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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

    Meril Secures USD 200 Million Investment from ADIA

    Spotlight Posted on  —by Salil Urunkar
    Meril

    Mumbai / Abu Dhabi: The Abu Dhabi Investment Authority (ADIA) has announced a significant investment of USD 200 million in Meril, a fast-growing Indian medical technology company, through its wholly owned subsidiary.

    The transaction, which will give ADIA an approximate 3% stake in Meril, values the company at an enterprise value of USD 6.6 billion and awaits regulatory clearance from the Competition Commission of India (CCI).

    Also Read: STPI MedTech CoE Facilitates INR 70 Lakh Funding Opportunity for Startups

    Founded by the Bilakhia Group, Meril is a global MedTech powerhouse headquartered in Vapi, India, with cutting-edge innovation across cardiovascular, structural heart, orthopaedics, endo-surgery, diagnostics, and surgical robotics.

    This investment further strengthens the company’s capital base and global position, as it now counts ADIA and Warburg Pincus among its strategic backers.

    “This investment by ADIA reinforces confidence in the company’s long-term vision and global ambitions,” said Sanjeev Bhatt, Senior Vice President – Strategy, Meril. “It will help us accelerate growth, attract world-class talent, and enhance our R&D and clinical capabilities.”

    Meril operates a 100-acre green MedTech campus, fully powered by renewable energy. With over 13,000 employees, 35+ global subsidiaries, and a presence in 150+ countries, the company is redefining the medical devices landscape through scalable, sustainable, and accessible healthcare innovations.

    Also Read: Campus Tank: Chandigarh University Launches Startup Launchpad for Young Innovators

    Meril: R&D Ecosystem

    The company’s robust R&D ecosystem, comprising 200+ proprietary platforms, supports breakthrough innovations like:

    • Myval Transcatheter Heart Valve (THV) series
    • MyClip Transcatheter Edge-to-Edge Repair (TEER) system
    • MISSO Surgical Robotic System

    The company also runs 12 global training academies, equipping 10,000+ healthcare professionals annually, showcasing its commitment to clinical education and outcomes.

    The fresh capital infusion will be directed toward expanding the company’s research & development, clinical trials, and global growth initiatives.

    With increasing emphasis on localization and sustainability in MedTech, Meril‘s innovation-led approach and clean energy operations place it among the global elite in next-gen healthcare technology.

    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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