• Startup Pulse
    Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating. Traversal raises $120 million in a Series B round at a $1 billion valuation, led by Kleiner Perkins, Redpoint and Khosla Ventures, with Sequoia Capital, Battery Ventures and Amex Ventures participating. GIVA raises over $100 million in a round led by Multiples Alternate Asset Management. The Croffle Guys raises ₹14 crore in a round led by V3 Ventures, with N.A.N Partners participating. Solgram raises over $1 million in a pre-seed round led by DSG Consumer Partners and Saama Capital, with Kapil Chopra participating. Sachin Tendulkar makes a strategic investment in Metasports Interactive, the company behind Hitwicket. The amount was not disclosed. Hyeglo Beauty raises ₹7 crore in a round led by Sauce, with Giga Capital, Consumer Collective, Reckitt's Arjun Purkayastha and The Patient Capital participating. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. Dispatch Network raises ₹5 crore in a pre-seed round led by Antler India, with angel investors participating. Two Point O Capital raises $10 million in a round led by Transition Venture Capital, with Omnivore and angel investors participating.
  • National Means cum Merit Scholarship Scheme Application Deadline Extended to September 30

    National Means cum Merit Scholarship Scheme

    New Delhi: The Ministry of Education has extended the last date for submission of applications under the National Means cum Merit Scholarship Scheme (NMMSS) for the academic year 2025-26.

    Eligible students can now submit their applications on the National Scholarship Portal (NSP) until September 30, 2025.

    Applications for the National Means cum Merit Scholarship Scheme (NMMSS) opened on June 2, 2025. Students must complete a one-time registration (OTR) on the NSP before applying for the scholarship. Detailed FAQs and registration guidelines are available on the official NSP website at scholarships.gov.in.

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    National Means cum Merit Scholarship Scheme to Support Meritorious Students

    The National Means cum Merit Scholarship Scheme, administered by the Department of School Education & Literacy under the Ministry of Education, aims to reduce dropouts at the secondary level.

    The scheme provides financial support to meritorious students from economically weaker sections, encouraging them to continue their studies from Class IX through Class XII.

    Each year, one lakh fresh scholarships are awarded to Class IX students who qualify through examinations conducted by State/UT authorities.

    The scholarship amount of ₹12,000 per annum per student continues through Classes X to XII, subject to academic performance. The scheme is open only to students studying in State Government, Government-aided, and local body schools.

    Also Read: Viasat Space for Good Challenge 2025: Eight Indian Student Teams Advance to Finals

    Scholarship Disbursal and Application Data

    Scholarships are disbursed directly into the bank accounts of students through electronic transfer using the Public Financial Management System (PFMS) under the Direct Benefit Transfer (DBT) mode. As of August 30, 2025, the NSP has recorded 85,420 fresh applications and 1,72,027 renewal applications.

    Eligibility and Verification Process

    To qualify for the National Means cum Merit Scholarship Scheme, students must have parental income not exceeding ₹3.5 lakh per year and secure at least 55% marks in Class VII (relaxable by 5% for SC/ST candidates).

    The verification of applications involves two levels:

    • Level 1 (L1): Institute Nodal Officer (INO) verification by October 15, 2025
    • Level 2 (L2): District Nodal Officer (DNO) verification by October 31, 2025

    Author

    • Salil Urunkar

      Salil Urunkar is a senior journalist and the editorial mind behind Sahyadri Startups. With years of experience covering Pune’s entrepreneurial rise, he’s passionate about telling the real stories of founders, disruptors, and game-changers.

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