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Health and wellness e-commerce platform HyugaLife has raised Rs 100 crore in a Series A funding round led by venture capital firm IvyCap Ventures. The funding round also saw participation from First Bridge Fund. The fresh capital will be utilised to strengthen the platform's AI-powered personalisation capabilities, expand its dark store network for faster deliveries, and establish an offline retail presence, the company said in a statement. HyugaLife operates as a marketplace for proteins, supplements, and health foods. The platform sources directly from brands-eliminating third-party sellers-and conducts independent lab tests for nutrition and heavy metals. The startup, which counts Indian cricketer KL Rahul among its key investors, currently lists over 10,000 products from more than 450 brands. "India's protein and supplements market has a trust problem, and HyugaLife was built to address it. We're doubling down on our authenticity guarantee by expanding lab-tested offerings,
Union Minister Ashwini Vaishnaw on Sunday said the Centre's Semicon Mission 2.0 will focus on bolstering deep tech startups, prioritising the creation of a design ecosystem and getting equipment manufacturing and design facilities in the country. Addressing the inaugural session of the Gujarat Semiconnect Conference 2026 here, the Union Minister for Electronics & Information Technology said that a talent gap of 20 lakh in the semiconductor sector will create huge opportunities for students. "Semicon 2.0 will be totally the reverse of Semicon 1.0, which focused on getting manufacturing facilities in India. We got that. We have 10 plants, with the first starting commercial production yesterday. Very soon, the second plant will start commercial production," he said. Vaishnaw said that the top priority for Semicon 2.0 - the second phase of India's Semiconductor Mission - will be to create a "design ecosystem", so that deep tech startups get the opportunity to develop the next ...
Prime Minister Narendra Modi on Friday discussed the potential of harnessing artificial intelligence technology in various sectors like agriculture, environmental protection, and promoting higher education in mother tongue, among others, with CEOs of AI and deeptech startups. CEOs and founders of 16 AI and deeptech startups presented their ideas and work at a roundtable meeting with the prime minister. Modi underscored the need for strong data governance, cautioned against misinformation, and urged the development of solutions tailored to India's needs, said a statement from Prime Minister's Office. Referring to UPI as a model of simple and scalable digital innovation, he expressed confidence in Indian companies and encouraged trust in domestic products. He also spoke about expanding private participation in the space sector and noted strong investor interest in Indian startups. Modi discussed the potential of harnessing AI technology in various sectors like in agriculture and ...
Regulatory sandboxes are necessary to ensure that startups and other players can build things in a controlled environment within the guardrails without stifling innovation, a senior official at the International Financial Services Centres Authority (IFSCA) said on Monday. Speaking at a session at the India AI Impact Summit 2026 in the national capital, IFSCA's Chief Technology Officer Joseph Joshy also said he would look at the things through the regulatory lens. The five-day summit -- which will see a host of heads of state and government, overseas representatives and industry players, among others -- commenced on Monday. "We need to ensure that there are regulatory sandboxes among regulators so that there are guardrails... (so that) before regulations come startups and others can build things in a controlled environment so that you don't stifle innovation and that you encourage it within the guardrails," Joshy said. Joshy is also the Chief General Manager as well as Head of FinTe