• 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. 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. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal. 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. 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. Unify Foodworks raises ₹5 crore in seed funding through convertible debentures from Atrium Ventures, SailThru Ventures, Arjun Vaidya and Abhishek Goyal.
  • Blockchain for Governance: STPI Hosts Workshop to Advance Public Sector Innovation

    Blockchain for Governance

    Chandigarh: The Software Technology Parks of India (STPI) Apiary Centre of Entrepreneurship successfully concluded its flagship “Blockchain for Governance 2025” workshop in Chandigarh, marking a significant stride in accelerating blockchain adoption in the public sector. The event saw participation from over 120 key stakeholders, including senior government officials, technocrats, academics, and startup leaders.

    Organized by STPI Apiary’s Blockchain Centre of Entrepreneurship, the Blockchain for Governance workshop served as a platform to foster dialogue and collaboration around the integration of blockchain in governance models, particularly in the state of Haryana. Delegates explored how blockchain can bring transparency, efficiency, and trust to public administration.

    Addressing the Blockchain for Governance workshop gathering, senior Haryana government officials including D. Suresh (Principal Secretary, Industries & Commerce), Rajiv Ranjan (Principal Secretary, Labour), and Dr. Rahul Narwal (Director & Special Secretary, IT) reiterated the state’s readiness to embrace blockchain as a tool for administrative reform. Ashok Gupta, Director, STPI Gurugram and CEO, STPI Apiary CoE, stressed the importance of moving beyond legacy systems and adopting blockchain for scalable and secure digital transformation.

    Technical deep dives were delivered by Prof. Subodh Sharma from IIT Delhi and Dr. Ras Dwivedi from IIT Kanpur, who explained blockchain architecture and shared successful governance implementations. A session on blockchain evaluation frameworks led by IDS leaders, Aravind Voruganti and Dayal Mukati, helped stakeholders understand criteria for deploying blockchain across health, finance, and public services.

    Special sessions featured state-led success stories including Telangana’s blockchain-powered land record systems, shared by Rama Devi Lanka (Director, Emerging Tech), and Karnataka’s university credential verification system, presented by S. Jayanthi, DDG, NIC Karnataka. These case studies highlighted blockchain’s transformative role in reducing fraud, enhancing transparency, and ensuring data integrity.

    STPI Apiary’s leadership team, including Chief Mentor Pankaj Thakkar, Padup Ventures Co-Founder Rajat Jain, and COO Chetan Sharma, emphasized the urgency of initiating departmental PoCs and cross-agency sandbox environments to accelerate adoption.

    Blockchain for Governance Workshop

    The workshop concluded with a collective vision to position Haryana as a blockchain-first governance model by leveraging state policy, startup ecosystem collaboration, and cutting-edge technology. STPI Apiary continues to serve as a national hub for blockchain innovation, bridging government, startups, and academia through incubation, research, and implementation frameworks.

    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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