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Category: Startup

  • Swish Secures $38 Million Funding to Enhance 10-Minute Food Delivery Service

    This article was generated by AI and cites original sources.

    Swish, a Bengaluru-based startup, has secured $38 million in a recent funding round led by Hara Global and Bain Capital Ventures, with additional participation from existing investor Accel. The company also received venture debt from Alteria Capital and Stride Ventures.

    Founded in 2024, Swish has rapidly expanded its operations, focusing on a model that delivers meals within a limited radius to ensure swift turnaround times. The company’s approach has led to a valuation jump estimated to be over 2.4 times, reaching approximately $140 million post-funding.

    With the infusion of fresh capital, Swish plans to further strengthen its quick delivery infrastructure and support the expansion of its services. The company reported a substantial increase in daily order volumes, rising to around 20,000 orders from 5,000 just four months ago.

    Operating in the ultra-fast food delivery segment, Swish competes with industry players like Zomato, Swiggy, and Zepto. This sector has witnessed various adjustments, with competitors scaling down or pausing their quick delivery services.

    Swish’s success and continued growth underscore the significance of technological advancements in optimizing food delivery operations.

    Source: Entrackr : Latest Posts

  • Accel and Prosus Invest in Frontier Tech Startups to Combat Antibiotic-Resistant Superbugs

    This article was generated by AI and cites original sources.

    Accel and Prosus have joined forces to support frontier tech startups, aiming to empower founders to address pressing challenges in healthcare, including the fight against antibiotic-resistant superbugs. This collaboration involves Prosus matching Accel’s investments in each startup, offering founders the stability of ‘capital certainty’ to explore complex ideas without immediate commercial constraints.

    The partnership between Accel and Prosus signifies a strategic alignment to nurture innovation within the startup ecosystem, particularly in the realm of healthcare technology. By providing financial support and a conducive environment for experimentation, the initiative is poised to catalyze groundbreaking solutions for combating the growing threat of superbugs.

    Startups operating at the intersection of frontier tech and healthcare are set to benefit significantly from this alliance, gaining access to resources and expertise that can accelerate their research and development efforts. With a focus on enabling entrepreneurs to tackle complex healthcare problems, this collaboration underscores a commitment to fostering technological advancements with real-world impact.

    Source: YourStory RSS Feed

  • Elmed Life Sciences Secures $2.7 Million Funding from Agrisure Fund

    This article was generated by AI and cites original sources.

    Elmed Life Sciences, a company specializing in probiotic and biological solutions for animal health, aquaculture, agriculture, and human health, has successfully raised $2.7 million in funding from Agrisure Fund. The investment was facilitated by Nabard-backed Nabventures, showcasing the growing interest in innovative solutions across various sectors.

    This funding round is expected to support Elmed Life Sciences’ research and development efforts, enabling the company to enhance its product offerings and expand its market reach. With a focus on utilizing technology to advance health solutions, Elmed Life Sciences is poised to make significant strides in addressing critical challenges in animal and human health sectors.

    By securing this investment, Elmed Life Sciences demonstrates the industry’s confidence in the potential of probiotic and biological solutions. The backing from Agrisure Fund validates the company’s approach and highlights the importance of technological advancements in revolutionizing traditional health practices.

    Source: Tech-Economic Times

  • Deccan AI Secures $25 Million to Enhance Enterprise-Focused AI Solutions

    This article was generated by AI and cites original sources.

    Deccan AI, an AI technology company, has successfully raised $25 million in funding. The investment round was led by growth equity firm A91 Partners and included contributions from Susquehanna International Group (SIG) and Prosus Ventures. This funding will enable Deccan AI to further develop its high-accuracy AI solutions tailored for enterprises and cutting-edge model labs, as shared by the company’s founder Rukesh Reddy in an interview with ET.

    The growing demand for advanced AI technologies in the business world underscores Deccan AI’s focus on creating enterprise-focused AI systems. By securing this substantial investment, the company is positioning itself to innovate and deliver AI solutions that meet the evolving needs of modern enterprises.

    This funding milestone not only highlights Deccan AI’s potential for growth and expansion but also signals investor confidence in the company’s AI capabilities. With a specific emphasis on serving enterprise clients and frontier model labs, Deccan AI aims to push the boundaries of AI application in various sectors.

    Source: Tech-Economic Times

  • Plum Raises ₹193 Cr to Enhance Employee Health Benefits Platform

    This article was generated by AI and cites original sources.

    Insurtech startup Plum has secured ₹193 Cr ($20.6 Mn) in its Series B funding round to strengthen its employee health benefits platform. The funding, led by Peak XV Ventures with participation from Tanglin Venture Partners and GMO Venture Partners, will enable Plum to expand into preventive care, primary care, mental wellness, and telehealth.

    Plum’s focus on technology includes plans to invest in talent acquisition, enhance enterprise-grade security, and develop AI-driven claims operations. The startup aims to deepen integrations with HR and payroll systems to enhance the employee healthcare experience.

    Founded in 2019, Plum serves over 6,000 organizations, including Zomato, Swiggy, Atlassian, and CRED, offering insurance, healthcare, and well-being benefits to employees. With a track record of profitability, Plum’s latest funding round underscores its commitment to innovation in the insurtech space.

    Source: Inc42 Media

  • Sarvam AI’s Potential Unicorn Status and Advancements in India’s AI Landscape

    This article was generated by AI and cites original sources.

    Sarvam AI, a rising company in India’s AI sector, is on the verge of achieving unicorn status with talks of raising $250 million at a valuation of $1.5 billion. The company, founded just 18 months ago, has gained attention for its advancements in AI technology.

    The potential investment, likely led by industry leaders like NVIDIA, Accel, and HCLTech, showcases a remarkable 7X increase in valuation within a short span of two years. NVIDIA’s involvement highlights the growing global interest in India’s AI ecosystem.

    Established in 2023, Sarvam has been at the forefront of India’s efforts to develop sovereign AI capabilities. At the recent India AI Impact Summit, Sarvam introduced its Sarvam-30B and Sarvam-105B Language Model Machines (LLMs), tailored for 22 Indian languages. These models, developed using a mixture-of-experts architecture, represent India’s advancements in the LLM space.

    Beyond software, Sarvam is venturing into hardware innovation with Kaze, its AI-powered smart glasses. This strategic move to integrate software and hardware signifies Sarvam’s holistic approach to enhancing user experience across different devices.

    Despite its technological progress, Sarvam faces challenges in deployment due to feedback on format compatibility, integration issues, and tooling support. As the company aims to compete with established global AI players, addressing these deployment concerns will be crucial for its future success.

    With the spotlight on Sarvam’s potential funding round, the industry awaits to see how this investment will propel the company forward in the competitive AI landscape, both locally and globally.

    Source: Inc42 Media

  • Fullife Healthcare Secures Significant Funding from Elev8 Venture Partners

    This article was generated by AI and cites original sources.

    Fullife Healthcare, a direct-to-consumer startup, has successfully raised Rs 300 crore in funding from Elev8 Venture Partners. This investment marks Elev8’s expansion into the consumer-focused segment, diversifying its portfolio beyond technology-led ventures. Fullife Healthcare’s ability to attract such substantial funding underscores the growing interest in direct-to-consumer platforms within the startup ecosystem.

    The infusion of Rs 300 crore will enable Fullife Healthcare to enhance its offerings, expand its market reach, and strengthen its position in the healthcare industry. Elev8 Venture Partners’ investment signifies confidence in Fullife Healthcare’s business model and growth potential.

    By securing this funding, Fullife Healthcare is poised to accelerate its innovation in the direct-to-consumer space, leveraging technology to drive efficiency and improve customer experience. This investment highlights Elev8 Venture Partners’ commitment to supporting innovative startups in emerging sectors.

    Source: YourStory RSS Feed

  • Thread Factory Secures Pre-Seed Funding to Enhance Fashion Supply Chain Technology

    This article was generated by AI and cites original sources.

    A fashion supply startup, Thread Factory, has successfully raised Rs 1.5 crore in a pre-seed funding round led by Aviral Bhatnagar at AJVC. The funding will be used to strengthen its technology stack, expand its workforce, onboard additional retailers and manufacturers, and further develop a data-driven supply infrastructure for the apparel industry in India.

    Founded by Vivek Solanki and Paras Jindal, Thread Factory operates a B2B platform that connects independent apparel retailers with manufacturers nationwide. By facilitating a more efficient process for retailers to discover and source designs, and aiding manufacturers in production planning through enhanced demand visibility, the company aims to optimize the fashion supply chain.

    In India, where sourcing often occurs through informal channels like phone calls and WhatsApp, Thread Factory’s platform addresses existing inefficiencies that result in poor demand forecasting, inefficient procurement, and excess inventory for retailers. Through its platform, retailers can directly browse products, place orders, and generate transaction-level data, ultimately bringing greater intelligence to the supply side of the industry.

    The startup reports an annual recurring revenue (ARR) of approximately Rs 4 crore, with a notable 60% monthly repeat customer rate. Additionally, it has successfully onboarded over 40 manufacturers on its platform to date.

    AJVC, the early-stage investment firm led by Aviral Bhatnagar, continues to expand its investment portfolio across emerging startups in India, contributing to the growth and innovation within the tech startup ecosystem.

    Source: Entrackr : Latest Posts

  • Rocketlane Raises $60 Million to Enhance Agentic AI Platform Nitro

    This article was generated by AI and cites original sources.

    Rocketlane, a professional service automation (PSA) and customer onboarding platform, has raised $60 million in its Series C funding round to bolster its agentic AI platform Nitro. The funding, led by Insight Partners, will support the development of Nitro’s execution AI agents and the company’s global expansion efforts.

    Founded in 2020 by former Freshworks executives, Rocketlane introduced Nitro to utilize AI agents for risk detection and automation of tasks like migrations, configurations, and testing. Early results indicate a potential 50% reduction in delivery effort and improved risk management.

    Rocketlane’s CEO Srikrishnan Ganesan stated, ‘Our goal is to empower teams with the efficiency needed to thrive in the Outcome Era, where AI’s success is measured by completed work, risk mitigation, and revenue protection.’

    With the recent funding, Rocketlane aims to further enhance Nitro’s capabilities and cater to a broader market, focusing on enabling enterprises to streamline collaboration among employees, projects, and finances.

    Source: Inc42 Media

  • Dream Sports Expands into Stockbroking with Dream Street Platform

    This article was generated by AI and cites original sources.

    Dream Sports, the parent company of Dream11, is expanding its offerings by venturing into the stockbroking sector with the introduction of a new platform called Dream Street. This strategic move aims to diversify the company’s portfolio beyond gaming and position it to compete with established players like Groww and Zerodha.

    The launch of Dream Street follows Dream Sports’ recent foray into financial services with Dream Money, a wealth management platform introduced in August 2025. By leveraging its extensive user base cultivated through its fantasy sports ecosystem, Dream Street is expected to cater to retail investors.

    According to Moneycontrol, the first to report this development, Dream Sports has obtained all necessary licenses and is currently in the testing phase, anticipating a public release in the near future. Rahul Mirchandani, the chief product officer at Dream Sports, is set to lead the brokerage arm as its CEO.

    This initiative comes as Dream Sports undergoes a restructuring effort prompted by regulatory changes that impacted its core real money gaming business. Following a ban on real money gaming in August 2025, which led to revenue disruptions, the company has shifted its focus towards investment and wealth products.

    In financial terms, Dream11 experienced a 15% year-on-year decline in revenue, dropping to Rs 6,759 crore in FY25 from Rs 7,934 crore in FY24. This decline occurred before the ban on real money gaming, resulting in a Rs 479 crore loss in FY25 compared to a Rs 1,295 crore profit in FY24, attributed to a one-time tax expense and director benefits.

    Source: Entrackr : Latest Posts