Category: Startup

Robotic neuro-rehabilitation startup Rymo Technologies has successfully raised Rs 10 crore in a seed funding round, with IAN Group leading the investment alongside other angel investors. This capital will be used to drive product innovation, expand manufacturing capabilities, and strengthen the company’s presence in India and international markets like ASEAN and the Middle East.

Established in 2020 by Chirag Shah and Abhishek Rai, Rymo Technologies specializes in healthcare technology aimed at revolutionizing physical rehabilitation using advanced robotics, virtual reality, and artificial intelligence. Their flagship product, the Mobi-L system, offers innovative, accessible, and cost-effective solutions to aid individuals in recovering from strokes, injuries, and neurological conditions, facilitating mobility and independence restoration.

The Mumbai-based startup addresses a critical need in neuro-rehabilitation, bridging the gap exacerbated by the increasing global incidence of strokes and neurological disorders, coupled with limited access to advanced rehabilitation due to therapist shortages and the high expense of robotic systems.

Rymo has developed a sophisticated technology framework integrating patented hardware architecture, proprietary algorithms trained on patient data, and a modular system design. Their multi-joint robotic rehabilitation system, enhanced with AI-based therapy personalization, aims to deliver quantifiable recovery outcomes.

The company boasts a strong presence in the healthcare sector, with over 452 device installations and 354 clinical customers, including prestigious institutions like AIIMS, Apollo Hospitals, and Manipal Hospitals. Rymo’s systems have benefited over 7,500 patients, delivering 15,000 therapy hours and demonstrating improved recovery rates.

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Fixed income platform Jiraaf has announced a successful funding round, raising nearly Rs 44 crore (approximately $4.7 million) in an extended Series B round. The funding comes from a mix of existing and new investors, including Aspire Financial, Accel, angel investor Anand Shah, and Hindustan Media Ventures. This investment marks a significant milestone for the five-year-old startup, which offers fixed income investment opportunities through its digital platform.

Jiraaf, founded in September 2021 by Saurav Ghosh and Vineet Agrawal, provides various investment products such as treasury bills, corporate bonds, asset leasing, and venture debt. These products offer yields ranging from 7% to 18% with tenures between 30 days and 3 years. The company had previously raised $8.7 million in a round co-led by Accel and Harmony.

According to the company’s financial data, Jiraaf reported a 14% increase in operating revenue to Rs 20 crore in FY25 compared to Rs 17.5 crore in FY24. Additionally, the company managed to reduce its losses by 17% to Rs 25.75 crore during the same period. Jiraaf faces competition from players like Wint Wealth, IndiaBonds, and Stable Money in the fixed income investment segment.

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Fintech company BharatPe has appointed Himanshu Verma as the new Head of its POS (Point-of-Sale) business division, signaling a strategic move to enhance its offline payment solutions.

Verma, with extensive experience in payments, telecom, and consumer tech, previously held key positions at Pine Labs, Freecharge, and other prominent firms. During his tenure at Pine Labs, he spearheaded the successful launch and growth of the Soundbox (Mini) product.

In his new role at BharatPe, Verma’s mandate includes overseeing merchant acquisition, bolstering distribution channels, and amplifying offline payment services. This development aligns with BharatPe’s intensified focus on offline transactions, particularly among small-scale merchants and retail establishments.

BharatPe, established in 2018, boasts a vast network of over 1.7 crore merchants across 450 cities. The company facilitates an impressive 450 million UPI transactions monthly, amounting to approximately Rs 12,000 crore in transaction value.

The POS arm of BharatPe annually handles transactions worth over Rs 27,000 crore through a network exceeding 1.25 lakh devices. With Verma’s appointment, the company aims to fortify its offline payment infrastructure alongside its UPI-driven services.

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Neurotechnology startup Mave Health has secured $2.1 million in funding, led by Blume Ventures, to further develop its wearable headset designed to enhance focus, mood, and stress regulation.

The wearable headset utilizes transcranial direct current stimulation (tDCS) to target the prefrontal cortex through brief daily sessions. Weighing around 100g, the device delivers low-intensity electrical stimulation to brain regions associated with attention and emotional regulation, providing benefits during daily activities and lasting up to a month on a single charge.

Users can track their progress and personalize protocols via Mave’s companion app, without collecting sensitive brain data. The company reports that users have experienced significant improvements within a few weeks of use, with positive effects accumulating over time. The product is currently available for pre-order in the US and India, with shipments set to commence in April 2026.

Mave Health’s approach has garnered interest, with early sales and endorsements from tech leaders and athletes, such as UFC fighter Max Griffin. The company’s focus on non-invasive neurotechnology aims to enhance mental well-being and productivity.

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Assiduus Global, an AI-powered cross-border, multi-platform e-commerce accelerator, has successfully raised $25 million in a pre-Series B funding round. The investment was led by Bajaj Finserv, with additional participation from Uncorrelated Ventures, Aaruha Technology Fund, Vikash Agarwal (Rupa Family Office), and other investors.

Founded by Somdutta Singh, Assiduus specializes in an AI-powered middleware platform for global e-commerce distribution and supply chain management. The company’s services are leveraged by over 150 enterprise brands in 20 countries, integrating with more than 18 global marketplaces and quick commerce platforms.

The latest funding will be used to enhance Assiduus’ AI and data capabilities, enabling its expansion into key markets like the Middle East, Europe, and Asia-Pacific. Additionally, the company aims to establish strategic partnerships with enterprises and government entities to further strengthen its presence and offerings.

Assiduus’ asset-light model, combining software, data systems, and execution infrastructure, has led to significant revenue growth and valuation increase. The company has maintained profitability at the PAT level for the past seven years, demonstrating its sustainable business approach.

The e-commerce accelerator’s end-to-end solutions encompass cross-border distribution, fulfillment, compliance, and performance tracking. With headquarters in Atlanta and operations spanning multiple countries, Assiduus continues to drive innovation in the global e-commerce landscape.

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Bengaluru-based fintech startup WeRize, backed by British International Investment, reported a remarkable financial performance in the recent fiscal year. The company’s revenue reached Rs 236 crore, a 64% increase from the previous year. WeRize, founded by Vishal Chopra and Himanshu Gupta, offers a range of financial products, including mortgages, unsecured credit, insurance, and savings options, to a vast user base spanning over 300 million individuals in small cities.

Operating under the ‘Social Shopify of Finance’ model, WeRize leverages a network of over 10,000 freelancers in 2,500 cities to distribute financial services, eliminating the need for physical branches. Revenue from interest on loans, loan processing fees, and service sales contributed significantly to the company’s income.

Despite increased expenses in employee benefits and payouts to financial consultants, WeRize managed to double its profit to Rs 10 crore in FY25, showcasing a robust financial performance. The company’s prudent cost management strategies and revenue diversification have led to an improved ROCE of 13.08% and an EBITDA margin of 18.64%.

With a solid financial position and equity funding of around $25.75 million from prominent investors, WeRize is poised for further growth in the competitive fintech landscape.

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Emversity, an education technology platform, has completed a $800,000 buyback of employee stock options from 20 long-serving team members. This move demonstrates the company’s commitment to employee engagement and retention.

The buyback offer was extended to employees who had joined the company on or before January 31, 2024, highlighting Emversity’s dedication to rewarding its long-standing workforce.

With over 700 employees across 24 states and 60 locations in India, Emversity continues to expand its footprint in the education and employment sector.

This announcement follows Emversity’s successful $30 million Series A funding round led by Premji Invest, underscoring the company’s rapid growth and investor confidence.

Emversity, founded by Vivek Sinha, former COO of Unacademy, has been making significant strides since its inception in April 2024. The platform, supported by employer-linked skill centers in healthcare and hospitality sectors in collaboration with NSDC, aims to address workforce shortages by providing industry-aligned training.

Emversity’s emphasis on creating predictable talent pipelines for industries in need has led to the enrollment of 4,500 learners across 40 campuses in under two years. The platform’s success in placing learners in key roles within healthcare and hospitality establishments underscores its effectiveness in bridging the gap between education and employment.

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