• Startup Pulse
    JSW Ventures completes the first close of Fund III, with JSW Family Office as anchor investor. mistEO raises ₹18 crore in a seed round led by MGF Kavachh, with Seafund and other investors participating. Astrome Technologies signs an agreement with the Technology Development Board for ₹64.05 crore in support through optionally convertible debt under the RDI Fund. Nawgati is selected among the top 10 finalists of the UAE-India Startup Series 2.0. ValueQuest commits ₹775 crore across Sagar Defence Engineering, TASE Global and Rational Engineers. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. 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. JSW Ventures completes the first close of Fund III, with JSW Family Office as anchor investor. mistEO raises ₹18 crore in a seed round led by MGF Kavachh, with Seafund and other investors participating. Astrome Technologies signs an agreement with the Technology Development Board for ₹64.05 crore in support through optionally convertible debt under the RDI Fund. Nawgati is selected among the top 10 finalists of the UAE-India Startup Series 2.0. ValueQuest commits ₹775 crore across Sagar Defence Engineering, TASE Global and Rational Engineers. Greenjoules raises ₹150 crore in a Series B round co-led by Amazon Smbhav Venture Fund and Climate Pledge Fund, with Rainmatter and Singularity Strategic Autonomy Fund participating, and secures a separate ₹100 crore loan from the Technology Development Board. London-based fintech startup Seva Money announced a $5 million seed funding round co-led by Blockwall and Revent, with participation from Seedcamp. 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.
  • INS Betwa to Ditch Steam Propulsion for Diesel Engines Under ₹498.58 Crore Upgrade, 50+ MSMEs to Benefit

    INS Betwa Refit Deal

    New Delhi: The Ministry of Defence (MoD) has signed a ₹498.58 crore contract with Cochin Shipyard Limited (CSL) for the Normal Refit and Re-powering of Indian Naval Ship INS Betwa, a Brahmaputra-class frigate of the Indian Navy.

    The contract was signed in the presence of Defence Secretary Rajesh Kumar Singh in New Delhi on November 11, 2026.

    Under the contract, INS Betwa will undergo a major propulsion system transformation, involving the replacement of its existing steam-based propulsion system with a diesel-engine-based propulsion system.

    The project will also include an upgrade of the warship’s combat capabilities through the installation of a modernised weapon suite, aimed at enhancing its operational effectiveness.

    The INS Betwa refit and re-powering project is expected to strengthen India’s indigenous capabilities in naval ship repair and maintenance, particularly in handling complex propulsion system transformations and modernisation of naval platforms.

    The project is also expected to involve more than 50 micro, small and medium enterprises (MSMEs), generating significant employment opportunities across India’s shipbuilding and ancillary industries.

    The ₹498.58 crore INS Betwa modernisation project will provide further impetus to the Government’s vision of ‘Aatmanirbhar Bharat’ and ‘Make in India’.

    It will also reinforce the country’s domestic capabilities in naval ship repair, maintenance and modernisation.

    By undertaking the complex propulsion system transformation domestically, the project is expected to strengthen the indigenous ship repair ecosystem and expand the capabilities of Indian shipyards and associated industries in servicing advanced naval platforms.

    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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