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Startup News
Inc42
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Country Delight To Net $25 Mn From Temasek
- Dairy tech startup Country Delight is raising $25 Mn in Series E funding from Temasek’s subsidiary V-Sciences Investments Pte Ltd.
- The funding will be used for working capital requirements and a miscellaneous 'project'.
- This is the second external capital raise for Country Delight in the past six months, after raising INR 200 Cr in debt from Alteria Capital in October 2024.
- The startup has been strengthening its portfolio, expanding into new territories, and experimenting with quick commerce by offering 10-15 minute deliveries in select areas.
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Inc42
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BofA Downgrades Swiggy, Zomato Citing Rising Losses In Q-Com & Slow Growth In Food Biz
- BofA Securities has downgraded ratings for Zomato and Swiggy due to rising losses in the quick commerce (QC) business and slow growth in the food delivery market.
- The brokerage firm expects increased losses in the QC segment due to competition, platform-led discounts, and higher marketing expenses.
- BofA Securities also anticipates a slowdown in the food delivery market, with growth projected to be 16-18% year-on-year, lower than market expectations.
- As a result, Zomato's shares were downgraded to 'Neutral' and Swiggy's rating was lowered to 'Underperform', leading to a decline in the stock prices of both companies.
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Medium
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How to create and maintain FOMO during your fundraising ?
- To maintain FOMO during fundraising, schedule numerous calls with investors and embrace "selling mode" by pitching your project repeatedly.
- Building investor relationships before fundraising officially begins is crucial for attracting interest and creating a sense of exclusivity among potential investors.
- Engage with a shortlist of key investors consistently throughout your journey, not just during active fundraising periods.
- Leverage your network, including advisors, partners, and existing investors, to boost your fundraising efforts and amplify word-of-mouth influence.
- Utilize warm introductions for greater impact in creating FOMO and resonating with potential backers.
- Listening to feedback, validating your strategy, and refining your pitch based on investor input can enhance credibility and increase investor interest.
- Highlighting interest from other funds and reputable names during your pitch can add credibility and create urgency without exaggeration.
- Setting a clear fundraising deadline can encourage investor decisions and create a sense of urgency, but ensure it is realistic to maintain trust.
- Consistently demonstrate progress and maintain investor interest by sending regular updates via newsletters, focusing on key milestones and company potential.
- Maintain engagement with investors through newsletters, social platforms, and strategic updates to showcase steady progress and growing interest in your project.
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ISN
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D2C tea brand VAHDAM India raises $3 million from SIDBI Venture Capital
- D2C tea brand VAHDAM India has raised $3 million from SIDBI Venture Capital.
- The investment aims to strengthen the balance sheet and cash reserves of the company.
- Founded in 2015, VAHDAM India offers India's finest teas, herbs, and botanicals to consumers worldwide.
- The brand is expanding its global footprint, scaling offline retail distribution, and focusing on product innovation and research and development.
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Inc42
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Swiggy Gets INR 99 Lakh Tax Demand Notice
- Swiggy has received an income tax demand notice of INR 53.5 Lakh with an additional interest of INR 45.44 Lakh, totaling INR 98.9 Lakh.
- The order was passed by the deputy commissioner of Income Tax department, TDS Circle, Bengaluru, for the period of April 2017 to March 2018.
- The notice is regarding the non-deduction of tax under section 194C of the Income-tax Act, 1961 on cancellation charges paid by the company to merchants.
- Swiggy plans to appeal against the order and believes that it won't have a major adverse impact on its financials and operations.
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Yourstory
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354
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MobiKwik expands into brokerage with new securities arm
- MobiKwik has entered the brokerage industry by incorporating Mobikwik Securities Broking Private Limited (MSBPL), a wholly owned subsidiary.
- MSBPL will engage in securities trading, potentially competing with established brokerage firms.
- This move aligns with MobiKwik's goal of becoming a comprehensive financial services platform.
- MobiKwik recently acquired a stake in Blostem, a B2B banking infrastructure platform specializing in fixed deposit aggregation.
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Startup Pedia
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‘Indian Highway Network Will Be Even Better Than US Within 2 Years’: Nitin Gadkari
- Indian Minister for Road Transport & Highways, Nitin Gadkari, stated that the Indian road network will be better than the US within the next two years.
- He mentioned that India would surpass the US in electric vehicle adoption and manufacturing within the next five years.
- The distance between cities like Delhi, Dehradun, Jaipur, and Bengaluru will significantly reduce.
- Gadkari expressed his commitment to reducing logistics costs and making India competitive worldwide.
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Startup Pedia
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India’s First Indigenously Built MRI Scanner To Be Installed At AIIMS-Delhi For Clinical Trials By Oct
- India's first indigenously built MRI scanner is set to be installed at AIIMS-Delhi by October for clinical trials.
- The machine is expected to reduce MRI costs for patients by about 50%.
- AIIMS-Delhi will provide feedback to improve the MRI machine to meet global standards.
- The development is a major step towards reducing dependence on imported medical equipment in India.
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Eu-Startups
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Sateliot’s space leap: €70 million to connect the planet with 5G-IoT from orbit
- Barcelona-based SpaceTech company Sateliot has closed its Series B round at €70 million to deploy a constellation of more than 100 satellites to provide global connectivity services.
- Sateliot aims to become the first 5G-IoT telecommunications operator from space, delivering NB-IoT connectivity to extend mobile telecom coverage to 100% of the planet.
- The investment will be used to provide global connectivity services, especially in remote areas, for defense, cybersecurity, telecommunications, logistics, mining, energy, environment, agriculture, and critical infrastructures.
- Sateliot has already launched six satellites and has contracts worth €270 million with over 400 customers in 50 countries, with a goal of achieving a turnover of €1 billion by 2030.
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Yourstory
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Fintech firm Findi raises Rs 243 Cr from institutional investors
- Fintech company Findi Ltd has raised Rs 243 crore in funding through an institutional placement and share purchase plan.
- The funds will be used to enhance the technological capabilities of Transaction Solutions International India, scale merchant payment solutions, and deploy ATM and payment processing infrastructure in key Indian markets.
- The fundraising witnessed strong participation from institutional investors, reflecting confidence in Findi's strategic vision and growth potential.
- TSI, under Findi's majority ownership, plans to expand its operations and collaborations with banks and financial institutions to further financial inclusion.
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Yourstory
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70
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Exploring Rumi's Insight: How Action Reveals Our Path
- Taking action is vital in overcoming inertia and initiating progress and clarity.
- Engaging in the journey of life leads to self-discovery and personal growth.
- Embracing uncertainty and being open to new experiences allows for greater learning and discovery.
- This quote emphasizes the practicality of taking actionable steps while also acknowledging the need for balance and ethical considerations.
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ISN
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India's GreenFortune raises $4.5 million led by Germany-based Foundamental, others
- Hyderabad-based fenestration startup GreenFortune has raised $4.5 million (approximately Rs 39 crore) in a funding round led by Germany-based Foundamental, with participation from Titan Capital Winners Fund, Incubate Fund Asia, and other existing investors.
- The startup plans to use the investment to expand nationally, increase production volume, and develop its proprietary tech platform, PartnerGate, into a full-stack solution to improve customer service.
- GreenFortune aims to modernize India's windows and doors market by providing high-quality, climate-adaptive, and affordable fenestration solutions. It operates in over 100 locations and has supplied materials for more than two million square feet of windows and doors.
- The real estate and construction sector in India presents a $15 billion opportunity in facades and joineries. GreenFortune aims to disrupt this space through innovation, transparency, and a customer-first approach.
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Inc42
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Govt Drops Import Duty On Key Components For EV Batteries
- The Indian government removed import duties on goods and raw materials used in manufacturing EV batteries and mobile phones.
- The move aims to boost domestic production and enhance export competitiveness.
- India and the US are in negotiations to address tariff concerns and work towards a bilateral trade agreement.
- The government is open to cutting tariffs on more than half of US imports worth $23 billion in the first phase of a trade deal.
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Yourstory
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279
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New Era in Indian Aviation: 3 Innovative Airlines to Launch
- India's aviation landscape is set for a transformative shift with the introduction of Air Kerala, Shankh Air, and Alhind Air in 2025.
- Shankh Air, Uttar Pradesh's first full-service airline, plans to connect key cities and aims to expand to international routes by 2027.
- Air Kerala, India's first ultra-low-cost carrier, focuses on linking Kerala's smaller cities to major hubs and intends to launch domestic flights in 2025.
- Alhind Air, emerging from the Alhind Group, plans to start as a regional commuter airline and target Gulf countries, with an aim to expand internationally within two years.
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Eu-Startups
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An Eiffel Tower a day: GravitHy secures €60 million to power green steel revolution
- Marseille-based GravitHy, a low-carbon iron producer, has secured €60 million in funding to power the green steel revolution.
- The funding will be used to finance the company's action plan, target a final investment decision in 2026, and accelerate growth.
- New investors in the funding round include Japan Hydrogen Fund, Marcegaglia, Ecolab, Rio Tinto, and Siemens.
- GravitHy plans to play a critical role in decarbonizing the steel industry with its low-carbon iron production.
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