News

LC Nueva Investment Partners has launched a new INR 150 Cr ($18 Mn) Momentum Fund, with a greenshoe option of INR 100 Cr ($12 Mn), targeting 10-15 high-growth startups in Series A and B rounds

Ola Electric’s market capitalisation fell below $5 billion for the first time since its August listing, largely due to rising customer complaints about after-sales service, software glitches, and hardware issues. In September, its market share in the electric two-wheeler segment dropped to 27.9%. CEO Bhavish Aggarwal aims to address these challenges by doubling service centers under the ‘Hyperservice’ campaign.

Google Cloud India continued its collaboration with Indian startups, with a focus on AI-based innovations. Many Indian GenAI unicorns now leverage Google Cloud, highlighting a growing trend in the adoption of AI and cloud technologies among startups​

Swiggy Secures INR 25 Cr Sponsorship for Shark Tank India, Forcing Zomato's Deepinder Goyal Off the Panel; As the Company Gears Up for its INR 5,000 Cr IPO with New Services Like ‘Swiggy XL EV’ and ‘Bolt,’ It Focuses on Aggressive Growth Amidst Widening Losses

Swiggy has launched "Bolt," a 10-minute food delivery service in select cities, offering quick-to-prepare meals from popular restaurants like KFC and McDonald’s within a 2-kilometer radius. The service is part of Swiggy’s expansion strategy ahead of its upcoming IPO, targeting a valuation between $10 billion and $13 billion.

Indian startups cumulatively raised $86.4 Mn across 16 deals, a 80% decline from the $432.2 Mn raised across 24 deals last week. The week saw coworking space startup DevX file its DRHP with the SEBI.
Seed funding dipped this week, with startups at this level only managing to raise $1.9 Mn as against $44.5 Mn raised last week.

ZEVO, an EV mobility platform, raised $2 million to expand its fleet by deploying 5,000 electric vehicles and enhancing supply chain operations across India. The startup plans to extend into tier 2 and tier 3 cities, while aiming to raise an additional $20 million by 2025 to support future growth.

ClayCo Cosmetics, a Mumbai-based skincare brand, raised $2 million in Series A funding from Unilever Ventures. Founded in 2024 by Niharika Jhunjhunwala, the brand blends ancient beauty rituals with modern science. The funds will expand its product range, boost branding, and fuel research and development efforts.

In 2024, Indian startups made a strong comeback, raising $8.7 billion by Q3, up 20% from 2023. Major deals, including Zepto’s $1.05 billion raise, drove momentum, while 10 startups went public, and six new unicorns emerged, signaling renewed investor confidence and growth in the startup ecosystem.

Founded in 2018, InCore Semiconductors is focussed on developing semiconductor processor IPs based on RISC-V open-source architecture. InCore is not a fabless chip maker but an IP company, which caters to system-on-chips (SoC) companies and helps them design chips as per their varied customer requirements. After almost five years of staying bootstrapped, InCore bagged $3 Mn in its seed funding round from Peak XV in 2023 to make its dream a bigger reality