wayr today India

Category: Startup

  • Canvaloop Secures $1.5 Million to Develop Eco-Friendly Textile Fibers from Agricultural Waste

    This article was generated by AI and cites original sources.

    Canvaloop, a biomaterials startup, has secured $1.5 million in funding from Gujarat Venture Finance Limited (GVFL) and Rockstud Capital. The company, founded in 2020 by Shreyans Kokra, specializes in transforming agricultural waste like pineapple, banana, and hemp into eco-friendly textile-grade fibers using a unique closed-loop technology. This proprietary process minimizes water and chemical usage, making it a sustainable solution for the textile industry.

    The investment will enable Canvaloop to expand its production capacity, enhance supply chain efficiency, shorten delivery times, and further develop its alternative fiber platform. The Surat-based startup’s focus on natural feedstocks such as hemp, flax, and crop residues highlights its commitment to creating scalable and environmentally friendly material alternatives.

    With plans to invest in next-generation material innovation, including regenerative fibers, Canvaloop aims to drive the textile industry towards more sustainable and resilient value chains. By leveraging innovative technologies, the company is positioned to contribute to the sector’s transition towards eco-conscious textile production.

    Source: Entrackr : Latest Posts

  • Indian Cricketer Riyan Parag Invests in Proxgy, an IoT Solutions Startup

    This article was generated by AI and cites original sources.

    Indian cricketer and Rajasthan Royals’ captain Riyan Parag has recently invested ₹2 crore in Delhi NCR-based deeptech startup Proxgy, known for its innovative IoT solutions. Parag joins a list of notable investors in the startup, including cricketer Ajinkya Rahane, Zerodha co-founder Nikhil Kamath, and actor Suniel Shetty.

    Founded in 2020 by Pulkit Ahuja, Proxgy specializes in smart wearables and safety products designed to enhance workplace safety and operational efficiency for blue-collar workers. The startup’s technology stack includes industrial IoT hardware, software middleware, and a SaaS subscription layer, catering to clients in sectors like power, fintech, logistics, and banking.

    Proxgy’s core product offerings include the SmartHat for hazard detection, ProHat & Hat+ Band for smart helmets, Lockator for logistics tracking, Sleefe for hands-free communication, AudioPod/AudioCube for 4G-enabled payments, and BirdBox for security surveillance.

    This investment from Parag signifies growing interest from sports and business personalities in deeptech solutions that prioritize safety and productivity in various industries. Proxgy’s collaboration with Maruti Suzuki further showcases its potential for industry partnerships and technological advancements.

    Source: Inc42 Media

  • Skyroot Aerospace Secures Debt Financing to Advance Space Technology

    This article was generated by AI and cites original sources.

    Hyderabad-based space technology startup, Skyroot Aerospace, has successfully raised Rs 100 crore (approximately $10.75 million) in a recent debt round from BlackRock. This marks the company’s first debt investment for the year 2026.

    Skyroot Aerospace’s board has issued 100 non-convertible debentures (NCDs) at a face value of Rs 1 crore each, as detailed in its filing with the Registrar of Companies (RoC). The infusion of funds will be used for various purposes, including issue-related expenses, working capital needs, operational costs, asset acquisitions, and general corporate utilization.

    Founded in 2018 by former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka, Skyroot Aerospace specializes in developing small and medium-lift launch vehicles for the global satellite market. The company’s pipeline includes the Vikram series of rockets, such as Vikram-I and Vikram-II, designed to provide on-demand, cost-efficient, and flexible satellite launch services.

    In a significant milestone, Skyroot Aerospace became the first private Indian company to successfully launch a rocket into space with its Vikram-S mission in 2022.

    The company’s growth trajectory was further bolstered in October 2023 when it secured Rs 225 crore (approximately $27 million) in a pre-Series C funding round led by Temasek. Skyroot Aerospace is currently engaged in discussions to raise $150–200 million (about Rs 1,800 crore) to fuel its upcoming expansion phase, potentially valuing the firm at around $1 billion.

    Despite being in the pre-revenue stage as of the end of FY25, Skyroot Aerospace recorded widened losses of Rs 99.70 crore during the year, attributed to ongoing investments in research and development initiatives.

    Source: Entrackr : Latest Posts

  • Cashify Moves Towards IPO, Appoints Investment Banks

    This article was generated by AI and cites original sources.

    Cashify, an omnichannel recommerce platform, has taken a significant step towards its initial public offering (IPO) by appointing ICICI Securities, JM Financial, and Nomura as its bankers. The company, headquartered in Gurugram, aims to raise between Rs 1,500 crore to Rs 1,800 crore through the IPO, with the final structure yet to be determined.

    Early investors like Bessemer Venture Partners, Olympus Capital Asia, and Blume Ventures are anticipated to sell part of their holdings during the IPO. Cashify, founded in 2013, specializes in facilitating the buying and selling of used electronics, focusing primarily on phones and laptops. It collaborates with major original equipment manufacturers like Xiaomi, OnePlus, and Samsung for exchange programs and partners with e-commerce giants Amazon and Flipkart to simplify the trade of refurbished devices.

    The company is likely to follow the confidential filing path for its draft red herring prospectus, with plans to submit IPO papers in mid-2026, targeting a listing in early 2027. Cashify’s operational revenue for FY25 surged to Rs 1,096 crore from Rs 935.07 crore in FY24, leading to a substantial 80% reduction in losses to Rs 10.5 crore from Rs 53 crore in the previous year.

    Source: Entrackr : Latest Posts

  • China Restricts Manus Cofounders Amid Meta Acquisition Review

    This article was generated by AI and cites original sources.

    Chinese regulators are scrutinizing Meta’s $2 billion acquisition of artificial intelligence startup Manus, and have restricted the travel of the company’s two cofounders during the review process. According to a report by the Financial Times, the cofounders have been barred from leaving China as the authorities examine whether the deal complies with the country’s investment regulations.

    This development highlights the increasing intersection between technology and global regulatory frameworks. The scrutiny of Meta’s acquisition underscores the importance for tech companies to understand and adhere to foreign investment rules, especially in the rapidly evolving industry. This situation also showcases the potential challenges that tech companies face when navigating international business environments.

    For those following the tech industry, this case serves as a reminder of the complexities involved in cross-border tech acquisitions and the significant role that government regulations play in shaping the sector. The outcome of this review could have broader implications for how tech companies approach acquisitions and expansions in various markets.

    Source: Tech-Economic Times

  • Agnikul Cosmos Revolutionizes Booster Engine Production with 3D Printing

    This article was generated by AI and cites original sources.

    Agnikul Cosmos, a spacetech startup, has implemented 3D printing technology to manufacture booster engines in just 7 days, significantly reducing production timelines by up to 90-97%. This approach not only accelerates the manufacturing process but also enhances repeatability and minimizes potential failure points in engine production. The company’s streamlined production capabilities have caught the attention of multiple satellite operators, paving the way for potential collaborations and increased launch opportunities.

    The adoption of 3D printing highlights Agnikul Cosmos’ commitment to leveraging advanced technologies to transform traditional manufacturing practices within the space industry. By harnessing the power of additive manufacturing, the startup aims to achieve up to 30 launches annually, showcasing the efficiency and scalability of their production methods. As the company continues to advance its spacetech innovations, the potential for more frequent and cost-effective space missions becomes increasingly feasible.

    Source: Tech-Economic Times

  • Accel-Prosus Partnership Invests in Six Indian Startups Across Diverse Tech Sectors

    This article was generated by AI and cites original sources.

    Accel and Prosus have recently provided early-stage funding to six promising Indian startups through their Atoms X program. The selected startups cover a diverse range of technology sectors, including air purification, space technology, cancer diagnosis, and elder fitness. This strategic partnership involves Prosus matching Accel’s investments in these startups, with funding amounts varying between $200,000 to $1 million from each side, ultimately granting startups access to a total of up to $2 million in capital.

    These investments signify a significant boost for the Indian startup ecosystem, highlighting the growing interest and support for innovative tech solutions in areas crucial to society. The backing from Accel and Prosus not only provides financial resources but also validates the potential impact and viability of the startups’ technological advancements.

    With key focus areas such as air purification, space technology, healthcare, and elder fitness, the startups stand to make substantial contributions to their respective fields, potentially driving forward advancements that could benefit a global audience. The Atoms X program’s investment in these startups underscores the importance of nurturing and empowering tech entrepreneurs who are pioneering solutions to real-world challenges.

    Source: Tech-Economic Times

  • Attox Research Lab’s Rapid Antibiotic Sensitivity Device Accelerates Bacterial Treatment

    This article was generated by AI and cites original sources.

    Attox Research Lab, a Chennai-based healthtech startup, has introduced a device that is transforming the way doctors combat the rise of antibiotic-resistant bacteria. The startup’s innovation is a rapid antibiotic sensitivity analysis device, capable of quickly determining the most effective antibiotic to treat a specific bacteria found in a patient’s sample. Utilizing advanced AI technology, this process that once took 24-78 hours now delivers results in just two hours, significantly expediting treatment decisions and improving patient outcomes.

    By enabling healthcare professionals to quickly identify the most suitable antibiotic, Attox Research Lab’s device empowers them to combat antibiotic resistance more effectively. This development could potentially enhance the approach to treating bacterial infections, offering a more targeted and efficient solution to one of the most pressing challenges in modern medicine.

    Source: YourStory RSS Feed

  • Food Delivery Startup Swish Secures $38M in Series B Funding

    This article was generated by AI and cites original sources.

    Swish, a food delivery startup, has successfully raised $38 million in its Series B funding round, as reported by YourStory RSS Feed. The funding was led by Hara Global and Bain Capital Ventures, with participation from existing investor Accel, as well as debt investors Alteria Capital and Stride Ventures. This latest funding round represents Swish’s third capital raise in just 18 months.

    The $38 million investment will bolster Swish’s technological infrastructure, allowing the startup to enhance its food delivery platform, streamline operations, and potentially expand its services to new markets. This funding showcases the confidence that prominent venture capital firms have in Swish’s technological capabilities and growth potential within the competitive food delivery sector.

    Swish’s ability to secure significant funding underscores the importance of technology in revolutionizing traditional industries such as food delivery. As the company continues to innovate and optimize its tech-driven solutions, it remains poised to make a notable impact in the evolving realm of food delivery services.

    Source: YourStory RSS Feed

  • RN Kids Secures $760K Pre-Seed Funding for Pediatric Wellness Solutions

    This article was generated by AI and cites original sources.

    Pediatric wellness startup RN Kids has secured approximately $760,000 in a pre-seed funding round. The funding saw participation from notable investors like Ashish Kacholia, Lashit Sanghvi, and several angel investors. Founded in September 2025 by Rushabh Nandu and Nihar Parekh, RN Kids is dedicated to creating clean label, clinically supported formulations catering to children’s everyday health requirements.

    Identifying a gap in managing common pediatric health concerns such as growth, immunity, gut health, and respiratory issues, the founders aim to develop clean formulations with innovative delivery methods to meet the demands of informed parents seeking effective and convenient solutions for their children.

    The startup plans to launch six signature products by the end of July through various online platforms like Amazon, Flipkart, and its direct-to-consumer website. Future plans include expanding into quick commerce and offline retail channels to reach a wider audience.

    Source: Entrackr : Latest Posts