• Startup Pulse
    altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund 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. altM raises $10.3 million in a Series A round led by Rainmatter by Zerodha and Mela Ventures, with Omnivore, Theia Ventures, Aureolis Ventures, Spectrum Impact and strategic angel investors participating. Venomics AI raises $2.7 million in a pre-seed round co-led by Speciale Invest and South Park Commons, with Operators Studio participating. EloElo Group raises $80 million in a Series C round led by Hornbill Capital and NBCUniversal, with MIT Investment Co. and existing investors participating. Peppermint Robotics raises ₹100 crore (approximately $10.5 million) in a Pre-Series B round led by pi Ventures and Crane Venture Partners, with Asiana Fund 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.
  • The Wealth Company Mutual Fund Raises INR 1,951 Crore in Four Active NFOs

    Wealth Company Mutual Fund

    Mumbai: The Wealth Company Mutual Fund, part of the Pantomath Group, has made a record-breaking debut by mobilizing nearly ₹2,000 crore through its four actively managed New Fund Offers (NFOs).

    With this achievement, The Wealth Company Mutual Fund joins the elite league of new-age AMCs that have raised ₹2,000 crore or more through actively managed debut NFOs, marking one of the most successful fund launches in the mutual fund industry.

    The Wealth Company Mutual Fund Garners ₹1,951 Crore Across India

    The Wealth Company Mutual Fund successfully raised ₹1,951 crore from investors across approximately 9,000 pin codes, underscoring its deep retail reach and inclusive, “Bharat-centric” approach.

    The AMC simultaneously launched four active schemes – The Wealth Company Flexi Cap Fund, The Wealth Company Ethical Fund, The Wealth Company Arbitrage Fund, and The Wealth Company Liquid Fund – marking a first-of-its-kind debut by a new mutual fund house in India.

    Under the leadership of Madhu Lunawat, Founder, Managing Director & CEO, The Wealth Company Mutual Fund has achieved multiple firsts – becoming India’s first woman-founded AMC and the first to launch NFOs via the Open Network for Digital Commerce (ONDC). The AMC’s debut demonstrates strong participation from Tier II and Tier III cities, reinforcing its commitment to democratizing wealth creation.

    Fourth AMC Since 2021 to Cross ₹2,000 Crore in Debut Year

    According to data from Value Research, only four AMCs since 2021 – including The Wealth Company Mutual Fund – have raised approximately ₹2,000 crore or more in their debut year through actively managed funds.

    The milestone positions the AMC as the fourth since 2021 and the second in 2025 to achieve such a feat, highlighting robust investor confidence and strong distributor engagement.

    Investor Trust Driven by Bharat-Centric Inclusion

    Madhu Lunawat, Founder, MD & CEO of The Wealth Company Mutual Fund, said, “When the real India believes in you, you know you are on the right path. Achieving ₹2,000 crore across four active funds in our debut from 9,000 pin-codes validates the trust from investors, distributors, and partners who share our vision of democratizing wealth creation. The Wealth Company Flexi Cap Fund, one of the most popular equity categories, saw nearly 50% participation from B-30 cities. Our sincere thanks to our distributors for their contribution to this success.”

    Adding further, Debasish Mohanty, Chief Strategy Officer, said, “Our debut isn’t just about scale – it’s about substance and trust. From day one, we positioned Wealth Company Mutual Fund as a ‘Distributor-First’ and ‘Bharat-Centric’ AMC focused on meaningful inclusion rather than marketing noise. This milestone is the foundation of a sustainable wealth-creation ecosystem powered by Bharat’s growing financial confidence.”

    Despite a 9% decline in industry-wide equity inflows in September 2025, as per AMFI data, The Wealth Company Mutual Fund recorded strong investor interest, underscoring its differentiated positioning and retail trust.

    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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