Page 25 - Start Ups

Zepto FY25 revenue increases 149% to ₹11,110 crore ahead of IPO plans

The growth numbers came as Elcid Investments, a Mumbai-headquartered non-banking financial company, invested ₹ 7.5 crore in the firm as part of its ongoing funding round

Lenskart files for IPO to raise ₹2,150 crore, eyes valuation of $10 billion

SoftBank-backed Lenskart plans to raise Rs 2,150 crore through IPO to expand CoCo stores, tech infrastructure, and branding amid rising Asian demand for prescription eyewear

NCLT Ahmedabad admits BluSmart into insolvency over ₹1.28 crore default

NCLT Ahmedabad admits BluSmart Mobility into insolvency after the startup defaulted on ₹1.28 crore debt; interim resolution professional appointed to manage assets

Drizz raises $2.7 million to automate mobile app testing with AI

Drizz, founded by ex-Amazon and Coinbase engineers, uses AI and computer vision to enable code-free mobile app testing and has raised $2.7 million to enhance its platform

Blinkit grows its 10-minute ambulance service to 12 vehicles in Gurugram

Blinkit expands its 10-minute ambulance service in Gurugram to 12 vehicles and launches an in-house paramedic training programme to improve emergency care

EVeez raises $5.4 mn to expand electric mobility services for gig workers

EVeez secures $5.4 million in Series A funding to scale its electric two-wheeler subscription service, targeting gig workers across India

AI platform iTuring raises $5 million Series A for financial services push

iTuring.ai, an AI platform targeting the BFSI sector, raises $5 million in Series A funding led by Dallas Venture Capital and Mela Ventures to expand product development

Retail chain SuperK raises Rs 100 cr from Binny Bansal, Sacheti and others

Company to use Series B funding to expand its tech-driven franchise network in 300 towns

EV startup MATTER launches ₹1.93 lakh Aera 5000+ e-bike, eyes IPO

Ahmedabad-based MATTER aims to disrupt the 150-200cc bike segment with its Aera 5000+, backed by global investors and planning a $200 million fundraising and public listing

AI demo firm Olto raises $5.1 mn from Nexus, The General Partnership

San Francisco-based AI startup Olto secured $5.1 mn in a pre-seed round co-led by Nexus Venture Partners and The General Partnership to automate and personalise B2B demos

Gupshup raises $60 million to expand Conversational AI capabilities

Gupshup raised over $60 million in equity and debt funding from Globespan and EvolutionX to scale its Conversational AI platform and grow across high-potential markets

AI-first startups challenge India's $300 billion IT services giants

Venture capital pours into companies like Atomicwork and Nurix AI as autonomous agents promise to reshape enterprise workflows and force legacy players to adapt

Gaming firm MPL bets on AI to boost development cycles, write code faster

When it comes to changing the workflows or pushing minor features, the gaming company is encouraging its developers to outsource repetitive tasks to an AI agent or code editors

Inbound Aerospace raises $1 mn pre-seed round led by Speciale Invest

Space tech startup will use capital for developing autonomous reusable re-entry vehicles

Edtech firm PhysicsWallah launches AI model Aryabhata 1.0 for JEE Mains

PhysicsWallah introduces Aryabhata 1.0, a small language model aimed at supporting mathematics learning for competitive exams like JEE Mains, marking its entry into AI-driven educational tools

EduFund secures $6 million in Series A round to expand beyond metro cities

EduFund has raised $6 mn in a Series A round. The funding will support its expansion into Tier-I and Tier-II cities, with new AI tools and expanded loan offerings

Fintech firm PayU India to invest $120 mn by end of FY26, say senior exec

The credit business is expected to get an investment of $50-$60 million. PayU is considering another $60-$70 million infusion in payments infrastructure firm Mindgate Solutions

Brigade Hotel Ventures plans to launch ₹749.6 crore IPO on July 24

The offer will remain open until July 28, with anchor investor bidding set to begin a day earlier on July 23, as per the company's RHP

Byju's founders plan $2.5 billion lawsuit against investors, lenders

Education startup's creators blame financial backers for the company's collapse from $22 billion valuation to insolvency

Startup coalition builds IPO runway for 40 firms eyeing $90 bn market

Startup Policy Forum launches Centre for New-Age Public Companies to guide tech firms through IPOs as India's markets attract listings worth over $90 billion