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Lab-grown diamond jewellery brand Firefly Diamonds raises $3 million in funding

  • Lab-grown diamond jewellery brand Firefly Diamonds has raised $3 million in funding led by WestBridge Capital.
  • The funding will be used to expand retail presence in India and invest in research and development.
  • Firefly Diamonds currently operates stores in Mumbai, Pune, Bengaluru, and Hyderabad, with plans to enter over 20 more locations in the next two years.
  • The market for lab-grown diamonds in India is projected to reach $8.31 billion by 2032, driven by increasing consumer demand for sustainability and value.

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Startup Story

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Care.fi Secures ₹7.5 Crore in Debt from Vivriti Capital to Boost Hospital Revenue Cycle Management

  • Gurugram-based healthcare fintech startup Care.fi has raised ₹7.5 crore in debt capital from Vivriti Capital.
  • The funds will be used to boost the company's Revenue Cycle Management (RCM) platform for hospitals.
  • Care.fi's AI-driven RCM platform, RevNow, expedites claim settlements and reduces patient discharge times.
  • The company plans to integrate RevNow with Hospital Information Systems (HIS) and billing platforms for further expansion.

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BharatPe Achieves Adjusted EBITDA Breakeven In Apr-Dec FY25

  • Fintech unicorn BharatPe achieved adjusted EBITDA breakeven in the first nine months of FY25.
  • BharatPe's net loss for FY23 was INR 927 Cr, which reduced to INR 492 Cr in FY24 and INR 149 Cr in 9M FY25.
  • BharatPe's NBFC arm Trillion Loans Fintech reported a profit of INR 29.7 Cr in 9M FY25.
  • Trillion Loans, being a subsidiary of BharatPe, received a 'BBB+' rating from Ind-Ra for its bank loans.

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Eu-Startups

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Paid raises €10 million to transform AI Agent economy and launch beta programme

  • London-based business platform Paid has raised €10 million in a pre-Seed funding round to accelerate its beta programme and expand its engineering team.
  • The funding round was led by EQT Ventures and Sequoia Capital.
  • Paid aims to grow the AI Agent economy by providing a platform that helps AI agent companies accelerate growth and profitability.
  • The platform focuses on monetisation, margin management, and demonstrating tangible value to customers.

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Decathlon India's revenue jumps to over Rs 4,000 crore with a net profit of Rs 197 crore in FY24

  • French sports retailer Decathlon reported a profit of Rs 197 crore in FY24, rebounding from a loss in the previous fiscal year.
  • Decathlon's revenue increased to Rs 4,008 crore in FY24, with a growth rate of around 2.3%.
  • The company controlled costs efficiently, which resulted in a total expenditure of Rs 3,797 crore in FY24, down from Rs 3,975 crore in FY23.
  • Decathlon operates 90 stores in India and focuses on a direct-to-consumer model, offering a wide range of sports gear and equipment.

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Nexthop AI raises $110M in round led by Lightspeed Venture Partners

  • Nexthop AI raises $110M in round led by Lightspeed Venture Partners.
  • Nexthop AI plans to use the funding to develop networking solutions for hyperscale cloud environments.
  • The company provides custom networking hardware, software, and interconnects that integrate with cloud systems.
  • Nexthop AI aims to expand its presence in global markets to support the growth of AI-driven cloud infrastructure.

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Startup Story

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India’s largest dental chain, Clove Dental Marks 14th Anniversary with the Launch of its 600th Clinic

  • India's largest dental care provider, Clove Dental, celebrates its 14th anniversary.
  • Clove Dental opens its 600th clinic in Gurugram, showcasing consistent growth and commitment to expanding access to quality dental care.
  • The newly launched clinic is equipped with state-of-the-art technology, offering a comprehensive range of dental services.
  • Clove Dental's milestone reflects its values of transparency, quality, and patient-centric care, with plans for further expansion.

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Eu-Startups

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“How Europe Can Compete in Quantum & AI on the Global Stage” – Live panel at the EU-Startups Summit 2025!

  • The EU-Startups Summit 2025 in Malta will bring together founders, startup enthusiasts, and investors for talks and networking.
  • A panel at the summit will discuss Europe’s global position in AI and quantum computing, addressing funding challenges and regulatory roles.
  • Panelists include Sabrina Maniscalco from Algorithmiq, Rodrigo Hernandez from Multiverse Computing, and Serge Lemonde from NVIDIA.
  • Algorithmiq focuses on quantum computing for life sciences, Multiverse Computing specializes in quantum AI, and NVIDIA supports startups in AI and quantum.
  • Malta Enterprise is the headline sponsor, supporting economic growth and innovation, while Scytale and Airwallex are among the sponsors offering compliance and financial solutions.
  • EUROCROWD promotes crowdfunding for SMEs, the M. Demajo Group is a key business player in Malta, and the European Innovation Council drives disruptive science into commercial innovation.

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TechCrunch

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Outreach founder Manny Medina has a new startup that helps AI agents get paid

  • Manny Medina, founder of Outreach, has launched a new startup called Paid to ensure AI agents get paid.
  • Paid offers a platform to help agentic platform startups determine how to charge for their services, considering the unique nature of AI agents.
  • Startups can create pricing models, fixed or variable, to ensure profitable margins and track agents' output through the Paid platform.
  • The platform is currently targeting startups and has three beta customers, including Logic.app, 11x, VidLab7, Artisan, and HappyRobot.

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Startup Story

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Foundation for Health and Learning Empowerment (FHLE) Launches Mission to Bring Healthcare to Remote Villages

  • The Foundation for Health and Learning Empowerment (FHLE) has launched a mission to provide healthcare to remote villages in Uttar Pradesh and Uttarakhand.
  • FHLE will organize 60 medical camps, providing free health consultations, essential medicines, and hospital referrals for critical cases.
  • The initiative aims to impact over 30,000 people, focusing on the diagnosis and treatment of common illnesses and chronic conditions.
  • Konkana Bakshi, an advisor to FHLE and India's top image consultant, is helping raise awareness and resources for healthcare accessibility.

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Yourstory

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Fintech personal loans slump 15% in Q3 FY25, sharpest drop since COVID-19 lockdown: FACE

  • Fintech personal loans in India saw a 15% decline in Q3 FY 24-25 compared to the previous quarter.
  • The slump marks the sharpest drop since the COVID-19 lockdown in Q1 FY 20-21.
  • After a significant decline during the lockdown, fintech loan disbursals rebounded and grew steadily, though at a slowing pace.
  • Fintech NBFCs drive 76% of personal loan sanction volumes, reinforcing their role in digital financial inclusion.

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Inc42

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Pilgrim’s FY24 Revenue Jumps 160% To INR 199 Cr

  • Heavenly Secrets Pvt Ltd, the parent of D2C personal care brand Pilgrim, reported a 160% increase in operating revenue to INR 198.8 Cr in FY24.
  • The startup posted a net loss of INR 26.3 Cr in FY24, with an EBITDA loss of INR 25.2 Cr.
  • Pilgrim's offline presence has expanded to five retail stores and 300 partner stores across India.
  • Pilgrim has raised over $40 Mn in funding and recently received INR 200 Cr for expansion.

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Eu-Startups

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Incore Invest raises €25 million in second fund to accelerate high-growth investments across Europe

  • Incore Invest has raised €25 million to launch Incore Invest II, a new fund for high-growth investments in SaaS, embedded finance, and FinTech companies across Europe.
  • The fund attracted investments from notable individuals such as NHL star Victor Hedman, TV personality Renée Nyberg, artist Molly Sandén, and handball legend Staffan Olsson.
  • Incore Invest II will provide selective support and long-term capital to businesses in the Nordic and Northern European markets that have proven revenue models and strong growth potential.
  • The fund aims to bridge the gap between strategic involvement and long-term growth potential, helping European startups create new economic opportunities.

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Inc42

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WeWork India IPO In Jeopardy? SEBI Keeps DRHP In Abeyance

  • SEBI has kept WeWork India's IPO papers in 'abeyance'.
  • 'Kept in abeyance' means that the observations on draft papers are temporarily put on hold.
  • WeWork India's proposed IPO would comprise an offer-for-sale component of about 4.3 Cr equity shares.
  • Promoter group Embassy Buildcon LLP and Ariel Way Tenant will sell the shares.

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Navina Secures $55M to Expand AI-Powered Clinical Intelligence

  • Navina, a provider of AI-powered clinical intelligence, has raised $55 million in a Series C funding round, bringing its total funding to $100 million.
  • The investment, led by Growth Equity at Goldman Sachs Alternatives, will fuel Navina's expansion across the U.S. healthcare market and drive further innovation in its AI technology.
  • Navina's AI copilot equips clinicians and care teams with real-time, data-driven insights, improving care quality, and financial outcomes. Its seamless integration into clinician workflows and high usage rate demonstrate the trust placed in its AI recommendations.
  • The funding will enhance Navina's AI copilot and support its expansion into broader healthcare segments, with over 10,000 healthcare professionals across 1,300 clinics already using the platform.

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