Page 2 - Startups

Defence-tech startup Armory gets ₹100 crore order from MoD: Amardeep Singh

Company to provide indigenous AI-powered counter-unmanned aerial systems called SURGE

Chosen raises $5 million to expand science-led skincare business

Fireside Ventures leads funding round with participation from L'Oreal's Bold and Alkemi Growth Capital as startup scales R&D, product pipeline for Indian skin needs

Space startup GalaxEye puts world-first OptoSAR satellite into orbit

Mission Drishti to capture imagery in all weather conditions, day and night

Artha Venture's early bets begin to pay off as exit opportunities mount

Artha's Anirudh Damani says disciplined entry valuations-not market timing-are driving its biggest wins

EV startups seek govt intervention: CII writes to PMO, flags PLI flaws

Confederation of Indian Industry flags structural flaws in auto PLI scheme, seeks easier norms to support EV startups and boost innovation

Sahi secures $33 million as retail trading activity grows in India

Startup which builds tools and execution platform for active investors raised Series B in a round led by Accel with participation from Elevation Capital

HyugaLife raises ₹100 crore in Series A round led by IvyCap Ventures

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,

India fourth-highest funded country in FY26, with funding falling 18%

India retained its position as the fourth-highest funded startup ecosystem globally in FY26 despite an 18 per cent drop in funding, with early-stage investments and IPO activity showing resilience

Indian startups raise $1.3 billion in venture debt in 2025: Report

India's venture debt market rose to $1.3 billion in 2025, with deal count increasing to 187, reflecting growing acceptance of non-dilutive capital among startups

Nearly 86% startups increase AI spend, says Elevation Capital report

In addition, more than half expect to double their spend, reflecting a strong and growing conviction in AI's role in driving future growth

Fidelity marks down Gupshup's stake, implies sharp valuation drop

Fidelity cuts Gupshup's implied valuation to $280-300 million from $1.4 billion, reflecting steep markdown amid slowdown and business challenges

Smaller is better in Silicon Valley's 'tiny team' moment with help of AI

The idea borrows from Jeff Bezos' "two pizza rule," his notion from two decades ago that teams at Amazon should not be so large that they require more than two pies of pizza

Edtech firm PhysicsWallah rakes in ₹205 crore during Vishwas Diwas event

Edtech firm reports 36 per cent rise in collections and strong enrolment growth during its flagship 20-day Vishwas Diwas period

India's bioeconomy to hit $300 bn by 2033 on innovation demand: Report

Report flags global patent cliff and rising R&D costs as catalysts, with India emerging as a cost-efficient hub backed by policy support, faster trials and expanding biotech ecosystem

Beyond Bengaluru, startups are rising but big capital remains unconvinced

A recent report shows that more than 68,000 startups are now headquartered outside key startup hubs like Bengaluru and Delhi, yet they attracted only 2.1 per cent of capital deployed in India between

Rocketlane raises $60 mn in Series C funding to expand AI services platform

Insight Partners-led funding comes as enterprises rely more on services teams to deploy AI and improve operational outcomes across global markets

Prosus, Accel pick six startups for Atoms X deep-tech LeapTech cohort

Early-stage ventures span climate infrastructure, satellite communications, healthcare and space systems, with focus on long-horizon deep-tech innovation

Pranos Fusion raises $6.8 million led by Pi Ventures, Ankur Capital

Bengaluru-based Pranos Fusion raises $6.8 million to develop compact fusion energy technology, aiming to build scalable, clean power infrastructure from India

RDI Fund draws 200 applications; venture capital firms dominate entries

The government has received nearly 200 applications for second-level fund managers under the RDI Fund, with venture capital firms accounting for around 80 per cent

T-Hub incubated chip design startup Deepgrid Semi looking to raise ₹25 cr

Founder Aravind Prasad says startup aims to complete tape-out within 10 months as it builds use cases and engages investors for AI-powered ADAS chip solutions