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Startup News
ISN
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Bare Anatomy's parent Innovist raises Rs 136 crore in a Series B round
- Innovist, the parent company of beauty brands such as Bare Anatomy, has raised Rs 136 crore in a Series B funding round.
- The funding will support product innovation, market expansion, and team development for Innovist.
- ICICI Venture led the funding round, and Accel achieved a full exit as an early investor in Innovist.
- Innovist, founded in 2018, is a science-led beauty company focused on clean, science-backed ingredients for personal care, skin care, and sun protection products.
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Inc42
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Bare Anatomy Parent Innovist Bags INR 136 Cr Funding
- Innovist, the parent company of beauty and personal care (BPC) brands like Bare Anatomy and Chemist at Play, has raised INR 136 Cr (about $15.8 Mn) in its Series B round.
- ICICI Venture led the round, which also saw participation from Mirabilis Investment Trust, Niveshaay Investment, and existing backer Sauce.vc.
- The funds will be used to drive product innovation, scale operations, and expand the team. The round included a secondary exit by early investor Accel.
- Innovist, a 'house of brands' startup with a focus on clean, transparent, and science-backed personal care products, claimed to have crossed INR 300 Cr revenue mark in FY25.
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Inc42
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Ola Electric Counted Unlaunched Models In February Sales: Report
- Ola Electric allegedly counted bookings of unlaunched electric scooters and motorcycles in its February sales to boost its market share.
- The Ministry of Road Transport and Highways has asked Ola Electric to clarify its monthly sales figures.
- Ola claimed to have sold 25,000 vehicles in February, but only 8,600 were registered.
- The ministry has warned Ola Electric of adverse action if it fails to respond within seven days.
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Yourstory
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Startup news and updates: Daily roundup (April 7, 2025)
- The gig economy in India is expanding rapidly, with platforms like Swiggy, Zomato, and Zepto employing thousands of delivery partners each month.
- Gig workers often engage in 'moonlighting,' working across multiple platforms, which poses challenges for regulations and record-keeping.
- Zepto has replaced its subscription service with a new 'Zepto Daily' program, offering a nominal Rs 1 entry fee to select customers.
- Rapido, a ride-hailing startup, is venturing into the fintech sector by establishing a separate subsidiary for financial services.
- Vimano, a nanotech startup, secures Rs 25 crore in a seed round led by Ankur Capital to scale membrane production for energy solutions.
- Calligo Technologies raises $1.1 million in funding to enhance its HPC and AI chip innovation for computational workloads.
- EKI Energy invests in Tvasta Manufacturing Solutions, focusing on additive manufacturing technologies to support sustainable manufacturing.
- OPL receives strategic funding from NABARD and HSBC to strengthen digital credit infrastructure for MSMEs and enhance financial inclusion.
- Young Entrepreneurs Fund, backed by marketing strategist Harshavardhan Chauhaan, supports early-stage startups in Deep Tech, Clean Energy, and Rural Platforms.
- Chanakya Opportunities Fund invests in Sadbhav Future Tech's pre-IPO round, emphasizing its commitment to the renewable energy sector in India.
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Eu-Startups
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pyannoteAI raises €8 million to build the first Language-Agnostic Speaker Intelligence Platform
- Paris-based pyannoteAI has raised €8.1 million in a seed funding round.
- The funding will be used to develop a Language-Agnostic Speaker Intelligence Platform.
- pyannoteAI's technology focuses on understanding who is speaking, how they are speaking, and why it matters.
- The platform aims to provide speaker intelligence for enterprise-grade speech applications and real-time analysis.
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SiliconCanals
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Italian startup Axyon AI bags €4.3M to accelerate AI-powered financial market forecasting
- Axyon AI, an Italian startup that provides predictive AI-powered solutions for the investment management sector, has raised €4.3M in funding led by CDP Venture Capital, with participation from other investors including Green Sands Equity and Montage Ventures.
- CDP Venture Capital manages over €3B in resources and focuses on supporting innovative enterprises, with a particular interest in the use of artificial intelligence in the business world.
- The funding will be used to expand Axyon AI's AI coverage of financial markets and develop solutions for AI explainability in investment management.
- Axyon AI integrates a wide range of data and proprietary technology to provide asset managers, hedge funds, and financial infrastructure providers with strategic insights for enhanced investment strategies.
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Yourstory
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Anand Mahindra’s top 5 career tips that actually work
- Emphasise quality over quantity. Mahindra believes in focusing on the quality of work rather than the number of hours invested.
- Break down complex tasks. Mahindra advises breaking big goals into smaller achievable actions.
- Pursue innovation proactively. He advocates for being a disruptor rather than waiting to be disrupted.
- Take calculated risks early. Mahindra suggests that young professionals should take calculated risks early in their careers.
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Insider
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We got an exclusive look at the pitch deck voice intelligence startup PyannoteAI used to raise $9 million
- French voice intelligence startup PyannoteAI has raised $9 million in a seed round led by Crane Ventures and Serena.
- PyannoteAI's AI model focuses on enhancing audio transcriptions by distinguishing between different speakers in real-life multi-speaker situations.
- The startup's platform aims to preserve the meaning of audio across different languages and use cases, with applications in media platforms, dubbing, and transcribing consultations.
- With the newly secured funding, PyannoteAI plans to expand its research team.
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Startup Story
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Rural Fintech Startup Jai Kisan Raises INR 26.47 Cr from Mirae Asset, Unitary Fund, and Blume Ventures
- Rural-focused fintech startup Jai Kisan has raised INR 26.47 Cr in a funding round led by Mirae Asset, Unitary Fund, and Blume Ventures.
- Jai Kisan aims to drive financial inclusion in India's rural economy by providing credit access through technology-driven solutions.
- The company has launched various digital tools and platforms to strengthen rural outreach, serving around 8 lakh farmers and collaborating with 1 lakh rural businesses.
- The Indian fintech sector continues to reshape the country's economic narrative, with fintech emerging as the most funded sector in Q1 FY25.
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Economic Times
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Founders react to Piyush Goyal's critique of India's startups: Who said what?
- Union commerce and industry minister Piyush Goyal's critique of India's startup ecosystem at Startup Mahakumbh 2025 has sparked reactions from several founders and investors.
- Goyal's remarks, calling for deeper innovation in areas like semiconductors and questioning the focus on consumer-facing sectors, drew mixed responses from industry leaders and the public.
- Supporting Goyal's viewpoint, Bhavish Aggarwal, CEO of Ola, emphasized the need for building innovation and future tech instead of lifestyle apps.
- On the other hand, opposing Goyal's comments, Mohandas Pai, former CFO of Infosys, questioned the lack of support for deep-tech startups and the limited funding in India.
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Startup Story
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Calligo Technologies Raises $1.1 Million in Pre-Series A Round to Expand R&D and Tech Talent
- Indian semiconductor startup, Calligo Technologies, has raised $1.1 million in a Pre-Series A funding round.
- The round was co-led by Seafund and Artha Venture Fund, highlighting investor confidence in India's semiconductor ecosystem.
- The funding will be used for R&D activities, developing a new silicon chip and expanding the technical team.
- Calligo Technologies specializes in improving computing systems for large-scale modeling, simulations, and AI model training and inference.
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Eu-Startups
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Different Dog raises €11 million for its “hand-cooked, human-grade” dog food
- Different Dog, a fresh dog food subscription service, has raised €11.7 million to expand its capacity and grow its customer base.
- The funding will help the company move to a new facility in Telford and invest in marketing to meet the growing demand for healthier dog food.
- Different Dog offers a personalized subscription service that creates tailored meal plans using fresh, hand-cooked, human-grade ingredients.
- With pet ownership on the rise, the company aims to tap into the increasing demand for premium nutrition options for pets.
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Yourstory
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265
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Zettai’s proposed restructuring scheme receives majority creditors’ approval
- Zettai Pte Ltd has received majority approval for its proposed restructuring scheme.
- About 93.1% of scheme creditors voted 'FOR' the scheme, representing 94.6% by value.
- The approval exceeds the statutory voting threshold requirement.
- Zettai will file an application with the Singapore Court for the sanction of the creditor approved scheme.
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Insider
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359
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Building AI is about to get even more expensive — even with the semiconductor tariff exemption
- The majority of semiconductors, which are crucial for AI, are exempt from recent tariffs, but other components may not be.
- Nvidia's non-exempt AI products could face cost impacts from tariffs without supply chain adjustments.
- Despite semiconductor exemptions, materials and components needed for AI data centers are not tariff-free.
- Questions remain about how tariffs will affect modules and cards that include semiconductors.
- Nvidia primarily sells boards containing chips along with other components, which may not be exempt from tariffs.
- Companies like Nvidia and AMD are assessing the potential impacts of tariffs on their broader ecosystems.
- CEO Jensen Huang mentioned the possibility of onshoring production to mitigate tariff effects.
- US manufacturers could see demand issues in international markets due to retaliatory tariffs.
- Global tariff implications could increase costs for semiconductor startups like Retym, affecting end customers.
- Tariffs risk delaying companies' financial metrics in AI development and profitability.
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SiliconCanals
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London-based Sagittal AI raises €1.9M to expand human-centred AI platform for software development
- London-based Sagittal AI has raised $2.2M in a pre-seed funding round.
- Sagittal AI develops AI tools that align with human workflows, specifically in software development.
- The company's main product, Neo, connects to existing tools and works throughout the entire development process, allowing teams to delegate tasks without changing their workflow.
- Sagittal AI plans to use the funds to expand Neo and support the full product development lifecycle.
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