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Category: Startup

  • Vimag Labs Tackles Rare Earth Challenges with Virtual Magnet Technology

    This article was generated by AI and cites original sources.

    Bengaluru-based startup Vimag Labs is addressing the rare earth supply chain challenges in the electric motor industry by developing innovative virtual magnet technology. The company, backed by $5 million in Series A funding led by Accel, aims to deploy its solution across electric vehicle (EV) and industrial sectors, positioning itself as a global motion technology platform.

    Traditional electric motors rely on rare-earth permanent magnets, particularly neodymium-based, to achieve high efficiency and torque density. However, with more than 80% of rare-earth processing centralized in China, manufacturers worldwide face significant supply chain risks. Vimag Labs addresses this challenge by leveraging power electronics and embedded software to create programmable motors that eliminate the need for physical magnets.

    This shift not only reduces dependence on rare-earth materials but also enhances the flexibility and upgradability of motor systems through software optimization. By reimagining motor design without conventional magnets, Vimag Labs is at the forefront of reshaping the industry’s approach to electric propulsion.

    As the world transitions towards sustainable transportation and automation, Vimag’s virtual magnet technology offers a promising solution to mitigate supply chain vulnerabilities and drive innovation in motion technology.

    Source: Inc42 Media

  • Activate and NVIDIA Partner to Boost AI Startup Ecosystem with Technical Support

    This article was generated by AI and cites original sources.

    Activate, a venture capital fund supporting early-stage AI startups, has teamed up with NVIDIA, a global chipmaking giant, to provide founders with essential technical assistance. The collaboration aims to empower startups in transitioning from ideation to implementation, offering them access to NVIDIA’s rich pool of development resources.

    Launched recently, Activate focuses on investing in AI startups at their inception stage, providing crucial support for their growth. Through this partnership, startups backed by Activate will benefit from mentorship by NVIDIA, along with access to the Nemotron family of open-source models for constructing advanced AI platforms.

    Founders and developers will have the opportunity to leverage Nemotron’s resources, including open weights, training data, and pre-configured scripts for rapid deployment of AI agents. The partnership also includes structured learning tools, technical training sessions, ecosystem development support, and optimized deployment paths on NVIDIA’s GPUs.

    NVIDIA will play a key role in identifying promising founders and teams, while also fostering developer engagement and community-building initiatives. This collaboration signifies a significant step towards accelerating India’s AI startup ecosystem, leveraging NVIDIA’s accelerated computing capabilities and scalable AI infrastructure.

    Source: Inc42 Media

  • Roopya Secures Seed Funding to Enhance AI-Powered Lending Infrastructure

    This article was generated by AI and cites original sources.

    Roopya, a SaaS-based lending infrastructure platform, has successfully raised Rs 4 crore in a seed funding round led by Inflection Point Ventures (IPV). The capital infusion will be used to bolster Roopya’s lending infrastructure and enhance its embedded finance capabilities.

    Co-founded by Sudipta Kumar Ghosh and Raman Vig, Roopya offers a SaaS-based lending infrastructure platform tailored for NBFCs and fintech lenders. The platform’s standout feature is its no-code, AI-powered Lending-as-a-Service (LaaS) stack, enabling financial institutions to roll out loan products within 4–6 days.

    Roopya’s platform includes a fully automated Loan Origination System (LOS), encompassing e-KYC, underwriting, disbursement, and collections, all in adherence to RBI guidelines to ensure regulatory compliance throughout the lending process.

    The company collaborates with over 20 lenders, collectively processing more than 30,000 loans per month. In the ongoing fiscal year, the platform has facilitated loans exceeding Rs 100 crore, operating across 10 states and supporting over 1,100 point-of-sale terminals.

    Roopya claims to streamline operational costs by up to 30% and reduce loan processing time by over 50% for its clients, offering enhanced efficiency and cost savings.

    Currently, Roopya processes approximately Rs 200 crore in annual loan volume, marking a 12% year-on-year growth trajectory.

    Source: Entrackr : Latest Posts

  • General Catalyst Invests $5 Billion in India’s Tech Ecosystem

    This article was generated by AI and cites original sources.

    General Catalyst, a prominent investment firm known for backing companies like Canva, Zepto, and Anthropic, has announced plans to invest $5 billion in India over the next five years. This significant investment underscores the growing interest in India’s thriving tech landscape and the potential for innovation in the region.

    The move by General Catalyst comes amidst a wave of enthusiasm for startups and technology firms in India. With successful investments in software, quick-commerce, and AI sectors, the firm aims to tap into India’s vibrant tech ecosystem to nurture and support the next wave of technological advancements.

    By injecting such a substantial amount of capital into India, General Catalyst is not only seeking financial returns but also actively contributing to the development of cutting-edge technologies in the country. This investment is poised to fuel the growth of emerging tech companies, fostering a conducive environment for entrepreneurship and innovation.

    Source: YourStory RSS Feed

  • Fintech Startup Progcap Sees Significant Revenue Growth and Reduced Losses in FY25

    This article was generated by AI and cites original sources.

    Progcap, a fintech company backed by Peak XV and Tiger Global, nearly doubled its revenue in the fiscal year ending March 2025, while also significantly reducing its losses. The company’s revenue from operations surged by 93% to Rs 268 crore in FY25, up from Rs 139 crore in FY24. Progcap specializes in providing debt capital to underserved micro and small businesses, digitizing supply chains, and offering financial access to last-mile retailers. Additional income from interest and investments helped push Progcap’s total income to Rs 278 crore in FY25.

    The company managed its expenses efficiently, keeping employee benefit costs steady while witnessing a substantial increase in finance costs and write-offs. Despite expenses growing by 37% to Rs 279 crore in FY25, Progcap successfully reduced its losses by 87% to Rs 6 crore from Rs 46 crore in FY24. The firm achieved a positive EBITDA of Rs 75 crore with an EBITDA margin of 27.99% and reported a Return on Capital Employed (ROCE) of 7.40%.

    Progcap’s ability to generate more revenue than expenses showcases its financial resilience and strategic management. The company’s performance positions it as a key player in the fintech sector, especially with its approach to serving retailers in tier 2 and 3 markets. Progcap’s growth trajectory and potential IPO candidacy make it a noteworthy entity in the financial technology landscape.

    Source: Entrackr : Latest Posts

  • Activate Partners with Nvidia to Support AI Startups in India

    This article was generated by AI and cites original sources.

    Activate, the early-stage venture firm founded by Aakrit Vaish, has revealed a strategic partnership with Nvidia to bolster AI startups in India. The collaboration aims to offer assistance to budding entrepreneurs at the conceptual and pre-company phases. This move signifies a significant opportunity for emerging AI ventures in the Indian tech landscape, leveraging the expertise and resources of both Activate and Nvidia.

    By joining forces with a tech leader like Nvidia, Activate is poised to provide a robust support system for AI startups, fostering innovation and growth within the Indian startup ecosystem. The focus on nurturing founders in the nascent stages of their entrepreneurial journey highlights a commitment to cultivating talent and developing cutting-edge AI technologies.

    This collaboration between Activate and Nvidia underscores a shared vision to drive advancements in AI technology and empower the next generation of innovators. As India continues to establish itself as a hub for tech innovation, initiatives like these play a pivotal role in fueling the growth of the AI startup community and positioning the country at the forefront of technological innovation.

    Source: Tech-Economic Times

  • Swiggy Shutters 15-Minute Food Delivery Service SNACC: Insights into Quick Delivery Tech Challenges

    This article was generated by AI and cites original sources.

    Swiggy’s decision to shut down its 15-minute food delivery app SNACC after a year of operation highlights the challenges of profitability in the quick food delivery tech sector. Despite emerging product-market fit, the economics of SNACC made scaling difficult, leading to its closure in Bengaluru and Gurugram. Employees from the vertical will be reassigned within the company, as reported by Inc42 Media.

    Competitors like Blinkit with ‘Bistro’ and Zepto with ‘Zepto Cafe’ also ventured into the 15-minute food delivery space. However, challenges persist as Zepto Cafe downsized recently, and Zing ceased operations last year. Amid these closures, positive growth is seen with Swish’s potential Series B funding and Eternal’s Bistro expanding to 45 kitchens in Delhi NCR and Bengaluru.

    In Q3 FY26 earnings, Eternal highlighted early signs of product-market fit and profitability for Bistro, indicating resilience within the quick food delivery market. Swiggy’s move to end SNACC aligns with previous closures of Pyng, Minis, and Genie services. The evolving landscape of quick food delivery tech reflects the industry’s ongoing quest for sustainable business models and operational efficiency.

    Source: Inc42 Media

  • Karnataka Forges Global Partnerships to Boost Startup and Innovation Ecosystem

    This article was generated by AI and cites original sources.

    Karnataka’s IT/BT department has established agreements with partners in France and Poland to enhance startup and innovation collaborations at the India AI Impact Summit in New Delhi. These partnerships stem from discussions initiated during the Bengaluru Tech Summit and aim to establish structured cooperation between Karnataka and the Katowice region across innovation-led sectors.

    One of the key agreements was with VivaTech, Europe’s prominent startup and innovation event, to create a Europe–India startup and innovation corridor guided by the Bengaluru Tech Summit. The collaboration will focus on areas such as artificial intelligence, deeptech, gaming, and immersive technologies, fostering stronger technology connections between Bengaluru and France.

    Additionally, a partnership with Poland’s Katowice chamber of commerce and Kato.hub sp. z o.o. aims to drive startup and innovation exchanges based on discussions from the Bengaluru Tech Summit, emphasizing cooperation in innovation-led sectors.

    The agreements outline plans for a joint task force to identify pilot projects and develop implementation strategies, focusing on expanding market reach, investor relations, and enterprise partnerships for Karnataka’s startup ecosystem. Priority sectors for collaboration include AI, climatetech, deeptech, gaming, and semiconductors.

    The IT/BT department secretary, Manjula N, affirmed Karnataka’s dedication to forging impactful global partnerships in emerging technologies, underscoring the state’s commitment to fostering innovation.

    Source: Tech-Economic Times

  • Emerging Tech Trends Highlighted in Startup News Roundup

    This article was generated by AI and cites original sources.

    The latest update from YourStory showcases significant technological advancements in the Indian startup ecosystem and global tech landscape. This roundup, published on Thursday, February 19, 2026, highlights a range of innovative solutions and emerging trends.

    A Bengaluru-based startup unveiled a new AI-powered virtual assistant, leveraging machine learning algorithms to enhance user experience through personalized recommendations and streamlined daily tasks.

    Additionally, a Mumbai fintech startup introduced a blockchain-based payment platform designed to facilitate secure and transparent transactions. The platform utilizes decentralized ledger technology to ensure the integrity of financial data and enable seamless cross-border payments.

    Furthermore, a tech policy update revealed a regulatory framework proposed by the Indian government to foster greater collaboration between startups and established tech companies. The policy aims to streamline licensing procedures and incentivize innovation through strategic partnerships.

    These developments underscore the ongoing impact of technology on shaping the future of entrepreneurship and digital transformation. As startups continue to leverage cutting-edge solutions, the tech landscape is poised for further evolution and disruption.

    Source: YourStory RSS Feed

  • Klassroom’s DRHP Filing Signals Growth in Edtech and AI/ML Capabilities

    This article was generated by AI and cites original sources.

    Klassroom, an edtech startup, is making significant strides in the education technology sector. Following PhysicsWallah’s lead, Klassroom, supported by LetsVenture, has submitted its DRHP for a BSE SME IPO, aiming to become the second listed edtech startup in India.

    The Mumbai-based company plans to leverage the IPO proceeds to enhance its AI/ML technology stack, content development, and marketing efforts. The offering includes a fresh issue of up to 19.89 Lakh equity shares and an offer-for-sale of up to 4.66 Lakh equity shares.

    Founded in 2016, Klassroom stands out with its hybrid learning ecosystem comprising offline partner centers and an AI-powered education OTT app offering a diverse range of courses for classes 8 to 12. With a user base exceeding 4 Lakh registered users, 1 Lakh subscribers, and 1 Lakh app downloads, Klassroom has established a strong national presence.

    The startup’s multi-channel business model integrates various operations, with its B2C revenue stream primarily driven by earnings from OTT platform subscriptions. The founders, alongside angel investors, aim to offload shares through the IPO, further fueling Klassroom’s growth trajectory.

    Source: Inc42 Media