wayr today India

Category: Startup

  • Ecofy Secures $42 Million in Series B Funding to Accelerate Climate Solutions

    This article was generated by AI and cites original sources.

    Ecofy, a non-banking financial company focused on climate change solutions, has successfully raised Rs 380.5 crore (approximately $42 million) in a Series B equity round. The funding was co-led by British International Investment and Finnfund, with contributions from existing investors Eversource Capital and FMO. This development was reported exclusively by Entrackr last week.

    Founded in 2022, Ecofy aims to finance economically sustainable climate initiatives, including electric vehicles, rooftop solar systems, energy-efficient equipment, and more. The company plans to be a key player in driving the transition towards a net-zero carbon world, partnering with individuals and small businesses to reduce their carbon footprint.

    The newly secured funds will fuel Ecofy’s expansion into rooftop solar, electric vehicles, and SME financing. This growth strategy is supported by a solid balance sheet, experienced leadership, robust governance frameworks, and a purpose-driven operating culture.

    With a significant increase in revenue from operations to Rs 93.3 crore in FY25 and notable customer growth, Ecofy has positioned itself as a leader in sustainable finance. The company plans to further scale its retail green lending in collaboration with banks and financial institutions.

    Source: Entrackr : Latest Posts

  • Travelstack Tech Secures SEBI Approval for IPO in India

    This article was generated by AI and cites original sources.

    Travelstack Tech, the parent company of budget hospitality chain FabHotels, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). This milestone aligns the Bengaluru-based company with other firms like Leap India, Turtlemint, Molbio, and Infra.Market that have also gained SEBI’s approval for their IPOs.

    Travelstack Tech’s IPO, as outlined in the draft red herring prospectus (DRHP) filed last year, will consist of a fresh issue of equity shares valued at Rs 250 crore, alongside an offer for sale (OFS) of up to 2.68 crore equity shares by existing shareholders. Early investors, including Accel, Goldman Sachs, Qualcomm, and angel investor Anupam Mittal, as well as the company’s founders Vaibhav Aggarwal and Adarsh Manpuria, are expected to participate in the OFS component.

    The IPO proceeds will primarily be used for working capital needs, debt repayment, and general corporate purposes. Notable stakeholders in Travelstack Tech include Accel India with a 21.75% stake, Qualcomm Asia with an 8% stake, and Vaibhav Aggarwal, one of the founders, owning 19.20% of the company.

    Established in 2014, FabHotels operates a network of over 1,300 properties in various Indian cities. The company reported operating revenue of Rs 400 crore in the first half of the current fiscal year, with net profits amounting to Rs 32 crore for the six-month period ending September 2025.

    Source: Entrackr : Latest Posts

  • Aamra Seniors Club Secures $150K Funding to Enhance Elder Care Technology

    This article was generated by AI and cites original sources.

    Aamra Seniors Club, a startup based in Gurugram, has successfully raised $150,000 in a pre-seed funding round from angel investors. The funding will be used to improve product-market fit, develop its preventive aging framework, and expand senior engagement centers.

    Established in 2025 by Sripriya Yegneswaran and Dr. Akanksha Saxena, Aamra focuses on preventive elder care by offering structured physical, cognitive, and social engagement programs. Currently, the startup operates its primary center in Gurgaon.

    Aamra has achieved an impressive over 90% member retention rate, demonstrating sustained user engagement. The company is actively working on its Aamra CARE protocol, a framework designed to evaluate and monitor physical stability, cognitive engagement, and social connectedness among seniors.

    Source: Entrackr : Latest Posts

  • Flipkart CFO Sriram Venkataraman Departs Amid IPO Preparations

    This article was generated by AI and cites original sources.

    In a significant development for the e-commerce industry, Sriram Venkataraman, the Chief Financial Officer (CFO) of Flipkart Group, has announced his resignation. Venkataraman, who has been with the company for over a decade since joining in 2015, will be stepping down in the upcoming months. This move comes as Flipkart prepares for its initial public offering (IPO). Flipkart has not yet disclosed who will succeed Venkataraman in the CFO role.

    Venkataraman’s departure marks a notable transition in Flipkart’s leadership team and raises questions about the financial strategy and direction the company may take leading up to its IPO. His tenure at Flipkart has coincided with a period of significant growth and transformation in the e-commerce sector, making his exit a point of interest for industry observers.

    While Venkataraman’s exit may introduce some uncertainty, it also presents an opportunity for Flipkart to bring in fresh perspectives and expertise to navigate the complexities of the public markets. The CFO’s role is crucial in shaping the financial narrative of a company, especially during milestone events like an IPO.

    Source: Tech-Economic Times

  • Celesta Capital Launches ₹2,000 Cr India-Focused Deeptech Fund

    This article was generated by AI and cites original sources.

    Celesta Capital, a San Francisco-based venture capital firm, is set to launch an India-focused deeptech fund with a target corpus of ₹2,000 crore. The fund aims to support early-stage deeptech startups, particularly at Series A and B stages, with an average ticket size expected between $3 million to $7 million. Celesta Capital has initiated talks with limited partners to secure funding for the Category II AIF, which has obtained SEBI’s approval.

    Celesta Capital’s diverse investment portfolio spans across countries like the US, Israel, the UK, India, and China, including notable Indian startups such as ideaForge, Agnikul, and 5C Network. With a track record of over 100 investments and assets worth $1.1 billion, the firm’s foray into the Indian deeptech ecosystem underscores the sector’s growing prominence.

    As a key member of the India Deep Tech Alliance (IDTA), Celesta Capital envisions significant investments in deeptech segments over the next decade, spanning areas like semiconductors, spacetech, AI, and biotech. The alliance, comprising prominent venture firms like Accel and Blume Ventures, aims to infuse over $1 billion into India’s deeptech landscape, signaling a broader trend of increased tech investment in the country.

    Source: Inc42 Media

  • StayVista Achieves Profitability Through Strategic Revenue Growth and Cost Management

    This article was generated by AI and cites original sources.

    Luxury villa and homestay rental company StayVista successfully achieved profitability in the fiscal year ending March 2025 by focusing on enhancing revenue and managing costs effectively. According to Entrackr, the Mumbai-based company experienced a 29% growth in operating revenue, reaching Rs 181 crore in FY25 from Rs 140 crore in the previous fiscal year.

    StayVista operates as a platform connecting property owners with travelers seeking vacation rental accommodations. The company’s primary source of income stems from enabling property listings, bookings, and online payments.

    Cost management played a crucial role in StayVista’s journey to profitability. Material costs, the largest expense component, rose by 26% to Rs 138 crore in FY25. Despite this increase, controlled expenditure across various areas such as employee benefits and legal charges helped the company maintain a positive trajectory.

    With a strategic approach to scaling operations and a focus on optimizing costs, StayVista successfully reversed its financial performance, turning a profit of Rs 3.6 crore in FY25, a significant improvement from the Rs 8 crore loss in FY24. Notably, the company’s return on capital employed (ROCE) and EBITDA margin also showed positive trends, standing at 5.43% and 1.33%, respectively.

    This achievement reflects StayVista’s commitment to sustainable growth and financial stability in the competitive landscape of vacation rental startups. By balancing revenue growth with cost efficiency, the company sets a positive example for aspiring players in the market.

    Source: Entrackr : Latest Posts

  • Harnessing Technology for Personalized Health and Nationwide Sports Training

    This article was generated by AI and cites original sources.

    In the ever-evolving landscape of technology, two startups are making significant strides in the realms of health and sports. MicrobioTx, a company at the forefront of health innovation, has introduced an AI-powered test that analyzes an individual’s gut microbiome using a simple finger-prick blood sample. This cutting-edge technology enables the generation of personalized health insights, offering individuals a deeper understanding of their gut health.

    On the other hand, Sports For Life is leveraging technology to transform structured sports training into a nationwide platform. By integrating tech solutions into sports coaching and training programs, Sports For Life aims to make sports training more accessible and efficient for enthusiasts across the country. This initiative not only enhances the quality of sports training but also fosters a culture of fitness and well-being on a broader scale.

    Both MicrobioTx and Sports For Life demonstrate the power of technology in improving human health and wellness. The AI test developed by MicrobioTx highlights the potential of personalized medicine, while Sports For Life’s tech-enabled platform showcases how technology can democratize access to sports training, promoting a healthier and more active population.

    Source: YourStory RSS Feed

  • Betterhood Pioneers Preventive Pain Care Solutions with Tech-Driven Innovations

    This article was generated by AI and cites original sources.

    Betterhood, a promising startup in the health tech sector, recently secured Rs 5 crore in a seed funding round led by Kairon Capital, with other notable investors joining in. The company, co-founded by Vikram Kadam and Neha Zade in October 2024, focuses on musculoskeletal health through a range of science-backed products, educational content, digital tools, and expert interventions.

    One of Betterhood’s key offerings is its innovative assessment tools available on its website. These tools help users identify the root causes of common pains like neck, back, shoulder, and knee discomfort, providing a solid foundation for personalized care plans.

    Additionally, the startup recently introduced the Slouch Catcher, a posture analysis tool that evaluates posture and offers users a fun twist with animal-inspired posture personas, enhancing engagement and accessibility to posture awareness.

    Another development from Betterhood is The Physio Edge, a certification program tailored for early-career physiotherapists, designed to bridge the gap between theoretical knowledge and practical clinical skills.

    Since its inception, Betterhood has served over 60,000 customers and curated a vast library of educational content covering topics such as posture, pain management, movement, and recovery. With plans to expand its reach through partnerships with physiotherapy clinics, running communities, and wellness retail outlets, Betterhood aims to establish itself as a leader in preventive pain care.

    Source: Entrackr : Latest Posts

  • AGNIT Semiconductors Secures $2.6M in Seed Extension Funding to Boost GaN Semiconductor Production

    This article was generated by AI and cites original sources.

    Bengaluru-based startup AGNIT Semiconductors has successfully raised $2.6 million in a seed extension funding round led by Shastra VC, with contributions from existing investors 3one4 Capital and Zephyr Peacock. This recent funding follows a previous seed round in 2024, bringing AGNIT’s total funding to over $7 million.

    The newly acquired capital will be used to expand AGNIT’s production capacity to 1 lakh gallium nitride (GaN) components within the next two years. The company also plans to diversify into telecom infrastructure and high-efficiency power semiconductor devices.

    Founded in 2019 by a team of seven individuals, AGNIT Semiconductors specializes in gallium nitride (GaN) semiconductor technology. Their focus is on designing and manufacturing GaN materials and electronic components, with a primary application in radio-frequency (RF) technologies.

    Initially, AGNIT considered electric vehicle components, but has since shifted its focus to sectors with higher demand for GaN technology, aligning with strategic growth opportunities in the semiconductor market.

    Source: Entrackr : Latest Posts

  • PhysicsWallah Expands into Student Housing with New Subsidiary

    This article was generated by AI and cites original sources.

    PhysicsWallah, a prominent education platform, has established a new subsidiary, PhysicsWallah Student Housing Private Limited, which has been officially approved by the Ministry of Corporate Affairs. This strategic move follows a 36% year-over-year growth in offline enrollments, reaching 4.1 lakh in the December 2025 quarter. Additionally, the company has acquired Nextseed Foundation for Rs 1,00,000, further expanding its presence in the education sector.

    This expansion into student housing marks a shift for PhysicsWallah, leveraging its expertise in the education domain to address the accommodation needs of students. By venturing into the student hostel segment, PhysicsWallah aims to offer a comprehensive solution to enhance the overall learning experience for its students, creating a more holistic educational ecosystem.

    Source: Tech-Economic Times