In a vibrant and growing sector, sauce startup Troovy is making headlines as it enters advanced discussions to raise ₹11-13 crore (approximately $1.5 million) from investors, including Sharrp Ventures, the investment arm of Marico’s Harsh Mariwala family. This funding round signifies a promising step for Troovy, aiming to carve out a substantial market presence in India’s competitive sauce…
In a significant move for the Indian spacetech sector, Infosys has announced an investment of INR 17 crore (approximately $2 million) in GalaxEye Space Solutions Pvt Ltd. This funding comes as part of the Infosys Innovation Fund, aimed at supporting innovative startups in emerging technologies.
About GalaxEye
Founded in Bengaluru, GalaxEye is an IIT M-incubated startup focused on Earth observation…
India Lifestyle Network (ILN), the parent company of popular digital platforms MensXP, iDiva, and Hypp, is exploring the possibility of separating from Mensa Brands. This move comes two years after Mensa’s acquisition of ILN for approximately $100 million. The decision stems from a perceived misalignment in growth priorities between the two entities.
Background of the Acquisition
Mensa Brands…
z21 Ventures Secures $20 Million First Close for Fund II to Support Early-Stage AI and SaaS Startups
z21 Ventures, a prominent venture capital firm dedicated to early-stage technology investments, has announced the successful first close of its second fund at $20 million, with a target of reaching $40 million. This significant milestone comes with the backing of anchor investor WestBridge Capital, a global investment firm recognized for its strategic investment focus and robust portfolio.
Rapid…
Sharp Corporation Accelerates Semiconductor Ambitions in India, Seeks Local Partners for Display Fab
Global electronics giant Sharp Corporation is intensifying its efforts to establish a semiconductor display fabrication facility in India. This initiative is part of the India Semiconductor Mission (ISM), which aims to enhance the country’s position in the global semiconductor supply chain. Sharp is currently scouting for strategic partnerships with local players to drive this ambitious project…
The Department for Promotion of Industry and Internal Trade (DPIIT) is set to launch BHASKAR, an innovative digital platform designed to enhance India’s startup ecosystem. This initiative, part of the Startup India program, aims to centralize and streamline collaboration among key players, including startups, investors, mentors, service providers, and government entities.
BHASKAR aligns with the…
Edtech unicorn Physics Wallah (PW) has successfully raised $210 million in its latest Series B funding round, which was led by Hornbill Capital. This substantial investment marks a significant leap for the startup, bringing its post-money valuation to an impressive $2.8 billion. The funding round also included participation from Lightspeed Venture Partners and existing investors such as GSV and…
Ultraviolette, the electric motorcycle manufacturer, has officially launched its new experience centre, the UV Space Station, in Hyderabad. This move comes after successful openings in Pune, Ahmedabad, and Kochi.
Narayan Subramaniam, CEO & Co-Founder of Ultraviolette, expressed enthusiasm about the new facility, stating, “The launch of the UV Space Station in Hyderabad aligns with our…
In a remarkable yet heartbreaking journey, technology entrepreneur Chris Willson bought a historic cruise ship he found on Craigslist in 2008. Over 15 years, he poured his life savings—over $1 million—into restoring the 293-foot vessel, which boasts 85 cabins, a swimming pool, and a theater. Willson and his long-term partner, Jin Li, even moved aboard as they pursued their dream of…
Sam Faycurry, a 31-year-old entrepreneur, has transformed a family side hustle into a thriving business, Fay, a digital platform that connects users with registered dietitians for personalized nutrition counseling. This journey, sparked by a desire to help his mother and sister, has culminated in a remarkable $25 million in funding, significantly reshaping the landscape of accessible nutrition…
