Category: Startup

Drug discovery startup Peptris has secured Rs 70 crore ($7.7 million) in a Series A funding round co-led by IAN Alpha Fund and Speciale Invest, among others. The new funds will enable Peptris to progress towards clinical readiness, expand its pipeline, and strengthen its teams specializing in biology, chemistry, data science, and AI.

Founded in 2019, Peptris utilizes AI models to create innovative molecules and forecast crucial drug development parameters, aiming to minimize failures in the drug discovery process. This approach has already led to the discovery of Novel Chemical Entities (NCEs) and opportunities for repurposing existing drugs.

Despite advancements in science, drug discovery remains a slow, costly, and failure-prone endeavor, leaving significant unmet medical needs. Peptris’ platform not only generates unique molecules but also forecasts vital drug development parameters early on, enabling quicker and more informed decision-making. This has resulted in the discovery of NCEs and opportunities for drug repurposing and rescue, with multiple programs progressing towards clinical development.

The Bengaluru-based startup plans to launch several new NCE programs and multiple drug repurposing initiatives. By following a business-to-business (B2B) engagement model, Peptris collaborates closely with pharmaceutical, biotech, and select FMCG partners to license assets and co-develop programs. Focused on therapeutic areas like rare diseases, inflammation, oncology, and women’s health, Peptris aims to make a lasting impact on patients, caregivers, and healthcare systems worldwide.

Source: Entrackr : Latest Posts

Truboard Partners, an asset performance platform, has raised Rs 20 crore ($2.2 million) in a funding round led by Earth Fund, a venture capital firm focused on environment and sustainability. This Mumbai-based company, founded in 2020 by Srickant Rajagopal, Nandkumar Surti, and Vipul Thakore, specializes in AI-driven asset performance management software.

The funding will be used to enhance the product foundation and expand the platform across various asset classes. Truboard Partners’ software offers comprehensive portfolio intelligence to lenders, equity investors, and asset owners managing real and financial assets. By providing 360-degree visibility into investment performance, risk management, and operational efficiency, the platform aims to help institutions optimize portfolio returns through data-driven decision-making.

Truboard Partners’ platform is widely used by investors and operators to manage diverse multi-asset portfolios in India’s real estate and energy sectors, with recent expansions into the US and EU markets. The company collaborates with developers, lenders, and institutional investors, offering a unified operating layer for managing real estate and energy assets across debt and equity structures.

By focusing on bringing structure and transparency to post-investment asset monitoring in India’s real asset ecosystem, Truboard Partners aims to convert fragmented data into actionable insights. This process reduces lender visibility timelines, enhances risk management, and empowers asset owners to achieve higher returns.

Source: Entrackr : Latest Posts

Zypp Electric, a B2B delivery and shared mobility startup, reported a 50% year-on-year revenue increase in the fiscal year ending March 2025, surpassing Rs 400 crore in revenue. The company’s revenue from operations grew to Rs 438 crore in FY25 from Rs 293 crore in the previous fiscal year. Zypp Electric operates as an EV-as-a-service platform, offering electric vehicle rentals and delivery services through its e-scooter fleet for gig workers. Revenue from delivery services constituted 74% of the operating revenue, climbing 56% to Rs 323 crore in FY25.

Income from vehicle rentals also experienced growth, reaching Rs 111 crore in FY25 compared to Rs 84 crore in FY24. However, despite the revenue growth, the company faced challenges, with total expenses escalating by 42% to Rs 556 crore in FY25 from Rs 392 crore in FY24. This surge in costs resulted in Zypp Electric recording a loss of Rs 107.5 crore in FY25, a significant increase from the Rs 89.5 crore loss in FY24. The company’s ROCE and EBITDA margins stood at -52.16% and -15.98%, respectively.

Zypp Electric’s financial performance underscores the competitive landscape in the EV industry and the challenges faced by startups in scaling operations while managing costs effectively. The company’s ongoing efforts to secure funding, including raising Rs 55.4 crore ($6.5 million) from investors, reflect its commitment to sustaining growth and innovation in the evolving electric mobility sector.

Source: Entrackr : Latest Posts

EV charging startup Statiq has successfully raised $18 million in a funding round that included equity and debt financing, with Tenacity Ventures leading the investment and participation from Y Combinator, Shell Ventures, and RCD Holdings.

The funding will be used to expand Statiq’s EV charging infrastructure and grow its presence in Tier I and II cities, focusing on enhancing hardware lifecycle and advanced telematics, as per the company’s press release.

Established in 2020 by Akshit Bansal and Raghav Arora, Statiq specializes in building and managing EV charging infrastructure. The startup offers a consumer app for locating and reserving charging points, combining hardware and software services. Statiq’s revenue primarily comes from its hardware segment, which includes chargers and related infrastructure. Additionally, the company operates a financing program in partnership with State Bank of India to accelerate infrastructure development.

Statiq’s mobile app users can access charging services from its network and other providers like E-Fill, Sunfuel, and GLIDA. By collaborating with government entities, automakers, and hospitality firms, Statiq has expanded its charging network to over 100 cities, boasting more than 10,000 installed chargers. In a competitive sector, Statiq faces opposition from well-funded startups such as Charge Zone, ElectricPe, Bolt.Earth, and IPEC, aiming to double its charger installations by the close of 2026.

Source: Entrackr : Latest Posts

Social investing and stock market advisory platform StockGro is set to secure up to $15 million in its pre-Series C funding round, with Tawuniya, Saudi Arabia’s largest insurance company, as the primary investor. The Bengaluru-based firm, founded in 2020 by Ajay Lakhotia, specializes in providing a platform for trading and investing supported by expert insights and AI-based research in a community-driven format. Recently, StockGro introduced Stoxo, a research platform tailored to offer investment analysis to its user base exceeding 35 million individuals.

This forthcoming investment follows the recent closure of StockGro’s Series B1 round in January 2026, where $13 million was raised from Bitkraft Ventures. Prior to that, the company secured $17 million in a Series B round led by Mukul Agrawal’s Param Capital.

StockGro, having amassed a total of $97 million in funding from various sources including General Catalyst, SBI Holdings, and a SoftBank subsidiary, continues to expand its presence in India’s retail investment market. Although the company’s FY25 financial statements are pending, its FY24 figures revealed a 34% decline in revenue to Rs 86.5 crore and an 84% widening of losses to Rs 101 crore.

Competing with key players like Groww, Zerodha, and Upstox in the retail investment sector, StockGro differentiates itself through a focus on social investing and research-oriented tools as it aims to enhance its market footprint.

Source: Entrackr : Latest Posts

Pluto Mobility, an electric vehicle (EV) startup, has raised $2 million in a seed funding round. The funding was led by Version One Ventures, with participation from Grad Capital and founders/executives from companies like Delhivery, OfBusiness, Pixxel, and Boom Supersonic.

With the new capital, Pluto Mobility aims to enhance its engineering and product development, grow its team, and initiate pilot deployments in key urban markets. Co-founded by Akshat Bhatia and Himanshu Panda, the Delhi-based startup specializes in electric vehicles for last-mile logistics.

Pluto Mobility’s focus is on creating scooter-sized, fully enclosed electric delivery vehicles that are resilient in adverse weather and can handle double the orders of traditional two-wheelers. The company prioritizes throughput, durability, and cost efficiency in its vehicle design, while keeping fleet complexity low.

Pluto Mobility plans to kick off pilot deployments in 2026, targeting e-commerce and quick-commerce operators, as part of its commitment to revolutionizing last-mile delivery with sustainable EV solutions.

Source: Entrackr : Latest Posts

Swiggy, the Bengaluru-based food delivery giant, has shut down its standalone app Snacc, which was designed for ultra-fast 10-15 minute food deliveries. Launched in January 2025, Snacc focused on the quick delivery of snacks, beverages, and ready-to-eat items through centrally stocked hubs. This move comes less than a year after its inception, as reported by Entrackr.

In an internal email, Swiggy highlighted its strong overall food delivery business growth, emphasizing disciplined capital allocation and scalable initiatives. The company’s food delivery segment saw a 20.5% year-on-year growth, attributed to a rise in order volume and increasing average order values (AOVs).

While Snacc initially operated in select areas of Bengaluru, Gurugram, and Noida, it never saw a national expansion. This closure mirrors similar actions by competitors like Zomato, Zepto Café, and Ola, who paused or restructured their quick-delivery services due to market challenges.

However, the sector remains dynamic, with reports of fast-delivery startup Swish seeking substantial funding. This indicates ongoing investor interest despite recent setbacks in the quick-delivery space.

Source: Entrackr : Latest Posts

Edtech startup Klassroom has filed its Draft Red Herring Prospectus (DRHP) to go public on the SME platform of the Bombay Stock Exchange, according to Entrackr. The IPO includes fresh equity shares and an offer-for-sale by existing stakeholders.

The funds raised will support debt repayment and enhance Klassroom’s technology stack, focusing on AI/ML capabilities, content development, and marketing strategies. This move follows the company’s shift to a public limited entity, as reported by Entrackr last year.

Established in 2016, Klassroom operates a hybrid learning model that combines an AI-powered education OTT platform with offline partner centers, targeting students from Classes 8 to 12. The company’s approach, which includes recorded and live classes, as well as a franchise-led expansion strategy, sets it apart in the edtech landscape.

Klassroom’s IPO submission comes as the edtech sector shows signs of recovery. The company has reported commendable financial growth, with revenue surging by 120% to Rs 10.1 crore in FY25 and net profit reaching Rs 2.9 crore. In the first half of FY26, the company reported operating revenue of Rs 12.4 crore and a net profit of approximately Rs 4 crore.

Source: Entrackr : Latest Posts