Page 8 - Startups

Turbostart invests $1 mn in Lighthouse PropTech's $2.5 mn funding round

The Dabur Family Office and several other high net-worth individual (HNI) family offices joined the round, valuing the company at $13.5 million

Everhope Oncology secured $10 million seed funding for expansion

This is the largest healthcare seed round in the last 24 months

Nikhil Kamath's Gruhas, Brigade launch Rs 300 cr realty-focused fund

Both partners have contributed about 15% each to the overall Rs 200 crore Sebi-registered Category II AIF, which includes a Rs 100 crore green-shoe option

Narayana Murthy warns against AI hype in India, urges startups to aim big

Says innovation & job creation will vanish poverty, not freebies

Nandan Nilekani's 4 tips for India's economy to hit $8 trn mark by 2035

Outlining key factors for India's economic expansion, Nilekani spoke about the necessary "Big Unlocks" required to accelerate the country's growth rate from 6 per cent to 8 per cent

Women-led technology startups struggle to overcome funding winter

Women VCs, including Jahagirdar and Chaturvedi, believe that more women investors can make the fundraising process less intimidating for women founders

Women entrepreneurs face uphill task in startup world amid funding winter

Even as the entrepreneurial ecosystem continues to grow, the number of startups with at least one woman founder has been on the decline since at least 2020

Fintech dominates India's startup funding this year, shows Tracxn data

In terms of deal volume, consumer startups saw the highest number of funding rounds (92), ahead of high-tech (70) and retail (61)

Indian startups raise $1.65 bn in February, median valuation at $83.2 mn

Indian startups raised a total of USD 1.65 billion (about Rs 14,418 crore) in funding at a median valuation of USD 83.2 million in February 2025, according to data from Traxcn. This brings the total funding in FY25 (April-February) to USD 25.4 billion, spread across 2,200 rounds, the data showed. The February figure marks a 19.5 per cent uptick from USD 1.38 billion in total funding in January 2025. On a year-on-year basis, the total amount of fundraise was down from USD 2.06 billion secured in February 2024. Entrepreneurs in the country's startup capital, Bengaluru, secured funding worth USD 353 million, with a median round size of USD 2 million. Those in Mumbai grabbed total funding of USD 102 million but with a higher median round size of USD 5 million. Fintech firm Oxyzo led the February funding pack, having raised USD 1 billion in conventional debt. It was followed by online B2B platform udaan, which closed a Series G equity funding round of USD 75 million, led by M&G ...

BS Manthan: Funding winter, unicorn status not growth barrier, say startups

Speaking at the second edition of BS Manthan in New Delhi on Friday, industry leaders asserted that innovation, resilience, and sustainable business models matter more than capital influx

Honeywell, AM Green sign MoU to advance carbon capture, SAF in India

The feasibility study is expected to conclude by mid-2025, marking a critical step towards achieving large-scale decarbonisation

NOTO Ice Cream raises Rs 15 cr in funding round led by Inflection Point

Start-up NOTO Ice Cream on Thursday said it has raised Rs 15 crore in its latest funding round, led by Inflection Point Ventures (IPV), with participation from JITO and Lets Venture. The funds will be utilised for expanding into Tier-I and Tier-II cities, launching innovative flavours and formats for the summer, supporting marketing on food-tech aggregators and quick-commerce platforms, upgrading infrastructure, and boosting brand awareness through experiences, the company said in a statement. The brand, also backed by renowned personalities such as John Abraham, Rannvijay Singha, and Kunal Bahl, is currently operational in cities, including Mumbai, Delhi, Bangalore, Hyderabad, Chennai, and Pune. It is expanding into new markets such as Ahmedabad, Kolkata, and Lucknow. NOTO Ice Cream Co-Founder & CEO, Varun Sheth said," This funding fuels our expansion into Tier I and Tier II cities..." Inflection Point Ventures Co-Founder, Vinay Bansal said health-conscious consumers often ...

Spyne raises $16 million Series A to drive US expansion, AI innovation

This investment will fuel Spyne's growth trajectory, focusing on aggressive expansion in the US and developing its next-generation AI solutions designed to transform automotive retail

DPIIT to sign MoUs with cos for setting up manufacturing incubation centres

Move to boost startups in the segment by ensuring financial and non-financial support

SpotDraft raises $54 mn to lead AI-powered contract lifecycle management

SpotDraft's Series B funding round, spearheaded by Vertex Ventures and Trident Partners, will accelerate the company's global expansion and drive the advancement of its AI-powered product innovation

magicpin revenue triples to Rs 870 cr in FY24, becomes 3rd largest food app

The company continued its dominance on the government-backed Open Network for Digital Commerce (ONDC), maintaining its status as the largest food delivery seller app on the network

Several startups likely to go public in 2025 despite challenges: Report

Several high-quality startup firms are likely to go public in 2025 despite global challenges, and the funding environment is also likely to improve this year, according to a report by venture debt firm InnoVen Capital. It also said that 47 per cent of startup founders out of 100 who participated in the survey expect the pace of hiring to increase this year. "Of those who attempted to raise in 2024, 63 per cent had a favourable experience. 79 per cent of founders are optimistic that the funding environment will improve in 2025," the India Startup Outlook Report said. Ashish Sharma, Managing Partner at InnoVen Capital India, said the report will provide useful insights to all stakeholders that have a keen interest in the venture ecosystem. "While the macro is challenging, we expect several high-quality companies to go public in 2025," he added. Further, the report said startup founders continue to look at domestic IPO as the likely mode of exit, with 73 per cent of founders choosing

Hoping to increase govt-registered startups to 1 million in 10 years: Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday expressed hope that the number of government-registered startups would increase to 10 lakh in the next ten years due to the steps taken to promote growth of these budding entrepreneurs in the country. At present, there are 1.57 lakh registered startups as compared to 450 in 2016. With an intent to build a strong ecosystem of the country for nurturing innovation and promoting startups, the government launched the Startup India initiative on January 16, 2016. As per the government's eligibility conditions, entities are recognised as 'startups' under the Startup India initiative. These units are eligible to avail tax and non-tax incentives under the Startup India action plan. Under the initiative, the government through its flagship schemes Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme and Credit Guarantee Scheme for Startups, has provided financial assistance to eligible recognised startups across sectors and .

Nirmata raises $9.6 million to expand AI-driven cloud-native solutions

As AI-driven applications drive the surge in cloud-native technologies, businesses are rapidly adopting new solutions and building platform engineering teams

TrueFoundry secures $19 million to transform AI deployment at scale

The Series A funding will allow TrueFoundry to accelerate its mission towards building a universal platform to develop and deploy AI applications with zero infrastructure hassles