tata transformed the Indian conglomerate into a global powerhouse, spearheading landmark acquisitions like Jaguar Land Rover. Known for his humility and compassion, he was deeply admired for his contributions to society. Tributes from world leaders highlight his profound impact, ensuring his legacy will continue to inspire future generations across industries and borders.
October 9, 2024
Kunal Bahl, co-founder of Snapdeal and Titan Capital, joins Shark Tank India Season 4, replacing Zomato CEO Deepinder Goyal. Goyal exited due to Swiggy, Zomato's competitor, sponsoring the season and requesting his removal. Bahl brings his entrepreneurial expertise to the panel, joining Anupam Mittal, Aman Gupta, Namita Thapar, and Ritesh Agarwal. The new season, hosted by Sahiba Bali and Ashish Solanki, will stream on Sony LIV, adding fresh excitement for fans of the popular reality show.
October 8, 2024
Transition VC has launched India’s first energy transition startup accelerator, in collaboration with T-Hub and IEEE, to support startups working in decarbonisation, energy storage, electrification of transport, and Net Zero technologies. With part of its ₹400-crore fund allocated to the initiative, Transition VC aims to incubate 7-8 startups, offering funding, R&D support, mentorship, and prototyping assistance. Co-founder Mohammed Shoeb Ali emphasized the importance of leveraging India's engineering expertise to reduce fossil fuel dependency. The accelerator aligns with the government’s energy transition goals, with two Centres of Excellence being established to drive innovation and sustainability efforts.
October 4, 2024
Homegrown electric vehicle (EV) mobility platform, ZEVO, has secured $2 million in pre-Series A funding led by Pegasus India Fund, with contributions from BizDateUp, JIIF, and a family office. The funds will be used to expand ZEVO’s fleet by 5,000 electric vehicles and establish fulfillment centers across India. The company also plans to extend its services to tier 2 and tier 3 cities, bringing sustainable mobility to underserved regions. Co-Founder Dhruv Bhatia shared that ZEVO is targeting an additional $20 million in funding by January 2025, aiming for 200,000 EVs on the road by 2030.
October 3, 2024
IG Drones, India's leading Drone Tech and AI company, has raised $1 million in its initial funding round led by India Accelerator and angel investors. The funds will support advanced R&D for defense applications, alongside plans for global expansion. With India's drone market expected to grow to ₹2.5 trillion by 2030, IG Drones is well-positioned to capitalize on this momentum. The company’s AI-powered Jaga drone and other innovations are transforming sectors like defense and agriculture. IG Drones has completed over 500 projects, partnered with the Indian Army, and trained 50,000+ youth. With expansion plans in five countries, IG Drones is set to lead the drone tech revolution globally.
October 1, 2024
Singapore-based ThinKuvate has made the first close of its Rs 100-crore India-focused fund, raising Rs 25 crore within four months. The fund targets early-stage startups, co-investing alongside top venture capital firms in sectors like healthtech, fintech, AI, and more. ThinKuvate has already invested in four startups, including Rosh.ai and Zippee, and plans to back 30-40 companies with Rs 1.5-4 crore investments. Over 50% of the fund’s investors are NRIs from countries such as Singapore, the US, and Australia, highlighting its global appeal.
September 30, 2024
During the week, 29 Indian startups raised $461 million, with 10 growth-stage startups securing $397.7 million. Whatfix led with $125 million, followed by M2P Fintech ($101.8 million), Qure.ai ($65 million), and others. Early-stage startups raised $63.32 million, with Nurix AI leading the pack. Bengaluru dominated city-wise funding, while AI startups led in sectors. Seed funding led series-wise with 10 deals. Several new funds were launched, including a ₹200 crore fund by Optimistic Capital. Key hirings and acquisitions also shaped the ecosystem, alongside layoffs at PayU Finance.
