wayr today India

Category: Startup

  • Innovative Tech Solutions Highlighted in Startup News Roundup

    This article was generated by AI and cites original sources.

    The latest daily news roundup from the Indian startup ecosystem showcases several innovative tech solutions that are transforming various industries.

    A Bengaluru-based startup has developed an AI-powered virtual assistant with advanced natural language processing capabilities, aiming to enhance customer service interactions by providing personalized and efficient solutions.

    Additionally, a Mumbai startup has launched a blockchain-based supply chain management platform, promising improved transparency and traceability to address key challenges in logistics operations.

    Furthermore, a health tech startup from Delhi has introduced a remote patient monitoring system leveraging Internet of Things (IoT) technology. This system enables healthcare providers to remotely track vital health data, improving patient care accessibility and efficiency.

    These tech advancements underscore the ongoing drive for innovation within the startup landscape, signaling the sector’s commitment to developing cutting-edge solutions that address diverse market needs.

    Source: YourStory RSS Feed

  • Mintoak Expands Fintech Offerings with Acquisition of Dubai’s ICC Loyalty

    This article was generated by AI and cites original sources.

    Mumbai-based Merchant SaaS platform Mintoak is making strategic moves to expand its fintech offerings. The company has secured Rs 80 crore in debt from BlackSoil to facilitate the acquisition of Dubai-based customer loyalty management platform, Innovative Consumer Concepts (ICC Loyalty). This acquisition marks Mintoak’s second in the past year, demonstrating its commitment to growth and diversification.

    Mintoak’s recent board resolution approves the issuance of up to 1,600 Non-Convertible Debentures (NCDs) to raise the necessary funds. ICC Loyalty, a fintech platform by ICC Fintech, specializes in digital loyalty and rewards solutions for brands and financial institutions, enhancing customer engagement and retention through innovative programs.

    Founded by Raman Khanduja, Rama Tadepalli, and Sanjay Nazareth, Mintoak offers a suite of SaaS products that enable banks and merchant acquirers to better serve SME customers and promote financial product cross-selling. The company’s financial performance has been robust, with operating revenue increasing by 27.9% year-on-year in FY25, reaching Rs 92.85 crore.

    This acquisition follows Mintoak’s earlier purchase of fintech startup Digiledge, underscoring its strategic focus on expanding its offerings and market presence. By integrating ICC Loyalty’s capabilities, Mintoak aims to strengthen its position in the competitive fintech landscape and deliver enhanced value to its clients and partners.

    Source: Entrackr : Latest Posts

  • Inamo Secures $8M to Enhance Quick Commerce Infrastructure

    This article was generated by AI and cites original sources.

    Inamo, a quick-commerce enablement platform, has raised $8 million in Series A funding to bolster its technological capabilities and expand its operational network. The funding will primarily fuel the growth of Inamo’s dark store infrastructure, enhance its tech stack, expedite the onboarding process for new brands, and facilitate entry into additional product categories.

    This investment underscores the significance of technology in the quick-commerce sector, where efficiency and rapid delivery are paramount. By strengthening its tech stack, Inamo aims to optimize operations, improve order processing, and enhance the overall customer experience.

    Through the expansion of its dark store network, Inamo intends to establish a robust logistical framework to support the swift fulfillment of orders and enable timely deliveries to customers. Moreover, the platform’s foray into new product categories signals its commitment to diversification and innovation within the quick-commerce ecosystem.

    Source: YourStory RSS Feed

  • Indian Startup Funding Reaches $2 Billion in February Amid Major Investment

    This article was generated by AI and cites original sources.

    Indian startup funding experienced a notable increase in February 2026, totaling $2 billion across 134 deals. This surge was primarily attributed to a substantial $1.2 billion equity plus debt round secured by Neysa, significantly impacting the month’s funding landscape. While no other startup secured a deal exceeding $100 million, the month witnessed varied funding activities.

    The data gathered by Entrackr revealed that growth and late-stage funding dominated, accounting for $1.6 billion from 17 deals, with early-stage startups raising $405 million through 100 deals. Additionally, 17 funding rounds remained undisclosed, reflecting a diverse funding environment.

    Compared to previous months and the same period last year, February 2026 stood out with a remarkable funding increase. The month’s $2 billion funding surpassed January’s $930 million and December’s $870 million, signifying a positive trend. Year-on-year, the funding rebounded from $803 million in February 2025, with deal activity escalating from 98 to 134 deals.

    The top 10 growth-stage deals included Neysa’s $1.2 billion Series B round, Drivn securing $80 million, and IDfy raising $53 million in Series F funding. Noteworthy startups such as The Whole Truth and Supertails also attracted substantial investments, highlighting a diverse investment landscape spanning AI, EVs, SaaS, fintech, and more.

    In the early-stage funding category, Temple led with a $54 million seed round, followed by Showroom B2B at $17 million and Xflow securing $16.6 million in Series A rounds. These deals encompassed various sectors like healthtech, fintech, AI, semiconductors, e-commerce, and more, reflecting the broader scope of investments in the ecosystem.

    Source: Entrackr : Latest Posts

  • Ola Electric Faces Challenges Amid Declining EV Sales

    This article was generated by AI and cites original sources.

    Ola Electric, a key player in the electric vehicle market, has experienced a significant stock slump recently, with shares dropping by nearly 16% to hit an all-time low of ₹21.21 on the BSE. This decline was driven by a sharp decrease of almost 50% in its two-wheeler EV registrations in February, indicating challenges in the EV sector.

    Despite a partial recovery, the stock was still trading 4.68% lower at ₹24.04 on the BSE. Ola Electric’s market capitalization, which once peaked at around ₹69,000 Cr in 2024, has now fallen to ₹10,604 Cr amidst ongoing struggles.

    The company has been facing a prolonged period of pressure due to declining EV sales and substantial losses. In 2025, its EV sales plummeted by 51% compared to the previous year. Additionally, Ola Electric has been dealing with customer service complaints and regulatory investigations, including over 10,000 complaints received by the Central Consumer Protection Authority.

    Moreover, the issuance of a bailable arrest warrant against the company’s CEO, Bhavish Aggarwal, added to its challenges. This warrant was related to a missing escooter submitted for service in Goa, highlighting legal hurdles faced by the company.

    Looking ahead, Ola Electric aims to diversify its revenue streams by introducing ‘Ola Shakti’, a battery energy storage system. This strategic move reflects the company’s adaptation to market dynamics and its efforts to navigate through the current downturn.

    Source: Inc42 Media

  • Oxyzo Expands into Fund Management with Launch of Credit Fund I

    This article was generated by AI and cites original sources.

    Oxyzo, a technology-led NBFC, has ventured into fund management by introducing Oxyzo Credit Fund I (OCF-I) through its subsidiary, Oxyzo Investment Manager Private Limited. This performing credit fund aims to offer secured credit to mid-sized, investment-grade companies to support their growth capital needs.

    The fund, categorized as a Category II Alternative Investment Fund by SEBI, has successfully closed its initial round of funding, attracting investments from high-net-worth individuals, family offices, and institutional investors. Tourism Finance Corporation of India has also sanctioned an investment up to 5% of OCF-I’s total corpus.

    Oxyzo Investment Manager, operational since July 2025, plans to elevate its assets to approximately Rs 3,000 crore over the next few years. Emphasizing investments in ESG-compliant enterprises, OCF-I aligns with sustainable practices.

    In financial terms, Oxyzo Financial Services reported an operating revenue of Rs 1,207 crore in FY25, signaling a growth trajectory from the previous fiscal year. With total assets amounting to Rs 9,236 crore, Oxyzo has diversified into structured credit and fund management, broadening its financial services portfolio.

    Oxyzo’s recent achievement of unicorn status following a substantial Series A funding round underscores its growth trajectory. Parent company OfBusiness is preparing for a significant IPO, poised to combine a fresh issue with an offer for sale, indicating the company’s expansion plans.

    Source: Entrackr : Latest Posts

  • Turiyam.ai Secures $4 Million to Advance AI Hardware Platform Development

    This article was generated by AI and cites original sources.

    Bengaluru-based startup Turiyam.ai has recently raised $4 million in pre-seed funding to propel the development of its AI hardware platform. The funding round was led by Ankur Capital and Axilor’s Micelio Fund, marking a significant step for the company in enhancing its AI compute infrastructure capabilities.

    With the infusion of capital, Turiyam.ai aims to expedite product development, expand its team, and facilitate early deployments with enterprises and data centers both in India and abroad. The startup, founded in 2024 by Sanchayan Sinha, Parag Jain, and Praveen Jain, is focused on AI inference technology, specializing in deploying trained AI models for real-time applications at scale.

    Unlike conventional approaches that concentrate on training large models, Turiyam.ai is addressing the escalating costs and energy consumption associated with continuous AI system operations. By adopting a hardware-software co-design strategy, the company is developing a full-stack platform that integrates custom hardware with software, featuring a hybrid memory design and compiler-led optimization layer to enhance performance and efficiency for inference-heavy workloads.

    This strategic funding will also support the startup’s research and development endeavors and enable commercial deployments in the near future.

    Source: Inc42 Media

  • Supertails Achieves Significant Revenue Growth, Faces Widening Losses in FY25

    This article was generated by AI and cites original sources.

    Supertails, a pet care startup founded in 2021, has achieved a significant milestone by surpassing the Rs 100 crore revenue mark in the fiscal year ending March 2025. The company, founded by Varun Sadana, Aman Tekriwal, and Vineet Khanna, has positioned itself as a comprehensive digital platform catering to pet care needs.

    Supertails’ revenue growth was primarily driven by product sales, which accounted for nearly 95% of its total operating revenue. The company also provides veterinary services, contributing to its revenue stream. Despite the revenue growth, Supertails faced a 28% increase in losses, reaching Rs 52.5 crore in FY25, as it continued its expansion efforts. The company’s expenses surged by 53%, primarily attributed to costs of materials, employee benefits, marketing, and other overheads.

    Supertails’ financial performance highlights the challenges and opportunities in the pet care sector, showcasing the demand for digital solutions in pet parenting. The company’s strategic focus on product offerings and revenue diversification will be crucial in navigating the competitive landscape and sustaining growth.

    Source: Entrackr : Latest Posts

  • EV Startup Bounce Secures ₹36 Cr Funding for Expansion in India’s Gig Economy

    This article was generated by AI and cites original sources.

    EV startup Bounce has successfully raised ₹36 Cr ($3.9 Mn) in a recent funding round led by existing investors Accel and B Capital. The startup, founded in 2014 and initially focused on bike rentals, has now shifted its focus to the electric scooter market. With a total funding of over $200 Mn, Bounce plans to utilize the latest investment to strengthen its infrastructure for India’s gig economy, particularly in the realm of last-mile delivery.

    Bounce’s CEO, Vivekananda Hallekere, shared that the funding will fuel the growth of the company’s B2B EV rental ecosystem, emphasizing its Battery-as-a-Service (BaaS) platform and affordable scooter offerings for gig workers at ₹1 per km. Noteworthy partnerships with Sun Mobility and Swiggy demonstrate Bounce’s commitment to expanding its presence across key Indian cities and catering to the rising demand for electric mobility solutions.

    This strategic fundraise signifies a pivotal moment for Bounce as it embarks on a trajectory of rapid scale-up and diversification within the EV sector. The infusion of ₹36 Cr is set to pave the way for further innovation and expansion, solidifying Bounce’s position as a significant player in India’s evolving electric vehicle landscape.

    Source: Inc42 Media

  • Surging Demand for Instant House Help Services: A Tech-Driven Transformation

    This article was generated by AI and cites original sources.

    Snabbit, a leading player in the instant house help service sector, has seen a significant surge in demand, with over 800,000 orders in February. This growth trend mirrors the success of its competitors like Urban Company, which recently hit a milestone of 50,000 daily bookings, and Pronto, reaching 15,000 orders in a single day. These peak day metrics highlight the booming market for on-demand services that cater to the immediate needs of customers.

    Instant house help services leverage technology to efficiently and conveniently connect users with service providers. By offering a platform where users can easily book services at their convenience, companies like Snabbit are transforming the traditional service industry. The ability to fulfill thousands of orders in a day showcases the scalability and effectiveness of the technology-driven model adopted by these companies.

    This surge in demand not only underlines the growing preference for instant services but also signifies the impact of technology in reshaping how services are delivered and accessed. As Snabbit and its rivals continue to innovate and expand their reach, the tech-enabled service industry is likely to witness further growth and evolution in the coming years.

    Source: Tech-Economic Times