• 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.
  • Shobhit Malhotra Joins iD Fresh Food as CEO of International Operations

    Shobhit Malhotra

    Bengaluru: iD Fresh Food announced the appointment of Shobhit Malhotra as Chief Executive Officer – International Business. This strategic leadership addition comes as the company accelerates its efforts to expand globally and strengthen its presence in international markets.

    Effective immediately, Shobhit Malhotra will be responsible for scaling iD Fresh’s international footprint, including established operations in the Gulf Cooperation Council (GCC) region, and leading market entries into new high-growth geographies. His focus will include market-specific product innovation, strategic partnerships, and distribution enhancement to position iD Fresh as a global household name in the fresh food category.

    Welcoming the new CEO, PC Musthafa, Chairman and Global CEO, iD Fresh Food, said, “Shobhit brings a wealth of experience in transforming global brands. His deep consumer insights, strategic leadership, and alignment with our mission to provide preservative-free, authentic food make him the ideal choice to lead our global charge.”

    Commenting on his appointment, Shobhit Malhotra stated, “iD Fresh represents more than a brand—it stands for a movement toward better, healthier food choices. I’m honoured to be part of this journey and excited to scale this homegrown brand across new global frontiers.”

    About Shobhit Malhotra

    With over 20 years of experience in the consumer goods industry, Shobhit Malhotra has held senior roles at Colgate-Palmolive, Unilever, and PepsiCo. He is known for driving strategic transformation and commercial success in dynamic, multicultural environments.

    iD Fresh Food continues to record a strong 25% year-on-year revenue growth, supported by a healthy EBITDA margin. The company’s organizational enhancements reflect its commitment to long-term sustainability, innovation, and leadership in the global fresh food space.

    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.

    Discussion

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