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    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. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij. 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. OBSESS raises approximately ₹3 crore in an angel round from Pushpendra Singh, Amit Goel and Harshit Vij.

    • Just In

    BFI-BIOME and IIT Kanpur Bioinnovation Program Offers Grants Up to INR 10 Lakhs

    Spotlight Posted on  —by Salil Urunkar
    IIT Kanpur Bioinnovation Program

    Kanpur: The BFI-BIOME Network and IIT Kanpur Startup Incubation and Innovation Centre (SIIC) have jointly launched the BFI-BIOME and IIT Kanpur Bioinnovation Program.

    This national initiative aims to support individual innovators and biomedical startups developing cutting-edge healthcare technologies, including diagnostics, medical devices, and surgical innovations.

    Also Read: CSIR-IGIB Opens India’s First National Biobank to Advance Precision Medicine

    With India facing pressing healthcare challenges, the IIT Kanpur bioinnovation program is designed to translate novel biomedical ideas into impactful, market-ready solutions through funding, mentorship, infrastructure access, and expert guidance.

    BFI-BIOME IIT Kanpur Bioinnovation Program: Two Flagship Tracks

    Bioinnovation Fellowship for Individual Innovators

    • Monthly support of up to ₹50,000 for 6–9 months
    • Access to IIT Kanpur’s state-of-the-art labs, resources, and mentorship
    • Focus areas: in-vitro diagnostics, medical devices, surgical tools

    Kickstarter Initiative for Startups

    • Up to ₹10 lakhs (inclusive of GST) in grant support
    • Designed to help startups advance product development, de-risk technology, and pilot solutions
    • Eligibility: Indian-registered startups with ≥51% Indian equity ownership, TRL 3+, and a strong roadmap to commercialization

    Key Focus Domains:

    • Diagnostics: Point-of-care and molecular devices
    • Medical Devices: Implantables, prosthetics, critical care tools
    • Surgical Technologies: Minimally invasive, robotic, or telemedicine-enabled tools

    BFI-BIOME IIT Kanpur Bioinnovation Program Benefits:

    • Infrastructure access at IIT Kanpur
    • Tailored business and tech mentorship
    • Skill-building workshops
    • Investor networking and pitch opportunities
    • Legal and IP support
    • Test-bed opportunities for product validation

    Selection Process:

    • Round 1: Application shortlisting based on innovation, feasibility, and healthcare impact
    • Round 2: Pitch presentations to expert jury
    • Round 3: Final selection and onboarding

    Also Read: Catalyst AIC Startup School Innovation Challenge 2025 Open for Idea-Stage Ventures

    With a $15 million fund dedicated to biomedical innovation, BFI-BIOME – originally established during India’s COVID-19 crisis – has now evolved into a structured intervention platform addressing India’s public health and medical technology needs.

    The IIT Kanpur collaboration signifies a pivotal step toward self-reliance in medical technology and scaling indigenous innovations.

    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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