• Startup Pulse
    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. 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. 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. O-Health raises an undisclosed amount of funding from Sangita Reddy, BugleRock Capital, Perpetual Capital, Ankit Nagori and Varun Dua. 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. 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. 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. 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. O-Health raises an undisclosed amount of funding from Sangita Reddy, BugleRock Capital, Perpetual Capital, Ankit Nagori and Varun Dua. 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.
  • Why Global Investors Are Looking at Andhra Pradesh: Inside CII Partnership Summit 2026

    CII Partnership Summit 2026

    Visakhapatnam is hosting the 31st edition of the CII Partnership Summit 2026 on November 12–13, with global policymakers, international delegates, business leaders and investors coming together to discuss emerging opportunities in trade, technology and economic cooperation.

    Organised by the Confederation of Indian Industry (CII), in association with the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India, and hosted by the Government of Andhra Pradesh, the summit is being held under the theme “Navigating the New World Order: Trade | Technology | Trust | Thought Leadership”.

    The CII Partnership Summit 2026 provides a platform for discussions on strengthening global partnerships, attracting investments and positioning India as a competitive destination for global manufacturing and innovation.

    The inaugural session of the CII Partnership Summit 2026 was attended by Union Minister of Home Affairs and Cooperation Amit Shah, Union Minister of Commerce and Industry Piyush Goyal, Union Minister of Civil Aviation Kinjarapu Ram Mohan Naidu, Chief Minister of Andhra Pradesh N. Chandrababu Naidu and Deputy Chief Minister of Andhra Pradesh Konidala Pawan Kalyan.

    The session also featured industry leaders, including Founder & CEO of Sagar Defence, Capt. Nikunj Parashar, and President of CII and Managing Director & CEO of Tata Chemicals Limited, R. Mukundan.

    NICDC Pavilion Showcases Andhra Pradesh’s ₹31,360 Crore Investment Potential

    One of the key highlights of the CII Partnership Summit 2026 was the National Industrial Corridor Development Corporation (NICDC) pavilion, which showcased Andhra Pradesh’s industrial infrastructure, investment opportunities and upcoming Greenfield Industrial Smart Cities.

    Key displays included the development of Greenfield Industrial Smart Cities, BHAVYA (Bharat Audyogik Vikas Yojana), Industrial Corridor Land Platform (ICLP), Koyla Shakti, a Smart Coal Analytics Dashboard, and platforms enabling investors to discover and compare verified industrial land opportunities across India.

    The NICDC pavilion also featured a 360-degree Virtual Reality (VR) Tour, providing visitors with an immersive overview of the corporation’s industrial corridor projects.

    During the interaction, Piyush Goyal highlighted the BHAVYA scheme, while N. Chandrababu Naidu drew attention to Orvakal Drone City and its potential to strengthen Andhra Pradesh’s emerging aerospace and drone manufacturing ecosystem.

    Krishnapatnam, Orvakal and Kopparthy: Three Industrial Nodes in Andhra Pradesh

    The NICDC pavilion at the CII Partnership Summit 2026 also showcased the combined industrial development potential of the three Greenfield Industrial Smart City nodes in Andhra Pradesh.

    The three nodes together cover a project area of 7,717 acres, with an estimated investment potential of ₹31,360 crore and employment potential of 2 lakh jobs.

    The three industrial nodes are being developed under different industrial corridors and are envisaged as integrated industrial ecosystems supported by world-class infrastructure and connectivity.

    Their development aims to facilitate large-scale investments, strengthen manufacturing capabilities, generate employment and accelerate industrial growth across Andhra Pradesh.

    Japan Highlights Investment Opportunities in Andhra Pradesh

    The India-Japan economic partnership and opportunities for industrial collaboration also featured prominently at the CII Partnership Summit 2026.

    Ambassador of Japan to India, Keiichi Ono, highlighted the growing economic relationship between the two countries. He noted that 31 Japanese companies across three cities in Andhra Pradesh have generated over 8,000 local jobs.

    He also emphasised opportunities for collaboration in steel, pharmaceuticals, clean energy and semiconductors.

    CEO & MD of NICDC, Rajat Kumar Saini, IAS, delivered the opening remarks, outlining five key areas for deeper cooperation:

    1. Manufacturing and industrial corridor development.
    2. Resilient supply chains.
    3. Advanced technologies.
    4. Sustainable industrial development.
    5. MSME partnerships and skill development.

    NICDC Shares Progress of Three Industrial Smart City Projects

    During the CII Partnership Summit 2026, Rajat Kumar Saini also apprised dignitaries of the development progress of the three industrial nodes in Andhra Pradesh.

    The progress updates were as follows:

    • Krishnapatnam: More than 50% completion.
    • Orvakal: Approximately 30% completion.
    • Kopparthy: Around 12% completion.

    The updates highlighted the progress of infrastructure development across the three projects and NICDC’s continued efforts towards creating investment-ready industrial destinations in the State.

    The development of these industrial nodes is expected to support manufacturing investments, improve industrial infrastructure and strengthen Andhra Pradesh’s position in India’s industrial growth landscape.

    Japanese Companies Show Interest in Expanding Operations in India

    The CII Partnership Summit 2026 also featured discussions on opportunities for Japanese companies to expand their operations in India and Andhra Pradesh.

    Director General of JETRO Chennai, Mr. Kiyotaka Doho, highlighted the growing interest among Japanese companies in India and Andhra Pradesh.

    He noted that over 80% of surveyed companies were planning to expand their operations.

    President & MD of Isuzu Motors India, Rajesh Mittal, underscored the importance of Japanese manufacturing practices, quality standards, skill development and local supplier ecosystems.

    Presentations by Proterial India and Nittan India further showcased opportunities for industrial collaboration between Indian and Japanese businesses.

    NICDC Focuses on Strengthening India’s Manufacturing Ecosystem

    Through the development of Greenfield Industrial Smart Cities across various industrial corridors, NICDC is working towards strengthening India’s manufacturing ecosystem, enhancing logistics efficiency and creating investment-ready industrial destinations.

    Its initiatives aim to attract domestic and international investments, generate employment and facilitate the integration of Indian industries with global value chains.

    NICDC‘s participation in the 31st CII Partnership Summit 2026 provided an opportunity to showcase the progress of its industrial corridor projects, engage with global stakeholders and highlight investment opportunities in Andhra Pradesh.

    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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