• 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. 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. 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. 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. 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.
  • USA-Bound Postal Services Suspended by Department of Posts Due to Tariff Rules

    Department of Posts postal services to USA suspended

    New Delhi: The Department of Posts has announced a temporary suspension of postal services to the United States of America, effective August 25, 2025.

    The decision follows Executive Order No. 14324 issued by the U.S. Administration on July 30, 2025, which withdraws the duty-free de minimis exemption on goods valued up to USD 800 from August 29, 2025.

    Department of Posts Cites Impact of U.S. Tariff Rules

    Under the new framework, all postal items destined for the USA will be subject to customs duties in line with the International Emergency Economic Power Act (IEEPA) tariff framework. However, gift items up to USD 100 will remain exempt from duties.

    Also Read: RAMP Programme: India Post and MSSIDC Sign MoU to Boost MSME Competitiveness in Maharashtra

    As per the U.S. order, transport carriers and other “qualified parties” authorized by the US Customs and Border Protection (CBP) must collect and remit duties on postal consignments.

    While CBP issued preliminary guidelines on August 15, 2025, several key procedures – such as the designation of qualified parties and mechanisms for duty remittance – are still unclear.

    Suspension Effective August 25, 2025

    Citing operational challenges, U.S.-bound air carriers have expressed their inability to handle postal shipments beyond August 25, 2025. In response, the Department of Posts has decided to temporarily halt the booking of all postal articles destined for the USA, except:

    • Letters/documents
    • Gift items valued up to USD 100
    • These exempt categories will continue until further directions are received from CBP and USPS.

    Also Read: E-Commerce Export Hubs to Empower Indian SMEs with Cost-Effective Cross-Border Logistics

    Refunds and Service Restoration Efforts

    The Department of Posts has assured customers that those who have already booked non-dispatchable consignments can seek refunds of postage. The Department emphasized that it is closely monitoring developments and working with all stakeholders to restore full services at the earliest opportunity.

    “The Department of Posts deeply regrets the inconvenience caused to customers and assures that every effort is being made to normalize postal services to the USA as soon as possible,” the official statement said.

    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.

    Back to top