• 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.
  • Mahindra Nagpur Manufacturing Facility: ₹15,000 Crore Integrated Auto and Tractor Plant by 2028

    Mahindra Nagpur Manufacturing Facility

    Nagpur: The Mahindra Nagpur Manufacturing Facility was announced by the Mahindra Group as its largest integrated manufacturing facility for automobiles and tractors in India, marking a major milestone in the company’s long-term growth strategy.

    The announcement was made during Advantage Vidarbha, a three-day flagship event aimed at positioning Vidarbha as an emerging industrial growth hub on India’s manufacturing map.

    Mahindra has committed an investment of ₹15,000 crore over a 10-year period in Maharashtra, with production at the Nagpur facility scheduled to begin in 2028.

    Mahindra Nagpur Manufacturing Facility to Strengthen Industrial Ecosystem

    The state-of-the-art Mahindra Nagpur Manufacturing Facility will be developed across 1500 acres in Vidarbha, supported by a 150-acre supplier park in Sambhajinagar.

    Once fully operational, the facility will have an annual production capacity of over 5 lakh vehicles and 1 lakh tractors, making it Mahindra’s largest integrated manufacturing footprint in the country.

    Also Read: Mahindra Charge_IN Launches 180 kW Ultra-Fast Charging Network, Targets 1,000 Points by 2027

    The Vidarbha region offers strong strategic advantages, including connectivity through the Samruddhi Expressway, robust rail networks, access to domestic and export markets, and a growing industrial ecosystem.

    The supplier park in Sambhajinagar will strengthen the manufacturing value chain through improved logistics efficiency, closer supplier collaboration, and enhanced localisation.

    It will supply components to the new Nagpur facility as well as Mahindra’s existing plants in Chakan and Nashik.

    Mahindra Nagpur Manufacturing Facility: Advanced Manufacturing and Multi-Powertrain Capability

    The automotive manufacturing unit will support Mahindra Auto’s next-generation platforms, including the NU_IQ architecture, and will be capable of producing vehicles across multiple powertrains, including ICE, EV, and future technologies, for both domestic and global markets.

    Featuring advanced automation and digital manufacturing systems, the Mahindra Nagpur manufacturing facility reflects the company’s focus on innovation, quality, and sustainability.

    The tractor manufacturing unit will further strengthen Mahindra’s leadership in the farm equipment sector, serving both domestic demand and key export markets.

    In addition, Mahindra will acquire land in the Igatpuri-Nashik region to expand product and engine capacities and support the growth of its Advanced Technology business.

    Overall, Mahindra plans to acquire over 2000 acres across three locations in Maharashtra to expand its manufacturing footprint.

    Devendra Fadnavis, Chief Minister of Maharashtra, said: “Mahindra’s decision to establish its largest integrated auto and tractor manufacturing facility in Maharashtra is a strong endorsement of the state’s robust industrial ecosystem and progressive policy framework.

    This landmark investment will generate significant employment, accelerate regional development in Vidarbha and surrounding areas, and further reinforce Maharashtra’s position as a leading manufacturing hub in India.”

    Also Read: FICO and Tech Mahindra Launch Centre of Excellence to Modernize Core Banking Globally

    Rajesh Jejurikar, Executive Director & CEO, Auto and Farm Sector, Mahindra & Mahindra Ltd., said: “The Mahindra Nagpur manufacturing facility represents a bold step forward in Mahindra’s manufacturing journey. Designed to support our next generation of vehicles and tractors, it brings together scale, flexibility and advanced technology within one integrated footprint.

    It strengthens our ability to deliver world-class products while staying true to our commitment to ‘Make in India for the World.’ We are proud to deepen our partnership with the state of Maharashtra through this transformative investment.”

    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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