wayr today India

Category: Startup

  • Indian Venture Firms Embrace Government Fund to Boost Deeptech Startups

    This article was generated by AI and cites original sources.

    Over 100 Indian venture capital firms, including Mela Ventures, Blume, and Ideaspring, have applied for the Indian government’s Rs 1 lakh crore RDI fund to support deeptech startups, reports Tech-Economic Times. The fund, overseen by the DST, provides various financial instruments like loans, equity, or fund contributions to nurture the growth of India’s tech landscape.

    This surge in applications signifies a growing focus on deeptech within India’s startup ecosystem. By leveraging the RDI fund, venture capital firms aim to fuel innovation and propel the development of cutting-edge technologies across various sectors.

    Deeptech, characterized by its focus on fundamental technological advancements and disruptive innovations, holds the potential to revolutionize industries and drive economic growth. The government’s initiative to channel funds towards deeptech startups not only fosters entrepreneurship but also cultivates a fertile ground for technological breakthroughs.

    With the increasing convergence of venture capital and deeptech, the Indian tech sector is poised for accelerated evolution and global competitiveness, paving the way for a vibrant innovation-driven economy.

    Source: Tech-Economic Times

  • CRED Granted Final Payment Aggregator License by RBI

    This article was generated by AI and cites original sources.

    The Reserve Bank of India (RBI) has officially authorized CRED to function as a Payment Aggregator (PA), a significant milestone for the fintech company. This endorsement empowers CRED to enlist merchants, conduct payments on their behalf, and oversee settlements and refunds across various payment methods.

    The approval has been granted to Dreamplug Paytech Solutions Private Limited, the entity overseeing CRED’s payment operations. This green light now places the company’s payment system directly under the regulatory oversight of the RBI.

    This final authorization arrives approximately two years after the initial in-principle approval granted by the RBI, signifying a crucial step in CRED’s operational scope.

    Additionally, CRED and its affiliated entities currently possess a spectrum of regulatory licenses, including a Prepaid Payment Instrument (PPI) license from the RBI and a corporate agency license from the Insurance Regulatory and Development Authority of India.

    In the fiscal year 2025, CRED facilitated payments amounting to over Rs 8.5 lakh crore for more than 1.5 crore users, solidifying its significant impact on India’s financial landscape. The company claims that a substantial portion of credit card bill payments in India are currently channeled through its platform.

    Established by Kunal Shah, CRED offers users a comprehensive suite of financial management tools, including credit card payment management, credit score tracking, and financial activity monitoring across accounts.

    Source: Entrackr : Latest Posts

  • Transformative Tech Innovations Shaping the Startup Landscape

    This article was generated by AI and cites original sources.

    In the constantly evolving startup ecosystem, technology continues to play a pivotal role in driving innovation and addressing diverse societal needs. This daily news roundup highlights significant tech developments that are transforming the Indian startup landscape and beyond.

    A Mumbai-based fintech startup has unveiled a cutting-edge AI-driven personal finance management tool, aiming to revolutionize how individuals handle their finances by providing real-time insights and personalized recommendations.

    Additionally, a Bengaluru healthtech startup has announced the launch of a telemedicine platform powered by blockchain technology. This platform promises to enhance the accessibility and security of remote healthcare services, catering to the growing demand for convenient yet reliable medical consultations.

    Furthermore, a Delhi-based edtech startup has introduced an immersive virtual reality (VR) learning experience for students. By leveraging VR technology, the startup aims to transform traditional education methods and offer engaging, interactive lessons that stimulate students’ curiosity and creativity.

    These examples underscore the ongoing trend of startups harnessing technology to innovate and address various societal needs. As the startup ecosystem embraces technological advancements, such initiatives demonstrate the transformative power of tech-driven solutions across diverse sectors.

    Source: YourStory RSS Feed

  • M2P Fintech Expands Tech Infrastructure, Drives Revenue Growth Despite Widening Losses

    This article was generated by AI and cites original sources.

    Banking infrastructure startup M2P Fintech reported a 33% year-over-year increase in operating scale, surpassing the Rs 500 crore revenue mark in the fiscal year ending March 2025. The company’s API infrastructure enables businesses to launch branded financial services through fintech partnerships across Asia Pacific, MENA, and Oceania.

    Despite the revenue surge to Rs 506 crore, up from Rs 382 crore in FY25, M2P Fintech’s costs escalated by 90% during the same period. The firm’s revenue streams include API usage fees, card management charges, and commissions from banking collaborations.

    While the company generated revenue primarily domestically, it saw minimal export earnings. Notably, M2P also received income from non-operational sources, totaling Rs 531 crore last fiscal year.

    Technology expenditures, cloud services, and co-branding accounted for a significant portion of M2P’s costs, doubling to Rs 325 crore in FY25. Employee benefits expenses rose by 24%, reaching Rs 311 crore.

    Legal, advertising, and other overheads contributed to M2P’s total expenses of Rs 786 crore, reflecting a 49% year-over-year surge. The company’s losses widened by 91%, driven by increased technology-related costs.

    Source: Entrackr : Latest Posts

  • Officebanao Secures $7.7M to Enhance AI-Powered Commercial Interior Design

    This article was generated by AI and cites original sources.

    Indian startup Officebanao has successfully raised $7.7 million in funding to advance its technological capabilities in the commercial interiors sector. The investment will primarily focus on integrating artificial intelligence (AI) and machine learning into Officebanao’s platform, enabling automated design processes, predictive scheduling, and intelligent procurement matching.

    By leveraging AI and machine learning, Officebanao aims to streamline interior design projects, enhance efficiency, and deliver tailored solutions to their clients. The integration of these technologies is expected to revolutionize the way commercial spaces are conceptualized, planned, and executed, marking a significant step forward in the evolution of the interior design industry.

    This funding round underscores the growing importance of tech-driven solutions in traditional industries like commercial interiors. Officebanao’s decision to invest in AI and machine learning highlights the company’s commitment to innovation and staying at the forefront of technological advancements within the sector.

    Source: YourStory RSS Feed

  • Narayana Health’s Drone Partnership: Revolutionizing Healthcare Logistics

    This article was generated by AI and cites original sources.

    Narayana Health, a Bengaluru-based hospital chain, has partnered with drone startup Airbound to enhance their logistics operations. The collaboration aims to streamline the transportation of blood samples and units between the hospital’s facilities within the city using drones. This initiative, which began its pilot phase last year, demonstrates the potential for drone technology to transform healthcare logistics.

    Airbound, headquartered in Bengaluru, has achieved a significant milestone by conducting over 700 drone flights without any incidents over a span of 54 consecutive days. Each flight can carry up to 40 samples, showcasing the efficiency and reliability of drone-led transportation in the medical field.

    This partnership between Narayana Health and Airbound not only highlights the growing adoption of drone technology but also underscores its transformative impact on traditional healthcare logistics. By leveraging drones for transporting vital medical supplies, the collaboration sets a new standard for efficiency and speed in the healthcare sector, potentially reducing the reliance on standalone labs and optimizing resource utilization.

    Source: Tech-Economic Times

  • Ultrahuman Secures Substantial Series C Funding for Redesigned Smart Ring

    This article was generated by AI and cites original sources.

    Ultrahuman, the Bengaluru-based wearable technology company, has successfully closed a significant Rs 400 Cr Series C funding round. This latest investment follows the company’s recent approval to reintroduce its redesigned smart ring into the US market.

    The funding round, led by undisclosed investors, demonstrates the confidence in Ultrahuman’s innovative wearable technology. The smart ring, known for its health and fitness tracking capabilities, is poised to make a strong comeback in the competitive wearables market.

    Ultrahuman’s ability to secure substantial funding highlights the growing interest in health-focused wearable devices and the potential for technology to enhance personal wellness. With this new capital injection, the company is well-positioned to further develop its smart ring technology and expand its market presence.

    This successful funding round not only fuels Ultrahuman’s growth but also signifies the continued support for advancements in wearable tech that promote active and healthier lifestyles.

    Source: YourStory RSS Feed

  • Swish Secures $30M Series B Funding to Expand Ultra-Fast Food Delivery

    This article was generated by AI and cites original sources.

    Bengaluru-based food delivery startup Swish has secured Rs 282.5 crore, approximately $30 million, in its Series B funding round. The investment is led by existing investor Hara Global and includes participation from Accel India and Bain Capital Ventures.

    Swish plans to issue 5,843 Series B compulsory convertible preference shares to raise the mentioned amount, as per regulatory filings. Hara Global Capital will lead the round with a $14 million investment, followed by Bain Capital Ventures and Accel India contributing around $10 million and $7 million, respectively.

    Estimates indicate that Swish’s valuation is expected to increase over 2.4 times to around $140 million post-money, compared to $60 million from its previous Series A round.

    Accel India will hold the largest stake at 26.2% after the new round, followed by Hara Global at 20.43%. Bain Capital Ventures, a new investor, will possess a 7.19% stake. Swish’s co-founders Aniket Shah, Sureshkumar Saran, and Ujjwal Sukheja will each retain 12.72% ownership.

    Founded in 2024, Swish operates on a 10-minute delivery model within a 1.5–2 km radius using cloud kitchens termed delight centers. This funding will likely boost Swish’s technological infrastructure to enhance its ultra-fast food delivery services.

    Source: Entrackr : Latest Posts

  • Tech Alumni Fuel Startup Surge: Zomato, Freshworks, and Zoho Founders Launch Over 360 New Ventures

    This article was generated by AI and cites original sources.

    A wave of startups has emerged from the second generation of the startup ecosystem, with founders from companies like Zomato, Freshworks, and Zoho collectively launching approximately 360 new ventures by March 2026. This surge follows a previous count of 253 companies in 2023, showcasing the continued momentum in the startup landscape.

    The data, sourced from Longhouse and analyzed by ET, highlights the significant role played by alumni from successful tech companies in fueling innovation and entrepreneurship. These founders leverage their experience and expertise gained from industry-leading firms to drive the next wave of technological advancements and business solutions.

    With each new startup, there is the potential for new technologies, services, and business models to enter the market, offering fresh perspectives and driving competition. The collaborative network and knowledge exchange within the startup community further enhance the ecosystem, fostering creativity and growth.

    This trend underscores the ongoing influence of established tech companies beyond their immediate operations, extending into the broader entrepreneurial landscape. As the number of startups continues to rise, the tech industry stands to benefit from diverse offerings, increased competition, and accelerated innovation, ultimately shaping the future of technology and business.

    Source: Tech-Economic Times

  • Atomberg Expands into B2B Manufacturing to Diversify Revenue Streams

    This article was generated by AI and cites original sources.

    Atomberg, a home appliance startup, is diversifying its revenue streams by venturing into manufacturing components for large appliances. The Mumbai-based company aims to bolster its financial standing ahead of an anticipated IPO. Atomberg is set to file for a $220 million IPO and is currently in discussions with its board to finalize the public listing details. The company is projected to achieve a 25-30% growth in operating revenue for FY26.

    Atomberg’s strategic move involves investing ₹150-200 crores to establish a 1.5 lakh sq ft manufacturing facility in Pune. The startup’s subsidiary, Atomberg Innovation Private Limited, is now involved in designing and producing motors and controllers for air conditioners, refrigerators, and washing machines supplied by original equipment manufacturers (OEMs). Atomberg has secured collaborations with major OEMs such as Godrej and Voltas as component providers, with plans to expand its clientele further.

    The company’s founder and CEO, Manoj Meena, highlighted the successful development of India’s first indigenous compressors for air conditioners, attributing this milestone to the growing traction of their B2B venture. Atomberg aims to extend its B2B operations beyond the household appliance industry, targeting sectors like automobiles, industrial applications, medical equipment, defense, and space. The company already has agreements in place for utilizing its motor technology in drone applications and is partnering with European firms for industrial-scale AC motor production.

    Source: Inc42 Media