wayr today India

Category: Startup

  • Khetika’s Tech-Driven Approach to Revolutionize the Packaged Food Industry

    This article was generated by AI and cites original sources.

    Khetika, a Mumbai-based startup backed by NSFO, Incofin, and Anicut Capital, is transforming the packaged food industry with its innovative, technology-driven approach. The company, which raised about ₹236 Cr ($25 Mn) and reported ₹247 Cr revenue in FY25, aims to achieve ₹2,000 Cr in revenue in the next 2 to 3 years, signaling a potential IPO in the future.

    One of Khetika’s core technologies is its B2B platform, SuperZop, which streamlines the supply chain by connecting directly with kirana stores, modern retail outlets, and various online channels nationwide. By leveraging technology, Khetika ensures efficient distribution and maximum reach for its products.

    Moreover, Khetika’s focus on direct sourcing from farmers in authentic growing regions and utilizing low-temperature stone grinding for food processing showcases its commitment to preserving nutrition and flavor. This approach not only enhances the quality of the staples but also promotes transparency in the supply chain.

    As the demand for healthy and preservative-free food products continues to rise, Khetika’s model stands out for its emphasis on single-origin sourcing, preservative-free packaging, and rapid delivery to retailers. By optimizing its operations through technology, Khetika is well-positioned to capitalize on the projected growth of the packaged food industry in India.

    Source: Inc42 Media

  • AI-Powered Wealth Platform Bachatt Secures $12 Million in Series A Funding

    This article was generated by AI and cites original sources.

    Bachatt, a tech startup founded in 2025, has secured $12 million in a Series A funding round led by Accel, with Lightspeed and Info Edge Ventures also participating. The company, known for its AI-powered savings and wealth platform, had previously raised $4 million in seed funding. The new capital infusion will be used to expand user acquisition and introduce new AI-driven wealth and credit products.

    Bachatt targets the merchant and self-employed sector, providing tailored savings solutions for non-salaried individuals. One of its key features allows users to invest in debt mutual funds with ticket sizes as low as Rs 100, in collaboration with major asset management firms like SBI, ICICI, and Axis. The platform offers various benefits including flexible deposits, pause options, and instant withdrawals.

    Since its inception, Bachatt has amassed over 3 million users and processed more than 2 million mutual fund transactions in February 2026 alone. Looking ahead, the company aims to significantly expand its user base to 30 million within the next 12–24 months.

    India’s wealthtech sector has been witnessing substantial growth, with startups collectively raising over $634 million in 2024 and 2025. The current year has seen notable funding activities, such as AssetPlus securing $19.3 million, Wint Wealth raising $28 million, Otto Money receiving $1.3 million, and Jiraaf preparing for a new funding round.

    Source: Entrackr : Latest Posts

  • Ather Energy Empowers Employees with Rs 22.4 Crore in ESOPs

    This article was generated by AI and cites original sources.

    Ather Energy, a leading electric vehicle startup, has allocated ESOPs (Employee Stock Ownership Plans) worth Rs 22.4 crore to its employees, emphasizing its commitment to incentivizing and retaining talent within the organization. This move follows the company’s earlier allocation of 12.7 lakh ESOPs valued at Rs 70.9 crore to various staff members, including senior management and key personnel, in September 2025.

    The allocation of ESOPs not only serves as a means to reward employees but also aligns their interests with the long-term success of Ather Energy. The company’s financial performance reflects this dedication, with a notable 50.2% year-on-year surge in operating revenue, reaching a record high of Rs 953.6 crore in the third quarter of the fiscal year 2026. This growth was largely driven by robust festive demand and increased sales volumes of Ather’s electric vehicles.

    This strategic move by Ather Energy underscores the significance of employee ownership in fostering a motivated workforce and driving organizational success. By granting ESOPs, the company aims to strengthen employee engagement, enhance retention rates, and ultimately propel innovation and growth within the dynamic electric vehicle industry.

    Source: Tech-Economic Times

  • Eloelo’s Advertising Blitz Fuels Revenue Growth in FY25

    This article was generated by AI and cites original sources.

    Microdrama and social entertainment platform Eloelo has strategically utilized heavy spending on advertising and promotions as a key driver for revenue growth in the fiscal year 2025. The company, founded in July 2020 by Saurabh Pandey, has shown promising signs of scale, reporting Rs 69.5 crore in revenue for FY25, with losses remaining relatively stable.

    Riding on this momentum, Eloelo secured $13.5 million in a Series B funding round led by Play Ventures in April last year, highlighting investor confidence in its growth trajectory.

    Eloelo’s revenue stream primarily relies on in-app purchases, contributing to the entire operating revenue in FY25. The company also diversified its income sources, earning Rs 6.3 crore in non-operating income, largely from interest on fixed deposits, totaling Rs 75.8 crore during the period.

    While the company’s expenses surged, particularly in advertising and promotions to bolster user acquisition and retention, it also prioritized investing in content creators, technology, and other operational aspects. Notably, technology costs accounted for about 10% of overall expenses, reflecting the company’s focus on innovation.

    Despite the substantial spending on various operational aspects, Eloelo managed to maintain a steady workforce cost while significantly enhancing spending on content creators to fuel growth.

    As Eloelo continues to navigate the competitive landscape of short-form content platforms, its strategic financial decisions and revenue generation model will be closely monitored by industry observers to assess its sustainability and competitive positioning in the market.

    Source: Entrackr : Latest Posts

  • Deccan AI Secures $25M Funding to Expand Enterprise AI Solutions

    This article was generated by AI and cites original sources.

    Deccan AI, a startup specializing in post-training data and evaluation services, has successfully raised $25 million in a Series A funding round. The investment was led by A91 Partners and saw participation from Susquehanna International Group (SIG) and Prosus Ventures.

    The funding will be used to expand Deccan AI’s enterprise-focused AI offerings and enhance its platform capabilities for the deployment and assessment of AI systems.

    Founded by Rukesh Reddy, Deccan AI initially focused on data and model training for cutting-edge AI labs before transitioning into providing enterprise solutions. The company now offers a range of tools to assist businesses in deploying, monitoring, and improving AI systems in real-world scenarios.

    Deccan AI’s product suite includes an evaluation platform for tracking model performance and an enterprise system designed to automate back- and middle-office workflows using AI agents. The startup is targeting large enterprises, including Fortune 500 companies, with customers like Google DeepMind and Snowflake already onboard.

    Deccan AI is expanding its operations in India, with a new office in Bengaluru dedicated to enterprise growth, in addition to its existing bases in San Francisco and Hyderabad.

    Source: Entrackr : Latest Posts

  • Future Wealth Investments Launches $50 Million Fund to Support Early-Stage Tech Startups

    This article was generated by AI and cites original sources.

    Future Wealth Investments, an investment firm, has introduced its inaugural venture fund targeting $50 million with a green shoe option of $10 million, potentially reaching $60 million in total size.

    The fund aims to support startups from the pre-seed to Series A stages, providing initial funding ranging from $250,000 to $5 million. It plans to nurture around 20 companies, focusing on sectors like artificial intelligence, consumer businesses, supply chain, logistics, and hardware innovation.

    Backed by an advisory board of founders from India, the UAE, and a network across Silicon Valley and Asia, Future Wealth Investments has already invested in companies such as Heads Up For Tails, Tantrayut, B4U Media, Mobipay, Zippee, and Vivos.

    India’s venture capital and private equity market have witnessed a significant increase, with over $12.1 billion in new funds launched, with a strong focus of 58% on early-stage investments. The firm is actively seeking promising founders in India, the UAE, and Singapore.

    Source: Entrackr : Latest Posts

  • Former Deloitte India Chairman Joins VerSe Innovation to Strengthen Governance

    This article was generated by AI and cites original sources.

    PR Ramesh, the former chairman of Deloitte India, has taken on a new role as an independent director at VerSe Innovation. In this position, Ramesh will lead the company’s audit committee, overseeing financial reporting, internal controls, risk management, and compliance. This move aims to fortify VerSe Innovation’s governance following previous audit-related issues.

    VerSe Innovation, which has attracted investments from CPPIB, Lupa Systems, Z47, and other backers, has successfully raised over $2 billion and currently boasts a valuation of nearly $5 billion.

    Source: Tech-Economic Times

  • Fanon Secures $1 Million Pre-Seed Funding for Fandom Storytelling Platform

    This article was generated by AI and cites original sources.

    Fanon, a platform dedicated to fandom storytelling and discussion, has secured $1 million in a pre-seed funding round. The investment was led by Kalaari Capital and Gruhas, indicating confidence in Fanon’s potential within the tech industry.

    Established in 2024 by Jatin Nayak, Nesar Rao, and Arvindmani Satyanarayan, Fanon allows users to create and share alternative narratives from popular movies, TV series, anime, games, and books. The platform offers a blend of fanfiction, comics, videos, and interactive discussions, providing a comprehensive space for fans to explore their favorite content universes.

    Fanon caters to over 150,000 users globally, predominantly Gen Z with a notable female user base, and is most popular in the US, Canada, the UK, and Europe. The platform covers a wide array of fandoms, including Harry Potter, Marvel, and My Hero Academia, fostering a diverse and engaged community.

    One key aspect driving Fanon’s growth is its partnership with Arka Media Works, known for the Baahubali franchise. This collaboration enables fans to craft and monetize new storylines featuring beloved Baahubali characters, enhancing the platform’s appeal and creative opportunities.

    With the rise of fan-centric content generating billions of views annually on social platforms, Fanon’s growth aligns with the increasing demand for immersive and interactive fan experiences. The company’s commitment to enhancing discovery and storytelling tools underscores its dedication to serving the evolving needs of fandom-driven content creation.

    Source: Entrackr : Latest Posts

  • FreshToHome Secures Debt Financing from BlackSoil and Stride Ventures

    This article was generated by AI and cites original sources.

    FreshToHome, a prominent meat and seafood delivery startup, is set to secure Rs 135 crore in total debt across two recent rounds. The company, founded by Shan Kadavil and Matthew Joseph in 2015, has been actively raising funds, with BlackSoil and Stride Ventures contributing Rs 60 crore in the latest round, including an equity component through optionally convertible redeemable preference shares (OCRPS).

    According to regulatory filings, FreshToHome will issue 550 non-convertible debentures (NCDs) at a face value of Rs 10 lakh each to raise Rs 55 crore. BlackSoil India will lead the round with Rs 40 crore, while Stride Ventures will join with Rs 15 crore in investment.

    The move to raise debt comes after FreshToHome’s significant $104 million Series D round earlier this year, indicating a strategic financial decision in the company’s growth trajectory. The funds will be used for working capital needs, corporate activities, and overall growth strategies, including operational expansion and market penetration.

    FreshToHome operates in approximately 160 Indian cities and key UAE markets, with a recent foray into quick commerce services, promising deliveries within 10–15 minutes. This financial move underscores the company’s commitment to sustainable growth and market leadership, despite reporting a slight rise in losses from the previous fiscal year. FreshToHome’s revenue from operations saw a solid 14% year-on-year increase to Rs 421.33 crore in FY25.

    Source: Entrackr : Latest Posts

  • Early-Stage Startup Investments Surge 46% Despite Fewer Deals

    This article was generated by AI and cites original sources.

    Recent data from business intelligence platform Tracxn reveals a notable trend in the startup investment landscape. Despite a decrease in the number of deals from 192 to 129, investments in startups from seed to series B stages have surged by 46% in value terms for the 2025-26 fiscal year until March 27 compared to the previous year.

    This shift indicates a significant change in investor behavior and startup valuation strategies. While the decrease in the number of deals might suggest a more cautious approach, the increased value of investments showcases a growing confidence in the long-term potential of these early-stage ventures.

    Understanding these dynamics is crucial for both investors and entrepreneurs navigating the startup ecosystem, as it highlights the importance of focusing on quality over quantity in deal-making and the strategic significance of each investment in driving overall portfolio performance.

    Source: Tech-Economic Times