Start- Ups

B2B robotics startup Haber raises $44 mn in funding from Creaegis, BEENEXT

Haber plans to use the capital primarily to scale its operations internationally, with a particular focus on the Americas, where demand for AI-driven industrial automation solutions is rising rapidly

Orange Health Labs raises $12 million in funding led by Amazon Smbhav

The company offers diagnostics directly to customers' doorsteps, with booking available through its website or app

Israel sees record-breaking $10.5 billion in startup acquisitions

This comes amid ongoing economic troubles in Europe and the US and as Israel faces an ongoing, multi- front war

Proptech startup Reloy sees 40% revenue growth to Rs 25 cr on strong demand

HDFC Capital-backed Proptech startup Reloy, which helps builders generate referral sales, is likely to achieve nearly 40 per cent revenue growth to Rs 25 crore this fiscal on strong housing demand. "We have now cracked the code on referral sales and are replicating this across all our clients. This is also backed by new client wins," Reloy founder and CEO Akhil Saraf told PTI. During the last financial year, Reloy had helped builders in generating Rs 1,450 crore worth of referral sales. The number will be higher in the current 2024-25 fiscal. Saraf noted that the company has benefited from a strong revival of housing demand post-COVID. "The demand continues to be strong, especially for reputed builders who have a good track record of delivering projects on time," Saraf said. Founded in 2015, Reloy has been specialising in real estate loyalty and referrals. It is a B2B2C homeowner and broker management platform that helps builders manage their builders and brokers more ...

The Earnicorns highlights profitable startups in a unicorn-dominated world

Startups, unicorns included, have been about adventure (misadventure too), independence (at least from the outside), pitches (and rounds of fund-raising in dollars

Nykaa acquires majority stake in clean beauty brand Earth Rhythm

Nykaa had previously acquired a minority stake in the company in 2022 through a combination of primary and secondary transactions

EV leasing firm Alt Mobility raises $10 mn from Eurazeo, other investors

Commercial EV leasing and asset management firm Alt Mobility on Wednesday said it has secured USD 10 million funding in a Series A round led by European VC and PE funds and existing investor, Eurazeo. The latest funding round also saw the participation from other investors including Shell Ventures, Twynam Earth Fund and EV2 Ventures, Alt Mobility said. The fresh capital infusion would help the company in its next phase of growth including expanding the capabilities of its digital asset management platform and driving standardization of battery technology, among others, it said. "Alt Mobility has secured USD 10 million in a Series A funding round led by existing investor Eurazeo, and (it also) saw participation from other existing investors including Shell Ventures, Twynam Earth Fund and EV2 Ventures," the company said. Alt Mobility currently owns a fleet of 10,000 vehicles across 20 cities in India leased to fleet operators and individual drivers. The company said it is ...

Amazon doubles down on AI startup Anthropic with $4 billion investment

The e-commerce company's increased investment in Anthropic underscores the billions of dollars funneled into AI startups over the past year

Bengaluru Tech Summit: India's DPI has reached maturity level to go global

Countries showing interest in adopting India's digital public infrastructure model, which would help them deliver essential services, empower citizens, and improve lives by enabling digital inclusion

Physis Capital raises Rs 150 cr for Rs 400 cr fund, to invest in startups

Venture Capital firm Physis Capital has received commitment of Rs 150 crore for its around Rs 400 crore or USD 50 million venture fund, which it plans to invest in 12-15 startups, a senior official of the firm said on Tuesday. Physis Capital, General Partner, Vinay Bansal told PTI that the firm expects the final close of the fund by early 2026. "Our Rs 400 crore fund is split into four buckets comprising Rs 100 crore retail investors, Rs 100 crore family offices, Rs 100 crore from financial institutions and Rs 100 crore from the government. "We have closed Rs 100 crore from retail investors and half of the family offices bucket. We have received a total commitment of Rs 150 crore," Bansal said. Physis Capital was set-up by the founders of Inflection Point Ventures which has invested in companies like Bharat Pe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, and Otipy. "The final close of the fund is expected by early 2026. We will invest the fund in Indian start-ups. Physi

India's startups need more than growth; focus on governance also crucial

Some of the most prominent startups are struggling to build the governance structures they need to handle their rapid growth

Avaana raises $135 mn for climate fund to fuel climate-tech startups

Avaana Capital, India's climate-focused venture capital firm, has managed to infuse Avaana Climate and Sustainability Fund with USD 135 million, thanks to support from renowned institutional investors, including the Green Climate Fund (GCF), said a senior official from the company on Wednesday. In a press statement, Anjali Bansal, partner at Avaana Capital, said, "The support we've received from leading global and domestic institutional investors underscores the importance of innovation in driving climate action and delivering long-term impact. The Avaana Climate & Sustainability Fund will help build the next generation of climate-first companies to transform key sectors and make meaningful progress toward a sustainable future." According to her, the fund focuses on three core sectors that account for 90 per cent of India's carbon emissions: Energy and Resource Management, Mobility and Supply Chains, and Sustainable Agriculture and Food Systems. Bansal said India is one of the ...

India banned drone imports to encourage local startups: Ram Mohan Naidu

Union Minister of Civil Aviation K Ram Mohan Naidu on Tuesday said India has totally banned the import of drones to encourage local talent to manufacture them. Addressing the two-day national drone summit at Amaravati in Andhra Pradesh, the Civil Aviation Minister noted that the government banned drone imports as it does not want some other country or company to benefit at the cost of India. We have banned the total import of drones, why did we do it? We want to encourage more startups to come in this drone sector. We want the people of this country to manufacture drones. We don't want to import drones and let the benefit go to some other country or some other company, said Naidu. According to the union minister, the government wants the young and bright minds of the country to develop new types of drones to cater to solutions which are indigenous to the country, so, with that mindset we banned imports'. The aviation minister highlighted that the Centre has liberalised rules for th

Dairy-tech startup Stellapps raises $26 million in series C funding

Stellapps' dairy-tech is deployed in over 42,000 villages, enabling the movement of more than 14 million litres of milk every day

Market, consumers best teachers for biz growth: Mamaearth co-founder

Market and consumer insights are the best teachers to learn from to grow business, a philosophy which has guided Mamaearth's decisions, contributing significantly to its growth, its co-founder Varun Alagh said on Thursday. Alagh, co-founder and CEO of beauty and personal care brand Mamaearth, speaking at the 119th Annual Session of the PHD Chamber of Commerce and Industry (PHDCCI) here, stressed the significance of consumer feedback in shaping business strategies. "I think the market and the consumer are the best teachers. As long as you're listening, they keep telling and teaching you. There is no better teacher than them. And we have treated the market and consumer like that, which has been very helpful because they have guided a lot of our decisions and got us to where we are today," he said. Alagh further highlighted the transformative impact of e-commerce and digital marketing in India, noting that these platforms are crucial for expanding access to products across diverse inco

Indian startups including Ola, Paytm, others mourn demise of Ratan Tata

Tata, after taking a personal interest in Agarwal's journey, decided to invest in Ola in 2015, as per Bhavish, Tata was also the inspiration behind Ola Electric

XDLINX Space Labs raises $7 mn in seed funding from Lucky Investments

Founded in 2022 in Hyderabad, XDLINX Space Labs aims to make satellite technology accessible to a broader range of clients

Arkam Ventures targets middle India: GenAI, space tech, EVs among key areas

Arkam believe that the biggest venture outcomes over the next 15 years are going to come from founders who are reimagining and rewriting many traditional industries

Wakefit enters Rs 1,000 crore revenue club, returns to Ebitda profitability

The sleep solutions company records a 24 per cent jump in revenue since the last financial year and remains on track to maintain its growth trajectory

LinkedIn's top Indian startups 2024: Zepto leads as India's newest unicorn

According to a report by Global Data, Indian startups raised around $7.5 billion in venture capital funding from January to August 2024 alone