Former investment banker Dhruv Jhunjhunwala has unveiled his new venture, Novastar Partners, an investment firm focused on India’s private markets. The firm is aiming to raise a maiden fund of Rs 350 crore, with an optional green shoe of Rs 150 crore, according to sources familiar with the matter.
Jhunjhunwala, who previously worked with RBC Capital Markets in New York, is an alumnus of the…
In a historic move set to redefine India’s innovation landscape, Prime Minister Narendra Modi launched a staggering Rs 1 lakh crore Research, Development, and Innovation (RDI) Fund aimed at turbocharging private sector-led research and development across the country. The announcement, made during the inaugural session of the Emerging Science, Technology and Innovation Conclave (ESTIC 2025) at…
A new AI startup is promising to change the way we shop online forever. PointAI, formerly known as Try ND Buy, just raised Rs 47 crore in a pre-Series A funding round led by Yali Capital, Lip-Bu Tan, and Tremis Capital, and it’s on a mission to make virtual shopping feel shockingly real.
PointAI uses cutting-edge AI and computer vision to let users try on products virtually, mix and match items…
Indian deeptech startup Assessli has secured ₹44.37 crore in funding from Foxhog Ventures to build the world’s first Large Behavioral Models (LBMs). The company claims its breakthrough could redefine artificial intelligence, shifting the focus from language processing to true behavioral understanding.
A Bold New Vision for AI
While the global AI ecosystem has been dominated by Large Language…
Meet Optimized Electrotech: The Startup Revolutionizing Surveillance Tech
In a world where security is more important than ever, one startup is making waves with its cutting-edge surveillance solutions. Optimized Electrotech, a deeptech startup based in Ahmedabad, India, has just raised a hefty $6 million in Series A funding to fuel its growth. Co-led by Blume Ventures and Mela Ventures, this…
Riceberg Ventures, a global venture capital firm, is making waves in the world of technology with the launch of its $20 million fund aimed at supporting the next wave of DeepTech startups. This new initiative is set to back some of the most promising companies in fields like space technology, artificial intelligence (AI), cybersecurity, novel energy solutions, semiconductors, and quantum…
In an exciting development for the DeepTech startup ecosystem, SanchiConnect, a promising accelerator, has successfully raised funding from notable investors including Baring Private Equity Partners-India, Seafund, and 8X Ventures. The exact amount raised remains undisclosed, but it marks a significant step forward for the firm.
Aiming for Expansion and Enhanced Offerings
Founded in 2022…
Venture capital firm Capital A has officially launched its second fund, targeting a corpus of ₹400 crore. This new fund is set to focus on a variety of sectors, including manufacturing, deeptech, climate technology, and fintech startups. With an eye towards backing innovative technologies and transformative business models, Capital A aims to play a significant role in shaping the future of these…
Deeptech AI startup Myelin Foundry on Wednesday said it has brought $1 million up in pre-Series A round drove by Japanese VC firm Beyond Next Ventures. Endiya Partners who had contributed during the seed stage additionally took part in this round.
Established in January 2019 by Gopichand Katragadda, Ganesh Suryanarayanan, and Aditi Olemann, Myelin Foundry changes human encounters and industry…
