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AppsForBharat Raises ₹175 Cr in Series C to Deepen Devotional Footprint Across India’s Temple Towns
- AppsForBharat, parent company of Sri Mandir, raises ₹175 crore in Series C funding led by Susquehanna Asia Venture Capital.
- The funding will be used to strengthen offerings in over 20 temple towns in India, investing in infrastructure, logistics, and expanding services.
- AppsForBharat has crossed 4 crore downloads with Sri Mandir app, offering online pujas, devotional content, and revenue generation for temple partners.
- The company plans to focus on AI-powered tools to enhance the devotional experience and has strong global demand from Indian diaspora.
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TechCrunch
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Raising a Series C+? Cathy Gao’s bringing the real playbook to TechCrunch All Stage
- Cathy Gao, partner at Sapphire Ventures, will share insights on growth-stage fundraising at TechCrunch All Stage 2025 in Boston on July 15.
- Gao has experience backing successful startups like Culture Amp, Gem, Sword Health, and EliseAI.
- She will focus on the new rules for raising a Series C & beyond, including the impact of generative AI on later-stage funding.
- TechCrunch All Stage offers discounted tickets for founders and investors to learn from industry experts and network with leading investors.
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ISN
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Sri Mandir's parent company AppsForBharat raises Rs 175 crore in funding
- Bengaluru-based startup AppsForBharat, parent company of Sri Mandir, has raised Rs 175 crore in a Series C funding round led by Susquehanna Asia Venture Capital.
- The funding round saw participation from existing investors, taking the company’s total funding amount to about $50 million.
- AppsForBharat plans to use the funds to deepen temple partnerships, expand commerce and logistics operations, establish fulfillment hubs, and integrate AI features.
- The company, founded in 2020, has seen rapid growth, providing digital devotional services, doubling its growth over the past six months, and amassing over 4 crore downloads for its Sri Mandir app.
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Inc42
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Curefoods’ Employee Problem: Over 100% Attrition Rate For 3 Years
- Cloud kitchen major Curefoods reported an attrition rate of 111.7% for FY25, marking the third consecutive year with attrition over 100%.
- The company's IPO will include a fresh issue of shares valued up to INR 800 Cr and an offer for sale of up to 4.85 Cr equity shares.
- High employee turnover saw 5,347 permanent employees leaving in FY25, leading to concerns about attracting and retaining skilled manpower for future growth.
- Curefoods is also facing legal challenges related to hygiene, food safety, and compliance issues across its outlets and subsidiary Fan Hospitality.
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ISN
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Regulatory tech startup Zango AI raises $4.8 million led by Nexus VP, others
- Regulatory tech startup Zango AI has raised $4.8 million in a funding round led by Nexus Venture Partners.
- The round saw participation from several notable investors including South Park Commons, Allica Bank's CEO, and former McKinsey executive.
- Zango AI, founded in 2024, is developing AI models to automate regulatory compliance processes for financial institutions.
- The funding will be utilized to expand Zango's teams, enhance its product suite in financial services, and develop additional modules for its AI-native governance, risk, and compliance platform.
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Inc42
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Centre Clears The Path For Bike Taxi Operations
- The central government has revised the 'Motor Vehicles Aggregator Guidelines 2020' to allow operations of bike taxis in India.
- The revised guidelines, 'Motor Vehicles Aggregator Guidelines, 2025', allow aggregation of non-transport motorcycles for passenger journeys through aggregators.
- State governments have the authority to permit aggregation of bike taxis and may impose fees on aggregators for issuing permits.
- The move aims to reduce traffic congestion, vehicular pollution, provide affordable mobility, and create livelihood opportunities, reflecting the evolving transportation needs of the country.
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ISN
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Shadowfax files confidential DRHP with SEBI to raise up to Rs 2,500 crore through an IPO
- Shadowfax, a hyperlocal logistics startup, has filed its draft red herring prospectus (DRHP) with SEBI confidentially to raise up to Rs 2,500 crore through an IPO.
- The company aims to raise between Rs 2,000 crore and Rs 2,500 crore, with approximately half through a primary share sale and the rest via an offer for sale by existing investors such as Flipkart and Eight Roads Ventures.
- Shadowfax reported improved financials, with operating revenue of Rs 1,885 crore in FY2024, a narrowed net loss, and positive EBITDA. It targets a post-issue valuation of Rs 5,500–6,000 crore.
- Founded in 2015, Shadowfax has become a major player in last-mile logistics with a focus on e-commerce and on-demand delivery, operating a fleet of over 1.25 lakh monthly active delivery partners across various sectors.
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The Pragmatic Engineer
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Software engineering with LLMs in 2025: reality check
- Exploring the intersection of software engineering and AI tools through interviews and insights.
- Discussions with engineers at Big Tech, AI startups, and seasoned professionals reveal trends.
- Experiences range from AI claims by executives to disappointments and successes with AI tools.
- Significant impact seen in AI dev tool startups, Big Tech companies like Google, Amazon, AI startups, and seasoned engineers.
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Eu-Startups
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British startup Mozart AI raises €616k for its AI-powered Digital Audio Workstation
- London-based startup Mozart AI raised €616k in pre-Seed funding for its AI-powered Digital Audio Workstation.
- The AI Co-Producer within the DAW assists artists in music creation, providing suggestions and extensions for melodies, chords, and more based on the artist's authentic style and voice.
- Mozart AI aims to empower artists, producers, and engineers to create music faster and with more joy, helping reduce the high percentage of unfinished music projects.
- The company's focus is on ethical AI use, ensuring it never trains on artist data and never generates complete songs. Mozart AI is set to launch publicly on July 16, 2025.
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Pymnts
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Grammarly Continues Transformation Into AI-Powered Productivity Suite by Acquiring Superhuman
- Grammarly has acquired Superhuman, an email efficiency tool that uses artificial intelligence to compose emails.
- The acquisition is part of Grammarly's strategy to evolve into an AI-powered productivity suite beyond grammar correction.
- Superhuman's team and product will continue under Grammarly's ownership, with a focus on investing in AI and developing new tools.
- Grammarly aims to expand its AI capabilities and enhance communication tools after securing $1 billion in financing.
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TechCrunch
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David George from a16z on the future of going public at TechCrunch Disrupt 2025
- TechCrunch Disrupt 2025 will take place in San Francisco from October 27-29, gathering over 10,000 startup and VC leaders to discuss the future of tech.
- David George of Andreessen Horowitz will speak at the Going Public stage on October 27, focusing on crucial decisions companies face about going public.
- George will address topics such as IPO timing, secondary markets, and investor expectations for founders before a public debut, emphasizing strategic preparation in an uncertain market.
- As a key figure in a16z's Growth investing team, George has been involved in major late-stage investments in companies like Airbnb, Slack, and Uber, offering valuable insights into enduring growth strategies.
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Insider
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Read the pitch decks of 10 startups looking to disrupt dating apps and social networking that have raised millions
- New social-networking and dating startups are disrupting the digital social scene by tackling issues like loneliness, dating app fatigue, and dissatisfaction with current social media platforms.
- Founders with backgrounds in Big Tech or Gen Z are creating innovative platforms, attracting investments from VCs and angel investors to address the need for genuine connection in the social space.
- Investors are showing interest in startups like dating app 222 and professional networking AI chatbot Series, with funding rounds ranging from seed to Series A, amounting to millions of dollars.
- Pitch decks of 10 startups in social networking and dating, categorized by investment stage, have been shared, offering insights into how these startups raised significant capital to fuel their growth in the industry.
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Inc42
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Image Credit: Inc42
CCI Approves GIC’s Investment In IPO-Bound Groww
- CCI has approved Singapore sovereign fund GIC's stake acquisition in fintech unicorn Groww ahead of its IPO.
- GIC Ventures' subsidiary, Viggo Investment, is set to acquire a 2.14% stake in Groww after seeking CCI approval in May.
- Groww recently closed a funding round, raising $202.3 Mn from GIC and ICONIQ Capital, valuing the company at $7 Bn.
- Groww has filed its draft red herring prospectus (DRHP) with SEBI after the funding round, with its IPO expected to be around $700 Mn to $1 Bn.
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Inc42
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Decoding IPO-Bound Pine Labs’ Revenue Model
- Fintech major Pine Labs turned profitable in 9M FY25.
- Operating revenue surged 23%, totaling INR 1,208.2 Cr in 9M FY25.
- Pine Labs processed payments worth INR 7.5 Lakh Cr in 9M FY25.
- Company filed IPO with fresh issue of up to INR 2,600 Cr.
- Pine Labs' revenue model features digital infra and issuing/acquiring platform.
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SiliconCanals
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These companies raised the 10 largest funding rounds in the Netherlands in H1 2025; 6 of them are hiring now
- Top Dutch startups raised $1.4B in H1 2025, incl. fintech, e-commerce, sustainability, and AI.
- Notable companies securing funding: Azafaros, Piano, Finom, Mews, Toloka, Leyden Labs.
- Companies actively hiring talent along with funding. Startup ecosystem sees positive developments.
- Salvia BioElectronics introduces FDA-approved migraine treatment with neuromodulation technology.
- Avidicure's AVC-Boosters platform targets oncology with dual agonistic, avidity-engineered features.
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