Author: Umamaheswari
WaterTech startup Boon raises Series A funding led by Roca Group Ventures, aims to scale AI-enabled water purification solutions and expand internationallyIntroduction:Boon, a Gurugram-based watertech startup, has successfully raised $5 million in a Series A funding round, marking a significant milestone in its journey to transform the water purification industry. The round, which combines equity and debt, was spearheaded by Roca Group Ventures, the investment arm of Spanish bathroom products company Roca Group. This investment not only bolsters Boon’s financial position but also signifies growing international interest in India’s innovative watertech solutions.Founded in 2015 by Vibha Tripathy and Advait Kumar,…
Introduction:In a rapidly evolving healthcare landscape, a Pune-based startup, Anatomech, is making waves with its innovative approach to physical rehabilitation. Founded in 2020, this trailblazing venture is on a mission to transform the way individuals recover from long-term injuries and manage chronic physical discomfort.The traditional model of physical therapy, which often requires frequent visits to specialized clinics, can be a significant burden for patients in terms of time, resources, and emotional strain. Recognizing this gap, Divyakshi Kaushik, a BIRAC Social Innovation Fellow with extensive experience in healthcare wearable design, envisioned a solution that would empower patients to take charge of…
Introduction:Corvi LED, a Mumbai-based lighting product design company, has successfully raised $8 million in a Series B funding round led by Enam Investments. This significant capital injection comes after a seven-year funding hiatus for the company, signaling a renewed focus on expansion and innovation in the competitive LED lighting market.Founded in 2012 by Vimal Soni, Corvi LED has established itself as a pioneer in the lighting industry, holding over 100 patents and registrations. The company has made its mark globally, exporting its products to 24 countries across Europe, the Middle East, Africa, and South-East Asia. With this fresh infusion of…
Introduction:In a significant move set to reshape India’s intercity transportation landscape, FlixBus, a global leader in affordable and sustainable travel, has announced a strategic partnership with Paytm, one of India’s largest digital payment and financial services platforms. This collaboration aims to revolutionize intercity bus travel in India by making FlixBus tickets directly available through the Paytm app, enhancing accessibility and convenience for travelers across the country.FlixBus, which entered the Indian market earlier this year, is leveraging Paytm’s vast user base and technological prowess to expand its footprint in the world’s second-most populous nation. The partnership marks a significant step in…
Introduction:In the heart of Gurgaon, a young mother’s quest for safe baby products blossomed into a billion-dollar empire. Ghazal Alagh, co-founder of Mamaearth, transformed her maternal instincts into entrepreneurial prowess, creating Asia’s first Made Safe™ certified brand. Her journey from a corporate trainer to a “Chief Mama” of a unicorn company is a testament to the power of purpose-driven entrepreneurship and the untapped potential of the Indian beauty and personal care market.The Seed of an IdeaIt was 2014, and Ghazal Alagh had just embraced motherhood. Like any new parent, she was overwhelmed with joy – and worry. As she scoured…
Introduction:Bengaluru-based Yali Capital has announced the launch of its maiden venture fund, targeting a corpus of Rs 810 crore to support early-stage deeptech startups in India. This move signals a significant boost for the country’s growing technology sector, particularly in advanced fields such as chip design, robotics, and artificial intelligence.The fund, co-founded by industry veterans Ganapathy Subramaniam and Mathew Cyriac, includes a substantial greenshoe option of Rs 310 crore, demonstrating confidence in the potential of India’s deeptech landscape. With a primary focus on chip design and expanding into other cutting-edge sectors, Yali Capital is positioned to play a pivotal role…
Introduction:Swiggy, the Bengaluru-based food and grocery delivery platform, has announced its fifth Employee Stock Ownership Plan (ESOP) liquidity program, valued at $65 million (approximately ₹542.87 crore). This significant move comes as the company approaches its tenth anniversary and prepares for its much-anticipated Initial Public Offering (IPO), underlining Swiggy’s commitment to employee welfare and its strong financial position in the competitive Indian startup ecosystem.The latest ESOP buyback allows approximately 2,000 employees across various levels and functions to receive liquidity for their stock options. This event is part of Swiggy’s consistent effort to create wealth-generation opportunities for its workforce, marking the company’s…
Analysts expect Mukesh Ambani’s telecom giant to raise over Rs 55,000 crore and achieve $133 billion valuationIntroduction:Reliance Jio Infocomm, the telecom arm of Mukesh Ambani’s Reliance Industries, appears to be laying the groundwork for a highly-anticipated initial public offering (IPO). Recent strategic moves like hiking tariffs and monetizing its 5G rollout have analysts speculating that India’s largest telecom operator is gearing up to make a blockbuster debut on the stock market, possibly as early as next year. The Jio IPO is expected to emerge as India’s biggest ever, potentially raising over Rs 55,000 crore for the company.Brokerage firm Jefferies believes…
Introduction:In 2020, Parul Sharma, a seasoned professional with 15 years at Mondelez, faced a challenge that would reshape her career and impact countless Indian families. Her 10-year-old son’s routine checkup revealed a protein deficiency, sparking a quest for nutritious yet appealing food options. This personal struggle became the catalyst for Gladful, a startup determined to revolutionize children’s nutrition in India with protein-packed, tasty snacks that kids would love and parents could trust.A Mother’s DiscoveryParul’s world shifted when she learned of her son’s protein deficiency. Despite her extensive background in the food industry, working with beloved brands like Cadbury Silk and…
Introduction:In the heart of India’s innovation hub, Bengaluru, a dynamic startup is revolutionizing the wellness industry. Founded in 2023 by Karan Naidu and Praveen Singh Rajput, Calmosis merges ancient Ayurvedic wisdom with modern cannabis science to deliver natural solutions for stress, anxiety, pain, and sleep issues. As the first company to legally offer cannabis-based products in India, Calmosis is poised to transform how people manage their health and well-being.The Catalyst for ChangeKaran Naidu’s journey to founding Calmosis began with a personal challenge. His mother struggled with chronic sleep problems and relied on allopathic sleeping pills, which came with unwanted side…