Tag: Entrackr : Latest Posts

Wealthtech startup Stable Money has secured $25 million in funding at a valuation of $175 million in a pre-Series C round, with Peak XV Partners leading the investment, alongside Z47, RTP Global, and Fundamentum Partnership. This capital injection aims to bolster Stable Money’s core platform, enhance access to savings products, and grow its team, according to a press release.

Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money offers a digital fixed income investment platform enabling users to earn stable returns through fixed deposits, bonds like Stable Bonds, and other low-risk instruments. The startup plans to deepen collaborations with banks and NBFCs to expand customer options and drive innovation.

With over 40 lakh users investing more than Rs 5,000 crore via its platform, Stable Money reported an operating revenue of Rs 104 crore in the fiscal year ending March 2025, showcasing significant growth from the previous year.

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Asset manager ICICI Prudential Mutual Fund has recently surpassed the 5% shareholding mark in Brainbees Solutions, the parent company of FirstCry, through additional share acquisitions. The mutual fund disclosed this development in a regulatory filing.

The purchase, made on February 16, 2026, involved 2,00,210 equity shares valued at approximately Rs 4.6 crore. Following this transaction, ICICI Prudential Mutual Fund’s total shares in Brainbees now amount to 2,62,47,897, representing a 5.028% stake in the company.

Prior to this acquisition, the fund held 4.990% of the company’s paid-up capital, indicating an increase of around 0.038% in Brainbees’ equity due to the latest purchase.

In a statement, the fund clarified that this investment was solely driven by an investment perspective and not motivated by any intentions to gain control over the company.

From a financial standpoint, FirstCry, under Brainbees Solutions, reported a revenue growth to Rs 2,424 crore in Q3 FY26 from Rs 2,172 crore in the previous year. However, the company also faced a 153% increase in losses, reaching Rs 38 crore in the same quarter.

Currently, FirstCry’s share price is trading at Rs 220.25 per share, with a market capitalization of approximately Rs 14,096 crore ($1.2 billion).

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Vervesemi, a fabless semiconductor startup, has secured $10 million in a Series A funding round co-led by Ashish Kacholia and Unicorn India Ventures. This investment aims to accelerate the commercialization of Vervesemi’s machine learning-enhanced analog signal chain IC portfolio and expand its presence in key semiconductor markets globally.

Established in 2017 by Rakesh Malik and Pratap Narayan Singh, Vervesemi specializes in high-performance analog and mixed-signal IP, utilizing proprietary machine learning-enabled architectures to enhance reliability and system-level performance in critical environments.

With a focus on technology maturation, Vervesemi has successfully validated its ML-enabled analog signal chain architecture in silicon, attracting multiple customers and broadening its product pipeline in industrial and smart energy sectors. The startup has also introduced a new motor control product line for efficient applications in electric vehicles, drones, and industrial automation, emphasizing precision sensing and enhanced fault detection for improved performance and safety.

Partnerships with key players in fabrication, packaging, and testing have been strengthened to facilitate scalable production and quicker silicon validation cycles, reinforcing Vervesemi’s position in the semiconductor industry. The company boasts a diverse portfolio of over 140 semiconductor IP blocks and 25 IC product variants serving various sectors such as space, defense, and smart energy, supported by 10 patents and five trade secrets.

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Qualcomm, a prominent US-based semiconductor and telecommunications company, is set to invest $150 million in Indian startups through its venture arm, Qualcomm Ventures. The focus of this investment will be on fostering artificial intelligence (AI) and deep technology startups.

The funding will target startups in various sectors including automotive, IoT, robotics, mobile technologies, and edge computing. Qualcomm aims to support companies developing AI and edge-AI applications for devices, industrial systems, and connected platforms, with an emphasis on on-device processing.

This initiative by Qualcomm aims to boost the creation of AI-centric products tailored for both local and global markets, enhancing the technological landscape. Qualcomm Ventures has a history of investing in Indian startups spanning mobility, enterprise SaaS, consumer internet, and hardware sectors. With this fresh capital injection, the company looks to broaden its investment portfolio in deep technology and semiconductor-related innovations.

This strategic investment comes at a time when India is witnessing increased policy backing for semiconductor manufacturing and AI progression, indicating Qualcomm’s alignment with the evolving tech ecosystem in the country. Qualcomm intends not only to provide financial support but also to collaborate closely with startup founders on product development, market strategies, and global partnerships.

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ValueQuest Investment Advisors has successfully raised a ₹1,500-crore private equity (PE) fund targeting advanced manufacturing sectors such as aerospace, defense, and energy transition. The fund, named ValueQuest Tristar, has exceeded its initial target size and activated a greenshoe option of ₹500 crore. It aims to complete fundraising within the current calendar year.

The Mumbai-based firm plans to invest in 8–12 companies with check sizes ranging from ₹150 crore to ₹400 crore. The focus will be on businesses with established product-market fit, positive unit economics, and strong customer relationships. ValueQuest highlights the current opportune moment for capital deployment in advanced manufacturing sectors, with many companies in this space also exploring initial public offerings (IPOs).

Notable investments already made by the fund include Rangsons Aerospace, a precision manufacturing company catering to aerospace and defense clients, and Waaree Energy Storage Solutions, known for its lithium-ion cells and energy storage systems. In the defense sector, ValueQuest has been an early investor in key public sector undertakings like Mazagon Dock, Cochin Shipyard, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and Garden Reach Shipbuilders & Engineers.

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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.

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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.

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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.

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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.

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